't WITWASSERTJE: 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.
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Largest movements
- Current investments +€59,693
up €59,693 (+49.5%), from €120,593 to €180,287
- Cash -€50,065
down €50,065 (-62.2%), from €80,479 to €30,414
mainly Current investments (-€59,693) and Investment in fixed assets (net) (-€55,790)
- Receivables within one year +€29,932
up €29,932 (+26.1%), from €114,639 to €144,570
of which Other amounts receivable: +€28,410
- Tangible fixed assets +€26,718
up €26,718 (+51.2%), from €52,210 to €78,928
of which Furniture and vehicles: +€48,088
- Profit (loss) carried forward +€72,501
up €72,501 (+32.4%), from €224,064 to €296,564
- Tax, wage and social debts -€10,404
down €10,404 (-83.9%), from €12,404 to €2,000
- Reserves +€10,000
up €10,000 (+33.3%), from €30,000 to €40,000
- Debts after one year -€5,098
down €5,098 (-21.4%), from €23,821 to €18,723
- Depreciation -€17,382
down €17,382 (-37.4%), from €46,455 to €29,072
- Gross operating margin -€13,769
down €13,769 (-8.7%), from €158,089 to €144,320
- Financial income +€5,668
new in 2025: €5,668
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 | €384,216 | €451,948 | +€67,732 | +17.6% |
| Fixed assets | 21/28 | €63,280 | €89,998 | +€26,718 | +42.2% |
| Tangible fixed assets | 22/27 | €52,210 | €78,928 | +€26,718 | +51.2% |
| Land and buildings | 22 | €24,273 | €17,628 | -€6,645 | -27.4% |
| Plant, machinery and equipment | 23 | €27,229 | €12,505 | -€14,725 | -54.1% |
| Furniture and vehicles | 24 | €708 | €48,795 | +€48,088 | +6,796% |
| Financial fixed assets | 28 | €11,070 | €11,070 | = | 0.0% |
| Current assets | 29/58 | €320,936 | €361,950 | +€41,014 | +12.8% |
| Amounts receivable within one year | 40/41 | €114,639 | €144,570 | +€29,932 | +26.1% |
| Trade receivables | 40 | - | €1,522 | +€1,522 | |
| Other amounts receivable | 41 | €114,639 | €143,049 | +€28,410 | +24.8% |
| Current investments | 50/53 | €120,593 | €180,287 | +€59,693 | +49.5% |
| Cash at bank and in hand | 54/58 | €80,479 | €30,414 | -€50,065 | -62.2% |
| Deferred charges and accrued income | 490/1 | €5,224 | €6,679 | +€1,454 | +27.8% |
| Total equity and liabilities | 10/49 | €384,216 | €451,948 | +€67,732 | +17.6% |
| Equity | 10/15 | €323,914 | €406,414 | +€82,501 | +25.5% |
| Contributions | 10/11 | €69,850 | €69,850 | = | 0.0% |
| Reserves | 13 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Distributable reserves | 133 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Profit (loss) carried forward | 14 | €224,064 | €296,564 | +€72,501 | +32.4% |
| Amounts payable | 17/49 | €60,302 | €45,534 | -€14,769 | -24.5% |
| Amounts payable after more than one year | 17 | €23,821 | €18,723 | -€5,098 | -21.4% |
| Financial debts | 170/4 | €23,821 | €18,723 | -€5,098 | -21.4% |
| Amounts payable within one year | 42/48 | €36,482 | €26,811 | -€9,671 | -26.5% |
| Current portion of amounts payable after more than one year | 42 | €4,991 | €5,098 | +€107 | +2.2% |
| Trade debts | 44 | €19,087 | €19,109 | +€22 | +0.1% |
| Suppliers | 440/4 | €19,087 | €19,109 | +€22 | +0.1% |
| Taxes, remuneration and social security | 45 | €12,404 | €2,000 | -€10,404 | -83.9% |
| Taxes | 450/3 | €12,404 | €2,000 | -€10,404 | -83.9% |
| Other amounts payable | 47/48 | - | €605 | +€605 | |
| Non-recurring operating income | 76A | - | €1,240 | +€1,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,455 | €29,072 | -€17,382 | -37.4% |
| Other operating charges | 640/8 | €9,993 | €10,206 | +€214 | +2.1% |
| Gross operating margin | 9900 | €158,089 | €144,320 | -€13,769 | -8.7% |
| Operating profit (loss) | 9901 | €101,641 | €105,041 | +€3,399 | +3.3% |
| Financial income | 75/76B | - | €5,668 | +€5,668 | |
| Recurring financial income | 75 | - | €5,668 | +€5,668 | |
| Financial charges | 65/66B | €1,140 | €1,188 | +€48 | +4.2% |
| Recurring financial charges | 65 | €1,140 | €1,188 | +€48 | +4.2% |
| Profit (loss) for the period before taxes | 9903 | €100,501 | €109,521 | +€9,020 | +9.0% |
| Income taxes | 67/77 | €25,579 | €27,021 | +€1,442 | +5.6% |
| Profit (loss) for the period | 9904 | €74,922 | €82,501 | +€7,578 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €74,922 | €82,501 | +€7,578 | +10.1% |
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 16 October 2026 via checked.be.