'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
- Receivables after one year +€126,737
up €126,737 (+354%), from €35,844 to €162,581
- Receivables within one year -€102,278
down €102,278 (-96.3%), from €106,185 to €3,907
of which Trade receivables: -€100,947
- Cash -€14,749
down €14,749 (-39.8%), from €37,076 to €22,327
mainly Receivables after one year (-€126,737) and Investment in fixed assets (net) (-€5,045)
- Stocks and contracts -€8,077
down €8,077 (-32.2%), from €25,068 to €16,991
- Tangible fixed assets -€4,974
down €4,974 (-20.0%), from €24,926 to €19,952
of which Plant, machinery and equipment: -€4,176
- Trade debts -€2,662
down €2,662 (-11.1%), from €24,038 to €21,376
- Gross operating margin -€122,640
down €122,640 (-63.1%), from €194,415 to €71,775
- Staff costs -€9,917
down €9,917 (-14.3%), from €69,538 to €59,621
- Taxes -€3,975
down €3,975 (-69.4%), from €5,724 to €1,749
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 | €229,099 | €225,854 | -€3,245 | -1.4% |
| Fixed assets | 21/28 | €24,926 | €19,952 | -€4,974 | -20.0% |
| Tangible fixed assets | 22/27 | €24,926 | €19,952 | -€4,974 | -20.0% |
| Plant, machinery and equipment | 23 | €12,308 | €8,131 | -€4,176 | -33.9% |
| Furniture and vehicles | 24 | €310 | - | -€310 | |
| Other tangible fixed assets | 26 | €12,308 | €11,821 | -€487 | -4.0% |
| Current assets | 29/58 | €204,174 | €205,902 | +€1,728 | +0.8% |
| Amounts receivable after more than one year | 29 | €35,844 | €162,581 | +€126,737 | +354% |
| Other amounts receivable | 291 | €35,844 | €162,581 | +€126,737 | +354% |
| Stocks and contracts in progress | 3 | €25,068 | €16,991 | -€8,077 | -32.2% |
| Stocks | 30/36 | €25,068 | €16,991 | -€8,077 | -32.2% |
| Amounts receivable within one year | 40/41 | €106,185 | €3,907 | -€102,278 | -96.3% |
| Trade receivables | 40 | €101,601 | €654 | -€100,947 | -99.4% |
| Other amounts receivable | 41 | €4,584 | €3,253 | -€1,331 | -29.0% |
| Cash at bank and in hand | 54/58 | €37,076 | €22,327 | -€14,749 | -39.8% |
| Deferred charges and accrued income | 490/1 | - | €95 | +€95 | |
| Total equity and liabilities | 10/49 | €229,099 | €225,854 | -€3,245 | -1.4% |
| Equity | 10/15 | €89,806 | €89,195 | -€611 | -0.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €83,606 | €83,606 | = | 0.0% |
| Distributable reserves | 133 | €83,606 | €83,606 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€611 | -€611 | |
| Amounts payable | 17/49 | €139,293 | €136,659 | -€2,634 | -1.9% |
| Amounts payable after more than one year | 17 | €25,000 | €25,000 | = | 0.0% |
| Other amounts payable | 178/9 | €25,000 | €25,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €114,293 | €111,659 | -€2,634 | -2.3% |
| Trade debts | 44 | €24,038 | €21,376 | -€2,662 | -11.1% |
| Suppliers | 440/4 | €24,038 | €21,376 | -€2,662 | -11.1% |
| Advances received on contracts in progress | 46 | €136 | €100 | -€36 | -26.5% |
| Taxes, remuneration and social security | 45 | €4,370 | €3,880 | -€489 | -11.2% |
| Taxes | 450/3 | €4,370 | €3,880 | -€489 | -11.2% |
| Other amounts payable | 47/48 | €85,750 | €86,303 | +€553 | +0.6% |
| Remuneration, social security and pensions | 62 | €69,538 | €59,621 | -€9,917 | -14.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,349 | €10,019 | -€1,331 | -11.7% |
| Other operating charges | 640/8 | €2,283 | €2,262 | -€21 | -0.9% |
| Gross operating margin | 9900 | €194,415 | €71,775 | -€122,640 | -63.1% |
| Operating profit (loss) | 9901 | €111,244 | -€127 | -€111,371 | |
| Financial income | 75/76B | €612 | €2,099 | +€1,488 | +243% |
| Recurring financial income | 75 | €612 | €2,099 | +€1,488 | +243% |
| Financial charges | 65/66B | €989 | €835 | -€155 | -15.6% |
| Recurring financial charges | 65 | €989 | €835 | -€155 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €110,867 | €1,138 | -€109,729 | -99.0% |
| Income taxes | 67/77 | €5,724 | €1,749 | -€3,975 | -69.4% |
| Profit (loss) for the period | 9904 | €105,143 | -€611 | -€105,754 | |
| Profit (loss) for the period to be appropriated | 9905 | €105,143 | -€611 | -€105,754 |
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 25 October 2026 via checked.be.