DE WITTE: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
DE WITTE
Largest movements
- Cash -€134,576
down €134,576 (-57.3%), from €234,857 to €100,281
mainly Current investments (-€123,426) and Investment in fixed assets (net) (-€47,027)
- Current investments +€123,426
up €123,426 (+24.3%), from €507,574 to €631,000
- Tangible fixed assets +€36,757
up €36,757 (+89.4%), from €41,096 to €77,853
of which Furniture and vehicles: +€38,737
- Stocks and contracts -€10,204
down €10,204 (-58.0%), from €17,607 to €7,403
of which Contracts in progress: -€10,000
- Reserves +€11,259
up €11,259 (+12.4%), from €90,754 to €102,013
of which Distributable reserves: +€11,259
- Other debts +€9,910
up €9,910 (+6.8%), from €146,753 to €156,663
- Gross operating margin +€51,175
up €51,175, from -€1,293 to €49,882
- Financial charges +€32,873
up €32,873 (+168.0%), from €19,564 to €52,437
- Financial income +€3,221
up €3,221 (+13.1%), from €24,583 to €27,804
- Depreciation +€1,925
up €1,925 (+23.1%), from €8,345 to €10,270
- Taxes +€886
up €886 (+216.6%), from €409 to €1,295
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €815,109 | €836,426 | +€21,317 | +2.6% |
| Fixed assets | 21/28 | €41,244 | €78,001 | +€36,757 | +89.1% |
| Tangible fixed assets | 22/27 | €41,096 | €77,853 | +€36,757 | +89.4% |
| Land and buildings | 22 | €22,751 | €24,277 | +€1,526 | +6.7% |
| Plant, machinery and equipment | 23 | €12,284 | €9,216 | -€3,068 | -25.0% |
| Furniture and vehicles | 24 | €1,686 | €40,423 | +€38,737 | +2297.6% |
| Other tangible fixed assets | 26 | €4,375 | €3,937 | -€438 | -10.0% |
| Financial fixed assets | 28 | €148 | €148 | = | 0.0% |
| Current assets | 29/58 | €773,865 | €758,425 | -€15,440 | -2.0% |
| Stocks and contracts in progress | 3 | €17,607 | €7,403 | -€10,204 | -58.0% |
| Stocks | 30/36 | €7,607 | €7,403 | -€204 | -2.7% |
| Contracts in progress | 37 | €10,000 | - | -€10,000 | |
| Amounts receivable within one year | 40/41 | €12,114 | €16,967 | +€4,853 | +40.1% |
| Trade receivables | 40 | €7,780 | €9,860 | +€2,080 | +26.7% |
| Other amounts receivable | 41 | €4,334 | €7,107 | +€2,773 | +64.0% |
| Current investments | 50/53 | €507,574 | €631,000 | +€123,426 | +24.3% |
| Cash at bank and in hand | 54/58 | €234,857 | €100,281 | -€134,576 | -57.3% |
| Deferred charges and accrued income | 490/1 | €1,713 | €2,774 | +€1,061 | +61.9% |
| Total equity and liabilities | 10/49 | €815,109 | €836,426 | +€21,317 | +2.6% |
| Equity | 10/15 | €561,035 | €572,294 | +€11,259 | +2.0% |
| Contributions | 10/11 | €471,245 | €471,245 | = | 0.0% |
| Reserves | 13 | €90,754 | €102,013 | +€11,259 | +12.4% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €80,754 | €92,013 | +€11,259 | +13.9% |
| Profit (loss) carried forward | 14 | -€964 | -€964 | = | 0.0% |
| Provisions and deferred taxes | 16 | €100,134 | €100,134 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €100,134 | €100,134 | = | 0.0% |
| Pensions and similar obligations | 160 | €100,134 | €100,134 | = | 0.0% |
| Amounts payable | 17/49 | €153,940 | €163,998 | +€10,058 | +6.5% |
| Amounts payable within one year | 42/48 | €153,940 | €163,998 | +€10,058 | +6.5% |
| Trade debts | 44 | €5,488 | €7,335 | +€1,847 | +33.7% |
| Suppliers | 440/4 | €5,488 | €7,335 | +€1,847 | +33.7% |
| Advances received on contracts in progress | 46 | €1,699 | - | -€1,699 | |
| Other amounts payable | 47/48 | €146,753 | €156,663 | +€9,910 | +6.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,345 | €10,270 | +€1,925 | +23.1% |
| Other operating charges | 640/8 | €2,103 | €2,425 | +€322 | +15.3% |
| Gross operating margin | 9900 | -€1,293 | €49,882 | +€51,175 | |
| Operating profit (loss) | 9901 | -€11,741 | €37,187 | +€48,928 | |
| Financial income | 75/76B | €24,583 | €27,804 | +€3,221 | +13.1% |
| Recurring financial income | 75 | €24,583 | €27,804 | +€3,221 | +13.1% |
| Financial charges | 65/66B | €19,564 | €52,437 | +€32,873 | +168.0% |
| Recurring financial charges | 65 | €19,564 | €52,437 | +€32,873 | +168.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,722 | €12,554 | +€19,276 | |
| Income taxes | 67/77 | €409 | €1,295 | +€886 | +216.6% |
| Profit (loss) for the period | 9904 | -€7,131 | €11,259 | +€18,390 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,131 | €11,259 | +€18,390 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 12 October 2026 via checked.be.