Wouter Joos: 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 Joos
Largest movements
- Tangible fixed assets -€12,364
down €12,364 (-38.0%), from €32,519 to €20,155
of which Furniture and vehicles: -€10,375
- Cash -€7,129
down €7,129 (-73.7%), from €9,676 to €2,546
mainly Net result for the year (-€17,703) and Tax, wage and social debts (-€5,199)
- Receivables within one year -€5,146
down €5,146 (-16.5%), from €31,213 to €26,068
of which Trade receivables: -€9,048
- Profit (loss) carried forward -€17,703
down €17,703 (-232.0%), from -€7,631 to -€25,334
- Tax, wage and social debts -€5,199
down €5,199 (-71.7%), from €7,254 to €2,055
- Debts after one year -€3,451
down €3,451 (-42.0%), from €8,220 to €4,770
- Advances received +€1,573
new in 2025: €1,573
- Gross operating margin -€27,055
down €27,055, from €24,565 to -€2,490
- Financial charges -€1,851
down €1,851 (-55.6%), from €3,332 to €1,481
- Depreciation -€1,676
down €1,676 (-11.9%), from €14,040 to €12,364
- Taxes -€1,390
no longer reported in 2025 (was €1,390)
- Other operating charges +€672
up €672 (+84.9%), from €792 to €1,464
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 | €85,971 | €61,467 | -€24,504 | -28.5% |
| Fixed assets | 21/28 | €32,519 | €20,155 | -€12,364 | -38.0% |
| Tangible fixed assets | 22/27 | €32,519 | €20,155 | -€12,364 | -38.0% |
| Plant, machinery and equipment | 23 | €5,486 | €3,497 | -€1,989 | -36.3% |
| Furniture and vehicles | 24 | €27,033 | €16,658 | -€10,375 | -38.4% |
| Current assets | 29/58 | €53,452 | €41,312 | -€12,140 | -22.7% |
| Stocks and contracts in progress | 3 | €10,540 | €10,675 | +€135 | +1.3% |
| Stocks | 30/36 | €10,540 | €10,675 | +€135 | +1.3% |
| Amounts receivable within one year | 40/41 | €31,213 | €26,068 | -€5,146 | -16.5% |
| Trade receivables | 40 | €21,692 | €12,644 | -€9,048 | -41.7% |
| Other amounts receivable | 41 | €9,521 | €13,424 | +€3,902 | +41.0% |
| Current investments | 50/53 | €2,023 | €2,023 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €9,676 | €2,546 | -€7,129 | -73.7% |
| Total equity and liabilities | 10/49 | €85,971 | €61,467 | -€24,504 | -28.5% |
| Equity | 10/15 | €66,117 | €48,414 | -€17,703 | -26.8% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €55,156 | €55,156 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €9,284 | €9,284 | = | 0.0% |
| Distributable reserves | 133 | €44,013 | €44,013 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€7,631 | -€25,334 | -€17,703 | -232.0% |
| Amounts payable | 17/49 | €19,854 | €13,053 | -€6,801 | -34.3% |
| Amounts payable after more than one year | 17 | €8,220 | €4,770 | -€3,451 | -42.0% |
| Financial debts | 170/4 | €8,220 | €4,770 | -€3,451 | -42.0% |
| Amounts payable within one year | 42/48 | €10,601 | €7,079 | -€3,522 | -33.2% |
| Current portion of amounts payable after more than one year | 42 | €3,346 | €3,451 | +€105 | +3.1% |
| Advances received on contracts in progress | 46 | - | €1,573 | +€1,573 | |
| Taxes, remuneration and social security | 45 | €7,254 | €2,055 | -€5,199 | -71.7% |
| Taxes | 450/3 | €7,254 | €2,055 | -€5,199 | -71.7% |
| Accrued charges and deferred income | 492/3 | €1,033 | €1,204 | +€171 | +16.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,040 | €12,364 | -€1,676 | -11.9% |
| Other operating charges | 640/8 | €792 | €1,464 | +€672 | +84.9% |
| Gross operating margin | 9900 | €24,565 | -€2,490 | -€27,055 | |
| Operating profit (loss) | 9901 | €9,733 | -€16,318 | -€26,050 | |
| Financial income | 75/76B | €44 | €96 | +€52 | +118.4% |
| Recurring financial income | 75 | €44 | €96 | +€52 | +118.4% |
| Financial charges | 65/66B | €3,332 | €1,481 | -€1,851 | -55.6% |
| Recurring financial charges | 65 | €3,332 | €1,481 | -€1,851 | -55.6% |
| Profit (loss) for the period before taxes | 9903 | €6,445 | -€17,703 | -€24,147 | |
| Income taxes | 67/77 | €1,390 | - | -€1,390 | |
| Profit (loss) for the period | 9904 | €5,054 | -€17,703 | -€22,757 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,054 | -€17,703 | -€22,757 |
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 6 October 2026 via checked.be.