M. DE WILDE: 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.
M. DE WILDE
Largest movements
- Receivables within one year -€43,967
down €43,967 (-85.2%), from €51,600 to €7,633
of which Trade receivables: -€42,555
- Cash -€22,159
down €22,159 (-95.1%), from €23,306 to €1,147
mainly Net result for the year (-€67,386) and Tax, wage and social debts (-€11,020)
- Tangible fixed assets -€18,548
down €18,548 (-5.8%), from €320,967 to €302,419
of which Land and buildings: -€17,557
- Profit (loss) carried forward -€67,386
down €67,386 (-56.9%), from -€118,406 to -€185,792
- Tax, wage and social debts -€11,020
down €11,020 (-96.0%), from €11,480 to €460
of which Taxes: -€8,734
- Accrued charges and deferred income -€7,509
no longer reported in 2025 (was €7,509)
- Gross operating margin -€57,268
down €57,268, from €17,441 to -€39,826
- Staff costs -€15,822
down €15,822 (-82.7%), from €19,130 to €3,308
- Financial charges +€1,621
up €1,621 (+328%), from €495 to €2,116
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 | €466,068 | €381,394 | -€84,674 | -18.2% |
| Fixed assets | 21/28 | €384,226 | €365,678 | -€18,548 | -4.8% |
| Intangible fixed assets | 21 | €61,970 | €61,970 | = | 0.0% |
| Tangible fixed assets | 22/27 | €320,967 | €302,419 | -€18,548 | -5.8% |
| Land and buildings | 22 | €318,984 | €301,427 | -€17,557 | -5.5% |
| Furniture and vehicles | 24 | €1,983 | €992 | -€992 | -50.0% |
| Financial fixed assets | 28 | €1,289 | €1,289 | = | 0.0% |
| Current assets | 29/58 | €81,842 | €15,716 | -€66,126 | -80.8% |
| Stocks and contracts in progress | 3 | €6,936 | €6,936 | = | 0.0% |
| Stocks | 30/36 | €6,936 | €6,936 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,600 | €7,633 | -€43,967 | -85.2% |
| Trade receivables | 40 | €48,813 | €6,258 | -€42,555 | -87.2% |
| Other amounts receivable | 41 | €2,788 | €1,375 | -€1,412 | -50.7% |
| Cash at bank and in hand | 54/58 | €23,306 | €1,147 | -€22,159 | -95.1% |
| Total equity and liabilities | 10/49 | €466,068 | €381,394 | -€84,674 | -18.2% |
| Equity | 10/15 | €234,887 | €167,501 | -€67,386 | -28.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €245,603 | €245,603 | = | 0.0% |
| Reserves | 13 | €89,091 | €89,091 | = | 0.0% |
| Distributable reserves | 133 | €89,091 | €89,091 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€118,406 | -€185,792 | -€67,386 | -56.9% |
| Amounts payable | 17/49 | €231,181 | €213,893 | -€17,288 | -7.5% |
| Amounts payable after more than one year | 17 | €168,437 | €168,437 | = | 0.0% |
| Other amounts payable | 178/9 | €168,437 | €168,437 | = | 0.0% |
| Amounts payable within one year | 42/48 | €55,234 | €45,456 | -€9,778 | -17.7% |
| Trade debts | 44 | €4,450 | €6,270 | +€1,820 | +40.9% |
| Suppliers | 440/4 | €4,450 | €6,270 | +€1,820 | +40.9% |
| Taxes, remuneration and social security | 45 | €11,480 | €460 | -€11,020 | -96.0% |
| Taxes | 450/3 | €9,194 | €460 | -€8,734 | -95.0% |
| Remuneration and social security | 454/9 | €2,286 | - | -€2,286 | |
| Other amounts payable | 47/48 | €39,305 | €38,726 | -€579 | -1.5% |
| Accrued charges and deferred income | 492/3 | €7,509 | - | -€7,509 | |
| Remuneration, social security and pensions | 62 | €19,130 | €3,308 | -€15,822 | -82.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,548 | €18,548 | = | 0.0% |
| Other operating charges | 640/8 | €3,482 | €3,692 | +€210 | +6.0% |
| Non-recurring operating charges | 66A | €3,855 | - | -€3,855 | |
| Gross operating margin | 9900 | €17,441 | -€39,826 | -€57,268 | |
| Operating profit (loss) | 9901 | -€27,574 | -€65,375 | -€37,801 | -137% |
| Financial income | 75/76B | €77 | €105 | +€27 | +35.5% |
| Recurring financial income | 75 | €77 | €105 | +€27 | +35.5% |
| Financial charges | 65/66B | €495 | €2,116 | +€1,621 | +328% |
| Recurring financial charges | 65 | €495 | €2,116 | +€1,621 | +328% |
| Profit (loss) for the period before taxes | 9903 | -€27,991 | -€67,386 | -€39,395 | -141% |
| Profit (loss) for the period | 9904 | -€27,991 | -€67,386 | -€39,395 | -141% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,991 | -€67,386 | -€39,395 | -141% |
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 23 October 2026 via checked.be.