Olivier Van Wouwe: what changed
Olivier Van Wouwe
Largest movements
- Receivables within one year +€21,175
up €21,175 (+922%), from €2,297 to €23,472
of which Trade receivables: +€21,175
- Receivables after one year -€20,164
no longer reported in 2025 (was €20,164)
- Cash -€12,547
down €12,547 (-35.2%), from €35,639 to €23,093
mainly Contributions, distributions and other (-€153,561) and Receivables within one year (-€21,175)
- Deferred charges and accrued income -€1,598
down €1,598 (-50.5%), from €3,161 to €1,563
- Tangible fixed assets -€1,420
down €1,420 (-23.0%), from €6,171 to €4,751
- Profit (loss) carried forward -€25,774
no longer reported in 2025 (was €25,774)
- Tax, wage and social debts +€14,886
up €14,886 (+181%), from €8,228 to €23,114
- Other debts -€8,618
down €8,618 (-28.6%), from €30,153 to €21,534
- Trade debts +€4,852
up €4,852 (+352%), from €1,378 to €6,230
- Gross operating margin +€37,507
up €37,507 (+29.0%), from €129,373 to €166,880
- Taxes +€7,803
up €7,803 (+26.4%), from €29,503 to €37,307
- Financial income -€6,533
down €6,533 (-93.6%), from €6,979 to €445
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 | €67,532 | €52,879 | -€14,654 | -21.7% |
| Fixed assets | 21/28 | €6,271 | €4,751 | -€1,520 | -24.2% |
| Tangible fixed assets | 22/27 | €6,171 | €4,751 | -€1,420 | -23.0% |
| Furniture and vehicles | 24 | €6,171 | €4,751 | -€1,420 | -23.0% |
| Financial fixed assets | 28 | €100 | - | -€100 | |
| Current assets | 29/58 | €61,262 | €48,128 | -€13,134 | -21.4% |
| Amounts receivable after more than one year | 29 | €20,164 | - | -€20,164 | |
| Other amounts receivable | 291 | €20,164 | - | -€20,164 | |
| Amounts receivable within one year | 40/41 | €2,297 | €23,472 | +€21,175 | +922% |
| Trade receivables | 40 | - | €21,175 | +€21,175 | |
| Other amounts receivable | 41 | €2,297 | €2,297 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €35,639 | €23,093 | -€12,547 | -35.2% |
| Deferred charges and accrued income | 490/1 | €3,161 | €1,563 | -€1,598 | -50.5% |
| Total equity and liabilities | 10/49 | €67,532 | €52,879 | -€14,654 | -21.7% |
| Equity | 10/15 | €27,774 | €2,000 | -€25,774 | -92.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €25,774 | - | -€25,774 | |
| Amounts payable | 17/49 | €39,759 | €50,879 | +€11,120 | +28.0% |
| Amounts payable within one year | 42/48 | €39,759 | €50,879 | +€11,120 | +28.0% |
| Trade debts | 44 | €1,378 | €6,230 | +€4,852 | +352% |
| Suppliers | 440/4 | €1,378 | €6,230 | +€4,852 | +352% |
| Taxes, remuneration and social security | 45 | €8,228 | €23,114 | +€14,886 | +181% |
| Taxes | 450/3 | €8,228 | €23,114 | +€14,886 | +181% |
| Other amounts payable | 47/48 | €30,153 | €21,534 | -€8,618 | -28.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €930 | €1,420 | +€490 | +52.7% |
| Other operating charges | 640/8 | €740 | €741 | +€0 | +0.1% |
| Gross operating margin | 9900 | €129,373 | €166,880 | +€37,507 | +29.0% |
| Operating profit (loss) | 9901 | €127,702 | €164,719 | +€37,017 | +29.0% |
| Financial income | 75/76B | €6,979 | €445 | -€6,533 | -93.6% |
| Recurring financial income | 75 | €6,979 | €445 | -€6,533 | -93.6% |
| Financial charges | 65/66B | €146 | €71 | -€75 | -51.7% |
| Recurring financial charges | 65 | €146 | €71 | -€75 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | €134,535 | €165,094 | +€30,559 | +22.7% |
| Income taxes | 67/77 | €29,503 | €37,307 | +€7,803 | +26.4% |
| Profit (loss) for the period | 9904 | €105,032 | €127,787 | +€22,755 | +21.7% |
| Profit (loss) for the period to be appropriated | 9905 | €105,032 | €127,787 | +€22,755 | +21.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.