Wouters Dirk: what changed
What changed
Wouters Dirk
NACE 25.999, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€58,096
2024 · €44,056+€14,040
Equity
€883,536
2024 · €825,440+€58,096
Cash
€123,228
2024 · €42,275+€80,953
Balance sheet total
€1.8m
2024 · €1.7m+€73,180
Largest movements
Assets
- Cash +€80,953
up €80,953 (+191%), from €42,275 to €123,228
mainly Depreciation (+€145,277) and Net result for the year (+€58,096)
- Receivables within one year +€45,726
up €45,726 (+28.1%), from €162,538 to €208,264
- Tangible fixed assets -€35,530
down €35,530 (-2.6%), from €1.4m to €1.4m
of which Land and buildings: -€32,728
Equity and liabilities
- Debts after one year -€81,277
down €81,277 (-21.8%), from €372,382 to €291,105
- Reserves +€58,096
up €58,096 (+68.0%), from €85,440 to €143,536
- Trade debts +€48,530
up €48,530 (+302%), from €16,050 to €64,581
- Tax, wage and social debts +€36,411
up €36,411 (+47.1%), from €77,373 to €113,784
of which Taxes: +€30,058
Income statement
- Gross operating margin +€43,298
up €43,298 (+20.2%), from €214,757 to €258,055
- Depreciation +€14,399
up €14,399 (+11.0%), from €130,878 to €145,277
- Staff costs +€14,054
up €14,054 (+1,262%), from €1,113 to €15,168
- Taxes +€3,767
up €3,767 (+23.3%), from €16,137 to €19,904
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€44,056
Gross operating margin
+€43,298
Staff costs
-€14,054
Depreciation
-€14,399
Other operating charges
+€1,680
Financial income
-€67
Financial charges
+€1,349
Taxes
-€3,767
Result 2025
€58,096
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€247,105
Investment
-€94,747
Financing
-€71,405
Cash 2024
€42,275
From operations (derived)
+€247,105
Net result for the year
+€58,096
Depreciation
+€145,277
Stocks and contracts
+€6,713
Receivables within one year
-€45,726
Deferred charges and accrued income
-€3,744
Trade debts
+€48,530
Tax, wage and social debts
+€36,411
Other debts
+€1,548
Investment (derived)
-€94,747
Investment in fixed assets (net)
-€94,747
Financing
-€71,405
Debts after one year
-€81,277
Current portion of long-term debt
+€9,872
Cash 2025
€123,228
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,685,443 | €1,758,624 | +€73,180 | +4.3% |
| Fixed assets | 21/28 | €1,407,262 | €1,356,732 | -€50,530 | -3.6% |
| Tangible fixed assets | 22/27 | €1,392,262 | €1,356,732 | -€35,530 | -2.6% |
| Land and buildings | 22 | €728,901 | €696,172 | -€32,728 | -4.5% |
| Plant, machinery and equipment | 23 | €584,199 | €599,080 | +€14,881 | +2.5% |
| Furniture and vehicles | 24 | €67,533 | €53,850 | -€13,683 | -20.3% |
| Leasing and similar rights | 25 | €11,629 | €7,629 | -€4,000 | -34.4% |
| Financial fixed assets | 28 | €15,000 | €0 | -€15,000 | -100% |
| Current assets | 29/58 | €278,182 | €401,892 | +€123,711 | +44.5% |
| Stocks and contracts in progress | 3 | €69,472 | €62,759 | -€6,713 | -9.7% |
| Stocks | 30/36 | €69,472 | €62,759 | -€6,713 | -9.7% |
| Amounts receivable within one year | 40/41 | €162,538 | €208,264 | +€45,726 | +28.1% |
| Trade receivables | 40 | €162,538 | €208,264 | +€45,726 | +28.1% |
| Cash at bank and in hand | 54/58 | €42,275 | €123,228 | +€80,953 | +191% |
| Deferred charges and accrued income | 490/1 | €3,897 | €7,641 | +€3,744 | +96.1% |
| Total equity and liabilities | 10/49 | €1,685,443 | €1,758,624 | +€73,180 | +4.3% |
| Equity | 10/15 | €825,440 | €883,536 | +€58,096 | +7.0% |
| Contributions | 10/11 | €740,000 | €740,000 | = | 0.0% |
| Reserves | 13 | €85,440 | €143,536 | +€58,096 | +68.0% |
| Distributable reserves | 133 | €85,440 | €143,536 | +€58,096 | +68.0% |
| Amounts payable | 17/49 | €860,003 | €875,088 | +€15,084 | +1.8% |
| Amounts payable after more than one year | 17 | €372,382 | €291,105 | -€81,277 | -21.8% |
| Financial debts | 170/4 | €372,382 | €291,105 | -€81,277 | -21.8% |
| Amounts payable within one year | 42/48 | €487,622 | €583,983 | +€96,362 | +19.8% |
| Current portion of amounts payable after more than one year | 42 | €116,759 | €126,631 | +€9,872 | +8.5% |
| Trade debts | 44 | €16,050 | €64,581 | +€48,530 | +302% |
| Suppliers | 440/4 | €16,050 | €64,581 | +€48,530 | +302% |
| Taxes, remuneration and social security | 45 | €77,373 | €113,784 | +€36,411 | +47.1% |
| Taxes | 450/3 | €55,298 | €85,356 | +€30,058 | +54.4% |
| Remuneration and social security | 454/9 | €22,075 | €28,428 | +€6,353 | +28.8% |
| Other amounts payable | 47/48 | €277,439 | €278,987 | +€1,548 | +0.6% |
| Remuneration, social security and pensions | 62 | €1,113 | €15,168 | +€14,054 | +1,262% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €130,878 | €145,277 | +€14,399 | +11.0% |
| Other operating charges | 640/8 | €3,202 | €1,521 | -€1,680 | -52.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €214,757 | €258,055 | +€43,298 | +20.2% |
| Operating profit (loss) | 9901 | €79,563 | €96,088 | +€16,525 | +20.8% |
| Financial income | 75/76B | €72 | €5 | -€67 | -93.0% |
| Recurring financial income | 75 | €72 | €5 | -€67 | -93.0% |
| Financial charges | 65/66B | €19,442 | €18,093 | -€1,349 | -6.9% |
| Recurring financial charges | 65 | €19,442 | €18,093 | -€1,349 | -6.9% |
| Profit (loss) for the period before taxes | 9903 | €60,193 | €78,000 | +€17,807 | +29.6% |
| Income taxes | 67/77 | €16,137 | €19,904 | +€3,767 | +23.3% |
| Profit (loss) for the period | 9904 | €44,056 | €58,096 | +€14,040 | +31.9% |
| Profit (loss) for the period to be appropriated | 9905 | €44,056 | €58,096 | +€14,040 | +31.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.