Van Wonterghem's: 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's
Largest movements
- Tangible fixed assets -€165,158
down €165,158 (-100%), from €165,158 to €0
- Profit (loss) carried forward +€740,545
up €740,545 (+48.9%), from -€1.5m to -€774,629
- Reserves -€704,545
down €704,545 (-99.8%), from €705,718 to €1,172
of which Distributable reserves: -€704,545
- Debts after one year -€97,614
down €97,614 (-100%), from €97,614 to €0
- Other debts -€59,394
down €59,394 (-5.3%), from €1.1m to €1.1m
- Current portion of long-term debt -€39,260
down €39,260 (-100%), from €39,260 to €0
- Gross operating margin +€755,821
up €755,821, from -€4,286 to €751,535
- Depreciation -€11,213
down €11,213 (-100%), from €11,213 to €0
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 | €534,344 | €368,578 | -€165,766 | -31.0% |
| Fixed assets | 21/28 | €165,158 | €0 | -€165,158 | -100% |
| Tangible fixed assets | 22/27 | €165,158 | €0 | -€165,158 | -100% |
| Land and buildings | 22 | €165,158 | €0 | -€165,158 | -100% |
| Current assets | 29/58 | €369,187 | €368,578 | -€609 | -0.2% |
| Amounts receivable within one year | 40/41 | €369,187 | €368,087 | -€1,100 | -0.3% |
| Other amounts receivable | 41 | €369,187 | €368,087 | -€1,100 | -0.3% |
| Cash at bank and in hand | 54/58 | €0 | €491 | +€491 | |
| Total equity and liabilities | 10/49 | €534,344 | €368,578 | -€165,766 | -31.0% |
| Equity | 10/15 | -€720,587 | -€684,586 | +€36,000 | +5.0% |
| Contributions | 10/11 | €88,870 | €88,870 | = | 0.0% |
| Reserves | 13 | €705,718 | €1,172 | -€704,545 | -99.8% |
| Non-distributable reserves | 130/1 | €645 | €645 | = | 0.0% |
| Reserves not available under the articles | 1311 | €645 | €645 | = | 0.0% |
| Distributable reserves | 133 | €705,073 | €528 | -€704,545 | -99.9% |
| Profit (loss) carried forward | 14 | -€1,515,174 | -€774,629 | +€740,545 | +48.9% |
| Amounts payable | 17/49 | €1,254,931 | €1,053,164 | -€201,767 | -16.1% |
| Amounts payable after more than one year | 17 | €97,614 | €0 | -€97,614 | -100% |
| Financial debts | 170/4 | €97,614 | €0 | -€97,614 | -100% |
| Amounts payable within one year | 42/48 | €1,157,317 | €1,053,164 | -€104,153 | -9.0% |
| Current portion of amounts payable after more than one year | 42 | €39,260 | €0 | -€39,260 | -100% |
| Financial debts | 43 | €3,227 | €0 | -€3,227 | -100% |
| Credit institutions | 430/8 | €3,227 | €0 | -€3,227 | -100% |
| Trade debts | 44 | €3,543 | €1,271 | -€2,272 | -64.1% |
| Suppliers | 440/4 | €3,543 | €1,271 | -€2,272 | -64.1% |
| Other amounts payable | 47/48 | €1,111,287 | €1,051,893 | -€59,394 | -5.3% |
| Non-recurring operating income | 76A | - | €772,007 | +€772,007 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,213 | €0 | -€11,213 | -100% |
| Other operating charges | 640/8 | €508 | €670 | +€162 | +31.9% |
| Gross operating margin | 9900 | -€4,286 | €751,535 | +€755,821 | |
| Operating profit (loss) | 9901 | -€16,007 | €750,865 | +€766,872 | |
| Financial charges | 65/66B | €6,440 | €10,320 | +€3,880 | +60.3% |
| Recurring financial charges | 65 | €6,440 | €10,320 | +€3,880 | +60.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,447 | €740,545 | +€762,992 | |
| Profit (loss) for the period | 9904 | -€22,447 | €740,545 | +€762,992 | |
| Profit (loss) for the period to be appropriated | 9905 | -€22,447 | €740,545 | +€762,992 |
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 19 October 2026 via checked.be.