WAUTERS-COOLSAET: 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.
WAUTERS-COOLSAET
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€68,366
up €68,366 (+34.9%), from €195,804 to €264,170
mainly Current investments (+€100,000) and Net result for the year (+€34,656)
- Tangible fixed assets +€66,292
up €66,292 (+51.5%), from €128,843 to €195,135
- Receivables within one year +€5,206
up €5,206 (+746%), from €698 to €5,904
of which Other amounts receivable: +€5,904
- Reserves +€34,656
up €34,656 (+10.5%), from €328,724 to €363,380
of which Distributable reserves: +€34,656
- Trade debts +€5,966
up €5,966 (+21.9%), from €27,196 to €33,162
- Staff costs +€23,576
up €23,576 (+22.5%), from €104,727 to €128,303
- Depreciation +€16,901
up €16,901 (+96.8%), from €17,462 to €34,363
- Taxes -€13,794
down €13,794 (-44.5%), from €30,970 to €17,176
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 | €446,529 | €486,086 | +€39,556 | +8.9% |
| Fixed assets | 21/28 | €133,843 | €200,135 | +€66,292 | +49.5% |
| Tangible fixed assets | 22/27 | €128,843 | €195,135 | +€66,292 | +51.5% |
| Land and buildings | 22 | €69,397 | €99,765 | +€30,368 | +43.8% |
| Plant, machinery and equipment | 23 | €58,222 | €80,304 | +€22,082 | +37.9% |
| Furniture and vehicles | 24 | €1,224 | €15,066 | +€13,842 | +1,131% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €312,686 | €285,951 | -€26,736 | -8.6% |
| Stocks and contracts in progress | 3 | €1,250 | €1,250 | = | 0.0% |
| Stocks | 30/36 | €1,250 | €1,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €698 | €5,904 | +€5,206 | +746% |
| Trade receivables | 40 | €698 | - | -€698 | |
| Other amounts receivable | 41 | - | €5,904 | +€5,904 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €195,804 | €264,170 | +€68,366 | +34.9% |
| Deferred charges and accrued income | 490/1 | €14,934 | €14,627 | -€307 | -2.1% |
| Total equity and liabilities | 10/49 | €446,529 | €486,086 | +€39,556 | +8.9% |
| Equity | 10/15 | €400,309 | €433,299 | +€32,990 | +8.2% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €328,724 | €363,380 | +€34,656 | +10.5% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €326,865 | €361,521 | +€34,656 | +10.6% |
| Profit (loss) carried forward | 14 | €65,388 | €63,722 | -€1,666 | -2.5% |
| Amounts payable | 17/49 | €46,220 | €52,786 | +€6,566 | +14.2% |
| Amounts payable within one year | 42/48 | €46,220 | €52,786 | +€6,566 | +14.2% |
| Trade debts | 44 | €27,196 | €33,162 | +€5,966 | +21.9% |
| Suppliers | 440/4 | €27,196 | €33,162 | +€5,966 | +21.9% |
| Taxes, remuneration and social security | 45 | €17,131 | €17,840 | +€709 | +4.1% |
| Taxes | 450/3 | €965 | - | -€965 | |
| Remuneration and social security | 454/9 | €16,166 | €17,840 | +€1,674 | +10.4% |
| Other amounts payable | 47/48 | €1,893 | €1,784 | -€109 | -5.8% |
| Remuneration, social security and pensions | 62 | €104,727 | €128,303 | +€23,576 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,462 | €34,363 | +€16,901 | +96.8% |
| Other operating charges | 640/8 | €1,429 | €2,589 | +€1,160 | +81.1% |
| Non-recurring operating charges | 66A | - | €196 | +€196 | |
| Gross operating margin | 9900 | €218,904 | €217,452 | -€1,452 | -0.7% |
| Operating profit (loss) | 9901 | €95,286 | €52,001 | -€43,285 | -45.4% |
| Financial income | 75/76B | €1,167 | €2,551 | +€1,384 | +119% |
| Recurring financial income | 75 | €1,167 | €2,551 | +€1,384 | +119% |
| Financial charges | 65/66B | €2,423 | €2,720 | +€297 | +12.3% |
| Recurring financial charges | 65 | €2,423 | €2,720 | +€297 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €94,030 | €51,832 | -€42,198 | -44.9% |
| Income taxes | 67/77 | €30,970 | €17,176 | -€13,794 | -44.5% |
| Profit (loss) for the period | 9904 | €63,060 | €34,656 | -€28,404 | -45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €63,060 | €34,656 | -€28,404 | -45.0% |
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 30 October 2026 via checked.be.