WAUTERS PLAN: 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 PLAN
Largest movements
- Receivables within one year +€422,798
up €422,798 (+80.6%), from €524,357 to €947,155
of which Trade receivables: +€441,254
- Cash -€300,146
down €300,146 (-52.4%), from €572,959 to €272,813
mainly Other debts (-€809,570) and Receivables within one year (-€422,798)
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Tangible fixed assets -€168,404
down €168,404 (-10.5%), from €1.6m to €1.4m
- Stocks and contracts +€109,301
up €109,301 (+32.5%), from €336,718 to €446,019
- Other debts -€809,570
down €809,570 (-67.1%), from €1.2m to €396,390
- Reserves +€332,584
up €332,584 (+47.9%), from €694,389 to €1.0m
of which Distributable reserves: +€332,584
- Debts after one year +€165,645
up €165,645 (+18.3%), from €904,605 to €1.1m
- Trade debts +€82,314
up €82,314 (+47.5%), from €173,163 to €255,477
- Tax, wage and social debts +€52,332
up €52,332 (+695%), from €7,530 to €59,862
- Financial income +€501,419
up €501,419 (+1,784%), from €28,107 to €529,525
- Taxes +€44,415
up €44,415 (+16,409%), from €271 to €44,685
- Financial charges -€35,758
down €35,758 (-49.9%), from €71,609 to €35,851
- Depreciation +€24,813
up €24,813 (+8.0%), from €309,634 to €334,447
- Gross operating margin +€20,487
up €20,487 (+6.1%), from €334,465 to €354,952
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 | €4,026,130 | €3,831,378 | -€194,752 | -4.8% |
| Fixed assets | 21/28 | €2,311,839 | €2,143,435 | -€168,404 | -7.3% |
| Tangible fixed assets | 22/27 | €1,607,101 | €1,438,697 | -€168,404 | -10.5% |
| Land and buildings | 22 | €488,190 | €413,638 | -€74,551 | -15.3% |
| Plant, machinery and equipment | 23 | €533,893 | €451,634 | -€82,259 | -15.4% |
| Furniture and vehicles | 24 | €585,018 | €573,425 | -€11,594 | -2.0% |
| Financial fixed assets | 28 | €704,738 | €704,738 | = | 0.0% |
| Current assets | 29/58 | €1,714,291 | €1,687,943 | -€26,349 | -1.5% |
| Stocks and contracts in progress | 3 | €336,718 | €446,019 | +€109,301 | +32.5% |
| Stocks | 30/36 | €336,718 | €446,019 | +€109,301 | +32.5% |
| Amounts receivable within one year | 40/41 | €524,357 | €947,155 | +€422,798 | +80.6% |
| Trade receivables | 40 | €504,438 | €945,693 | +€441,254 | +87.5% |
| Other amounts receivable | 41 | €19,919 | €1,462 | -€18,457 | -92.7% |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €572,959 | €272,813 | -€300,146 | -52.4% |
| Deferred charges and accrued income | 490/1 | €30,257 | €21,956 | -€8,301 | -27.4% |
| Total equity and liabilities | 10/49 | €4,026,130 | €3,831,378 | -€194,752 | -4.8% |
| Equity | 10/15 | €1,499,989 | €1,814,518 | +€314,528 | +21.0% |
| Contributions | 10/11 | €785,400 | €785,400 | = | 0.0% |
| Reserves | 13 | €694,389 | €1,026,972 | +€332,584 | +47.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €694,389 | €1,026,972 | +€332,584 | +47.9% |
| Profit (loss) carried forward | 14 | -€1,423 | €0 | +€1,423 | |
| Investment grants | 15 | €21,624 | €2,145 | -€19,479 | -90.1% |
| Provisions and deferred taxes | 16 | €1,138 | €113 | -€1,025 | -90.1% |
| Deferred taxes | 168 | €1,138 | €113 | -€1,025 | -90.1% |
| Amounts payable | 17/49 | €2,525,003 | €2,016,747 | -€508,255 | -20.1% |
| Amounts payable after more than one year | 17 | €904,605 | €1,070,250 | +€165,645 | +18.3% |
| Financial debts | 170/4 | €904,605 | €1,070,250 | +€165,645 | +18.3% |
| Amounts payable within one year | 42/48 | €1,620,398 | €946,083 | -€674,314 | -41.6% |
| Current portion of amounts payable after more than one year | 42 | €233,745 | €234,355 | +€610 | +0.3% |
| Trade debts | 44 | €173,163 | €255,477 | +€82,314 | +47.5% |
| Suppliers | 440/4 | €173,163 | €255,477 | +€82,314 | +47.5% |
| Taxes, remuneration and social security | 45 | €7,530 | €59,862 | +€52,332 | +695% |
| Taxes | 450/3 | €7,530 | €59,862 | +€52,332 | +695% |
| Other amounts payable | 47/48 | €1,205,959 | €396,390 | -€809,570 | -67.1% |
| Accrued charges and deferred income | 492/3 | €0 | €414 | +€414 | |
| Non-recurring operating income | 76A | - | €38,000 | +€38,000 | |
| Remuneration, social security and pensions | 62 | - | €37 | +€37 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €309,634 | €334,447 | +€24,813 | +8.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €17,860 | €0 | -€17,860 | -100% |
| Other operating charges | 640/8 | €20,912 | €21,342 | +€430 | +2.1% |
| Non-recurring operating charges | 66A | €0 | €5,957 | +€5,957 | |
| Gross operating margin | 9900 | €334,465 | €354,952 | +€20,487 | +6.1% |
| Operating profit (loss) | 9901 | -€13,941 | -€6,831 | +€7,110 | +51.0% |
| Financial income | 75/76B | €28,107 | €529,525 | +€501,419 | +1,784% |
| Recurring financial income | 75 | €28,107 | €529,525 | +€501,419 | +1,784% |
| Financial charges | 65/66B | €71,609 | €35,851 | -€35,758 | -49.9% |
| Recurring financial charges | 65 | €71,609 | €35,851 | -€35,758 | -49.9% |
| Profit (loss) for the period before taxes | 9903 | -€57,443 | €486,844 | +€544,287 | |
| Transfer from deferred taxes | 780 | €1,025 | €1,025 | +€0 | 0.0% |
| Income taxes | 67/77 | €271 | €44,685 | +€44,415 | +16,409% |
| Profit (loss) for the period | 9904 | -€56,688 | €443,184 | +€499,872 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56,688 | €443,184 | +€499,872 |
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 17 October 2026 via checked.be.