S WUYTACK: 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.
S WUYTACK
Largest movements
- Intangible fixed assets +€181,188
up €181,188 (+86,930%), from €208 to €181,396
- Receivables within one year +€47,176
up €47,176 (+43.4%), from €108,754 to €155,929
of which Trade receivables: +€47,960
- Tangible fixed assets +€37,510
up €37,510 (+15.9%), from €235,630 to €273,140
of which Other tangible fixed assets: +€53,004
- Cash +€31,948
up €31,948 (+87.9%), from €36,351 to €68,300
mainly Debts after one year (+€84,769) and Net result for the year (+€75,060)
- Deferred charges and accrued income +€12,596
up €12,596 (+225%), from €5,599 to €18,195
- Debts after one year +€84,769
up €84,769 (+58.7%), from €144,344 to €229,112
- Reserves +€75,060
up €75,060 (+88.6%), from €84,732 to €159,792
- Trade debts +€72,810
up €72,810 (+82.6%), from €88,097 to €160,906
- Other debts +€69,211
up €69,211 (+327%), from €21,174 to €90,385
- Current portion of long-term debt +€27,884
up €27,884 (+51.9%), from €53,757 to €81,641
- Gross operating margin +€87,883
up €87,883 (+41.7%), from €210,720 to €298,604
- Staff costs +€23,792
up €23,792 (+26.2%), from €90,768 to €114,560
- Depreciation +€17,977
up €17,977 (+38.4%), from €46,827 to €64,804
- Taxes +€8,072
up €8,072 (+34.7%), from €23,289 to €31,361
- Other operating charges -€6,932
down €6,932 (-75.1%), from €9,232 to €2,300
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 | €464,651 | €788,442 | +€323,791 | +69.7% |
| Fixed assets | 21/28 | €310,839 | €539,537 | +€228,698 | +73.6% |
| Intangible fixed assets | 21 | €208 | €181,396 | +€181,188 | +86,930% |
| Tangible fixed assets | 22/27 | €235,630 | €273,140 | +€37,510 | +15.9% |
| Plant, machinery and equipment | 23 | €46,784 | €34,103 | -€12,682 | -27.1% |
| Furniture and vehicles | 24 | €13,187 | €10,374 | -€2,813 | -21.3% |
| Other tangible fixed assets | 26 | €175,659 | €228,664 | +€53,004 | +30.2% |
| Financial fixed assets | 28 | €75,000 | €85,000 | +€10,000 | +13.3% |
| Current assets | 29/58 | €153,812 | €248,905 | +€95,093 | +61.8% |
| Amounts receivable after more than one year | 29 | €425 | - | -€425 | |
| Other amounts receivable | 291 | €425 | - | -€425 | |
| Stocks and contracts in progress | 3 | €2,584 | €6,382 | +€3,798 | +147% |
| Stocks | 30/36 | €2,584 | €6,382 | +€3,798 | +147% |
| Amounts receivable within one year | 40/41 | €108,754 | €155,929 | +€47,176 | +43.4% |
| Trade receivables | 40 | €96,515 | €144,475 | +€47,960 | +49.7% |
| Other amounts receivable | 41 | €12,238 | €11,454 | -€784 | -6.4% |
| Current investments | 50/53 | €100 | €100 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €36,351 | €68,300 | +€31,948 | +87.9% |
| Deferred charges and accrued income | 490/1 | €5,599 | €18,195 | +€12,596 | +225% |
| Total equity and liabilities | 10/49 | €464,651 | €788,442 | +€323,791 | +69.7% |
| Equity | 10/15 | €103,332 | €178,392 | +€75,060 | +72.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €84,732 | €159,792 | +€75,060 | +88.6% |
| Distributable reserves | 133 | €84,732 | €159,792 | +€75,060 | +88.6% |
| Amounts payable | 17/49 | €361,319 | €610,050 | +€248,731 | +68.8% |
| Amounts payable after more than one year | 17 | €144,344 | €229,112 | +€84,769 | +58.7% |
| Financial debts | 170/4 | €144,344 | €229,112 | +€84,769 | +58.7% |
| Amounts payable within one year | 42/48 | €215,468 | €377,752 | +€162,284 | +75.3% |
| Current portion of amounts payable after more than one year | 42 | €53,757 | €81,641 | +€27,884 | +51.9% |
| Trade debts | 44 | €88,097 | €160,906 | +€72,810 | +82.6% |
| Suppliers | 440/4 | €88,097 | €160,906 | +€72,810 | +82.6% |
| Advances received on contracts in progress | 46 | €25,658 | €1,358 | -€24,300 | -94.7% |
| Taxes, remuneration and social security | 45 | €26,782 | €43,462 | +€16,679 | +62.3% |
| Taxes | 450/3 | €15,290 | €26,920 | +€11,631 | +76.1% |
| Remuneration and social security | 454/9 | €11,492 | €16,541 | +€5,049 | +43.9% |
| Other amounts payable | 47/48 | €21,174 | €90,385 | +€69,211 | +327% |
| Accrued charges and deferred income | 492/3 | €1,508 | €3,186 | +€1,678 | +111% |
| Remuneration, social security and pensions | 62 | €90,768 | €114,560 | +€23,792 | +26.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,827 | €64,804 | +€17,977 | +38.4% |
| Other operating charges | 640/8 | €9,232 | €2,300 | -€6,932 | -75.1% |
| Gross operating margin | 9900 | €210,720 | €298,604 | +€87,883 | +41.7% |
| Operating profit (loss) | 9901 | €63,893 | €116,939 | +€53,046 | +83.0% |
| Financial income | 75/76B | €155 | €132 | -€23 | -14.6% |
| Recurring financial income | 75 | €155 | €132 | -€23 | -14.6% |
| Financial charges | 65/66B | €7,126 | €10,650 | +€3,525 | +49.5% |
| Recurring financial charges | 65 | €7,126 | €10,650 | +€3,525 | +49.5% |
| Profit (loss) for the period before taxes | 9903 | €56,923 | €106,421 | +€49,498 | +87.0% |
| Income taxes | 67/77 | €23,289 | €31,361 | +€8,072 | +34.7% |
| Profit (loss) for the period | 9904 | €33,634 | €75,060 | +€41,426 | +123% |
| Profit (loss) for the period to be appropriated | 9905 | €33,634 | €75,060 | +€41,426 | +123% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.