Eddy Van Wonterghem: 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.
Eddy Van Wonterghem
Largest movements
- Cash +€288,848
up €288,848 (+120%), from €241,334 to €530,182
mainly Receivables within one year (+€105,437) and Depreciation (+€84,772)
- Tangible fixed assets -€107,011
down €107,011 (-30.6%), from €350,267 to €243,255
of which Land and buildings: -€57,176
- Receivables within one year -€105,437
down €105,437 (-75.6%), from €139,499 to €34,062
of which Trade receivables: -€130,939
- Deferred charges and accrued income -€58,339
down €58,339 (-77.9%), from €74,933 to €16,594
- Stocks and contracts -€20,448
down €20,448 (-97.9%), from €20,889 to €441
- Reserves +€75,164
up €75,164 (+18.2%), from €413,125 to €488,289
of which Distributable reserves: +€75,164
- Tax, wage and social debts -€47,311
down €47,311 (-70.7%), from €66,898 to €19,587
of which Taxes: -€27,780
- Trade debts -€24,056
down €24,056 (-61.3%), from €39,219 to €15,163
- Gross operating margin -€147,982
down €147,982 (-25.6%), from €578,441 to €430,459
- Staff costs -€96,926
down €96,926 (-43.5%), from €222,609 to €125,683
- Other operating charges +€73,712
up €73,712 (+693%), from €10,631 to €84,343
- Taxes -€16,916
down €16,916 (-22.4%), from €75,583 to €58,667
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 | €827,242 | €824,854 | -€2,388 | -0.3% |
| Fixed assets | 21/28 | €350,587 | €243,575 | -€107,011 | -30.5% |
| Tangible fixed assets | 22/27 | €350,267 | €243,255 | -€107,011 | -30.6% |
| Land and buildings | 22 | €234,111 | €176,935 | -€57,176 | -24.4% |
| Plant, machinery and equipment | 23 | €49,581 | €34,681 | -€14,900 | -30.1% |
| Furniture and vehicles | 24 | €66,575 | €31,640 | -€34,935 | -52.5% |
| Financial fixed assets | 28 | €320 | €320 | = | 0.0% |
| Current assets | 29/58 | €476,656 | €581,279 | +€104,623 | +21.9% |
| Stocks and contracts in progress | 3 | €20,889 | €441 | -€20,448 | -97.9% |
| Stocks | 30/36 | €20,889 | €441 | -€20,448 | -97.9% |
| Amounts receivable within one year | 40/41 | €139,499 | €34,062 | -€105,437 | -75.6% |
| Trade receivables | 40 | €135,790 | €4,851 | -€130,939 | -96.4% |
| Other amounts receivable | 41 | €3,710 | €29,211 | +€25,501 | +687% |
| Cash at bank and in hand | 54/58 | €241,334 | €530,182 | +€288,848 | +120% |
| Deferred charges and accrued income | 490/1 | €74,933 | €16,594 | -€58,339 | -77.9% |
| Total equity and liabilities | 10/49 | €827,242 | €824,854 | -€2,388 | -0.3% |
| Equity | 10/15 | €643,125 | €718,289 | +€75,164 | +11.7% |
| Contributions | 10/11 | €230,000 | €230,000 | = | 0.0% |
| Reserves | 13 | €413,125 | €488,289 | +€75,164 | +18.2% |
| Tax-exempt reserves | 132 | €421 | €421 | = | 0.0% |
| Distributable reserves | 133 | €412,704 | €487,868 | +€75,164 | +18.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €184,117 | €106,565 | -€77,552 | -42.1% |
| Amounts payable within one year | 42/48 | €184,117 | €106,565 | -€77,552 | -42.1% |
| Trade debts | 44 | €39,219 | €15,163 | -€24,056 | -61.3% |
| Suppliers | 440/4 | €39,219 | €15,163 | -€24,056 | -61.3% |
| Taxes, remuneration and social security | 45 | €66,898 | €19,587 | -€47,311 | -70.7% |
| Taxes | 450/3 | €40,710 | €12,930 | -€27,780 | -68.2% |
| Remuneration and social security | 454/9 | €26,188 | €6,656 | -€19,531 | -74.6% |
| Other amounts payable | 47/48 | €78,000 | €71,815 | -€6,185 | -7.9% |
| Non-recurring operating income | 76A | €5,933 | €19,438 | +€13,505 | +228% |
| Remuneration, social security and pensions | 62 | €222,609 | €125,683 | -€96,926 | -43.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €86,840 | €84,772 | -€2,068 | -2.4% |
| Other operating charges | 640/8 | €10,631 | €84,343 | +€73,712 | +693% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €578,441 | €430,459 | -€147,982 | -25.6% |
| Operating profit (loss) | 9901 | €258,361 | €135,661 | -€122,700 | -47.5% |
| Financial income | 75/76B | €2,355 | €2,145 | -€210 | -8.9% |
| Recurring financial income | 75 | €2,355 | €2,145 | -€210 | -8.9% |
| Financial charges | 65/66B | €806 | €3,975 | +€3,169 | +393% |
| Recurring financial charges | 65 | €806 | €3,975 | +€3,169 | +393% |
| Profit (loss) for the period before taxes | 9903 | €259,909 | €133,831 | -€126,079 | -48.5% |
| Income taxes | 67/77 | €75,583 | €58,667 | -€16,916 | -22.4% |
| Profit (loss) for the period | 9904 | €184,326 | €75,164 | -€109,163 | -59.2% |
| Profit (loss) for the period to be appropriated | 9905 | €184,326 | €75,164 | -€109,163 | -59.2% |
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 27 October 2026 via checked.be.