WOUTERS FORWARDING: 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 FORWARDING
Largest movements
- Tangible fixed assets -€124,357
down €124,357 (-41.6%), from €298,857 to €174,500
- Cash -€98,630
down €98,630 (-61.2%), from €161,080 to €62,450
mainly Trade debts (-€419,411) and Tax, wage and social debts (-€74,663)
- Trade debts -€419,411
down €419,411 (-59.5%), from €705,038 to €285,627
- Reserves +€311,000
up €311,000 (+12.7%), from €2.4m to €2.8m
- Tax, wage and social debts -€74,663
down €74,663 (-48.7%), from €153,347 to €78,683
of which Taxes: -€69,813
- Financial income -€1.1m
down €1.1m (-100.0%), from €1.1m to €0
- Financial charges -€83,476
down €83,476 (-88.3%), from €94,492 to €11,017
- Depreciation +€82,595
up €82,595 (+198%), from €41,762 to €124,357
- Gross operating margin +€80,946
up €80,946 (+14.6%), from €555,012 to €635,958
- Taxes -€78,446
down €78,446 (-35.3%), from €222,246 to €143,800
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 | €6,034,886 | €5,853,331 | -€181,555 | -3.0% |
| Fixed assets | 21/28 | €5,510,327 | €5,385,970 | -€124,357 | -2.3% |
| Tangible fixed assets | 22/27 | €298,857 | €174,500 | -€124,357 | -41.6% |
| Furniture and vehicles | 24 | €298,857 | €174,500 | -€124,357 | -41.6% |
| Financial fixed assets | 28 | €5,211,470 | €5,211,470 | = | 0.0% |
| Current assets | 29/58 | €524,559 | €467,361 | -€57,198 | -10.9% |
| Amounts receivable within one year | 40/41 | €363,479 | €404,911 | +€41,432 | +11.4% |
| Trade receivables | 40 | €311,485 | €404,911 | +€93,427 | +30.0% |
| Other amounts receivable | 41 | €51,995 | - | -€51,995 | |
| Cash at bank and in hand | 54/58 | €161,080 | €62,450 | -€98,630 | -61.2% |
| Total equity and liabilities | 10/49 | €6,034,886 | €5,853,331 | -€181,555 | -3.0% |
| Equity | 10/15 | €4,961,585 | €5,272,904 | +€311,319 | +6.3% |
| Contributions | 10/11 | €2,444,460 | €2,444,460 | = | 0.0% |
| Contributions outside capital | 11 | €2,444,460 | €2,444,460 | = | 0.0% |
| Other | 1109/19 | €2,444,460 | €2,444,460 | = | 0.0% |
| Reserves | 13 | €2,441,550 | €2,752,550 | +€311,000 | +12.7% |
| Distributable reserves | 133 | €2,441,550 | €2,752,550 | +€311,000 | +12.7% |
| Profit (loss) carried forward | 14 | €75,575 | €75,894 | +€319 | +0.4% |
| Provisions and deferred taxes | 16 | €213,720 | €187,920 | -€25,800 | -12.1% |
| Provisions for liabilities and charges | 160/5 | €213,720 | €187,920 | -€25,800 | -12.1% |
| Other liabilities and charges | 164/5 | €213,720 | €187,920 | -€25,800 | -12.1% |
| Amounts payable | 17/49 | €859,581 | €392,508 | -€467,074 | -54.3% |
| Amounts payable within one year | 42/48 | €859,581 | €392,508 | -€467,074 | -54.3% |
| Trade debts | 44 | €705,038 | €285,627 | -€419,411 | -59.5% |
| Suppliers | 440/4 | €705,038 | €285,627 | -€419,411 | -59.5% |
| Taxes, remuneration and social security | 45 | €153,347 | €78,683 | -€74,663 | -48.7% |
| Taxes | 450/3 | €148,496 | €78,683 | -€69,813 | -47.0% |
| Remuneration and social security | 454/9 | €4,850 | - | -€4,850 | |
| Other amounts payable | 47/48 | €1,197 | €28,197 | +€27,000 | +2,256% |
| Remuneration, social security and pensions | 62 | €39,589 | €45,316 | +€5,727 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,762 | €124,357 | +€82,595 | +198% |
| Other operating charges | 640/8 | €688 | €150 | -€538 | -78.2% |
| Gross operating margin | 9900 | €555,012 | €635,958 | +€80,946 | +14.6% |
| Operating profit (loss) | 9901 | €472,974 | €466,136 | -€6,838 | -1.4% |
| Financial income | 75/76B | €1,050,320 | €0 | -€1.1m | -100.0% |
| Recurring financial income | 75 | €1,050,320 | €0 | -€1.1m | -100.0% |
| Financial charges | 65/66B | €94,492 | €11,017 | -€83,476 | -88.3% |
| Recurring financial charges | 65 | €94,492 | €11,017 | -€83,476 | -88.3% |
| Profit (loss) for the period before taxes | 9903 | €1,428,801 | €455,119 | -€973,682 | -68.1% |
| Income taxes | 67/77 | €222,246 | €143,800 | -€78,446 | -35.3% |
| Profit (loss) for the period | 9904 | €1,206,555 | €311,319 | -€895,236 | -74.2% |
| Profit (loss) for the period to be appropriated | 9905 | €1,206,555 | €311,319 | -€895,236 | -74.2% |
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 29 October 2026 via checked.be.