WIM DENIS: 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 DENIS
Largest movements
- Cash +€22,826
up €22,826 (+36.2%), from €63,111 to €85,936
mainly Net result for the year (+€25,845) and Receivables within one year (+€17,124)
- Receivables within one year -€17,124
down €17,124 (-41.0%), from €41,815 to €24,691
of which Other amounts receivable: -€16,164
- Tangible fixed assets -€3,368
down €3,368 (-16.4%), from €20,485 to €17,117
of which Other tangible fixed assets: -€2,919
- Reserves -€23,097
down €23,097 (-21.7%), from €106,283 to €83,186
- Other debts +€16,411
up €16,411 (+4,074%), from €403 to €16,814
- Trade debts +€13,027
up €13,027 (+412%), from €3,161 to €16,188
- Current portion of long-term debt -€2,684
down €2,684 (-68.4%), from €3,926 to €1,242
- Gross operating margin +€25,711
up €25,711 (+135%), from €19,112 to €44,823
- Taxes +€8,259
up €8,259 (+254%), from €3,258 to €11,517
- Financial charges +€2,975
up €2,975 (+312%), from €954 to €3,928
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €127,014 | €129,478 | +€2,464 | +1.9% |
| Fixed assets | 21/28 | €20,485 | €17,117 | -€3,368 | -16.4% |
| Tangible fixed assets | 22/27 | €20,485 | €17,117 | -€3,368 | -16.4% |
| Furniture and vehicles | 24 | €1,967 | €1,519 | -€449 | -22.8% |
| Other tangible fixed assets | 26 | €18,517 | €15,598 | -€2,919 | -15.8% |
| Current assets | 29/58 | €106,529 | €112,361 | +€5,832 | +5.5% |
| Amounts receivable within one year | 40/41 | €41,815 | €24,691 | -€17,124 | -41.0% |
| Trade receivables | 40 | €22,327 | €21,367 | -€960 | -4.3% |
| Other amounts receivable | 41 | €19,488 | €3,324 | -€16,164 | -82.9% |
| Cash at bank and in hand | 54/58 | €63,111 | €85,936 | +€22,826 | +36.2% |
| Deferred charges and accrued income | 490/1 | €1,603 | €1,734 | +€131 | +8.2% |
| Total equity and liabilities | 10/49 | €127,014 | €129,478 | +€2,464 | +1.9% |
| Equity | 10/15 | €113,783 | €90,686 | -€23,097 | -20.3% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €106,283 | €83,186 | -€23,097 | -21.7% |
| Distributable reserves | 133 | €106,283 | €83,186 | -€23,097 | -21.7% |
| Amounts payable | 17/49 | €13,230 | €38,792 | +€25,562 | +193% |
| Amounts payable after more than one year | 17 | €1,242 | - | -€1,242 | |
| Financial debts | 170/4 | €1,242 | - | -€1,242 | |
| Amounts payable within one year | 42/48 | €11,989 | €37,993 | +€26,004 | +217% |
| Current portion of amounts payable after more than one year | 42 | €3,926 | €1,242 | -€2,684 | -68.4% |
| Trade debts | 44 | €3,161 | €16,188 | +€13,027 | +412% |
| Suppliers | 440/4 | €3,161 | €16,188 | +€13,027 | +412% |
| Taxes, remuneration and social security | 45 | €4,500 | €3,750 | -€750 | -16.7% |
| Taxes | 450/3 | €4,500 | €3,750 | -€750 | -16.7% |
| Other amounts payable | 47/48 | €403 | €16,814 | +€16,411 | +4,074% |
| Accrued charges and deferred income | 492/3 | - | €799 | +€799 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,617 | €3,368 | -€249 | -6.9% |
| Other operating charges | 640/8 | €2,167 | €2,081 | -€85 | -3.9% |
| Gross operating margin | 9900 | €19,112 | €44,823 | +€25,711 | +135% |
| Operating profit (loss) | 9901 | €13,329 | €39,374 | +€26,045 | +195% |
| Financial income | 75/76B | €1,596 | €1,916 | +€320 | +20.1% |
| Recurring financial income | 75 | €1,596 | €1,916 | +€320 | +20.1% |
| Financial charges | 65/66B | €954 | €3,928 | +€2,975 | +312% |
| Recurring financial charges | 65 | €954 | €3,928 | +€2,975 | +312% |
| Profit (loss) for the period before taxes | 9903 | €13,971 | €37,363 | +€23,391 | +167% |
| Income taxes | 67/77 | €3,258 | €11,517 | +€8,259 | +254% |
| Profit (loss) for the period | 9904 | €10,713 | €25,845 | +€15,132 | +141% |
| Profit (loss) for the period to be appropriated | 9905 | €10,713 | €25,845 | +€15,132 | +141% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.