WITBLAD: what changed
WITBLAD
Largest movements
- Current investments +€50,790
up €50,790 (+249%), from €20,397 to €71,187
- Tangible fixed assets +€27,232
up €27,232 (+77.9%), from €34,969 to €62,201
of which Furniture and vehicles: +€24,655
- Cash +€5,947
up €5,947 (+2.8%), from €213,383 to €219,330
mainly Net result for the year (+€96,073) and Other debts (+€14,451)
- Receivables within one year +€4,146
up €4,146 (+14.5%), from €28,583 to €32,729
of which Trade receivables: +€8,252
- Reserves +€79,068
up €79,068 (+38.6%), from €204,707 to €283,776
- Other debts +€14,451
up €14,451 (+39.8%), from €36,316 to €50,767
- Debts after one year -€10,399
down €10,399 (-56.3%), from €18,480 to €8,081
- Tax, wage and social debts +€10,204
up €10,204 (+41.8%), from €24,422 to €34,626
of which Remuneration and social security: +€8,301
- Gross operating margin +€69,510
up €69,510 (+46.6%), from €149,315 to €218,826
- Staff costs +€24,175
up €24,175 (+59.4%), from €40,684 to €64,859
- Taxes +€14,197
up €14,197 (+54.7%), from €25,964 to €40,161
- Depreciation +€3,265
up €3,265 (+29.9%), from €10,916 to €14,181
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €306,318 | €399,442 | +€93,124 | +30.4% |
| Fixed assets | 21/28 | €37,819 | €68,083 | +€30,264 | +80.0% |
| Intangible fixed assets | 21 | - | €3,032 | +€3,032 | |
| Tangible fixed assets | 22/27 | €34,969 | €62,201 | +€27,232 | +77.9% |
| Furniture and vehicles | 24 | €34,969 | €59,624 | +€24,655 | +70.5% |
| Other tangible fixed assets | 26 | - | €2,577 | +€2,577 | |
| Financial fixed assets | 28 | €2,850 | €2,850 | = | 0.0% |
| Current assets | 29/58 | €268,499 | €331,359 | +€62,860 | +23.4% |
| Amounts receivable within one year | 40/41 | €28,583 | €32,729 | +€4,146 | +14.5% |
| Trade receivables | 40 | €24,079 | €32,331 | +€8,252 | +34.3% |
| Other amounts receivable | 41 | €4,504 | €397 | -€4,106 | -91.2% |
| Current investments | 50/53 | €20,397 | €71,187 | +€50,790 | +249% |
| Cash at bank and in hand | 54/58 | €213,383 | €219,330 | +€5,947 | +2.8% |
| Deferred charges and accrued income | 490/1 | €6,136 | €8,113 | +€1,977 | +32.2% |
| Total equity and liabilities | 10/49 | €306,318 | €399,442 | +€93,124 | +30.4% |
| Equity | 10/15 | €214,707 | €293,776 | +€79,068 | +36.8% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €204,707 | €283,776 | +€79,068 | +38.6% |
| Distributable reserves | 133 | €204,707 | €283,776 | +€79,068 | +38.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €91,611 | €105,666 | +€14,055 | +15.3% |
| Amounts payable after more than one year | 17 | €18,480 | €8,081 | -€10,399 | -56.3% |
| Financial debts | 170/4 | €18,480 | €8,081 | -€10,399 | -56.3% |
| Amounts payable within one year | 42/48 | €73,131 | €95,949 | +€22,818 | +31.2% |
| Current portion of amounts payable after more than one year | 42 | €9,985 | €10,399 | +€414 | +4.1% |
| Trade debts | 44 | €2,409 | €158 | -€2,252 | -93.5% |
| Suppliers | 440/4 | €2,409 | €158 | -€2,252 | -93.5% |
| Taxes, remuneration and social security | 45 | €24,422 | €34,626 | +€10,204 | +41.8% |
| Taxes | 450/3 | €18,050 | €19,953 | +€1,904 | +10.5% |
| Remuneration and social security | 454/9 | €6,372 | €14,673 | +€8,301 | +130% |
| Other amounts payable | 47/48 | €36,316 | €50,767 | +€14,451 | +39.8% |
| Accrued charges and deferred income | 492/3 | €0 | €1,636 | +€1,636 | |
| Remuneration, social security and pensions | 62 | €40,684 | €64,859 | +€24,175 | +59.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,916 | €14,181 | +€3,265 | +29.9% |
| Other operating charges | 640/8 | €1,866 | €1,858 | -€8 | -0.4% |
| Gross operating margin | 9900 | €149,315 | €218,826 | +€69,510 | +46.6% |
| Operating profit (loss) | 9901 | €95,850 | €137,928 | +€42,078 | +43.9% |
| Financial income | 75/76B | €635 | €1,820 | +€1,185 | +187% |
| Recurring financial income | 75 | €635 | €1,820 | +€1,185 | +187% |
| Financial charges | 65/66B | €2,737 | €3,514 | +€777 | +28.4% |
| Recurring financial charges | 65 | €2,737 | €3,514 | +€777 | +28.4% |
| Profit (loss) for the period before taxes | 9903 | €93,748 | €136,234 | +€42,486 | +45.3% |
| Income taxes | 67/77 | €25,964 | €40,161 | +€14,197 | +54.7% |
| Profit (loss) for the period | 9904 | €67,784 | €96,073 | +€28,289 | +41.7% |
| Profit (loss) for the period to be appropriated | 9905 | €67,784 | €96,073 | +€28,289 | +41.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.