WOUTER KINDT: 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 KINDT
Largest movements
- Cash +€22,538
up €22,538 (+1,185%), from €1,902 to €24,440
mainly Net result for the year (+€15,174) and Receivables after one year (+€8,492)
- Receivables after one year -€8,492
down €8,492 (-28.3%), from €30,000 to €21,508
- Receivables within one year +€3,856
up €3,856 (+57.2%), from €6,736 to €10,592
of which Trade receivables: +€3,902
- Profit (loss) carried forward +€15,174
up €15,174 (+35.6%), from €42,565 to €57,739
- Tax, wage and social debts +€1,267
up €1,267 (+27.1%), from €4,680 to €5,947
of which Taxes: +€3,765
- Trade debts +€961
up €961 (+120%), from €798 to €1,759
- Gross operating margin -€7,911
down €7,911 (-28.2%), from €28,085 to €20,174
- Financial income -€3,825
down €3,825 (-97.3%), from €3,931 to €106
- Taxes -€2,235
down €2,235 (-34.3%), from €6,524 to €4,289
- Financial charges -€1,039
down €1,039 (-86.9%), from €1,196 to €157
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €51,043 | €68,445 | +€17,402 | +34.1% |
| Formation expenses | 20 | €1,004 | €724 | -€280 | -27.9% |
| Fixed assets | 21/28 | €1,178 | €925 | -€252 | -21.4% |
| Tangible fixed assets | 22/27 | €1,178 | €925 | -€252 | -21.4% |
| Plant, machinery and equipment | 23 | €1,178 | €925 | -€252 | -21.4% |
| Current assets | 29/58 | €48,861 | €66,795 | +€17,934 | +36.7% |
| Amounts receivable after more than one year | 29 | €30,000 | €21,508 | -€8,492 | -28.3% |
| Other amounts receivable | 291 | €30,000 | €21,508 | -€8,492 | -28.3% |
| Amounts receivable within one year | 40/41 | €6,736 | €10,592 | +€3,856 | +57.2% |
| Trade receivables | 40 | €6,690 | €10,592 | +€3,902 | +58.3% |
| Other amounts receivable | 41 | €46 | - | -€46 | |
| Current investments | 50/53 | €10,000 | €10,022 | +€22 | +0.2% |
| Cash at bank and in hand | 54/58 | €1,902 | €24,440 | +€22,538 | +1,185% |
| Deferred charges and accrued income | 490/1 | €223 | €234 | +€10 | +4.6% |
| Total equity and liabilities | 10/49 | €51,043 | €68,445 | +€17,402 | +34.1% |
| Equity | 10/15 | €45,565 | €60,739 | +€15,174 | +33.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €42,565 | €57,739 | +€15,174 | +35.6% |
| Amounts payable | 17/49 | €5,478 | €7,706 | +€2,228 | +40.7% |
| Amounts payable within one year | 42/48 | €5,478 | €7,706 | +€2,228 | +40.7% |
| Trade debts | 44 | €798 | €1,759 | +€961 | +120% |
| Suppliers | 440/4 | €798 | €1,759 | +€961 | +120% |
| Taxes, remuneration and social security | 45 | €4,680 | €5,947 | +€1,267 | +27.1% |
| Taxes | 450/3 | €524 | €4,289 | +€3,765 | +719% |
| Remuneration and social security | 454/9 | €4,156 | €1,658 | -€2,498 | -60.1% |
| Non-recurring operating income | 76A | €30 | - | -€30 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €532 | +€168 | +46.1% |
| Other operating charges | 640/8 | €199 | €128 | -€71 | -35.8% |
| Gross operating margin | 9900 | €28,085 | €20,174 | -€7,911 | -28.2% |
| Operating profit (loss) | 9901 | €27,521 | €19,514 | -€8,008 | -29.1% |
| Financial income | 75/76B | €3,931 | €106 | -€3,825 | -97.3% |
| Recurring financial income | 75 | €3,931 | €106 | -€3,825 | -97.3% |
| Financial charges | 65/66B | €1,196 | €157 | -€1,039 | -86.9% |
| Recurring financial charges | 65 | €1,196 | €157 | -€1,039 | -86.9% |
| Profit (loss) for the period before taxes | 9903 | €30,257 | €19,463 | -€10,794 | -35.7% |
| Income taxes | 67/77 | €6,524 | €4,289 | -€2,235 | -34.3% |
| Profit (loss) for the period | 9904 | €23,733 | €15,174 | -€8,559 | -36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,733 | €15,174 | -€8,559 | -36.1% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.