Wouters Danny: 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 Danny
Largest movements
- Receivables within one year +€61,830
up €61,830 (+444%), from €13,915 to €75,745
of which Other amounts receivable: +€75,000
- Tangible fixed assets -€35,517
down €35,517 (-8.8%), from €403,402 to €367,885
- Reserves +€61,950
up €61,950 (+33.1%), from €187,270 to €249,220
of which Distributable reserves: +€61,950
- Debts after one year -€24,976
down €24,976 (-11.2%), from €223,311 to €198,335
- Other debts -€23,726
down €23,726 (-92.2%), from €25,732 to €2,006
- Tax, wage and social debts +€16,080
up €16,080 (+181%), from €8,876 to €24,956
- Financial income +€100,000
up €100,000 (+66,666,620%), from €0 to €100,000
of which Non-recurring financial income: +€100,000
- Taxes +€11,768
up €11,768 (+107%), from €11,049 to €22,817
- Gross operating margin +€7,680
up €7,680 (+10.3%), from €74,644 to €82,324
- Depreciation +€2,168
up €2,168 (+6.0%), from €35,902 to €38,070
- Financial charges -€881
down €881 (-17.5%), from €5,029 to €4,148
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 | €499,938 | €528,549 | +€28,611 | +5.7% |
| Fixed assets | 21/28 | €412,702 | €377,185 | -€35,517 | -8.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €403,402 | €367,885 | -€35,517 | -8.8% |
| Land and buildings | 22 | €343,071 | €326,000 | -€17,071 | -5.0% |
| Plant, machinery and equipment | 23 | €2,294 | €1,501 | -€793 | -34.6% |
| Furniture and vehicles | 24 | €58,037 | €40,385 | -€17,652 | -30.4% |
| Financial fixed assets | 28 | €9,300 | €9,300 | = | 0.0% |
| Current assets | 29/58 | €87,236 | €151,364 | +€64,128 | +73.5% |
| Amounts receivable within one year | 40/41 | €13,915 | €75,745 | +€61,830 | +444% |
| Trade receivables | 40 | €13,915 | €745 | -€13,170 | -94.6% |
| Other amounts receivable | 41 | - | €75,000 | +€75,000 | |
| Cash at bank and in hand | 54/58 | €70,177 | €72,654 | +€2,477 | +3.5% |
| Deferred charges and accrued income | 490/1 | €3,144 | €2,965 | -€179 | -5.7% |
| Total equity and liabilities | 10/49 | €499,938 | €528,549 | +€28,611 | +5.7% |
| Equity | 10/15 | €211,000 | €272,992 | +€61,991 | +29.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €187,270 | €249,220 | +€61,950 | +33.1% |
| Tax-exempt reserves | 132 | €24,010 | €24,010 | = | 0.0% |
| Distributable reserves | 133 | €163,260 | €225,210 | +€61,950 | +37.9% |
| Profit (loss) carried forward | 14 | €5,180 | €5,221 | +€41 | +0.8% |
| Amounts payable | 17/49 | €288,938 | €255,558 | -€33,380 | -11.6% |
| Amounts payable after more than one year | 17 | €223,311 | €198,335 | -€24,976 | -11.2% |
| Financial debts | 170/4 | €223,311 | €198,335 | -€24,976 | -11.2% |
| Amounts payable within one year | 42/48 | €65,627 | €57,223 | -€8,404 | -12.8% |
| Current portion of amounts payable after more than one year | 42 | €24,592 | €26,518 | +€1,926 | +7.8% |
| Financial debts | 43 | €1,566 | €1,577 | +€11 | +0.7% |
| Credit institutions | 430/8 | €1,566 | €1,577 | +€11 | +0.7% |
| Trade debts | 44 | €4,862 | €2,167 | -€2,694 | -55.4% |
| Suppliers | 440/4 | €4,862 | €2,167 | -€2,694 | -55.4% |
| Taxes, remuneration and social security | 45 | €8,876 | €24,956 | +€16,080 | +181% |
| Taxes | 450/3 | €8,876 | €24,956 | +€16,080 | +181% |
| Other amounts payable | 47/48 | €25,732 | €2,006 | -€23,726 | -92.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,902 | €38,070 | +€2,168 | +6.0% |
| Other operating charges | 640/8 | €1,468 | €1,948 | +€480 | +32.7% |
| Gross operating margin | 9900 | €74,644 | €82,324 | +€7,680 | +10.3% |
| Operating profit (loss) | 9901 | €37,274 | €42,306 | +€5,032 | +13.5% |
| Financial income | 75/76B | €0 | €100,000 | +€100,000 | +66,666,620% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -46.7% |
| Non-recurring financial income | 76B | - | €100,000 | +€100,000 | |
| Financial charges | 65/66B | €5,029 | €4,148 | -€881 | -17.5% |
| Recurring financial charges | 65 | €5,029 | €4,148 | -€881 | -17.5% |
| Profit (loss) for the period before taxes | 9903 | €32,245 | €138,158 | +€105,913 | +328% |
| Income taxes | 67/77 | €11,049 | €22,817 | +€11,768 | +107% |
| Profit (loss) for the period | 9904 | €21,197 | €115,341 | +€94,145 | +444% |
| Profit (loss) for the period to be appropriated | 9905 | €21,197 | €115,341 | +€94,145 | +444% |
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 30 October 2026 via checked.be.