WIDAR JEAN-CLAUDE: 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.
WIDAR JEAN-CLAUDE
Largest movements
- Stocks and contracts -€208,080
down €208,080 (-35.0%), from €594,787 to €386,707
of which Stocks: -€211,080
- Receivables within one year -€58,028
down €58,028 (-16.8%), from €344,757 to €286,729
of which Other amounts receivable: -€48,391
- Tangible fixed assets -€40,042
down €40,042 (-23.0%), from €174,304 to €134,263
of which Land and buildings: -€28,036
- Cash +€29,217
up €29,217 (+96.1%), from €30,389 to €59,606
mainly Stocks and contracts (+€208,080) and Receivables within one year (+€58,028)
- Short-term financial debts -€253,737
no longer reported in 2025 (was €253,737)
- Debts after one year -€39,762
down €39,762 (-32.8%), from €121,275 to €81,513
- Reserves +€24,355
up €24,355 (+3.7%), from €654,658 to €679,013
- Current portion of long-term debt -€12,737
down €12,737 (-24.3%), from €52,498 to €39,762
- Gross operating margin -€111,292
down €111,292 (-40.4%), from €275,415 to €164,123
- Taxes -€29,610
down €29,610 (-69.5%), from €42,617 to €13,007
- Financial charges -€7,670
down €7,670 (-41.6%), from €18,459 to €10,789
- Financial income -€3,126
down €3,126 (-16.8%), from €18,651 to €15,525
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 | €1,147,703 | €869,695 | -€278,008 | -24.2% |
| Fixed assets | 21/28 | €174,428 | €134,387 | -€40,042 | -23.0% |
| Tangible fixed assets | 22/27 | €174,304 | €134,263 | -€40,042 | -23.0% |
| Land and buildings | 22 | €136,103 | €108,066 | -€28,036 | -20.6% |
| Plant, machinery and equipment | 23 | €5,207 | €4,108 | -€1,099 | -21.1% |
| Furniture and vehicles | 24 | €32,994 | €22,088 | -€10,906 | -33.1% |
| Financial fixed assets | 28 | €124 | €124 | = | 0.0% |
| Current assets | 29/58 | €973,275 | €735,308 | -€237,966 | -24.5% |
| Stocks and contracts in progress | 3 | €594,787 | €386,707 | -€208,080 | -35.0% |
| Stocks | 30/36 | €579,787 | €368,707 | -€211,080 | -36.4% |
| Contracts in progress | 37 | €15,000 | €18,000 | +€3,000 | +20.0% |
| Amounts receivable within one year | 40/41 | €344,757 | €286,729 | -€58,028 | -16.8% |
| Trade receivables | 40 | €116,226 | €106,590 | -€9,636 | -8.3% |
| Other amounts receivable | 41 | €228,531 | €180,140 | -€48,391 | -21.2% |
| Cash at bank and in hand | 54/58 | €30,389 | €59,606 | +€29,217 | +96.1% |
| Deferred charges and accrued income | 490/1 | €3,342 | €2,267 | -€1,075 | -32.2% |
| Total equity and liabilities | 10/49 | €1,147,703 | €869,695 | -€278,008 | -24.2% |
| Equity | 10/15 | €673,258 | €697,613 | +€24,355 | +3.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €654,658 | €679,013 | +€24,355 | +3.7% |
| Distributable reserves | 133 | €654,658 | €679,013 | +€24,355 | +3.7% |
| Amounts payable | 17/49 | €474,445 | €172,082 | -€302,363 | -63.7% |
| Amounts payable after more than one year | 17 | €121,275 | €81,513 | -€39,762 | -32.8% |
| Financial debts | 170/4 | €121,275 | €81,513 | -€39,762 | -32.8% |
| Amounts payable within one year | 42/48 | €353,170 | €90,460 | -€262,710 | -74.4% |
| Current portion of amounts payable after more than one year | 42 | €52,498 | €39,762 | -€12,737 | -24.3% |
| Financial debts | 43 | €253,737 | - | -€253,737 | |
| Credit institutions | 430/8 | €253,737 | - | -€253,737 | |
| Trade debts | 44 | €18,718 | €12,180 | -€6,538 | -34.9% |
| Suppliers | 440/4 | €18,718 | €12,180 | -€6,538 | -34.9% |
| Taxes, remuneration and social security | 45 | €28,217 | €38,518 | +€10,302 | +36.5% |
| Taxes | 450/3 | €26,367 | €36,724 | +€10,357 | +39.3% |
| Remuneration and social security | 454/9 | €1,850 | €1,795 | -€55 | -3.0% |
| Accrued charges and deferred income | 492/3 | - | €109 | +€109 | |
| Non-recurring operating income | 76A | €1,649 | - | -€1,649 | |
| Remuneration, social security and pensions | 62 | €80,515 | €78,597 | -€1,918 | -2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,515 | €46,944 | -€571 | -1.2% |
| Other operating charges | 640/8 | €6,026 | €5,956 | -€70 | -1.2% |
| Gross operating margin | 9900 | €275,415 | €164,123 | -€111,292 | -40.4% |
| Operating profit (loss) | 9901 | €141,358 | €32,625 | -€108,733 | -76.9% |
| Financial income | 75/76B | €18,651 | €15,525 | -€3,126 | -16.8% |
| Recurring financial income | 75 | €18,651 | €15,525 | -€3,126 | -16.8% |
| Financial charges | 65/66B | €18,459 | €10,789 | -€7,670 | -41.6% |
| Recurring financial charges | 65 | €18,459 | €10,789 | -€7,670 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €141,550 | €37,361 | -€104,188 | -73.6% |
| Income taxes | 67/77 | €42,617 | €13,007 | -€29,610 | -69.5% |
| Profit (loss) for the period | 9904 | €98,933 | €24,355 | -€74,578 | -75.4% |
| Profit (loss) for the period to be appropriated | 9905 | €98,933 | €24,355 | -€74,578 | -75.4% |
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.