DE WITTE VLEUGEL: 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 VLEUGEL
Largest movements
- Tangible fixed assets -€9,206
down €9,206 (-10.6%), from €86,869 to €77,662
of which Plant, machinery and equipment: -€5,199
- Deferred charges and accrued income +€3,668
up €3,668 (+2,231%), from €164 to €3,833
- Cash -€2,028
down €2,028 (-33.5%), from €6,063 to €4,034
mainly Debts after one year (-€12,891) and Trade debts (-€4,932)
- Debts after one year -€12,891
down €12,891 (-67.5%), from €19,111 to €6,220
- Trade debts -€4,932
down €4,932 (-17.1%), from €28,827 to €23,895
- Tax, wage and social debts +€4,206
up €4,206 (+22.3%), from €18,846 to €23,052
of which Taxes: +€4,161
- Accrued charges and deferred income +€4,042
up €4,042 (+20.2%), from €19,968 to €24,010
- Other debts +€3,248
up €3,248 (+379%), from €858 to €4,106
- Gross operating margin -€11,975
down €11,975 (-6.0%), from €199,903 to €187,928
- Staff costs +€9,933
up €9,933 (+6.2%), from €160,120 to €170,053
- Financial charges -€2,211
down €2,211 (-44.2%), from €5,008 to €2,797
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 | €105,640 | €98,694 | -€6,946 | -6.6% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €90,169 | €80,962 | -€9,206 | -10.2% |
| Tangible fixed assets | 22/27 | €86,869 | €77,662 | -€9,206 | -10.6% |
| Land and buildings | 22 | €38,740 | €35,780 | -€2,960 | -7.6% |
| Plant, machinery and equipment | 23 | €45,646 | €40,447 | -€5,199 | -11.4% |
| Furniture and vehicles | 24 | €2,483 | €1,435 | -€1,047 | -42.2% |
| Financial fixed assets | 28 | €3,300 | €3,300 | = | 0.0% |
| Current assets | 29/58 | €15,471 | €17,732 | +€2,261 | +14.6% |
| Stocks and contracts in progress | 3 | €9,205 | €9,750 | +€545 | +5.9% |
| Stocks | 30/36 | €9,205 | €9,750 | +€545 | +5.9% |
| Amounts receivable within one year | 40/41 | €39 | €115 | +€76 | +192% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €39 | €115 | +€76 | +192% |
| Cash at bank and in hand | 54/58 | €6,063 | €4,034 | -€2,028 | -33.5% |
| Deferred charges and accrued income | 490/1 | €164 | €3,833 | +€3,668 | +2,231% |
| Total equity and liabilities | 10/49 | €105,640 | €98,694 | -€6,946 | -6.6% |
| Equity | 10/15 | €2,417 | €4,520 | +€2,104 | +87.0% |
| Contributions | 10/11 | €21,000 | €21,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,583 | -€16,480 | +€2,104 | +11.3% |
| Amounts payable | 17/49 | €103,223 | €94,174 | -€9,049 | -8.8% |
| Amounts payable after more than one year | 17 | €19,111 | €6,220 | -€12,891 | -67.5% |
| Financial debts | 170/4 | €19,111 | €6,220 | -€12,891 | -67.5% |
| Amounts payable within one year | 42/48 | €64,144 | €63,944 | -€200 | -0.3% |
| Current portion of amounts payable after more than one year | 42 | €15,614 | €12,891 | -€2,723 | -17.4% |
| Trade debts | 44 | €28,827 | €23,895 | -€4,932 | -17.1% |
| Suppliers | 440/4 | €28,827 | €23,895 | -€4,932 | -17.1% |
| Taxes, remuneration and social security | 45 | €18,846 | €23,052 | +€4,206 | +22.3% |
| Taxes | 450/3 | €1,148 | €5,309 | +€4,161 | +362% |
| Remuneration and social security | 454/9 | €17,698 | €17,743 | +€45 | +0.3% |
| Other amounts payable | 47/48 | €858 | €4,106 | +€3,248 | +379% |
| Accrued charges and deferred income | 492/3 | €19,968 | €24,010 | +€4,042 | +20.2% |
| Remuneration, social security and pensions | 62 | €160,120 | €170,053 | +€9,933 | +6.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,925 | €9,206 | -€1,718 | -15.7% |
| Other operating charges | 640/8 | €3,739 | €3,775 | +€36 | +1.0% |
| Gross operating margin | 9900 | €199,903 | €187,928 | -€11,975 | -6.0% |
| Operating profit (loss) | 9901 | €25,120 | €4,894 | -€20,226 | -80.5% |
| Financial income | 75/76B | - | €7 | +€7 | |
| Recurring financial income | 75 | - | €7 | +€7 | |
| Financial charges | 65/66B | €5,008 | €2,797 | -€2,211 | -44.2% |
| Recurring financial charges | 65 | €5,008 | €2,797 | -€2,211 | -44.2% |
| Profit (loss) for the period before taxes | 9903 | €20,111 | €2,104 | -€18,008 | -89.5% |
| Profit (loss) for the period | 9904 | €20,111 | €2,104 | -€18,008 | -89.5% |
| Profit (loss) for the period to be appropriated | 9905 | €20,111 | €2,104 | -€18,008 | -89.5% |
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 28 October 2026 via checked.be.