JORIS WOUTERS: 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.
JORIS WOUTERS
Largest movements
- Receivables within one year +€77,206
up €77,206 (+78.6%), from €98,183 to €175,388
of which Other amounts receivable: +€49,272
- Cash -€43,299
down €43,299 (-42.6%), from €101,661 to €58,362
mainly Receivables within one year (-€77,206) and Contributions, distributions and other (-€66,500)
- Receivables after one year -€16,000
down €16,000 (-100%), from €16,000 to €0
- Deferred charges and accrued income -€10,438
down €10,438 (-4.1%), from €255,000 to €244,562
- Other debts +€31,500
up €31,500 (+90.0%), from €35,000 to €66,500
- Reserves -€13,072
down €13,072 (-5.2%), from €251,218 to €238,146
- Debts after one year -€11,636
down €11,636 (-14.8%), from €78,746 to €67,109
- Financial income -€3,953
down €3,953 (-43.0%), from €9,201 to €5,247
- Other operating charges -€1,138
down €1,138 (-20.0%), from €5,697 to €4,560
- Gross operating margin +€908
up €908 (+1.1%), from €84,325 to €85,232
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 | €474,248 | €480,534 | +€6,286 | +1.3% |
| Fixed assets | 21/28 | €3,404 | €2,221 | -€1,183 | -34.8% |
| Tangible fixed assets | 22/27 | €3,404 | €2,221 | -€1,183 | -34.8% |
| Plant, machinery and equipment | 23 | €2,191 | €1,923 | -€268 | -12.2% |
| Furniture and vehicles | 24 | €1,213 | €298 | -€915 | -75.4% |
| Current assets | 29/58 | €470,844 | €478,313 | +€7,469 | +1.6% |
| Amounts receivable after more than one year | 29 | €16,000 | €0 | -€16,000 | -100% |
| Other amounts receivable | 291 | €16,000 | €0 | -€16,000 | -100% |
| Amounts receivable within one year | 40/41 | €98,183 | €175,388 | +€77,206 | +78.6% |
| Trade receivables | 40 | €3,648 | €31,582 | +€27,934 | +766% |
| Other amounts receivable | 41 | €94,535 | €143,807 | +€49,272 | +52.1% |
| Cash at bank and in hand | 54/58 | €101,661 | €58,362 | -€43,299 | -42.6% |
| Deferred charges and accrued income | 490/1 | €255,000 | €244,562 | -€10,438 | -4.1% |
| Total equity and liabilities | 10/49 | €474,248 | €480,534 | +€6,286 | +1.3% |
| Equity | 10/15 | €263,618 | €250,546 | -€13,072 | -5.0% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €251,218 | €238,146 | -€13,072 | -5.2% |
| Distributable reserves | 133 | €251,218 | €238,146 | -€13,072 | -5.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €210,630 | €229,988 | +€19,358 | +9.2% |
| Amounts payable after more than one year | 17 | €78,746 | €67,109 | -€11,636 | -14.8% |
| Financial debts | 170/4 | €78,746 | €67,109 | -€11,636 | -14.8% |
| Amounts payable within one year | 42/48 | €131,885 | €162,879 | +€30,994 | +23.5% |
| Current portion of amounts payable after more than one year | 42 | €11,170 | €11,636 | +€467 | +4.2% |
| Trade debts | 44 | €17,765 | €20,057 | +€2,292 | +12.9% |
| Suppliers | 440/4 | €17,765 | €20,057 | +€2,292 | +12.9% |
| Taxes, remuneration and social security | 45 | €67,950 | €64,686 | -€3,265 | -4.8% |
| Taxes | 450/3 | €67,950 | €64,686 | -€3,265 | -4.8% |
| Other amounts payable | 47/48 | €35,000 | €66,500 | +€31,500 | +90.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,830 | €1,843 | +€14 | +0.8% |
| Other operating charges | 640/8 | €5,697 | €4,560 | -€1,138 | -20.0% |
| Gross operating margin | 9900 | €84,325 | €85,232 | +€908 | +1.1% |
| Operating profit (loss) | 9901 | €76,798 | €78,829 | +€2,031 | +2.6% |
| Financial income | 75/76B | €9,201 | €5,247 | -€3,953 | -43.0% |
| Recurring financial income | 75 | €9,201 | €5,247 | -€3,953 | -43.0% |
| Financial charges | 65/66B | €7,749 | €7,218 | -€530 | -6.8% |
| Recurring financial charges | 65 | €7,749 | €7,218 | -€530 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | €78,250 | €76,858 | -€1,392 | -1.8% |
| Income taxes | 67/77 | €23,729 | €23,430 | -€299 | -1.3% |
| Profit (loss) for the period | 9904 | €54,521 | €53,428 | -€1,093 | -2.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,521 | €53,428 | -€1,093 | -2.0% |
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 26 October 2026 via checked.be.