WIDNELL EUROPE: 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.
WIDNELL EUROPE
Largest movements
- Cash -€241,542
down €241,542 (-45.7%), from €528,527 to €286,985
mainly Advances received (-€383,000) and Investment in fixed assets (net) (-€281,012)
- Tangible fixed assets +€176,495
up €176,495 (+258%), from €68,369 to €244,864
of which Furniture and vehicles: +€210,095
- Receivables within one year -€139,912
down €139,912 (-2.6%), from €5.4m to €5.3m
of which Other amounts receivable: -€148,098
- Advances received -€383,000
down €383,000 (-82.6%), from €463,430 to €80,430
- Trade debts +€325,199
up €325,199 (+303%), from €107,451 to €432,650
- Provisions -€205,000
down €205,000 (-54.7%), from €375,000 to €170,000
- Short-term financial debts +€95,023
up €95,023 (+11.3%), from €838,943 to €933,966
- Staff costs -€345,448
down €345,448 (-26.3%), from €1.3m to €966,586
- Provisions -€205,000
new in 2025: -€205,000
- Gross operating margin -€168,640
down €168,640 (-14.0%), from €1.2m to €1.0m
- Taxes -€65,866
down €65,866 (-52.1%), from €126,451 to €60,585
- Other operating charges -€64,015
down €64,015 (-73.9%), from €86,612 to €22,597
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 | €6,128,112 | €5,906,689 | -€221,423 | -3.6% |
| Fixed assets | 21/28 | €101,585 | €278,080 | +€176,495 | +174% |
| Tangible fixed assets | 22/27 | €68,369 | €244,864 | +€176,495 | +258% |
| Furniture and vehicles | 24 | €14,793 | €224,888 | +€210,095 | +1,420% |
| Other tangible fixed assets | 26 | €53,576 | €19,976 | -€33,600 | -62.7% |
| Financial fixed assets | 28 | €33,216 | €33,216 | = | 0.0% |
| Current assets | 29/58 | €6,026,528 | €5,628,610 | -€397,918 | -6.6% |
| Amounts receivable within one year | 40/41 | €5,441,573 | €5,301,661 | -€139,912 | -2.6% |
| Trade receivables | 40 | €1,196,616 | €1,204,803 | +€8,186 | +0.7% |
| Other amounts receivable | 41 | €4,244,957 | €4,096,859 | -€148,098 | -3.5% |
| Current investments | 50/53 | €1 | €1 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €528,527 | €286,985 | -€241,542 | -45.7% |
| Deferred charges and accrued income | 490/1 | €56,426 | €39,963 | -€16,464 | -29.2% |
| Total equity and liabilities | 10/49 | €6,128,112 | €5,906,689 | -€221,423 | -3.6% |
| Equity | 10/15 | €4,070,343 | €4,106,739 | +€36,397 | +0.9% |
| Contributions | 10/11 | €161,131 | €161,131 | = | 0.0% |
| Capital | 10 | €161,131 | €161,131 | = | 0.0% |
| Issued capital | 100 | €161,131 | €161,131 | = | 0.0% |
| Reserves | 13 | €1,852,580 | €1,852,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €16,113 | €16,113 | = | 0.0% |
| Legal reserve | 130 | €16,113 | €16,113 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,967 | €1,967 | = | 0.0% |
| Distributable reserves | 133 | €1,834,500 | €1,834,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,056,632 | €2,093,029 | +€36,397 | +1.8% |
| Provisions and deferred taxes | 16 | €375,000 | €170,000 | -€205,000 | -54.7% |
| Provisions for liabilities and charges | 160/5 | €375,000 | €170,000 | -€205,000 | -54.7% |
| Major repairs and maintenance | 162 | €375,000 | €170,000 | -€205,000 | -54.7% |
| Amounts payable | 17/49 | €1,682,770 | €1,629,950 | -€52,820 | -3.1% |
| Amounts payable within one year | 42/48 | €1,644,180 | €1,628,890 | -€15,290 | -0.9% |
| Current portion of amounts payable after more than one year | 42 | €24,561 | €19,451 | -€5,111 | -20.8% |
| Financial debts | 43 | €838,943 | €933,966 | +€95,023 | +11.3% |
| Credit institutions | 430/8 | €838,943 | €933,966 | +€95,023 | +11.3% |
| Trade debts | 44 | €107,451 | €432,650 | +€325,199 | +303% |
| Suppliers | 440/4 | €107,451 | €432,650 | +€325,199 | +303% |
| Advances received on contracts in progress | 46 | €463,430 | €80,430 | -€383,000 | -82.6% |
| Taxes, remuneration and social security | 45 | €209,649 | €162,249 | -€47,400 | -22.6% |
| Taxes | 450/3 | €27,143 | €12,334 | -€14,809 | -54.6% |
| Remuneration and social security | 454/9 | €182,506 | €149,914 | -€32,591 | -17.9% |
| Other amounts payable | 47/48 | €145 | €145 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €38,590 | €1,060 | -€37,530 | -97.3% |
| Remuneration, social security and pensions | 62 | €1,312,034 | €966,586 | -€345,448 | -26.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €84,981 | €104,517 | +€19,536 | +23.0% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | - | -€205,000 | -€205,000 | |
| Other operating charges | 640/8 | €86,612 | €22,597 | -€64,015 | -73.9% |
| Gross operating margin | 9900 | €1,201,798 | €1,033,157 | -€168,640 | -14.0% |
| Operating profit (loss) | 9901 | -€281,829 | €144,457 | +€426,286 | |
| Financial income | 75/76B | €0 | €23 | +€22 | +224,900% |
| Recurring financial income | 75 | €0 | €23 | +€22 | +224,900% |
| Financial charges | 65/66B | €59,789 | €47,498 | -€12,291 | -20.6% |
| Recurring financial charges | 65 | €59,789 | €47,498 | -€12,291 | -20.6% |
| Profit (loss) for the period before taxes | 9903 | -€341,618 | €96,982 | +€438,600 | |
| Income taxes | 67/77 | €126,451 | €60,585 | -€65,866 | -52.1% |
| Profit (loss) for the period | 9904 | -€468,069 | €36,397 | +€504,466 | |
| Profit (loss) for the period to be appropriated | 9905 | -€468,069 | €36,397 | +€504,466 |
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 27 October 2026 via checked.be.