DE WITTE ANDY & Co: 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 ANDY & Co
Largest movements
- Stocks and contracts +€165,076
up €165,076 (+480%), from €34,424 to €199,500
of which Contracts in progress: +€165,644
- Cash -€28,753
down €28,753 (-45.1%), from €63,799 to €35,046
mainly Stocks and contracts (-€165,076) and Investment in fixed assets (net) (-€3,500)
- Tangible fixed assets -€3,853
down €3,853 (-25.0%), from €15,392 to €11,539
of which Plant, machinery and equipment: -€2,222
- Receivables within one year +€3,116
up €3,116 (+44.6%), from €6,989 to €10,104
of which Trade receivables: +€1,900
- Debts after one year +€96,242
up €96,242 (+354%), from €27,176 to €123,418
- Trade debts +€26,965
up €26,965 (+242%), from €11,142 to €38,108
- Reserves +€11,136
up €11,136 (+14.2%), from €78,195 to €89,331
- Tax, wage and social debts +€2,653
up €2,653 (+214%), from €1,238 to €3,892
of which Taxes: +€2,153
- Gross operating margin -€29,986
down €29,986 (-53.6%), from €55,919 to €25,933
- Financial charges -€15,662
down €15,662 (-84.5%), from €18,532 to €2,870
- Taxes -€3,764
down €3,764 (-53.0%), from €7,107 to €3,343
- Depreciation -€2,842
down €2,842 (-27.9%), from €10,195 to €7,353
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.
Derived cash bridge
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 | €129,983 | €265,239 | +€135,257 | +104% |
| Fixed assets | 21/28 | €15,392 | €11,539 | -€3,853 | -25.0% |
| Tangible fixed assets | 22/27 | €15,392 | €11,539 | -€3,853 | -25.0% |
| Plant, machinery and equipment | 23 | €10,619 | €8,397 | -€2,222 | -20.9% |
| Furniture and vehicles | 24 | €3,814 | €2,635 | -€1,179 | -30.9% |
| Other tangible fixed assets | 26 | €959 | €507 | -€452 | -47.2% |
| Current assets | 29/58 | €114,590 | €253,700 | +€139,110 | +121% |
| Stocks and contracts in progress | 3 | €34,424 | €199,500 | +€165,076 | +480% |
| Stocks | 30/36 | €568 | - | -€568 | |
| Contracts in progress | 37 | €33,856 | €199,500 | +€165,644 | +489% |
| Amounts receivable within one year | 40/41 | €6,989 | €10,104 | +€3,116 | +44.6% |
| Trade receivables | 40 | €5,130 | €7,030 | +€1,900 | +37.0% |
| Other amounts receivable | 41 | €1,859 | €3,074 | +€1,215 | +65.4% |
| Cash at bank and in hand | 54/58 | €63,799 | €35,046 | -€28,753 | -45.1% |
| Deferred charges and accrued income | 490/1 | €9,379 | €9,050 | -€329 | -3.5% |
| Total equity and liabilities | 10/49 | €129,983 | €265,239 | +€135,257 | +104% |
| Equity | 10/15 | €84,395 | €95,531 | +€11,136 | +13.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €78,195 | €89,331 | +€11,136 | +14.2% |
| Distributable reserves | 133 | €78,195 | €89,331 | +€11,136 | +14.2% |
| Amounts payable | 17/49 | €45,588 | €169,708 | +€124,120 | +272% |
| Amounts payable after more than one year | 17 | €27,176 | €123,418 | +€96,242 | +354% |
| Financial debts | 170/4 | €27,176 | €123,418 | +€96,242 | +354% |
| Amounts payable within one year | 42/48 | €14,132 | €41,999 | +€27,868 | +197% |
| Trade debts | 44 | €11,142 | €38,108 | +€26,965 | +242% |
| Suppliers | 440/4 | €11,142 | €38,108 | +€26,965 | +242% |
| Taxes, remuneration and social security | 45 | €1,238 | €3,892 | +€2,653 | +214% |
| Taxes | 450/3 | €1,238 | €3,392 | +€2,153 | +174% |
| Remuneration and social security | 454/9 | - | €500 | +€500 | |
| Other amounts payable | 47/48 | €1,751 | - | -€1,751 | |
| Accrued charges and deferred income | 492/3 | €4,280 | €4,291 | +€10 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,195 | €7,353 | -€2,842 | -27.9% |
| Other operating charges | 640/8 | €1,552 | €1,556 | +€4 | +0.2% |
| Non-recurring operating charges | 66A | €558 | - | -€558 | |
| Gross operating margin | 9900 | €55,919 | €25,933 | -€29,986 | -53.6% |
| Operating profit (loss) | 9901 | €43,615 | €17,025 | -€26,590 | -61.0% |
| Financial income | 75/76B | €439 | €325 | -€114 | -25.9% |
| Recurring financial income | 75 | €439 | €325 | -€114 | -25.9% |
| Financial charges | 65/66B | €18,532 | €2,870 | -€15,662 | -84.5% |
| Recurring financial charges | 65 | €18,532 | €2,870 | -€15,662 | -84.5% |
| Profit (loss) for the period before taxes | 9903 | €25,521 | €14,480 | -€11,041 | -43.3% |
| Income taxes | 67/77 | €7,107 | €3,343 | -€3,764 | -53.0% |
| Profit (loss) for the period | 9904 | €18,414 | €11,136 | -€7,277 | -39.5% |
| Profit (loss) for the period to be appropriated | 9905 | €18,414 | €11,136 | -€7,277 | -39.5% |
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 16 October 2026 via checked.be.