WIELFAERT: 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.
What changed
WIELFAERT
NACE 70.200, Business and other management consultancy
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€31,230
2024 · €6,182+€25,048
Equity
€3.0m
2024 · €2.8m+€224,502
Cash
€17,684
2024 · €21,718-€4,034
Balance sheet total
€9.9m
2024 · €9.2m+€674,380
Largest movements
Assets
- Financial fixed assets +€377,000
up €377,000 (+17.8%), from €2.1m to €2.5m
- Receivables after one year +€268,972
up €268,972 (+41.7%), from €644,597 to €913,569
Equity and liabilities
- Debts after one year +€503,186
up €503,186 (+8.6%), from €5.8m to €6.3m
of which Other amounts payable: +€804,207
- Revaluation surpluses +€386,885
up €386,885 (+18.5%), from €2.1m to €2.5m
- Reserves -€162,383
down €162,383 (-23.6%), from €688,595 to €526,212
of which Distributable reserves: -€162,383
Income statement
- Depreciation -€84,460
down €84,460 (-22.9%), from €369,586 to €285,126
- Gross operating margin -€49,037
down €49,037 (-8.2%), from €597,556 to €548,518
- Financial charges -€44,081
down €44,081 (-38.8%), from €113,507 to €69,426
- Financial income -€39,534
down €39,534 (-46.0%), from €85,979 to €46,445
- Taxes +€26,859
up €26,859 (+4344.8%), from €618 to €27,477
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.
Result 2024
€6,182
Gross operating margin
-€49,037
Staff costs
-€14,901
Depreciation
+€84,460
Other operating charges
-€17,332
Other operating items
+€44,169
Financial income
-€39,534
Financial charges
+€44,081
Taxes
-€26,859
Result 2025
€31,230
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.
From operations
+€56,841
Investment
-€746,837
Financing
+€685,962
Cash 2024
€21,718
From operations (derived)
+€56,841
Net result for the year
+€31,230
Depreciation
+€285,126
Receivables after one year
-€268,972
Receivables within one year
+€52,849
Smaller working-capital items
-€790
Provisions
-€16,548
Trade debts
-€26,048
Tax, wage and social debts
+€22,901
Other debts
-€22,906
Investment (derived)
-€746,837
Investment in fixed assets (net)
-€746,837
Financing
+€685,962
Debts after one year
+€503,186
Current portion of long-term debt
-€10,495
Contributions, distributions and other
+€193,272
Cash 2025
€17,684
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,190,713 | €9,865,093 | +€674,380 | +7.3% |
| Fixed assets | 21/28 | €8,237,405 | €8,699,116 | +€461,711 | +5.6% |
| Tangible fixed assets | 22/27 | €6,116,405 | €6,201,116 | +€84,711 | +1.4% |
| Land and buildings | 22 | €5,192,415 | €5,308,312 | +€115,897 | +2.2% |
| Plant, machinery and equipment | 23 | €533,042 | €491,319 | -€41,723 | -7.8% |
| Furniture and vehicles | 24 | €81,956 | €62,813 | -€19,142 | -23.4% |
| Other tangible fixed assets | 26 | €308,992 | €338,672 | +€29,680 | +9.6% |
| Financial fixed assets | 28 | €2,121,000 | €2,498,000 | +€377,000 | +17.8% |
| Current assets | 29/58 | €953,308 | €1,165,977 | +€212,669 | +22.3% |
| Amounts receivable after more than one year | 29 | €644,597 | €913,569 | +€268,972 | +41.7% |
| Other amounts receivable | 291 | €644,597 | €913,569 | +€268,972 | +41.7% |
| Amounts receivable within one year | 40/41 | €223,063 | €170,214 | -€52,849 | -23.7% |
| Trade receivables | 40 | €169,707 | €114,814 | -€54,892 | -32.3% |
| Other amounts receivable | 41 | €53,357 | €55,400 | +€2,043 | +3.8% |
| Current investments | 50/53 | €6,021 | €6,021 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €21,718 | €17,684 | -€4,034 | -18.6% |
| Deferred charges and accrued income | 490/1 | €57,908 | €58,488 | +€580 | +1.0% |
| Total equity and liabilities | 10/49 | €9,190,713 | €9,865,093 | +€674,380 | +7.3% |
| Equity | 10/15 | €2,779,596 | €3,004,099 | +€224,502 | +8.1% |
| Contributions | 10/11 | €1 | €1 | = | 0.0% |
| Revaluation surpluses | 12 | €2,091,000 | €2,477,885 | +€386,885 | +18.5% |
| Reserves | 13 | €688,595 | €526,212 | -€162,383 | -23.6% |
| Tax-exempt reserves | 132 | €4,103 | €4,103 | = | 0.0% |
| Distributable reserves | 133 | €684,493 | €522,110 | -€162,383 | -23.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €95,109 | €78,561 | -€16,548 | -17.4% |
| Provisions for liabilities and charges | 160/5 | €95,109 | €78,561 | -€16,548 | -17.4% |
| Other liabilities and charges | 164/5 | €95,109 | €78,561 | -€16,548 | -17.4% |
| Amounts payable | 17/49 | €6,316,007 | €6,782,434 | +€466,426 | +7.4% |
| Amounts payable after more than one year | 17 | €5,830,182 | €6,333,368 | +€503,186 | +8.6% |
| Financial debts | 170/4 | €2,081,848 | €1,780,827 | -€301,022 | -14.5% |
| Other amounts payable | 178/9 | €3,748,334 | €4,552,541 | +€804,207 | +21.5% |
| Amounts payable within one year | 42/48 | €485,615 | €449,066 | -€36,549 | -7.5% |
| Current portion of amounts payable after more than one year | 42 | €311,517 | €301,022 | -€10,495 | -3.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €75,773 | €49,725 | -€26,048 | -34.4% |
| Suppliers | 440/4 | €75,773 | €49,725 | -€26,048 | -34.4% |
| Taxes, remuneration and social security | 45 | €70,480 | €93,380 | +€22,901 | +32.5% |
| Taxes | 450/3 | €50,310 | €62,136 | +€11,826 | +23.5% |
| Remuneration and social security | 454/9 | €20,169 | €31,244 | +€11,075 | +54.9% |
| Other amounts payable | 47/48 | €27,845 | €4,939 | -€22,906 | -82.3% |
| Accrued charges and deferred income | 492/3 | €210 | €0 | -€210 | -100.0% |
| Non-recurring operating income | 76A | €44,229 | €8,247 | -€35,982 | -81.4% |
| Remuneration, social security and pensions | 62 | €142,188 | €157,089 | +€14,901 | +10.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €369,586 | €285,126 | -€84,460 | -22.9% |
| Other operating charges | 640/8 | €7,284 | €24,616 | +€17,332 | +237.9% |
| Non-recurring operating charges | 66A | €44,169 | €0 | -€44,169 | -100.0% |
| Gross operating margin | 9900 | €597,556 | €548,518 | -€49,037 | -8.2% |
| Operating profit (loss) | 9901 | €34,328 | €81,688 | +€47,360 | +138.0% |
| Financial income | 75/76B | €85,979 | €46,445 | -€39,534 | -46.0% |
| Recurring financial income | 75 | €85,979 | €46,445 | -€39,534 | -46.0% |
| Financial charges | 65/66B | €113,507 | €69,426 | -€44,081 | -38.8% |
| Recurring financial charges | 65 | €113,507 | €69,426 | -€44,081 | -38.8% |
| Profit (loss) for the period before taxes | 9903 | €6,800 | €58,707 | +€51,907 | +763.3% |
| Income taxes | 67/77 | €618 | €27,477 | +€26,859 | +4344.8% |
| Profit (loss) for the period | 9904 | €6,182 | €31,230 | +€25,048 | +405.2% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €6,182 | €31,230 | +€25,048 | +405.2% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.