WEDUWE FRANS PUT: 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.
WEDUWE FRANS PUT
Largest movements
- Receivables within one year -€214,464
down €214,464 (-22.7%), from €944,280 to €729,816
of which Other amounts receivable: -€139,700
- Tangible fixed assets -€134,356
down €134,356 (-25.5%), from €527,200 to €392,844
of which Leasing and similar rights: -€90,650
- Current investments +€87,372
up €87,372 (+9.3%), from €943,172 to €1.0m
- Cash +€43,170
up €43,170 (+8.6%), from €503,612 to €546,782
mainly Receivables within one year (+€214,464) and Depreciation (+€147,484)
- Trade debts -€97,589
down €97,589 (-55.7%), from €175,176 to €77,586
- Reserves +€77,742
up €77,742 (+7.9%), from €982,809 to €1.1m
of which Distributable reserves: +€77,742
- Other debts -€74,280
no longer reported in 2025 (was €74,280)
- Debts after one year -€48,775
down €48,775 (-62.4%), from €78,147 to €29,372
- Current portion of long-term debt -€39,803
down €39,803 (-44.9%), from €88,577 to €48,774
- Staff costs +€49,042
up €49,042 (+7.4%), from €660,779 to €709,822
- Gross operating margin +€43,909
up €43,909 (+5.1%), from €858,071 to €901,980
- Provisions -€35,000
new in 2025: -€35,000
- Write-downs +€13,424
new in 2025: €13,424
- Financial income -€11,230
down €11,230 (-9.3%), from €121,105 to €109,875
of which Non-recurring financial income: -€116,599
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 | €2,966,113 | €2,755,048 | -€211,065 | -7.1% |
| Fixed assets | 21/28 | €538,752 | €404,396 | -€134,356 | -24.9% |
| Tangible fixed assets | 22/27 | €527,200 | €392,844 | -€134,356 | -25.5% |
| Land and buildings | 22 | €270,694 | €259,901 | -€10,793 | -4.0% |
| Plant, machinery and equipment | 23 | €10,244 | €10,009 | -€235 | -2.3% |
| Furniture and vehicles | 24 | €120,964 | €88,286 | -€32,677 | -27.0% |
| Leasing and similar rights | 25 | €125,298 | €34,648 | -€90,650 | -72.3% |
| Financial fixed assets | 28 | €11,552 | €11,552 | = | 0.0% |
| Current assets | 29/58 | €2,427,361 | €2,350,652 | -€76,709 | -3.2% |
| Stocks and contracts in progress | 3 | €400 | €400 | = | 0.0% |
| Stocks | 30/36 | €400 | €400 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €944,280 | €729,816 | -€214,464 | -22.7% |
| Trade receivables | 40 | €732,115 | €657,352 | -€74,764 | -10.2% |
| Other amounts receivable | 41 | €212,164 | €72,464 | -€139,700 | -65.8% |
| Current investments | 50/53 | €943,172 | €1,030,544 | +€87,372 | +9.3% |
| Cash at bank and in hand | 54/58 | €503,612 | €546,782 | +€43,170 | +8.6% |
| Deferred charges and accrued income | 490/1 | €35,897 | €43,110 | +€7,213 | +20.1% |
| Total equity and liabilities | 10/49 | €2,966,113 | €2,755,048 | -€211,065 | -7.1% |
| Equity | 10/15 | €2,341,733 | €2,419,475 | +€77,742 | +3.3% |
| Contributions | 10/11 | €148,736 | €148,736 | = | 0.0% |
| Capital | 10 | €148,736 | €148,736 | = | 0.0% |
| Issued capital | 100 | €148,736 | €148,736 | = | 0.0% |
| Reserves | 13 | €982,809 | €1,060,551 | +€77,742 | +7.9% |
| Tax-exempt reserves | 132 | €658,714 | €658,714 | = | 0.0% |
| Distributable reserves | 133 | €324,095 | €401,837 | +€77,742 | +24.0% |
| Profit (loss) carried forward | 14 | €1,210,188 | €1,210,188 | = | 0.0% |
| Provisions and deferred taxes | 16 | €35,000 | - | -€35,000 | |
| Provisions for liabilities and charges | 160/5 | €35,000 | - | -€35,000 | |
| Other liabilities and charges | 164/5 | €35,000 | - | -€35,000 | |
| Amounts payable | 17/49 | €589,380 | €335,573 | -€253,807 | -43.1% |
| Amounts payable after more than one year | 17 | €78,147 | €29,372 | -€48,775 | -62.4% |
| Financial debts | 170/4 | €78,147 | €29,372 | -€48,775 | -62.4% |
| Amounts payable within one year | 42/48 | €477,811 | €266,283 | -€211,528 | -44.3% |
| Current portion of amounts payable after more than one year | 42 | €88,577 | €48,774 | -€39,803 | -44.9% |
| Financial debts | 43 | €23,520 | €10,000 | -€13,520 | -57.5% |
| Other loans | 439 | €23,520 | €10,000 | -€13,520 | -57.5% |
| Trade debts | 44 | €175,176 | €77,586 | -€97,589 | -55.7% |
| Suppliers | 440/4 | €175,176 | €77,586 | -€97,589 | -55.7% |
| Taxes, remuneration and social security | 45 | €116,259 | €129,923 | +€13,664 | +11.8% |
| Taxes | 450/3 | €43,643 | €51,308 | +€7,665 | +17.6% |
| Remuneration and social security | 454/9 | €72,616 | €78,614 | +€5,999 | +8.3% |
| Other amounts payable | 47/48 | €74,280 | - | -€74,280 | |
| Accrued charges and deferred income | 492/3 | €33,423 | €39,918 | +€6,496 | +19.4% |
| Non-recurring operating income | 76A | €26,686 | €124,056 | +€97,370 | +365% |
| Remuneration, social security and pensions | 62 | €660,779 | €709,822 | +€49,042 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €146,734 | €147,484 | +€751 | +0.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €13,424 | +€13,424 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€35,000 | -€35,000 | |
| Other operating charges | 640/8 | €27,981 | €35,582 | +€7,602 | +27.2% |
| Gross operating margin | 9900 | €858,071 | €901,980 | +€43,909 | +5.1% |
| Operating profit (loss) | 9901 | €22,577 | €30,668 | +€8,090 | +35.8% |
| Financial income | 75/76B | €121,105 | €109,875 | -€11,230 | -9.3% |
| Recurring financial income | 75 | €4,506 | €109,875 | +€105,369 | +2,338% |
| Non-recurring financial income | 76B | €116,599 | - | -€116,599 | |
| Financial charges | 65/66B | €7,148 | €9,452 | +€2,304 | +32.2% |
| Recurring financial charges | 65 | €7,148 | €9,452 | +€2,304 | +32.2% |
| Profit (loss) for the period before taxes | 9903 | €136,534 | €131,091 | -€5,444 | -4.0% |
| Income taxes | 67/77 | €50,392 | €53,349 | +€2,957 | +5.9% |
| Profit (loss) for the period | 9904 | €86,142 | €77,742 | -€8,400 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €86,142 | €77,742 | -€8,400 | -9.8% |
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 31 October 2026 via checked.be.