Wittmass: 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.
Wittmass
Largest movements
- Tangible fixed assets -€19,595
down €19,595 (-6.9%), from €282,044 to €262,450
of which Plant, machinery and equipment: -€14,164
- Cash +€4,393
up €4,393 (+8.0%), from €55,064 to €59,457
mainly Depreciation (+€35,703) and Net result for the year (+€14,767)
- Debts after one year -€26,609
down €26,609 (-10.9%), from €243,822 to €217,213
- Reserves +€13,314
up €13,314 (+34.3%), from €38,824 to €52,138
- Gross operating margin +€12,914
up €12,914 (+23.0%), from €56,046 to €68,959
- Taxes +€2,262
up €2,262 (+64.4%), from €3,510 to €5,772
- Depreciation +€2,190
up €2,190 (+6.5%), from €33,512 to €35,703
- Staff costs +€1,121
up €1,121 (+38.1%), from €2,942 to €4,062
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 | €354,384 | €337,001 | -€17,383 | -4.9% |
| Fixed assets | 21/28 | €285,413 | €265,318 | -€20,095 | -7.0% |
| Intangible fixed assets | 21 | €3,368 | €2,868 | -€500 | -14.8% |
| Tangible fixed assets | 22/27 | €282,044 | €262,450 | -€19,595 | -6.9% |
| Land and buildings | 22 | €232,713 | €226,688 | -€6,025 | -2.6% |
| Plant, machinery and equipment | 23 | €49,331 | €35,167 | -€14,164 | -28.7% |
| Furniture and vehicles | 24 | €0 | €595 | +€595 | |
| Current assets | 29/58 | €68,972 | €71,683 | +€2,711 | +3.9% |
| Stocks and contracts in progress | 3 | €9,162 | €10,890 | +€1,728 | +18.9% |
| Stocks | 30/36 | €9,162 | €10,890 | +€1,728 | +18.9% |
| Amounts receivable within one year | 40/41 | €2,993 | €392 | -€2,601 | -86.9% |
| Trade receivables | 40 | €234 | €87 | -€147 | -62.8% |
| Other amounts receivable | 41 | €2,759 | €305 | -€2,454 | -88.9% |
| Cash at bank and in hand | 54/58 | €55,064 | €59,457 | +€4,393 | +8.0% |
| Deferred charges and accrued income | 490/1 | €1,753 | €944 | -€809 | -46.2% |
| Total equity and liabilities | 10/49 | €354,384 | €337,001 | -€17,383 | -4.9% |
| Equity | 10/15 | €68,824 | €82,138 | +€13,314 | +19.3% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €38,824 | €52,138 | +€13,314 | +34.3% |
| Distributable reserves | 133 | €38,824 | €52,138 | +€13,314 | +34.3% |
| Amounts payable | 17/49 | €285,560 | €254,863 | -€30,697 | -10.7% |
| Amounts payable after more than one year | 17 | €243,822 | €217,213 | -€26,609 | -10.9% |
| Financial debts | 170/4 | €243,822 | €217,213 | -€26,609 | -10.9% |
| Amounts payable within one year | 42/48 | €41,477 | €37,556 | -€3,921 | -9.5% |
| Current portion of amounts payable after more than one year | 42 | €26,609 | €26,609 | = | 0.0% |
| Trade debts | 44 | €6,828 | €4,395 | -€2,433 | -35.6% |
| Suppliers | 440/4 | €6,828 | €4,395 | -€2,433 | -35.6% |
| Taxes, remuneration and social security | 45 | €3,040 | €4,659 | +€1,620 | +53.3% |
| Taxes | 450/3 | €3,040 | €3,234 | +€194 | +6.4% |
| Remuneration and social security | 454/9 | - | €1,425 | +€1,425 | |
| Other amounts payable | 47/48 | €5,000 | €1,893 | -€3,107 | -62.1% |
| Accrued charges and deferred income | 492/3 | €261 | €93 | -€167 | -64.2% |
| Remuneration, social security and pensions | 62 | €2,942 | €4,062 | +€1,121 | +38.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,512 | €35,703 | +€2,190 | +6.5% |
| Other operating charges | 640/8 | €2,899 | €3,562 | +€664 | +22.9% |
| Gross operating margin | 9900 | €56,046 | €68,959 | +€12,914 | +23.0% |
| Operating profit (loss) | 9901 | €16,693 | €25,632 | +€8,939 | +53.5% |
| Financial income | 75/76B | €2 | €8 | +€6 | +414.2% |
| Recurring financial income | 75 | €2 | €8 | +€6 | +414.2% |
| Financial charges | 65/66B | €5,706 | €5,101 | -€605 | -10.6% |
| Recurring financial charges | 65 | €5,706 | €5,101 | -€605 | -10.6% |
| Profit (loss) for the period before taxes | 9903 | €10,988 | €20,539 | +€9,551 | +86.9% |
| Income taxes | 67/77 | €3,510 | €5,772 | +€2,262 | +64.4% |
| Profit (loss) for the period | 9904 | €7,478 | €14,767 | +€7,289 | +97.5% |
| Profit (loss) for the period to be appropriated | 9905 | €7,478 | €14,767 | +€7,289 | +97.5% |
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 11 October 2026 via checked.be.