WOUTER CRETS: 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 CRETS
Largest movements
- Cash -€30,116
down €30,116 (-87.7%), from €34,340 to €4,224
mainly Trade debts (-€35,284) and Net result for the year (-€16,387)
- Deferred charges and accrued income -€21,097
no longer reported in 2024 (was €21,097)
- Receivables within one year +€5,687
up €5,687 (+94.7%), from €6,007 to €11,694
of which Other amounts receivable: +€4,539
- Tangible fixed assets -€5,549
down €5,549 (-43.3%), from €12,820 to €7,271
of which Furniture and vehicles: -€5,282
- Trade debts -€35,284
down €35,284 (-73.5%), from €48,024 to €12,740
- Profit (loss) carried forward -€16,387
down €16,387 (-72.2%), from -€22,693 to -€39,080
- Other debts +€10,004
up €10,004 (+55.5%), from €18,031 to €28,034
- Tax, wage and social debts -€9,407
down €9,407 (-95.6%), from €9,842 to €435
- Taxes -€12,979
down €12,979 (-98.3%), from €13,201 to €222
- Gross operating margin -€6,999
down €6,999 (-326.4%), from -€2,144 to -€9,143
- Depreciation -€1,865
down €1,865 (-25.8%), from €7,230 to €5,365
- Other operating charges -€1,745
down €1,745 (-53.2%), from €3,278 to €1,533
- Staff costs -€1,493
no longer reported in 2024 (was €1,493)
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €74,264 | €23,190 | -€51,074 | -68.8% |
| Fixed assets | 21/28 | €12,820 | €7,271 | -€5,549 | -43.3% |
| Tangible fixed assets | 22/27 | €12,820 | €7,271 | -€5,549 | -43.3% |
| Plant, machinery and equipment | 23 | €34 | - | -€34 | |
| Furniture and vehicles | 24 | €12,008 | €6,726 | -€5,282 | -44.0% |
| Other tangible fixed assets | 26 | €777 | €545 | -€232 | -29.8% |
| Current assets | 29/58 | €61,444 | €15,919 | -€45,526 | -74.1% |
| Amounts receivable within one year | 40/41 | €6,007 | €11,694 | +€5,687 | +94.7% |
| Trade receivables | 40 | €6,007 | €7,155 | +€1,148 | +19.1% |
| Other amounts receivable | 41 | - | €4,539 | +€4,539 | |
| Cash at bank and in hand | 54/58 | €34,340 | €4,224 | -€30,116 | -87.7% |
| Deferred charges and accrued income | 490/1 | €21,097 | - | -€21,097 | |
| Total equity and liabilities | 10/49 | €74,264 | €23,190 | -€51,074 | -68.8% |
| Equity | 10/15 | -€2,233 | -€18,620 | -€16,387 | -733.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Outside capital | 11 | €18,600 | - | -€18,600 | |
| Other | 1109/19 | €18,600 | - | -€18,600 | |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,693 | -€39,080 | -€16,387 | -72.2% |
| Amounts payable | 17/49 | €76,497 | €41,810 | -€34,688 | -45.3% |
| Amounts payable within one year | 42/48 | €75,897 | €41,210 | -€34,688 | -45.7% |
| Trade debts | 44 | €48,024 | €12,740 | -€35,284 | -73.5% |
| Suppliers | 440/4 | €48,024 | €12,740 | -€35,284 | -73.5% |
| Taxes, remuneration and social security | 45 | €9,842 | €435 | -€9,407 | -95.6% |
| Taxes | 450/3 | €9,842 | €435 | -€9,407 | -95.6% |
| Other amounts payable | 47/48 | €18,031 | €28,034 | +€10,004 | +55.5% |
| Accrued charges and deferred income | 492/3 | €600 | €600 | = | 0.0% |
| Non-recurring operating income | 76A | - | €1,142 | +€1,142 | |
| Remuneration, social security and pensions | 62 | €1,493 | - | -€1,493 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,230 | €5,365 | -€1,865 | -25.8% |
| Other operating charges | 640/8 | €3,278 | €1,533 | -€1,745 | -53.2% |
| Gross operating margin | 9900 | -€2,144 | -€9,143 | -€6,999 | -326.4% |
| Operating profit (loss) | 9901 | -€14,145 | -€16,042 | -€1,897 | -13.4% |
| Financial income | 75/76B | €0 | €1 | +€0 | +131.4% |
| Recurring financial income | 75 | €0 | €1 | +€0 | +131.4% |
| Financial charges | 65/66B | €96 | €124 | +€28 | +29.5% |
| Recurring financial charges | 65 | €96 | €124 | +€28 | +29.5% |
| Profit (loss) for the period before taxes | 9903 | -€14,240 | -€16,165 | -€1,925 | -13.5% |
| Income taxes | 67/77 | €13,201 | €222 | -€12,979 | -98.3% |
| Profit (loss) for the period | 9904 | -€27,441 | -€16,387 | +€11,055 | +40.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€27,441 | -€16,387 | +€11,055 | +40.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.