WIM CAPPELLE: what changed
WIM CAPPELLE
Largest movements
- Cash +€23,523
up €23,523 (+45.3%), from €51,956 to €75,479
mainly Net result for the year (+€17,761) and Trade debts (+€14,719)
- Stocks and contracts +€4,934
up €4,934 (+12.0%), from €41,115 to €46,049
- Tangible fixed assets -€2,572
down €2,572 (-13.1%), from €19,562 to €16,991
of which Furniture and vehicles: -€2,694
- Trade debts +€14,719
up €14,719 (+265%), from €5,560 to €20,279
- Reserves +€10,941
up €10,941 (+14.5%), from €75,700 to €86,641
- Tax, wage and social debts +€2,300
up €2,300 (+22.0%), from €10,473 to €12,773
- Gross operating margin +€4,162
up €4,162 (+17.3%), from €24,042 to €28,204
- Financial income -€1,306
down €1,306 (-59.2%), from €2,205 to €900
- Financial charges -€1,269
down €1,269 (-57.9%), from €2,193 to €924
- Depreciation +€779
up €779 (+18.8%), from €4,145 to €4,924
- Taxes +€643
up €643 (+14.9%), from €4,323 to €4,967
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 | €126,800 | €153,387 | +€26,586 | +21.0% |
| Fixed assets | 21/28 | €19,562 | €16,991 | -€2,572 | -13.1% |
| Tangible fixed assets | 22/27 | €19,562 | €16,991 | -€2,572 | -13.1% |
| Land and buildings | 22 | - | €2,110 | +€2,110 | |
| Plant, machinery and equipment | 23 | €4,611 | €3,631 | -€980 | -21.2% |
| Furniture and vehicles | 24 | €6,633 | €3,939 | -€2,694 | -40.6% |
| Other tangible fixed assets | 26 | €8,318 | €7,310 | -€1,008 | -12.1% |
| Current assets | 29/58 | €107,238 | €136,396 | +€29,158 | +27.2% |
| Stocks and contracts in progress | 3 | €41,115 | €46,049 | +€4,934 | +12.0% |
| Stocks | 30/36 | €41,115 | €46,049 | +€4,934 | +12.0% |
| Amounts receivable within one year | 40/41 | €12,865 | €14,243 | +€1,378 | +10.7% |
| Trade receivables | 40 | €12,188 | €14,203 | +€2,015 | +16.5% |
| Other amounts receivable | 41 | €677 | €40 | -€637 | -94.1% |
| Cash at bank and in hand | 54/58 | €51,956 | €75,479 | +€23,523 | +45.3% |
| Deferred charges and accrued income | 490/1 | €1,303 | €626 | -€677 | -52.0% |
| Total equity and liabilities | 10/49 | €126,800 | €153,387 | +€26,586 | +21.0% |
| Equity | 10/15 | €95,908 | €106,610 | +€10,702 | +11.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €75,700 | €86,641 | +€10,941 | +14.5% |
| Distributable reserves | 133 | €75,700 | €86,641 | +€10,941 | +14.5% |
| Profit (loss) carried forward | 14 | €1,608 | €1,369 | -€239 | -14.9% |
| Amounts payable | 17/49 | €30,892 | €46,777 | +€15,884 | +51.4% |
| Amounts payable within one year | 42/48 | €29,778 | €45,663 | +€15,884 | +53.3% |
| Trade debts | 44 | €5,560 | €20,279 | +€14,719 | +265% |
| Suppliers | 440/4 | €5,560 | €20,279 | +€14,719 | +265% |
| Taxes, remuneration and social security | 45 | €10,473 | €12,773 | +€2,300 | +22.0% |
| Taxes | 450/3 | €10,473 | €12,773 | +€2,300 | +22.0% |
| Other amounts payable | 47/48 | €13,745 | €12,611 | -€1,134 | -8.3% |
| Accrued charges and deferred income | 492/3 | €1,114 | €1,114 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,145 | €4,924 | +€779 | +18.8% |
| Other operating charges | 640/8 | €513 | €528 | +€14 | +2.8% |
| Gross operating margin | 9900 | €24,042 | €28,204 | +€4,162 | +17.3% |
| Operating profit (loss) | 9901 | €19,383 | €22,752 | +€3,369 | +17.4% |
| Financial income | 75/76B | €2,205 | €900 | -€1,306 | -59.2% |
| Recurring financial income | 75 | €2,205 | €900 | -€1,306 | -59.2% |
| Financial charges | 65/66B | €2,193 | €924 | -€1,269 | -57.9% |
| Recurring financial charges | 65 | €2,193 | €924 | -€1,269 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €19,395 | €22,727 | +€3,332 | +17.2% |
| Income taxes | 67/77 | €4,323 | €4,967 | +€643 | +14.9% |
| Profit (loss) for the period | 9904 | €15,072 | €17,761 | +€2,689 | +17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,072 | €17,761 | +€2,689 | +17.8% |
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 5 November 2026 via checked.be.