Johan De Wil: what changed
Johan De Wil
Largest movements
- Cash -€43,550
down €43,550 (-92.4%), from €47,157 to €3,607
mainly Debts after one year (-€35,303) and Other debts (-€18,000)
- Tangible fixed assets -€9,371
down €9,371 (-75.0%), from €12,495 to €3,123
of which Furniture and vehicles: -€8,962
- Current investments +€6,186
up €6,186 (+89.5%), from €6,915 to €13,101
- Receivables within one year +€5,528
up €5,528 (+38.4%), from €14,380 to €19,909
- Debts after one year -€35,303
down €35,303 (-16.7%), from €211,818 to €176,515
- Other debts -€18,000
no longer reported in 2026 (was €18,000)
- Reserves +€13,189
up €13,189 (+26.1%), from €50,508 to €63,697
- Trade debts +€10,364
up €10,364 (+179%), from €5,788 to €16,152
- Tax, wage and social debts -€8,023
down €8,023 (-71.5%), from €11,218 to €3,195
of which Taxes: -€11,218
- Gross operating margin -€15,557
down €15,557 (-30.6%), from €50,882 to €35,325
- Taxes -€4,416
down €4,416 (-52.3%), from €8,448 to €4,032
- Financial charges +€2,853
up €2,853 (+62.1%), from €4,596 to €7,448
- Other operating charges +€1,400
up €1,400 (+171%), from €818 to €2,218
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €346,134 | €304,928 | -€41,206 | -11.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €277,595 | €268,223 | -€9,371 | -3.4% |
| Tangible fixed assets | 22/27 | €12,495 | €3,123 | -€9,371 | -75.0% |
| Plant, machinery and equipment | 23 | €410 | €0 | -€410 | -100% |
| Furniture and vehicles | 24 | €12,085 | €3,123 | -€8,962 | -74.2% |
| Financial fixed assets | 28 | €265,100 | €265,100 | = | 0.0% |
| Current assets | 29/58 | €68,539 | €36,705 | -€31,834 | -46.4% |
| Amounts receivable within one year | 40/41 | €14,380 | €19,909 | +€5,528 | +38.4% |
| Other amounts receivable | 41 | €14,380 | €19,909 | +€5,528 | +38.4% |
| Current investments | 50/53 | €6,915 | €13,101 | +€6,186 | +89.5% |
| Cash at bank and in hand | 54/58 | €47,157 | €3,607 | -€43,550 | -92.4% |
| Deferred charges and accrued income | 490/1 | €87 | €89 | +€2 | +2.4% |
| Total equity and liabilities | 10/49 | €346,134 | €304,928 | -€41,206 | -11.9% |
| Equity | 10/15 | €60,508 | €73,697 | +€13,189 | +21.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €50,508 | €63,697 | +€13,189 | +26.1% |
| Distributable reserves | 133 | €50,508 | €63,697 | +€13,189 | +26.1% |
| Amounts payable | 17/49 | €285,626 | €231,231 | -€54,394 | -19.0% |
| Amounts payable after more than one year | 17 | €211,818 | €176,515 | -€35,303 | -16.7% |
| Financial debts | 170/4 | €211,818 | €176,515 | -€35,303 | -16.7% |
| Amounts payable within one year | 42/48 | €73,742 | €54,650 | -€19,093 | -25.9% |
| Current portion of amounts payable after more than one year | 42 | €38,736 | €35,303 | -€3,433 | -8.9% |
| Trade debts | 44 | €5,788 | €16,152 | +€10,364 | +179% |
| Suppliers | 440/4 | €5,788 | €16,152 | +€10,364 | +179% |
| Taxes, remuneration and social security | 45 | €11,218 | €3,195 | -€8,023 | -71.5% |
| Taxes | 450/3 | €11,218 | - | -€11,218 | |
| Remuneration and social security | 454/9 | - | €3,195 | +€3,195 | |
| Other amounts payable | 47/48 | €18,000 | - | -€18,000 | |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €5,155 | €240 | -€4,914 | -95.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,662 | €9,371 | -€291 | -3.0% |
| Other operating charges | 640/8 | €818 | €2,218 | +€1,400 | +171% |
| Gross operating margin | 9900 | €50,882 | €35,325 | -€15,557 | -30.6% |
| Operating profit (loss) | 9901 | €40,402 | €23,735 | -€16,666 | -41.3% |
| Financial income | 75/76B | €511 | €933 | +€423 | +82.8% |
| Recurring financial income | 75 | €511 | €933 | +€423 | +82.8% |
| Financial charges | 65/66B | €4,596 | €7,448 | +€2,853 | +62.1% |
| Recurring financial charges | 65 | €4,596 | €7,448 | +€2,853 | +62.1% |
| Profit (loss) for the period before taxes | 9903 | €36,316 | €17,220 | -€19,096 | -52.6% |
| Income taxes | 67/77 | €8,448 | €4,032 | -€4,416 | -52.3% |
| Profit (loss) for the period | 9904 | €27,868 | €13,189 | -€14,680 | -52.7% |
| Profit (loss) for the period to be appropriated | 9905 | €27,868 | €13,189 | -€14,680 | -52.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.