PIET VAN DER WEE: what changed
PIET VAN DER WEE
Largest movements
- Cash -€101,296
down €101,296 (-81.4%), from €124,511 to €23,215
mainly Other debts (-€44,623) and Net result for the year (-€31,817)
- Tangible fixed assets -€22,223
down €22,223 (-10.3%), from €215,449 to €193,226
of which Land and buildings: -€17,290
- Receivables within one year +€19,256
up €19,256 (+4.9%), from €396,084 to €415,340
of which Other amounts receivable: +€26,319
- Other debts -€44,623
no longer reported in 2025 (was €44,623)
- Reserves -€31,817
down €31,817 (-5.7%), from €560,413 to €528,596
of which Tax-exempt reserves: -€63,344
- Debts after one year -€25,109
down €25,109 (-23.5%), from €106,726 to €81,617
- Provisions -€21,115
no longer reported in 2025 (was €21,115)
- Tax, wage and social debts +€10,339
up €10,339 (+84.7%), from €12,205 to €22,544
- Gross operating margin -€50,141
down €50,141, from €33,687 to -€16,453
- Taxes +€7,596
up €7,596 (+118%), from €6,417 to €14,013
- Financial income -€5,214
down €5,214 (-56.6%), from €9,206 to €3,992
of which Financial income: -€2,997
- Depreciation -€919
down €919 (-4.0%), from €23,142 to €22,223
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 | €795,793 | €686,603 | -€109,190 | -13.7% |
| Fixed assets | 21/28 | €215,449 | €193,226 | -€22,223 | -10.3% |
| Tangible fixed assets | 22/27 | €215,449 | €193,226 | -€22,223 | -10.3% |
| Land and buildings | 22 | €200,376 | €183,085 | -€17,290 | -8.6% |
| Plant, machinery and equipment | 23 | €3,223 | €2,149 | -€1,074 | -33.3% |
| Furniture and vehicles | 24 | €11,850 | €7,992 | -€3,859 | -32.6% |
| Current assets | 29/58 | €580,344 | €493,378 | -€86,967 | -15.0% |
| Amounts receivable after more than one year | 29 | €49,900 | €44,900 | -€5,000 | -10.0% |
| Trade receivables | 290 | €49,900 | €44,900 | -€5,000 | -10.0% |
| Amounts receivable within one year | 40/41 | €396,084 | €415,340 | +€19,256 | +4.9% |
| Trade receivables | 40 | €80,871 | €73,808 | -€7,063 | -8.7% |
| Other amounts receivable | 41 | €315,213 | €341,532 | +€26,319 | +8.3% |
| Current investments | 50/53 | €8,000 | €8,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €124,511 | €23,215 | -€101,296 | -81.4% |
| Deferred charges and accrued income | 490/1 | €1,849 | €1,922 | +€74 | +4.0% |
| Total equity and liabilities | 10/49 | €795,793 | €686,603 | -€109,190 | -13.7% |
| Equity | 10/15 | €566,613 | €534,796 | -€31,817 | -5.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €560,413 | €528,596 | -€31,817 | -5.7% |
| Tax-exempt reserves | 132 | €63,344 | - | -€63,344 | |
| Distributable reserves | 133 | €497,069 | €528,596 | +€31,527 | +6.3% |
| Provisions and deferred taxes | 16 | €21,115 | - | -€21,115 | |
| Deferred taxes | 168 | €21,115 | - | -€21,115 | |
| Amounts payable | 17/49 | €208,066 | €151,807 | -€56,258 | -27.0% |
| Amounts payable after more than one year | 17 | €106,726 | €81,617 | -€25,109 | -23.5% |
| Financial debts | 170/4 | €106,726 | €81,617 | -€25,109 | -23.5% |
| Amounts payable within one year | 42/48 | €83,740 | €50,390 | -€33,349 | -39.8% |
| Current portion of amounts payable after more than one year | 42 | €26,828 | €25,109 | -€1,718 | -6.4% |
| Trade debts | 44 | €84 | €2,737 | +€2,653 | +3,161% |
| Suppliers | 440/4 | €84 | €2,737 | +€2,653 | +3,161% |
| Taxes, remuneration and social security | 45 | €12,205 | €22,544 | +€10,339 | +84.7% |
| Taxes | 450/3 | €12,205 | €22,544 | +€10,339 | +84.7% |
| Other amounts payable | 47/48 | €44,623 | - | -€44,623 | |
| Accrued charges and deferred income | 492/3 | €17,600 | €19,800 | +€2,200 | +12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,142 | €22,223 | -€919 | -4.0% |
| Other operating charges | 640/8 | €1,215 | €932 | -€283 | -23.3% |
| Gross operating margin | 9900 | €33,687 | -€16,453 | -€50,141 | |
| Operating profit (loss) | 9901 | €9,330 | -€39,609 | -€48,939 | |
| Financial income | 75/76B | €9,206 | €3,992 | -€5,214 | -56.6% |
| Recurring financial income | 75 | €6,989 | €3,992 | -€2,997 | -42.9% |
| Non-recurring financial income | 76B | €2,217 | - | -€2,217 | |
| Financial charges | 65/66B | €3,425 | €3,302 | -€124 | -3.6% |
| Recurring financial charges | 65 | €3,425 | €3,302 | -€124 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €15,111 | -€38,918 | -€54,029 | |
| Transfer from deferred taxes | 780 | - | €21,115 | +€21,115 | |
| Income taxes | 67/77 | €6,417 | €14,013 | +€7,596 | +118% |
| Profit (loss) for the period | 9904 | €8,694 | -€31,817 | -€40,511 | |
| Transfer from tax-exempt reserves | 789 | - | €63,344 | +€63,344 | |
| Profit (loss) for the period to be appropriated | 9905 | €8,694 | €31,527 | +€22,833 | +263% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.