Wim Pues: 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 Pues
Largest movements
- Receivables within one year -€77,892
down €77,892 (-66.8%), from €116,552 to €38,660
of which Trade receivables: -€74,246
- Cash +€31,953
up €31,953 (+113%), from €28,335 to €60,288
mainly Receivables within one year (+€77,892) and Net result for the year (+€27,247)
- Stocks and contracts +€22,153
up €22,153 (+19.4%), from €114,392 to €136,546
- Tangible fixed assets -€8,317
down €8,317 (-5.8%), from €143,728 to €135,412
of which Furniture and vehicles: -€7,186
- Trade debts -€41,227
down €41,227 (-41.8%), from €98,725 to €57,497
- Reserves +€27,247
up €27,247 (+28.8%), from €94,669 to €121,916
- Debts after one year -€8,135
down €8,135 (-6.0%), from €136,643 to €128,508
of which Financial debts: -€11,070
- Advances received -€6,549
down €6,549 (-25.3%), from €25,860 to €19,311
- Financial income -€23,604
down €23,604 (-99.9%), from €23,637 to €33
- Gross operating margin +€19,535
up €19,535 (+44.2%), from €44,152 to €63,687
- Taxes -€2,080
down €2,080 (-13.4%), from €15,552 to €13,472
- Depreciation +€1,258
up €1,258 (+7.2%), from €17,374 to €18,632
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 | €404,134 | €371,312 | -€32,823 | -8.1% |
| Fixed assets | 21/28 | €143,728 | €135,412 | -€8,317 | -5.8% |
| Tangible fixed assets | 22/27 | €143,728 | €135,412 | -€8,317 | -5.8% |
| Land and buildings | 22 | €132,031 | €127,011 | -€5,020 | -3.8% |
| Plant, machinery and equipment | 23 | €567 | €4,458 | +€3,890 | +686% |
| Furniture and vehicles | 24 | €11,129 | €3,943 | -€7,186 | -64.6% |
| Current assets | 29/58 | €260,406 | €235,900 | -€24,506 | -9.4% |
| Stocks and contracts in progress | 3 | €114,392 | €136,546 | +€22,153 | +19.4% |
| Stocks | 30/36 | €114,392 | €136,546 | +€22,153 | +19.4% |
| Amounts receivable within one year | 40/41 | €116,552 | €38,660 | -€77,892 | -66.8% |
| Trade receivables | 40 | €109,417 | €35,171 | -€74,246 | -67.9% |
| Other amounts receivable | 41 | €7,135 | €3,489 | -€3,646 | -51.1% |
| Cash at bank and in hand | 54/58 | €28,335 | €60,288 | +€31,953 | +113% |
| Deferred charges and accrued income | 490/1 | €1,127 | €406 | -€720 | -63.9% |
| Total equity and liabilities | 10/49 | €404,134 | €371,312 | -€32,823 | -8.1% |
| Equity | 10/15 | €113,269 | €140,516 | +€27,247 | +24.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €94,669 | €121,916 | +€27,247 | +28.8% |
| Distributable reserves | 133 | €94,669 | €121,916 | +€27,247 | +28.8% |
| Amounts payable | 17/49 | €290,866 | €230,796 | -€60,069 | -20.7% |
| Amounts payable after more than one year | 17 | €136,643 | €128,508 | -€8,135 | -6.0% |
| Financial debts | 170/4 | €114,882 | €103,811 | -€11,070 | -9.6% |
| Other amounts payable | 178/9 | €21,761 | €24,697 | +€2,936 | +13.5% |
| Amounts payable within one year | 42/48 | €154,223 | €102,262 | -€51,960 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €11,915 | €11,070 | -€845 | -7.1% |
| Trade debts | 44 | €98,725 | €57,497 | -€41,227 | -41.8% |
| Suppliers | 440/4 | €98,725 | €57,497 | -€41,227 | -41.8% |
| Advances received on contracts in progress | 46 | €25,860 | €19,311 | -€6,549 | -25.3% |
| Taxes, remuneration and social security | 45 | €17,722 | €14,069 | -€3,653 | -20.6% |
| Taxes | 450/3 | €17,722 | €14,069 | -€3,653 | -20.6% |
| Other amounts payable | 47/48 | - | €314 | +€314 | |
| Accrued charges and deferred income | 492/3 | - | €26 | +€26 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,374 | €18,632 | +€1,258 | +7.2% |
| Other operating charges | 640/8 | €2,341 | €1,950 | -€391 | -16.7% |
| Gross operating margin | 9900 | €44,152 | €63,687 | +€19,535 | +44.2% |
| Operating profit (loss) | 9901 | €24,437 | €43,105 | +€18,668 | +76.4% |
| Financial income | 75/76B | €23,637 | €33 | -€23,604 | -99.9% |
| Recurring financial income | 75 | €23,637 | €33 | -€23,604 | -99.9% |
| Financial charges | 65/66B | €2,542 | €2,419 | -€122 | -4.8% |
| Recurring financial charges | 65 | €2,542 | €2,419 | -€122 | -4.8% |
| Profit (loss) for the period before taxes | 9903 | €45,533 | €40,719 | -€4,814 | -10.6% |
| Income taxes | 67/77 | €15,552 | €13,472 | -€2,080 | -13.4% |
| Profit (loss) for the period | 9904 | €29,981 | €27,247 | -€2,734 | -9.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,981 | €27,247 | -€2,734 | -9.1% |
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 31 October 2026 via checked.be.