Dr FLORIANE WOITRIN: 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.
Dr FLORIANE WOITRIN
Largest movements
- Tangible fixed assets -€11,903
down €11,903 (-52.4%), from €22,717 to €10,814
of which Furniture and vehicles: -€10,532
- Receivables within one year -€3,711
down €3,711 (-8.2%), from €45,526 to €41,815
of which Other amounts receivable: -€3,425
- Reserves -€50,000
no longer reported in 2025 (was €50,000)
- Other debts +€31,780
up €31,780 (+85.9%), from €37,000 to €68,780
- Profit (loss) carried forward +€14,772
up €14,772 (+99,741%), from €15 to €14,786
- Current portion of long-term debt -€6,386
down €6,386 (-66.3%), from €9,631 to €3,245
- Debts after one year -€3,245
no longer reported in 2025 (was €3,245)
- Gross operating margin -€7,969
down €7,969 (-13.5%), from €59,082 to €51,113
- Taxes -€1,922
down €1,922 (-19.6%), from €9,789 to €7,867
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 | €121,043 | €107,129 | -€13,914 | -11.5% |
| Fixed assets | 21/28 | €45,138 | €33,870 | -€11,268 | -25.0% |
| Tangible fixed assets | 22/27 | €22,717 | €10,814 | -€11,903 | -52.4% |
| Land and buildings | 22 | €5,762 | €4,596 | -€1,166 | -20.2% |
| Plant, machinery and equipment | 23 | €1,879 | €1,674 | -€206 | -10.9% |
| Furniture and vehicles | 24 | €15,076 | €4,544 | -€10,532 | -69.9% |
| Financial fixed assets | 28 | €22,421 | €23,056 | +€635 | +2.8% |
| Current assets | 29/58 | €75,905 | €73,259 | -€2,646 | -3.5% |
| Amounts receivable within one year | 40/41 | €45,526 | €41,815 | -€3,711 | -8.2% |
| Trade receivables | 40 | €10,270 | €9,984 | -€286 | -2.8% |
| Other amounts receivable | 41 | €35,257 | €31,831 | -€3,425 | -9.7% |
| Cash at bank and in hand | 54/58 | €28,667 | €29,638 | +€971 | +3.4% |
| Deferred charges and accrued income | 490/1 | €1,711 | €1,806 | +€94 | +5.5% |
| Total equity and liabilities | 10/49 | €121,043 | €107,129 | -€13,914 | -11.5% |
| Equity | 10/15 | €70,015 | €34,786 | -€35,228 | -50.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €50,000 | - | -€50,000 | |
| Distributable reserves | 133 | €50,000 | - | -€50,000 | |
| Profit (loss) carried forward | 14 | €15 | €14,786 | +€14,772 | +99,741% |
| Amounts payable | 17/49 | €51,028 | €72,342 | +€21,314 | +41.8% |
| Amounts payable after more than one year | 17 | €3,245 | - | -€3,245 | |
| Financial debts | 170/4 | €3,245 | - | -€3,245 | |
| Amounts payable within one year | 42/48 | €47,783 | €72,342 | +€24,559 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €9,631 | €3,245 | -€6,386 | -66.3% |
| Trade debts | 44 | €967 | €127 | -€840 | -86.9% |
| Suppliers | 440/4 | €967 | €127 | -€840 | -86.9% |
| Taxes, remuneration and social security | 45 | €185 | €191 | +€5 | +2.8% |
| Taxes | 450/3 | €185 | €191 | +€5 | +2.8% |
| Other amounts payable | 47/48 | €37,000 | €68,780 | +€31,780 | +85.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,117 | €11,903 | -€214 | -1.8% |
| Other operating charges | 640/8 | €737 | €760 | +€24 | +3.2% |
| Gross operating margin | 9900 | €59,082 | €51,113 | -€7,969 | -13.5% |
| Operating profit (loss) | 9901 | €46,229 | €38,450 | -€7,779 | -16.8% |
| Financial income | 75/76B | €762 | €449 | -€313 | -41.1% |
| Recurring financial income | 75 | €762 | €449 | -€313 | -41.1% |
| Financial charges | 65/66B | €429 | €260 | -€169 | -39.4% |
| Recurring financial charges | 65 | €429 | €260 | -€169 | -39.4% |
| Profit (loss) for the period before taxes | 9903 | €46,562 | €38,638 | -€7,923 | -17.0% |
| Income taxes | 67/77 | €9,789 | €7,867 | -€1,922 | -19.6% |
| Profit (loss) for the period | 9904 | €36,773 | €30,772 | -€6,001 | -16.3% |
| Profit (loss) for the period to be appropriated | 9905 | €36,773 | €30,772 | -€6,001 | -16.3% |
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 31 October 2026 via checked.be.