'T WIT PAARD: 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 WIT PAARD
Largest movements
- Tangible fixed assets -€28,700
down €28,700 (-2.2%), from €1.3m to €1.3m
of which Land and buildings: -€93,783
- Cash -€23,142
down €23,142 (-11.7%), from €198,001 to €174,859
mainly Investment in fixed assets (net) (-€84,853) and Net result for the year (-€70,993)
- Profit (loss) carried forward -€70,993
down €70,993 (-10.8%), from -€658,560 to -€729,554
- Short-term financial debts -€47,195
down €47,195 (-3.9%), from €1.2m to €1.2m
- Trade debts +€25,875
up €25,875 (+432%), from €5,986 to €31,861
- Tax, wage and social debts +€25,740
up €25,740 (+116%), from €22,129 to €47,869
of which Remuneration and social security: +€25,333
- Staff costs +€103,276
up €103,276 (+21.7%), from €475,845 to €579,121
- Gross operating margin -€28,801
down €28,801 (-3.9%), from €739,569 to €710,768
- Financial charges -€13,966
down €13,966 (-20.4%), from €68,321 to €54,355
- Financial income -€7,576
down €7,576 (-74.3%), from €10,192 to €2,616
of which Non-recurring financial income: -€9,864
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 | €1,548,881 | €1,482,279 | -€66,602 | -4.3% |
| Fixed assets | 21/28 | €1,287,700 | €1,259,000 | -€28,700 | -2.2% |
| Tangible fixed assets | 22/27 | €1,287,700 | €1,259,000 | -€28,700 | -2.2% |
| Land and buildings | 22 | €1,204,029 | €1,110,246 | -€93,783 | -7.8% |
| Plant, machinery and equipment | 23 | - | €84,853 | +€84,853 | |
| Furniture and vehicles | 24 | €83,671 | €63,901 | -€19,770 | -23.6% |
| Current assets | 29/58 | €261,181 | €223,279 | -€37,902 | -14.5% |
| Stocks and contracts in progress | 3 | €10,662 | €7,234 | -€3,428 | -32.2% |
| Stocks | 30/36 | €10,662 | €7,234 | -€3,428 | -32.2% |
| Amounts receivable within one year | 40/41 | €46,518 | €41,186 | -€5,332 | -11.5% |
| Trade receivables | 40 | €22,669 | €18,059 | -€4,610 | -20.3% |
| Other amounts receivable | 41 | €23,849 | €23,126 | -€722 | -3.0% |
| Cash at bank and in hand | 54/58 | €198,001 | €174,859 | -€23,142 | -11.7% |
| Deferred charges and accrued income | 490/1 | €6,000 | - | -€6,000 | |
| Total equity and liabilities | 10/49 | €1,548,881 | €1,482,279 | -€66,602 | -4.3% |
| Equity | 10/15 | €312,934 | €241,940 | -€70,993 | -22.7% |
| Contributions | 10/11 | €142,539 | €142,539 | = | 0.0% |
| Revaluation surpluses | 12 | €619,734 | €619,734 | = | 0.0% |
| Reserves | 13 | €209,222 | €209,222 | = | 0.0% |
| Non-distributable reserves | 130/1 | €14,254 | €14,254 | = | 0.0% |
| Reserves not available under the articles | 1311 | €14,254 | €14,254 | = | 0.0% |
| Tax-exempt reserves | 132 | €51,750 | €51,750 | = | 0.0% |
| Distributable reserves | 133 | €143,218 | €143,218 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€658,560 | -€729,554 | -€70,993 | -10.8% |
| Amounts payable | 17/49 | €1,235,947 | €1,240,339 | +€4,391 | +0.4% |
| Amounts payable within one year | 42/48 | €1,235,947 | €1,240,339 | +€4,391 | +0.4% |
| Financial debts | 43 | €1,207,801 | €1,160,607 | -€47,195 | -3.9% |
| Credit institutions | 430/8 | €1,207,801 | €1,160,607 | -€47,195 | -3.9% |
| Trade debts | 44 | €5,986 | €31,861 | +€25,875 | +432% |
| Suppliers | 440/4 | €5,986 | €31,861 | +€25,875 | +432% |
| Taxes, remuneration and social security | 45 | €22,129 | €47,869 | +€25,740 | +116% |
| Taxes | 450/3 | €22,129 | €22,536 | +€407 | +1.8% |
| Remuneration and social security | 454/9 | - | €25,333 | +€25,333 | |
| Other amounts payable | 47/48 | €31 | €2 | -€29 | -93.7% |
| Remuneration, social security and pensions | 62 | €475,845 | €579,121 | +€103,276 | +21.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,287 | €113,553 | -€6,734 | -5.6% |
| Other operating charges | 640/8 | €39,367 | €36,703 | -€2,663 | -6.8% |
| Gross operating margin | 9900 | €739,569 | €710,768 | -€28,801 | -3.9% |
| Operating profit (loss) | 9901 | €104,071 | -€18,609 | -€122,680 | |
| Financial income | 75/76B | €10,192 | €2,616 | -€7,576 | -74.3% |
| Recurring financial income | 75 | €328 | €2,616 | +€2,288 | +697% |
| Non-recurring financial income | 76B | €9,864 | - | -€9,864 | |
| Financial charges | 65/66B | €68,321 | €54,355 | -€13,966 | -20.4% |
| Recurring financial charges | 65 | €68,321 | €54,355 | -€13,966 | -20.4% |
| Profit (loss) for the period before taxes | 9903 | €45,942 | -€70,347 | -€116,290 | |
| Income taxes | 67/77 | €1,336 | €646 | -€690 | -51.6% |
| Profit (loss) for the period | 9904 | €44,606 | -€70,993 | -€115,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €44,606 | -€70,993 | -€115,600 |
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 28 October 2026 via checked.be.