STUDIO WITVROUWEN: what changed
Two fiscal 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.
STUDIO WITVROUWEN
Largest movements
- Cash -€6,774
down €6,774 (-7.8%), from €87,365 to €80,591
mainly Trade debts (-€6,131) and Net result for the year (-€3,981)
- Trade debts -€6,131
down €6,131 (-44.6%), from €13,745 to €7,614
- Profit (loss) carried forward -€3,981
down €3,981, from €1,509 to -€2,471
- Tax, wage and social debts +€3,317
up €3,317 (+165.6%), from €2,003 to €5,320
- Gross operating margin +€26,490
up €26,490 (+92.0%), from -€28,778 to -€2,288
- Financial income -€3,740
down €3,740 (-91.2%), from €4,100 to €360
- Other operating charges +€568
up €568 (+238.2%), from €239 to €807
- Depreciation -€337
down €337 (-51.5%), from €655 to €318
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.
Cash bridge derived
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 | €179,864 | €173,069 | -€6,795 | -3.8% |
| Fixed assets | 21/28 | €7,478 | €7,660 | +€182 | +2.4% |
| Tangible fixed assets | 22/27 | €7,478 | €7,160 | -€318 | -4.3% |
| Furniture and vehicles | 24 | €978 | €660 | -€318 | -32.5% |
| Other tangible fixed assets | 26 | €6,500 | €6,500 | = | 0.0% |
| Financial fixed assets | 28 | - | €500 | +€500 | |
| Current assets | 29/58 | €172,386 | €165,409 | -€6,977 | -4.0% |
| Amounts receivable within one year | 40/41 | €35,951 | €35,948 | -€3 | 0.0% |
| Trade receivables | 40 | €17,242 | €18,330 | +€1,088 | +6.3% |
| Other amounts receivable | 41 | €18,709 | €17,618 | -€1,091 | -5.8% |
| Current investments | 50/53 | €46,167 | €46,247 | +€80 | +0.2% |
| Cash at bank and in hand | 54/58 | €87,365 | €80,591 | -€6,774 | -7.8% |
| Deferred charges and accrued income | 490/1 | €2,903 | €2,623 | -€280 | -9.6% |
| Total equity and liabilities | 10/49 | €179,864 | €173,069 | -€6,795 | -3.8% |
| Equity | 10/15 | €164,116 | €160,135 | -€3,981 | -2.4% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €144,014 | €144,014 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,686 | €5,686 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,686 | €5,686 | = | 0.0% |
| Distributable reserves | 133 | €138,328 | €138,328 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,509 | -€2,471 | -€3,981 | |
| Amounts payable | 17/49 | €15,748 | €12,934 | -€2,814 | -17.9% |
| Amounts payable within one year | 42/48 | €15,748 | €12,934 | -€2,814 | -17.9% |
| Trade debts | 44 | €13,745 | €7,614 | -€6,131 | -44.6% |
| Suppliers | 440/4 | €13,745 | €7,614 | -€6,131 | -44.6% |
| Taxes, remuneration and social security | 45 | €2,003 | €5,320 | +€3,317 | +165.6% |
| Taxes | 450/3 | €2,003 | €5,320 | +€3,317 | +165.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €655 | €318 | -€337 | -51.5% |
| Other operating charges | 640/8 | €239 | €807 | +€568 | +238.2% |
| Gross operating margin | 9900 | -€28,778 | -€2,288 | +€26,490 | +92.0% |
| Operating profit (loss) | 9901 | -€29,672 | -€3,413 | +€26,259 | +88.5% |
| Financial income | 75/76B | €4,100 | €360 | -€3,740 | -91.2% |
| Recurring financial income | 75 | €4,100 | €360 | -€3,740 | -91.2% |
| Financial charges | 65/66B | €824 | €805 | -€19 | -2.3% |
| Recurring financial charges | 65 | €824 | €805 | -€19 | -2.3% |
| Profit (loss) for the period before taxes | 9903 | -€26,397 | -€3,858 | +€22,539 | +85.4% |
| Income taxes | 67/77 | €146 | €123 | -€24 | -16.1% |
| Profit (loss) for the period | 9904 | -€26,543 | -€3,981 | +€22,562 | +85.0% |
| Transfer from tax-exempt reserves | 789 | €28,061 | - | -€28,061 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,518 | -€3,981 | -€5,499 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.