WIM DE MAREZ: what changed
What changed
WIM DE MAREZ
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€4.9m
2024 · €935,167+€4.0m
Equity
€6.8m
2024 · €5.8m+€977,437
Cash
€1.5m
2024 · €165,214+€1.4m
Balance sheet total
€9.0m
2024 · €7.4m+€1.6m
Largest movements
Assets
- Cash +€1.4m
up €1.4m (+838%), from €165,214 to €1.5m
mainly Net result for the year (+€4.9m) and Other debts (+€596,157)
- Receivables within one year +€229,588
up €229,588 (+14.1%), from €1.6m to €1.9m
of which Trade receivables: +€185,833
Equity and liabilities
- Profit (loss) carried forward +€3.0m
up €3.0m (+432%), from €705,484 to €3.8m
- Reserves -€1.1m
down €1.1m (-27.0%), from €4.1m to €3.0m
of which Distributable reserves: -€1.0m
- Contributions -€946,461
down €946,461 (-99.8%), from €948,600 to €2,139
- Other debts +€596,157
up €596,157 (+147%), from €404,302 to €1.0m
- Tax, wage and social debts +€223,617
up €223,617 (+519%), from €43,123 to €266,740
Income statement
- Financial income +€3.8m
new in 2025: €3.8m
of which Non-recurring financial income: +€3.8m
- Gross operating margin +€282,768
up €282,768 (+17.8%), from €1.6m to €1.9m
- Taxes +€113,124
up €113,124 (+25.3%), from €446,606 to €559,730
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.
Result 2024
€935,167
Gross operating margin
+€282,768
Depreciation
+€16,949
Other operating charges
-€254
Financial income
+€3.8m
Financial charges
+€6,079
Taxes
-€113,124
Result 2025
€4.9m
raises the resultlowers the result
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.
From operations
+€5.6m
Investment
-€112,037
Financing
-€4.1m
Cash 2024
€165,214
From operations (derived)
+€5.6m
Net result for the year
+€4.9m
Depreciation
+€127,499
Receivables within one year
-€229,588
Trade debts
-€12,571
Tax, wage and social debts
+€223,617
Other debts
+€596,157
Investment (derived)
-€112,037
Investment in fixed assets (net)
-€112,037
Financing
-€4.1m
Debts after one year
-€186,200
Contributions, distributions and other
-€3.9m
Cash 2025
€1.5m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,374,673 | €8,973,113 | +€1.6m | +21.7% |
| Fixed assets | 21/28 | €5,585,581 | €5,570,119 | -€15,462 | -0.3% |
| Tangible fixed assets | 22/27 | €3,481,475 | €3,473,513 | -€7,962 | -0.2% |
| Land and buildings | 22 | €3,415,162 | €3,317,978 | -€97,184 | -2.8% |
| Furniture and vehicles | 24 | €66,312 | €155,535 | +€89,223 | +135% |
| Financial fixed assets | 28 | €2,104,106 | €2,096,606 | -€7,500 | -0.4% |
| Current assets | 29/58 | €1,789,093 | €3,402,995 | +€1.6m | +90.2% |
| Amounts receivable within one year | 40/41 | €1,623,878 | €1,853,466 | +€229,588 | +14.1% |
| Trade receivables | 40 | €38,517 | €224,350 | +€185,833 | +482% |
| Other amounts receivable | 41 | €1,585,361 | €1,629,116 | +€43,755 | +2.8% |
| Cash at bank and in hand | 54/58 | €165,214 | €1,549,528 | +€1.4m | +838% |
| Total equity and liabilities | 10/49 | €7,374,673 | €8,973,113 | +€1.6m | +21.7% |
| Equity | 10/15 | €5,801,944 | €6,779,381 | +€977,437 | +16.8% |
| Contributions | 10/11 | €948,600 | €2,139 | -€946,461 | -99.8% |
| Reserves | 13 | €4,147,860 | €3,026,130 | -€1.1m | -27.0% |
| Non-distributable reserves | 130/1 | €94,860 | €1,295 | -€93,565 | -98.6% |
| Reserves not available under the articles | 1311 | €94,860 | €1,295 | -€93,565 | -98.6% |
| Distributable reserves | 133 | €4,053,000 | €3,024,835 | -€1.0m | -25.4% |
| Profit (loss) carried forward | 14 | €705,484 | €3,751,112 | +€3.0m | +432% |
| Amounts payable | 17/49 | €1,572,729 | €2,193,733 | +€621,003 | +39.5% |
| Amounts payable after more than one year | 17 | €925,700 | €739,500 | -€186,200 | -20.1% |
| Financial debts | 170/4 | €925,700 | €739,500 | -€186,200 | -20.1% |
| Amounts payable within one year | 42/48 | €647,030 | €1,454,233 | +€807,203 | +125% |
| Current portion of amounts payable after more than one year | 42 | €186,200 | €186,200 | = | 0.0% |
| Trade debts | 44 | €13,405 | €834 | -€12,571 | -93.8% |
| Suppliers | 440/4 | €13,405 | €834 | -€12,571 | -93.8% |
| Taxes, remuneration and social security | 45 | €43,123 | €266,740 | +€223,617 | +519% |
| Taxes | 450/3 | €43,123 | €266,740 | +€223,617 | +519% |
| Other amounts payable | 47/48 | €404,302 | €1,000,459 | +€596,157 | +147% |
| Non-recurring operating income | 76A | - | €57,668 | +€57,668 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €144,448 | €127,499 | -€16,949 | -11.7% |
| Other operating charges | 640/8 | €22,116 | €22,370 | +€254 | +1.1% |
| Gross operating margin | 9900 | €1,586,194 | €1,868,962 | +€282,768 | +17.8% |
| Operating profit (loss) | 9901 | €1,419,630 | €1,719,094 | +€299,463 | +21.1% |
| Financial income | 75/76B | - | €3,795,362 | +€3.8m | |
| Recurring financial income | 75 | - | €44,762 | +€44,762 | |
| Non-recurring financial income | 76B | - | €3,750,600 | +€3.8m | |
| Financial charges | 65/66B | €37,857 | €31,779 | -€6,079 | -16.1% |
| Recurring financial charges | 65 | €37,857 | €31,779 | -€6,079 | -16.1% |
| Profit (loss) for the period before taxes | 9903 | €1,381,773 | €5,482,677 | +€4.1m | +297% |
| Income taxes | 67/77 | €446,606 | €559,730 | +€113,124 | +25.3% |
| Profit (loss) for the period | 9904 | €935,167 | €4,922,947 | +€4.0m | +426% |
| Profit (loss) for the period to be appropriated | 9905 | €935,167 | €4,922,947 | +€4.0m | +426% |
Next steps
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Calculation and sources
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 2 November 2026 via checked.be.