WAUTERS TEMSE: 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 TEMSE
Largest movements
- Receivables within one year -€814,907
down €814,907 (-54.3%), from €1.5m to €686,583
of which Trade receivables: -€564,317
- Cash +€46,710
up €46,710 (+113%), from €41,310 to €88,020
mainly Receivables within one year (+€814,907) and Net result for the year (+€121,844)
- Trade debts -€684,095
down €684,095 (-55.8%), from €1.2m to €542,590
- Other debts -€143,132
down €143,132 (-46.1%), from €310,469 to €167,337
- Profit (loss) carried forward +€121,844
up €121,844, from -€55,381 to €66,463
- Current portion of long-term debt -€57,106
down €57,106 (-94.7%), from €60,324 to €3,218
- Staff costs -€170,993
down €170,993 (-44.1%), from €387,632 to €216,639
- Gross operating margin -€61,734
down €61,734 (-13.4%), from €460,669 to €398,935
- Taxes +€33,931
new in 2025: €33,931
- Depreciation -€16,000
down €16,000 (-63.1%), from €25,352 to €9,352
- Financial charges +€5,414
up €5,414 (+63.1%), from €8,577 to €13,991
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 | €1,623,228 | €847,931 | -€775,297 | -47.8% |
| Fixed assets | 21/28 | €66,650 | €52,010 | -€14,640 | -22.0% |
| Tangible fixed assets | 22/27 | €66,650 | €52,010 | -€14,640 | -22.0% |
| Plant, machinery and equipment | 23 | €21,876 | €19,633 | -€2,243 | -10.3% |
| Furniture and vehicles | 24 | - | €6,509 | +€6,509 | |
| Leasing and similar rights | 25 | €27,324 | - | -€27,324 | |
| Other tangible fixed assets | 26 | €17,450 | €25,868 | +€8,419 | +48.2% |
| Current assets | 29/58 | €1,556,578 | €795,921 | -€760,658 | -48.9% |
| Stocks and contracts in progress | 3 | €12,019 | €13,314 | +€1,295 | +10.8% |
| Stocks | 30/36 | €12,019 | €13,314 | +€1,295 | +10.8% |
| Amounts receivable within one year | 40/41 | €1,501,490 | €686,583 | -€814,907 | -54.3% |
| Trade receivables | 40 | €1,101,327 | €537,010 | -€564,317 | -51.2% |
| Other amounts receivable | 41 | €400,163 | €149,573 | -€250,590 | -62.6% |
| Cash at bank and in hand | 54/58 | €41,310 | €88,020 | +€46,710 | +113% |
| Deferred charges and accrued income | 490/1 | €1,760 | €8,004 | +€6,244 | +355% |
| Total equity and liabilities | 10/49 | €1,623,228 | €847,931 | -€775,297 | -47.8% |
| Equity | 10/15 | -€25,381 | €96,463 | +€121,844 | |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Contributions outside capital | 11 | €30,000 | €30,000 | = | 0.0% |
| Other | 1109/19 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€55,381 | €66,463 | +€121,844 | |
| Amounts payable | 17/49 | €1,648,609 | €751,468 | -€897,141 | -54.4% |
| Amounts payable after more than one year | 17 | €11,204 | - | -€11,204 | |
| Financial debts | 170/4 | €11,204 | - | -€11,204 | |
| Amounts payable within one year | 42/48 | €1,637,405 | €751,468 | -€885,936 | -54.1% |
| Current portion of amounts payable after more than one year | 42 | €60,324 | €3,218 | -€57,106 | -94.7% |
| Trade debts | 44 | €1,226,684 | €542,590 | -€684,095 | -55.8% |
| Suppliers | 440/4 | €1,226,684 | €542,590 | -€684,095 | -55.8% |
| Taxes, remuneration and social security | 45 | €39,928 | €38,323 | -€1,604 | -4.0% |
| Taxes | 450/3 | €29,197 | €13,222 | -€15,974 | -54.7% |
| Remuneration and social security | 454/9 | €10,731 | €25,101 | +€14,370 | +134% |
| Other amounts payable | 47/48 | €310,469 | €167,337 | -€143,132 | -46.1% |
| Non-recurring operating income | 76A | - | €141 | +€141 | |
| Remuneration, social security and pensions | 62 | €387,632 | €216,639 | -€170,993 | -44.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,352 | €9,352 | -€16,000 | -63.1% |
| Other operating charges | 640/8 | €2,107 | €3,179 | +€1,072 | +50.9% |
| Gross operating margin | 9900 | €460,669 | €398,935 | -€61,734 | -13.4% |
| Operating profit (loss) | 9901 | €45,578 | €169,765 | +€124,186 | +272% |
| Financial income | 75/76B | €0 | €0 | +€0 | +238% |
| Recurring financial income | 75 | €0 | €0 | +€0 | +238% |
| Financial charges | 65/66B | €8,577 | €13,991 | +€5,414 | +63.1% |
| Recurring financial charges | 65 | €8,577 | €13,991 | +€5,414 | +63.1% |
| Profit (loss) for the period before taxes | 9903 | €37,002 | €155,775 | +€118,773 | +321% |
| Income taxes | 67/77 | - | €33,931 | +€33,931 | |
| Profit (loss) for the period | 9904 | €37,002 | €121,844 | +€84,842 | +229% |
| Profit (loss) for the period to be appropriated | 9905 | €37,002 | €121,844 | +€84,842 | +229% |
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 30 October 2026 via checked.be.