WIM AERTS: 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.
WIM AERTS
Largest movements
- Cash +€259,351
up €259,351 (+65.5%), from €396,106 to €655,457
mainly Net result for the year (+€196,172) and Current investments (+€69,234)
- Current investments -€69,234
down €69,234 (-16.4%), from €421,423 to €352,189
- Tangible fixed assets -€18,620
down €18,620 (-24.6%), from €75,708 to €57,088
- Reserves +€196,172
up €196,172 (+23.6%), from €830,596 to €1.0m
- Trade debts -€12,757
down €12,757 (-67.0%), from €19,039 to €6,282
- Gross operating margin +€54,000
up €54,000 (+22.6%), from €239,062 to €293,062
- Taxes +€18,579
up €18,579 (+27.2%), from €68,242 to €86,821
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 | €904,328 | €1,081,079 | +€176,752 | +19.5% |
| Fixed assets | 21/28 | €75,708 | €57,088 | -€18,620 | -24.6% |
| Tangible fixed assets | 22/27 | €75,708 | €57,088 | -€18,620 | -24.6% |
| Furniture and vehicles | 24 | €75,708 | €57,088 | -€18,620 | -24.6% |
| Current assets | 29/58 | €828,620 | €1,023,992 | +€195,372 | +23.6% |
| Amounts receivable within one year | 40/41 | €7,515 | €11,915 | +€4,400 | +58.5% |
| Trade receivables | 40 | €7,515 | €59 | -€7,456 | -99.2% |
| Other amounts receivable | 41 | - | €11,856 | +€11,856 | |
| Current investments | 50/53 | €421,423 | €352,189 | -€69,234 | -16.4% |
| Cash at bank and in hand | 54/58 | €396,106 | €655,457 | +€259,351 | +65.5% |
| Deferred charges and accrued income | 490/1 | €3,575 | €4,431 | +€855 | +23.9% |
| Total equity and liabilities | 10/49 | €904,328 | €1,081,079 | +€176,752 | +19.5% |
| Equity | 10/15 | €842,996 | €1,039,168 | +€196,172 | +23.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €830,596 | €1,026,768 | +€196,172 | +23.6% |
| Distributable reserves | 133 | €830,596 | €1,026,768 | +€196,172 | +23.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €61,331 | €41,911 | -€19,420 | -31.7% |
| Amounts payable within one year | 42/48 | €61,331 | €41,911 | -€19,420 | -31.7% |
| Trade debts | 44 | €19,039 | €6,282 | -€12,757 | -67.0% |
| Suppliers | 440/4 | €19,039 | €6,282 | -€12,757 | -67.0% |
| Taxes, remuneration and social security | 45 | €34,491 | €35,630 | +€1,139 | +3.3% |
| Taxes | 450/3 | €34,491 | €35,630 | +€1,139 | +3.3% |
| Other amounts payable | 47/48 | €7,802 | €0 | -€7,802 | -100% |
| Non-recurring operating income | 76A | €7,500 | €0 | -€7,500 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,960 | €18,620 | +€2,660 | +16.7% |
| Other operating charges | 640/8 | €451 | €465 | +€14 | +3.2% |
| Gross operating margin | 9900 | €239,062 | €293,062 | +€54,000 | +22.6% |
| Operating profit (loss) | 9901 | €222,650 | €273,976 | +€51,326 | +23.1% |
| Financial income | 75/76B | €6,835 | €9,382 | +€2,548 | +37.3% |
| Recurring financial income | 75 | €6,835 | €9,382 | +€2,548 | +37.3% |
| Financial charges | 65/66B | €170 | €366 | +€195 | +115% |
| Recurring financial charges | 65 | €170 | €366 | +€195 | +115% |
| Profit (loss) for the period before taxes | 9903 | €229,315 | €282,993 | +€53,678 | +23.4% |
| Income taxes | 67/77 | €68,242 | €86,821 | +€18,579 | +27.2% |
| Profit (loss) for the period | 9904 | €161,072 | €196,172 | +€35,099 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €161,072 | €196,172 | +€35,099 | +21.8% |
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 22 October 2026 via checked.be.