WIM DENYS: 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 DENYS
Largest movements
- Cash -€32,540
down €32,540 (-85.5%), from €38,043 to €5,503
mainly Other debts (-€37,600) and Tax, wage and social debts (-€13,468)
- Tangible fixed assets -€22,657
down €22,657 (-13.3%), from €170,470 to €147,812
of which Furniture and vehicles: -€12,545
- Receivables within one year -€13,230
down €13,230 (-17.9%), from €74,034 to €60,804
of which Other amounts receivable: -€12,890
- Other debts -€37,600
down €37,600 (-100%), from €37,600 to €0
- Tax, wage and social debts -€13,468
down €13,468 (-71.3%), from €18,895 to €5,428
- Debts after one year -€11,940
down €11,940 (-7.9%), from €150,966 to €139,026
- Trade debts -€4,377
down €4,377 (-26.4%), from €16,548 to €12,172
- Gross operating margin -€4,953
down €4,953 (-12.7%), from €39,035 to €34,082
- Depreciation -€1,416
down €1,416 (-11.6%), from €12,182 to €10,765
- Other operating charges +€1,313
up €1,313 (+25.3%), from €5,187 to €6,499
- Taxes +€873
up €873 (+20.8%), from €4,204 to €5,077
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 | €289,206 | €221,991 | -€67,216 | -23.2% |
| Fixed assets | 21/28 | €173,380 | €150,722 | -€22,657 | -13.1% |
| Tangible fixed assets | 22/27 | €170,470 | €147,812 | -€22,657 | -13.3% |
| Land and buildings | 22 | €157,511 | €147,398 | -€10,112 | -6.4% |
| Furniture and vehicles | 24 | €12,959 | €414 | -€12,545 | -96.8% |
| Financial fixed assets | 28 | €2,910 | €2,910 | = | 0.0% |
| Current assets | 29/58 | €115,827 | €71,268 | -€44,558 | -38.5% |
| Amounts receivable after more than one year | 29 | €2,082 | €2,082 | = | 0.0% |
| Other amounts receivable | 291 | €2,082 | €2,082 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €74,034 | €60,804 | -€13,230 | -17.9% |
| Trade receivables | 40 | €37,877 | €37,537 | -€340 | -0.9% |
| Other amounts receivable | 41 | €36,157 | €23,267 | -€12,890 | -35.7% |
| Cash at bank and in hand | 54/58 | €38,043 | €5,503 | -€32,540 | -85.5% |
| Deferred charges and accrued income | 490/1 | €1,668 | €2,879 | +€1,211 | +72.6% |
| Total equity and liabilities | 10/49 | €289,206 | €221,991 | -€67,216 | -23.2% |
| Equity | 10/15 | €53,556 | €53,425 | -€131 | -0.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,100 | €51,100 | = | 0.0% |
| Distributable reserves | 133 | €51,100 | €51,100 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,456 | €1,325 | -€131 | -9.0% |
| Amounts payable | 17/49 | €235,650 | €168,566 | -€67,084 | -28.5% |
| Amounts payable after more than one year | 17 | €150,966 | €139,026 | -€11,940 | -7.9% |
| Financial debts | 170/4 | €150,966 | €139,026 | -€11,940 | -7.9% |
| Amounts payable within one year | 42/48 | €84,684 | €29,540 | -€55,144 | -65.1% |
| Current portion of amounts payable after more than one year | 42 | €11,640 | €11,940 | +€300 | +2.6% |
| Trade debts | 44 | €16,548 | €12,172 | -€4,377 | -26.4% |
| Suppliers | 440/4 | €16,548 | €12,172 | -€4,377 | -26.4% |
| Taxes, remuneration and social security | 45 | €18,895 | €5,428 | -€13,468 | -71.3% |
| Taxes | 450/3 | €18,895 | €5,428 | -€13,468 | -71.3% |
| Other amounts payable | 47/48 | €37,600 | €0 | -€37,600 | -100% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,182 | €10,765 | -€1,416 | -11.6% |
| Other operating charges | 640/8 | €5,187 | €6,499 | +€1,313 | +25.3% |
| Non-recurring operating charges | 66A | €2,808 | €6,892 | +€4,084 | +145% |
| Gross operating margin | 9900 | €39,035 | €34,082 | -€4,953 | -12.7% |
| Operating profit (loss) | 9901 | €18,859 | €9,926 | -€8,933 | -47.4% |
| Financial income | 75/76B | €2,107 | €2,089 | -€18 | -0.9% |
| Recurring financial income | 75 | €2,107 | €2,089 | -€18 | -0.9% |
| Financial charges | 65/66B | €6,808 | €7,069 | +€261 | +3.8% |
| Recurring financial charges | 65 | €6,808 | €7,069 | +€261 | +3.8% |
| Profit (loss) for the period before taxes | 9903 | €14,158 | €4,946 | -€9,212 | -65.1% |
| Income taxes | 67/77 | €4,204 | €5,077 | +€873 | +20.8% |
| Profit (loss) for the period | 9904 | €9,954 | -€131 | -€10,086 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,954 | -€131 | -€10,086 |
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 19 October 2026 via checked.be.