Wouter Missiaen: 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 Missiaen
Largest movements
- Receivables within one year +€4,022
up €4,022 (+4377.1%), from €92 to €4,114
- Tangible fixed assets +€654
up €654 (+57.5%), from €1,137 to €1,790
- Other debts +€5,862
up €5,862 (+14.3%), from €41,095 to €46,957
- Profit (loss) carried forward -€1,856
down €1,856 (-4.2%), from -€44,073 to -€45,929
- Tax, wage and social debts +€582
up €582 (+53.2%), from €1,095 to €1,677
- Trade debts +€507
new in 2025: €507
- Accrued charges and deferred income -€288
no longer reported in 2025 (was €288)
- Gross operating margin +€1,316
up €1,316 (+87.1%), from -€1,511 to -€195
- Depreciation +€469
up €469 (+47.3%), from €990 to €1,459
- Other operating charges -€251
down €251 (-55.9%), from €450 to €199
- Financial income +€197
new in 2025: €197
- Taxes -€100
down €100 (-48.9%), from €205 to €105
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 | €4,605 | €9,411 | +€4,806 | +104.4% |
| Fixed assets | 21/28 | €1,137 | €1,790 | +€654 | +57.5% |
| Tangible fixed assets | 22/27 | €1,137 | €1,790 | +€654 | +57.5% |
| Furniture and vehicles | 24 | €1,137 | €1,790 | +€654 | +57.5% |
| Current assets | 29/58 | €3,468 | €7,621 | +€4,153 | +119.7% |
| Amounts receivable within one year | 40/41 | €92 | €4,114 | +€4,022 | +4377.1% |
| Trade receivables | 40 | €92 | €4,114 | +€4,022 | +4377.1% |
| Cash at bank and in hand | 54/58 | €3,376 | €3,455 | +€79 | +2.3% |
| Deferred charges and accrued income | 490/1 | - | €52 | +€52 | |
| Total equity and liabilities | 10/49 | €4,605 | €9,411 | +€4,806 | +104.4% |
| Equity | 10/15 | -€37,873 | -€39,729 | -€1,856 | -4.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€44,073 | -€45,929 | -€1,856 | -4.2% |
| Amounts payable | 17/49 | €42,478 | €49,141 | +€6,662 | +15.7% |
| Amounts payable within one year | 42/48 | €42,190 | €49,141 | +€6,951 | +16.5% |
| Trade debts | 44 | - | €507 | +€507 | |
| Suppliers | 440/4 | - | €507 | +€507 | |
| Taxes, remuneration and social security | 45 | €1,095 | €1,677 | +€582 | +53.2% |
| Taxes | 450/3 | €1,095 | €1,677 | +€582 | +53.2% |
| Other amounts payable | 47/48 | €41,095 | €46,957 | +€5,862 | +14.3% |
| Accrued charges and deferred income | 492/3 | €288 | - | -€288 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €990 | €1,459 | +€469 | +47.3% |
| Other operating charges | 640/8 | €450 | €199 | -€251 | -55.9% |
| Gross operating margin | 9900 | -€1,511 | -€195 | +€1,316 | +87.1% |
| Operating profit (loss) | 9901 | -€2,951 | -€1,853 | +€1,098 | +37.2% |
| Financial income | 75/76B | - | €197 | +€197 | |
| Recurring financial income | 75 | - | €197 | +€197 | |
| Financial charges | 65/66B | €106 | €95 | -€10 | -9.8% |
| Recurring financial charges | 65 | €106 | €95 | -€10 | -9.8% |
| Profit (loss) for the period before taxes | 9903 | -€3,057 | -€1,751 | +€1,306 | +42.7% |
| Income taxes | 67/77 | €205 | €105 | -€100 | -48.9% |
| Profit (loss) for the period | 9904 | -€3,262 | -€1,856 | +€1,406 | +43.1% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,262 | -€1,856 | +€1,406 | +43.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.