DE WULVEPUT: 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 WULVEPUT
Largest movements
- Cash +€4,388
up €4,388 (+3.7%), from €118,216 to €122,604
mainly Short-term financial debts (+€47,111) and Receivables within one year (+€915)
- Reserves -€73,673
no longer reported in 2024 (was €73,673)
- Short-term financial debts +€47,111
up €47,111 (+203.9%), from €23,101 to €70,212
- Profit (loss) carried forward +€39,065
up €39,065 (+15.2%), from -€256,352 to -€217,287
- Trade debts -€9,102
down €9,102 (-7.1%), from €128,799 to €119,697
- Gross operating margin +€170,727
up €170,727 (+85.8%), from -€198,906 to -€28,178
- Depreciation -€4,165
no longer reported in 2024 (was €4,165)
- Financial charges +€2,042
up €2,042 (+67.1%), from €3,045 to €5,088
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €119,221 | €122,693 | +€3,473 | +2.9% |
| Current assets | 29/58 | €119,221 | €122,693 | +€3,473 | +2.9% |
| Amounts receivable within one year | 40/41 | €1,004 | €89 | -€915 | -91.1% |
| Other amounts receivable | 41 | €1,004 | €89 | -€915 | -91.1% |
| Cash at bank and in hand | 54/58 | €118,216 | €122,604 | +€4,388 | +3.7% |
| Total equity and liabilities | 10/49 | €119,221 | €122,693 | +€3,473 | +2.9% |
| Equity | 10/15 | -€32,679 | -€67,287 | -€34,608 | -105.9% |
| Contributions | 10/11 | €150,000 | €150,000 | = | 0.0% |
| Reserves | 13 | €73,673 | - | -€73,673 | |
| Distributable reserves | 133 | €73,673 | - | -€73,673 | |
| Profit (loss) carried forward | 14 | -€256,352 | -€217,287 | +€39,065 | +15.2% |
| Amounts payable | 17/49 | €151,900 | €189,980 | +€38,081 | +25.1% |
| Amounts payable within one year | 42/48 | €151,900 | €189,980 | +€38,081 | +25.1% |
| Financial debts | 43 | €23,101 | €70,212 | +€47,111 | +203.9% |
| Credit institutions | 430/8 | €23,101 | €70,212 | +€47,111 | +203.9% |
| Trade debts | 44 | €128,799 | €119,697 | -€9,102 | -7.1% |
| Suppliers | 440/4 | €128,799 | €119,697 | -€9,102 | -7.1% |
| Taxes, remuneration and social security | 45 | - | €71 | +€71 | |
| Taxes | 450/3 | - | €71 | +€71 | |
| Non-recurring operating income | 76A | €16,650 | - | -€16,650 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,165 | - | -€4,165 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€576 | - | +€576 | |
| Other operating charges | 640/8 | €1,025 | €1,271 | +€246 | +24.0% |
| Non-recurring operating charges | 66A | €68,364 | - | -€68,364 | |
| Gross operating margin | 9900 | -€198,906 | -€28,178 | +€170,727 | +85.8% |
| Operating profit (loss) | 9901 | -€271,883 | -€29,449 | +€242,434 | +89.2% |
| Financial income | 75/76B | €505 | - | -€505 | |
| Recurring financial income | 75 | €505 | - | -€505 | |
| Financial charges | 65/66B | €3,045 | €5,088 | +€2,042 | +67.1% |
| Recurring financial charges | 65 | €3,045 | €5,088 | +€2,042 | +67.1% |
| Profit (loss) for the period before taxes | 9903 | -€274,424 | -€34,537 | +€239,887 | +87.4% |
| Income taxes | 67/77 | - | €71 | +€71 | |
| Profit (loss) for the period | 9904 | -€274,424 | -€34,608 | +€239,816 | +87.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€274,424 | -€34,608 | +€239,816 | +87.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.