WOUTER LEUS: 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 LEUS
Largest movements
- Receivables within one year +€218,096
up €218,096 (+19.7%), from €1.1m to €1.3m
of which Trade receivables: +€121,592
- Cash -€34,790
down €34,790 (-14.2%), from €245,520 to €210,730
mainly Receivables within one year (-€218,096) and Trade debts (-€76,040)
- Reserves +€258,424
up €258,424 (+53.4%), from €483,568 to €741,992
of which Distributable reserves: +€263,336
- Trade debts -€76,040
down €76,040 (-14.4%), from €526,726 to €450,686
- Tax, wage and social debts +€33,042
up €33,042 (+23.7%), from €139,455 to €172,497
of which Taxes: +€69,969
- Current portion of long-term debt -€22,596
down €22,596 (-100%), from €22,596 to €0
- Gross operating margin +€220,103
up €220,103 (+24.4%), from €902,455 to €1.1m
- Taxes +€45,063
up €45,063 (+74.4%), from €60,599 to €105,662
- Staff costs +€17,172
up €17,172 (+2.4%), from €701,334 to €718,506
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.
Derived cash bridge
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 | €1,464,489 | €1,647,686 | +€183,197 | +12.5% |
| Fixed assets | 21/28 | €109,168 | €113,486 | +€4,318 | +4.0% |
| Tangible fixed assets | 22/27 | €106,618 | €110,936 | +€4,318 | +4.1% |
| Land and buildings | 22 | €42,854 | €49,675 | +€6,820 | +15.9% |
| Plant, machinery and equipment | 23 | - | €5,671 | +€5,671 | |
| Furniture and vehicles | 24 | €15,250 | €14,171 | -€1,079 | -7.1% |
| Other tangible fixed assets | 26 | €48,514 | €41,419 | -€7,095 | -14.6% |
| Financial fixed assets | 28 | €2,550 | €2,550 | = | 0.0% |
| Current assets | 29/58 | €1,355,321 | €1,534,199 | +€178,879 | +13.2% |
| Amounts receivable within one year | 40/41 | €1,105,374 | €1,323,470 | +€218,096 | +19.7% |
| Trade receivables | 40 | €1,023,604 | €1,145,196 | +€121,592 | +11.9% |
| Other amounts receivable | 41 | €81,770 | €178,274 | +€96,504 | +118% |
| Cash at bank and in hand | 54/58 | €245,520 | €210,730 | -€34,790 | -14.2% |
| Deferred charges and accrued income | 490/1 | €4,427 | €0 | -€4,427 | -100% |
| Total equity and liabilities | 10/49 | €1,464,489 | €1,647,686 | +€183,197 | +12.5% |
| Equity | 10/15 | €489,768 | €748,192 | +€258,424 | +52.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €483,568 | €741,992 | +€258,424 | +53.4% |
| Non-distributable reserves | 130/1 | €4,912 | €0 | -€4,912 | -100% |
| Reserves not available under the articles | 1311 | €4,912 | €0 | -€4,912 | -100% |
| Distributable reserves | 133 | €478,656 | €741,992 | +€263,336 | +55.0% |
| Amounts payable | 17/49 | €974,720 | €899,494 | -€75,227 | -7.7% |
| Amounts payable within one year | 42/48 | €974,720 | €899,494 | -€75,227 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €22,596 | €0 | -€22,596 | -100% |
| Financial debts | 43 | €1,500 | €0 | -€1,500 | -100% |
| Other loans | 439 | €1,500 | €0 | -€1,500 | -100% |
| Trade debts | 44 | €526,726 | €450,686 | -€76,040 | -14.4% |
| Suppliers | 440/4 | €526,726 | €450,686 | -€76,040 | -14.4% |
| Advances received on contracts in progress | 46 | €154,785 | €146,747 | -€8,038 | -5.2% |
| Taxes, remuneration and social security | 45 | €139,455 | €172,497 | +€33,042 | +23.7% |
| Taxes | 450/3 | €28,562 | €98,531 | +€69,969 | +245% |
| Remuneration and social security | 454/9 | €110,893 | €73,966 | -€36,927 | -33.3% |
| Other amounts payable | 47/48 | €129,658 | €129,563 | -€94 | -0.1% |
| Remuneration, social security and pensions | 62 | €701,334 | €718,506 | +€17,172 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,493 | €26,411 | +€1,918 | +7.8% |
| Other operating charges | 640/8 | €4,376 | €5,476 | +€1,101 | +25.2% |
| Gross operating margin | 9900 | €902,455 | €1,122,557 | +€220,103 | +24.4% |
| Operating profit (loss) | 9901 | €172,252 | €372,164 | +€199,911 | +116% |
| Financial income | 75/76B | €858 | €1,377 | +€518 | +60.4% |
| Recurring financial income | 75 | €858 | €1,377 | +€518 | +60.4% |
| Financial charges | 65/66B | €7,056 | €9,455 | +€2,400 | +34.0% |
| Recurring financial charges | 65 | €7,056 | €9,455 | +€2,400 | +34.0% |
| Profit (loss) for the period before taxes | 9903 | €166,055 | €364,085 | +€198,030 | +119% |
| Income taxes | 67/77 | €60,599 | €105,662 | +€45,063 | +74.4% |
| Profit (loss) for the period | 9904 | €105,456 | €258,424 | +€152,967 | +145% |
| Profit (loss) for the period to be appropriated | 9905 | €105,456 | €258,424 | +€152,967 | +145% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.