WITMO: what changed
Two fiscal 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.
WITMO
Largest movements
- Tangible fixed assets -€284,345
down €284,345 (-11.9%), from €2.4m to €2.1m
of which Plant, machinery and equipment: -€317,677
- Cash +€273,938
up €273,938 (+406.8%), from €67,332 to €341,270
mainly Depreciation (+€384,068) and Net result for the year (+€264,911)
- Profit (loss) carried forward +€264,911
up €264,911 (+18.1%), from €1.5m to €1.7m
- Debts after one year -€158,750
down €158,750 (-21.9%), from €724,063 to €565,313
- Current portion of long-term debt -€100,000
down €100,000 (-38.6%), from €258,750 to €158,750
- Trade debts +€60,130
up €60,130 (+57.3%), from €105,021 to €165,151
- Reserves -€50,000
down €50,000 (-15.8%), from €315,732 to €265,732
of which Distributable reserves: -€50,000
- Gross operating margin -€299,511
down €299,511 (-18.5%), from €1.6m to €1.3m
- Depreciation -€162,331
down €162,331 (-29.7%), from €546,399 to €384,068
- Taxes +€79,116
up €79,116 (+2595.3%), from €3,048 to €82,164
- Other operating charges +€51,870
up €51,870 (+359.4%), from €14,431 to €66,301
- Financial charges -€18,104
down €18,104 (-45.9%), from €39,477 to €21,373
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.
Cash bridge derived
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 | €3,222,372 | €3,197,472 | -€24,901 | -0.8% |
| Fixed assets | 21/28 | €2,396,541 | €2,112,196 | -€284,345 | -11.9% |
| Tangible fixed assets | 22/27 | €2,395,032 | €2,110,687 | -€284,345 | -11.9% |
| Land and buildings | 22 | €615,074 | €628,312 | +€13,239 | +2.2% |
| Plant, machinery and equipment | 23 | €1,764,977 | €1,447,300 | -€317,677 | -18.0% |
| Furniture and vehicles | 24 | €14,981 | €35,074 | +€20,093 | +134.1% |
| Financial fixed assets | 28 | €1,509 | €1,509 | = | 0.0% |
| Current assets | 29/58 | €825,831 | €1,085,275 | +€259,445 | +31.4% |
| Stocks and contracts in progress | 3 | €25,175 | €25,175 | = | 0.0% |
| Stocks | 30/36 | €25,175 | €25,175 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €593,737 | €610,032 | +€16,295 | +2.7% |
| Trade receivables | 40 | €514,664 | €474,226 | -€40,438 | -7.9% |
| Other amounts receivable | 41 | €79,073 | €135,806 | +€56,733 | +71.7% |
| Current investments | 50/53 | €107,453 | €107,453 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €67,332 | €341,270 | +€273,938 | +406.8% |
| Deferred charges and accrued income | 490/1 | €32,134 | €1,345 | -€30,788 | -95.8% |
| Total equity and liabilities | 10/49 | €3,222,372 | €3,197,472 | -€24,901 | -0.8% |
| Equity | 10/15 | €2,002,675 | €2,217,587 | +€214,911 | +10.7% |
| Contributions | 10/11 | €224,096 | €224,096 | = | 0.0% |
| Reserves | 13 | €315,732 | €265,732 | -€50,000 | -15.8% |
| Non-distributable reserves | 130/1 | €107,453 | €107,453 | = | 0.0% |
| Own shares acquired | 1312 | €107,453 | €107,453 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,309 | €3,309 | = | 0.0% |
| Distributable reserves | 133 | €204,970 | €154,970 | -€50,000 | -24.4% |
| Profit (loss) carried forward | 14 | €1,462,847 | €1,727,758 | +€264,911 | +18.1% |
| Amounts payable | 17/49 | €1,219,697 | €979,885 | -€239,812 | -19.7% |
| Amounts payable after more than one year | 17 | €724,063 | €565,313 | -€158,750 | -21.9% |
| Financial debts | 170/4 | €724,063 | €565,313 | -€158,750 | -21.9% |
| Amounts payable within one year | 42/48 | €495,635 | €413,703 | -€81,932 | -16.5% |
| Current portion of amounts payable after more than one year | 42 | €258,750 | €158,750 | -€100,000 | -38.6% |
| Trade debts | 44 | €105,021 | €165,151 | +€60,130 | +57.3% |
| Suppliers | 440/4 | €105,021 | €165,151 | +€60,130 | +57.3% |
| Taxes, remuneration and social security | 45 | €125,115 | €80,612 | -€44,503 | -35.6% |
| Taxes | 450/3 | €69,020 | €18,616 | -€50,404 | -73.0% |
| Remuneration and social security | 454/9 | €56,095 | €61,996 | +€5,901 | +10.5% |
| Other amounts payable | 47/48 | €6,749 | €9,190 | +€2,441 | +36.2% |
| Accrued charges and deferred income | 492/3 | - | €870 | +€870 | |
| Non-recurring operating income | 76A | €22,264 | €135,099 | +€112,834 | +506.8% |
| Remuneration, social security and pensions | 62 | €520,276 | €506,502 | -€13,774 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €546,399 | €384,068 | -€162,331 | -29.7% |
| Other operating charges | 640/8 | €14,431 | €66,301 | +€51,870 | +359.4% |
| Gross operating margin | 9900 | €1,619,256 | €1,319,745 | -€299,511 | -18.5% |
| Operating profit (loss) | 9901 | €538,149 | €362,874 | -€175,275 | -32.6% |
| Financial income | 75/76B | €22,398 | €5,574 | -€16,824 | -75.1% |
| Recurring financial income | 75 | €22,398 | €5,574 | -€16,824 | -75.1% |
| Financial charges | 65/66B | €39,477 | €21,373 | -€18,104 | -45.9% |
| Recurring financial charges | 65 | €39,477 | €21,373 | -€18,104 | -45.9% |
| Profit (loss) for the period before taxes | 9903 | €521,070 | €347,076 | -€173,995 | -33.4% |
| Income taxes | 67/77 | €3,048 | €82,164 | +€79,116 | +2595.3% |
| Profit (loss) for the period | 9904 | €518,022 | €264,911 | -€253,110 | -48.9% |
| Profit (loss) for the period to be appropriated | 9905 | €518,022 | €264,911 | -€253,110 | -48.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.