Wittevrongel Sails: what changed
Two financial 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 Sails
Largest movements
- Cash +€235,114
up €235,114 (+557%), from €42,195 to €277,310
mainly Other debts (+€300,000) and Current investments (+€200,000)
- Current investments -€200,000
no longer reported in 2025 (was €200,000)
- Tangible fixed assets -€20,825
down €20,825 (-29.8%), from €69,966 to €49,141
of which Furniture and vehicles: -€17,049
- Receivables within one year +€6,459
up €6,459 (+36.9%), from €17,494 to €23,953
of which Other amounts receivable: +€3,560
- Other debts +€300,000
new in 2025: €300,000
- Reserves -€255,867
down €255,867 (-84.0%), from €304,618 to €48,752
- Debts after one year -€34,018
no longer reported in 2025 (was €34,018)
- Accrued charges and deferred income +€7,476
up €7,476 (+284%), from €2,632 to €10,108
- Tax, wage and social debts +€5,941
up €5,941 (+54.8%), from €10,850 to €16,791
of which Taxes: +€7,525
- Gross operating margin -€97,215
down €97,215 (-45.4%), from €214,072 to €116,857
- Staff costs -€30,776
down €30,776 (-42.7%), from €72,024 to €41,248
- Taxes -€15,194
down €15,194 (-55.4%), from €27,426 to €12,232
- Depreciation +€2,185
up €2,185 (+11.7%), from €18,640 to €20,825
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.
Derived cash bridge
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 | €361,537 | €382,769 | +€21,233 | +5.9% |
| Fixed assets | 21/28 | €69,966 | €49,141 | -€20,825 | -29.8% |
| Tangible fixed assets | 22/27 | €69,966 | €49,141 | -€20,825 | -29.8% |
| Plant, machinery and equipment | 23 | €11,684 | €7,907 | -€3,776 | -32.3% |
| Furniture and vehicles | 24 | €58,283 | €41,234 | -€17,049 | -29.3% |
| Current assets | 29/58 | €291,570 | €333,628 | +€42,058 | +14.4% |
| Stocks and contracts in progress | 3 | €25,136 | €24,920 | -€215 | -0.9% |
| Stocks | 30/36 | €25,136 | €24,920 | -€215 | -0.9% |
| Amounts receivable within one year | 40/41 | €17,494 | €23,953 | +€6,459 | +36.9% |
| Trade receivables | 40 | €17,202 | €20,102 | +€2,900 | +16.9% |
| Other amounts receivable | 41 | €292 | €3,852 | +€3,560 | +1,219% |
| Current investments | 50/53 | €200,000 | - | -€200,000 | |
| Cash at bank and in hand | 54/58 | €42,195 | €277,310 | +€235,114 | +557% |
| Deferred charges and accrued income | 490/1 | €6,745 | €7,444 | +€699 | +10.4% |
| Total equity and liabilities | 10/49 | €361,537 | €382,769 | +€21,233 | +5.9% |
| Equity | 10/15 | €309,618 | €53,752 | -€255,867 | -82.6% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €304,618 | €48,752 | -€255,867 | -84.0% |
| Distributable reserves | 133 | €304,618 | €48,752 | -€255,867 | -84.0% |
| Amounts payable | 17/49 | €51,918 | €329,018 | +€277,099 | +534% |
| Amounts payable after more than one year | 17 | €34,018 | - | -€34,018 | |
| Other amounts payable | 178/9 | €34,018 | - | -€34,018 | |
| Amounts payable within one year | 42/48 | €15,269 | €318,909 | +€303,641 | +1,989% |
| Trade debts | 44 | €4,419 | €2,118 | -€2,300 | -52.1% |
| Suppliers | 440/4 | €4,419 | €2,118 | -€2,300 | -52.1% |
| Taxes, remuneration and social security | 45 | €10,850 | €16,791 | +€5,941 | +54.8% |
| Taxes | 450/3 | €5,784 | €13,308 | +€7,525 | +130% |
| Remuneration and social security | 454/9 | €5,066 | €3,483 | -€1,584 | -31.3% |
| Other amounts payable | 47/48 | - | €300,000 | +€300,000 | |
| Accrued charges and deferred income | 492/3 | €2,632 | €10,108 | +€7,476 | +284% |
| Remuneration, social security and pensions | 62 | €72,024 | €41,248 | -€30,776 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,640 | €20,825 | +€2,185 | +11.7% |
| Other operating charges | 640/8 | €1,319 | €770 | -€549 | -41.6% |
| Gross operating margin | 9900 | €214,072 | €116,857 | -€97,215 | -45.4% |
| Operating profit (loss) | 9901 | €122,089 | €54,014 | -€68,075 | -55.8% |
| Financial income | 75/76B | €6,200 | €4,689 | -€1,510 | -24.4% |
| Recurring financial income | 75 | €6,200 | €4,689 | -€1,510 | -24.4% |
| Financial charges | 65/66B | €2,650 | €2,337 | -€313 | -11.8% |
| Recurring financial charges | 65 | €2,650 | €2,337 | -€313 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €125,638 | €56,366 | -€69,272 | -55.1% |
| Income taxes | 67/77 | €27,426 | €12,232 | -€15,194 | -55.4% |
| Profit (loss) for the period | 9904 | €98,212 | €44,133 | -€54,078 | -55.1% |
| Profit (loss) for the period to be appropriated | 9905 | €98,212 | €44,133 | -€54,078 | -55.1% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.