JACK WOLTERS: 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.
JACK WOLTERS
Largest movements
- Receivables within one year +€27,368
up €27,368 (+42.6%), from €64,190 to €91,558
of which Other amounts receivable: +€35,216
- Cash +€20,174
up €20,174 (+26.3%), from €76,803 to €96,978
mainly Net result for the year (+€29,260) and Depreciation (+€14,993)
- Tangible fixed assets -€14,539
down €14,539 (-19.7%), from €73,748 to €59,208
- Stocks and contracts -€4,870
down €4,870 (-25.4%), from €19,189 to €14,319
- Deferred charges and accrued income -€3,458
down €3,458 (-70.9%), from €4,880 to €1,422
- Reserves +€29,000
up €29,000 (+28.4%), from €102,000 to €131,000
of which Distributable reserves: +€29,000
- Current portion of long-term debt -€7,803
no longer reported in 2025 (was €7,803)
- Tax, wage and social debts +€4,083
up €4,083 (+50.1%), from €8,151 to €12,234
of which Taxes: +€10,575
- Staff costs -€8,870
down €8,870 (-23.0%), from €38,634 to €29,763
- Taxes +€2,862
up €2,862 (+24.1%), from €11,864 to €14,726
- Other operating charges -€2,224
down €2,224 (-28.5%), from €7,806 to €5,582
- Financial charges +€1,244
up €1,244 (+210%), from €591 to €1,836
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 | €238,809 | €263,485 | +€24,676 | +10.3% |
| Fixed assets | 21/28 | €73,748 | €59,208 | -€14,539 | -19.7% |
| Tangible fixed assets | 22/27 | €73,748 | €59,208 | -€14,539 | -19.7% |
| Land and buildings | 22 | €47,781 | €44,337 | -€3,444 | -7.2% |
| Plant, machinery and equipment | 23 | €98 | €435 | +€337 | +345% |
| Furniture and vehicles | 24 | €9,321 | €3,500 | -€5,821 | -62.4% |
| Other tangible fixed assets | 26 | €16,548 | €10,936 | -€5,612 | -33.9% |
| Current assets | 29/58 | €165,062 | €204,277 | +€39,215 | +23.8% |
| Stocks and contracts in progress | 3 | €19,189 | €14,319 | -€4,870 | -25.4% |
| Stocks | 30/36 | €19,189 | €14,319 | -€4,870 | -25.4% |
| Amounts receivable within one year | 40/41 | €64,190 | €91,558 | +€27,368 | +42.6% |
| Trade receivables | 40 | €32,701 | €24,853 | -€7,848 | -24.0% |
| Other amounts receivable | 41 | €31,489 | €66,705 | +€35,216 | +112% |
| Cash at bank and in hand | 54/58 | €76,803 | €96,978 | +€20,174 | +26.3% |
| Deferred charges and accrued income | 490/1 | €4,880 | €1,422 | -€3,458 | -70.9% |
| Total equity and liabilities | 10/49 | €238,809 | €263,485 | +€24,676 | +10.3% |
| Equity | 10/15 | €188,512 | €217,771 | +€29,260 | +15.5% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €102,000 | €131,000 | +€29,000 | +28.4% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €99,500 | €128,500 | +€29,000 | +29.1% |
| Profit (loss) carried forward | 14 | €61,512 | €61,771 | +€260 | +0.4% |
| Amounts payable | 17/49 | €50,298 | €45,714 | -€4,584 | -9.1% |
| Amounts payable within one year | 42/48 | €44,270 | €42,185 | -€2,085 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €7,803 | - | -€7,803 | |
| Financial debts | 43 | €2,000 | €2,000 | = | 0.0% |
| Credit institutions | 430/8 | €2,000 | €2,000 | = | 0.0% |
| Trade debts | 44 | €26,316 | €27,951 | +€1,635 | +6.2% |
| Suppliers | 440/4 | €26,316 | €27,951 | +€1,635 | +6.2% |
| Taxes, remuneration and social security | 45 | €8,151 | €12,234 | +€4,083 | +50.1% |
| Taxes | 450/3 | - | €10,575 | +€10,575 | |
| Remuneration and social security | 454/9 | €8,151 | €1,659 | -€6,492 | -79.6% |
| Accrued charges and deferred income | 492/3 | €6,028 | €3,528 | -€2,499 | -41.5% |
| Non-recurring operating income | 76A | €500 | - | -€500 | |
| Remuneration, social security and pensions | 62 | €38,634 | €29,763 | -€8,870 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,461 | €14,993 | +€532 | +3.7% |
| Other operating charges | 640/8 | €7,806 | €5,582 | -€2,224 | -28.5% |
| Gross operating margin | 9900 | €95,597 | €95,727 | +€130 | +0.1% |
| Operating profit (loss) | 9901 | €34,696 | €45,389 | +€10,693 | +30.8% |
| Financial income | 75/76B | €91 | €432 | +€341 | +373% |
| Recurring financial income | 75 | €91 | €432 | +€341 | +373% |
| Financial charges | 65/66B | €591 | €1,836 | +€1,244 | +210% |
| Recurring financial charges | 65 | €591 | €1,836 | +€1,244 | +210% |
| Profit (loss) for the period before taxes | 9903 | €34,196 | €43,985 | +€9,790 | +28.6% |
| Income taxes | 67/77 | €11,864 | €14,726 | +€2,862 | +24.1% |
| Profit (loss) for the period | 9904 | €22,332 | €29,260 | +€6,928 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,332 | €29,260 | +€6,928 | +31.0% |
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 17 October 2026 via checked.be.