WITTENSTEIN: 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.
WITTENSTEIN
Largest movements
- Receivables within one year -€120,801
down €120,801 (-6.7%), from €1.8m to €1.7m
of which Trade receivables: -€143,249
- Cash +€77,293
up €77,293 (+20.2%), from €383,107 to €460,401
mainly Net result for the year (+€523,695) and Receivables within one year (+€120,801)
- Tangible fixed assets -€61,390
down €61,390 (-40.1%), from €152,999 to €91,609
of which Furniture and vehicles: -€52,451
- Deferred charges and accrued income -€39,364
down €39,364 (-61.5%), from €64,026 to €24,662
- Trade debts -€304,359
down €304,359 (-33.6%), from €905,835 to €601,476
- Profit (loss) carried forward +€173,695
up €173,695 (+34.7%), from €500,000 to €673,695
- Gross operating margin +€25,236
up €25,236 (+1.2%), from €2.2m to €2.2m
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,468,381 | €2,321,408 | -€146,973 | -6.0% |
| Fixed assets | 21/28 | €172,453 | €111,072 | -€61,381 | -35.6% |
| Intangible fixed assets | 21 | €33 | - | -€33 | |
| Tangible fixed assets | 22/27 | €152,999 | €91,609 | -€61,390 | -40.1% |
| Furniture and vehicles | 24 | €126,190 | €73,739 | -€52,451 | -41.6% |
| Other tangible fixed assets | 26 | €26,809 | €17,870 | -€8,939 | -33.3% |
| Financial fixed assets | 28 | €19,421 | €19,463 | +€42 | +0.2% |
| Current assets | 29/58 | €2,295,928 | €2,210,336 | -€85,592 | -3.7% |
| Stocks and contracts in progress | 3 | €34,431 | €31,712 | -€2,719 | -7.9% |
| Stocks | 30/36 | €34,431 | €31,712 | -€2,719 | -7.9% |
| Amounts receivable within one year | 40/41 | €1,814,363 | €1,693,562 | -€120,801 | -6.7% |
| Trade receivables | 40 | €1,809,203 | €1,665,954 | -€143,249 | -7.9% |
| Other amounts receivable | 41 | €5,160 | €27,608 | +€22,448 | +435.0% |
| Cash at bank and in hand | 54/58 | €383,107 | €460,401 | +€77,293 | +20.2% |
| Deferred charges and accrued income | 490/1 | €64,026 | €24,662 | -€39,364 | -61.5% |
| Total equity and liabilities | 10/49 | €2,468,381 | €2,321,408 | -€146,973 | -6.0% |
| Equity | 10/15 | €1,193,483 | €1,367,178 | +€173,695 | +14.6% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €593,483 | €593,483 | = | 0.0% |
| Distributable reserves | 133 | €593,483 | €593,483 | = | 0.0% |
| Profit (loss) carried forward | 14 | €500,000 | €673,695 | +€173,695 | +34.7% |
| Amounts payable | 17/49 | €1,274,898 | €954,230 | -€320,668 | -25.2% |
| Amounts payable within one year | 42/48 | €1,267,574 | €944,915 | -€322,659 | -25.5% |
| Trade debts | 44 | €905,835 | €601,476 | -€304,359 | -33.6% |
| Suppliers | 440/4 | €905,835 | €601,476 | -€304,359 | -33.6% |
| Advances received on contracts in progress | 46 | €40,776 | €28,073 | -€12,703 | -31.2% |
| Taxes, remuneration and social security | 45 | €320,963 | €315,365 | -€5,598 | -1.7% |
| Taxes | 450/3 | €71,035 | €81,350 | +€10,315 | +14.5% |
| Remuneration and social security | 454/9 | €249,928 | €234,015 | -€15,913 | -6.4% |
| Accrued charges and deferred income | 492/3 | €7,324 | €9,315 | +€1,991 | +27.2% |
| Remuneration, social security and pensions | 62 | €1,405,073 | €1,396,788 | -€8,285 | -0.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,357 | €66,719 | -€7,638 | -10.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,307 | -€3,727 | -€6,034 | |
| Other operating charges | 640/8 | €7,626 | €8,075 | +€449 | +5.9% |
| Gross operating margin | 9900 | €2,162,782 | €2,188,018 | +€25,236 | +1.2% |
| Operating profit (loss) | 9901 | €673,419 | €720,163 | +€46,744 | +6.9% |
| Financial income | 75/76B | €8,815 | €55 | -€8,759 | -99.4% |
| Recurring financial income | 75 | €8,815 | €55 | -€8,759 | -99.4% |
| Financial charges | 65/66B | €1,245 | €1,373 | +€128 | +10.2% |
| Recurring financial charges | 65 | €1,245 | €1,373 | +€128 | +10.2% |
| Profit (loss) for the period before taxes | 9903 | €680,988 | €718,845 | +€37,857 | +5.6% |
| Income taxes | 67/77 | €186,322 | €195,149 | +€8,828 | +4.7% |
| Profit (loss) for the period | 9904 | €494,666 | €523,695 | +€29,029 | +5.9% |
| Profit (loss) for the period to be appropriated | 9905 | €494,666 | €523,695 | +€29,029 | +5.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.