WITTOUCK IZEGEM: 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.
WITTOUCK IZEGEM
Largest movements
- Current investments -€415,000
down €415,000 (-100.0%), from €415,000 to €0
- Cash +€199,165
up €199,165 (+226.9%), from €87,786 to €286,951
- Receivables within one year +€180,620
up €180,620 (+1286.4%), from €14,041 to €194,661
of which Other amounts receivable: +€180,620
- Tangible fixed assets +€16,704
up €16,704 (+17.0%), from €97,985 to €114,689
of which Furniture and vehicles: +€32,354
- Other debts -€64,457
down €64,457 (-39.2%), from €164,457 to €100,000
- Current portion of long-term debt +€16,700
new in 2025: €16,700
- Trade debts +€15,973
up €15,973 (+1843.7%), from €866 to €16,839
- Tax, wage and social debts +€6,533
up €6,533 (+19.1%), from €34,221 to €40,754
of which Remuneration and social security: +€4,381
- Gross operating margin +€108,724
up €108,724 (+42.3%), from €257,325 to €366,048
- Staff costs +€93,730
up €93,730 (+86.7%), from €108,093 to €201,824
- Taxes +€27,383
up €27,383 (+85.6%), from €31,989 to €59,372
- Financial income +€23,610
up €23,610 (+865.6%), from €2,728 to €26,337
- Depreciation -€11,385
down €11,385 (-33.5%), from €34,030 to €22,645
From the 2023 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2023 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €614,812 | €596,301 | -€18,511 | -3.0% |
| Fixed assets | 21/28 | €97,985 | €114,689 | +€16,704 | +17.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €97,985 | €114,689 | +€16,704 | +17.0% |
| Land and buildings | 22 | €90,735 | €76,860 | -€13,875 | -15.3% |
| Plant, machinery and equipment | 23 | €4,652 | €2,877 | -€1,775 | -38.2% |
| Furniture and vehicles | 24 | €2,598 | €34,952 | +€32,354 | +1245.3% |
| Current assets | 29/58 | €516,828 | €481,613 | -€35,215 | -6.8% |
| Amounts receivable within one year | 40/41 | €14,041 | €194,661 | +€180,620 | +1286.4% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €14,041 | €194,661 | +€180,620 | +1286.4% |
| Current investments | 50/53 | €415,000 | €0 | -€415,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €87,786 | €286,951 | +€199,165 | +226.9% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €614,812 | €596,301 | -€18,511 | -3.0% |
| Equity | 10/15 | €415,268 | €418,758 | +€3,490 | +0.8% |
| Contributions | 10/11 | €198,470 | €198,470 | = | 0.0% |
| Reserves | 13 | €216,798 | €220,288 | +€3,490 | +1.6% |
| Non-distributable reserves | 130/1 | €8,250 | €8,250 | = | 0.0% |
| Reserves not available under the articles | 1311 | €8,250 | €8,250 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €189,798 | €193,288 | +€3,490 | +1.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €199,544 | €177,543 | -€22,001 | -11.0% |
| Amounts payable within one year | 42/48 | €199,544 | €174,293 | -€25,251 | -12.7% |
| Current portion of amounts payable after more than one year | 42 | - | €16,700 | +€16,700 | |
| Trade debts | 44 | €866 | €16,839 | +€15,973 | +1843.7% |
| Suppliers | 440/4 | €866 | €16,839 | +€15,973 | +1843.7% |
| Taxes, remuneration and social security | 45 | €34,221 | €40,754 | +€6,533 | +19.1% |
| Taxes | 450/3 | €21,358 | €23,510 | +€2,152 | +10.1% |
| Remuneration and social security | 454/9 | €12,863 | €17,245 | +€4,381 | +34.1% |
| Other amounts payable | 47/48 | €164,457 | €100,000 | -€64,457 | -39.2% |
| Accrued charges and deferred income | 492/3 | €0 | €3,250 | +€3,250 | |
| Remuneration, social security and pensions | 62 | €108,093 | €201,824 | +€93,730 | +86.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,030 | €22,645 | -€11,385 | -33.5% |
| Other operating charges | 640/8 | €1,856 | €3,806 | +€1,950 | +105.1% |
| Gross operating margin | 9900 | €257,325 | €366,048 | +€108,724 | +42.3% |
| Operating profit (loss) | 9901 | €113,346 | €137,774 | +€24,428 | +21.6% |
| Financial income | 75/76B | €2,728 | €26,337 | +€23,610 | +865.6% |
| Recurring financial income | 75 | €2,728 | €26,337 | +€23,610 | +865.6% |
| Financial charges | 65/66B | €188 | €1,249 | +€1,061 | +565.6% |
| Recurring financial charges | 65 | €188 | €1,249 | +€1,061 | +565.6% |
| Profit (loss) for the period before taxes | 9903 | €115,886 | €162,863 | +€46,977 | +40.5% |
| Income taxes | 67/77 | €31,989 | €59,372 | +€27,383 | +85.6% |
| Profit (loss) for the period | 9904 | €83,897 | €103,490 | +€19,594 | +23.4% |
| Profit (loss) for the period to be appropriated | 9905 | €83,897 | €103,490 | +€19,594 | +23.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.