Wenzel Tijs: 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.
Wenzel Tijs
Largest movements
- Receivables within one year +€7,657
up €7,657 (+37.9%), from €20,206 to €27,862
of which Other amounts receivable: +€19,757
- Cash -€5,082
down €5,082 (-7.5%), from €68,100 to €63,018
mainly Contributions, distributions and other (-€64,706) and Debts after one year (-€19,821)
- Profit (loss) carried forward +€20,173
up €20,173 (+16.7%), from €120,568 to €140,742
- Debts after one year -€19,821
down €19,821 (-22.6%), from €87,687 to €67,866
- Gross operating margin +€19,779
up €19,779 (+88.2%), from €22,431 to €42,210
- Financial income +€7,454
up €7,454 (+14.7%), from €50,659 to €58,113
- Taxes +€5,632
up €5,632 (+104%), from €5,438 to €11,071
- Financial charges -€673
down €673 (-14.9%), from €4,527 to €3,854
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 | €232,094 | €234,615 | +€2,521 | +1.1% |
| Fixed assets | 21/28 | €140,000 | €140,000 | = | 0.0% |
| Financial fixed assets | 28 | €140,000 | €140,000 | = | 0.0% |
| Current assets | 29/58 | €92,094 | €94,615 | +€2,521 | +2.7% |
| Amounts receivable within one year | 40/41 | €20,206 | €27,862 | +€7,657 | +37.9% |
| Trade receivables | 40 | €12,100 | €0 | -€12,100 | -100% |
| Other amounts receivable | 41 | €8,106 | €27,862 | +€19,757 | +244% |
| Cash at bank and in hand | 54/58 | €68,100 | €63,018 | -€5,082 | -7.5% |
| Deferred charges and accrued income | 490/1 | €3,788 | €3,735 | -€54 | -1.4% |
| Total equity and liabilities | 10/49 | €232,094 | €234,615 | +€2,521 | +1.1% |
| Equity | 10/15 | €121,568 | €141,742 | +€20,173 | +16.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €120,568 | €140,742 | +€20,173 | +16.7% |
| Amounts payable | 17/49 | €110,525 | €92,874 | -€17,652 | -16.0% |
| Amounts payable after more than one year | 17 | €87,687 | €67,866 | -€19,821 | -22.6% |
| Financial debts | 170/4 | €87,687 | €67,866 | -€19,821 | -22.6% |
| Amounts payable within one year | 42/48 | €22,838 | €25,007 | +€2,169 | +9.5% |
| Current portion of amounts payable after more than one year | 42 | €19,097 | €19,821 | +€725 | +3.8% |
| Trade debts | 44 | €315 | €1,777 | +€1,462 | +464% |
| Suppliers | 440/4 | €315 | €1,777 | +€1,462 | +464% |
| Taxes, remuneration and social security | 45 | €1,656 | €1,872 | +€216 | +13.0% |
| Taxes | 450/3 | €1,656 | €1,872 | +€216 | +13.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,770 | €1,537 | -€233 | -13.2% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €22,431 | €42,210 | +€19,779 | +88.2% |
| Operating profit (loss) | 9901 | €21,925 | €41,690 | +€19,765 | +90.1% |
| Financial income | 75/76B | €50,659 | €58,113 | +€7,454 | +14.7% |
| Recurring financial income | 75 | €50,659 | €58,113 | +€7,454 | +14.7% |
| Financial charges | 65/66B | €4,527 | €3,854 | -€673 | -14.9% |
| Recurring financial charges | 65 | €4,527 | €3,854 | -€673 | -14.9% |
| Profit (loss) for the period before taxes | 9903 | €68,057 | €95,950 | +€27,893 | +41.0% |
| Income taxes | 67/77 | €5,438 | €11,071 | +€5,632 | +104% |
| Profit (loss) for the period | 9904 | €62,619 | €84,879 | +€22,260 | +35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €62,619 | €84,879 | +€22,260 | +35.5% |
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 1 November 2026 via checked.be.