DE WITTE: what changed
Two fiscal 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
- Receivables within one year +€46,135
up €46,135 (+72.0%), from €64,079 to €110,214
of which Trade receivables: +€40,061
- Stocks and contracts -€5,420
down €5,420 (-42.6%), from €12,713 to €7,293
- Tangible fixed assets -€3,697
down €3,697 (-29.6%), from €12,470 to €8,774
- Reserves +€34,000
up €34,000 (+75.2%), from €45,233 to €79,233
- Tax, wage and social debts +€19,273
new in 2025: €19,273
- Trade debts -€15,108
down €15,108 (-55.5%), from €27,201 to €12,093
- Short-term financial debts -€3,635
down €3,635 (-81.0%), from €4,489 to €854
- Profit (loss) carried forward +€1,428
up €1,428 (+78.2%), from €1,827 to €3,255
- Taxes +€18,361
up €18,361 (+670.9%), from €2,737 to €21,098
- Staff costs -€6,375
down €6,375 (-39.6%), from €16,101 to €9,726
- Gross operating margin +€3,591
up €3,591 (+5.4%), from €66,876 to €70,467
- Financial charges -€1,414
down €1,414 (-72.4%), from €1,954 to €539
of which Financial charges: -€1,414
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 | €91,176 | €128,514 | +€37,338 | +41.0% |
| Fixed assets | 21/28 | €12,470 | €8,774 | -€3,697 | -29.6% |
| Tangible fixed assets | 22/27 | €12,470 | €8,774 | -€3,697 | -29.6% |
| Land and buildings | 22 | €1,600 | €1,342 | -€259 | -16.2% |
| Plant, machinery and equipment | 23 | €6,120 | €4,353 | -€1,767 | -28.9% |
| Furniture and vehicles | 24 | €1,387 | €693 | -€693 | -50.0% |
| Other tangible fixed assets | 26 | €3,363 | €2,386 | -€977 | -29.1% |
| Current assets | 29/58 | €78,705 | €119,740 | +€41,035 | +52.1% |
| Stocks and contracts in progress | 3 | €12,713 | €7,293 | -€5,420 | -42.6% |
| Stocks | 30/36 | €12,713 | €7,293 | -€5,420 | -42.6% |
| Amounts receivable within one year | 40/41 | €64,079 | €110,214 | +€46,135 | +72.0% |
| Trade receivables | 40 | €53,951 | €94,013 | +€40,061 | +74.3% |
| Other amounts receivable | 41 | €10,128 | €16,201 | +€6,074 | +60.0% |
| Cash at bank and in hand | 54/58 | €1,913 | €2,233 | +€320 | +16.7% |
| Total equity and liabilities | 10/49 | €91,176 | €128,514 | +€37,338 | +41.0% |
| Equity | 10/15 | €59,485 | €94,913 | +€35,428 | +59.6% |
| Contributions | 10/11 | €12,425 | €12,425 | = | 0.0% |
| Capital | 10 | €12,425 | €12,425 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €6,175 | €6,175 | = | 0.0% |
| Reserves | 13 | €45,233 | €79,233 | +€34,000 | +75.2% |
| Non-distributable reserves | 130/1 | €45,233 | €79,233 | +€34,000 | +75.2% |
| Legal reserve | 130 | €1,243 | €1,243 | = | 0.0% |
| Other | 1319 | €43,990 | €77,990 | +€34,000 | +77.3% |
| Profit (loss) carried forward | 14 | €1,827 | €3,255 | +€1,428 | +78.2% |
| Provisions and deferred taxes | 16 | - | €1,380 | +€1,380 | |
| Provisions for liabilities and charges | 160/5 | - | €1,380 | +€1,380 | |
| Other liabilities and charges | 164/5 | - | €1,380 | +€1,380 | |
| Amounts payable | 17/49 | €31,691 | €32,221 | +€530 | +1.7% |
| Amounts payable within one year | 42/48 | €31,691 | €32,221 | +€530 | +1.7% |
| Financial debts | 43 | €4,489 | €854 | -€3,635 | -81.0% |
| Credit institutions | 430/8 | €4,489 | €854 | -€3,635 | -81.0% |
| Trade debts | 44 | €27,201 | €12,093 | -€15,108 | -55.5% |
| Suppliers | 440/4 | €27,201 | €12,093 | -€15,108 | -55.5% |
| Taxes, remuneration and social security | 45 | - | €19,273 | +€19,273 | |
| Taxes | 450/3 | - | €19,273 | +€19,273 | |
| Remuneration, social security and pensions | 62 | €16,101 | €9,726 | -€6,375 | -39.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,502 | €3,697 | +€195 | +5.6% |
| Gross operating margin | 9900 | €66,876 | €70,467 | +€3,591 | +5.4% |
| Operating profit (loss) | 9901 | €47,273 | €57,044 | +€9,771 | +20.7% |
| Financial income | 75/76B | €67 | €21 | -€46 | -68.9% |
| Recurring financial income | 75 | €67 | €21 | -€46 | -68.9% |
| Non-recurring financial income | 76B | - | €21 | +€21 | |
| Financial charges | 65/66B | €1,954 | €539 | -€1,414 | -72.4% |
| Recurring financial charges | 65 | €1,954 | €539 | -€1,414 | -72.4% |
| Non-recurring financial charges | 66B | - | €539 | +€539 | |
| Profit (loss) for the period before taxes | 9903 | €45,386 | €56,526 | +€11,139 | +24.5% |
| Income taxes | 67/77 | €2,737 | €21,098 | +€18,361 | +670.9% |
| Profit (loss) for the period | 9904 | €42,650 | €35,428 | -€7,222 | -16.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,650 | €35,428 | -€7,222 | -16.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.