De Wree: 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 Wree
Largest movements
- Financial fixed assets +€213,000
up €213,000 (+142,000%), from €150 to €213,150
- Receivables within one year -€41,197
down €41,197 (-58.7%), from €70,228 to €29,030
of which Trade receivables: -€48,400
- Current investments -€16,552
down €16,552 (-32.2%), from €51,463 to €34,911
- Cash -€16,281
down €16,281 (-26.4%), from €61,699 to €45,417
mainly Investment in fixed assets (net) (-€213,000) and Contributions, distributions and other (-€80,000)
- Tangible fixed assets -€10,612
down €10,612 (-42.1%), from €25,230 to €14,618
- Reserves +€161,018
up €161,018 (+218%), from €73,855 to €234,873
- Tax, wage and social debts -€22,534
down €22,534 (-58.4%), from €38,581 to €16,046
of which Taxes: -€20,414
- Trade debts -€10,076
down €10,076 (-87.8%), from €11,482 to €1,406
- Other debts +€9,942
up €9,942 (+14.4%), from €69,230 to €79,172
- Current portion of long-term debt -€7,013
down €7,013 (-66.4%), from €10,560 to €3,547
- Financial income +€209,844
up €209,844 (+33,426%), from €628 to €210,472
- Gross operating margin -€38,340
down €38,340 (-43.3%), from €88,628 to €50,288
- Taxes -€8,365
down €8,365 (-50.8%), from €16,482 to €8,117
- Financial charges -€966
down €966 (-71.8%), from €1,346 to €379
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 | €209,754 | €337,544 | +€127,790 | +60.9% |
| Fixed assets | 21/28 | €25,380 | €227,768 | +€202,388 | +797% |
| Tangible fixed assets | 22/27 | €25,230 | €14,618 | -€10,612 | -42.1% |
| Furniture and vehicles | 24 | €25,230 | €14,618 | -€10,612 | -42.1% |
| Financial fixed assets | 28 | €150 | €213,150 | +€213,000 | +142,000% |
| Current assets | 29/58 | €184,375 | €109,776 | -€74,598 | -40.5% |
| Amounts receivable within one year | 40/41 | €70,228 | €29,030 | -€41,197 | -58.7% |
| Trade receivables | 40 | €60,228 | €11,828 | -€48,400 | -80.4% |
| Other amounts receivable | 41 | €10,000 | €17,203 | +€7,203 | +72.0% |
| Current investments | 50/53 | €51,463 | €34,911 | -€16,552 | -32.2% |
| Cash at bank and in hand | 54/58 | €61,699 | €45,417 | -€16,281 | -26.4% |
| Deferred charges and accrued income | 490/1 | €985 | €418 | -€567 | -57.6% |
| Total equity and liabilities | 10/49 | €209,754 | €337,544 | +€127,790 | +60.9% |
| Equity | 10/15 | €76,355 | €237,373 | +€161,018 | +211% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €73,855 | €234,873 | +€161,018 | +218% |
| Distributable reserves | 133 | €73,855 | €234,873 | +€161,018 | +218% |
| Amounts payable | 17/49 | €133,400 | €100,171 | -€33,228 | -24.9% |
| Amounts payable after more than one year | 17 | €3,547 | - | -€3,547 | |
| Financial debts | 170/4 | €3,547 | - | -€3,547 | |
| Amounts payable within one year | 42/48 | €129,852 | €100,171 | -€29,681 | -22.9% |
| Current portion of amounts payable after more than one year | 42 | €10,560 | €3,547 | -€7,013 | -66.4% |
| Trade debts | 44 | €11,482 | €1,406 | -€10,076 | -87.8% |
| Suppliers | 440/4 | €11,482 | €1,406 | -€10,076 | -87.8% |
| Taxes, remuneration and social security | 45 | €38,581 | €16,046 | -€22,534 | -58.4% |
| Taxes | 450/3 | €36,461 | €16,046 | -€20,414 | -56.0% |
| Remuneration and social security | 454/9 | €2,120 | - | -€2,120 | |
| Other amounts payable | 47/48 | €69,230 | €79,172 | +€9,942 | +14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,022 | €10,612 | +€590 | +5.9% |
| Other operating charges | 640/8 | €616 | €634 | +€18 | +2.9% |
| Gross operating margin | 9900 | €88,628 | €50,288 | -€38,340 | -43.3% |
| Operating profit (loss) | 9901 | €77,990 | €39,043 | -€38,948 | -49.9% |
| Financial income | 75/76B | €628 | €210,472 | +€209,844 | +33,426% |
| Recurring financial income | 75 | €628 | €210,472 | +€209,844 | +33,426% |
| Financial charges | 65/66B | €1,346 | €379 | -€966 | -71.8% |
| Recurring financial charges | 65 | €1,346 | €379 | -€966 | -71.8% |
| Profit (loss) for the period before taxes | 9903 | €77,273 | €249,135 | +€171,863 | +222% |
| Income taxes | 67/77 | €16,482 | €8,117 | -€8,365 | -50.8% |
| Profit (loss) for the period | 9904 | €60,791 | €241,018 | +€180,227 | +296% |
| Profit (loss) for the period to be appropriated | 9905 | €60,791 | €241,018 | +€180,227 | +296% |
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 14 October 2026 via checked.be.