DE WITTE PEN: 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 PEN
Largest movements
- Cash -€29,817
down €29,817 (-76.2%), from €39,127 to €9,310
mainly Contributions, distributions and other (-€76,860) and Current investments (-€29,329)
- Tangible fixed assets -€29,481
down €29,481 (-31.9%), from €92,441 to €62,960
of which Furniture and vehicles: -€16,728
- Current investments +€29,329
up €29,329 (+25.4%), from €115,274 to €144,603
- Stocks and contracts +€4,196
up €4,196 (+3.4%), from €124,582 to €128,778
- Reserves -€75,499
down €75,499 (-30.3%), from €249,093 to €173,594
- Other debts +€74,302
up €74,302 (+2342.1%), from €3,173 to €77,475
- Debts after one year -€15,407
no longer reported in 2025 (was €15,407)
- Tax, wage and social debts -€6,798
down €6,798 (-32.2%), from €21,143 to €14,345
of which Taxes: -€6,817
- Accrued charges and deferred income -€4,583
down €4,583 (-26.0%), from €17,653 to €13,070
- Gross operating margin -€12,441
down €12,441 (-35.4%), from €35,113 to €22,673
- Taxes -€3,468
down €3,468 (-83.7%), from €4,142 to €673
- Financial income +€933
up €933 (+7.8%), from €11,960 to €12,893
- Financial charges -€373
down €373 (-28.4%), from €1,314 to €941
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 | €406,773 | €375,748 | -€31,025 | -7.6% |
| Fixed assets | 21/28 | €92,491 | €63,010 | -€29,481 | -31.9% |
| Tangible fixed assets | 22/27 | €92,441 | €62,960 | -€29,481 | -31.9% |
| Plant, machinery and equipment | 23 | €114 | - | -€114 | |
| Furniture and vehicles | 24 | €49,633 | €32,905 | -€16,728 | -33.7% |
| Other tangible fixed assets | 26 | €42,694 | €30,055 | -€12,639 | -29.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €314,283 | €312,738 | -€1,544 | -0.5% |
| Amounts receivable after more than one year | 29 | €8,325 | €4,625 | -€3,700 | -44.4% |
| Other amounts receivable | 291 | €8,325 | €4,625 | -€3,700 | -44.4% |
| Stocks and contracts in progress | 3 | €124,582 | €128,778 | +€4,196 | +3.4% |
| Stocks | 30/36 | €124,582 | €128,778 | +€4,196 | +3.4% |
| Amounts receivable within one year | 40/41 | €25,233 | €21,728 | -€3,505 | -13.9% |
| Trade receivables | 40 | - | €150 | +€150 | |
| Other amounts receivable | 41 | €25,233 | €21,578 | -€3,655 | -14.5% |
| Current investments | 50/53 | €115,274 | €144,603 | +€29,329 | +25.4% |
| Cash at bank and in hand | 54/58 | €39,127 | €9,310 | -€29,817 | -76.2% |
| Deferred charges and accrued income | 490/1 | €1,742 | €3,694 | +€1,953 | +112.1% |
| Total equity and liabilities | 10/49 | €406,773 | €375,748 | -€31,025 | -7.6% |
| Equity | 10/15 | €326,149 | €250,650 | -€75,499 | -23.1% |
| Contributions | 10/11 | €52,500 | €52,500 | = | 0.0% |
| Reserves | 13 | €249,093 | €173,594 | -€75,499 | -30.3% |
| Distributable reserves | 133 | €249,093 | €173,594 | -€75,499 | -30.3% |
| Profit (loss) carried forward | 14 | €24,556 | €24,556 | = | 0.0% |
| Amounts payable | 17/49 | €80,625 | €125,098 | +€44,473 | +55.2% |
| Amounts payable after more than one year | 17 | €15,407 | - | -€15,407 | |
| Financial debts | 170/4 | €15,407 | - | -€15,407 | |
| Amounts payable within one year | 42/48 | €47,565 | €112,028 | +€64,463 | +135.5% |
| Current portion of amounts payable after more than one year | 42 | €13,851 | €14,135 | +€284 | +2.0% |
| Trade debts | 44 | €9,398 | €6,073 | -€3,326 | -35.4% |
| Suppliers | 440/4 | €9,398 | €6,073 | -€3,326 | -35.4% |
| Taxes, remuneration and social security | 45 | €21,143 | €14,345 | -€6,798 | -32.2% |
| Taxes | 450/3 | €19,247 | €12,429 | -€6,817 | -35.4% |
| Remuneration and social security | 454/9 | €1,896 | €1,916 | +€20 | +1.0% |
| Other amounts payable | 47/48 | €3,173 | €77,475 | +€74,302 | +2342.1% |
| Accrued charges and deferred income | 492/3 | €17,653 | €13,070 | -€4,583 | -26.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,380 | €30,668 | +€288 | +0.9% |
| Other operating charges | 640/8 | €1,893 | €1,922 | +€28 | +1.5% |
| Gross operating margin | 9900 | €35,113 | €22,673 | -€12,441 | -35.4% |
| Operating profit (loss) | 9901 | €2,839 | -€9,917 | -€12,757 | |
| Financial income | 75/76B | €11,960 | €12,893 | +€933 | +7.8% |
| Recurring financial income | 75 | €11,960 | €12,893 | +€933 | +7.8% |
| Financial charges | 65/66B | €1,314 | €941 | -€373 | -28.4% |
| Recurring financial charges | 65 | €1,314 | €941 | -€373 | -28.4% |
| Profit (loss) for the period before taxes | 9903 | €13,485 | €2,035 | -€11,450 | -84.9% |
| Income taxes | 67/77 | €4,142 | €673 | -€3,468 | -83.7% |
| Profit (loss) for the period | 9904 | €9,343 | €1,361 | -€7,982 | -85.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,343 | €1,361 | -€7,982 | -85.4% |
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 11 October 2026 via checked.be.