Ken Wuyts: 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.
Ken Wuyts
Largest movements
- Tangible fixed assets -€7,119
down €7,119 (-21.5%), from €33,130 to €26,011
of which Furniture and vehicles: -€9,100
- Receivables within one year +€3,822
up €3,822 (+31.6%), from €12,096 to €15,918
of which Other amounts receivable: +€6,335
- Cash +€3,134
up €3,134 (+4.7%), from €66,101 to €69,235
mainly Other debts (+€49,836) and Net result for the year (+€10,765)
- Other debts +€49,836
up €49,836 (+3,924%), from €1,270 to €51,106
- Reserves -€48,059
down €48,059 (-65.4%), from €73,522 to €25,463
- Debts after one year -€9,229
down €9,229 (-36.0%), from €25,660 to €16,431
- Tax, wage and social debts +€6,746
up €6,746 (+532%), from €1,267 to €8,013
- Gross operating margin -€12,756
down €12,756 (-33.8%), from €37,773 to €25,017
- Taxes -€2,651
down €2,651 (-49.9%), from €5,316 to €2,665
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 | €113,936 | €113,649 | -€286 | -0.3% |
| Fixed assets | 21/28 | €33,130 | €26,011 | -€7,119 | -21.5% |
| Tangible fixed assets | 22/27 | €33,130 | €26,011 | -€7,119 | -21.5% |
| Plant, machinery and equipment | 23 | €297 | €2,278 | +€1,981 | +667% |
| Furniture and vehicles | 24 | €32,833 | €23,733 | -€9,100 | -27.7% |
| Current assets | 29/58 | €80,806 | €87,639 | +€6,833 | +8.5% |
| Amounts receivable within one year | 40/41 | €12,096 | €15,918 | +€3,822 | +31.6% |
| Trade receivables | 40 | €8,412 | €5,899 | -€2,513 | -29.9% |
| Other amounts receivable | 41 | €3,684 | €10,018 | +€6,335 | +172% |
| Cash at bank and in hand | 54/58 | €66,101 | €69,235 | +€3,134 | +4.7% |
| Deferred charges and accrued income | 490/1 | €2,609 | €2,487 | -€123 | -4.7% |
| Total equity and liabilities | 10/49 | €113,936 | €113,649 | -€286 | -0.3% |
| Equity | 10/15 | €76,522 | €28,463 | -€48,059 | -62.8% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €73,522 | €25,463 | -€48,059 | -65.4% |
| Distributable reserves | 133 | €73,522 | €25,463 | -€48,059 | -65.4% |
| Amounts payable | 17/49 | €37,414 | €85,187 | +€47,773 | +128% |
| Amounts payable after more than one year | 17 | €25,660 | €16,431 | -€9,229 | -36.0% |
| Financial debts | 170/4 | €25,660 | €16,431 | -€9,229 | -36.0% |
| Amounts payable within one year | 42/48 | €11,754 | €68,756 | +€57,001 | +485% |
| Current portion of amounts payable after more than one year | 42 | €8,784 | €9,229 | +€445 | +5.1% |
| Trade debts | 44 | €433 | €408 | -€25 | -5.8% |
| Suppliers | 440/4 | €433 | €408 | -€25 | -5.8% |
| Taxes, remuneration and social security | 45 | €1,267 | €8,013 | +€6,746 | +532% |
| Taxes | 450/3 | €1,267 | €8,013 | +€6,746 | +532% |
| Other amounts payable | 47/48 | €1,270 | €51,106 | +€49,836 | +3,924% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,363 | €9,655 | +€292 | +3.1% |
| Other operating charges | 640/8 | €223 | €162 | -€61 | -27.2% |
| Gross operating margin | 9900 | €37,773 | €25,017 | -€12,756 | -33.8% |
| Operating profit (loss) | 9901 | €28,187 | €15,200 | -€12,987 | -46.1% |
| Financial charges | 65/66B | €2,011 | €1,770 | -€241 | -12.0% |
| Recurring financial charges | 65 | €2,011 | €1,770 | -€241 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €26,176 | €13,430 | -€12,746 | -48.7% |
| Income taxes | 67/77 | €5,316 | €2,665 | -€2,651 | -49.9% |
| Profit (loss) for the period | 9904 | €20,860 | €10,765 | -€10,095 | -48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,860 | €10,765 | -€10,095 | -48.4% |
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.