WOORD VAN TROOST: 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.
WOORD VAN TROOST
Largest movements
- Tangible fixed assets -€34,304
down €34,304 (-5.9%), from €577,226 to €542,923
of which Land and buildings: -€34,122
- Cash +€18,491
up €18,491 (+17.0%), from €108,697 to €127,188
mainly Net result for the year (+€75,041) and Depreciation (+€55,930)
- Receivables within one year +€13,916
up €13,916 (+13.3%), from €104,529 to €118,444
of which Trade receivables: +€13,916
- Other debts -€50,450
down €50,450 (-73.7%), from €68,457 to €18,007
- Debts after one year -€39,195
down €39,195 (-13.3%), from €294,284 to €255,089
- Reserves +€37,521
new in 2025: €37,521
- Profit (loss) carried forward +€37,521
up €37,521 (+10.5%), from €357,055 to €394,576
- Tax, wage and social debts +€10,930
up €10,930 (+47.8%), from €22,858 to €33,788
- Depreciation +€22,108
up €22,108 (+65.4%), from €33,822 to €55,930
- Gross operating margin +€20,256
up €20,256 (+14.6%), from €138,953 to €159,210
- Taxes +€2,449
up €2,449 (+11.6%), from €21,146 to €23,595
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 | €791,762 | €788,642 | -€3,119 | -0.4% |
| Fixed assets | 21/28 | €577,226 | €542,923 | -€34,304 | -5.9% |
| Tangible fixed assets | 22/27 | €577,226 | €542,923 | -€34,304 | -5.9% |
| Land and buildings | 22 | €577,044 | €542,923 | -€34,122 | -5.9% |
| Furniture and vehicles | 24 | €182 | - | -€182 | |
| Current assets | 29/58 | €214,535 | €245,720 | +€31,184 | +14.5% |
| Amounts receivable within one year | 40/41 | €104,529 | €118,444 | +€13,916 | +13.3% |
| Trade receivables | 40 | €100,593 | €114,509 | +€13,916 | +13.8% |
| Other amounts receivable | 41 | €3,935 | €3,935 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €108,697 | €127,188 | +€18,491 | +17.0% |
| Deferred charges and accrued income | 490/1 | €1,310 | €88 | -€1,222 | -93.3% |
| Total equity and liabilities | 10/49 | €791,762 | €788,642 | -€3,119 | -0.4% |
| Equity | 10/15 | €362,055 | €437,096 | +€75,041 | +20.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | - | €37,521 | +€37,521 | |
| Tax-exempt reserves | 132 | - | €37,521 | +€37,521 | |
| Profit (loss) carried forward | 14 | €357,055 | €394,576 | +€37,521 | +10.5% |
| Amounts payable | 17/49 | €429,707 | €351,546 | -€78,161 | -18.2% |
| Amounts payable after more than one year | 17 | €294,284 | €255,089 | -€39,195 | -13.3% |
| Financial debts | 170/4 | €294,284 | €255,089 | -€39,195 | -13.3% |
| Amounts payable within one year | 42/48 | €135,423 | €96,457 | -€38,966 | -28.8% |
| Current portion of amounts payable after more than one year | 42 | €38,753 | €39,195 | +€442 | +1.1% |
| Trade debts | 44 | €5,356 | €5,467 | +€112 | +2.1% |
| Suppliers | 440/4 | €5,356 | €5,467 | +€112 | +2.1% |
| Taxes, remuneration and social security | 45 | €22,858 | €33,788 | +€10,930 | +47.8% |
| Taxes | 450/3 | €22,858 | €33,788 | +€10,930 | +47.8% |
| Other amounts payable | 47/48 | €68,457 | €18,007 | -€50,450 | -73.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,822 | €55,930 | +€22,108 | +65.4% |
| Other operating charges | 640/8 | - | €1,003 | +€1,003 | |
| Gross operating margin | 9900 | €138,953 | €159,210 | +€20,256 | +14.6% |
| Operating profit (loss) | 9901 | €105,131 | €102,277 | -€2,854 | -2.7% |
| Financial income | 75/76B | €300 | €356 | +€56 | +18.7% |
| Recurring financial income | 75 | €300 | €356 | +€56 | +18.7% |
| Financial charges | 65/66B | €4,753 | €3,997 | -€755 | -15.9% |
| Recurring financial charges | 65 | €4,753 | €3,997 | -€755 | -15.9% |
| Profit (loss) for the period before taxes | 9903 | €100,678 | €98,636 | -€2,042 | -2.0% |
| Income taxes | 67/77 | €21,146 | €23,595 | +€2,449 | +11.6% |
| Profit (loss) for the period | 9904 | €79,532 | €75,041 | -€4,491 | -5.6% |
| Transfer to tax-exempt reserves | 689 | - | €37,521 | +€37,521 | |
| Profit (loss) for the period to be appropriated | 9905 | €79,532 | €37,521 | -€42,011 | -52.8% |
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 9 October 2026 via checked.be.