WOUTERS BEHEER: 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.
WOUTERS BEHEER
Largest movements
- Cash +€11,456
up €11,456 (+44.7%), from €25,610 to €37,067
mainly Net result for the year (+€7,592) and Depreciation (+€6,713)
- Tangible fixed assets -€6,713
down €6,713 (-4.6%), from €147,118 to €140,405
of which Land and buildings: -€6,598
- Receivables after one year -€3,500
down €3,500 (-11.7%), from €29,900 to €26,400
- Reserves +€7,592
up €7,592 (+65.7%), from €11,553 to €19,145
- Other debts -€6,718
down €6,718 (-4.1%), from €162,480 to €155,762
- Gross operating margin +€1,661
up €1,661 (+9.5%), from €17,420 to €19,082
- Taxes +€638
up €638 (+46.2%), from €1,381 to €2,019
- Financial charges -€358
down €358 (-17.7%), from €2,018 to €1,661
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 | €203,921 | €205,446 | +€1,525 | +0.7% |
| Fixed assets | 21/28 | €147,118 | €140,405 | -€6,713 | -4.6% |
| Tangible fixed assets | 22/27 | €147,118 | €140,405 | -€6,713 | -4.6% |
| Land and buildings | 22 | €146,087 | €139,489 | -€6,598 | -4.5% |
| Plant, machinery and equipment | 23 | €1,031 | €917 | -€115 | -11.1% |
| Current assets | 29/58 | €56,803 | €65,040 | +€8,238 | +14.5% |
| Amounts receivable after more than one year | 29 | €29,900 | €26,400 | -€3,500 | -11.7% |
| Other amounts receivable | 291 | €29,900 | €26,400 | -€3,500 | -11.7% |
| Cash at bank and in hand | 54/58 | €25,610 | €37,067 | +€11,456 | +44.7% |
| Deferred charges and accrued income | 490/1 | €1,292 | €1,574 | +€282 | +21.8% |
| Total equity and liabilities | 10/49 | €203,921 | €205,446 | +€1,525 | +0.7% |
| Equity | 10/15 | €40,060 | €47,652 | +€7,592 | +19.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €11,553 | €19,145 | +€7,592 | +65.7% |
| Distributable reserves | 133 | €11,553 | €19,145 | +€7,592 | +65.7% |
| Profit (loss) carried forward | 14 | €9,907 | €9,907 | = | 0.0% |
| Amounts payable | 17/49 | €163,861 | €157,793 | -€6,067 | -3.7% |
| Amounts payable within one year | 42/48 | €163,861 | €157,793 | -€6,067 | -3.7% |
| Trade debts | 44 | - | €13 | +€13 | |
| Suppliers | 440/4 | - | €13 | +€13 | |
| Taxes, remuneration and social security | 45 | €1,381 | €2,019 | +€638 | +46.2% |
| Taxes | 450/3 | €1,381 | €2,019 | +€638 | +46.2% |
| Other amounts payable | 47/48 | €162,480 | €155,762 | -€6,718 | -4.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,713 | €6,713 | = | 0.0% |
| Other operating charges | 640/8 | €1,338 | €1,379 | +€41 | +3.0% |
| Gross operating margin | 9900 | €17,420 | €19,082 | +€1,661 | +9.5% |
| Operating profit (loss) | 9901 | €9,370 | €10,990 | +€1,621 | +17.3% |
| Financial income | 75/76B | €306 | €282 | -€24 | -7.9% |
| Recurring financial income | 75 | €306 | €282 | -€24 | -7.9% |
| Financial charges | 65/66B | €2,018 | €1,661 | -€358 | -17.7% |
| Recurring financial charges | 65 | €2,018 | €1,661 | -€358 | -17.7% |
| Profit (loss) for the period before taxes | 9903 | €7,657 | €9,611 | +€1,954 | +25.5% |
| Income taxes | 67/77 | €1,381 | €2,019 | +€638 | +46.2% |
| Profit (loss) for the period | 9904 | €6,276 | €7,592 | +€1,317 | +21.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,276 | €7,592 | +€1,317 | +21.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.