Witsoone: 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.
Witsoone
Largest movements
- Receivables within one year +€900,827
up €900,827 (+82.9%), from €1.1m to €2.0m
of which Trade receivables: +€870,218
- Stocks and contracts -€710,000
down €710,000 (-34.3%), from €2.1m to €1.4m
- Cash -€495,531
down €495,531 (-65.4%), from €757,767 to €262,236
mainly Receivables within one year (-€900,827) and Trade debts (-€407,124)
- Tangible fixed assets -€103,101
down €103,101 (-15.4%), from €671,486 to €568,385
of which Furniture and vehicles: -€65,044
- Trade debts -€407,124
down €407,124 (-11.8%), from €3.5m to €3.0m
- Reserves +€214,729
up €214,729 (+81.5%), from €263,512 to €478,242
of which Distributable reserves: +€214,729
- Other debts -€188,122
down €188,122 (-40.1%), from €468,884 to €280,762
- Debts after one year -€65,150
down €65,150 (-33.8%), from €192,767 to €127,616
- Tax, wage and social debts +€50,693
up €50,693 (+454.2%), from €11,160 to €61,854
of which Taxes: +€44,991
- Gross operating margin +€145,839
up €145,839 (+33.1%), from €440,737 to €586,576
- Taxes +€35,376
up €35,376 (+56.3%), from €62,875 to €98,251
- Depreciation +€35,180
up €35,180 (+30.3%), from €116,010 to €151,190
- Staff costs +€33,957
up €33,957 (+48.5%), from €70,075 to €104,032
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 | €4,586,071 | €4,179,847 | -€406,224 | -8.9% |
| Fixed assets | 21/28 | €671,486 | €568,385 | -€103,101 | -15.4% |
| Tangible fixed assets | 22/27 | €671,486 | €568,385 | -€103,101 | -15.4% |
| Land and buildings | 22 | €148,831 | €158,488 | +€9,658 | +6.5% |
| Plant, machinery and equipment | 23 | €239,979 | €192,264 | -€47,714 | -19.9% |
| Furniture and vehicles | 24 | €282,677 | €217,633 | -€65,044 | -23.0% |
| Current assets | 29/58 | €3,914,585 | €3,611,462 | -€303,123 | -7.7% |
| Stocks and contracts in progress | 3 | €2,070,000 | €1,360,000 | -€710,000 | -34.3% |
| Stocks | 30/36 | €2,070,000 | €1,360,000 | -€710,000 | -34.3% |
| Amounts receivable within one year | 40/41 | €1,086,818 | €1,987,645 | +€900,827 | +82.9% |
| Trade receivables | 40 | €877,783 | €1,748,001 | +€870,218 | +99.1% |
| Other amounts receivable | 41 | €209,035 | €239,644 | +€30,609 | +14.6% |
| Cash at bank and in hand | 54/58 | €757,767 | €262,236 | -€495,531 | -65.4% |
| Deferred charges and accrued income | 490/1 | - | €1,581 | +€1,581 | |
| Total equity and liabilities | 10/49 | €4,586,071 | €4,179,847 | -€406,224 | -8.9% |
| Equity | 10/15 | €380,697 | €595,426 | +€214,729 | +56.4% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €263,512 | €478,242 | +€214,729 | +81.5% |
| Tax-exempt reserves | 132 | €7,382 | €7,382 | = | 0.0% |
| Distributable reserves | 133 | €256,131 | €470,860 | +€214,729 | +83.8% |
| Profit (loss) carried forward | 14 | €55,685 | €55,685 | = | 0.0% |
| Amounts payable | 17/49 | €4,205,374 | €3,584,421 | -€620,954 | -14.8% |
| Amounts payable after more than one year | 17 | €192,767 | €127,616 | -€65,150 | -33.8% |
| Financial debts | 170/4 | €192,767 | €127,616 | -€65,150 | -33.8% |
| Amounts payable within one year | 42/48 | €4,012,608 | €3,456,804 | -€555,803 | -13.9% |
| Current portion of amounts payable after more than one year | 42 | €76,401 | €65,150 | -€11,251 | -14.7% |
| Trade debts | 44 | €3,456,162 | €3,049,038 | -€407,124 | -11.8% |
| Suppliers | 440/4 | €3,456,162 | €3,049,038 | -€407,124 | -11.8% |
| Taxes, remuneration and social security | 45 | €11,160 | €61,854 | +€50,693 | +454.2% |
| Taxes | 450/3 | €4,573 | €49,564 | +€44,991 | +983.8% |
| Remuneration and social security | 454/9 | €6,587 | €12,290 | +€5,703 | +86.6% |
| Other amounts payable | 47/48 | €468,884 | €280,762 | -€188,122 | -40.1% |
| Remuneration, social security and pensions | 62 | €70,075 | €104,032 | +€33,957 | +48.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €116,010 | €151,190 | +€35,180 | +30.3% |
| Other operating charges | 640/8 | €5,587 | €6,647 | +€1,060 | +19.0% |
| Gross operating margin | 9900 | €440,737 | €586,576 | +€145,839 | +33.1% |
| Operating profit (loss) | 9901 | €249,064 | €324,706 | +€75,642 | +30.4% |
| Financial income | 75/76B | €823 | €80 | -€743 | -90.3% |
| Recurring financial income | 75 | €823 | €80 | -€743 | -90.3% |
| Financial charges | 65/66B | €11,480 | €11,806 | +€327 | +2.8% |
| Recurring financial charges | 65 | €11,480 | €11,806 | +€327 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €238,408 | €312,980 | +€74,572 | +31.3% |
| Income taxes | 67/77 | €62,875 | €98,251 | +€35,376 | +56.3% |
| Profit (loss) for the period | 9904 | €175,533 | €214,729 | +€39,196 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €175,533 | €214,729 | +€39,196 | +22.3% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.