WAUTERICKX: 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.
WAUTERICKX
Largest movements
- Tangible fixed assets +€316,900
up €316,900 (+112%), from €281,993 to €598,893
of which Land and buildings: +€355,278
- Cash -€63,616
down €63,616 (-31.7%), from €200,685 to €137,069
mainly Investment in fixed assets (net) (-€384,731) and Net result for the year (-€20,346)
- Receivables within one year -€27,865
down €27,865 (-43.3%), from €64,295 to €36,430
of which Trade receivables: -€40,076
- Other debts +€193,677
up €193,677 (+7,474%), from €2,591 to €196,268
- Debts after one year +€56,504
up €56,504 (+53.7%), from €105,163 to €161,667
- Profit (loss) carried forward -€20,346
down €20,346 (-11.4%), from €178,734 to €158,388
- Accrued charges and deferred income +€13,542
up €13,542 (+6,923%), from €196 to €13,737
- Tax, wage and social debts -€13,278
down €13,278 (-100%), from €13,278 to €0
- Gross operating margin -€119,472
down €119,472 (-63.2%), from €189,044 to €69,573
- Taxes -€37,079
down €37,079 (-96.3%), from €38,512 to €1,432
- Financial charges +€15,755
up €15,755 (+467%), from €3,376 to €19,132
- Depreciation +€11,516
up €11,516 (+20.4%), from €56,315 to €67,831
- Staff costs -€4,112
down €4,112 (-100%), from €4,112 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 | €556,454 | €785,629 | +€229,176 | +41.2% |
| Fixed assets | 21/28 | €281,993 | €598,893 | +€316,900 | +112% |
| Tangible fixed assets | 22/27 | €281,993 | €598,893 | +€316,900 | +112% |
| Land and buildings | 22 | €193,431 | €548,709 | +€355,278 | +184% |
| Plant, machinery and equipment | 23 | €49,740 | €16,634 | -€33,106 | -66.6% |
| Furniture and vehicles | 24 | €38,822 | €33,551 | -€5,271 | -13.6% |
| Current assets | 29/58 | €274,461 | €186,736 | -€87,725 | -32.0% |
| Amounts receivable within one year | 40/41 | €64,295 | €36,430 | -€27,865 | -43.3% |
| Trade receivables | 40 | €59,904 | €19,828 | -€40,076 | -66.9% |
| Other amounts receivable | 41 | €4,392 | €16,602 | +€12,211 | +278% |
| Cash at bank and in hand | 54/58 | €200,685 | €137,069 | -€63,616 | -31.7% |
| Deferred charges and accrued income | 490/1 | €9,480 | €13,237 | +€3,757 | +39.6% |
| Total equity and liabilities | 10/49 | €556,454 | €785,629 | +€229,176 | +41.2% |
| Equity | 10/15 | €399,257 | €378,911 | -€20,346 | -5.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €214,323 | €214,323 | = | 0.0% |
| Distributable reserves | 133 | €214,323 | €214,323 | = | 0.0% |
| Profit (loss) carried forward | 14 | €178,734 | €158,388 | -€20,346 | -11.4% |
| Provisions and deferred taxes | 16 | €4,000 | €4,000 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €4,000 | €4,000 | = | 0.0% |
| Major repairs and maintenance | 162 | €4,000 | €4,000 | = | 0.0% |
| Amounts payable | 17/49 | €153,197 | €402,718 | +€249,522 | +163% |
| Amounts payable after more than one year | 17 | €105,163 | €161,667 | +€56,504 | +53.7% |
| Financial debts | 170/4 | €105,163 | €161,667 | +€56,504 | +53.7% |
| Amounts payable within one year | 42/48 | €47,839 | €227,314 | +€179,476 | +375% |
| Current portion of amounts payable after more than one year | 42 | €27,205 | €19,607 | -€7,598 | -27.9% |
| Trade debts | 44 | €4,764 | €11,439 | +€6,674 | +140% |
| Suppliers | 440/4 | €4,764 | €11,439 | +€6,674 | +140% |
| Taxes, remuneration and social security | 45 | €13,278 | €0 | -€13,278 | -100% |
| Taxes | 450/3 | €13,278 | €0 | -€13,278 | -100% |
| Other amounts payable | 47/48 | €2,591 | €196,268 | +€193,677 | +7,474% |
| Accrued charges and deferred income | 492/3 | €196 | €13,737 | +€13,542 | +6,923% |
| Remuneration, social security and pensions | 62 | €4,112 | €0 | -€4,112 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €56,315 | €67,831 | +€11,516 | +20.4% |
| Other operating charges | 640/8 | €2,347 | €2,292 | -€55 | -2.3% |
| Gross operating margin | 9900 | €189,044 | €69,573 | -€119,472 | -63.2% |
| Operating profit (loss) | 9901 | €126,270 | -€551 | -€126,821 | |
| Financial income | 75/76B | €1,488 | €769 | -€719 | -48.3% |
| Recurring financial income | 75 | €1,488 | €769 | -€719 | -48.3% |
| Financial charges | 65/66B | €3,376 | €19,132 | +€15,755 | +467% |
| Recurring financial charges | 65 | €3,376 | €19,132 | +€15,755 | +467% |
| Profit (loss) for the period before taxes | 9903 | €124,382 | -€18,914 | -€143,296 | |
| Income taxes | 67/77 | €38,512 | €1,432 | -€37,079 | -96.3% |
| Profit (loss) for the period | 9904 | €85,870 | -€20,346 | -€106,216 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,870 | -€20,346 | -€106,216 |
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 16 October 2026 via checked.be.