Holdco Wouter: what changed
Two fiscal 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.
Holdco Wouter
Largest movements
- Cash -€66,431
down €66,431 (-62.7%), from €105,942 to €39,511
mainly Debts after one year (-€113,667) and Receivables within one year (-€28,202)
- Receivables within one year +€28,202
up €28,202 (+155.8%), from €18,098 to €46,300
- Debts after one year -€113,667
down €113,667 (-9.1%), from €1.2m to €1.1m
- Reserves +€41,632
up €41,632 (+87.0%), from €47,872 to €89,503
- Current portion of long-term debt +€36,834
up €36,834 (+47.9%), from €76,834 to €113,667
- Financial charges +€15,467
up €15,467 (+864.5%), from €1,789 to €17,256
- Taxes -€2,912
down €2,912 (-13.0%), from €22,340 to €19,428
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.
Cash bridge derived
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 | €2,704,628 | €2,665,817 | -€38,811 | -1.4% |
| Formation expenses | 20 | €1,843 | €1,261 | -€582 | -31.6% |
| Fixed assets | 21/28 | €2,578,746 | €2,578,746 | = | 0.0% |
| Financial fixed assets | 28 | €2,578,746 | €2,578,746 | = | 0.0% |
| Current assets | 29/58 | €124,040 | €85,811 | -€38,229 | -30.8% |
| Amounts receivable within one year | 40/41 | €18,098 | €46,300 | +€28,202 | +155.8% |
| Trade receivables | 40 | €18,098 | €46,300 | +€28,202 | +155.8% |
| Cash at bank and in hand | 54/58 | €105,942 | €39,511 | -€66,431 | -62.7% |
| Total equity and liabilities | 10/49 | €2,704,628 | €2,665,817 | -€38,811 | -1.4% |
| Equity | 10/15 | €67,872 | €109,503 | +€41,632 | +61.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €47,872 | €89,503 | +€41,632 | +87.0% |
| Distributable reserves | 133 | €47,872 | €89,503 | +€41,632 | +87.0% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,636,757 | €2,556,314 | -€80,443 | -3.1% |
| Amounts payable after more than one year | 17 | €1,244,009 | €1,130,342 | -€113,667 | -9.1% |
| Financial debts | 170/4 | €1,244,009 | €1,130,342 | -€113,667 | -9.1% |
| Amounts payable within one year | 42/48 | €1,392,748 | €1,425,973 | +€33,225 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €76,834 | €113,667 | +€36,834 | +47.9% |
| Trade debts | 44 | €5,585 | €102 | -€5,482 | -98.2% |
| Suppliers | 440/4 | €5,585 | €102 | -€5,482 | -98.2% |
| Taxes, remuneration and social security | 45 | €52,426 | €58,363 | +€5,937 | +11.3% |
| Taxes | 450/3 | €28,426 | €48,363 | +€19,937 | +70.1% |
| Remuneration and social security | 454/9 | €24,000 | €10,000 | -€14,000 | -58.3% |
| Other amounts payable | 47/48 | €1,257,903 | €1,253,840 | -€4,064 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €582 | €582 | = | 0.0% |
| Other operating charges | 640/8 | €451 | €739 | +€288 | +63.9% |
| Gross operating margin | 9900 | €80,088 | €79,637 | -€450 | -0.6% |
| Operating profit (loss) | 9901 | €79,055 | €78,316 | -€739 | -0.9% |
| Financial charges | 65/66B | €1,789 | €17,256 | +€15,467 | +864.5% |
| Recurring financial charges | 65 | €1,789 | €17,256 | +€15,467 | +864.5% |
| Profit (loss) for the period before taxes | 9903 | €77,265 | €61,060 | -€16,206 | -21.0% |
| Income taxes | 67/77 | €22,340 | €19,428 | -€2,912 | -13.0% |
| Profit (loss) for the period | 9904 | €54,925 | €41,632 | -€13,294 | -24.2% |
| Profit (loss) for the period to be appropriated | 9905 | €54,925 | €41,632 | -€13,294 | -24.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.