WITTEBOLS: 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.
WITTEBOLS
Largest movements
- Stocks and contracts +€81,075
up €81,075 (+14.5%), from €559,077 to €640,152
- Financial fixed assets +€76,674
up €76,674 (+5.0%), from €1.5m to €1.6m
- Receivables within one year +€54,079
up €54,079 (+44.2%), from €122,335 to €176,414
of which Trade receivables: +€60,560
- Other debts +€278,792
up €278,792 (+124.5%), from €223,851 to €502,643
- Current portion of long-term debt -€71,387
down €71,387 (-30.4%), from €234,787 to €163,400
- Revaluation surpluses +€47,551
up €47,551 (+5.5%), from €864,283 to €911,834
- Reserves +€29,123
up €29,123 (+32.6%), from €89,341 to €118,464
of which Distributable reserves: +€29,123
- Gross operating margin -€94,642
down €94,642 (-91.4%), from €103,493 to €8,852
- Depreciation -€29,331
down €29,331 (-82.3%), from €35,624 to €6,293
- Financial charges -€16,820
down €16,820 (-41.6%), from €40,388 to €23,568
- Taxes -€10,753
no longer reported in 2025 (was €10,753)
- Other operating charges -€4,210
down €4,210 (-58.7%), from €7,170 to €2,960
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 | €2,346,909 | €2,578,544 | +€231,635 | +9.9% |
| Fixed assets | 21/28 | €1,664,792 | €1,761,460 | +€96,669 | +5.8% |
| Intangible fixed assets | 21 | - | €15,000 | +€15,000 | |
| Tangible fixed assets | 22/27 | €131,315 | €136,310 | +€4,995 | +3.8% |
| Land and buildings | 22 | €119,925 | €116,325 | -€3,600 | -3.0% |
| Plant, machinery and equipment | 23 | €765 | €572 | -€193 | -25.3% |
| Furniture and vehicles | 24 | €10,625 | €19,413 | +€8,788 | +82.7% |
| Financial fixed assets | 28 | €1,533,476 | €1,610,150 | +€76,674 | +5.0% |
| Current assets | 29/58 | €682,118 | €817,084 | +€134,967 | +19.8% |
| Stocks and contracts in progress | 3 | €559,077 | €640,152 | +€81,075 | +14.5% |
| Stocks | 30/36 | €559,077 | €640,152 | +€81,075 | +14.5% |
| Amounts receivable within one year | 40/41 | €122,335 | €176,414 | +€54,079 | +44.2% |
| Trade receivables | 40 | €84,614 | €145,174 | +€60,560 | +71.6% |
| Other amounts receivable | 41 | €37,721 | €31,240 | -€6,482 | -17.2% |
| Cash at bank and in hand | 54/58 | €705 | €518 | -€187 | -26.5% |
| Total equity and liabilities | 10/49 | €2,346,909 | €2,578,544 | +€231,635 | +9.9% |
| Equity | 10/15 | €1,157,707 | €1,210,495 | +€52,788 | +4.6% |
| Contributions | 10/11 | €204,083 | €204,083 | = | 0.0% |
| Capital | 10 | €204,083 | €204,083 | = | 0.0% |
| Issued capital | 100 | €204,083 | €204,083 | = | 0.0% |
| Revaluation surpluses | 12 | €864,283 | €911,834 | +€47,551 | +5.5% |
| Reserves | 13 | €89,341 | €118,464 | +€29,123 | +32.6% |
| Non-distributable reserves | 130/1 | €16,537 | €16,537 | = | 0.0% |
| Legal reserve | 130 | €16,537 | €16,537 | = | 0.0% |
| Distributable reserves | 133 | €72,804 | €101,927 | +€29,123 | +40.0% |
| Profit (loss) carried forward | 14 | - | -€23,886 | -€23,886 | |
| Amounts payable | 17/49 | €1,189,202 | €1,368,049 | +€178,847 | +15.0% |
| Amounts payable after more than one year | 17 | €303,400 | €290,000 | -€13,400 | -4.4% |
| Financial debts | 170/4 | €303,400 | €290,000 | -€13,400 | -4.4% |
| Amounts payable within one year | 42/48 | €885,802 | €1,078,049 | +€192,247 | +21.7% |
| Current portion of amounts payable after more than one year | 42 | €234,787 | €163,400 | -€71,387 | -30.4% |
| Financial debts | 43 | €50,000 | €50,000 | = | 0.0% |
| Credit institutions | 430/8 | €50,000 | €50,000 | = | 0.0% |
| Trade debts | 44 | €366,411 | €359,169 | -€7,242 | -2.0% |
| Suppliers | 440/4 | €366,411 | €357,382 | -€9,029 | -2.5% |
| Bills of exchange payable | 441 | - | €1,787 | +€1,787 | |
| Taxes, remuneration and social security | 45 | €10,753 | €2,838 | -€7,915 | -73.6% |
| Taxes | 450/3 | €10,753 | €2,838 | -€7,915 | -73.6% |
| Other amounts payable | 47/48 | €223,851 | €502,643 | +€278,792 | +124.5% |
| Non-recurring operating income | 76A | €22,995 | €11,161 | -€11,834 | -51.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,624 | €6,293 | -€29,331 | -82.3% |
| Other operating charges | 640/8 | €7,170 | €2,960 | -€4,210 | -58.7% |
| Gross operating margin | 9900 | €103,493 | €8,852 | -€94,642 | -91.4% |
| Operating profit (loss) | 9901 | €60,699 | -€402 | -€61,101 | |
| Financial income | 75/76B | €637 | €84 | -€553 | -86.8% |
| Recurring financial income | 75 | €637 | €84 | -€553 | -86.8% |
| Financial charges | 65/66B | €40,388 | €23,568 | -€16,820 | -41.6% |
| Recurring financial charges | 65 | €40,388 | €23,568 | -€16,820 | -41.6% |
| Profit (loss) for the period before taxes | 9903 | €20,948 | -€23,886 | -€44,834 | |
| Income taxes | 67/77 | €10,753 | - | -€10,753 | |
| Profit (loss) for the period | 9904 | €10,195 | -€23,886 | -€34,081 | |
| Profit (loss) for the period to be appropriated | 9905 | €10,195 | -€23,886 | -€34,081 |
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 7 October 2026 via checked.be.