Plastics Wauters: 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.
What changed
Plastics Wauters
NACE 47.551, Retail sale of household furniture
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.1m
2024 · €153,889-€1.2m
Equity
€3.0m
2024 · €4.1m-€1.1m
Cash
€211,044
2024 · €729,674-€518,630
Balance sheet total
€9.0m
2024 · €9.5m-€506,855
Largest movements
Assets
- Current investments -€625,660
down €625,660 (-92.7%), from €674,994 to €49,334
- Tangible fixed assets +€565,511
up €565,511 (+22.2%), from €2.5m to €3.1m
of which Other tangible fixed assets: +€423,138
- Cash -€518,630
down €518,630 (-71.1%), from €729,674 to €211,044
mainly Net result for the year (-€1.1m) and Investment in fixed assets (net) (-€1.1m)
- Intangible fixed assets +€147,862
up €147,862 (+54.2%), from €272,966 to €420,827
Equity and liabilities
- Profit (loss) carried forward -€1.1m
down €1.1m (-88.4%), from €1.2m to €142,462
- Short-term financial debts +€400,000
new in 2025: €400,000
- Debts after one year +€297,050
up €297,050 (+24.1%), from €1.2m to €1.5m
- Trade debts -€268,087
down €268,087 (-46.3%), from €578,722 to €310,635
Income statement
- Gross operating margin -€749,530
down €749,530 (-45.3%), from €1.7m to €905,562
- Depreciation +€200,323
up €200,323 (+110%), from €182,302 to €382,624
- Staff costs +€165,612
up €165,612 (+11.5%), from €1.4m to €1.6m
- Financial income -€73,978
down €73,978 (-40.9%), from €181,061 to €107,082
- Financial charges +€57,419
up €57,419 (+180%), from €31,875 to €89,294
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.
Result 2024
€153,889
Gross operating margin
-€749,530
Staff costs
-€165,612
Depreciation
-€200,323
Other operating charges
-€1,764
Financial income
-€73,978
Financial charges
-€57,419
Taxes
+€11,934
Result 2025
-€1.1m
raises the resultlowers the result
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.
From operations
-€829,880
Investment
-€445,337
Financing
+€756,587
Cash 2024
€729,674
From operations (derived)
-€829,880
Net result for the year
-€1.1m
Depreciation
+€382,624
Stocks and contracts
-€6,936
Receivables within one year
+€1,603
Deferred charges and accrued income
+€56,271
Trade debts
-€268,087
Tax, wage and social debts
+€44,364
Advances received
-€7,851
Other debts
+€50,933
Investment (derived)
-€445,337
Investment in fixed assets (net)
-€1.1m
Current investments
+€625,660
Financing
+€756,587
Debts after one year
+€297,050
Current portion of long-term debt
+€84,537
Short-term financial debts
+€400,000
Contributions, distributions and other
-€25,000
Cash 2025
€211,044
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,498,094 | €8,991,239 | -€506,855 | -5.3% |
| Fixed assets | 21/28 | €2,947,935 | €3,636,307 | +€688,372 | +23.4% |
| Intangible fixed assets | 21 | €272,966 | €420,827 | +€147,862 | +54.2% |
| Tangible fixed assets | 22/27 | €2,549,606 | €3,115,117 | +€565,511 | +22.2% |
| Land and buildings | 22 | €1,055 | €43 | -€1,012 | -96.0% |
| Plant, machinery and equipment | 23 | €4,654 | €90,995 | +€86,341 | +1,855% |
| Furniture and vehicles | 24 | €250,017 | €253,120 | +€3,102 | +1.2% |
| Leasing and similar rights | 25 | €58,800 | €112,742 | +€53,942 | +91.7% |
| Other tangible fixed assets | 26 | €2,235,081 | €2,658,218 | +€423,138 | +18.9% |
| Financial fixed assets | 28 | €125,363 | €100,363 | -€25,000 | -19.9% |
| Current assets | 29/58 | €6,550,159 | €5,354,931 | -€1.2m | -18.2% |
| Stocks and contracts in progress | 3 | €3,605,639 | €3,612,575 | +€6,936 | +0.2% |
| Stocks | 30/36 | €3,605,639 | €3,612,575 | +€6,936 | +0.2% |
| Amounts receivable within one year | 40/41 | €1,385,500 | €1,383,897 | -€1,603 | -0.1% |
| Trade receivables | 40 | €1,008,467 | €1,140,923 | +€132,455 | +13.1% |
| Other amounts receivable | 41 | €377,032 | €242,974 | -€134,058 | -35.6% |
| Current investments | 50/53 | €674,994 | €49,334 | -€625,660 | -92.7% |
| Cash at bank and in hand | 54/58 | €729,674 | €211,044 | -€518,630 | -71.1% |
| Deferred charges and accrued income | 490/1 | €154,353 | €98,082 | -€56,271 | -36.5% |
| Total equity and liabilities | 10/49 | €9,498,094 | €8,991,239 | -€506,855 | -5.3% |
| Equity | 10/15 | €4,144,803 | €3,037,002 | -€1.1m | -26.7% |
| Contributions | 10/11 | €690,997 | €665,997 | -€25,000 | -3.6% |
| Capital | 10 | €665,997 | €665,997 | = | 0.0% |
| Issued capital | 100 | €665,997 | €665,997 | = | 0.0% |
| Contributions outside capital | 11 | €25,000 | - | -€25,000 | |
| Other | 1109/19 | €25,000 | - | -€25,000 | |
| Reserves | 13 | €2,228,542 | €2,228,542 | = | 0.0% |
| Non-distributable reserves | 130/1 | €108,035 | €108,035 | = | 0.0% |
| Legal reserve | 130 | €108,035 | €108,035 | = | 0.0% |
| Tax-exempt reserves | 132 | €196,875 | €196,875 | = | 0.0% |
| Distributable reserves | 133 | €1,923,631 | €1,923,631 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,225,264 | €142,462 | -€1.1m | -88.4% |
| Amounts payable | 17/49 | €5,353,290 | €5,954,237 | +€600,947 | +11.2% |
| Amounts payable after more than one year | 17 | €1,233,959 | €1,531,009 | +€297,050 | +24.1% |
| Financial debts | 170/4 | €1,233,959 | €1,531,009 | +€297,050 | +24.1% |
| Amounts payable within one year | 42/48 | €4,119,332 | €4,423,228 | +€303,897 | +7.4% |
| Current portion of amounts payable after more than one year | 42 | €65,610 | €150,147 | +€84,537 | +129% |
| Financial debts | 43 | - | €400,000 | +€400,000 | |
| Credit institutions | 430/8 | - | €400,000 | +€400,000 | |
| Trade debts | 44 | €578,722 | €310,635 | -€268,087 | -46.3% |
| Suppliers | 440/4 | €578,722 | €310,635 | -€268,087 | -46.3% |
| Advances received on contracts in progress | 46 | €61,657 | €53,807 | -€7,851 | -12.7% |
| Taxes, remuneration and social security | 45 | €264,547 | €308,911 | +€44,364 | +16.8% |
| Taxes | 450/3 | €911 | €39,724 | +€38,812 | +4,258% |
| Remuneration and social security | 454/9 | €263,635 | €269,187 | +€5,552 | +2.1% |
| Other amounts payable | 47/48 | €3,148,796 | €3,199,729 | +€50,933 | +1.6% |
| Remuneration, social security and pensions | 62 | €1,434,078 | €1,599,690 | +€165,612 | +11.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €182,302 | €382,624 | +€200,323 | +110% |
| Other operating charges | 640/8 | €20,139 | €21,903 | +€1,764 | +8.8% |
| Gross operating margin | 9900 | €1,655,091 | €905,562 | -€749,530 | -45.3% |
| Operating profit (loss) | 9901 | €18,572 | -€1,098,655 | -€1.1m | |
| Financial income | 75/76B | €181,061 | €107,082 | -€73,978 | -40.9% |
| Recurring financial income | 75 | €181,061 | €107,082 | -€73,978 | -40.9% |
| Financial charges | 65/66B | €31,875 | €89,294 | +€57,419 | +180% |
| Recurring financial charges | 65 | €31,875 | €89,294 | +€57,419 | +180% |
| Profit (loss) for the period before taxes | 9903 | €167,758 | -€1,080,867 | -€1.2m | |
| Income taxes | 67/77 | €13,869 | €1,935 | -€11,934 | -86.0% |
| Profit (loss) for the period | 9904 | €153,889 | -€1,082,802 | -€1.2m | |
| Transfer from tax-exempt reserves | 789 | €348,599 | - | -€348,599 | |
| Transfer to tax-exempt reserves | 689 | €58,388 | - | -€58,388 | |
| Profit (loss) for the period to be appropriated | 9905 | €444,100 | -€1,082,802 | -€1.5m |
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 24 October 2026 via checked.be.