WOUTER DE MUYNCK: 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.
WOUTER DE MUYNCK
Largest movements
- Cash +€101,792
up €101,792 (+57.7%), from €176,356 to €278,148
mainly Net result for the year (+€262,615) and Other debts (+€40,736)
- Profit (loss) carried forward +€162,615
up €162,615 (+28.8%), from €563,671 to €726,287
- Debts after one year -€100,000
down €100,000 (-15.4%), from €650,000 to €550,000
- Other debts +€40,736
up €40,736 (+404%), from €10,083 to €50,818
- Gross operating margin +€9,266
up €9,266 (+7.4%), from €124,893 to €134,160
- Financial income +€7,431
up €7,431 (+4.3%), from €172,511 to €179,942
- Taxes +€4,339
up €4,339 (+15.7%), from €27,632 to €31,971
- Depreciation +€1,748
up €1,748 (+19.2%), from €9,108 to €10,856
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 | €1,401,241 | €1,493,705 | +€92,464 | +6.6% |
| Fixed assets | 21/28 | €1,208,913 | €1,198,057 | -€10,856 | -0.9% |
| Tangible fixed assets | 22/27 | €42,623 | €31,767 | -€10,856 | -25.5% |
| Furniture and vehicles | 24 | €34,713 | €25,079 | -€9,634 | -27.8% |
| Other tangible fixed assets | 26 | €7,910 | €6,688 | -€1,222 | -15.4% |
| Financial fixed assets | 28 | €1,166,290 | €1,166,290 | = | 0.0% |
| Current assets | 29/58 | €192,328 | €295,648 | +€103,320 | +53.7% |
| Amounts receivable within one year | 40/41 | €15,972 | €17,500 | +€1,528 | +9.6% |
| Trade receivables | 40 | €15,972 | €17,500 | +€1,528 | +9.6% |
| Cash at bank and in hand | 54/58 | €176,356 | €278,148 | +€101,792 | +57.7% |
| Total equity and liabilities | 10/49 | €1,401,241 | €1,493,705 | +€92,464 | +6.6% |
| Equity | 10/15 | €618,671 | €781,287 | +€162,615 | +26.3% |
| Contributions | 10/11 | €55,000 | €55,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €563,671 | €726,287 | +€162,615 | +28.8% |
| Amounts payable | 17/49 | €782,570 | €712,419 | -€70,151 | -9.0% |
| Amounts payable after more than one year | 17 | €650,000 | €550,000 | -€100,000 | -15.4% |
| Financial debts | 170/4 | €650,000 | €550,000 | -€100,000 | -15.4% |
| Amounts payable within one year | 42/48 | €132,570 | €162,419 | +€29,849 | +22.5% |
| Current portion of amounts payable after more than one year | 42 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €1,147 | €646 | -€501 | -43.6% |
| Suppliers | 440/4 | €1,147 | €646 | -€501 | -43.6% |
| Taxes, remuneration and social security | 45 | €21,340 | €10,954 | -€10,386 | -48.7% |
| Taxes | 450/3 | €21,340 | €10,954 | -€10,386 | -48.7% |
| Other amounts payable | 47/48 | €10,083 | €50,818 | +€40,736 | +404% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,108 | €10,856 | +€1,748 | +19.2% |
| Other operating charges | 640/8 | €2,532 | €2,341 | -€192 | -7.6% |
| Gross operating margin | 9900 | €124,893 | €134,160 | +€9,266 | +7.4% |
| Operating profit (loss) | 9901 | €113,253 | €120,963 | +€7,710 | +6.8% |
| Financial income | 75/76B | €172,511 | €179,942 | +€7,431 | +4.3% |
| Recurring financial income | 75 | €172,511 | €179,942 | +€7,431 | +4.3% |
| Financial charges | 65/66B | €7,586 | €6,318 | -€1,268 | -16.7% |
| Recurring financial charges | 65 | €7,586 | €6,318 | -€1,268 | -16.7% |
| Profit (loss) for the period before taxes | 9903 | €278,178 | €294,586 | +€16,409 | +5.9% |
| Income taxes | 67/77 | €27,632 | €31,971 | +€4,339 | +15.7% |
| Profit (loss) for the period | 9904 | €250,546 | €262,615 | +€12,069 | +4.8% |
| Profit (loss) for the period to be appropriated | 9905 | €250,546 | €262,615 | +€12,069 | +4.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.