JAN DE WILDEMAN: 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.
JAN DE WILDEMAN
Largest movements
- Stocks and contracts -€218,900
down €218,900 (-44.3%), from €494,131 to €275,231
- Receivables within one year +€96,733
up €96,733 (+111%), from €86,832 to €183,564
of which Trade receivables: +€130,973
- Cash +€62,886
up €62,886 (+226%), from €27,784 to €90,670
mainly Stocks and contracts (+€218,900) and Other debts (+€42,262)
- Tangible fixed assets -€38,012
down €38,012 (-28.5%), from €133,291 to €95,280
of which Leasing and similar rights: -€23,596
- Short-term financial debts -€150,177
down €150,177 (-39.2%), from €382,667 to €232,490
- Other debts +€42,262
up €42,262 (+314%), from €13,438 to €55,700
- Debts after one year -€20,082
down €20,082 (-11.8%), from €170,082 to €150,000
- Reserves +€16,322
up €16,322 (+11.9%), from €137,293 to €153,614
- Accrued charges and deferred income +€11,250
up €11,250 (+463%), from €2,428 to €13,678
- Gross operating margin -€11,772
down €11,772 (-11.6%), from €101,289 to €89,517
- Financial charges +€9,278
up €9,278 (+131%), from €7,059 to €16,337
- Taxes -€6,428
down €6,428 (-31.2%), from €20,611 to €14,183
- Financial income +€1,650
up €1,650 (+203%), from €812 to €2,461
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 | €761,222 | €658,221 | -€103,001 | -13.5% |
| Fixed assets | 21/28 | €138,191 | €100,180 | -€38,012 | -27.5% |
| Tangible fixed assets | 22/27 | €133,291 | €95,280 | -€38,012 | -28.5% |
| Plant, machinery and equipment | 23 | €986 | €591 | -€396 | -40.1% |
| Furniture and vehicles | 24 | €31,356 | €25,514 | -€5,842 | -18.6% |
| Leasing and similar rights | 25 | €43,508 | €19,911 | -€23,596 | -54.2% |
| Other tangible fixed assets | 26 | €57,442 | €49,264 | -€8,178 | -14.2% |
| Financial fixed assets | 28 | €4,900 | €4,900 | = | 0.0% |
| Current assets | 29/58 | €623,031 | €558,042 | -€64,990 | -10.4% |
| Stocks and contracts in progress | 3 | €494,131 | €275,231 | -€218,900 | -44.3% |
| Stocks | 30/36 | €494,131 | €275,231 | -€218,900 | -44.3% |
| Amounts receivable within one year | 40/41 | €86,832 | €183,564 | +€96,733 | +111% |
| Trade receivables | 40 | €9,652 | €140,625 | +€130,973 | +1,357% |
| Other amounts receivable | 41 | €77,179 | €42,939 | -€34,240 | -44.4% |
| Cash at bank and in hand | 54/58 | €27,784 | €90,670 | +€62,886 | +226% |
| Deferred charges and accrued income | 490/1 | €14,285 | €8,577 | -€5,708 | -40.0% |
| Total equity and liabilities | 10/49 | €761,222 | €658,221 | -€103,001 | -13.5% |
| Equity | 10/15 | €145,493 | €161,814 | +€16,322 | +11.2% |
| Contributions | 10/11 | €8,200 | €8,200 | = | 0.0% |
| Reserves | 13 | €137,293 | €153,614 | +€16,322 | +11.9% |
| Distributable reserves | 133 | €137,293 | €153,614 | +€16,322 | +11.9% |
| Amounts payable | 17/49 | €615,730 | €496,407 | -€119,323 | -19.4% |
| Amounts payable after more than one year | 17 | €170,082 | €150,000 | -€20,082 | -11.8% |
| Financial debts | 170/4 | €170,082 | €150,000 | -€20,082 | -11.8% |
| Amounts payable within one year | 42/48 | €443,220 | €332,728 | -€110,491 | -24.9% |
| Current portion of amounts payable after more than one year | 42 | €23,875 | €20,082 | -€3,793 | -15.9% |
| Financial debts | 43 | €382,667 | €232,490 | -€150,177 | -39.2% |
| Credit institutions | 430/8 | €382,667 | €232,490 | -€150,177 | -39.2% |
| Trade debts | 44 | €13,572 | €15,877 | +€2,305 | +17.0% |
| Suppliers | 440/4 | €13,572 | €15,877 | +€2,305 | +17.0% |
| Taxes, remuneration and social security | 45 | €9,668 | €8,580 | -€1,088 | -11.3% |
| Taxes | 450/3 | €9,668 | €8,580 | -€1,088 | -11.3% |
| Other amounts payable | 47/48 | €13,438 | €55,700 | +€42,262 | +314% |
| Accrued charges and deferred income | 492/3 | €2,428 | €13,678 | +€11,250 | +463% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,595 | €41,727 | +€132 | +0.3% |
| Other operating charges | 640/8 | €3,402 | €3,411 | +€9 | +0.2% |
| Gross operating margin | 9900 | €101,289 | €89,517 | -€11,772 | -11.6% |
| Operating profit (loss) | 9901 | €56,292 | €44,380 | -€11,912 | -21.2% |
| Financial income | 75/76B | €812 | €2,461 | +€1,650 | +203% |
| Recurring financial income | 75 | €812 | €2,461 | +€1,650 | +203% |
| Financial charges | 65/66B | €7,059 | €16,337 | +€9,278 | +131% |
| Recurring financial charges | 65 | €7,059 | €16,337 | +€9,278 | +131% |
| Profit (loss) for the period before taxes | 9903 | €50,044 | €30,504 | -€19,540 | -39.0% |
| Income taxes | 67/77 | €20,611 | €14,183 | -€6,428 | -31.2% |
| Profit (loss) for the period | 9904 | €29,433 | €16,322 | -€13,112 | -44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €29,433 | €16,322 | -€13,112 | -44.5% |
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 18 October 2026 via checked.be.