ETS. WYNANTS: 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.
ETS. WYNANTS
Largest movements
- Tangible fixed assets -€13,237
down €13,237 (-3.3%), from €397,930 to €384,693
of which Furniture and vehicles: -€19,426
- Receivables within one year +€8,504
up €8,504 (+17.5%), from €48,546 to €57,050
of which Trade receivables: +€11,821
- Cash -€8,088
down €8,088 (-15.0%), from €54,062 to €45,974
mainly Debts after one year (-€51,413) and Investment in fixed assets (net) (-€29,802)
- Debts after one year -€51,413
down €51,413 (-51.4%), from €100,075 to €48,661
- Other debts +€18,000
up €18,000 (+1,000%), from €1,800 to €19,800
- Tax, wage and social debts +€9,293
up €9,293 (+37.3%), from €24,906 to €34,199
of which Taxes: +€7,318
- Current portion of long-term debt +€8,778
up €8,778 (+20.6%), from €42,635 to €51,413
- Gross operating margin -€179,344
down €179,344 (-35.9%), from €499,901 to €320,557
- Staff costs -€101,776
down €101,776 (-31.7%), from €321,110 to €219,334
- Taxes -€16,478
down €16,478 (-64.5%), from €25,541 to €9,063
- Depreciation -€14,841
down €14,841 (-25.6%), from €57,881 to €43,039
- Financial charges -€8,895
down €8,895 (-60.7%), from €14,648 to €5,753
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 | €521,946 | €509,513 | -€12,434 | -2.4% |
| Fixed assets | 21/28 | €397,930 | €384,693 | -€13,237 | -3.3% |
| Tangible fixed assets | 22/27 | €397,930 | €384,693 | -€13,237 | -3.3% |
| Land and buildings | 22 | €315,413 | €317,384 | +€1,971 | +0.6% |
| Plant, machinery and equipment | 23 | €3,206 | €7,424 | +€4,218 | +132% |
| Furniture and vehicles | 24 | €79,311 | €59,885 | -€19,426 | -24.5% |
| Financial fixed assets | 28 | €0 | - | = | |
| Current assets | 29/58 | €124,016 | €124,819 | +€804 | +0.6% |
| Stocks and contracts in progress | 3 | €3,000 | €1,800 | -€1,200 | -40.0% |
| Stocks | 30/36 | €3,000 | €1,800 | -€1,200 | -40.0% |
| Amounts receivable within one year | 40/41 | €48,546 | €57,050 | +€8,504 | +17.5% |
| Trade receivables | 40 | €2,950 | €14,771 | +€11,821 | +401% |
| Other amounts receivable | 41 | €45,595 | €42,279 | -€3,316 | -7.3% |
| Cash at bank and in hand | 54/58 | €54,062 | €45,974 | -€8,088 | -15.0% |
| Deferred charges and accrued income | 490/1 | €18,408 | €19,995 | +€1,587 | +8.6% |
| Total equity and liabilities | 10/49 | €521,946 | €509,513 | -€12,434 | -2.4% |
| Equity | 10/15 | €315,333 | €316,998 | +€1,665 | +0.5% |
| Contributions | 10/11 | €130,460 | €130,460 | = | 0.0% |
| Reserves | 13 | €91,940 | €91,940 | = | 0.0% |
| Non-distributable reserves | 130/1 | €91,940 | €91,940 | = | 0.0% |
| Reserves not available under the articles | 1311 | €91,940 | €91,940 | = | 0.0% |
| Profit (loss) carried forward | 14 | €92,933 | €94,598 | +€1,665 | +1.8% |
| Provisions and deferred taxes | 16 | €35,000 | €35,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €35,000 | €35,000 | = | 0.0% |
| Other liabilities and charges | 164/5 | €35,000 | €35,000 | = | 0.0% |
| Amounts payable | 17/49 | €171,613 | €157,515 | -€14,098 | -8.2% |
| Amounts payable after more than one year | 17 | €100,075 | €48,661 | -€51,413 | -51.4% |
| Financial debts | 170/4 | €100,075 | €48,661 | -€51,413 | -51.4% |
| Amounts payable within one year | 42/48 | €70,887 | €108,853 | +€37,967 | +53.6% |
| Current portion of amounts payable after more than one year | 42 | €42,635 | €51,413 | +€8,778 | +20.6% |
| Trade debts | 44 | €1,545 | €3,441 | +€1,896 | +123% |
| Suppliers | 440/4 | €1,545 | €3,441 | +€1,896 | +123% |
| Taxes, remuneration and social security | 45 | €24,906 | €34,199 | +€9,293 | +37.3% |
| Taxes | 450/3 | €17,650 | €24,969 | +€7,318 | +41.5% |
| Remuneration and social security | 454/9 | €7,256 | €9,230 | +€1,974 | +27.2% |
| Other amounts payable | 47/48 | €1,800 | €19,800 | +€18,000 | +1,000% |
| Accrued charges and deferred income | 492/3 | €652 | €0 | -€652 | -100% |
| Non-recurring operating income | 76A | €151,363 | €0 | -€151,363 | -100% |
| Remuneration, social security and pensions | 62 | €321,110 | €219,334 | -€101,776 | -31.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,881 | €43,039 | -€14,841 | -25.6% |
| Other operating charges | 640/8 | €9,886 | €8,523 | -€1,363 | -13.8% |
| Non-recurring operating charges | 66A | €21 | €21,104 | +€21,083 | +99,540% |
| Gross operating margin | 9900 | €499,901 | €320,557 | -€179,344 | -35.9% |
| Operating profit (loss) | 9901 | €111,003 | €28,557 | -€82,446 | -74.3% |
| Financial income | 75/76B | €8,397 | €5,924 | -€2,473 | -29.5% |
| Recurring financial income | 75 | €8,397 | €5,924 | -€2,473 | -29.5% |
| Financial charges | 65/66B | €14,648 | €5,753 | -€8,895 | -60.7% |
| Recurring financial charges | 65 | €14,648 | €5,753 | -€8,895 | -60.7% |
| Profit (loss) for the period before taxes | 9903 | €104,752 | €28,728 | -€76,024 | -72.6% |
| Income taxes | 67/77 | €25,541 | €9,063 | -€16,478 | -64.5% |
| Profit (loss) for the period | 9904 | €79,211 | €19,665 | -€59,546 | -75.2% |
| Profit (loss) for the period to be appropriated | 9905 | €79,211 | €19,665 | -€59,546 | -75.2% |
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.