't Wiel: 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.
't Wiel
Largest movements
- Cash +€6,904
up €6,904 (+196%), from €3,521 to €10,425
mainly Net result for the year (+€12,711) and Depreciation (+€12,125)
- Tangible fixed assets -€4,150
down €4,150 (-6.3%), from €65,886 to €61,736
of which Plant, machinery and equipment: -€5,405
- Receivables within one year +€1,302
up €1,302 (+17.6%), from €7,414 to €8,716
of which Trade receivables: +€4,524
- Profit (loss) carried forward +€12,711
up €12,711 (+57.4%), from €22,136 to €34,847
- Other debts -€11,053
down €11,053 (-100%), from €11,053 to €0
- Current portion of long-term debt +€4,889
up €4,889, from €0 to €4,889
- Short-term financial debts -€1,440
down €1,440 (-22.0%), from €6,543 to €5,103
- Trade debts -€1,266
down €1,266 (-4.0%), from €31,441 to €30,175
- Gross operating margin +€1,796
up €1,796 (+5.3%), from €33,594 to €35,390
- Taxes +€1,606
up €1,606 (+78.9%), from €2,034 to €3,640
- Depreciation +€1,093
up €1,093 (+9.9%), from €11,032 to €12,125
- Staff costs -€768
down €768 (-72.0%), from €1,067 to €299
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 | €90,427 | €94,907 | +€4,480 | +5.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €65,886 | €61,736 | -€4,150 | -6.3% |
| Tangible fixed assets | 22/27 | €65,886 | €61,736 | -€4,150 | -6.3% |
| Land and buildings | 22 | €15,337 | €14,529 | -€808 | -5.3% |
| Plant, machinery and equipment | 23 | €49,255 | €43,850 | -€5,405 | -11.0% |
| Furniture and vehicles | 24 | €601 | €2,891 | +€2,290 | +381% |
| Other tangible fixed assets | 26 | €693 | €466 | -€228 | -32.8% |
| Current assets | 29/58 | €24,541 | €33,171 | +€8,630 | +35.2% |
| Stocks and contracts in progress | 3 | €12,833 | €13,195 | +€363 | +2.8% |
| Stocks | 30/36 | €12,833 | €13,195 | +€363 | +2.8% |
| Amounts receivable within one year | 40/41 | €7,414 | €8,716 | +€1,302 | +17.6% |
| Trade receivables | 40 | €0 | €4,524 | +€4,524 | |
| Other amounts receivable | 41 | €7,414 | €4,192 | -€3,222 | -43.5% |
| Cash at bank and in hand | 54/58 | €3,521 | €10,425 | +€6,904 | +196% |
| Deferred charges and accrued income | 490/1 | €773 | €835 | +€62 | +8.0% |
| Total equity and liabilities | 10/49 | €90,427 | €94,907 | +€4,480 | +5.0% |
| Equity | 10/15 | €35,013 | €47,724 | +€12,711 | +36.3% |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Reserves | 13 | €12,377 | €12,377 | = | 0.0% |
| Distributable reserves | 133 | €12,377 | €12,377 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,136 | €34,847 | +€12,711 | +57.4% |
| Amounts payable | 17/49 | €55,414 | €47,183 | -€8,230 | -14.9% |
| Amounts payable within one year | 42/48 | €51,071 | €42,841 | -€8,230 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | €4,889 | +€4,889 | |
| Financial debts | 43 | €6,543 | €5,103 | -€1,440 | -22.0% |
| Credit institutions | 430/8 | €6,543 | €5,103 | -€1,440 | -22.0% |
| Trade debts | 44 | €31,441 | €30,175 | -€1,266 | -4.0% |
| Suppliers | 440/4 | €31,441 | €30,175 | -€1,266 | -4.0% |
| Taxes, remuneration and social security | 45 | €2,034 | €2,674 | +€640 | +31.5% |
| Taxes | 450/3 | €2,034 | €2,674 | +€640 | +31.5% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €11,053 | €0 | -€11,053 | -100% |
| Accrued charges and deferred income | 492/3 | €4,343 | €4,343 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €1,067 | €299 | -€768 | -72.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,032 | €12,125 | +€1,093 | +9.9% |
| Other operating charges | 640/8 | €2,067 | €1,919 | -€148 | -7.1% |
| Gross operating margin | 9900 | €33,594 | €35,390 | +€1,796 | +5.3% |
| Operating profit (loss) | 9901 | €19,428 | €21,047 | +€1,619 | +8.3% |
| Financial income | 75/76B | - | €40 | +€40 | |
| Recurring financial income | 75 | - | €40 | +€40 | |
| Financial charges | 65/66B | €5,046 | €4,736 | -€310 | -6.1% |
| Recurring financial charges | 65 | €5,046 | €4,736 | -€310 | -6.1% |
| Profit (loss) for the period before taxes | 9903 | €14,382 | €16,351 | +€1,969 | +13.7% |
| Income taxes | 67/77 | €2,034 | €3,640 | +€1,606 | +78.9% |
| Profit (loss) for the period | 9904 | €12,348 | €12,711 | +€363 | +2.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,348 | €12,711 | +€363 | +2.9% |
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.