LOUIS WAUTERS: what changed
LOUIS WAUTERS
Largest movements
- Cash +€117,286
up €117,286 (+214%), from €54,778 to €172,063
mainly Net result for the year (+€103,131) and Current investments (+€30,000)
- Current investments -€30,000
down €30,000 (-30.0%), from €100,000 to €70,000
- Receivables within one year +€14,975
up €14,975 (+77.8%), from €19,242 to €34,217
- Deferred charges and accrued income -€4,785
down €4,785 (-100%), from €4,785 to €0
- Profit (loss) carried forward +€103,131
up €103,131 (+76.1%), from €135,537 to €238,667
- Tax, wage and social debts -€5,075
down €5,075 (-12.3%), from €41,202 to €36,127
of which Taxes: -€7,025
- Gross operating margin -€41,131
down €41,131 (-23.6%), from €174,465 to €133,334
- Taxes -€10,076
down €10,076 (-26.1%), from €38,541 to €28,465
- Staff costs +€2,266
new in 2025: €2,266
- Financial income +€2,242
new in 2025: €2,242
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,389 | €280,475 | +€98,087 | +53.8% |
| Fixed assets | 21/28 | €3,584 | €4,195 | +€611 | +17.1% |
| Tangible fixed assets | 22/27 | €3,584 | €4,195 | +€611 | +17.1% |
| Plant, machinery and equipment | 23 | €3,584 | €4,195 | +€611 | +17.1% |
| Current assets | 29/58 | €178,805 | €276,280 | +€97,475 | +54.5% |
| Amounts receivable within one year | 40/41 | €19,242 | €34,217 | +€14,975 | +77.8% |
| Trade receivables | 40 | €19,242 | €34,217 | +€14,975 | +77.8% |
| Current investments | 50/53 | €100,000 | €70,000 | -€30,000 | -30.0% |
| Cash at bank and in hand | 54/58 | €54,778 | €172,063 | +€117,286 | +214% |
| Deferred charges and accrued income | 490/1 | €4,785 | €0 | -€4,785 | -100% |
| Total equity and liabilities | 10/49 | €182,389 | €280,475 | +€98,087 | +53.8% |
| Equity | 10/15 | €140,537 | €243,667 | +€103,131 | +73.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €135,537 | €238,667 | +€103,131 | +76.1% |
| Amounts payable | 17/49 | €41,852 | €36,808 | -€5,044 | -12.1% |
| Amounts payable within one year | 42/48 | €41,852 | €36,808 | -€5,044 | -12.1% |
| Trade debts | 44 | €650 | €681 | +€31 | +4.8% |
| Suppliers | 440/4 | €650 | €681 | +€31 | +4.8% |
| Taxes, remuneration and social security | 45 | €41,202 | €36,127 | -€5,075 | -12.3% |
| Taxes | 450/3 | €41,202 | €34,177 | -€7,025 | -17.1% |
| Remuneration and social security | 454/9 | - | €1,950 | +€1,950 | |
| Remuneration, social security and pensions | 62 | - | €2,266 | +€2,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €405 | +€405 | |
| Other operating charges | 640/8 | €227 | €120 | -€107 | -47.1% |
| Non-recurring operating charges | 66A | - | €1,084 | +€1,084 | |
| Gross operating margin | 9900 | €174,465 | €133,334 | -€41,131 | -23.6% |
| Operating profit (loss) | 9901 | €174,238 | €129,460 | -€44,779 | -25.7% |
| Financial income | 75/76B | - | €2,242 | +€2,242 | |
| Recurring financial income | 75 | - | €2,242 | +€2,242 | |
| Financial charges | 65/66B | €160 | €106 | -€54 | -34.0% |
| Recurring financial charges | 65 | €160 | €106 | -€54 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €174,078 | €131,596 | -€42,482 | -24.4% |
| Income taxes | 67/77 | €38,541 | €28,465 | -€10,076 | -26.1% |
| Profit (loss) for the period | 9904 | €135,537 | €103,131 | -€32,406 | -23.9% |
| Profit (loss) for the period to be appropriated | 9905 | €135,537 | €103,131 | -€32,406 | -23.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.