DE WOLK: what changed
Two fiscal 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 WOLK
Largest movements
- Tangible fixed assets +€36,109
up €36,109 (+57.2%), from €63,168 to €99,278
of which Other tangible fixed assets: +€28,600
- Cash +€17,504
up €17,504 (+9.8%), from €178,947 to €196,451
mainly Net result for the year (+€38,237) and Depreciation (+€23,103)
- Receivables within one year +€9,963
up €9,963 (+66.5%), from €14,978 to €24,941
of which Other amounts receivable: +€16,373
- Reserves +€22,237
up €22,237 (+10.5%), from €212,426 to €234,663
of which Distributable reserves: +€22,237
- Other debts +€16,048
up €16,048 (+358.0%), from €4,483 to €20,530
- Debts after one year +€15,266
new in 2025: €15,266
- Current portion of long-term debt +€4,734
new in 2025: €4,734
- Trade debts +€3,327
up €3,327 (+37.4%), from €8,893 to €12,219
- Staff costs +€13,055
up €13,055 (+44.2%), from €29,555 to €42,611
- Taxes -€4,059
down €4,059 (-17.6%), from €23,092 to €19,033
- Gross operating margin +€3,342
up €3,342 (+2.6%), from €127,960 to €131,301
- Other operating charges +€2,741
up €2,741 (+82.2%), from €3,334 to €6,075
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 | €263,328 | €326,199 | +€62,872 | +23.9% |
| Fixed assets | 21/28 | €65,739 | €101,848 | +€36,109 | +54.9% |
| Tangible fixed assets | 22/27 | €63,168 | €99,278 | +€36,109 | +57.2% |
| Plant, machinery and equipment | 23 | €8,992 | €4,077 | -€4,916 | -54.7% |
| Furniture and vehicles | 24 | €26,809 | €39,234 | +€12,425 | +46.3% |
| Other tangible fixed assets | 26 | €27,367 | €55,967 | +€28,600 | +104.5% |
| Financial fixed assets | 28 | €2,570 | €2,570 | = | 0.0% |
| Current assets | 29/58 | €197,589 | €224,352 | +€26,763 | +13.5% |
| Stocks and contracts in progress | 3 | €1,840 | €2,250 | +€410 | +22.3% |
| Stocks | 30/36 | €1,840 | €2,250 | +€410 | +22.3% |
| Amounts receivable within one year | 40/41 | €14,978 | €24,941 | +€9,963 | +66.5% |
| Trade receivables | 40 | €7,974 | €1,563 | -€6,410 | -80.4% |
| Other amounts receivable | 41 | €7,004 | €23,378 | +€16,373 | +233.8% |
| Cash at bank and in hand | 54/58 | €178,947 | €196,451 | +€17,504 | +9.8% |
| Deferred charges and accrued income | 490/1 | €1,824 | €709 | -€1,115 | -61.1% |
| Total equity and liabilities | 10/49 | €263,328 | €326,199 | +€62,872 | +23.9% |
| Equity | 10/15 | €231,166 | €253,403 | +€22,237 | +9.6% |
| Contributions | 10/11 | €18,740 | €18,740 | = | 0.0% |
| Reserves | 13 | €212,426 | €234,663 | +€22,237 | +10.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €212,426 | €234,663 | +€22,237 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €32,162 | €72,797 | +€40,635 | +126.3% |
| Amounts payable after more than one year | 17 | - | €15,266 | +€15,266 | |
| Financial debts | 170/4 | - | €15,266 | +€15,266 | |
| Amounts payable within one year | 42/48 | €31,189 | €57,502 | +€26,313 | +84.4% |
| Current portion of amounts payable after more than one year | 42 | - | €4,734 | +€4,734 | |
| Trade debts | 44 | €8,893 | €12,219 | +€3,327 | +37.4% |
| Suppliers | 440/4 | €8,893 | €12,219 | +€3,327 | +37.4% |
| Taxes, remuneration and social security | 45 | €17,813 | €20,018 | +€2,204 | +12.4% |
| Taxes | 450/3 | €14,545 | €9,254 | -€5,291 | -36.4% |
| Remuneration and social security | 454/9 | €3,269 | €10,764 | +€7,495 | +229.3% |
| Other amounts payable | 47/48 | €4,483 | €20,530 | +€16,048 | +358.0% |
| Accrued charges and deferred income | 492/3 | €973 | €29 | -€944 | -97.0% |
| Non-recurring operating income | 76A | - | €264 | +€264 | |
| Remuneration, social security and pensions | 62 | €29,555 | €42,611 | +€13,055 | +44.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,359 | €23,103 | -€256 | -1.1% |
| Other operating charges | 640/8 | €3,334 | €6,075 | +€2,741 | +82.2% |
| Non-recurring operating charges | 66A | - | €184 | +€184 | |
| Gross operating margin | 9900 | €127,960 | €131,301 | +€3,342 | +2.6% |
| Operating profit (loss) | 9901 | €71,710 | €59,328 | -€12,382 | -17.3% |
| Financial income | 75/76B | €355 | €1,452 | +€1,097 | +309.0% |
| Recurring financial income | 75 | €355 | €1,452 | +€1,097 | +309.0% |
| Financial charges | 65/66B | €2,922 | €3,510 | +€587 | +20.1% |
| Recurring financial charges | 65 | €2,922 | €3,510 | +€587 | +20.1% |
| Profit (loss) for the period before taxes | 9903 | €69,143 | €57,270 | -€11,873 | -17.2% |
| Income taxes | 67/77 | €23,092 | €19,033 | -€4,059 | -17.6% |
| Profit (loss) for the period | 9904 | €46,051 | €38,237 | -€7,814 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €46,051 | €38,237 | -€7,814 | -17.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.