VAN WOUWE: 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 WOUWE
Largest movements
- Cash -€72,315
down €72,315 (-79.3%), from €91,217 to €18,902
mainly Investment in fixed assets (net) (-€56,429) and Contributions, distributions and other (-€31,750)
- Stocks and contracts +€24,014
up €24,014 (+27.6%), from €87,107 to €111,121
- Tangible fixed assets +€21,398
up €21,398 (+12.8%), from €166,782 to €188,180
of which Land and buildings: +€21,311
- Receivables within one year -€4,726
no longer reported in 2025 (was €4,726)
of which Other amounts receivable: -€3,000
- Contributions -€31,750
down €31,750 (-16.3%), from €194,200 to €162,450
- Advances received +€22,382
up €22,382 (+294%), from €7,615 to €29,997
- Tax, wage and social debts -€7,143
down €7,143 (-51.4%), from €13,907 to €6,765
of which Taxes: -€5,493
- Current portion of long-term debt -€5,818
no longer reported in 2025 (was €5,818)
- Trade debts -€5,131
down €5,131 (-59.5%), from €8,619 to €3,488
- Gross operating margin +€9,279
up €9,279 (+29.7%), from €31,219 to €40,498
- Depreciation +€2,738
up €2,738 (+8.5%), from €32,293 to €35,031
- Other operating charges -€538
down €538 (-12.6%), from €4,284 to €3,745
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 | €349,831 | €319,838 | -€29,993 | -8.6% |
| Fixed assets | 21/28 | €166,782 | €188,180 | +€21,398 | +12.8% |
| Tangible fixed assets | 22/27 | €166,782 | €188,180 | +€21,398 | +12.8% |
| Land and buildings | 22 | €140,609 | €161,920 | +€21,311 | +15.2% |
| Plant, machinery and equipment | 23 | €24,651 | €21,404 | -€3,247 | -13.2% |
| Furniture and vehicles | 24 | €1,522 | €4,856 | +€3,334 | +219% |
| Current assets | 29/58 | €183,049 | €131,658 | -€51,391 | -28.1% |
| Stocks and contracts in progress | 3 | €87,107 | €111,121 | +€24,014 | +27.6% |
| Stocks | 30/36 | €87,107 | €111,121 | +€24,014 | +27.6% |
| Amounts receivable within one year | 40/41 | €4,726 | - | -€4,726 | |
| Trade receivables | 40 | €1,726 | - | -€1,726 | |
| Other amounts receivable | 41 | €3,000 | - | -€3,000 | |
| Cash at bank and in hand | 54/58 | €91,217 | €18,902 | -€72,315 | -79.3% |
| Deferred charges and accrued income | 490/1 | - | €1,635 | +€1,635 | |
| Total equity and liabilities | 10/49 | €349,831 | €319,838 | -€29,993 | -8.6% |
| Equity | 10/15 | €215,926 | €186,100 | -€29,825 | -13.8% |
| Contributions | 10/11 | €194,200 | €162,450 | -€31,750 | -16.3% |
| Reserves | 13 | €71,200 | €71,200 | = | 0.0% |
| Distributable reserves | 133 | €71,200 | €71,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,474 | -€47,550 | +€1,925 | +3.9% |
| Amounts payable | 17/49 | €133,905 | €133,738 | -€167 | -0.1% |
| Amounts payable within one year | 42/48 | €133,905 | €133,738 | -€167 | -0.1% |
| Current portion of amounts payable after more than one year | 42 | €5,818 | - | -€5,818 | |
| Trade debts | 44 | €8,619 | €3,488 | -€5,131 | -59.5% |
| Suppliers | 440/4 | €8,619 | €3,488 | -€5,131 | -59.5% |
| Advances received on contracts in progress | 46 | €7,615 | €29,997 | +€22,382 | +294% |
| Taxes, remuneration and social security | 45 | €13,907 | €6,765 | -€7,143 | -51.4% |
| Taxes | 450/3 | €12,257 | €6,765 | -€5,493 | -44.8% |
| Remuneration and social security | 454/9 | €1,650 | - | -€1,650 | |
| Other amounts payable | 47/48 | €97,947 | €93,489 | -€4,458 | -4.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,293 | €35,031 | +€2,738 | +8.5% |
| Other operating charges | 640/8 | €4,284 | €3,745 | -€538 | -12.6% |
| Gross operating margin | 9900 | €31,219 | €40,498 | +€9,279 | +29.7% |
| Operating profit (loss) | 9901 | -€5,358 | €1,722 | +€7,079 | |
| Financial income | 75/76B | €862 | €623 | -€239 | -27.7% |
| Recurring financial income | 75 | €862 | €623 | -€239 | -27.7% |
| Financial charges | 65/66B | €195 | €89 | -€105 | -54.2% |
| Recurring financial charges | 65 | €195 | €89 | -€105 | -54.2% |
| Profit (loss) for the period before taxes | 9903 | -€4,690 | €2,256 | +€6,946 | |
| Income taxes | 67/77 | €323 | €331 | +€8 | +2.6% |
| Profit (loss) for the period | 9904 | -€5,013 | €1,925 | +€6,937 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,013 | €1,925 | +€6,937 |
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 15 October 2026 via checked.be.