FWIJNEGEM: 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.
FWIJNEGEM
Largest movements
- Tangible fixed assets -€15,037
down €15,037 (-23.3%), from €64,558 to €49,522
of which Plant, machinery and equipment: -€9,500
- Cash -€10,979
down €10,979 (-12.5%), from €88,002 to €77,023
mainly Debts after one year (-€25,840) and Accrued charges and deferred income (-€9,012)
- Stocks and contracts +€7,924
up €7,924 (+5.2%), from €153,019 to €160,943
- Debts after one year -€25,840
down €25,840 (-100%), from €25,840 to €0
- Trade debts +€12,552
up €12,552 (+13.1%), from €95,617 to €108,168
- Accrued charges and deferred income -€9,012
down €9,012 (-35.5%), from €25,369 to €16,357
- Current portion of long-term debt -€6,287
down €6,287 (-18.1%), from €34,827 to €28,540
- Tax, wage and social debts +€4,845
up €4,845 (+6.0%), from €80,379 to €85,224
of which Taxes: +€13,890
- Gross operating margin +€18,305
up €18,305 (+11.1%), from €164,179 to €182,484
- Staff costs +€6,981
up €6,981 (+4.7%), from €150,005 to €156,986
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 | €319,644 | €299,302 | -€20,341 | -6.4% |
| Fixed assets | 21/28 | €64,558 | €49,522 | -€15,037 | -23.3% |
| Tangible fixed assets | 22/27 | €64,558 | €49,522 | -€15,037 | -23.3% |
| Plant, machinery and equipment | 23 | €43,144 | €33,644 | -€9,500 | -22.0% |
| Furniture and vehicles | 24 | €21,415 | €15,877 | -€5,537 | -25.9% |
| Current assets | 29/58 | €255,085 | €249,781 | -€5,304 | -2.1% |
| Stocks and contracts in progress | 3 | €153,019 | €160,943 | +€7,924 | +5.2% |
| Stocks | 30/36 | €153,019 | €160,943 | +€7,924 | +5.2% |
| Amounts receivable within one year | 40/41 | €14,064 | €11,814 | -€2,250 | -16.0% |
| Trade receivables | 40 | €14,064 | €6,569 | -€7,495 | -53.3% |
| Other amounts receivable | 41 | - | €5,245 | +€5,245 | |
| Cash at bank and in hand | 54/58 | €88,002 | €77,023 | -€10,979 | -12.5% |
| Total equity and liabilities | 10/49 | €319,644 | €299,302 | -€20,341 | -6.4% |
| Equity | 10/15 | €57,611 | €61,013 | +€3,401 | +5.9% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €32,611 | €36,013 | +€3,401 | +10.4% |
| Amounts payable | 17/49 | €262,032 | €238,289 | -€23,743 | -9.1% |
| Amounts payable after more than one year | 17 | €25,840 | €0 | -€25,840 | -100% |
| Financial debts | 170/4 | €25,840 | €0 | -€25,840 | -100% |
| Amounts payable within one year | 42/48 | €210,823 | €221,932 | +€11,110 | +5.3% |
| Current portion of amounts payable after more than one year | 42 | €34,827 | €28,540 | -€6,287 | -18.1% |
| Trade debts | 44 | €95,617 | €108,168 | +€12,552 | +13.1% |
| Suppliers | 440/4 | €95,617 | €108,168 | +€12,552 | +13.1% |
| Taxes, remuneration and social security | 45 | €80,379 | €85,224 | +€4,845 | +6.0% |
| Taxes | 450/3 | €55,392 | €69,282 | +€13,890 | +25.1% |
| Remuneration and social security | 454/9 | €24,988 | €15,942 | -€9,045 | -36.2% |
| Accrued charges and deferred income | 492/3 | €25,369 | €16,357 | -€9,012 | -35.5% |
| Remuneration, social security and pensions | 62 | €150,005 | €156,986 | +€6,981 | +4.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,037 | €15,037 | = | 0.0% |
| Other operating charges | 640/8 | €742 | €1,255 | +€514 | +69.3% |
| Gross operating margin | 9900 | €164,179 | €182,484 | +€18,305 | +11.1% |
| Operating profit (loss) | 9901 | -€1,605 | €9,205 | +€10,810 | |
| Financial income | 75/76B | €1,030 | €1,565 | +€534 | +51.9% |
| Recurring financial income | 75 | €1,030 | €1,565 | +€534 | +51.9% |
| Financial charges | 65/66B | €7,737 | €7,192 | -€545 | -7.0% |
| Recurring financial charges | 65 | €7,737 | €7,192 | -€545 | -7.0% |
| Profit (loss) for the period before taxes | 9903 | -€8,312 | €3,578 | +€11,889 | |
| Income taxes | 67/77 | €160 | €176 | +€16 | +10.1% |
| Profit (loss) for the period | 9904 | -€8,472 | €3,401 | +€11,873 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,472 | €3,401 | +€11,873 |
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 28 October 2026 via checked.be.