Wouter Claesen: 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.
Wouter Claesen
Largest movements
- Receivables within one year +€12,681
up €12,681 (+1607.6%), from €789 to €13,470
of which Trade receivables: +€7,594
- Financial fixed assets +€1,651
up €1,651 (+4.4%), from €37,882 to €39,534
- Deferred charges and accrued income -€1,286
down €1,286 (-100.0%), from €1,286 to €0
- Tangible fixed assets -€725
down €725 (-76.5%), from €947 to €222
- Profit (loss) carried forward +€8,000
up €8,000 (+29.2%), from €27,381 to €35,380
- Advances received +€5,943
up €5,943, from €0 to €5,943
- Current portion of long-term debt -€2,809
down €2,809 (-72.2%), from €3,889 to €1,081
- Short-term financial debts +€1,777
up €1,777 (+118.9%), from €1,495 to €3,272
- Other debts -€1,236
down €1,236 (-96.4%), from €1,282 to €46
- Gross operating margin -€24,998
down €24,998 (-76.9%), from €32,525 to €7,527
- Taxes -€9,210
down €9,210, from €6,823 to -€2,387
- Financial income +€918
up €918 (+394.2%), from €233 to €1,151
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 | €45,307 | €57,099 | +€11,792 | +26.0% |
| Fixed assets | 21/28 | €43,232 | €43,629 | +€397 | +0.9% |
| Intangible fixed assets | 21 | €4,403 | €3,873 | -€530 | -12.0% |
| Tangible fixed assets | 22/27 | €947 | €222 | -€725 | -76.5% |
| Furniture and vehicles | 24 | €947 | €222 | -€725 | -76.5% |
| Financial fixed assets | 28 | €37,882 | €39,534 | +€1,651 | +4.4% |
| Current assets | 29/58 | €2,075 | €13,470 | +€11,396 | +549.3% |
| Amounts receivable within one year | 40/41 | €789 | €13,470 | +€12,681 | +1607.6% |
| Trade receivables | 40 | €789 | €8,383 | +€7,594 | +962.7% |
| Other amounts receivable | 41 | - | €5,087 | +€5,087 | |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €1,286 | €0 | -€1,286 | -100.0% |
| Total equity and liabilities | 10/49 | €45,307 | €57,099 | +€11,792 | +26.0% |
| Equity | 10/15 | €29,881 | €37,880 | +€8,000 | +26.8% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €27,381 | €35,380 | +€8,000 | +29.2% |
| Amounts payable | 17/49 | €15,426 | €19,219 | +€3,793 | +24.6% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €15,426 | €19,219 | +€3,793 | +24.6% |
| Current portion of amounts payable after more than one year | 42 | €3,889 | €1,081 | -€2,809 | -72.2% |
| Financial debts | 43 | €1,495 | €3,272 | +€1,777 | +118.9% |
| Credit institutions | 430/8 | €1,495 | €3,272 | +€1,777 | +118.9% |
| Trade debts | 44 | €469 | €1,254 | +€785 | +167.3% |
| Suppliers | 440/4 | €469 | €1,254 | +€785 | +167.3% |
| Advances received on contracts in progress | 46 | €0 | €5,943 | +€5,943 | |
| Taxes, remuneration and social security | 45 | €8,290 | €7,623 | -€667 | -8.1% |
| Taxes | 450/3 | €8,290 | €7,623 | -€667 | -8.1% |
| Other amounts payable | 47/48 | €1,282 | €46 | -€1,236 | -96.4% |
| Non-recurring operating income | 76A | €754 | €0 | -€754 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,255 | €1,255 | = | 0.0% |
| Other operating charges | 640/8 | €574 | €601 | +€27 | +4.6% |
| Gross operating margin | 9900 | €32,525 | €7,527 | -€24,998 | -76.9% |
| Operating profit (loss) | 9901 | €30,696 | €5,672 | -€25,024 | -81.5% |
| Financial income | 75/76B | €233 | €1,151 | +€918 | +394.2% |
| Recurring financial income | 75 | €233 | €1,151 | +€918 | +394.2% |
| Financial charges | 65/66B | €424 | €500 | +€76 | +18.0% |
| Recurring financial charges | 65 | €424 | €500 | +€76 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €30,505 | €6,323 | -€24,182 | -79.3% |
| Income taxes | 67/77 | €6,823 | -€2,387 | -€9,210 | |
| Profit (loss) for the period | 9904 | €23,682 | €8,710 | -€14,972 | -63.2% |
| Profit (loss) for the period to be appropriated | 9905 | €23,682 | €8,710 | -€14,972 | -63.2% |
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 7 October 2026 via checked.be.