J.-L. WUIDARD: 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.-L. WUIDARD
Largest movements
- Current investments +€140,112
up €140,112 (+16.0%), from €875,645 to €1.0m
- Cash -€40,069
down €40,069 (-34.0%), from €118,015 to €77,946
mainly Current investments (-€140,112) and Other debts (-€8,919)
- Reserves +€100,815
up €100,815 (+10.9%), from €921,263 to €1.0m
- Gross operating margin -€55,307
down €55,307 (-29.7%), from €185,938 to €130,631
- Taxes -€17,016
down €17,016 (-29.0%), from €58,700 to €41,684
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 | €1,066,301 | €1,160,625 | +€94,324 | +8.8% |
| Fixed assets | 21/28 | €45,657 | €43,702 | -€1,955 | -4.3% |
| Tangible fixed assets | 22/27 | €8,309 | €2,813 | -€5,495 | -66.1% |
| Furniture and vehicles | 24 | €8,309 | €2,813 | -€5,495 | -66.1% |
| Financial fixed assets | 28 | €37,348 | €40,888 | +€3,540 | +9.5% |
| Current assets | 29/58 | €1,020,645 | €1,116,924 | +€96,279 | +9.4% |
| Amounts receivable within one year | 40/41 | €15,730 | €15,862 | +€132 | +0.8% |
| Trade receivables | 40 | €15,730 | €15,730 | = | 0.0% |
| Other amounts receivable | 41 | - | €132 | +€132 | |
| Current investments | 50/53 | €875,645 | €1,015,757 | +€140,112 | +16.0% |
| Cash at bank and in hand | 54/58 | €118,015 | €77,946 | -€40,069 | -34.0% |
| Deferred charges and accrued income | 490/1 | €11,254 | €7,358 | -€3,896 | -34.6% |
| Total equity and liabilities | 10/49 | €1,066,301 | €1,160,625 | +€94,324 | +8.8% |
| Equity | 10/15 | €1,038,428 | €1,139,243 | +€100,815 | +9.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €921,263 | €1,022,078 | +€100,815 | +10.9% |
| Distributable reserves | 133 | €921,263 | €1,022,078 | +€100,815 | +10.9% |
| Profit (loss) carried forward | 14 | €104,765 | €104,765 | = | 0.0% |
| Amounts payable | 17/49 | €27,874 | €21,382 | -€6,491 | -23.3% |
| Amounts payable within one year | 42/48 | €24,497 | €19,175 | -€5,323 | -21.7% |
| Trade debts | 44 | €29 | €31 | +€2 | +5.6% |
| Suppliers | 440/4 | €29 | €31 | +€2 | +5.6% |
| Taxes, remuneration and social security | 45 | €6,264 | €9,858 | +€3,595 | +57.4% |
| Taxes | 450/3 | €6,264 | €9,858 | +€3,595 | +57.4% |
| Other amounts payable | 47/48 | €18,205 | €9,286 | -€8,919 | -49.0% |
| Accrued charges and deferred income | 492/3 | €3,376 | €2,207 | -€1,169 | -34.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,495 | €5,495 | = | 0.0% |
| Other operating charges | 640/8 | €562 | €359 | -€203 | -36.1% |
| Gross operating margin | 9900 | €185,938 | €130,631 | -€55,307 | -29.7% |
| Operating profit (loss) | 9901 | €179,881 | €124,777 | -€55,104 | -30.6% |
| Financial income | 75/76B | €16,508 | €17,723 | +€1,214 | +7.4% |
| Recurring financial income | 75 | €16,508 | €17,723 | +€1,214 | +7.4% |
| Financial charges | 65/66B | €7 | - | -€7 | |
| Recurring financial charges | 65 | €7 | - | -€7 | |
| Profit (loss) for the period before taxes | 9903 | €196,383 | €142,500 | -€53,883 | -27.4% |
| Income taxes | 67/77 | €58,700 | €41,684 | -€17,016 | -29.0% |
| Profit (loss) for the period | 9904 | €137,683 | €100,815 | -€36,867 | -26.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,683 | €100,815 | -€36,867 | -26.8% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.