WITTEVRONGEL RIGGING: 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.
WITTEVRONGEL RIGGING
Largest movements
- Tangible fixed assets -€25,748
down €25,748 (-31.0%), from €83,111 to €57,363
of which Furniture and vehicles: -€29,967
- Stocks and contracts +€14,194
up €14,194 (+37.9%), from €37,426 to €51,619
- Cash +€11,134
up €11,134 (+28.8%), from €38,675 to €49,810
mainly Depreciation (+€32,659) and Receivables within one year (+€10,460)
- Receivables within one year -€10,460
down €10,460 (-22.3%), from €46,898 to €36,437
of which Trade receivables: -€11,263
- Deferred charges and accrued income -€3,949
down €3,949 (-33.0%), from €11,967 to €8,018
- Debts after one year -€16,632
down €16,632 (-83.6%), from €19,905 to €3,273
- Current portion of long-term debt -€5,878
down €5,878 (-28.8%), from €20,393 to €14,515
- Reserves +€4,877
up €4,877 (+4.0%), from €122,382 to €127,259
of which Distributable reserves: +€5,869
- Accrued charges and deferred income +€2,476
new in 2025: €2,476
- Gross operating margin +€1,477
up €1,477 (+3.3%), from €44,214 to €45,691
- Taxes +€765
up €765 (+47.4%), from €1,613 to €2,378
- Depreciation -€702
down €702 (-2.1%), from €33,361 to €32,659
- Write-downs -€605
down €605 (-100.0%), from €605 to €0
- Other operating charges +€562
up €562 (+11.8%), from €4,774 to €5,336
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 | €218,116 | €203,287 | -€14,829 | -6.8% |
| Fixed assets | 21/28 | €83,151 | €57,403 | -€25,748 | -31.0% |
| Tangible fixed assets | 22/27 | €83,111 | €57,363 | -€25,748 | -31.0% |
| Plant, machinery and equipment | 23 | €12,229 | €16,447 | +€4,219 | +34.5% |
| Furniture and vehicles | 24 | €70,882 | €40,916 | -€29,967 | -42.3% |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €134,965 | €145,884 | +€10,919 | +8.1% |
| Stocks and contracts in progress | 3 | €37,426 | €51,619 | +€14,194 | +37.9% |
| Stocks | 30/36 | €37,426 | €51,619 | +€14,194 | +37.9% |
| Amounts receivable within one year | 40/41 | €46,898 | €36,437 | -€10,460 | -22.3% |
| Trade receivables | 40 | €31,684 | €20,421 | -€11,263 | -35.5% |
| Other amounts receivable | 41 | €15,214 | €16,016 | +€803 | +5.3% |
| Cash at bank and in hand | 54/58 | €38,675 | €49,810 | +€11,134 | +28.8% |
| Deferred charges and accrued income | 490/1 | €11,967 | €8,018 | -€3,949 | -33.0% |
| Total equity and liabilities | 10/49 | €218,116 | €203,287 | -€14,829 | -6.8% |
| Equity | 10/15 | €168,250 | €173,127 | +€4,877 | +2.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €27,268 | €27,268 | = | 0.0% |
| Reserves | 13 | €122,382 | €127,259 | +€4,877 | +4.0% |
| Non-distributable reserves | 130/1 | €992 | €0 | -€992 | -100.0% |
| Reserves not available under the articles | 1311 | €992 | €0 | -€992 | -100.0% |
| Distributable reserves | 133 | €121,390 | €127,259 | +€5,869 | +4.8% |
| Amounts payable | 17/49 | €49,866 | €30,159 | -€19,706 | -39.5% |
| Amounts payable after more than one year | 17 | €19,905 | €3,273 | -€16,632 | -83.6% |
| Financial debts | 170/4 | €19,905 | €3,273 | -€16,632 | -83.6% |
| Amounts payable within one year | 42/48 | €29,961 | €24,410 | -€5,551 | -18.5% |
| Current portion of amounts payable after more than one year | 42 | €20,393 | €14,515 | -€5,878 | -28.8% |
| Trade debts | 44 | €1,262 | €2,761 | +€1,499 | +118.8% |
| Suppliers | 440/4 | €1,262 | €2,761 | +€1,499 | +118.8% |
| Taxes, remuneration and social security | 45 | €8,306 | €7,134 | -€1,172 | -14.1% |
| Taxes | 450/3 | €5,211 | €3,972 | -€1,238 | -23.8% |
| Remuneration and social security | 454/9 | €3,095 | €3,162 | +€67 | +2.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | - | €2,476 | +€2,476 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,361 | €32,659 | -€702 | -2.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €605 | €0 | -€605 | -100.0% |
| Other operating charges | 640/8 | €4,774 | €5,336 | +€562 | +11.8% |
| Gross operating margin | 9900 | €44,214 | €45,691 | +€1,477 | +3.3% |
| Operating profit (loss) | 9901 | €5,474 | €7,697 | +€2,222 | +40.6% |
| Financial income | 75/76B | €661 | €559 | -€102 | -15.4% |
| Recurring financial income | 75 | €661 | €559 | -€102 | -15.4% |
| Financial charges | 65/66B | €1,524 | €1,001 | -€524 | -34.3% |
| Recurring financial charges | 65 | €1,524 | €1,001 | -€524 | -34.3% |
| Profit (loss) for the period before taxes | 9903 | €4,611 | €7,255 | +€2,644 | +57.3% |
| Income taxes | 67/77 | €1,613 | €2,378 | +€765 | +47.4% |
| Profit (loss) for the period | 9904 | €2,998 | €4,877 | +€1,879 | +62.7% |
| Profit (loss) for the period to be appropriated | 9905 | €2,998 | €4,877 | +€1,879 | +62.7% |
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 8 October 2026 via checked.be.