Wim Bothuyne: what changed
Wim Bothuyne
Largest movements
- Cash -€119,583
down €119,583 (-84.9%), from €140,929 to €21,345
mainly Contributions, distributions and other (-€180,000) and Current investments (-€71,385)
- Current investments +€71,385
up €71,385 (+197%), from €36,322 to €107,707
- Receivables within one year -€17,871
down €17,871 (-35.8%), from €49,974 to €32,103
of which Trade receivables: -€18,600
- Tangible fixed assets -€12,706
down €12,706 (-93.0%), from €13,663 to €957
- Profit (loss) carried forward -€73,933
down €73,933 (-40.5%), from €182,598 to €108,664
- Tax, wage and social debts -€5,060
down €5,060 (-9.8%), from €51,742 to €46,683
- Gross operating margin +€1,830
up €1,830 (+1.2%), from €147,031 to €148,861
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €242,755 | €164,088 | -€78,667 | -32.4% |
| Fixed assets | 21/28 | €13,663 | €957 | -€12,706 | -93.0% |
| Tangible fixed assets | 22/27 | €13,663 | €957 | -€12,706 | -93.0% |
| Furniture and vehicles | 24 | €13,663 | €957 | -€12,706 | -93.0% |
| Current assets | 29/58 | €229,092 | €163,132 | -€65,960 | -28.8% |
| Amounts receivable within one year | 40/41 | €49,974 | €32,103 | -€17,871 | -35.8% |
| Trade receivables | 40 | €47,918 | €29,318 | -€18,600 | -38.8% |
| Other amounts receivable | 41 | €2,056 | €2,785 | +€729 | +35.5% |
| Current investments | 50/53 | €36,322 | €107,707 | +€71,385 | +197% |
| Cash at bank and in hand | 54/58 | €140,929 | €21,345 | -€119,583 | -84.9% |
| Deferred charges and accrued income | 490/1 | €1,867 | €1,977 | +€110 | +5.9% |
| Total equity and liabilities | 10/49 | €242,755 | €164,088 | -€78,667 | -32.4% |
| Equity | 10/15 | €187,598 | €113,664 | -€73,933 | -39.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €182,598 | €108,664 | -€73,933 | -40.5% |
| Amounts payable | 17/49 | €55,157 | €50,424 | -€4,733 | -8.6% |
| Amounts payable within one year | 42/48 | €55,157 | €50,424 | -€4,733 | -8.6% |
| Trade debts | 44 | €3,415 | €3,742 | +€326 | +9.6% |
| Suppliers | 440/4 | €3,415 | €3,742 | +€326 | +9.6% |
| Taxes, remuneration and social security | 45 | €51,742 | €46,683 | -€5,060 | -9.8% |
| Taxes | 450/3 | €51,742 | €46,683 | -€5,060 | -9.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,248 | €13,851 | -€1,397 | -9.2% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €244 | €273 | +€29 | +11.8% |
| Gross operating margin | 9900 | €147,031 | €148,861 | +€1,830 | +1.2% |
| Operating profit (loss) | 9901 | €131,539 | €134,737 | +€3,198 | +2.4% |
| Financial income | 75/76B | €1,527 | €568 | -€960 | -62.8% |
| Recurring financial income | 75 | €1,527 | €568 | -€960 | -62.8% |
| Financial charges | 65/66B | €224 | €155 | -€69 | -30.8% |
| Recurring financial charges | 65 | €224 | €155 | -€69 | -30.8% |
| Profit (loss) for the period before taxes | 9903 | €132,843 | €135,149 | +€2,307 | +1.7% |
| Income taxes | 67/77 | €28,543 | €29,083 | +€540 | +1.9% |
| Profit (loss) for the period | 9904 | €104,300 | €106,067 | +€1,767 | +1.7% |
| Profit (loss) for the period to be appropriated | 9905 | €104,300 | €106,067 | +€1,767 | +1.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.