DR M WUYTS: what changed
DR M WUYTS
Largest movements
- Cash -€88,277
down €88,277 (-66.4%), from €132,869 to €44,592
mainly Other debts (-€84,848) and Tax, wage and social debts (-€11,930)
- Receivables within one year +€5,795
up €5,795 (+140%), from €4,142 to €9,937
of which Other amounts receivable: +€5,514
- Tangible fixed assets +€2,717
up €2,717 (+22.5%), from €12,098 to €14,815
of which Plant, machinery and equipment: +€1,616
- Other debts -€84,848
no longer reported in 2025 (was €84,848)
- Trade debts +€16,155
up €16,155 (+9,284%), from €174 to €16,329
- Tax, wage and social debts -€11,930
down €11,930 (-76.4%), from €15,624 to €3,694
of which Taxes: -€14,430
- Gross operating margin -€74,337
down €74,337 (-90.8%), from €81,857 to €7,520
- Taxes -€15,365
down €15,365 (-96.9%), from €15,851 to €486
- Financial charges +€2,352
up €2,352 (+259%), from €907 to €3,259
- Depreciation +€1,159
up €1,159 (+42.8%), from €2,706 to €3,865
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €152,317 | €72,614 | -€79,703 | -52.3% |
| Fixed assets | 21/28 | €12,098 | €14,815 | +€2,717 | +22.5% |
| Tangible fixed assets | 22/27 | €12,098 | €14,815 | +€2,717 | +22.5% |
| Plant, machinery and equipment | 23 | €11,443 | €13,059 | +€1,616 | +14.1% |
| Furniture and vehicles | 24 | €655 | €1,756 | +€1,101 | +168% |
| Current assets | 29/58 | €140,219 | €57,799 | -€82,420 | -58.8% |
| Amounts receivable within one year | 40/41 | €4,142 | €9,937 | +€5,795 | +140% |
| Trade receivables | 40 | €4,142 | €4,423 | +€281 | +6.8% |
| Other amounts receivable | 41 | - | €5,514 | +€5,514 | |
| Cash at bank and in hand | 54/58 | €132,869 | €44,592 | -€88,277 | -66.4% |
| Deferred charges and accrued income | 490/1 | €3,208 | €3,270 | +€62 | +1.9% |
| Total equity and liabilities | 10/49 | €152,317 | €72,614 | -€79,703 | -52.3% |
| Equity | 10/15 | €50,771 | €50,281 | -€490 | -1.0% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €44,771 | €44,771 | = | 0.0% |
| Distributable reserves | 133 | €44,771 | €44,771 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€490 | -€490 | |
| Amounts payable | 17/49 | €101,546 | €22,333 | -€79,213 | -78.0% |
| Amounts payable within one year | 42/48 | €100,646 | €20,023 | -€80,623 | -80.1% |
| Trade debts | 44 | €174 | €16,329 | +€16,155 | +9,284% |
| Suppliers | 440/4 | €174 | €16,329 | +€16,155 | +9,284% |
| Taxes, remuneration and social security | 45 | €15,624 | €3,694 | -€11,930 | -76.4% |
| Taxes | 450/3 | €15,624 | €1,194 | -€14,430 | -92.4% |
| Remuneration and social security | 454/9 | - | €2,500 | +€2,500 | |
| Other amounts payable | 47/48 | €84,848 | - | -€84,848 | |
| Accrued charges and deferred income | 492/3 | €900 | €2,310 | +€1,410 | +157% |
| Non-recurring operating income | 76A | - | €3,683 | +€3,683 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,706 | €3,865 | +€1,159 | +42.8% |
| Other operating charges | 640/8 | €387 | €400 | +€13 | +3.4% |
| Gross operating margin | 9900 | €81,857 | €7,520 | -€74,337 | -90.8% |
| Operating profit (loss) | 9901 | €78,764 | €3,255 | -€75,509 | -95.9% |
| Financial charges | 65/66B | €907 | €3,259 | +€2,352 | +259% |
| Recurring financial charges | 65 | €907 | €3,259 | +€2,352 | +259% |
| Profit (loss) for the period before taxes | 9903 | €77,857 | -€4 | -€77,861 | |
| Income taxes | 67/77 | €15,851 | €486 | -€15,365 | -96.9% |
| Profit (loss) for the period | 9904 | €62,006 | -€490 | -€62,496 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,006 | -€490 | -€62,496 |
Next steps
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.