JOHAN DEWITTE: what changed
Two fiscal 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.
JOHAN DEWITTE
Largest movements
- Cash +€17,385
up €17,385 (+19.8%), from €87,707 to €105,092
mainly Net result for the year (+€18,271) and Depreciation (+€7,175)
- Receivables within one year -€3,087
down €3,087 (-24.3%), from €12,715 to €9,628
of which Trade receivables: -€4,645
- Tangible fixed assets -€2,009
down €2,009 (-9.1%), from €22,061 to €20,051
of which Leasing and similar rights: -€1,438
- Reserves +€18,271
up €18,271 (+23.5%), from €77,719 to €95,990
of which Distributable reserves: +€18,271
- Trade debts -€10,453
down €10,453 (-58.5%), from €17,867 to €7,414
- Tax, wage and social debts +€3,737
up €3,737 (+159.6%), from €2,342 to €6,079
of which Taxes: +€1,873
- Other debts +€1,845
up €1,845 (+43.0%), from €4,289 to €6,133
- Debts after one year -€1,524
down €1,524 (-48.4%), from €3,145 to €1,621
- Gross operating margin +€14,661
up €14,661 (+20.0%), from €73,188 to €87,850
- Depreciation -€7,298
down €7,298 (-50.4%), from €14,473 to €7,175
- Taxes +€5,387
up €5,387 (+4236.7%), from €127 to €5,515
- Financial income -€4,915
down €4,915 (-88.2%), from €5,571 to €656
- Staff costs +€2,557
up €2,557 (+4.9%), from €51,972 to €54,529
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.
Cash bridge derived
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 | €125,390 | €137,411 | +€12,021 | +9.6% |
| Fixed assets | 21/28 | €22,061 | €20,051 | -€2,009 | -9.1% |
| Tangible fixed assets | 22/27 | €22,061 | €20,051 | -€2,009 | -9.1% |
| Plant, machinery and equipment | 23 | €16,739 | €16,850 | +€111 | +0.7% |
| Furniture and vehicles | 24 | €929 | €247 | -€682 | -73.4% |
| Leasing and similar rights | 25 | €4,392 | €2,954 | -€1,438 | -32.7% |
| Current assets | 29/58 | €103,330 | €117,360 | +€14,030 | +13.6% |
| Stocks and contracts in progress | 3 | €2,908 | €2,641 | -€267 | -9.2% |
| Stocks | 30/36 | €2,908 | €2,641 | -€267 | -9.2% |
| Amounts receivable within one year | 40/41 | €12,715 | €9,628 | -€3,087 | -24.3% |
| Trade receivables | 40 | €9,845 | €5,201 | -€4,645 | -47.2% |
| Other amounts receivable | 41 | €2,870 | €4,427 | +€1,557 | +54.3% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €87,707 | €105,092 | +€17,385 | +19.8% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €125,390 | €137,411 | +€12,021 | +9.6% |
| Equity | 10/15 | €96,316 | €114,586 | +€18,271 | +19.0% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €77,719 | €95,990 | +€18,271 | +23.5% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €77,719 | €95,990 | +€18,271 | +23.5% |
| Profit (loss) carried forward | 14 | -€6,404 | -€6,404 | = | 0.0% |
| Amounts payable | 17/49 | €29,075 | €22,825 | -€6,250 | -21.5% |
| Amounts payable after more than one year | 17 | €3,145 | €1,621 | -€1,524 | -48.4% |
| Financial debts | 170/4 | €3,145 | €1,621 | -€1,524 | -48.4% |
| Amounts payable within one year | 42/48 | €25,929 | €21,151 | -€4,779 | -18.4% |
| Current portion of amounts payable after more than one year | 42 | €1,432 | €1,524 | +€92 | +6.4% |
| Trade debts | 44 | €17,867 | €7,414 | -€10,453 | -58.5% |
| Suppliers | 440/4 | €17,867 | €7,414 | -€10,453 | -58.5% |
| Taxes, remuneration and social security | 45 | €2,342 | €6,079 | +€3,737 | +159.6% |
| Taxes | 450/3 | €0 | €1,873 | +€1,873 | |
| Remuneration and social security | 454/9 | €2,342 | €4,206 | +€1,864 | +79.6% |
| Other amounts payable | 47/48 | €4,289 | €6,133 | +€1,845 | +43.0% |
| Accrued charges and deferred income | 492/3 | €0 | €53 | +€53 | |
| Remuneration, social security and pensions | 62 | €51,972 | €54,529 | +€2,557 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,473 | €7,175 | -€7,298 | -50.4% |
| Other operating charges | 640/8 | €2,125 | €2,539 | +€414 | +19.5% |
| Gross operating margin | 9900 | €73,188 | €87,850 | +€14,661 | +20.0% |
| Operating profit (loss) | 9901 | €4,618 | €23,606 | +€18,989 | +411.2% |
| Financial income | 75/76B | €5,571 | €656 | -€4,915 | -88.2% |
| Recurring financial income | 75 | €5,571 | €656 | -€4,915 | -88.2% |
| Financial charges | 65/66B | €620 | €477 | -€143 | -23.1% |
| Recurring financial charges | 65 | €620 | €477 | -€143 | -23.1% |
| Profit (loss) for the period before taxes | 9903 | €9,569 | €23,785 | +€14,216 | +148.6% |
| Income taxes | 67/77 | €127 | €5,515 | +€5,387 | +4236.7% |
| Profit (loss) for the period | 9904 | €9,442 | €18,271 | +€8,829 | +93.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,442 | €18,271 | +€8,829 | +93.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.