DE WULLEBEEK: 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 WULLEBEEK
Largest movements
- Cash +€231,364
up €231,364 (+101%), from €228,087 to €459,451
mainly Net result for the year (+€859,783) and Depreciation (+€65,442)
- Financial fixed assets +€189,678
up €189,678 (+14.1%), from €1.3m to €1.5m
- Tangible fixed assets -€65,442
down €65,442 (-4.2%), from €1.6m to €1.5m
of which Land and buildings: -€33,522
- Receivables after one year -€50,000
down €50,000 (-100%), from €50,000 to €0
- Reserves +€859,783
up €859,783 (+199%), from €432,912 to €1.3m
- Other debts -€488,974
down €488,974 (-57.5%), from €850,995 to €362,022
- Debts after one year -€100,000
down €100,000 (-22.2%), from €450,000 to €350,000
- Financial income +€778,332
up €778,332 (+5,094%), from €15,279 to €793,611
- Gross operating margin +€40,560
up €40,560 (+34.9%), from €116,291 to €156,851
- Depreciation +€26,415
up €26,415 (+67.7%), from €39,028 to €65,442
- Taxes +€7,998
up €7,998 (+157%), from €5,084 to €13,082
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 | €3,242,733 | €3,515,126 | +€272,393 | +8.4% |
| Fixed assets | 21/28 | €2,902,931 | €3,027,167 | +€124,236 | +4.3% |
| Tangible fixed assets | 22/27 | €1,555,185 | €1,489,743 | -€65,442 | -4.2% |
| Land and buildings | 22 | €1,400,473 | €1,366,951 | -€33,522 | -2.4% |
| Plant, machinery and equipment | 23 | €3,802 | €3,418 | -€384 | -10.1% |
| Furniture and vehicles | 24 | €150,910 | €119,374 | -€31,537 | -20.9% |
| Financial fixed assets | 28 | €1,347,746 | €1,537,424 | +€189,678 | +14.1% |
| Current assets | 29/58 | €339,802 | €487,959 | +€148,157 | +43.6% |
| Amounts receivable after more than one year | 29 | €50,000 | €0 | -€50,000 | -100% |
| Other amounts receivable | 291 | €50,000 | €0 | -€50,000 | -100% |
| Stocks and contracts in progress | 3 | €17,831 | €17,831 | = | 0.0% |
| Stocks | 30/36 | €17,831 | €17,831 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €39,754 | €7,545 | -€32,209 | -81.0% |
| Trade receivables | 40 | €27,136 | €5,627 | -€21,509 | -79.3% |
| Other amounts receivable | 41 | €12,618 | €1,918 | -€10,700 | -84.8% |
| Cash at bank and in hand | 54/58 | €228,087 | €459,451 | +€231,364 | +101% |
| Deferred charges and accrued income | 490/1 | €4,131 | €3,133 | -€998 | -24.2% |
| Total equity and liabilities | 10/49 | €3,242,733 | €3,515,126 | +€272,393 | +8.4% |
| Equity | 10/15 | €1,932,912 | €2,792,695 | +€859,783 | +44.5% |
| Contributions | 10/11 | €1,500,000 | €1,500,000 | = | 0.0% |
| Reserves | 13 | €432,912 | €1,292,695 | +€859,783 | +199% |
| Distributable reserves | 133 | €432,912 | €1,292,695 | +€859,783 | +199% |
| Amounts payable | 17/49 | €1,309,821 | €722,431 | -€587,390 | -44.8% |
| Amounts payable after more than one year | 17 | €450,000 | €350,000 | -€100,000 | -22.2% |
| Financial debts | 170/4 | €450,000 | €350,000 | -€100,000 | -22.2% |
| Amounts payable within one year | 42/48 | €859,821 | €372,431 | -€487,390 | -56.7% |
| Financial debts | 43 | €716 | €2,311 | +€1,595 | +223% |
| Credit institutions | 430/8 | €716 | €2,311 | +€1,595 | +223% |
| Trade debts | 44 | €8,026 | €592 | -€7,434 | -92.6% |
| Suppliers | 440/4 | €8,026 | €592 | -€7,434 | -92.6% |
| Taxes, remuneration and social security | 45 | €84 | €7,506 | +€7,422 | +8,831% |
| Taxes | 450/3 | €84 | €7,506 | +€7,422 | +8,831% |
| Other amounts payable | 47/48 | €850,995 | €362,022 | -€488,974 | -57.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,028 | €65,442 | +€26,415 | +67.7% |
| Other operating charges | 640/8 | €13,404 | €11,985 | -€1,418 | -10.6% |
| Gross operating margin | 9900 | €116,291 | €156,851 | +€40,560 | +34.9% |
| Operating profit (loss) | 9901 | €63,860 | €79,423 | +€15,563 | +24.4% |
| Financial income | 75/76B | €15,279 | €793,611 | +€778,332 | +5,094% |
| Recurring financial income | 75 | €15,279 | €793,611 | +€778,332 | +5,094% |
| Financial charges | 65/66B | €155 | €169 | +€14 | +8.9% |
| Recurring financial charges | 65 | €155 | €169 | +€14 | +8.9% |
| Profit (loss) for the period before taxes | 9903 | €78,984 | €872,865 | +€793,881 | +1,005% |
| Income taxes | 67/77 | €5,084 | €13,082 | +€7,998 | +157% |
| Profit (loss) for the period | 9904 | €73,900 | €859,783 | +€785,884 | +1,063% |
| Profit (loss) for the period to be appropriated | 9905 | €73,900 | €859,783 | +€785,884 | +1,063% |
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 15 October 2026 via checked.be.