WILFRIED D'HAESE: what changed
What changed
WILFRIED D'HAESE
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€47,997
2024 · -€138,803+€90,806
Equity
€2.5m
2024 · €2.6m-€47,997
Cash
€24,420
2024 · €34,513-€10,093
Balance sheet total
€4.7m
2024 · €5.3m-€518,187
Largest movements
Assets
- Current investments -€650,000
no longer reported in 2025 (was €650,000)
- Tangible fixed assets +€137,985
up €137,985 (+3.5%), from €3.9m to €4.0m
of which Plant, machinery and equipment: +€266,086
Equity and liabilities
- Debts after one year -€500,137
down €500,137 (-19.7%), from €2.5m to €2.0m
Income statement
- Financial charges -€110,886
down €110,886 (-58.5%), from €189,627 to €78,741
- Depreciation +€15,568
up €15,568 (+8.9%), from €175,331 to €190,899
- Gross operating margin +€5,972
up €5,972 (+2.3%), from €257,899 to €263,871
- Financial income +€3,140
up €3,140 (+477%), from €658 to €3,799
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.
Result 2024
-€138,803
Gross operating margin
+€5,972
Depreciation
-€15,568
Other operating charges
-€1,446
Other operating items
-€11,940
Financial income
+€3,140
Financial charges
+€110,886
Taxes
-€238
Result 2025
-€47,997
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€168,221
Investment
+€321,166
Financing
-€499,480
Cash 2024
€34,513
From operations (derived)
+€168,221
Net result for the year
-€47,997
Depreciation
+€190,899
Receivables within one year
-€4,718
Smaller working-capital items
-€1,043
Trade debts
+€5,236
Other debts
+€25,843
Investment (derived)
+€321,166
Investment in fixed assets (net)
-€328,834
Current investments
+€650,000
Financing
-€499,480
Debts after one year
-€500,137
Current portion of long-term debt
+€657
Cash 2025
€24,420
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,264,016 | €4,745,830 | -€518,187 | -9.8% |
| Fixed assets | 21/28 | €4,562,769 | €4,700,704 | +€137,935 | +3.0% |
| Tangible fixed assets | 22/27 | €3,906,994 | €4,044,979 | +€137,985 | +3.5% |
| Land and buildings | 22 | €3,681,186 | €3,553,603 | -€127,583 | -3.5% |
| Plant, machinery and equipment | 23 | €224,978 | €491,065 | +€266,086 | +118% |
| Furniture and vehicles | 24 | €830 | €311 | -€518 | -62.5% |
| Financial fixed assets | 28 | €655,775 | €655,725 | -€50 | 0.0% |
| Current assets | 29/58 | €701,248 | €45,126 | -€656,122 | -93.6% |
| Amounts receivable within one year | 40/41 | €12,329 | €17,047 | +€4,718 | +38.3% |
| Trade receivables | 40 | €8,103 | €16,159 | +€8,056 | +99.4% |
| Other amounts receivable | 41 | €4,226 | €888 | -€3,339 | -79.0% |
| Current investments | 50/53 | €650,000 | - | -€650,000 | |
| Cash at bank and in hand | 54/58 | €34,513 | €24,420 | -€10,093 | -29.2% |
| Deferred charges and accrued income | 490/1 | €4,406 | €3,660 | -€746 | -16.9% |
| Total equity and liabilities | 10/49 | €5,264,016 | €4,745,830 | -€518,187 | -9.8% |
| Equity | 10/15 | €2,562,284 | €2,514,287 | -€47,997 | -1.9% |
| Contributions | 10/11 | €2,640,236 | €2,640,236 | = | 0.0% |
| Reserves | 13 | €334,163 | €334,163 | = | 0.0% |
| Tax-exempt reserves | 132 | €112,500 | €112,500 | = | 0.0% |
| Distributable reserves | 133 | €221,663 | €221,663 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€412,116 | -€460,112 | -€47,997 | -11.6% |
| Amounts payable | 17/49 | €2,701,733 | €2,231,542 | -€470,190 | -17.4% |
| Amounts payable after more than one year | 17 | €2,534,034 | €2,033,896 | -€500,137 | -19.7% |
| Financial debts | 170/4 | €2,534,034 | €2,033,896 | -€500,137 | -19.7% |
| Amounts payable within one year | 42/48 | €153,354 | €184,426 | +€31,072 | +20.3% |
| Current portion of amounts payable after more than one year | 42 | €64,480 | €65,137 | +€657 | +1.0% |
| Trade debts | 44 | €13,203 | €18,439 | +€5,236 | +39.7% |
| Suppliers | 440/4 | €13,203 | €18,439 | +€5,236 | +39.7% |
| Taxes, remuneration and social security | 45 | €665 | - | -€665 | |
| Taxes | 450/3 | €665 | - | -€665 | |
| Other amounts payable | 47/48 | €75,006 | €100,850 | +€25,843 | +34.5% |
| Accrued charges and deferred income | 492/3 | €14,345 | €13,220 | -€1,125 | -7.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €175,331 | €190,899 | +€15,568 | +8.9% |
| Other operating charges | 640/8 | €32,186 | €33,632 | +€1,446 | +4.5% |
| Non-recurring operating charges | 66A | - | €11,940 | +€11,940 | |
| Gross operating margin | 9900 | €257,899 | €263,871 | +€5,972 | +2.3% |
| Operating profit (loss) | 9901 | €50,381 | €27,399 | -€22,982 | -45.6% |
| Financial income | 75/76B | €658 | €3,799 | +€3,140 | +477% |
| Recurring financial income | 75 | €658 | €3,799 | +€3,140 | +477% |
| Financial charges | 65/66B | €189,627 | €78,741 | -€110,886 | -58.5% |
| Recurring financial charges | 65 | €189,627 | €78,741 | -€110,886 | -58.5% |
| Profit (loss) for the period before taxes | 9903 | -€138,587 | -€47,543 | +€91,044 | +65.7% |
| Income taxes | 67/77 | €216 | €453 | +€238 | +110% |
| Profit (loss) for the period | 9904 | -€138,803 | -€47,997 | +€90,806 | +65.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€138,803 | -€47,997 | +€90,806 | +65.4% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.