' T WORTELTJE: what changed
' T WORTELTJE
Largest movements
- Cash -€50,442
down €50,442 (-59.6%), from €84,598 to €34,157
mainly Other debts (-€46,921) and Stocks and contracts (-€33,120)
- Stocks and contracts +€33,120
up €33,120 (+149%), from €22,170 to €55,290
- Receivables within one year -€16,289
down €16,289 (-41.2%), from €39,502 to €23,213
- Tangible fixed assets +€10,978
up €10,978 (+179%), from €6,132 to €17,110
of which Furniture and vehicles: +€12,000
- Other debts -€46,921
down €46,921 (-53.3%), from €87,957 to €41,036
- Trade debts +€18,032
up €18,032 (+65.5%), from €27,531 to €45,563
- Profit (loss) carried forward +€6,610
up €6,610 (+34.3%), from €19,287 to €25,896
- Gross operating margin +€7,158
up €7,158 (+100%), from €7,142 to €14,300
- Depreciation +€3,000
up €3,000 (+294%), from €1,022 to €4,022
- Other operating charges -€2,176
down €2,176 (-90.1%), from €2,416 to €240
- Taxes +€1,455
up €1,455 (+429%), from €339 to €1,794
- Financial charges -€699
down €699 (-29.9%), from €2,336 to €1,637
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €156,783 | €134,149 | -€22,633 | -14.4% |
| Fixed assets | 21/28 | €10,216 | €21,194 | +€10,978 | +107% |
| Tangible fixed assets | 22/27 | €6,132 | €17,110 | +€10,978 | +179% |
| Plant, machinery and equipment | 23 | €6,132 | €5,110 | -€1,022 | -16.7% |
| Furniture and vehicles | 24 | - | €12,000 | +€12,000 | |
| Financial fixed assets | 28 | €4,084 | €4,084 | = | 0.0% |
| Current assets | 29/58 | €146,566 | €112,955 | -€33,611 | -22.9% |
| Stocks and contracts in progress | 3 | €22,170 | €55,290 | +€33,120 | +149% |
| Stocks | 30/36 | €22,170 | €55,290 | +€33,120 | +149% |
| Amounts receivable within one year | 40/41 | €39,502 | €23,213 | -€16,289 | -41.2% |
| Trade receivables | 40 | €39,502 | €23,213 | -€16,289 | -41.2% |
| Cash at bank and in hand | 54/58 | €84,598 | €34,157 | -€50,442 | -59.6% |
| Deferred charges and accrued income | 490/1 | €296 | €296 | = | 0.0% |
| Total equity and liabilities | 10/49 | €156,783 | €134,149 | -€22,633 | -14.4% |
| Equity | 10/15 | €27,647 | €34,256 | +€6,610 | +23.9% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €19,287 | €25,896 | +€6,610 | +34.3% |
| Amounts payable | 17/49 | €129,136 | €99,893 | -€29,243 | -22.6% |
| Amounts payable within one year | 42/48 | €129,136 | €99,893 | -€29,243 | -22.6% |
| Trade debts | 44 | €27,531 | €45,563 | +€18,032 | +65.5% |
| Suppliers | 440/4 | €27,531 | €45,563 | +€18,032 | +65.5% |
| Taxes, remuneration and social security | 45 | €13,648 | €13,294 | -€354 | -2.6% |
| Taxes | 450/3 | €4,648 | €1,794 | -€2,854 | -61.4% |
| Remuneration and social security | 454/9 | €9,000 | €11,500 | +€2,500 | +27.8% |
| Other amounts payable | 47/48 | €87,957 | €41,036 | -€46,921 | -53.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,022 | €4,022 | +€3,000 | +294% |
| Other operating charges | 640/8 | €2,416 | €240 | -€2,176 | -90.1% |
| Gross operating margin | 9900 | €7,142 | €14,300 | +€7,158 | +100% |
| Operating profit (loss) | 9901 | €3,704 | €10,038 | +€6,334 | +171% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €2,336 | €1,637 | -€699 | -29.9% |
| Recurring financial charges | 65 | €2,336 | €1,637 | -€699 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €1,367 | €8,404 | +€7,036 | +515% |
| Income taxes | 67/77 | €339 | €1,794 | +€1,455 | +429% |
| Profit (loss) for the period | 9904 | €1,028 | €6,610 | +€5,581 | +543% |
| Profit (loss) for the period to be appropriated | 9905 | €1,028 | €6,610 | +€5,581 | +543% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.