Kine Wouter Lisabeth: 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.
Kine Wouter Lisabeth
Largest movements
- Cash +€30,786
up €30,786 (+62.3%), from €49,397 to €80,183
mainly Net result for the year (+€18,452) and Depreciation (+€12,596)
- Tangible fixed assets -€11,769
down €11,769 (-37.8%), from €31,169 to €19,400
of which Plant, machinery and equipment: -€8,376
- Current investments +€8,995
up €8,995 (+17.1%), from €52,504 to €61,499
- Reserves +€18,452
up €18,452 (+20.3%), from €90,730 to €109,182
- Accrued charges and deferred income +€10,416
up €10,416 (+1,488%), from €700 to €11,116
- Debts after one year -€2,629
down €2,629 (-6.9%), from €38,198 to €35,569
- Tax, wage and social debts +€1,733
up €1,733 (+44.2%), from €3,918 to €5,651
of which Taxes: +€1,733
- Gross operating margin -€20,795
down €20,795 (-32.9%), from €63,273 to €42,478
- Other operating charges +€961
up €961 (+244%), from €394 to €1,355
- Financial charges -€825
down €825 (-21.4%), from €3,856 to €3,031
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 | €136,046 | €164,859 | +€28,812 | +21.2% |
| Fixed assets | 21/28 | €33,648 | €21,053 | -€12,596 | -37.4% |
| Intangible fixed assets | 21 | €2,479 | €1,653 | -€826 | -33.3% |
| Tangible fixed assets | 22/27 | €31,169 | €19,400 | -€11,769 | -37.8% |
| Plant, machinery and equipment | 23 | €25,482 | €17,106 | -€8,376 | -32.9% |
| Furniture and vehicles | 24 | €5,688 | €2,294 | -€3,393 | -59.7% |
| Current assets | 29/58 | €102,398 | €143,806 | +€41,408 | +40.4% |
| Amounts receivable within one year | 40/41 | €497 | €2,124 | +€1,626 | +327% |
| Other amounts receivable | 41 | €497 | €2,124 | +€1,626 | +327% |
| Current investments | 50/53 | €52,504 | €61,499 | +€8,995 | +17.1% |
| Cash at bank and in hand | 54/58 | €49,397 | €80,183 | +€30,786 | +62.3% |
| Total equity and liabilities | 10/49 | €136,046 | €164,859 | +€28,812 | +21.2% |
| Equity | 10/15 | €93,230 | €111,682 | +€18,452 | +19.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €90,730 | €109,182 | +€18,452 | +20.3% |
| Distributable reserves | 133 | €90,730 | €109,182 | +€18,452 | +20.3% |
| Amounts payable | 17/49 | €42,816 | €53,176 | +€10,360 | +24.2% |
| Amounts payable after more than one year | 17 | €38,198 | €35,569 | -€2,629 | -6.9% |
| Other amounts payable | 178/9 | €38,198 | €35,569 | -€2,629 | -6.9% |
| Amounts payable within one year | 42/48 | €3,918 | €6,491 | +€2,573 | +65.7% |
| Trade debts | 44 | €0 | - | = | |
| Suppliers | 440/4 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,918 | €5,651 | +€1,733 | +44.2% |
| Taxes | 450/3 | €2,018 | €3,751 | +€1,733 | +85.9% |
| Remuneration and social security | 454/9 | €1,900 | €1,900 | = | 0.0% |
| Other amounts payable | 47/48 | - | €840 | +€840 | |
| Accrued charges and deferred income | 492/3 | €700 | €11,116 | +€10,416 | +1,488% |
| Remuneration, social security and pensions | 62 | €0 | €19 | +€19 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,430 | €12,596 | +€165 | +1.3% |
| Other operating charges | 640/8 | €394 | €1,355 | +€961 | +244% |
| Gross operating margin | 9900 | €63,273 | €42,478 | -€20,795 | -32.9% |
| Operating profit (loss) | 9901 | €50,448 | €28,509 | -€21,939 | -43.5% |
| Financial income | 75/76B | €401 | €1 | -€400 | -99.7% |
| Recurring financial income | 75 | €401 | €1 | -€400 | -99.7% |
| Financial charges | 65/66B | €3,856 | €3,031 | -€825 | -21.4% |
| Recurring financial charges | 65 | €3,856 | €3,031 | -€825 | -21.4% |
| Profit (loss) for the period before taxes | 9903 | €46,994 | €25,479 | -€21,515 | -45.8% |
| Income taxes | 67/77 | €6,715 | €7,027 | +€312 | +4.6% |
| Profit (loss) for the period | 9904 | €40,279 | €18,452 | -€21,827 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,279 | €18,452 | -€21,827 | -54.2% |
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 16 October 2026 via checked.be.