KANTOOR DE WITTE: 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.
KANTOOR DE WITTE
Largest movements
- Cash +€157,366
up €157,366 (+104%), from €151,539 to €308,905
mainly Other debts (+€160,549) and Net result for the year (+€152,514)
- Current investments -€74,281
down €74,281 (-24.0%), from €308,939 to €234,658
- Receivables within one year +€53,511
up €53,511 (+138%), from €38,756 to €92,267
of which Trade receivables: +€46,091
- Tangible fixed assets -€36,997
down €36,997 (-5.0%), from €747,231 to €710,235
- Deferred charges and accrued income -€16,031
down €16,031 (-63.6%), from €25,188 to €9,156
- Other debts +€160,549
up €160,549 (+200%), from €80,271 to €240,819
- Reserves -€76,000
down €76,000 (-13.8%), from €549,199 to €473,199
of which Distributable reserves: -€76,000
- Debts after one year -€48,273
down €48,273 (-10.5%), from €459,354 to €411,081
- Trade debts +€36,922
up €36,922 (+388%), from €9,515 to €46,438
- Gross operating margin -€19,538
down €19,538 (-4.5%), from €434,541 to €415,004
- Taxes -€6,104
down €6,104 (-8.6%), from €71,024 to €64,920
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 | €1,271,653 | €1,355,221 | +€83,569 | +6.6% |
| Fixed assets | 21/28 | €747,231 | €710,235 | -€36,997 | -5.0% |
| Tangible fixed assets | 22/27 | €747,231 | €710,235 | -€36,997 | -5.0% |
| Land and buildings | 22 | €629,158 | €611,421 | -€17,737 | -2.8% |
| Plant, machinery and equipment | 23 | €11,268 | €11,869 | +€601 | +5.3% |
| Furniture and vehicles | 24 | €11,006 | €3,120 | -€7,885 | -71.6% |
| Other tangible fixed assets | 26 | €95,800 | €83,825 | -€11,975 | -12.5% |
| Current assets | 29/58 | €524,421 | €644,986 | +€120,565 | +23.0% |
| Amounts receivable within one year | 40/41 | €38,756 | €92,267 | +€53,511 | +138% |
| Trade receivables | 40 | €38,756 | €84,846 | +€46,091 | +119% |
| Other amounts receivable | 41 | €0 | €7,421 | +€7,421 | |
| Current investments | 50/53 | €308,939 | €234,658 | -€74,281 | -24.0% |
| Cash at bank and in hand | 54/58 | €151,539 | €308,905 | +€157,366 | +104% |
| Deferred charges and accrued income | 490/1 | €25,188 | €9,156 | -€16,031 | -63.6% |
| Total equity and liabilities | 10/49 | €1,271,653 | €1,355,221 | +€83,569 | +6.6% |
| Equity | 10/15 | €620,105 | €544,118 | -€75,986 | -12.3% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €549,199 | €473,199 | -€76,000 | -13.8% |
| Tax-exempt reserves | 132 | €1,199 | €1,199 | = | 0.0% |
| Distributable reserves | 133 | €548,000 | €472,000 | -€76,000 | -13.9% |
| Profit (loss) carried forward | 14 | €50,906 | €50,920 | +€14 | 0.0% |
| Amounts payable | 17/49 | €651,548 | €811,103 | +€159,555 | +24.5% |
| Amounts payable after more than one year | 17 | €459,354 | €411,081 | -€48,273 | -10.5% |
| Financial debts | 170/4 | €459,354 | €411,081 | -€48,273 | -10.5% |
| Amounts payable within one year | 42/48 | €191,618 | €399,494 | +€207,877 | +108% |
| Current portion of amounts payable after more than one year | 42 | €56,589 | €64,985 | +€8,396 | +14.8% |
| Trade debts | 44 | €9,515 | €46,438 | +€36,922 | +388% |
| Suppliers | 440/4 | €9,515 | €46,438 | +€36,922 | +388% |
| Taxes, remuneration and social security | 45 | €45,243 | €47,253 | +€2,010 | +4.4% |
| Taxes | 450/3 | €32,942 | €28,655 | -€4,287 | -13.0% |
| Remuneration and social security | 454/9 | €12,301 | €18,598 | +€6,297 | +51.2% |
| Other amounts payable | 47/48 | €80,271 | €240,819 | +€160,549 | +200% |
| Accrued charges and deferred income | 492/3 | €576 | €527 | -€48 | -8.4% |
| Remuneration, social security and pensions | 62 | €115,576 | €119,763 | +€4,186 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €65,590 | €63,964 | -€1,626 | -2.5% |
| Other operating charges | 640/8 | €4,013 | €4,128 | +€116 | +2.9% |
| Gross operating margin | 9900 | €434,541 | €415,004 | -€19,538 | -4.5% |
| Operating profit (loss) | 9901 | €249,362 | €227,149 | -€22,214 | -8.9% |
| Financial income | 75/76B | €3,276 | €7,005 | +€3,729 | +114% |
| Recurring financial income | 75 | €3,276 | €7,005 | +€3,729 | +114% |
| Financial charges | 65/66B | €18,218 | €16,720 | -€1,499 | -8.2% |
| Recurring financial charges | 65 | €18,218 | €16,720 | -€1,499 | -8.2% |
| Profit (loss) for the period before taxes | 9903 | €234,420 | €217,434 | -€16,986 | -7.2% |
| Income taxes | 67/77 | €71,024 | €64,920 | -€6,104 | -8.6% |
| Profit (loss) for the period | 9904 | €163,396 | €152,514 | -€10,882 | -6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €163,396 | €152,514 | -€10,882 | -6.7% |
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 22 October 2026 via checked.be.