WOUTER VAN DAELE: 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 VAN DAELE
Largest movements
- Current investments +€328,144
up €328,144 (+18.0%), from €1.8m to €2.2m
- Receivables within one year -€40,606
down €40,606 (-28.7%), from €141,335 to €100,729
of which Other amounts receivable: -€26,305
- Reserves +€306,663
up €306,663 (+16.6%), from €1.8m to €2.2m
of which Distributable reserves: +€306,663
- Trade debts -€37,678
down €37,678 (-54.0%), from €69,724 to €32,046
- Financial income +€206,737
up €206,737 (+1172.8%), from €17,627 to €224,364
of which Non-recurring financial income: +€184,081
- Taxes +€30,014
up €30,014 (+59.7%), from €50,242 to €80,257
- Gross operating margin +€16,648
up €16,648 (+8.5%), from €196,784 to €213,432
- Financial charges -€10,230
down €10,230 (-36.0%), from €28,406 to €18,175
of which Non-recurring financial charges: -€8,857
- Depreciation +€4,282
up €4,282 (+17.7%), from €24,210 to €28,492
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 | €2,181,414 | €2,472,660 | +€291,246 | +13.4% |
| Fixed assets | 21/28 | €120,907 | €110,728 | -€10,179 | -8.4% |
| Tangible fixed assets | 22/27 | €120,892 | €110,713 | -€10,179 | -8.4% |
| Land and buildings | 22 | €9,562 | €8,758 | -€804 | -8.4% |
| Plant, machinery and equipment | 23 | €20,319 | €16,983 | -€3,337 | -16.4% |
| Furniture and vehicles | 24 | €91,010 | €84,973 | -€6,038 | -6.6% |
| Financial fixed assets | 28 | €15 | €15 | = | 0.0% |
| Current assets | 29/58 | €2,060,507 | €2,361,932 | +€301,425 | +14.6% |
| Stocks and contracts in progress | 3 | €52,832 | €63,183 | +€10,350 | +19.6% |
| Stocks | 30/36 | €10,002 | €12,583 | +€2,581 | +25.8% |
| Contracts in progress | 37 | €42,830 | €50,600 | +€7,770 | +18.1% |
| Amounts receivable within one year | 40/41 | €141,335 | €100,729 | -€40,606 | -28.7% |
| Trade receivables | 40 | €109,950 | €95,649 | -€14,301 | -13.0% |
| Other amounts receivable | 41 | €31,385 | €5,079 | -€26,305 | -83.8% |
| Current investments | 50/53 | €1,827,130 | €2,155,274 | +€328,144 | +18.0% |
| Cash at bank and in hand | 54/58 | €36,419 | €39,851 | +€3,432 | +9.4% |
| Deferred charges and accrued income | 490/1 | €2,791 | €2,897 | +€106 | +3.8% |
| Total equity and liabilities | 10/49 | €2,181,414 | €2,472,660 | +€291,246 | +13.4% |
| Equity | 10/15 | €1,862,977 | €2,168,781 | +€305,804 | +16.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,843,367 | €2,150,031 | +€306,663 | +16.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €1,804,007 | €2,110,671 | +€306,663 | +17.0% |
| Profit (loss) carried forward | 14 | €1,009 | €150 | -€859 | -85.1% |
| Amounts payable | 17/49 | €318,437 | €303,879 | -€14,558 | -4.6% |
| Amounts payable within one year | 42/48 | €318,437 | €303,879 | -€14,558 | -4.6% |
| Trade debts | 44 | €69,724 | €32,046 | -€37,678 | -54.0% |
| Suppliers | 440/4 | €69,724 | €32,046 | -€37,678 | -54.0% |
| Taxes, remuneration and social security | 45 | €6,758 | €11,948 | +€5,190 | +76.8% |
| Taxes | 450/3 | €5,608 | €11,948 | +€6,340 | +113.0% |
| Remuneration and social security | 454/9 | €1,150 | - | -€1,150 | |
| Other amounts payable | 47/48 | €241,955 | €259,885 | +€17,930 | +7.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,210 | €28,492 | +€4,282 | +17.7% |
| Other operating charges | 640/8 | €1,700 | €4,209 | +€2,509 | +147.6% |
| Gross operating margin | 9900 | €196,784 | €213,432 | +€16,648 | +8.5% |
| Operating profit (loss) | 9901 | €170,875 | €180,731 | +€9,856 | +5.8% |
| Financial income | 75/76B | €17,627 | €224,364 | +€206,737 | +1172.8% |
| Recurring financial income | 75 | €17,627 | €40,284 | +€22,656 | +128.5% |
| Non-recurring financial income | 76B | - | €184,081 | +€184,081 | |
| Financial charges | 65/66B | €28,406 | €18,175 | -€10,230 | -36.0% |
| Recurring financial charges | 65 | €19,548 | €18,175 | -€1,373 | -7.0% |
| Non-recurring financial charges | 66B | €8,857 | - | -€8,857 | |
| Profit (loss) for the period before taxes | 9903 | €160,096 | €386,920 | +€226,824 | +141.7% |
| Income taxes | 67/77 | €50,242 | €80,257 | +€30,014 | +59.7% |
| Profit (loss) for the period | 9904 | €109,854 | €306,663 | +€196,810 | +179.2% |
| Profit (loss) for the period to be appropriated | 9905 | €109,854 | €306,663 | +€196,810 | +179.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.