WIM BAECK: 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 BAECK
Largest movements
- Cash -€32,243
down €32,243 (-62.6%), from €51,511 to €19,269
mainly Contributions, distributions and other (-€31,000) and Investment in fixed assets (net) (-€10,610)
- Receivables within one year -€9,929
down €9,929 (-8.7%), from €113,673 to €103,743
of which Trade receivables: -€15,195
- Deferred charges and accrued income +€4,905
up €4,905 (+108%), from €4,534 to €9,439
- Tangible fixed assets -€3,059
down €3,059 (-3.2%), from €96,034 to €92,975
of which Furniture and vehicles: -€4,883
- Reserves -€23,285
down €23,285 (-13.3%), from €174,460 to €151,175
- Tax, wage and social debts -€9,758
down €9,758 (-98.7%), from €9,885 to €127
- Debts after one year -€6,537
down €6,537 (-12.3%), from €53,040 to €46,504
- Gross operating margin -€55,809
down €55,809 (-68.9%), from €80,945 to €25,136
- Taxes -€11,968
down €11,968 (-97.7%), from €12,249 to €281
- Depreciation +€3,061
up €3,061 (+28.9%), from €10,608 to €13,669
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 | €305,349 | €265,952 | -€39,396 | -12.9% |
| Fixed assets | 21/28 | €96,034 | €92,975 | -€3,059 | -3.2% |
| Tangible fixed assets | 22/27 | €96,034 | €92,975 | -€3,059 | -3.2% |
| Plant, machinery and equipment | 23 | €1,223 | €5,201 | +€3,978 | +325% |
| Furniture and vehicles | 24 | €28,443 | €23,560 | -€4,883 | -17.2% |
| Leasing and similar rights | 25 | €335 | - | -€335 | |
| Other tangible fixed assets | 26 | €66,033 | €64,214 | -€1,819 | -2.8% |
| Current assets | 29/58 | €209,315 | €172,978 | -€36,337 | -17.4% |
| Stocks and contracts in progress | 3 | €39,597 | €40,526 | +€930 | +2.3% |
| Stocks | 30/36 | €39,597 | €40,526 | +€930 | +2.3% |
| Amounts receivable within one year | 40/41 | €113,673 | €103,743 | -€9,929 | -8.7% |
| Trade receivables | 40 | €104,280 | €89,085 | -€15,195 | -14.6% |
| Other amounts receivable | 41 | €9,393 | €14,659 | +€5,266 | +56.1% |
| Cash at bank and in hand | 54/58 | €51,511 | €19,269 | -€32,243 | -62.6% |
| Deferred charges and accrued income | 490/1 | €4,534 | €9,439 | +€4,905 | +108% |
| Total equity and liabilities | 10/49 | €305,349 | €265,952 | -€39,396 | -12.9% |
| Equity | 10/15 | €193,060 | €169,775 | -€23,285 | -12.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €174,460 | €151,175 | -€23,285 | -13.3% |
| Distributable reserves | 133 | €174,460 | €151,175 | -€23,285 | -13.3% |
| Amounts payable | 17/49 | €112,289 | €96,178 | -€16,111 | -14.3% |
| Amounts payable after more than one year | 17 | €53,040 | €46,504 | -€6,537 | -12.3% |
| Financial debts | 170/4 | €53,040 | €46,504 | -€6,537 | -12.3% |
| Amounts payable within one year | 42/48 | €59,249 | €49,674 | -€9,574 | -16.2% |
| Current portion of amounts payable after more than one year | 42 | €6,406 | €7,074 | +€668 | +10.4% |
| Trade debts | 44 | €10,958 | €10,108 | -€850 | -7.8% |
| Suppliers | 440/4 | €10,958 | €10,108 | -€850 | -7.8% |
| Taxes, remuneration and social security | 45 | €9,885 | €127 | -€9,758 | -98.7% |
| Taxes | 450/3 | €9,885 | €127 | -€9,758 | -98.7% |
| Other amounts payable | 47/48 | €32,000 | €32,366 | +€366 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,608 | €13,669 | +€3,061 | +28.9% |
| Other operating charges | 640/8 | €1,367 | €1,372 | +€6 | +0.4% |
| Gross operating margin | 9900 | €80,945 | €25,136 | -€55,809 | -68.9% |
| Operating profit (loss) | 9901 | €68,971 | €10,095 | -€58,876 | -85.4% |
| Financial income | 75/76B | €2 | €82 | +€80 | +3,631% |
| Recurring financial income | 75 | €2 | €82 | +€80 | +3,631% |
| Financial charges | 65/66B | €1,732 | €2,182 | +€450 | +26.0% |
| Recurring financial charges | 65 | €1,732 | €2,182 | +€450 | +26.0% |
| Profit (loss) for the period before taxes | 9903 | €67,241 | €7,996 | -€59,245 | -88.1% |
| Income taxes | 67/77 | €12,249 | €281 | -€11,968 | -97.7% |
| Profit (loss) for the period | 9904 | €54,992 | €7,715 | -€47,277 | -86.0% |
| Profit (loss) for the period to be appropriated | 9905 | €54,992 | €7,715 | -€47,277 | -86.0% |
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 28 October 2026 via checked.be.