WERNER BOSTYN-CANNAERT: what changed
Two fiscal 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.
What changed
WERNER BOSTYN-CANNAERT
NACE 64.210, Activities of holding companies
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
-€15,694
2024 · €159-€15,853
Equity
€156,028
2024 · €171,722-€15,694
Cash
€7,251
2024 · €4,827+€2,424
Balance sheet total
€262,653
2024 · €302,254-€39,602
Largest movements
Assets
- Tangible fixed assets -€42,076
down €42,076 (-14.7%), from €287,011 to €244,935
of which Plant, machinery and equipment: -€46,003
Equity and liabilities
- Other debts -€17,053
down €17,053 (-14.6%), from €117,017 to €99,964
- Profit (loss) carried forward -€12,786
down €12,786 (-2.2%), from -€594,508 to -€607,294
- Accrued charges and deferred income -€4,505
down €4,505 (-66.7%), from €6,759 to €2,254
Income statement
- Gross operating margin -€22,145
down €22,145 (-37.4%), from €59,215 to €37,070
- Taxes -€5,923
down €5,923 (-95.0%), from €6,236 to €313
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.
Result 2024
€159
Gross operating margin
-€22,145
Depreciation
-€83
Other operating charges
+€478
Financial income
-€27
Taxes
+€5,923
Result 2025
-€15,694
Cash bridge derived
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.
From operations
+€2,424
Investment
€0
Financing
€0
Cash 2024
€4,827
From operations (derived)
+€2,424
Net result for the year
-€15,694
Depreciation
+€42,076
Smaller working-capital items
-€31
Receivables within one year
+€1,798
Deferred charges and accrued income
-€1,917
Provisions
-€969
Trade debts
+€238
Advances received
-€1,520
Other debts
-€17,053
Accrued charges and deferred income
-€4,505
Cash 2025
€7,251
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €302,254 | €262,653 | -€39,602 | -13.1% |
| Fixed assets | 21/28 | €287,011 | €244,935 | -€42,076 | -14.7% |
| Tangible fixed assets | 22/27 | €287,011 | €244,935 | -€42,076 | -14.7% |
| Land and buildings | 22 | €239,232 | €243,160 | +€3,928 | +1.6% |
| Plant, machinery and equipment | 23 | €47,778 | €1,775 | -€46,003 | -96.3% |
| Current assets | 29/58 | €15,243 | €17,718 | +€2,474 | +16.2% |
| Stocks and contracts in progress | 3 | €69 | €0 | -€69 | -100.0% |
| Stocks | 30/36 | €69 | €0 | -€69 | -100.0% |
| Amounts receivable within one year | 40/41 | €7,457 | €5,659 | -€1,798 | -24.1% |
| Trade receivables | 40 | €4,176 | €1,180 | -€2,996 | -71.8% |
| Other amounts receivable | 41 | €3,281 | €4,479 | +€1,198 | +36.5% |
| Cash at bank and in hand | 54/58 | €4,827 | €7,251 | +€2,424 | +50.2% |
| Deferred charges and accrued income | 490/1 | €2,891 | €4,807 | +€1,917 | +66.3% |
| Total equity and liabilities | 10/49 | €302,254 | €262,653 | -€39,602 | -13.1% |
| Equity | 10/15 | €171,722 | €156,028 | -€15,694 | -9.1% |
| Contributions | 10/11 | €750,000 | €750,000 | = | 0.0% |
| Capital | 10 | €750,000 | €750,000 | = | 0.0% |
| Issued capital | 100 | €750,000 | €750,000 | = | 0.0% |
| Reserves | 13 | €16,229 | €13,322 | -€2,908 | -17.9% |
| Non-distributable reserves | 130/1 | €496 | €496 | = | 0.0% |
| Legal reserve | 130 | €496 | €496 | = | 0.0% |
| Tax-exempt reserves | 132 | €15,734 | €12,826 | -€2,908 | -18.5% |
| Profit (loss) carried forward | 14 | -€594,508 | -€607,294 | -€12,786 | -2.2% |
| Provisions and deferred taxes | 16 | €2,180 | €1,211 | -€969 | -44.5% |
| Deferred taxes | 168 | €2,180 | €1,211 | -€969 | -44.5% |
| Amounts payable | 17/49 | €128,352 | €105,414 | -€22,938 | -17.9% |
| Amounts payable within one year | 42/48 | €121,594 | €103,160 | -€18,434 | -15.2% |
| Trade debts | 44 | €143 | €381 | +€238 | +167.0% |
| Suppliers | 440/4 | €143 | €381 | +€238 | +167.0% |
| Advances received on contracts in progress | 46 | €1,520 | €0 | -€1,520 | -100.0% |
| Taxes, remuneration and social security | 45 | €2,914 | €2,815 | -€99 | -3.4% |
| Taxes | 450/3 | €2,914 | €2,815 | -€99 | -3.4% |
| Other amounts payable | 47/48 | €117,017 | €99,964 | -€17,053 | -14.6% |
| Accrued charges and deferred income | 492/3 | €6,759 | €2,254 | -€4,505 | -66.7% |
| Non-recurring operating income | 76A | €20,176 | €0 | -€20,176 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,993 | €42,076 | +€83 | +0.2% |
| Other operating charges | 640/8 | €11,762 | €11,284 | -€478 | -4.1% |
| Gross operating margin | 9900 | €59,215 | €37,070 | -€22,145 | -37.4% |
| Operating profit (loss) | 9901 | €5,460 | -€16,290 | -€21,750 | |
| Financial income | 75/76B | €27 | €0 | -€27 | -100.0% |
| Recurring financial income | 75 | €27 | €0 | -€27 | -100.0% |
| Financial charges | 65/66B | €60 | €60 | = | 0.0% |
| Recurring financial charges | 65 | €60 | €60 | = | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €5,427 | -€16,350 | -€21,776 | |
| Transfer from deferred taxes | 780 | €969 | €969 | = | 0.0% |
| Income taxes | 67/77 | €6,236 | €313 | -€5,923 | -95.0% |
| Profit (loss) for the period | 9904 | €159 | -€15,694 | -€15,853 | |
| Transfer from tax-exempt reserves | 789 | €2,908 | €2,908 | -€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,067 | -€12,786 | -€15,854 |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.