WOUTERS - DECLERCQ: 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 - DECLERCQ
Largest movements
- Tangible fixed assets -€36,607
down €36,607 (-6.2%), from €593,260 to €556,653
of which Land and buildings: -€36,607
- Profit (loss) carried forward -€22,271
down €22,271 (-43.1%), from €51,639 to €29,368
- Revaluation surpluses -€13,676
down €13,676 (-9.9%), from €138,071 to €124,394
- Reserves +€13,676
up €13,676 (+9.2%), from €149,229 to €162,906
of which Distributable reserves: +€13,676
- Other debts -€12,159
down €12,159 (-28.2%), from €43,131 to €30,971
- Gross operating margin -€7,349
down €7,349 (-14.0%), from €52,672 to €45,322
- Financial charges +€3,052
up €3,052 (+31.4%), from €9,716 to €12,768
- Taxes -€3,016
down €3,016 (-95.5%), from €3,157 to €141
- Depreciation -€1,861
down €1,861 (-3.8%), from €49,038 to €47,177
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 | €623,365 | €584,991 | -€38,374 | -6.2% |
| Fixed assets | 21/28 | €593,260 | €556,653 | -€36,607 | -6.2% |
| Tangible fixed assets | 22/27 | €593,260 | €556,653 | -€36,607 | -6.2% |
| Land and buildings | 22 | €593,260 | €556,653 | -€36,607 | -6.2% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €30,105 | €28,338 | -€1,767 | -5.9% |
| Stocks and contracts in progress | 3 | €17,900 | €17,900 | = | 0.0% |
| Stocks | 30/36 | €17,900 | €17,900 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,749 | €2,737 | -€2,012 | -42.4% |
| Trade receivables | 40 | €300 | €2,737 | +€2,437 | +812.4% |
| Other amounts receivable | 41 | €4,449 | €0 | -€4,449 | -100.0% |
| Current investments | 50/53 | €3,000 | €2 | -€2,998 | -99.9% |
| Cash at bank and in hand | 54/58 | €1,879 | €5,936 | +€4,057 | +215.9% |
| Deferred charges and accrued income | 490/1 | €2,577 | €1,763 | -€814 | -31.6% |
| Total equity and liabilities | 10/49 | €623,365 | €584,991 | -€38,374 | -6.2% |
| Equity | 10/15 | €400,938 | €378,667 | -€22,271 | -5.6% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | €138,071 | €124,394 | -€13,676 | -9.9% |
| Reserves | 13 | €149,229 | €162,906 | +€13,676 | +9.2% |
| Non-distributable reserves | 130/1 | €1,310 | €1,310 | = | 0.0% |
| Legal reserve | 130 | €1,310 | €1,310 | = | 0.0% |
| Distributable reserves | 133 | €147,919 | €161,596 | +€13,676 | +9.2% |
| Profit (loss) carried forward | 14 | €51,639 | €29,368 | -€22,271 | -43.1% |
| Amounts payable | 17/49 | €222,427 | €206,324 | -€16,103 | -7.2% |
| Amounts payable after more than one year | 17 | €171,162 | €171,162 | = | 0.0% |
| Financial debts | 170/4 | €130,000 | €130,000 | = | 0.0% |
| Other amounts payable | 178/9 | €41,162 | €41,162 | = | 0.0% |
| Amounts payable within one year | 42/48 | €51,264 | €35,161 | -€16,103 | -31.4% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €832 | €495 | -€337 | -40.5% |
| Credit institutions | 430/8 | €832 | €495 | -€337 | -40.5% |
| Trade debts | 44 | €4,145 | €397 | -€3,747 | -90.4% |
| Suppliers | 440/4 | €4,145 | €397 | -€3,747 | -90.4% |
| Taxes, remuneration and social security | 45 | €3,157 | €3,298 | +€141 | +4.5% |
| Taxes | 450/3 | €3,157 | €3,298 | +€141 | +4.5% |
| Other amounts payable | 47/48 | €43,131 | €30,971 | -€12,159 | -28.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €866 | €0 | -€866 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,038 | €47,177 | -€1,861 | -3.8% |
| Other operating charges | 640/8 | €7,220 | €7,508 | +€287 | +4.0% |
| Gross operating margin | 9900 | €52,672 | €45,322 | -€7,349 | -14.0% |
| Operating profit (loss) | 9901 | -€3,587 | -€9,362 | -€5,775 | -161.0% |
| Financial charges | 65/66B | €9,716 | €12,768 | +€3,052 | +31.4% |
| Recurring financial charges | 65 | €9,716 | €12,768 | +€3,052 | +31.4% |
| Profit (loss) for the period before taxes | 9903 | -€13,303 | -€22,130 | -€8,827 | -66.4% |
| Income taxes | 67/77 | €3,157 | €141 | -€3,016 | -95.5% |
| Profit (loss) for the period | 9904 | -€16,460 | -€22,271 | -€5,811 | -35.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€16,460 | -€22,271 | -€5,811 | -35.3% |
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 12 October 2026 via checked.be.