WAUTERS: 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.
What changed
WAUTERS
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€16,742
2024 · €5,729-€22,470
Equity
€1,155
2024 · €17,897-€16,742
Cash
€1,300
2024 · €3,446-€2,146
Balance sheet total
€448,040
2024 · €449,400-€1,361
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Profit (loss) carried forward -€16,742
down €16,742 (-271%), from -€6,181 to -€22,922
- Debts after one year +€15,000
up €15,000 (+7.6%), from €196,098 to €211,098
Income statement
- Gross operating margin -€63,411
down €63,411, from €61,161 to -€2,250
- Depreciation -€41,320
no longer reported in 2025 (was €41,320)
- Purchases and services +€18,026
new in 2025: €18,026
- Turnover +€15,776
new in 2025: €15,776
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.
Result 2024
€5,729
Gross operating margin
-€63,411
Depreciation
+€41,320
Other operating charges
-€493
Financial income
+€76
Financial charges
+€38
Result 2025
-€16,742
raises the resultlowers the result
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.
From operations
-€17,146
Investment
€0
Financing
+€15,000
Cash 2024
€3,446
From operations (derived)
-€17,146
Net result for the year
-€16,742
Receivables within one year
-€826
Smaller working-capital items
-€15
Trade debts
+€269
Tax, wage and social debts
+€169
Financing
+€15,000
Debts after one year
+€15,000
Cash 2025
€1,300
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €449,400 | €448,040 | -€1,361 | -0.3% |
| Fixed assets | 21/28 | €425,643 | €425,643 | = | 0.0% |
| Tangible fixed assets | 22/27 | €425,643 | €425,643 | = | 0.0% |
| Land and buildings | 22 | €405,995 | €405,995 | = | 0.0% |
| Furniture and vehicles | 24 | €10,472 | €10,472 | = | 0.0% |
| Other tangible fixed assets | 26 | €9,176 | €9,176 | = | 0.0% |
| Current assets | 29/58 | €23,757 | €22,396 | -€1,361 | -5.7% |
| Stocks and contracts in progress | 3 | €2,500 | €2,500 | = | 0.0% |
| Stocks | 30/36 | €2,500 | €2,500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €17,769 | €18,596 | +€826 | +4.7% |
| Trade receivables | 40 | €16,606 | €17,378 | +€771 | +4.6% |
| Other amounts receivable | 41 | €1,163 | €1,218 | +€55 | +4.7% |
| Cash at bank and in hand | 54/58 | €3,446 | €1,300 | -€2,146 | -62.3% |
| Deferred charges and accrued income | 490/1 | €42 | - | -€42 | |
| Total equity and liabilities | 10/49 | €449,400 | €448,040 | -€1,361 | -0.3% |
| Equity | 10/15 | €17,897 | €1,155 | -€16,742 | -93.5% |
| Contributions | 10/11 | €19,800 | €19,800 | = | 0.0% |
| Contributions outside capital | 11 | €19,800 | - | -€19,800 | |
| Other | 1109/19 | €19,800 | - | -€19,800 | |
| Reserves | 13 | €4,278 | €4,278 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,980 | €1,980 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,980 | €1,980 | = | 0.0% |
| Distributable reserves | 133 | €2,298 | €2,298 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€6,181 | -€22,922 | -€16,742 | -271% |
| Amounts payable | 17/49 | €431,503 | €446,884 | +€15,381 | +3.6% |
| Amounts payable after more than one year | 17 | €196,098 | €211,098 | +€15,000 | +7.6% |
| Financial debts | 170/4 | €196,098 | €211,098 | +€15,000 | +7.6% |
| Amounts payable within one year | 42/48 | €235,390 | €235,786 | +€396 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €28,912 | €28,912 | = | 0.0% |
| Trade debts | 44 | €512 | €782 | +€269 | +52.6% |
| Suppliers | 440/4 | €512 | €782 | +€269 | +52.6% |
| Taxes, remuneration and social security | 45 | €24,482 | €24,651 | +€169 | +0.7% |
| Taxes | 450/3 | €2,364 | €2,532 | +€169 | +7.1% |
| Remuneration and social security | 454/9 | €22,119 | €22,119 | = | 0.0% |
| Other amounts payable | 47/48 | €181,483 | €181,442 | -€42 | 0.0% |
| Accrued charges and deferred income | 492/3 | €15 | - | -€15 | |
| Turnover | 70 | - | €15,776 | +€15,776 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €18,026 | +€18,026 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,320 | - | -€41,320 | |
| Other operating charges | 640/8 | €9,929 | €10,421 | +€493 | +5.0% |
| Gross operating margin | 9900 | €61,161 | -€2,250 | -€63,411 | |
| Operating profit (loss) | 9901 | €9,912 | -€12,672 | -€22,584 | |
| Financial income | 75/76B | - | €76 | +€76 | |
| Recurring financial income | 75 | - | €21 | +€21 | |
| Non-recurring financial income | 76B | - | €55 | +€55 | |
| Financial charges | 65/66B | €4,184 | €4,146 | -€38 | -0.9% |
| Recurring financial charges | 65 | €4,184 | €4,146 | -€38 | -0.9% |
| Profit (loss) for the period before taxes | 9903 | €5,729 | -€16,742 | -€22,470 | |
| Profit (loss) for the period | 9904 | €5,729 | -€16,742 | -€22,470 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,729 | -€16,742 | -€22,470 |
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.