Peter 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.
Peter De Wilde
Largest movements
- Receivables within one year -€36,036
down €36,036 (-25.1%), from €143,319 to €107,283
- Stocks and contracts -€10,750
down €10,750 (-4.4%), from €241,800 to €231,050
- Cash -€9,253
down €9,253 (-69.7%), from €13,277 to €4,024
mainly Net result for the year (-€31,360) and Short-term financial debts (-€25,417)
- Trade debts +€35,197
new in 2025: €35,197
- Profit (loss) carried forward -€31,360
down €31,360 (-18.9%), from €165,895 to €134,535
- Short-term financial debts -€25,417
down €25,417 (-58.1%), from €43,717 to €18,300
- Current portion of long-term debt -€20,000
no longer reported in 2025 (was €20,000)
- Other debts -€13,382
down €13,382 (-24.9%), from €53,848 to €40,466
- Gross operating margin -€32,840
down €32,840, from €7,197 to -€25,643
- Depreciation -€2,679
no longer reported in 2025 (was €2,679)
- Taxes -€1,576
no longer reported in 2025 (was €1,576)
- Financial charges -€1,452
down €1,452 (-37.5%), from €3,876 to €2,424
- Other operating charges +€919
up €919 (+38.1%), from €2,415 to €3,334
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 | €488,773 | €432,734 | -€56,039 | -11.5% |
| Fixed assets | 21/28 | €90,377 | €90,377 | = | 0.0% |
| Intangible fixed assets | 21 | €12,890 | €12,890 | = | 0.0% |
| Tangible fixed assets | 22/27 | €77,237 | €77,237 | = | 0.0% |
| Land and buildings | 22 | €64,094 | €64,094 | = | 0.0% |
| Plant, machinery and equipment | 23 | €13,143 | €13,143 | = | 0.0% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €398,396 | €342,357 | -€56,039 | -14.1% |
| Stocks and contracts in progress | 3 | €241,800 | €231,050 | -€10,750 | -4.4% |
| Stocks | 30/36 | €241,800 | €231,050 | -€10,750 | -4.4% |
| Amounts receivable within one year | 40/41 | €143,319 | €107,283 | -€36,036 | -25.1% |
| Trade receivables | 40 | €143,319 | €107,283 | -€36,036 | -25.1% |
| Cash at bank and in hand | 54/58 | €13,277 | €4,024 | -€9,253 | -69.7% |
| Total equity and liabilities | 10/49 | €488,773 | €432,734 | -€56,039 | -11.5% |
| Equity | 10/15 | €365,997 | €334,637 | -€31,360 | -8.6% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Reserves | 13 | €138,129 | €138,129 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €131,932 | €131,932 | = | 0.0% |
| Profit (loss) carried forward | 14 | €165,895 | €134,535 | -€31,360 | -18.9% |
| Amounts payable | 17/49 | €122,776 | €98,097 | -€24,679 | -20.1% |
| Amounts payable within one year | 42/48 | €122,776 | €98,097 | -€24,679 | -20.1% |
| Current portion of amounts payable after more than one year | 42 | €20,000 | - | -€20,000 | |
| Financial debts | 43 | €43,717 | €18,300 | -€25,417 | -58.1% |
| Credit institutions | 430/8 | €43,717 | €18,300 | -€25,417 | -58.1% |
| Trade debts | 44 | - | €35,197 | +€35,197 | |
| Suppliers | 440/4 | - | €35,197 | +€35,197 | |
| Taxes, remuneration and social security | 45 | €5,211 | €4,134 | -€1,077 | -20.7% |
| Taxes | 450/3 | €5,211 | €4,134 | -€1,077 | -20.7% |
| Other amounts payable | 47/48 | €53,848 | €40,466 | -€13,382 | -24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,679 | - | -€2,679 | |
| Other operating charges | 640/8 | €2,415 | €3,334 | +€919 | +38.1% |
| Gross operating margin | 9900 | €7,197 | -€25,643 | -€32,840 | |
| Operating profit (loss) | 9901 | €2,103 | -€28,977 | -€31,080 | |
| Financial income | 75/76B | €239 | €41 | -€198 | -82.8% |
| Recurring financial income | 75 | €239 | €41 | -€198 | -82.8% |
| Financial charges | 65/66B | €3,876 | €2,424 | -€1,452 | -37.5% |
| Recurring financial charges | 65 | €3,876 | €2,424 | -€1,452 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€1,534 | -€31,360 | -€29,826 | -1,944% |
| Income taxes | 67/77 | €1,576 | - | -€1,576 | |
| Profit (loss) for the period | 9904 | -€3,110 | -€31,360 | -€28,250 | -908% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,110 | -€31,360 | -€28,250 | -908% |
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 27 October 2026 via checked.be.