WAUTHIER BRUNO: 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.
WAUTHIER BRUNO
Largest movements
- Tangible fixed assets +€28,258
up €28,258 (+251%), from €11,237 to €39,495
of which Furniture and vehicles: +€29,396
- Cash +€5,691
up €5,691 (+34.6%), from €16,472 to €22,162
mainly Trade debts (+€17,984) and Other debts (+€10,220)
- Receivables within one year -€3,689
down €3,689 (-100%), from €3,689 to €0
- Trade debts +€17,984
up €17,984 (+5,939%), from €303 to €18,287
- Other debts +€10,220
up €10,220 (+1,316%), from €777 to €10,996
- Reserves +€5,660
up €5,660 (+16.2%), from €34,880 to €40,540
- Current portion of long-term debt -€2,353
down €2,353 (-57.9%), from €4,062 to €1,709
- Debts after one year -€1,709
down €1,709 (-100%), from €1,709 to €0
- Gross operating margin +€6,333
up €6,333 (+261%), from €2,426 to €8,759
- Depreciation -€5,476
down €5,476 (-78.9%), from €6,942 to €1,466
- Taxes -€941
down €941 (-62.7%), from €1,500 to €559
- Staff costs +€105
new in 2025: €105
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 | €31,397 | €61,658 | +€30,261 | +96.4% |
| Fixed assets | 21/28 | €11,237 | €39,495 | +€28,258 | +251% |
| Tangible fixed assets | 22/27 | €11,237 | €39,495 | +€28,258 | +251% |
| Furniture and vehicles | 24 | €8,245 | €37,641 | +€29,396 | +357% |
| Other tangible fixed assets | 26 | €2,992 | €1,854 | -€1,138 | -38.0% |
| Current assets | 29/58 | €20,160 | €22,162 | +€2,002 | +9.9% |
| Amounts receivable within one year | 40/41 | €3,689 | €0 | -€3,689 | -100% |
| Other amounts receivable | 41 | €3,689 | €0 | -€3,689 | -100% |
| Cash at bank and in hand | 54/58 | €16,472 | €22,162 | +€5,691 | +34.6% |
| Total equity and liabilities | 10/49 | €31,397 | €61,658 | +€30,261 | +96.4% |
| Equity | 10/15 | €24,547 | €30,207 | +€5,660 | +23.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €34,880 | €40,540 | +€5,660 | +16.2% |
| Distributable reserves | 133 | €34,880 | €40,540 | +€5,660 | +16.2% |
| Profit (loss) carried forward | 14 | -€16,533 | -€16,533 | = | 0.0% |
| Amounts payable | 17/49 | €6,850 | €31,451 | +€24,601 | +359% |
| Amounts payable after more than one year | 17 | €1,709 | €0 | -€1,709 | -100% |
| Financial debts | 170/4 | €1,709 | €0 | -€1,709 | -100% |
| Amounts payable within one year | 42/48 | €5,142 | €31,451 | +€26,309 | +512% |
| Current portion of amounts payable after more than one year | 42 | €4,062 | €1,709 | -€2,353 | -57.9% |
| Trade debts | 44 | €303 | €18,287 | +€17,984 | +5,939% |
| Suppliers | 440/4 | €303 | €18,287 | +€17,984 | +5,939% |
| Taxes, remuneration and social security | 45 | - | €459 | +€459 | |
| Taxes | 450/3 | - | €459 | +€459 | |
| Other amounts payable | 47/48 | €777 | €10,996 | +€10,220 | +1,316% |
| Non-recurring operating income | 76A | - | €9,755 | +€9,755 | |
| Remuneration, social security and pensions | 62 | - | €105 | +€105 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,942 | €1,466 | -€5,476 | -78.9% |
| Other operating charges | 640/8 | €764 | €825 | +€61 | +8.0% |
| Gross operating margin | 9900 | €2,426 | €8,759 | +€6,333 | +261% |
| Operating profit (loss) | 9901 | -€5,281 | €6,362 | +€11,643 | |
| Financial income | 75/76B | €3 | €0 | -€3 | -100% |
| Recurring financial income | 75 | €3 | €0 | -€3 | -100% |
| Financial charges | 65/66B | €197 | €143 | -€53 | -27.1% |
| Recurring financial charges | 65 | €197 | €143 | -€53 | -27.1% |
| Profit (loss) for the period before taxes | 9903 | -€5,474 | €6,219 | +€11,693 | |
| Income taxes | 67/77 | €1,500 | €559 | -€941 | -62.7% |
| Profit (loss) for the period | 9904 | -€6,974 | €5,660 | +€12,634 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,974 | €5,660 | +€12,634 |
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 21 October 2026 via checked.be.