VAN WONTERGHEM: 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.
VAN WONTERGHEM
Largest movements
- Tangible fixed assets +€47,844
up €47,844 (+445%), from €10,748 to €58,592
of which Leasing and similar rights: +€42,800
- Receivables within one year -€15,130
down €15,130 (-10.4%), from €145,119 to €129,989
of which Trade receivables: -€18,143
- Cash -€2,998
down €2,998 (-33.7%), from €8,892 to €5,894
mainly Investment in fixed assets (net) (-€62,529) and Trade debts (-€33,147)
- Deferred charges and accrued income +€2,933
up €2,933 (+1,052%), from €279 to €3,211
- Trade debts -€33,147
down €33,147 (-49.6%), from €66,815 to €33,668
- Debts after one year +€32,966
new in 2025: €32,966
- Reserves +€16,043
up €16,043 (+21.2%), from €75,803 to €91,846
of which Distributable reserves: +€16,043
- Current portion of long-term debt +€10,199
up €10,199, from €0 to €10,199
- Tax, wage and social debts +€6,587
up €6,587 (+272%), from €2,420 to €9,007
of which Taxes: +€6,587
- Gross operating margin +€14,331
up €14,331 (+51.3%), from €27,937 to €42,268
- Depreciation +€10,119
up €10,119 (+222%), from €4,566 to €14,685
- Other operating charges -€2,146
down €2,146 (-50.7%), from €4,231 to €2,085
- Financial charges +€1,580
up €1,580 (+148%), from €1,070 to €2,651
- Financial income +€1,322
up €1,322 (+109%), from €1,208 to €2,530
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 | €165,038 | €197,686 | +€32,648 | +19.8% |
| Fixed assets | 21/28 | €10,748 | €58,592 | +€47,844 | +445% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €10,748 | €58,592 | +€47,844 | +445% |
| Land and buildings | 22 | - | €5,505 | +€5,505 | |
| Plant, machinery and equipment | 23 | €5,677 | €6,908 | +€1,231 | +21.7% |
| Furniture and vehicles | 24 | €5,072 | €3,378 | -€1,693 | -33.4% |
| Leasing and similar rights | 25 | €0 | €42,800 | +€42,800 | |
| Current assets | 29/58 | €154,290 | €139,094 | -€15,196 | -9.8% |
| Amounts receivable within one year | 40/41 | €145,119 | €129,989 | -€15,130 | -10.4% |
| Trade receivables | 40 | €93,916 | €75,772 | -€18,143 | -19.3% |
| Other amounts receivable | 41 | €51,203 | €54,217 | +€3,013 | +5.9% |
| Cash at bank and in hand | 54/58 | €8,892 | €5,894 | -€2,998 | -33.7% |
| Deferred charges and accrued income | 490/1 | €279 | €3,211 | +€2,933 | +1,052% |
| Total equity and liabilities | 10/49 | €165,038 | €197,686 | +€32,648 | +19.8% |
| Equity | 10/15 | €95,803 | €111,846 | +€16,043 | +16.7% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €75,803 | €91,846 | +€16,043 | +21.2% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €75,803 | €91,846 | +€16,043 | +21.2% |
| Amounts payable | 17/49 | €69,235 | €85,840 | +€16,605 | +24.0% |
| Amounts payable after more than one year | 17 | - | €32,966 | +€32,966 | |
| Financial debts | 170/4 | - | €32,966 | +€32,966 | |
| Amounts payable within one year | 42/48 | €69,235 | €52,874 | -€16,361 | -23.6% |
| Current portion of amounts payable after more than one year | 42 | €0 | €10,199 | +€10,199 | |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €66,815 | €33,668 | -€33,147 | -49.6% |
| Suppliers | 440/4 | €66,815 | €33,668 | -€33,147 | -49.6% |
| Taxes, remuneration and social security | 45 | €2,420 | €9,007 | +€6,587 | +272% |
| Taxes | 450/3 | €920 | €7,507 | +€6,587 | +716% |
| Remuneration and social security | 454/9 | €1,500 | €1,500 | = | 0.0% |
| Non-recurring operating income | 76A | €12,784 | €2,000 | -€10,784 | -84.4% |
| Remuneration, social security and pensions | 62 | €1,223 | €0 | -€1,223 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,566 | €14,685 | +€10,119 | +222% |
| Other operating charges | 640/8 | €4,231 | €2,085 | -€2,146 | -50.7% |
| Non-recurring operating charges | 66A | - | €3,701 | +€3,701 | |
| Gross operating margin | 9900 | €27,937 | €42,268 | +€14,331 | +51.3% |
| Operating profit (loss) | 9901 | €17,917 | €21,797 | +€3,880 | +21.7% |
| Financial income | 75/76B | €1,208 | €2,530 | +€1,322 | +109% |
| Recurring financial income | 75 | €1,208 | €2,530 | +€1,322 | +109% |
| Financial charges | 65/66B | €1,070 | €2,651 | +€1,580 | +148% |
| Recurring financial charges | 65 | €1,070 | €2,651 | +€1,580 | +148% |
| Profit (loss) for the period before taxes | 9903 | €18,055 | €21,677 | +€3,622 | +20.1% |
| Income taxes | 67/77 | €5,775 | €5,634 | -€141 | -2.4% |
| Profit (loss) for the period | 9904 | €12,280 | €16,043 | +€3,763 | +30.6% |
| Profit (loss) for the period to be appropriated | 9905 | €12,280 | €16,043 | +€3,763 | +30.6% |
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 17 October 2026 via checked.be.