WHEELS & TOOLS: 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.
WHEELS & TOOLS
Largest movements
- Stocks and contracts +€33,864
up €33,864 (+26.6%), from €127,483 to €161,347
- Tangible fixed assets -€11,358
down €11,358 (-28.2%), from €40,280 to €28,922
of which Furniture and vehicles: -€10,852
- Cash -€4,392
down €4,392 (-7.6%), from €58,042 to €53,650
mainly Stocks and contracts (-€33,864) and Contributions, distributions and other (-€19,000)
- Reserves +€21,368
up €21,368 (+10.9%), from €196,408 to €217,776
- Gross operating margin +€21,974
up €21,974 (+31.5%), from €69,737 to €91,711
- Taxes +€4,977
up €4,977 (+46.5%), from €10,704 to €15,682
- Depreciation +€3,864
up €3,864 (+51.6%), from €7,494 to €11,358
- Financial charges +€1,909
up €1,909 (+32.1%), from €5,941 to €7,850
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 | €265,208 | €285,294 | +€20,085 | +7.6% |
| Fixed assets | 21/28 | €40,280 | €28,922 | -€11,358 | -28.2% |
| Tangible fixed assets | 22/27 | €40,280 | €28,922 | -€11,358 | -28.2% |
| Plant, machinery and equipment | 23 | €929 | €422 | -€507 | -54.6% |
| Furniture and vehicles | 24 | €39,351 | €28,500 | -€10,852 | -27.6% |
| Current assets | 29/58 | €224,928 | €256,372 | +€31,444 | +14.0% |
| Stocks and contracts in progress | 3 | €127,483 | €161,347 | +€33,864 | +26.6% |
| Stocks | 30/36 | €127,483 | €161,347 | +€33,864 | +26.6% |
| Amounts receivable within one year | 40/41 | €38,152 | €40,004 | +€1,852 | +4.9% |
| Trade receivables | 40 | €38,152 | €40,004 | +€1,852 | +4.9% |
| Cash at bank and in hand | 54/58 | €58,042 | €53,650 | -€4,392 | -7.6% |
| Deferred charges and accrued income | 490/1 | €1,251 | €1,370 | +€119 | +9.5% |
| Total equity and liabilities | 10/49 | €265,208 | €285,294 | +€20,085 | +7.6% |
| Equity | 10/15 | €221,408 | €242,776 | +€21,368 | +9.7% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €196,408 | €217,776 | +€21,368 | +10.9% |
| Distributable reserves | 133 | €196,408 | €217,776 | +€21,368 | +10.9% |
| Amounts payable | 17/49 | €43,800 | €42,518 | -€1,282 | -2.9% |
| Amounts payable within one year | 42/48 | €43,800 | €42,518 | -€1,282 | -2.9% |
| Trade debts | 44 | €3,792 | €3,606 | -€187 | -4.9% |
| Suppliers | 440/4 | €3,792 | €3,606 | -€187 | -4.9% |
| Taxes, remuneration and social security | 45 | €32,215 | €33,294 | +€1,080 | +3.4% |
| Taxes | 450/3 | €21,797 | €29,217 | +€7,420 | +34.0% |
| Remuneration and social security | 454/9 | €10,417 | €4,077 | -€6,340 | -60.9% |
| Other amounts payable | 47/48 | €7,793 | €5,617 | -€2,175 | -27.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,494 | €11,358 | +€3,864 | +51.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €618 | - | -€618 | |
| Other operating charges | 640/8 | €18,017 | €18,749 | +€732 | +4.1% |
| Gross operating margin | 9900 | €69,737 | €91,711 | +€21,974 | +31.5% |
| Operating profit (loss) | 9901 | €43,608 | €61,604 | +€17,996 | +41.3% |
| Financial income | 75/76B | €2,863 | €2,295 | -€567 | -19.8% |
| Recurring financial income | 75 | €2,863 | €2,295 | -€567 | -19.8% |
| Financial charges | 65/66B | €5,941 | €7,850 | +€1,909 | +32.1% |
| Recurring financial charges | 65 | €5,941 | €7,850 | +€1,909 | +32.1% |
| Profit (loss) for the period before taxes | 9903 | €40,530 | €56,050 | +€15,519 | +38.3% |
| Income taxes | 67/77 | €10,704 | €15,682 | +€4,977 | +46.5% |
| Profit (loss) for the period | 9904 | €29,826 | €40,368 | +€10,542 | +35.3% |
| Profit (loss) for the period to be appropriated | 9905 | €29,826 | €40,368 | +€10,542 | +35.3% |
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 23 October 2026 via checked.be.