WITVER: 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.
WITVER
Largest movements
- Tangible fixed assets -€60,519
down €60,519 (-13.0%), from €465,539 to €405,020
of which Plant, machinery and equipment: -€52,904
- Cash +€18,689
up €18,689 (+55.7%), from €33,582 to €52,271
mainly Depreciation (+€60,519) and Net result for the year (+€13,999)
- Other debts -€42,167
down €42,167 (-15.1%), from €278,746 to €236,579
- Trade debts -€16,264
down €16,264 (-22.0%), from €73,840 to €57,576
- Reserves +€13,999
up €13,999 (+27.3%), from €51,315 to €65,314
- Debts after one year +€12,218
up €12,218 (+51.4%), from €23,753 to €35,971
- Tax, wage and social debts -€9,689
down €9,689 (-18.4%), from €52,788 to €43,099
of which Taxes: -€5,793
- Gross operating margin -€14,168
down €14,168 (-4.1%), from €347,664 to €333,495
- Staff costs -€4,436
down €4,436 (-1.8%), from €243,342 to €238,906
- Depreciation +€3,505
up €3,505 (+6.1%), from €57,014 to €60,519
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 | €519,644 | €475,825 | -€43,819 | -8.4% |
| Fixed assets | 21/28 | €465,540 | €405,246 | -€60,294 | -13.0% |
| Intangible fixed assets | 21 | €1 | €1 | -€0 | -11.9% |
| Tangible fixed assets | 22/27 | €465,539 | €405,020 | -€60,519 | -13.0% |
| Plant, machinery and equipment | 23 | €440,524 | €387,620 | -€52,904 | -12.0% |
| Furniture and vehicles | 24 | €8,719 | €5,810 | -€2,909 | -33.4% |
| Other tangible fixed assets | 26 | €16,296 | €11,591 | -€4,706 | -28.9% |
| Financial fixed assets | 28 | - | €225 | +€225 | |
| Current assets | 29/58 | €54,104 | €70,579 | +€16,475 | +30.5% |
| Stocks and contracts in progress | 3 | €6,322 | €5,041 | -€1,281 | -20.3% |
| Stocks | 30/36 | €6,322 | €5,041 | -€1,281 | -20.3% |
| Amounts receivable within one year | 40/41 | €11,512 | €13,028 | +€1,516 | +13.2% |
| Trade receivables | 40 | €693 | €2,974 | +€2,281 | +329.1% |
| Other amounts receivable | 41 | €10,819 | €10,055 | -€765 | -7.1% |
| Cash at bank and in hand | 54/58 | €33,582 | €52,271 | +€18,689 | +55.7% |
| Deferred charges and accrued income | 490/1 | €2,688 | €239 | -€2,449 | -91.1% |
| Total equity and liabilities | 10/49 | €519,644 | €475,825 | -€43,819 | -8.4% |
| Equity | 10/15 | €52,315 | €66,314 | +€13,999 | +26.8% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €51,315 | €65,314 | +€13,999 | +27.3% |
| Distributable reserves | 133 | €51,315 | €65,314 | +€13,999 | +27.3% |
| Amounts payable | 17/49 | €467,329 | €409,511 | -€57,818 | -12.4% |
| Amounts payable after more than one year | 17 | €23,753 | €35,971 | +€12,218 | +51.4% |
| Financial debts | 170/4 | €23,753 | €35,971 | +€12,218 | +51.4% |
| Amounts payable within one year | 42/48 | €436,998 | €370,448 | -€66,550 | -15.2% |
| Current portion of amounts payable after more than one year | 42 | €31,624 | €33,195 | +€1,570 | +5.0% |
| Trade debts | 44 | €73,840 | €57,576 | -€16,264 | -22.0% |
| Suppliers | 440/4 | €73,840 | €57,576 | -€16,264 | -22.0% |
| Taxes, remuneration and social security | 45 | €52,788 | €43,099 | -€9,689 | -18.4% |
| Taxes | 450/3 | €22,819 | €17,027 | -€5,793 | -25.4% |
| Remuneration and social security | 454/9 | €29,968 | €26,072 | -€3,896 | -13.0% |
| Other amounts payable | 47/48 | €278,746 | €236,579 | -€42,167 | -15.1% |
| Accrued charges and deferred income | 492/3 | €6,578 | €3,091 | -€3,486 | -53.0% |
| Remuneration, social security and pensions | 62 | €243,342 | €238,906 | -€4,436 | -1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,014 | €60,519 | +€3,505 | +6.1% |
| Other operating charges | 640/8 | €5,398 | €4,958 | -€440 | -8.2% |
| Gross operating margin | 9900 | €347,664 | €333,495 | -€14,168 | -4.1% |
| Operating profit (loss) | 9901 | €41,909 | €29,112 | -€12,798 | -30.5% |
| Financial income | 75/76B | €99 | €555 | +€455 | +459.5% |
| Recurring financial income | 75 | €99 | €555 | +€455 | +459.5% |
| Financial charges | 65/66B | €9,898 | €8,548 | -€1,350 | -13.6% |
| Recurring financial charges | 65 | €9,898 | €8,548 | -€1,350 | -13.6% |
| Profit (loss) for the period before taxes | 9903 | €32,110 | €21,118 | -€10,992 | -34.2% |
| Income taxes | 67/77 | €9,057 | €7,119 | -€1,938 | -21.4% |
| Profit (loss) for the period | 9904 | €23,053 | €13,999 | -€9,054 | -39.3% |
| Profit (loss) for the period to be appropriated | 9905 | €23,053 | €13,999 | -€9,054 | -39.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.