DE WITTE GANZ: 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 GANZ
Largest movements
- Cash +€44,117
up €44,117 (+21.0%), from €210,206 to €254,323
mainly Depreciation (+€40,382) and Receivables after one year (+€10,953)
- Tangible fixed assets -€32,882
down €32,882 (-26.8%), from €122,829 to €89,947
- Receivables after one year -€10,953
down €10,953 (-34.2%), from €32,000 to €21,048
- Deferred charges and accrued income -€8,110
down €8,110 (-90.4%), from €8,975 to €865
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€15,982
down €15,982 (-8.5%), from €188,678 to €172,696
- Write-downs +€6,350
new in 2025: €6,350
- Financial income +€2,965
up €2,965 (+617,769%), from €0 to €2,966
- Taxes -€2,585
no longer reported in 2025 (was €2,585)
- Staff costs -€2,297
down €2,297 (-1.8%), from €126,991 to €124,694
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 | €470,539 | €460,497 | -€10,042 | -2.1% |
| Fixed assets | 21/28 | €123,083 | €90,201 | -€32,882 | -26.7% |
| Tangible fixed assets | 22/27 | €122,829 | €89,947 | -€32,882 | -26.8% |
| Plant, machinery and equipment | 23 | €51,190 | €36,569 | -€14,621 | -28.6% |
| Furniture and vehicles | 24 | €36,944 | €23,775 | -€13,169 | -35.6% |
| Other tangible fixed assets | 26 | €34,695 | €29,603 | -€5,092 | -14.7% |
| Financial fixed assets | 28 | €254 | €254 | = | 0.0% |
| Current assets | 29/58 | €347,456 | €370,296 | +€22,840 | +6.6% |
| Amounts receivable after more than one year | 29 | €32,000 | €21,048 | -€10,953 | -34.2% |
| Trade receivables | 290 | €32,000 | €21,048 | -€10,953 | -34.2% |
| Stocks and contracts in progress | 3 | €24,398 | €22,793 | -€1,606 | -6.6% |
| Stocks | 30/36 | €24,398 | €22,793 | -€1,606 | -6.6% |
| Amounts receivable within one year | 40/41 | €71,876 | €71,268 | -€609 | -0.8% |
| Trade receivables | 40 | €21,479 | €24,255 | +€2,776 | +12.9% |
| Other amounts receivable | 41 | €50,398 | €47,013 | -€3,385 | -6.7% |
| Cash at bank and in hand | 54/58 | €210,206 | €254,323 | +€44,117 | +21.0% |
| Deferred charges and accrued income | 490/1 | €8,975 | €865 | -€8,110 | -90.4% |
| Total equity and liabilities | 10/49 | €470,539 | €460,497 | -€10,042 | -2.1% |
| Equity | 10/15 | €419,104 | €416,498 | -€2,605 | -0.6% |
| Contributions | 10/11 | €74,400 | €74,400 | = | 0.0% |
| Capital | 10 | €74,400 | €74,400 | = | 0.0% |
| Issued capital | 100 | €74,400 | €74,400 | = | 0.0% |
| Reserves | 13 | €344,704 | €344,704 | = | 0.0% |
| Non-distributable reserves | 130/1 | €7,440 | €7,440 | = | 0.0% |
| Legal reserve | 130 | €7,440 | €7,440 | = | 0.0% |
| Tax-exempt reserves | 132 | €22,821 | €22,821 | = | 0.0% |
| Distributable reserves | 133 | €314,443 | €314,443 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€2,605 | -€2,605 | |
| Amounts payable | 17/49 | €51,436 | €43,999 | -€7,437 | -14.5% |
| Amounts payable within one year | 42/48 | €51,436 | €43,999 | -€7,437 | -14.5% |
| Trade debts | 44 | €23,854 | €19,259 | -€4,595 | -19.3% |
| Suppliers | 440/4 | €23,854 | €19,259 | -€4,595 | -19.3% |
| Taxes, remuneration and social security | 45 | €27,421 | €24,579 | -€2,842 | -10.4% |
| Taxes | 450/3 | €4,859 | €1,164 | -€3,695 | -76.0% |
| Remuneration and social security | 454/9 | €22,562 | €23,415 | +€853 | +3.8% |
| Other amounts payable | 47/48 | €161 | €161 | = | 0.0% |
| Non-recurring operating income | 76A | €19,829 | - | -€19,829 | |
| Remuneration, social security and pensions | 62 | €126,991 | €124,694 | -€2,297 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,851 | €40,382 | -€469 | -1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,350 | +€6,350 | |
| Other operating charges | 640/8 | €6,668 | €6,531 | -€136 | -2.0% |
| Gross operating margin | 9900 | €188,678 | €172,696 | -€15,982 | -8.5% |
| Operating profit (loss) | 9901 | €14,168 | -€5,262 | -€19,430 | |
| Financial income | 75/76B | €0 | €2,966 | +€2,965 | +617,769% |
| Recurring financial income | 75 | €0 | €2,966 | +€2,965 | +617,769% |
| Financial charges | 65/66B | €365 | €309 | -€56 | -15.2% |
| Recurring financial charges | 65 | €365 | €309 | -€56 | -15.2% |
| Profit (loss) for the period before taxes | 9903 | €13,804 | -€2,605 | -€16,409 | |
| Income taxes | 67/77 | €2,585 | - | -€2,585 | |
| Profit (loss) for the period | 9904 | €11,219 | -€2,605 | -€13,824 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,219 | -€2,605 | -€13,824 |
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 19 October 2026 via checked.be.