WAUTERS MAZOUT: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
WAUTERS MAZOUT
Largest movements
- Tangible fixed assets +€32,967
up €32,967 (+26.0%), from €126,769 to €159,737
of which Land and buildings: +€23,366
- Cash +€28,123
up €28,123 (+42.5%), from €66,130 to €94,253
mainly Depreciation (+€29,172) and Other debts (+€25,072)
- Receivables within one year -€17,351
down €17,351 (-32.2%), from €53,966 to €36,615
of which Trade receivables: -€17,022
- Stocks and contracts -€15,100
down €15,100 (-29.9%), from €50,500 to €35,400
- Other debts +€25,072
up €25,072 (+48.1%), from €52,138 to €77,210
- Reserves +€10,386
up €10,386 (+8.2%), from €126,079 to €136,465
- Current portion of long-term debt -€7,263
no longer reported in 2025 (was €7,263)
- Gross operating margin +€9,528
up €9,528 (+29.0%), from €32,809 to €42,338
- Depreciation +€3,561
up €3,561 (+13.9%), from €25,611 to €29,172
- Financial charges +€2,314
up €2,314 (+69.1%), from €3,351 to €5,665
- Financial income -€609
down €609 (-8.4%), from €7,224 to €6,615
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €300,438 | €328,008 | +€27,571 | +9.2% |
| Fixed assets | 21/28 | €126,769 | €159,737 | +€32,967 | +26.0% |
| Tangible fixed assets | 22/27 | €126,769 | €159,737 | +€32,967 | +26.0% |
| Land and buildings | 22 | €101,090 | €124,456 | +€23,366 | +23.1% |
| Plant, machinery and equipment | 23 | €14,110 | €13,495 | -€615 | -4.4% |
| Furniture and vehicles | 24 | €11,569 | €21,785 | +€10,216 | +88.3% |
| Current assets | 29/58 | €173,669 | €168,272 | -€5,397 | -3.1% |
| Stocks and contracts in progress | 3 | €50,500 | €35,400 | -€15,100 | -29.9% |
| Stocks | 30/36 | €50,500 | €35,400 | -€15,100 | -29.9% |
| Amounts receivable within one year | 40/41 | €53,966 | €36,615 | -€17,351 | -32.2% |
| Trade receivables | 40 | €53,566 | €36,544 | -€17,022 | -31.8% |
| Other amounts receivable | 41 | €400 | €71 | -€329 | -82.2% |
| Cash at bank and in hand | 54/58 | €66,130 | €94,253 | +€28,123 | +42.5% |
| Deferred charges and accrued income | 490/1 | €3,072 | €2,004 | -€1,068 | -34.8% |
| Total equity and liabilities | 10/49 | €300,438 | €328,008 | +€27,571 | +9.2% |
| Equity | 10/15 | €157,079 | €167,465 | +€10,386 | +6.6% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €126,079 | €136,465 | +€10,386 | +8.2% |
| Distributable reserves | 133 | €126,079 | €136,465 | +€10,386 | +8.2% |
| Amounts payable | 17/49 | €143,358 | €160,543 | +€17,185 | +12.0% |
| Amounts payable within one year | 42/48 | €143,358 | €160,543 | +€17,185 | +12.0% |
| Current portion of amounts payable after more than one year | 42 | €7,263 | - | -€7,263 | |
| Trade debts | 44 | €81,254 | €79,151 | -€2,103 | -2.6% |
| Suppliers | 440/4 | €81,254 | €79,151 | -€2,103 | -2.6% |
| Taxes, remuneration and social security | 45 | €2,703 | €4,182 | +€1,479 | +54.7% |
| Taxes | 450/3 | €2,703 | €4,182 | +€1,479 | +54.7% |
| Other amounts payable | 47/48 | €52,138 | €77,210 | +€25,072 | +48.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,611 | €29,172 | +€3,561 | +13.9% |
| Other operating charges | 640/8 | €605 | €800 | +€195 | +32.3% |
| Gross operating margin | 9900 | €32,809 | €42,338 | +€9,528 | +29.0% |
| Operating profit (loss) | 9901 | €6,593 | €12,365 | +€5,772 | +87.5% |
| Financial income | 75/76B | €7,224 | €6,615 | -€609 | -8.4% |
| Recurring financial income | 75 | €7,224 | €6,615 | -€609 | -8.4% |
| Financial charges | 65/66B | €3,351 | €5,665 | +€2,314 | +69.1% |
| Recurring financial charges | 65 | €3,351 | €5,665 | +€2,314 | +69.1% |
| Profit (loss) for the period before taxes | 9903 | €10,466 | €13,315 | +€2,849 | +27.2% |
| Income taxes | 67/77 | €2,600 | €2,929 | +€329 | +12.7% |
| Profit (loss) for the period | 9904 | €7,866 | €10,386 | +€2,520 | +32.0% |
| Profit (loss) for the period to be appropriated | 9905 | €7,866 | €10,386 | +€2,520 | +32.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.