De Wouterbron: 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 Wouterbron
Largest movements
- Current investments -€100,000
down €100,000 (-100.0%), from €100,000 to €0
- Cash +€57,246
up €57,246 (+127.8%), from €44,804 to €102,050
mainly Current investments (+€100,000) and Trade debts (+€56,247)
- Tangible fixed assets +€22,226
up €22,226 (+15.8%), from €140,811 to €163,037
of which Furniture and vehicles: +€35,675
- Receivables within one year +€9,043
up €9,043 (+503.0%), from €1,798 to €10,841
of which Other amounts receivable: +€10,260
- Debts after one year -€56,301
down €56,301 (-44.1%), from €127,540 to €71,240
of which Financial debts: -€34,860
- Trade debts +€56,247
up €56,247 (+83.8%), from €67,137 to €123,384
- Profit (loss) carried forward -€17,949
down €17,949 (-213.5%), from -€8,408 to -€26,356
- Current portion of long-term debt +€8,715
up €8,715 (+33.3%), from €26,145 to €34,860
- Gross operating margin -€102,005
down €102,005 (-60.2%), from €169,525 to €67,520
- Staff costs +€7,215
up €7,215 (+16.5%), from €43,763 to €50,978
- Financial charges -€4,901
down €4,901 (-50.9%), from €9,619 to €4,719
- Depreciation +€3,341
up €3,341 (+12.7%), from €26,374 to €29,715
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 | €291,561 | €282,205 | -€9,356 | -3.2% |
| Fixed assets | 21/28 | €140,891 | €164,367 | +€23,476 | +16.7% |
| Tangible fixed assets | 22/27 | €140,811 | €163,037 | +€22,226 | +15.8% |
| Land and buildings | 22 | €52,988 | €45,126 | -€7,862 | -14.8% |
| Plant, machinery and equipment | 23 | €30,049 | €28,114 | -€1,934 | -6.4% |
| Furniture and vehicles | 24 | €28,278 | €63,953 | +€35,675 | +126.2% |
| Other tangible fixed assets | 26 | €29,497 | €25,844 | -€3,653 | -12.4% |
| Financial fixed assets | 28 | €80 | €1,330 | +€1,250 | +1562.5% |
| Current assets | 29/58 | €150,670 | €117,838 | -€32,832 | -21.8% |
| Amounts receivable within one year | 40/41 | €1,798 | €10,841 | +€9,043 | +503.0% |
| Trade receivables | 40 | €1,216 | €0 | -€1,216 | -100.0% |
| Other amounts receivable | 41 | €581 | €10,841 | +€10,260 | +1764.8% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €44,804 | €102,050 | +€57,246 | +127.8% |
| Deferred charges and accrued income | 490/1 | €4,068 | €4,947 | +€879 | +21.6% |
| Total equity and liabilities | 10/49 | €291,561 | €282,205 | -€9,356 | -3.2% |
| Equity | 10/15 | €62,807 | €44,858 | -€17,949 | -28.6% |
| Contributions | 10/11 | €70,000 | €70,000 | = | 0.0% |
| Reserves | 13 | €1,215 | €1,215 | = | 0.0% |
| Distributable reserves | 133 | €1,215 | €1,215 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€8,408 | -€26,356 | -€17,949 | -213.5% |
| Amounts payable | 17/49 | €228,754 | €237,347 | +€8,592 | +3.8% |
| Amounts payable after more than one year | 17 | €127,540 | €71,240 | -€56,301 | -44.1% |
| Financial debts | 170/4 | €34,860 | €0 | -€34,860 | -100.0% |
| Other amounts payable | 178/9 | €92,680 | €71,240 | -€21,441 | -23.1% |
| Amounts payable within one year | 42/48 | €101,214 | €166,107 | +€64,893 | +64.1% |
| Current portion of amounts payable after more than one year | 42 | €26,145 | €34,860 | +€8,715 | +33.3% |
| Trade debts | 44 | €67,137 | €123,384 | +€56,247 | +83.8% |
| Suppliers | 440/4 | €67,137 | €123,384 | +€56,247 | +83.8% |
| Advances received on contracts in progress | 46 | €5,827 | €7,218 | +€1,392 | +23.9% |
| Taxes, remuneration and social security | 45 | €2,105 | €645 | -€1,461 | -69.4% |
| Taxes | 450/3 | €2,105 | €456 | -€1,649 | -78.3% |
| Remuneration and social security | 454/9 | €0 | €189 | +€189 | |
| Remuneration, social security and pensions | 62 | €43,763 | €50,978 | +€7,215 | +16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,374 | €29,715 | +€3,341 | +12.7% |
| Other operating charges | 640/8 | €896 | €1,115 | +€219 | +24.5% |
| Gross operating margin | 9900 | €169,525 | €67,520 | -€102,005 | -60.2% |
| Operating profit (loss) | 9901 | €98,493 | -€14,288 | -€112,781 | |
| Financial income | 75/76B | €21 | €1,495 | +€1,474 | +6936.5% |
| Recurring financial income | 75 | €21 | €1,495 | +€1,474 | +6936.5% |
| Financial charges | 65/66B | €9,619 | €4,719 | -€4,901 | -50.9% |
| Recurring financial charges | 65 | €9,619 | €4,719 | -€4,901 | -50.9% |
| Profit (loss) for the period before taxes | 9903 | €88,895 | -€17,511 | -€106,406 | |
| Income taxes | 67/77 | - | €437 | +€437 | |
| Profit (loss) for the period | 9904 | €88,895 | -€17,949 | -€106,843 | |
| Profit (loss) for the period to be appropriated | 9905 | €88,895 | -€17,949 | -€106,843 |
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.