VANHOUTTE WOUTER: 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.
VANHOUTTE WOUTER
Largest movements
- Tangible fixed assets +€29,465
up €29,465 (+14.7%), from €200,070 to €229,535
of which Furniture and vehicles: +€42,181
- Cash -€5,965
down €5,965 (-2.3%), from €255,226 to €249,261
mainly Contributions, distributions and other (-€81,100) and Investment in fixed assets (net) (-€52,050)
- Other debts +€33,168
up €33,168 (+246%), from €13,475 to €46,643
- Reserves -€31,280
down €31,280 (-7.7%), from €407,805 to €376,526
of which Distributable reserves: -€31,280
- Current portion of long-term debt +€19,662
up €19,662 (+170%), from €11,533 to €31,195
- Trade debts -€13,928
down €13,928 (-39.8%), from €34,982 to €21,054
- Tax, wage and social debts +€11,556
up €11,556 (+699%), from €1,653 to €13,209
of which Taxes: +€11,553
- Gross operating margin +€38,575
up €38,575 (+66.9%), from €57,699 to €96,274
- Depreciation +€5,853
up €5,853 (+35.0%), from €16,731 to €22,584
- Taxes +€4,474
up €4,474 (+33.6%), from €13,315 to €17,789
- Financial charges +€1,912
up €1,912 (+104%), from €1,838 to €3,750
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 | €556,681 | €579,494 | +€22,813 | +4.1% |
| Fixed assets | 21/28 | €200,205 | €229,670 | +€29,465 | +14.7% |
| Tangible fixed assets | 22/27 | €200,070 | €229,535 | +€29,465 | +14.7% |
| Land and buildings | 22 | €167,095 | €160,451 | -€6,643 | -4.0% |
| Plant, machinery and equipment | 23 | €21,201 | €16,193 | -€5,008 | -23.6% |
| Furniture and vehicles | 24 | €8,838 | €51,019 | +€42,181 | +477% |
| Other tangible fixed assets | 26 | €2,937 | €1,872 | -€1,065 | -36.3% |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €356,476 | €349,824 | -€6,653 | -1.9% |
| Amounts receivable within one year | 40/41 | €95,027 | €95,656 | +€629 | +0.7% |
| Trade receivables | 40 | €70,685 | €95,253 | +€24,568 | +34.8% |
| Other amounts receivable | 41 | €24,343 | €404 | -€23,939 | -98.3% |
| Cash at bank and in hand | 54/58 | €255,226 | €249,261 | -€5,965 | -2.3% |
| Deferred charges and accrued income | 490/1 | €6,223 | €4,907 | -€1,316 | -21.2% |
| Total equity and liabilities | 10/49 | €556,681 | €579,494 | +€22,813 | +4.1% |
| Equity | 10/15 | €414,305 | €383,026 | -€31,280 | -7.5% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €407,805 | €376,526 | -€31,280 | -7.7% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €389,055 | €357,776 | -€31,280 | -8.0% |
| Amounts payable | 17/49 | €142,376 | €196,468 | +€54,092 | +38.0% |
| Amounts payable after more than one year | 17 | €80,732 | €82,680 | +€1,948 | +2.4% |
| Financial debts | 170/4 | €80,732 | €82,680 | +€1,948 | +2.4% |
| Amounts payable within one year | 42/48 | €61,643 | €112,101 | +€50,458 | +81.9% |
| Current portion of amounts payable after more than one year | 42 | €11,533 | €31,195 | +€19,662 | +170% |
| Trade debts | 44 | €34,982 | €21,054 | -€13,928 | -39.8% |
| Suppliers | 440/4 | €34,982 | €21,054 | -€13,928 | -39.8% |
| Taxes, remuneration and social security | 45 | €1,653 | €13,209 | +€11,556 | +699% |
| Taxes | 450/3 | €294 | €11,847 | +€11,553 | +3,925% |
| Remuneration and social security | 454/9 | €1,359 | €1,362 | +€3 | +0.2% |
| Other amounts payable | 47/48 | €13,475 | €46,643 | +€33,168 | +246% |
| Accrued charges and deferred income | 492/3 | - | €1,687 | +€1,687 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,731 | €22,584 | +€5,853 | +35.0% |
| Other operating charges | 640/8 | €2,510 | €2,846 | +€336 | +13.4% |
| Gross operating margin | 9900 | €57,699 | €96,274 | +€38,575 | +66.9% |
| Operating profit (loss) | 9901 | €38,458 | €70,844 | +€32,386 | +84.2% |
| Financial income | 75/76B | €165 | €515 | +€350 | +213% |
| Recurring financial income | 75 | €165 | €515 | +€350 | +213% |
| Financial charges | 65/66B | €1,838 | €3,750 | +€1,912 | +104% |
| Recurring financial charges | 65 | €1,838 | €3,750 | +€1,912 | +104% |
| Profit (loss) for the period before taxes | 9903 | €36,785 | €67,609 | +€30,824 | +83.8% |
| Income taxes | 67/77 | €13,315 | €17,789 | +€4,474 | +33.6% |
| Profit (loss) for the period | 9904 | €23,470 | €49,820 | +€26,350 | +112% |
| Transfer from tax-exempt reserves | 789 | €35,600 | - | -€35,600 | |
| Profit (loss) for the period to be appropriated | 9905 | €59,070 | €49,820 | -€9,250 | -15.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.