Frédéric WYNANDS: 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.
Frédéric WYNANDS
Largest movements
- Tangible fixed assets +€5,839
up €5,839 (+742%), from €787 to €6,625
of which Furniture and vehicles: +€5,950
- Receivables within one year +€3,088
up €3,088 (+6.4%), from €48,154 to €51,242
- Trade debts +€10,625
up €10,625 (+73.8%), from €14,402 to €25,027
of which Suppliers: +€10,448
- Other debts +€10,530
up €10,530 (+2,318%), from €454 to €10,984
- Tax, wage and social debts -€10,177
down €10,177 (-39.5%), from €25,791 to €15,613
of which Taxes: -€10,453
- Profit (loss) carried forward -€3,045
down €3,045 (-13.9%), from €21,918 to €18,873
- Short-term financial debts +€1,330
up €1,330 (+20.0%), from €6,653 to €7,982
- Gross operating margin +€16,368
up €16,368 (+32.0%), from €51,153 to €67,521
- Staff costs +€6,001
up €6,001 (+15.7%), from €38,174 to €44,175
- Taxes +€1,700
up €1,700 (+27.8%), from €6,126 to €7,826
- Financial charges +€1,575
up €1,575 (+31.3%), from €5,033 to €6,608
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 | €84,278 | €93,541 | +€9,263 | +11.0% |
| Fixed assets | 21/28 | €19,631 | €25,469 | +€5,839 | +29.7% |
| Tangible fixed assets | 22/27 | €787 | €6,625 | +€5,839 | +742% |
| Furniture and vehicles | 24 | €12 | €5,962 | +€5,950 | +49,011% |
| Other tangible fixed assets | 26 | €775 | €663 | -€111 | -14.4% |
| Financial fixed assets | 28 | €18,844 | €18,844 | = | 0.0% |
| Current assets | 29/58 | €64,647 | €68,072 | +€3,424 | +5.3% |
| Amounts receivable within one year | 40/41 | €48,154 | €51,242 | +€3,088 | +6.4% |
| Trade receivables | 40 | €48,154 | €51,242 | +€3,088 | +6.4% |
| Cash at bank and in hand | 54/58 | €115 | €124 | +€9 | +7.6% |
| Deferred charges and accrued income | 490/1 | €16,378 | €16,706 | +€328 | +2.0% |
| Total equity and liabilities | 10/49 | €84,278 | €93,541 | +€9,263 | +11.0% |
| Equity | 10/15 | €36,978 | €33,933 | -€3,045 | -8.2% |
| Reserves | 13 | €15,060 | €15,060 | = | 0.0% |
| Distributable reserves | 133 | €15,060 | €15,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €21,918 | €18,873 | -€3,045 | -13.9% |
| Amounts payable | 17/49 | €47,300 | €59,607 | +€12,308 | +26.0% |
| Amounts payable within one year | 42/48 | €47,300 | €59,607 | +€12,308 | +26.0% |
| Financial debts | 43 | €6,653 | €7,982 | +€1,330 | +20.0% |
| Credit institutions | 430/8 | €6,653 | €7,982 | +€1,330 | +20.0% |
| Trade debts | 44 | €14,402 | €25,027 | +€10,625 | +73.8% |
| Suppliers | 440/4 | €9,368 | €19,816 | +€10,448 | +112% |
| Bills of exchange payable | 441 | €5,034 | €5,211 | +€177 | +3.5% |
| Taxes, remuneration and social security | 45 | €25,791 | €15,613 | -€10,177 | -39.5% |
| Taxes | 450/3 | €18,428 | €7,975 | -€10,453 | -56.7% |
| Remuneration and social security | 454/9 | €7,363 | €7,639 | +€276 | +3.7% |
| Other amounts payable | 47/48 | €454 | €10,984 | +€10,530 | +2,318% |
| Remuneration, social security and pensions | 62 | €38,174 | €44,175 | +€6,001 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €916 | €751 | -€166 | -18.1% |
| Other operating charges | 640/8 | €2,076 | €2,275 | +€199 | +9.6% |
| Gross operating margin | 9900 | €51,153 | €67,521 | +€16,368 | +32.0% |
| Operating profit (loss) | 9901 | €9,987 | €20,320 | +€10,333 | +103% |
| Financial income | 75/76B | €0 | €69 | +€69 | +25,444% |
| Recurring financial income | 75 | €0 | €69 | +€69 | +25,444% |
| Financial charges | 65/66B | €5,033 | €6,608 | +€1,575 | +31.3% |
| Recurring financial charges | 65 | €5,033 | €6,608 | +€1,575 | +31.3% |
| Profit (loss) for the period before taxes | 9903 | €4,954 | €13,781 | +€8,827 | +178% |
| Income taxes | 67/77 | €6,126 | €7,826 | +€1,700 | +27.8% |
| Profit (loss) for the period | 9904 | -€1,171 | €5,955 | +€7,127 | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,171 | €5,955 | +€7,127 |
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 15 October 2026 via checked.be.