Wittock RV: 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.
Wittock RV
Largest movements
- Receivables within one year -€48,230
down €48,230 (-44.0%), from €109,538 to €61,308
of which Trade receivables: -€38,073
- Tangible fixed assets -€36,134
down €36,134 (-13.9%), from €259,606 to €223,472
of which Leasing and similar rights: -€23,827
- Stocks and contracts +€20,763
up €20,763 (+42.0%), from €49,451 to €70,214
- Cash -€11,418
down €11,418 (-84.5%), from €13,512 to €2,095
mainly Net result for the year (-€45,421) and Debts after one year (-€34,166)
- Profit (loss) carried forward -€45,421
down €45,421, from €22,108 to -€23,313
- Other debts +€34,635
up €34,635 (+241%), from €14,344 to €48,979
- Debts after one year -€34,166
down €34,166 (-31.1%), from €109,891 to €75,725
- Trade debts -€24,269
down €24,269 (-16.3%), from €148,748 to €124,479
- Current portion of long-term debt -€9,103
down €9,103 (-21.0%), from €43,269 to €34,166
- Gross operating margin -€94,480
down €94,480 (-42.6%), from €221,678 to €127,198
- Taxes -€6,619
down €6,619 (-100%), from €6,619 to €0
- Staff costs +€5,925
up €5,925 (+5.3%), from €111,522 to €117,447
- Depreciation +€3,299
up €3,299 (+7.1%), from €46,712 to €50,012
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 | €435,916 | €361,434 | -€74,482 | -17.1% |
| Fixed assets | 21/28 | €260,056 | €223,922 | -€36,134 | -13.9% |
| Tangible fixed assets | 22/27 | €259,606 | €223,472 | -€36,134 | -13.9% |
| Plant, machinery and equipment | 23 | €56,867 | €51,003 | -€5,864 | -10.3% |
| Furniture and vehicles | 24 | €18,569 | €15,033 | -€3,536 | -19.0% |
| Leasing and similar rights | 25 | €166,336 | €142,509 | -€23,827 | -14.3% |
| Other tangible fixed assets | 26 | €17,835 | €14,927 | -€2,907 | -16.3% |
| Financial fixed assets | 28 | €450 | €450 | = | 0.0% |
| Current assets | 29/58 | €175,860 | €137,512 | -€38,348 | -21.8% |
| Stocks and contracts in progress | 3 | €49,451 | €70,214 | +€20,763 | +42.0% |
| Stocks | 30/36 | €49,451 | €70,214 | +€20,763 | +42.0% |
| Amounts receivable within one year | 40/41 | €109,538 | €61,308 | -€48,230 | -44.0% |
| Trade receivables | 40 | €99,381 | €61,308 | -€38,073 | -38.3% |
| Other amounts receivable | 41 | €10,157 | €0 | -€10,157 | -100% |
| Cash at bank and in hand | 54/58 | €13,512 | €2,095 | -€11,418 | -84.5% |
| Deferred charges and accrued income | 490/1 | €3,359 | €3,895 | +€536 | +16.0% |
| Total equity and liabilities | 10/49 | €435,916 | €361,434 | -€74,482 | -17.1% |
| Equity | 10/15 | €110,291 | €64,870 | -€45,421 | -41.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,583 | €69,583 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,723 | €67,723 | = | 0.0% |
| Profit (loss) carried forward | 14 | €22,108 | -€23,313 | -€45,421 | |
| Amounts payable | 17/49 | €325,625 | €296,564 | -€29,061 | -8.9% |
| Amounts payable after more than one year | 17 | €109,891 | €75,725 | -€34,166 | -31.1% |
| Financial debts | 170/4 | €109,891 | €75,725 | -€34,166 | -31.1% |
| Amounts payable within one year | 42/48 | €215,734 | €220,839 | +€5,105 | +2.4% |
| Current portion of amounts payable after more than one year | 42 | €43,269 | €34,166 | -€9,103 | -21.0% |
| Trade debts | 44 | €148,748 | €124,479 | -€24,269 | -16.3% |
| Suppliers | 440/4 | €148,748 | €124,479 | -€24,269 | -16.3% |
| Taxes, remuneration and social security | 45 | €9,373 | €13,215 | +€3,842 | +41.0% |
| Taxes | 450/3 | €6,145 | €9,297 | +€3,152 | +51.3% |
| Remuneration and social security | 454/9 | €3,228 | €3,919 | +€690 | +21.4% |
| Other amounts payable | 47/48 | €14,344 | €48,979 | +€34,635 | +241% |
| Remuneration, social security and pensions | 62 | €111,522 | €117,447 | +€5,925 | +5.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,712 | €50,012 | +€3,299 | +7.1% |
| Other operating charges | 640/8 | €3,524 | €1,468 | -€2,057 | -58.4% |
| Gross operating margin | 9900 | €221,678 | €127,198 | -€94,480 | -42.6% |
| Operating profit (loss) | 9901 | €59,920 | -€41,728 | -€101,648 | |
| Financial income | 75/76B | €556 | €439 | -€116 | -21.0% |
| Recurring financial income | 75 | €556 | €439 | -€116 | -21.0% |
| Financial charges | 65/66B | €4,588 | €4,132 | -€456 | -9.9% |
| Recurring financial charges | 65 | €4,588 | €4,132 | -€456 | -9.9% |
| Profit (loss) for the period before taxes | 9903 | €55,888 | -€45,421 | -€101,309 | |
| Income taxes | 67/77 | €6,619 | €0 | -€6,619 | -100% |
| Profit (loss) for the period | 9904 | €49,269 | -€45,421 | -€94,690 | |
| Profit (loss) for the period to be appropriated | 9905 | €49,269 | -€45,421 | -€94,690 |
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 29 October 2026 via checked.be.