PIET VANWOLLEGHEM: 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.
PIET VANWOLLEGHEM
Largest movements
- Cash +€72,230
up €72,230 (+104%), from €69,451 to €141,681
mainly Net result for the year (+€55,531) and Tax, wage and social debts (+€15,105)
- Tangible fixed assets +€5,270
up €5,270 (+1,156%), from €456 to €5,726
- Profit (loss) carried forward +€55,531
up €55,531 (+120%), from €46,326 to €101,857
- Tax, wage and social debts +€15,105
up €15,105 (+71.3%), from €21,182 to €36,287
- Trade debts +€4,801
up €4,801 (+394%), from €1,220 to €6,021
- Short-term financial debts +€1,826
up €1,826 (+5,612%), from €33 to €1,858
- Gross operating margin +€15,702
up €15,702 (+26.1%), from €60,083 to €75,785
- Financial charges +€2,973
up €2,973 (+291%), from €1,022 to €3,995
- Taxes +€2,284
up €2,284 (+18.1%), from €12,596 to €14,881
- Depreciation +€1,241
up €1,241 (+897%), from €138 to €1,380
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 | €71,803 | €149,023 | +€77,220 | +108% |
| Fixed assets | 21/28 | €456 | €5,726 | +€5,270 | +1,156% |
| Tangible fixed assets | 22/27 | €456 | €5,726 | +€5,270 | +1,156% |
| Furniture and vehicles | 24 | €456 | €5,726 | +€5,270 | +1,156% |
| Current assets | 29/58 | €71,347 | €143,297 | +€71,949 | +101% |
| Amounts receivable within one year | 40/41 | €780 | €500 | -€280 | -35.9% |
| Trade receivables | 40 | €780 | - | -€780 | |
| Other amounts receivable | 41 | - | €500 | +€500 | |
| Cash at bank and in hand | 54/58 | €69,451 | €141,681 | +€72,230 | +104% |
| Deferred charges and accrued income | 490/1 | €1,116 | €1,116 | = | 0.0% |
| Total equity and liabilities | 10/49 | €71,803 | €149,023 | +€77,220 | +108% |
| Equity | 10/15 | €49,326 | €104,857 | +€55,531 | +113% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €46,326 | €101,857 | +€55,531 | +120% |
| Amounts payable | 17/49 | €22,477 | €44,166 | +€21,689 | +96.5% |
| Amounts payable within one year | 42/48 | €22,477 | €44,166 | +€21,689 | +96.5% |
| Financial debts | 43 | €33 | €1,858 | +€1,826 | +5,612% |
| Credit institutions | 430/8 | €33 | €1,858 | +€1,826 | +5,612% |
| Trade debts | 44 | €1,220 | €6,021 | +€4,801 | +394% |
| Suppliers | 440/4 | €1,220 | €6,021 | +€4,801 | +394% |
| Taxes, remuneration and social security | 45 | €21,182 | €36,287 | +€15,105 | +71.3% |
| Taxes | 450/3 | €21,182 | €36,287 | +€15,105 | +71.3% |
| Other amounts payable | 47/48 | €43 | - | -€43 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €138 | €1,380 | +€1,241 | +897% |
| Gross operating margin | 9900 | €60,083 | €75,785 | +€15,702 | +26.1% |
| Operating profit (loss) | 9901 | €59,944 | €74,405 | +€14,461 | +24.1% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,022 | €3,995 | +€2,973 | +291% |
| Recurring financial charges | 65 | €1,022 | €3,995 | +€2,973 | +291% |
| Profit (loss) for the period before taxes | 9903 | €58,923 | €70,411 | +€11,489 | +19.5% |
| Income taxes | 67/77 | €12,596 | €14,881 | +€2,284 | +18.1% |
| Profit (loss) for the period | 9904 | €46,326 | €55,531 | +€9,204 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €46,326 | €55,531 | +€9,204 | +19.9% |
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.