WIDIBOUW: 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.
WIDIBOUW
Largest movements
- Receivables within one year +€44,230
up €44,230 (+302.7%), from €14,614 to €58,844
of which Trade receivables: +€45,833
- Cash -€10,656
down €10,656 (-26.3%), from €40,466 to €29,810
mainly Receivables within one year (-€44,230) and Investment in fixed assets (net) (-€13,749)
- Stocks and contracts +€5,841
new in 2025: €5,841
- Tangible fixed assets +€3,419
up €3,419 (+9.1%), from €37,451 to €40,871
of which Furniture and vehicles: +€10,651
- Deferred charges and accrued income -€3,016
no longer reported in 2025 (was €3,016)
- Trade debts +€25,231
up €25,231 (+1149.7%), from €2,195 to €27,426
- Reserves +€8,088
up €8,088 (+11.5%), from €70,038 to €78,126
of which Distributable reserves: +€8,088
- Other debts +€4,137
up €4,137 (+87.5%), from €4,728 to €8,864
- Tax, wage and social debts +€2,362
up €2,362 (+6299.7%), from €38 to €2,400
of which Taxes: +€2,361
- Gross operating margin -€5,973
down €5,973 (-21.2%), from €28,225 to €22,253
- Taxes -€2,770
down €2,770 (-52.2%), from €5,307 to €2,537
- Depreciation +€896
up €896 (+9.5%), from €9,434 to €10,330
- Financial charges -€290
down €290, from €252 to -€39
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €95,548 | €135,366 | +€39,818 | +41.7% |
| Fixed assets | 21/28 | €37,451 | €40,871 | +€3,419 | +9.1% |
| Tangible fixed assets | 22/27 | €37,451 | €40,871 | +€3,419 | +9.1% |
| Plant, machinery and equipment | 23 | €36,567 | €29,335 | -€7,231 | -19.8% |
| Furniture and vehicles | 24 | €885 | €11,536 | +€10,651 | +1203.6% |
| Current assets | 29/58 | €58,096 | €94,495 | +€36,399 | +62.7% |
| Stocks and contracts in progress | 3 | - | €5,841 | +€5,841 | |
| Stocks | 30/36 | - | €5,841 | +€5,841 | |
| Amounts receivable within one year | 40/41 | €14,614 | €58,844 | +€44,230 | +302.7% |
| Trade receivables | 40 | €4,920 | €50,753 | +€45,833 | +931.6% |
| Other amounts receivable | 41 | €9,694 | €8,092 | -€1,602 | -16.5% |
| Cash at bank and in hand | 54/58 | €40,466 | €29,810 | -€10,656 | -26.3% |
| Deferred charges and accrued income | 490/1 | €3,016 | - | -€3,016 | |
| Total equity and liabilities | 10/49 | €95,548 | €135,366 | +€39,818 | +41.7% |
| Equity | 10/15 | €88,588 | €96,676 | +€8,088 | +9.1% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €70,038 | €78,126 | +€8,088 | +11.5% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €68,183 | €76,271 | +€8,088 | +11.9% |
| Amounts payable | 17/49 | €6,960 | €38,690 | +€31,730 | +455.9% |
| Amounts payable within one year | 42/48 | €6,960 | €38,690 | +€31,730 | +455.9% |
| Trade debts | 44 | €2,195 | €27,426 | +€25,231 | +1149.7% |
| Suppliers | 440/4 | €2,195 | €27,426 | +€25,231 | +1149.7% |
| Taxes, remuneration and social security | 45 | €38 | €2,400 | +€2,362 | +6299.7% |
| Taxes | 450/3 | €38 | €2,399 | +€2,361 | +6296.7% |
| Remuneration and social security | 454/9 | - | €1 | +€1 | |
| Other amounts payable | 47/48 | €4,728 | €8,864 | +€4,137 | +87.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,434 | €10,330 | +€896 | +9.5% |
| Other operating charges | 640/8 | €1,309 | €1,345 | +€36 | +2.7% |
| Gross operating margin | 9900 | €28,225 | €22,253 | -€5,973 | -21.2% |
| Operating profit (loss) | 9901 | €17,482 | €10,578 | -€6,905 | -39.5% |
| Financial income | 75/76B | €123 | €9 | -€114 | -92.8% |
| Recurring financial income | 75 | €123 | €9 | -€114 | -92.8% |
| Financial charges | 65/66B | €252 | -€39 | -€290 | |
| Recurring financial charges | 65 | €252 | -€39 | -€290 | |
| Profit (loss) for the period before taxes | 9903 | €17,354 | €10,625 | -€6,729 | -38.8% |
| Income taxes | 67/77 | €5,307 | €2,537 | -€2,770 | -52.2% |
| Profit (loss) for the period | 9904 | €12,047 | €8,088 | -€3,959 | -32.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,047 | €8,088 | -€3,959 | -32.9% |
Source: filed annual accounts (NBB), fiscal years ended 29 February 2024 and 28 February 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.