Wit Paard: 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.
What changed
Wit Paard
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€13,167
2024 · -€11,350-€1,817
Equity
€138,254
2024 · €151,421-€13,167
Cash
€902
2024 · €1,415-€512
Balance sheet total
€656,299
2024 · €684,422-€28,123
Largest movements
Assets
- Tangible fixed assets -€27,640
down €27,640 (-4.1%), from €682,082 to €654,441
Equity and liabilities
- Debts after one year -€14,032
down €14,032 (-6.2%), from €227,657 to €213,625
- Reserves -€13,913
down €13,913 (-8.4%), from €165,659 to €151,746
of which Tax-exempt reserves: -€13,913
Income statement
- Gross operating margin -€1,138
down €1,138 (-5.7%), from €19,920 to €18,782
- Other operating charges +€1,011
up €1,011 (+147%), from €687 to €1,698
- Financial charges -€212
down €212 (-5.2%), from €4,042 to €3,830
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.
Result 2024
-€11,350
Gross operating margin
-€1,138
Depreciation
-€171
Other operating charges
-€1,011
Financial income
-€0
Financial charges
+€212
Deferred taxes and other
+€291
Result 2025
-€13,167
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€16,724
Investment
-€3,418
Financing
-€13,818
Cash 2024
€1,415
From operations (derived)
+€16,724
Net result for the year
-€13,167
Depreciation
+€31,058
Deferred charges and accrued income
-€29
Provisions
-€4,638
Trade debts
+€1,949
Advances received
+€1,000
Other debts
+€550
Investment (derived)
-€3,418
Investment in fixed assets (net)
-€3,418
Financing
-€13,818
Debts after one year
-€14,032
Current portion of long-term debt
+€213
Cash 2025
€902
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €684,422 | €656,299 | -€28,123 | -4.1% |
| Fixed assets | 21/28 | €682,082 | €654,441 | -€27,640 | -4.1% |
| Tangible fixed assets | 22/27 | €682,082 | €654,441 | -€27,640 | -4.1% |
| Land and buildings | 22 | €682,082 | €654,441 | -€27,640 | -4.1% |
| Current assets | 29/58 | €2,340 | €1,857 | -€483 | -20.6% |
| Cash at bank and in hand | 54/58 | €1,415 | €902 | -€512 | -36.2% |
| Deferred charges and accrued income | 490/1 | €926 | €955 | +€29 | +3.2% |
| Total equity and liabilities | 10/49 | €684,422 | €656,299 | -€28,123 | -4.1% |
| Equity | 10/15 | €151,421 | €138,254 | -€13,167 | -8.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €165,659 | €151,746 | -€13,913 | -8.4% |
| Non-distributable reserves | 130/1 | €1,859 | €0 | -€1,859 | -100% |
| Reserves not available under the articles | 1311 | €1,859 | €0 | -€1,859 | -100% |
| Tax-exempt reserves | 132 | €160,295 | €146,383 | -€13,913 | -8.7% |
| Distributable reserves | 133 | €3,505 | €5,364 | +€1,859 | +53.1% |
| Profit (loss) carried forward | 14 | -€32,830 | -€32,084 | +€746 | +2.3% |
| Provisions and deferred taxes | 16 | €52,678 | €48,040 | -€4,638 | -8.8% |
| Deferred taxes | 168 | €52,678 | €48,040 | -€4,638 | -8.8% |
| Amounts payable | 17/49 | €480,324 | €470,004 | -€10,319 | -2.1% |
| Amounts payable after more than one year | 17 | €227,657 | €213,625 | -€14,032 | -6.2% |
| Financial debts | 170/4 | €227,657 | €213,625 | -€14,032 | -6.2% |
| Amounts payable within one year | 42/48 | €251,466 | €255,179 | +€3,713 | +1.5% |
| Current portion of amounts payable after more than one year | 42 | €13,818 | €14,032 | +€213 | +1.5% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €2,148 | €4,097 | +€1,949 | +90.8% |
| Suppliers | 440/4 | €2,148 | €4,097 | +€1,949 | +90.8% |
| Advances received on contracts in progress | 46 | - | €1,000 | +€1,000 | |
| Other amounts payable | 47/48 | €235,500 | €236,050 | +€550 | +0.2% |
| Accrued charges and deferred income | 492/3 | €1,200 | €1,200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,888 | €31,058 | +€171 | +0.6% |
| Other operating charges | 640/8 | €687 | €1,698 | +€1,011 | +147% |
| Gross operating margin | 9900 | €19,920 | €18,782 | -€1,138 | -5.7% |
| Operating profit (loss) | 9901 | -€11,654 | -€13,974 | -€2,320 | -19.9% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €4,042 | €3,830 | -€212 | -5.2% |
| Recurring financial charges | 65 | €4,042 | €3,830 | -€212 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | -€15,696 | -€17,804 | -€2,108 | -13.4% |
| Transfer from deferred taxes | 780 | €4,347 | €4,638 | +€291 | +6.7% |
| Profit (loss) for the period | 9904 | -€11,350 | -€13,167 | -€1,817 | -16.0% |
| Transfer from tax-exempt reserves | 789 | €13,040 | €13,913 | +€873 | +6.7% |
| Profit (loss) for the period to be appropriated | 9905 | €1,690 | €746 | -€944 | -55.9% |
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 13 October 2026 via checked.be.