WOUT VAN DESSEL: 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.
WOUT VAN DESSEL
Largest movements
- Tangible fixed assets -€17,370
down €17,370 (-5.0%), from €345,980 to €328,610
of which Furniture and vehicles: -€10,876
- Current investments +€15,273
up €15,273 (+12.2%), from €125,324 to €140,597
- Reserves +€51,586
up €51,586 (+18.9%), from €272,567 to €324,153
- Debts after one year -€41,258
down €41,258 (-19.9%), from €207,188 to €165,930
- Gross operating margin -€10,627
down €10,627 (-8.2%), from €129,319 to €118,693
- Financial income +€7,851
up €7,851 (+212%), from €3,701 to €11,552
of which Non-recurring financial income: +€4,887
- Depreciation +€1,867
up €1,867 (+5.4%), from €34,622 to €36,489
- Write-downs -€1,500
no longer reported in 2025 (was €1,500)
- Taxes +€1,385
up €1,385 (+5.3%), from €26,267 to €27,653
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 | €578,738 | €584,682 | +€5,944 | +1.0% |
| Fixed assets | 21/28 | €345,980 | €328,610 | -€17,370 | -5.0% |
| Tangible fixed assets | 22/27 | €345,980 | €328,610 | -€17,370 | -5.0% |
| Land and buildings | 22 | €281,577 | €276,745 | -€4,833 | -1.7% |
| Plant, machinery and equipment | 23 | €3,915 | €2,254 | -€1,661 | -42.4% |
| Furniture and vehicles | 24 | €60,488 | €49,612 | -€10,876 | -18.0% |
| Current assets | 29/58 | €232,758 | €256,072 | +€23,315 | +10.0% |
| Amounts receivable after more than one year | 29 | €22,000 | €22,000 | = | 0.0% |
| Trade receivables | 290 | €12,000 | €12,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €10,407 | €13,956 | +€3,550 | +34.1% |
| Trade receivables | 40 | €10,407 | €13,956 | +€3,550 | +34.1% |
| Current investments | 50/53 | €125,324 | €140,597 | +€15,273 | +12.2% |
| Cash at bank and in hand | 54/58 | €71,567 | €76,586 | +€5,019 | +7.0% |
| Deferred charges and accrued income | 490/1 | €3,460 | €2,933 | -€527 | -15.2% |
| Total equity and liabilities | 10/49 | €578,738 | €584,682 | +€5,944 | +1.0% |
| Equity | 10/15 | €291,567 | €343,153 | +€51,586 | +17.7% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €272,567 | €324,153 | +€51,586 | +18.9% |
| Distributable reserves | 133 | €272,567 | €324,153 | +€51,586 | +18.9% |
| Amounts payable | 17/49 | €287,170 | €241,529 | -€45,642 | -15.9% |
| Amounts payable after more than one year | 17 | €207,188 | €165,930 | -€41,258 | -19.9% |
| Financial debts | 170/4 | €207,188 | €165,930 | -€41,258 | -19.9% |
| Amounts payable within one year | 42/48 | €79,352 | €74,968 | -€4,384 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €39,665 | €41,258 | +€1,593 | +4.0% |
| Trade debts | 44 | €8,332 | €2,822 | -€5,510 | -66.1% |
| Suppliers | 440/4 | €8,332 | €2,822 | -€5,510 | -66.1% |
| Taxes, remuneration and social security | 45 | €21,858 | €20,958 | -€900 | -4.1% |
| Taxes | 450/3 | €21,858 | €20,958 | -€900 | -4.1% |
| Other amounts payable | 47/48 | €9,497 | €9,930 | +€433 | +4.6% |
| Accrued charges and deferred income | 492/3 | €630 | €630 | = | 0.0% |
| Non-recurring operating income | 76A | €23,000 | - | -€23,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,622 | €36,489 | +€1,867 | +5.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,500 | - | -€1,500 | |
| Other operating charges | 640/8 | €4,963 | €3,673 | -€1,290 | -26.0% |
| Non-recurring operating charges | 66A | €19,710 | - | -€19,710 | |
| Gross operating margin | 9900 | €129,319 | €118,693 | -€10,627 | -8.2% |
| Operating profit (loss) | 9901 | €68,524 | €78,531 | +€10,007 | +14.6% |
| Financial income | 75/76B | €3,701 | €11,552 | +€7,851 | +212% |
| Recurring financial income | 75 | €3,701 | €6,665 | +€2,964 | +80.1% |
| Non-recurring financial income | 76B | - | €4,887 | +€4,887 | |
| Financial charges | 65/66B | €10,040 | €10,844 | +€804 | +8.0% |
| Recurring financial charges | 65 | €10,040 | €10,844 | +€804 | +8.0% |
| Profit (loss) for the period before taxes | 9903 | €62,185 | €79,239 | +€17,054 | +27.4% |
| Income taxes | 67/77 | €26,267 | €27,653 | +€1,385 | +5.3% |
| Profit (loss) for the period | 9904 | €35,918 | €51,586 | +€15,668 | +43.6% |
| Profit (loss) for the period to be appropriated | 9905 | €35,918 | €51,586 | +€15,668 | +43.6% |
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 25 October 2026 via checked.be.