WOUTER VILLETTE: 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 VILLETTE
Largest movements
- Current investments -€1.4m
down €1.4m (-70.7%), from €1.9m to €570,234
- Cash +€304,482
up €304,482 (+565.3%), from €53,862 to €358,343
mainly Current investments (+€1.4m) and Receivables within one year (+€168,099)
- Receivables within one year -€168,099
down €168,099 (-84.4%), from €199,207 to €31,108
- Reserves -€1.3m
down €1.3m (-52.2%), from €2.5m to €1.2m
- Other debts +€124,812
up €124,812 (+573.9%), from €21,749 to €146,561
- Tax, wage and social debts -€71,559
down €71,559 (-71.6%), from €99,878 to €28,319
- Gross operating margin -€565,843
down €565,843 (-77.9%), from €726,150 to €160,307
- Taxes -€207,344
down €207,344 (-83.5%), from €248,171 to €40,827
- Financial income -€36,508
down €36,508 (-34.1%), from €107,164 to €70,656
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 | €2,844,982 | €1,605,290 | -€1.2m | -43.6% |
| Fixed assets | 21/28 | €640,990 | €641,720 | +€730 | +0.1% |
| Tangible fixed assets | 22/27 | €640,990 | €641,720 | +€730 | +0.1% |
| Land and buildings | 22 | €599,910 | €617,319 | +€17,409 | +2.9% |
| Plant, machinery and equipment | 23 | €12,000 | €16,132 | +€4,132 | +34.4% |
| Furniture and vehicles | 24 | €23,841 | €4,771 | -€19,070 | -80.0% |
| Other tangible fixed assets | 26 | €5,239 | €3,497 | -€1,742 | -33.2% |
| Current assets | 29/58 | €2,203,992 | €963,570 | -€1.2m | -56.3% |
| Amounts receivable within one year | 40/41 | €199,207 | €31,108 | -€168,099 | -84.4% |
| Trade receivables | 40 | €199,207 | €31,108 | -€168,099 | -84.4% |
| Current investments | 50/53 | €1,944,773 | €570,234 | -€1.4m | -70.7% |
| Cash at bank and in hand | 54/58 | €53,862 | €358,343 | +€304,482 | +565.3% |
| Deferred charges and accrued income | 490/1 | €6,149 | €3,884 | -€2,265 | -36.8% |
| Total equity and liabilities | 10/49 | €2,844,982 | €1,605,290 | -€1.2m | -43.6% |
| Equity | 10/15 | €2,719,585 | €1,418,343 | -€1.3m | -47.8% |
| Contributions | 10/11 | €228,300 | €228,300 | = | 0.0% |
| Reserves | 13 | €2,491,285 | €1,190,043 | -€1.3m | -52.2% |
| Distributable reserves | 133 | €2,491,285 | €1,190,043 | -€1.3m | -52.2% |
| Amounts payable | 17/49 | €125,397 | €186,947 | +€61,550 | +49.1% |
| Amounts payable within one year | 42/48 | €125,397 | €175,925 | +€50,528 | +40.3% |
| Trade debts | 44 | €3,770 | €1,045 | -€2,725 | -72.3% |
| Suppliers | 440/4 | €3,770 | €1,045 | -€2,725 | -72.3% |
| Taxes, remuneration and social security | 45 | €99,878 | €28,319 | -€71,559 | -71.6% |
| Taxes | 450/3 | €99,878 | €28,319 | -€71,559 | -71.6% |
| Other amounts payable | 47/48 | €21,749 | €146,561 | +€124,812 | +573.9% |
| Accrued charges and deferred income | 492/3 | - | €11,022 | +€11,022 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,882 | €35,038 | +€1,155 | +3.4% |
| Other operating charges | 640/8 | €6,594 | €7,061 | +€467 | +7.1% |
| Gross operating margin | 9900 | €726,150 | €160,307 | -€565,843 | -77.9% |
| Operating profit (loss) | 9901 | €685,674 | €118,208 | -€567,466 | -82.8% |
| Financial income | 75/76B | €107,164 | €70,656 | -€36,508 | -34.1% |
| Recurring financial income | 75 | €107,164 | €70,656 | -€36,508 | -34.1% |
| Financial charges | 65/66B | €786 | €2,996 | +€2,210 | +281.1% |
| Recurring financial charges | 65 | €786 | €2,996 | +€2,210 | +281.1% |
| Profit (loss) for the period before taxes | 9903 | €792,051 | €185,868 | -€606,183 | -76.5% |
| Income taxes | 67/77 | €248,171 | €40,827 | -€207,344 | -83.5% |
| Profit (loss) for the period | 9904 | €543,880 | €145,041 | -€398,840 | -73.3% |
| Profit (loss) for the period to be appropriated | 9905 | €543,880 | €145,041 | -€398,840 | -73.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.