Wauters Rene: what changed
What changed
Wauters Rene
filed annual accounts (NBB)
Net result for the year
€14,387
2024 · €20,512-€6,126
Equity
€593,238
2024 · €578,851+€14,387
Cash
€208,307
2024 · €195,209+€13,097
Balance sheet total
€1.0m
2024 · €1.1m-€8,253
Largest movements
Assets
- Tangible fixed assets -€20,376
down €20,376 (-2.6%), from €786,365 to €765,989
of which Land and buildings: -€24,269
- Cash +€13,097
up €13,097 (+6.7%), from €195,209 to €208,307
mainly Depreciation (+€25,216) and Net result for the year (+€14,387)
Equity and liabilities
- Debts after one year -€19,763
down €19,763 (-11.0%), from €179,381 to €159,618
- Reserves +€14,387
up €14,387 (+2.6%), from €558,851 to €573,238
of which Distributable reserves: +€18,995
Income statement
- Gross operating margin -€13,745
down €13,745 (-16.0%), from €85,713 to €71,967
- Taxes -€3,018
down €3,018 (-25.7%), from €11,720 to €8,702
- Other operating charges -€2,433
down €2,433 (-25.7%), from €9,477 to €7,043
- Financial charges -€2,106
down €2,106 (-9.7%), from €21,709 to €19,602
- Financial income +€1,009
up €1,009 (+230%), from €438 to €1,447
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.
Result 2024
€20,512
Gross operating margin
-€13,745
Depreciation
-€947
Other operating charges
+€2,433
Financial income
+€1,009
Financial charges
+€2,106
Taxes
+€3,018
Result 2025
€14,387
raises the resultlowers the result
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.
From operations
+€37,288
Investment
-€4,820
Financing
-€19,370
Cash 2024
€195,209
From operations (derived)
+€37,288
Net result for the year
+€14,387
Depreciation
+€25,216
Receivables within one year
+€1,281
Deferred charges and accrued income
-€327
Provisions
-€1,536
Trade debts
+€9
Tax, wage and social debts
-€1,330
Other debts
+€1,550
Accrued charges and deferred income
-€1,961
Investment (derived)
-€4,820
Investment in fixed assets (net)
-€4,820
Financing
-€19,370
Debts after one year
-€19,763
Current portion of long-term debt
+€392
Cash 2025
€208,307
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,058,084 | €1,049,832 | -€8,253 | -0.8% |
| Fixed assets | 21/28 | €786,385 | €765,989 | -€20,396 | -2.6% |
| Tangible fixed assets | 22/27 | €786,365 | €765,989 | -€20,376 | -2.6% |
| Land and buildings | 22 | €786,365 | €762,096 | -€24,269 | -3.1% |
| Plant, machinery and equipment | 23 | €0 | €3,893 | +€3,893 | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Financial fixed assets | 28 | €20 | - | -€20 | |
| Current assets | 29/58 | €271,699 | €283,842 | +€12,143 | +4.5% |
| Amounts receivable within one year | 40/41 | €75,117 | €73,836 | -€1,281 | -1.7% |
| Other amounts receivable | 41 | €75,117 | €73,836 | -€1,281 | -1.7% |
| Cash at bank and in hand | 54/58 | €195,209 | €208,307 | +€13,097 | +6.7% |
| Deferred charges and accrued income | 490/1 | €1,373 | €1,699 | +€327 | +23.8% |
| Total equity and liabilities | 10/49 | €1,058,084 | €1,049,832 | -€8,253 | -0.8% |
| Equity | 10/15 | €578,851 | €593,238 | +€14,387 | +2.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €558,851 | €573,238 | +€14,387 | +2.6% |
| Tax-exempt reserves | 132 | €124,438 | €119,829 | -€4,608 | -3.7% |
| Distributable reserves | 133 | €434,413 | €453,408 | +€18,995 | +4.4% |
| Provisions and deferred taxes | 16 | €41,479 | €39,943 | -€1,536 | -3.7% |
| Deferred taxes | 168 | €41,479 | €39,943 | -€1,536 | -3.7% |
| Amounts payable | 17/49 | €437,754 | €416,651 | -€21,103 | -4.8% |
| Amounts payable after more than one year | 17 | €179,381 | €159,618 | -€19,763 | -11.0% |
| Financial debts | 170/4 | €179,381 | €159,618 | -€19,763 | -11.0% |
| Amounts payable within one year | 42/48 | €239,140 | €239,761 | +€621 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €19,370 | €19,763 | +€392 | +2.0% |
| Trade debts | 44 | €158 | €167 | +€9 | +5.5% |
| Suppliers | 440/4 | €158 | €167 | +€9 | +5.5% |
| Taxes, remuneration and social security | 45 | €1,708 | €378 | -€1,330 | -77.9% |
| Taxes | 450/3 | €1,708 | €378 | -€1,330 | -77.9% |
| Other amounts payable | 47/48 | €217,903 | €219,454 | +€1,550 | +0.7% |
| Accrued charges and deferred income | 492/3 | €19,233 | €17,272 | -€1,961 | -10.2% |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,269 | €25,216 | +€947 | +3.9% |
| Other operating charges | 640/8 | €9,477 | €7,043 | -€2,433 | -25.7% |
| Gross operating margin | 9900 | €85,713 | €71,967 | -€13,745 | -16.0% |
| Operating profit (loss) | 9901 | €51,967 | €39,708 | -€12,259 | -23.6% |
| Financial income | 75/76B | €438 | €1,447 | +€1,009 | +230% |
| Recurring financial income | 75 | €438 | €1,447 | +€1,009 | +230% |
| Financial charges | 65/66B | €21,709 | €19,602 | -€2,106 | -9.7% |
| Recurring financial charges | 65 | €21,709 | €19,602 | -€2,106 | -9.7% |
| Profit (loss) for the period before taxes | 9903 | €30,697 | €21,553 | -€9,144 | -29.8% |
| Transfer from deferred taxes | 780 | €1,536 | €1,536 | = | 0.0% |
| Income taxes | 67/77 | €11,720 | €8,702 | -€3,018 | -25.7% |
| Profit (loss) for the period | 9904 | €20,512 | €14,387 | -€6,126 | -29.9% |
| Transfer from tax-exempt reserves | 789 | €4,608 | €4,608 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,121 | €18,995 | -€6,126 | -24.4% |
Next steps
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Calculation and sources
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 6 November 2026 via checked.be.