ETABLISSEMENTS WITDOUCK: what changed
What changed
ETABLISSEMENTS WITDOUCK
NACE 01.500, Mixed farming
filed annual accounts (NBB)
Net result for the year
€161,071
2025 · €687,523-€526,452
Equity
€5.7m
2025 · €5.6m+€141,911
Cash
€341,429
2025 · €344,109-€2,681
Balance sheet total
€9.4m
2025 · €9.8m-€386,711
Largest movements
Assets
- Receivables within one year -€327,275
down €327,275 (-23.1%), from €1.4m to €1.1m
of which Trade receivables: -€292,158
Equity and liabilities
- Reserves +€579,147
up €579,147 (+12.7%), from €4.6m to €5.1m
of which Distributable reserves: +€744,422
- Profit (loss) carried forward -€418,076
down €418,076 (-56.2%), from €744,422 to €326,346
- Trade debts -€231,280
down €231,280 (-38.1%), from €607,445 to €376,165
- Current portion of long-term debt -€195,717
down €195,717 (-18.5%), from €1.1m to €861,821
- Tax, wage and social debts -€113,330
down €113,330 (-53.9%), from €210,160 to €96,830
of which Taxes: -€124,322
Income statement
- Gross operating margin -€461,851
down €461,851 (-14.8%), from €3.1m to €2.7m
- Depreciation +€229,155
up €229,155 (+22.9%), from €1.0m to €1.2m
- Taxes -€128,495
down €128,495 (-55.4%), from €231,807 to €103,313
- Staff costs +€44,299
up €44,299 (+4.3%), from €1.0m to €1.1m
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€687,523
Gross operating margin
-€461,851
Staff costs
-€44,299
Depreciation
-€229,155
Other operating charges
-€16,920
Other operating items
+€75,141
Financial income
-€6,482
Financial charges
-€6,165
Taxes
+€128,495
Deferred taxes and other
+€34,785
Result 2026
€161,071
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€1.3m
Investment
-€1.2m
Financing
-€145,918
Cash 2025
€344,109
From operations (derived)
+€1.3m
Net result for the year
+€161,071
Depreciation
+€1.2m
Stocks and contracts
+€18,456
Receivables within one year
+€327,275
Smaller working-capital items
-€5,162
Provisions
-€54,422
Trade debts
-€231,280
Tax, wage and social debts
-€113,330
Investment (derived)
-€1.2m
Investment in fixed assets (net)
-€1.2m
Financing
-€145,918
Debts after one year
-€6,041
Current portion of long-term debt
-€195,717
Short-term financial debts
+€75,000
Contributions, distributions and other
-€19,160
Cash 2026
€341,429
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,750,015 | €9,363,304 | -€386,711 | -4.0% |
| Fixed assets | 21/28 | €5,685,564 | €5,644,935 | -€40,629 | -0.7% |
| Intangible fixed assets | 21 | €170,100 | €151,200 | -€18,900 | -11.1% |
| Tangible fixed assets | 22/27 | €5,469,833 | €5,448,240 | -€21,594 | -0.4% |
| Land and buildings | 22 | €2,820,025 | €2,859,481 | +€39,457 | +1.4% |
| Plant, machinery and equipment | 23 | €2,350,991 | €1,750,726 | -€600,265 | -25.5% |
| Furniture and vehicles | 24 | €298,818 | €179,856 | -€118,962 | -39.8% |
| Leasing and similar rights | 25 | - | €658,177 | +€658,177 | |
| Financial fixed assets | 28 | €45,631 | €45,496 | -€135 | -0.3% |
| Current assets | 29/58 | €4,064,451 | €3,718,368 | -€346,083 | -8.5% |
| Stocks and contracts in progress | 3 | €936,170 | €917,714 | -€18,456 | -2.0% |
| Stocks | 30/36 | €936,170 | €917,714 | -€18,456 | -2.0% |
| Amounts receivable within one year | 40/41 | €1,413,892 | €1,086,617 | -€327,275 | -23.1% |
| Trade receivables | 40 | €1,368,218 | €1,076,061 | -€292,158 | -21.4% |
| Other amounts receivable | 41 | €45,674 | €10,557 | -€35,117 | -76.9% |
| Current investments | 50/53 | €1,370,000 | €1,370,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €344,109 | €341,429 | -€2,681 | -0.8% |
| Deferred charges and accrued income | 490/1 | €280 | €2,608 | +€2,328 | +832% |
| Total equity and liabilities | 10/49 | €9,750,015 | €9,363,304 | -€386,711 | -4.0% |
| Equity | 10/15 | €5,586,266 | €5,728,178 | +€141,911 | +2.5% |
| Contributions | 10/11 | €247,894 | €247,894 | = | 0.0% |
| Capital | 10 | €247,894 | €247,894 | = | 0.0% |
| Issued capital | 100 | €247,894 | €247,894 | = | 0.0% |
| Revaluation surpluses | 12 | €7,241 | €7,241 | = | 0.0% |
| Reserves | 13 | €4,556,006 | €5,135,153 | +€579,147 | +12.7% |
| Non-distributable reserves | 130/1 | €1,394,789 | €1,394,789 | = | 0.0% |
| Legal reserve | 130 | €24,789 | €24,789 | = | 0.0% |
| Own shares acquired | 1312 | €1,370,000 | €1,370,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €823,015 | €657,740 | -€165,275 | -20.1% |
| Distributable reserves | 133 | €2,338,201 | €3,082,623 | +€744,422 | +31.8% |
| Profit (loss) carried forward | 14 | €744,422 | €326,346 | -€418,076 | -56.2% |
| Investment grants | 15 | €30,704 | €11,544 | -€19,160 | -62.4% |
| Provisions and deferred taxes | 16 | €259,180 | €204,758 | -€54,422 | -21.0% |
| Deferred taxes | 168 | €259,180 | €204,758 | -€54,422 | -21.0% |
| Amounts payable | 17/49 | €3,904,569 | €3,430,368 | -€474,201 | -12.1% |
| Amounts payable after more than one year | 17 | €1,590,569 | €1,584,529 | -€6,041 | -0.4% |
| Financial debts | 170/4 | €1,590,569 | €1,584,529 | -€6,041 | -0.4% |
| Amounts payable within one year | 42/48 | €2,310,568 | €1,843,056 | -€467,512 | -20.2% |
| Current portion of amounts payable after more than one year | 42 | €1,057,538 | €861,821 | -€195,717 | -18.5% |
| Financial debts | 43 | €350,000 | €425,000 | +€75,000 | +21.4% |
| Credit institutions | 430/8 | €350,000 | €425,000 | +€75,000 | +21.4% |
| Trade debts | 44 | €607,445 | €376,165 | -€231,280 | -38.1% |
| Suppliers | 440/4 | €607,445 | €376,165 | -€231,280 | -38.1% |
| Advances received on contracts in progress | 46 | €84,150 | €82,640 | -€1,510 | -1.8% |
| Taxes, remuneration and social security | 45 | €210,160 | €96,830 | -€113,330 | -53.9% |
| Taxes | 450/3 | €131,444 | €7,122 | -€124,322 | -94.6% |
| Remuneration and social security | 454/9 | €78,716 | €89,708 | +€10,992 | +14.0% |
| Other amounts payable | 47/48 | €1,275 | €600 | -€675 | -52.9% |
| Accrued charges and deferred income | 492/3 | €3,431 | €2,783 | -€648 | -18.9% |
| Non-recurring operating income | 76A | €75,500 | €425,800 | +€350,300 | +464% |
| Remuneration, social security and pensions | 62 | €1,034,064 | €1,078,363 | +€44,299 | +4.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,002,562 | €1,231,717 | +€229,155 | +22.9% |
| Other operating charges | 640/8 | €55,822 | €72,742 | +€16,920 | +30.3% |
| Non-recurring operating charges | 66A | €77,770 | €2,629 | -€75,141 | -96.6% |
| Gross operating margin | 9900 | €3,125,137 | €2,663,285 | -€461,851 | -14.8% |
| Operating profit (loss) | 9901 | €954,919 | €277,835 | -€677,084 | -70.9% |
| Financial income | 75/76B | €28,611 | €22,129 | -€6,482 | -22.7% |
| Recurring financial income | 75 | €28,611 | €22,129 | -€6,482 | -22.7% |
| Financial charges | 65/66B | €83,836 | €90,002 | +€6,165 | +7.4% |
| Recurring financial charges | 65 | €83,836 | €90,002 | +€6,165 | +7.4% |
| Profit (loss) for the period before taxes | 9903 | €899,694 | €209,962 | -€689,732 | -76.7% |
| Transfer from deferred taxes | 780 | €38,511 | €54,422 | +€15,910 | +41.3% |
| Transfer to deferred taxes | 680 | €18,875 | - | -€18,875 | |
| Income taxes | 67/77 | €231,807 | €103,313 | -€128,495 | -55.4% |
| Profit (loss) for the period | 9904 | €687,523 | €161,071 | -€526,452 | -76.6% |
| Transfer from tax-exempt reserves | 789 | €113,524 | €165,275 | +€51,751 | +45.6% |
| Transfer to tax-exempt reserves | 689 | €56,625 | - | -€56,625 | |
| Profit (loss) for the period to be appropriated | 9905 | €744,422 | €326,346 | -€418,076 | -56.2% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.