WIDE THE VALUE FACTORY: what changed
WIDE THE VALUE FACTORY
Largest movements
- Intangible fixed assets -€81,220
down €81,220 (-12.5%), from €649,760 to €568,540
- Receivables within one year -€73,503
down €73,503 (-21.2%), from €346,626 to €273,123
of which Trade receivables: -€102,784
- Tangible fixed assets -€17,623
down €17,623 (-20.7%), from €85,233 to €67,610
of which Other tangible fixed assets: -€10,907
- Cash -€14,505
down €14,505 (-13.5%), from €107,503 to €92,998
mainly Net result for the year (-€97,044) and Debts after one year (-€67,000)
- Profit (loss) carried forward -€97,044
down €97,044 (-97.2%), from €99,851 to €2,807
- Debts after one year -€67,000
down €67,000 (-8.1%), from €828,292 to €761,292
- Trade debts -€18,908
down €18,908 (-10.4%), from €182,559 to €163,651
- Gross operating margin -€108,132
down €108,132, from €103,768 to -€4,364
- Staff costs -€27,841
down €27,841 (-99.1%), from €28,090 to €250
- Taxes -€4,992
down €4,992, from €4,985 to -€7
- Financial charges -€3,410
down €3,410 (-92.5%), from €3,685 to €275
- Financial income +€1,421
up €1,421 (+21.4%), from €6,653 to €8,074
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,192,399 | €1,004,918 | -€187,482 | -15.7% |
| Fixed assets | 21/28 | €735,372 | €636,529 | -€98,843 | -13.4% |
| Intangible fixed assets | 21 | €649,760 | €568,540 | -€81,220 | -12.5% |
| Tangible fixed assets | 22/27 | €85,233 | €67,610 | -€17,623 | -20.7% |
| Furniture and vehicles | 24 | €8,976 | €2,261 | -€6,715 | -74.8% |
| Other tangible fixed assets | 26 | €76,256 | €65,349 | -€10,907 | -14.3% |
| Financial fixed assets | 28 | €379 | €379 | = | 0.0% |
| Current assets | 29/58 | €457,027 | €368,388 | -€88,639 | -19.4% |
| Amounts receivable within one year | 40/41 | €346,626 | €273,123 | -€73,503 | -21.2% |
| Trade receivables | 40 | €203,261 | €100,477 | -€102,784 | -50.6% |
| Other amounts receivable | 41 | €143,365 | €172,647 | +€29,281 | +20.4% |
| Cash at bank and in hand | 54/58 | €107,503 | €92,998 | -€14,505 | -13.5% |
| Deferred charges and accrued income | 490/1 | €2,898 | €2,267 | -€631 | -21.8% |
| Total equity and liabilities | 10/49 | €1,192,399 | €1,004,918 | -€187,482 | -15.7% |
| Equity | 10/15 | €176,111 | €79,067 | -€97,044 | -55.1% |
| Contributions | 10/11 | €68,200 | €68,200 | = | 0.0% |
| Capital | 10 | €68,200 | €68,200 | = | 0.0% |
| Issued capital | 100 | €80,600 | €80,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €8,060 | €8,060 | = | 0.0% |
| Non-distributable reserves | 130/1 | €8,060 | €8,060 | = | 0.0% |
| Legal reserve | 130 | €8,060 | €8,060 | = | 0.0% |
| Profit (loss) carried forward | 14 | €99,851 | €2,807 | -€97,044 | -97.2% |
| Amounts payable | 17/49 | €1,016,288 | €925,851 | -€90,438 | -8.9% |
| Amounts payable after more than one year | 17 | €828,292 | €761,292 | -€67,000 | -8.1% |
| Other amounts payable | 178/9 | €828,292 | €761,292 | -€67,000 | -8.1% |
| Amounts payable within one year | 42/48 | €187,996 | €164,096 | -€23,900 | -12.7% |
| Trade debts | 44 | €182,559 | €163,651 | -€18,908 | -10.4% |
| Suppliers | 440/4 | €182,559 | €163,651 | -€18,908 | -10.4% |
| Taxes, remuneration and social security | 45 | €5,437 | €445 | -€4,992 | -91.8% |
| Taxes | 450/3 | €5,437 | €445 | -€4,992 | -91.8% |
| Accrued charges and deferred income | 492/3 | - | €462 | +€462 | |
| Remuneration, social security and pensions | 62 | €28,090 | €250 | -€27,841 | -99.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €99,314 | €98,843 | -€471 | -0.5% |
| Other operating charges | 640/8 | €743 | €1,393 | +€650 | +87.6% |
| Non-recurring operating charges | 66A | €45 | - | -€45 | |
| Gross operating margin | 9900 | €103,768 | -€4,364 | -€108,132 | |
| Operating profit (loss) | 9901 | -€24,424 | -€104,850 | -€80,426 | -329% |
| Financial income | 75/76B | €6,653 | €8,074 | +€1,421 | +21.4% |
| Recurring financial income | 75 | €6,653 | €8,074 | +€1,421 | +21.4% |
| Financial charges | 65/66B | €3,685 | €275 | -€3,410 | -92.5% |
| Recurring financial charges | 65 | €3,685 | €275 | -€3,410 | -92.5% |
| Profit (loss) for the period before taxes | 9903 | -€21,456 | -€97,051 | -€75,595 | -352% |
| Income taxes | 67/77 | €4,985 | -€7 | -€4,992 | |
| Profit (loss) for the period | 9904 | -€26,441 | -€97,044 | -€70,603 | -267% |
| Profit (loss) for the period to be appropriated | 9905 | -€26,441 | -€97,044 | -€70,603 | -267% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.