WITTOEK: 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.
WITTOEK
Largest movements
- Receivables within one year -€25,057
down €25,057 (-18.1%), from €138,350 to €113,293
of which Other amounts receivable: -€13,501
- Tangible fixed assets +€9,058
up €9,058 (+24.4%), from €37,194 to €46,252
of which Plant, machinery and equipment: +€12,808
- Trade debts -€41,202
down €41,202 (-76.8%), from €53,641 to €12,439
- Other debts +€18,703
up €18,703 (+15.7%), from €118,847 to €137,550
- Reserves +€12,120
up €12,120 (+51.5%), from €23,531 to €35,651
- Tax, wage and social debts -€3,440
down €3,440 (-31.6%), from €10,892 to €7,452
- Depreciation +€10,514
up €10,514 (+464.0%), from €2,266 to €12,780
- Gross operating margin -€5,765
down €5,765 (-15.5%), from €37,208 to €31,442
- Taxes -€4,948
down €4,948 (-45.9%), from €10,775 to €5,827
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 | €211,956 | €198,092 | -€13,864 | -6.5% |
| Fixed assets | 21/28 | €37,194 | €46,252 | +€9,058 | +24.4% |
| Tangible fixed assets | 22/27 | €37,194 | €46,252 | +€9,058 | +24.4% |
| Plant, machinery and equipment | 23 | €26,896 | €39,704 | +€12,808 | +47.6% |
| Furniture and vehicles | 24 | €10,298 | €6,548 | -€3,750 | -36.4% |
| Current assets | 29/58 | €174,762 | €151,840 | -€22,922 | -13.1% |
| Amounts receivable within one year | 40/41 | €138,350 | €113,293 | -€25,057 | -18.1% |
| Trade receivables | 40 | €124,849 | €113,293 | -€11,556 | -9.3% |
| Other amounts receivable | 41 | €13,501 | - | -€13,501 | |
| Cash at bank and in hand | 54/58 | €36,297 | €38,035 | +€1,739 | +4.8% |
| Deferred charges and accrued income | 490/1 | €116 | €512 | +€396 | +342.5% |
| Total equity and liabilities | 10/49 | €211,956 | €198,092 | -€13,864 | -6.5% |
| Equity | 10/15 | €28,531 | €40,651 | +€12,120 | +42.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €23,531 | €35,651 | +€12,120 | +51.5% |
| Distributable reserves | 133 | €23,531 | €35,651 | +€12,120 | +51.5% |
| Amounts payable | 17/49 | €183,425 | €157,441 | -€25,984 | -14.2% |
| Amounts payable within one year | 42/48 | €183,381 | €157,441 | -€25,939 | -14.1% |
| Trade debts | 44 | €53,641 | €12,439 | -€41,202 | -76.8% |
| Suppliers | 440/4 | €53,641 | €12,439 | -€41,202 | -76.8% |
| Taxes, remuneration and social security | 45 | €10,892 | €7,452 | -€3,440 | -31.6% |
| Taxes | 450/3 | €10,892 | €7,452 | -€3,440 | -31.6% |
| Other amounts payable | 47/48 | €118,847 | €137,550 | +€18,703 | +15.7% |
| Accrued charges and deferred income | 492/3 | €45 | - | -€45 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,266 | €12,780 | +€10,514 | +464.0% |
| Other operating charges | 640/8 | €600 | €675 | +€75 | +12.6% |
| Gross operating margin | 9900 | €37,208 | €31,442 | -€5,765 | -15.5% |
| Operating profit (loss) | 9901 | €34,342 | €17,988 | -€16,355 | -47.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €36 | €41 | +€5 | +12.8% |
| Recurring financial charges | 65 | €36 | €41 | +€5 | +12.8% |
| Profit (loss) for the period before taxes | 9903 | €34,306 | €17,947 | -€16,360 | -47.7% |
| Income taxes | 67/77 | €10,775 | €5,827 | -€4,948 | -45.9% |
| Profit (loss) for the period | 9904 | €23,531 | €12,120 | -€11,411 | -48.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,531 | €12,120 | -€11,411 | -48.5% |
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 10 October 2026 via checked.be.