De Witte Pieter: 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 Pieter
Largest movements
- Tangible fixed assets +€18,978
up €18,978 (+126%), from €15,003 to €33,981
of which Furniture and vehicles: +€20,604
- Cash +€17,584
up €17,584 (+58.5%), from €30,056 to €47,640
mainly Net result for the year (+€45,211) and Depreciation (+€9,199)
- Stocks and contracts +€8,754
up €8,754 (+175%), from €5,000 to €13,754
- Receivables within one year -€7,987
down €7,987 (-48.5%), from €16,456 to €8,468
- Profit (loss) carried forward +€45,211
up €45,211 (+180%), from €25,179 to €70,390
- Other debts -€7,137
down €7,137 (-23.9%), from €29,845 to €22,708
- Tax, wage and social debts +€2,357
up €2,357 (+36.7%), from €6,414 to €8,771
- Trade debts -€2,229
down €2,229 (-76.5%), from €2,913 to €683
- Gross operating margin +€29,394
up €29,394 (+83.1%), from €35,367 to €64,761
- Taxes +€5,322
up €5,322 (+81.6%), from €6,517 to €11,839
- Depreciation +€5,072
up €5,072 (+123%), from €4,127 to €9,199
- Financial income +€1,020
up €1,020 (+165%), from €620 to €1,640
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 | €66,851 | €105,052 | +€38,201 | +57.1% |
| Fixed assets | 21/28 | €15,003 | €33,981 | +€18,978 | +126% |
| Tangible fixed assets | 22/27 | €15,003 | €33,981 | +€18,978 | +126% |
| Plant, machinery and equipment | 23 | €6,868 | €5,242 | -€1,626 | -23.7% |
| Furniture and vehicles | 24 | €8,135 | €28,739 | +€20,604 | +253% |
| Current assets | 29/58 | €51,848 | €71,071 | +€19,223 | +37.1% |
| Stocks and contracts in progress | 3 | €5,000 | €13,754 | +€8,754 | +175% |
| Stocks | 30/36 | €5,000 | €13,754 | +€8,754 | +175% |
| Amounts receivable within one year | 40/41 | €16,456 | €8,468 | -€7,987 | -48.5% |
| Trade receivables | 40 | €16,456 | €8,468 | -€7,987 | -48.5% |
| Cash at bank and in hand | 54/58 | €30,056 | €47,640 | +€17,584 | +58.5% |
| Deferred charges and accrued income | 490/1 | €336 | €1,208 | +€872 | +259% |
| Total equity and liabilities | 10/49 | €66,851 | €105,052 | +€38,201 | +57.1% |
| Equity | 10/15 | €27,679 | €72,890 | +€45,211 | +163% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Contributions outside capital | 11 | €2,500 | €2,500 | = | 0.0% |
| Share premium | 1100/10 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,179 | €70,390 | +€45,211 | +180% |
| Amounts payable | 17/49 | €39,172 | €32,162 | -€7,010 | -17.9% |
| Amounts payable within one year | 42/48 | €39,172 | €32,162 | -€7,010 | -17.9% |
| Trade debts | 44 | €2,913 | €683 | -€2,229 | -76.5% |
| Suppliers | 440/4 | €2,913 | €683 | -€2,229 | -76.5% |
| Taxes, remuneration and social security | 45 | €6,414 | €8,771 | +€2,357 | +36.7% |
| Taxes | 450/3 | €6,414 | €8,771 | +€2,357 | +36.7% |
| Other amounts payable | 47/48 | €29,845 | €22,708 | -€7,137 | -23.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,127 | €9,199 | +€5,072 | +123% |
| Other operating charges | 640/8 | €118 | €123 | +€5 | +4.0% |
| Gross operating margin | 9900 | €35,367 | €64,761 | +€29,394 | +83.1% |
| Operating profit (loss) | 9901 | €31,123 | €55,439 | +€24,317 | +78.1% |
| Financial income | 75/76B | €620 | €1,640 | +€1,020 | +165% |
| Recurring financial income | 75 | €620 | €1,640 | +€1,020 | +165% |
| Financial charges | 65/66B | €46 | €29 | -€17 | -36.0% |
| Recurring financial charges | 65 | €46 | €29 | -€17 | -36.0% |
| Profit (loss) for the period before taxes | 9903 | €31,697 | €57,050 | +€25,353 | +80.0% |
| Income taxes | 67/77 | €6,517 | €11,839 | +€5,322 | +81.6% |
| Profit (loss) for the period | 9904 | €25,179 | €45,211 | +€20,032 | +79.6% |
| Profit (loss) for the period to be appropriated | 9905 | €25,179 | €45,211 | +€20,032 | +79.6% |
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 30 October 2026 via checked.be.