DE WULF - MOUTON: what changed
What changed
DE WULF - MOUTON
NACE 86.951, Physiotherapy
filed annual accounts (NBB)
Net result for the year
€44,017
2024 · €41,251+€2,766
Equity
€191,075
2024 · €147,058+€44,017
Cash
€50,875
2024 · €12,315+€38,561
Balance sheet total
€1.3m
2024 · €1.3m-€5,439
Largest movements
Assets
- Tangible fixed assets -€43,613
down €43,613 (-3.4%), from €1.3m to €1.3m
of which Land and buildings: -€41,202
- Cash +€38,561
up €38,561 (+313%), from €12,315 to €50,875
mainly Depreciation (+€52,479) and Net result for the year (+€44,017)
Equity and liabilities
- Debts after one year -€49,891
down €49,891 (-7.0%), from €712,136 to €662,245
- Reserves +€44,017
up €44,017 (+32.1%), from €137,058 to €181,075
Income statement
- Gross operating margin +€14,181
up €14,181 (+11.9%), from €119,156 to €133,337
- Other operating charges +€4,960
up €4,960 (+386%), from €1,286 to €6,246
- Depreciation +€3,177
up €3,177 (+6.4%), from €49,302 to €52,479
- Taxes +€1,930
up €1,930 (+13.0%), from €14,796 to €16,726
- Financial charges +€1,347
up €1,347 (+10.8%), from €12,521 to €13,868
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€41,251
Gross operating margin
+€14,181
Depreciation
-€3,177
Other operating charges
-€4,960
Financial charges
-€1,347
Taxes
-€1,930
Result 2025
€44,017
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€96,242
Investment
-€8,866
Financing
-€48,815
Cash 2024
€12,315
From operations (derived)
+€96,242
Net result for the year
+€44,017
Depreciation
+€52,479
Receivables within one year
-€161
Deferred charges and accrued income
+€548
Trade debts
+€383
Tax, wage and social debts
+€4,003
Other debts
-€5,028
Investment (derived)
-€8,866
Investment in fixed assets (net)
-€8,866
Financing
-€48,815
Debts after one year
-€49,891
Current portion of long-term debt
+€1,077
Cash 2025
€50,875
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,323,348 | €1,317,909 | -€5,439 | -0.4% |
| Fixed assets | 21/28 | €1,294,797 | €1,251,185 | -€43,613 | -3.4% |
| Tangible fixed assets | 22/27 | €1,294,413 | €1,250,801 | -€43,613 | -3.4% |
| Land and buildings | 22 | €1,284,715 | €1,243,513 | -€41,202 | -3.2% |
| Plant, machinery and equipment | 23 | €5,872 | €2,149 | -€3,723 | -63.4% |
| Furniture and vehicles | 24 | €3,826 | €5,139 | +€1,312 | +34.3% |
| Financial fixed assets | 28 | €384 | €384 | = | 0.0% |
| Current assets | 29/58 | €28,551 | €66,724 | +€38,173 | +134% |
| Amounts receivable within one year | 40/41 | €14,299 | €14,460 | +€161 | +1.1% |
| Trade receivables | 40 | €11,194 | €3,400 | -€7,794 | -69.6% |
| Other amounts receivable | 41 | €3,105 | €11,060 | +€7,955 | +256% |
| Cash at bank and in hand | 54/58 | €12,315 | €50,875 | +€38,561 | +313% |
| Deferred charges and accrued income | 490/1 | €1,937 | €1,389 | -€548 | -28.3% |
| Total equity and liabilities | 10/49 | €1,323,348 | €1,317,909 | -€5,439 | -0.4% |
| Equity | 10/15 | €147,058 | €191,075 | +€44,017 | +29.9% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €137,058 | €181,075 | +€44,017 | +32.1% |
| Distributable reserves | 133 | €137,058 | €181,075 | +€44,017 | +32.1% |
| Amounts payable | 17/49 | €1,176,291 | €1,126,834 | -€49,457 | -4.2% |
| Amounts payable after more than one year | 17 | €712,136 | €662,245 | -€49,891 | -7.0% |
| Financial debts | 170/4 | €712,136 | €662,245 | -€49,891 | -7.0% |
| Amounts payable within one year | 42/48 | €464,155 | €464,589 | +€434 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €48,815 | €49,891 | +€1,077 | +2.2% |
| Trade debts | 44 | €927 | €1,310 | +€383 | +41.4% |
| Suppliers | 440/4 | €927 | €1,310 | +€383 | +41.4% |
| Taxes, remuneration and social security | 45 | €2,796 | €6,799 | +€4,003 | +143% |
| Taxes | 450/3 | €1,796 | €5,799 | +€4,003 | +223% |
| Remuneration and social security | 454/9 | €1,000 | €1,000 | = | 0.0% |
| Other amounts payable | 47/48 | €411,618 | €406,589 | -€5,028 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,302 | €52,479 | +€3,177 | +6.4% |
| Other operating charges | 640/8 | €1,286 | €6,246 | +€4,960 | +386% |
| Gross operating margin | 9900 | €119,156 | €133,337 | +€14,181 | +11.9% |
| Operating profit (loss) | 9901 | €68,568 | €74,611 | +€6,044 | +8.8% |
| Financial charges | 65/66B | €12,521 | €13,868 | +€1,347 | +10.8% |
| Recurring financial charges | 65 | €12,521 | €13,868 | +€1,347 | +10.8% |
| Profit (loss) for the period before taxes | 9903 | €56,047 | €60,743 | +€4,697 | +8.4% |
| Income taxes | 67/77 | €14,796 | €16,726 | +€1,930 | +13.0% |
| Profit (loss) for the period | 9904 | €41,251 | €44,017 | +€2,766 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €41,251 | €44,017 | +€2,766 | +6.7% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.