WIM CARDOEN: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
WIM CARDOEN
Largest movements
- Receivables within one year +€6,050
new in 2025: €6,050
- Cash -€4,112
down €4,112 (-35.1%), from €11,726 to €7,614
mainly Debts after one year (-€20,401) and Receivables within one year (-€6,050)
- Debts after one year -€20,401
down €20,401 (-47.5%), from €42,962 to €22,561
- Reserves +€19,271
up €19,271 (+25.0%), from €77,224 to €96,495
of which Distributable reserves: +€19,271
- Taxes +€4,843
up €4,843 (+237%), from €2,042 to €6,885
- Financial charges -€1,334
down €1,334 (-66.9%), from €1,994 to €660
- Other operating charges -€371
down €371 (-37.7%), from €984 to €613
- Gross operating margin +€331
up €331 (+1.2%), from €27,097 to €27,428
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 | €341,726 | €343,664 | +€1,938 | +0.6% |
| Fixed assets | 21/28 | €330,000 | €330,000 | = | 0.0% |
| Financial fixed assets | 28 | €330,000 | €330,000 | = | 0.0% |
| Current assets | 29/58 | €11,726 | €13,664 | +€1,938 | +16.5% |
| Amounts receivable within one year | 40/41 | - | €6,050 | +€6,050 | |
| Trade receivables | 40 | - | €6,050 | +€6,050 | |
| Cash at bank and in hand | 54/58 | €11,726 | €7,614 | -€4,112 | -35.1% |
| Total equity and liabilities | 10/49 | €341,726 | €343,664 | +€1,938 | +0.6% |
| Equity | 10/15 | €82,224 | €101,495 | +€19,271 | +23.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €77,224 | €96,495 | +€19,271 | +25.0% |
| Non-distributable reserves | 130/1 | €500 | €500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €500 | €500 | = | 0.0% |
| Distributable reserves | 133 | €76,724 | €95,995 | +€19,271 | +25.1% |
| Amounts payable | 17/49 | €259,502 | €242,169 | -€17,333 | -6.7% |
| Amounts payable after more than one year | 17 | €42,962 | €22,561 | -€20,401 | -47.5% |
| Financial debts | 170/4 | €42,962 | €22,561 | -€20,401 | -47.5% |
| Amounts payable within one year | 42/48 | €216,540 | €219,608 | +€3,068 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €19,978 | €20,190 | +€212 | +1.1% |
| Trade debts | 44 | €243 | €369 | +€126 | +51.9% |
| Suppliers | 440/4 | €243 | €369 | +€126 | +51.9% |
| Taxes, remuneration and social security | 45 | €2,986 | €5,716 | +€2,730 | +91.4% |
| Taxes | 450/3 | €2,986 | €3,132 | +€146 | +4.9% |
| Remuneration and social security | 454/9 | - | €2,584 | +€2,584 | |
| Other amounts payable | 47/48 | €193,333 | €193,333 | = | 0.0% |
| Other operating charges | 640/8 | €984 | €613 | -€371 | -37.7% |
| Gross operating margin | 9900 | €27,097 | €27,428 | +€331 | +1.2% |
| Operating profit (loss) | 9901 | €26,113 | €26,815 | +€702 | +2.7% |
| Financial income | 75/76B | - | €1 | +€1 | |
| Recurring financial income | 75 | - | €1 | +€1 | |
| Financial charges | 65/66B | €1,994 | €660 | -€1,334 | -66.9% |
| Recurring financial charges | 65 | €1,994 | €660 | -€1,334 | -66.9% |
| Profit (loss) for the period before taxes | 9903 | €24,119 | €26,156 | +€2,037 | +8.4% |
| Income taxes | 67/77 | €2,042 | €6,885 | +€4,843 | +237% |
| Profit (loss) for the period | 9904 | €22,077 | €19,271 | -€2,806 | -12.7% |
| Profit (loss) for the period to be appropriated | 9905 | €22,077 | €19,271 | -€2,806 | -12.7% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.