WOUTER VEHENT: 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 VEHENT
Largest movements
- Cash +€474,319
up €474,319 (+144%), from €328,807 to €803,126
mainly Current investments (+€396,793) and Net result for the year (+€173,852)
- Current investments -€396,793
down €396,793 (-54.8%), from €723,540 to €326,747
- Tangible fixed assets -€40,409
down €40,409 (-9.2%), from €441,092 to €400,683
of which Land and buildings: -€25,219
- Receivables within one year +€39,400
up €39,400 (+75.4%), from €52,279 to €91,679
- Reserves +€86,925
up €86,925 (+8.8%), from €987,694 to €1.1m
of which Distributable reserves: +€86,925
- Debts after one year -€28,996
down €28,996 (-17.4%), from €166,268 to €137,272
- Financial income -€46,803
down €46,803 (-66.6%), from €70,266 to €23,463
- Gross operating margin +€19,177
up €19,177 (+7.1%), from €269,004 to €288,182
- Financial charges +€7,499
up €7,499 (+81.3%), from €9,227 to €16,726
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.
Derived cash bridge
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 | €1,928,105 | €2,004,252 | +€76,147 | +3.9% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €816,338 | €775,929 | -€40,409 | -5.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €441,092 | €400,683 | -€40,409 | -9.2% |
| Land and buildings | 22 | €402,055 | €376,836 | -€25,219 | -6.3% |
| Plant, machinery and equipment | 23 | €20,925 | €16,000 | -€4,925 | -23.5% |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Leasing and similar rights | 25 | €18,111 | €7,846 | -€10,265 | -56.7% |
| Financial fixed assets | 28 | €375,246 | €375,246 | = | 0.0% |
| Current assets | 29/58 | €1,111,767 | €1,228,323 | +€116,556 | +10.5% |
| Amounts receivable within one year | 40/41 | €52,279 | €91,679 | +€39,400 | +75.4% |
| Trade receivables | 40 | €52,279 | €91,679 | +€39,400 | +75.4% |
| Current investments | 50/53 | €723,540 | €326,747 | -€396,793 | -54.8% |
| Cash at bank and in hand | 54/58 | €328,807 | €803,126 | +€474,319 | +144% |
| Deferred charges and accrued income | 490/1 | €7,140 | €6,770 | -€370 | -5.2% |
| Total equity and liabilities | 10/49 | €1,928,105 | €2,004,252 | +€76,147 | +3.9% |
| Equity | 10/15 | €1,593,325 | €1,680,250 | +€86,925 | +5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Revaluation surpluses | 12 | €587,031 | €587,031 | = | 0.0% |
| Reserves | 13 | €987,694 | €1,074,619 | +€86,925 | +8.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €985,834 | €1,072,759 | +€86,925 | +8.8% |
| Amounts payable | 17/49 | €334,780 | €324,002 | -€10,778 | -3.2% |
| Amounts payable after more than one year | 17 | €166,268 | €137,272 | -€28,996 | -17.4% |
| Financial debts | 170/4 | €166,268 | €137,272 | -€28,996 | -17.4% |
| Amounts payable within one year | 42/48 | €163,585 | €173,844 | +€10,259 | +6.3% |
| Current portion of amounts payable after more than one year | 42 | €30,529 | €28,996 | -€1,533 | -5.0% |
| Trade debts | 44 | €1,020 | €1,887 | +€867 | +85.0% |
| Suppliers | 440/4 | €1,020 | €1,887 | +€867 | +85.0% |
| Taxes, remuneration and social security | 45 | €3,255 | €3,959 | +€704 | +21.6% |
| Taxes | 450/3 | €3,255 | €3,959 | +€704 | +21.6% |
| Other amounts payable | 47/48 | €128,780 | €139,002 | +€10,221 | +7.9% |
| Accrued charges and deferred income | 492/3 | €4,927 | €12,886 | +€7,959 | +162% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,512 | €40,409 | -€103 | -0.3% |
| Other operating charges | 640/8 | €5,729 | €5,396 | -€333 | -5.8% |
| Gross operating margin | 9900 | €269,004 | €288,182 | +€19,177 | +7.1% |
| Operating profit (loss) | 9901 | €222,763 | €242,377 | +€19,614 | +8.8% |
| Financial income | 75/76B | €70,266 | €23,463 | -€46,803 | -66.6% |
| Recurring financial income | 75 | €70,266 | €23,463 | -€46,803 | -66.6% |
| Financial charges | 65/66B | €9,227 | €16,726 | +€7,499 | +81.3% |
| Recurring financial charges | 65 | €9,227 | €16,726 | +€7,499 | +81.3% |
| Profit (loss) for the period before taxes | 9903 | €283,801 | €249,114 | -€34,688 | -12.2% |
| Income taxes | 67/77 | €75,752 | €75,262 | -€490 | -0.6% |
| Profit (loss) for the period | 9904 | €208,050 | €173,852 | -€34,198 | -16.4% |
| Profit (loss) for the period to be appropriated | 9905 | €208,050 | €173,852 | -€34,198 | -16.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.