J. DE WITTE: 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.
J. DE WITTE
Largest movements
- Stocks and contracts -€70,000
no longer reported in 2025 (was €70,000)
- Cash +€15,566
up €15,566 (+92.0%), from €16,920 to €32,485
mainly Stocks and contracts (+€70,000) and Net result for the year (+€69,902)
- Receivables within one year +€9,576
up €9,576 (+11.3%), from €84,574 to €94,150
of which Trade receivables: +€43,875
- Other debts -€113,182
down €113,182 (-33.7%), from €336,197 to €223,015
- Profit (loss) carried forward +€69,902
up €69,902 (+39.2%), from -€178,218 to -€108,316
- Trade debts -€7,303
down €7,303 (-92.8%), from €7,870 to €567
- Tax, wage and social debts +€5,998
up €5,998 (+88.0%), from €6,819 to €12,817
of which Taxes: +€3,520
- Write-downs -€230,000
down €230,000, from €115,000 to -€115,000
- Gross operating margin +€18,596
up €18,596 (+32.2%), from -€57,773 to -€39,177
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 | €175,273 | €130,687 | -€44,586 | -25.4% |
| Fixed assets | 21/28 | €1,994 | €1,008 | -€986 | -49.5% |
| Tangible fixed assets | 22/27 | €1,994 | €1,008 | -€986 | -49.5% |
| Furniture and vehicles | 24 | €1,994 | €1,008 | -€986 | -49.5% |
| Current assets | 29/58 | €173,279 | €129,679 | -€43,599 | -25.2% |
| Stocks and contracts in progress | 3 | €70,000 | - | -€70,000 | |
| Stocks | 30/36 | €70,000 | - | -€70,000 | |
| Amounts receivable within one year | 40/41 | €84,574 | €94,150 | +€9,576 | +11.3% |
| Trade receivables | 40 | €50,275 | €94,150 | +€43,875 | +87.3% |
| Other amounts receivable | 41 | €34,299 | - | -€34,299 | |
| Cash at bank and in hand | 54/58 | €16,920 | €32,485 | +€15,566 | +92.0% |
| Deferred charges and accrued income | 490/1 | €1,785 | €3,044 | +€1,259 | +70.6% |
| Total equity and liabilities | 10/49 | €175,273 | €130,687 | -€44,586 | -25.4% |
| Equity | 10/15 | -€175,613 | -€105,711 | +€69,902 | +39.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €605 | €605 | = | 0.0% |
| Distributable reserves | 133 | €605 | €605 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€178,218 | -€108,316 | +€69,902 | +39.2% |
| Amounts payable | 17/49 | €350,885 | €236,398 | -€114,487 | -32.6% |
| Amounts payable within one year | 42/48 | €350,885 | €236,398 | -€114,487 | -32.6% |
| Trade debts | 44 | €7,870 | €567 | -€7,303 | -92.8% |
| Suppliers | 440/4 | €7,870 | €567 | -€7,303 | -92.8% |
| Taxes, remuneration and social security | 45 | €6,819 | €12,817 | +€5,998 | +88.0% |
| Taxes | 450/3 | €317 | €3,837 | +€3,520 | +1,112% |
| Remuneration and social security | 454/9 | €6,502 | €8,980 | +€2,478 | +38.1% |
| Other amounts payable | 47/48 | €336,197 | €223,015 | -€113,182 | -33.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €986 | €986 | = | 0.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €115,000 | -€115,000 | -€230,000 | |
| Other operating charges | 640/8 | €1,013 | €1,317 | +€304 | +30.0% |
| Gross operating margin | 9900 | -€57,773 | -€39,177 | +€18,596 | +32.2% |
| Operating profit (loss) | 9901 | -€174,773 | €73,519 | +€248,292 | |
| Financial charges | 65/66B | €3,129 | €3,291 | +€163 | +5.2% |
| Recurring financial charges | 65 | €3,129 | €3,291 | +€163 | +5.2% |
| Profit (loss) for the period before taxes | 9903 | -€177,901 | €70,228 | +€248,129 | |
| Income taxes | 67/77 | €317 | €326 | +€10 | +3.0% |
| Profit (loss) for the period | 9904 | -€178,218 | €69,902 | +€248,120 | |
| Profit (loss) for the period to be appropriated | 9905 | -€178,218 | €69,902 | +€248,120 |
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.