WIM DANEELS: 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 DANEELS
Largest movements
- Cash -€3,713
down €3,713 (-26.3%), from €14,130 to €10,416
mainly Receivables within one year (-€3,364) and Investment in fixed assets (net) (-€2,140)
- Receivables within one year +€3,364
up €3,364 (+98.9%), from €3,400 to €6,764
of which Trade receivables: +€3,364
- Deferred charges and accrued income +€550
new in 2025: €550
- Other debts +€1,195
up €1,195 (+27.5%), from €4,344 to €5,538
- Reserves -€906
down €906 (-11.3%), from €7,980 to €7,075
of which Non-distributable reserves: -€1,859
- Gross operating margin -€4,952
down €4,952 (-58.7%), from €8,440 to €3,488
- Taxes -€1,470
down €1,470 (-72.8%), from €2,021 to €550
- Depreciation -€315
down €315 (-12.8%), from €2,467 to €2,152
- Financial charges -€219
down €219 (-99.4%), from €220 to €1
- Other operating charges +€99
up €99 (+23.0%), from €429 to €527
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 | €24,008 | €24,196 | +€189 | +0.8% |
| Fixed assets | 21/28 | €6,478 | €6,465 | -€13 | -0.2% |
| Tangible fixed assets | 22/27 | €6,478 | €6,465 | -€13 | -0.2% |
| Plant, machinery and equipment | 23 | €6,478 | €5,229 | -€1,249 | -19.3% |
| Furniture and vehicles | 24 | €0 | €1,237 | +€1,237 | |
| Current assets | 29/58 | €17,530 | €17,731 | +€201 | +1.1% |
| Amounts receivable within one year | 40/41 | €3,400 | €6,764 | +€3,364 | +98.9% |
| Trade receivables | 40 | €3,400 | €6,764 | +€3,364 | +98.9% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €14,130 | €10,416 | -€3,713 | -26.3% |
| Deferred charges and accrued income | 490/1 | - | €550 | +€550 | |
| Total equity and liabilities | 10/49 | €24,008 | €24,196 | +€189 | +0.8% |
| Equity | 10/15 | €14,178 | €13,272 | -€906 | -6.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €7,980 | €7,075 | -€906 | -11.3% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Distributable reserves | 133 | €6,121 | €7,075 | +€954 | +15.6% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €9,830 | €10,924 | +€1,094 | +11.1% |
| Amounts payable within one year | 42/48 | €9,830 | €10,924 | +€1,094 | +11.1% |
| Trade debts | 44 | €1,297 | €1,147 | -€149 | -11.5% |
| Suppliers | 440/4 | €1,297 | €1,147 | -€149 | -11.5% |
| Taxes, remuneration and social security | 45 | €4,190 | €4,239 | +€49 | +1.2% |
| Taxes | 450/3 | €4,190 | €4,239 | +€49 | +1.2% |
| Other amounts payable | 47/48 | €4,344 | €5,538 | +€1,195 | +27.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,467 | €2,152 | -€315 | -12.8% |
| Other operating charges | 640/8 | €429 | €527 | +€99 | +23.0% |
| Gross operating margin | 9900 | €8,440 | €3,488 | -€4,952 | -58.7% |
| Operating profit (loss) | 9901 | €5,543 | €808 | -€4,736 | -85.4% |
| Financial income | 75/76B | €0 | €8 | +€8 | |
| Recurring financial income | 75 | €0 | €8 | +€8 | |
| Financial charges | 65/66B | €220 | €1 | -€219 | -99.4% |
| Recurring financial charges | 65 | €220 | €1 | -€219 | -99.4% |
| Profit (loss) for the period before taxes | 9903 | €5,323 | €814 | -€4,509 | -84.7% |
| Income taxes | 67/77 | €2,021 | €550 | -€1,470 | -72.8% |
| Profit (loss) for the period | 9904 | €3,302 | €264 | -€3,038 | -92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,302 | €264 | -€3,038 | -92.0% |
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 23 October 2026 via checked.be.