WOUTERS - LOWEL: what changed
What changed
WOUTERS - LOWEL
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
-€7,790
2024 · €4,255-€12,045
Equity
€30,488
2024 · €38,278-€7,790
Cash
€341
2024 · €366-€25
Balance sheet total
€898,473
2024 · €939,400-€40,928
Largest movements
Assets
- Receivables within one year -€33,410
down €33,410 (-54.8%), from €60,926 to €27,516
of which Trade receivables: -€38,205
Equity and liabilities
- Debts after one year -€45,833
down €45,833 (-11.2%), from €410,111 to €364,278
- Other debts +€12,735
up €12,735 (+2.9%), from €441,822 to €454,556
Income statement
- Gross operating margin -€12,484
down €12,484 (-45.0%), from €27,749 to €15,265
- Other operating charges +€2,176
up €2,176 (+84.6%), from €2,573 to €4,749
- Taxes -€1,953
down €1,953 (-100%), from €1,953 to €0
- Financial charges -€662
down €662 (-8.3%), from €8,003 to €7,341
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
€4,255
Gross operating margin
-€12,484
Depreciation
-€0
Other operating charges
-€2,176
Financial charges
+€662
Taxes
+€1,953
Result 2025
-€7,790
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
+€49,281
Investment
-€3,473
Financing
-€45,833
Cash 2024
€366
From operations (derived)
+€49,281
Net result for the year
-€7,790
Depreciation
+€10,965
Receivables within one year
+€33,410
Trade debts
+€1,197
Tax, wage and social debts
-€1,236
Other debts
+€12,735
Investment (derived)
-€3,473
Investment in fixed assets (net)
-€3,473
Financing
-€45,833
Debts after one year
-€45,833
Cash 2025
€341
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €939,400 | €898,473 | -€40,928 | -4.4% |
| Fixed assets | 21/28 | €878,108 | €870,616 | -€7,493 | -0.9% |
| Tangible fixed assets | 22/27 | €289,180 | €281,688 | -€7,493 | -2.6% |
| Land and buildings | 22 | €289,180 | €278,215 | -€10,965 | -3.8% |
| Furniture and vehicles | 24 | - | €3,473 | +€3,473 | |
| Financial fixed assets | 28 | €588,928 | €588,928 | = | 0.0% |
| Current assets | 29/58 | €61,292 | €27,857 | -€33,435 | -54.6% |
| Amounts receivable within one year | 40/41 | €60,926 | €27,516 | -€33,410 | -54.8% |
| Trade receivables | 40 | €60,000 | €21,795 | -€38,205 | -63.7% |
| Other amounts receivable | 41 | €926 | €5,721 | +€4,795 | +518% |
| Cash at bank and in hand | 54/58 | €366 | €341 | -€25 | -6.8% |
| Total equity and liabilities | 10/49 | €939,400 | €898,473 | -€40,928 | -4.4% |
| Equity | 10/15 | €38,278 | €30,488 | -€7,790 | -20.4% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €32,078 | €31,534 | -€544 | -1.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €30,218 | €29,674 | -€544 | -1.8% |
| Profit (loss) carried forward | 14 | - | -€7,246 | -€7,246 | |
| Amounts payable | 17/49 | €901,123 | €867,985 | -€33,138 | -3.7% |
| Amounts payable after more than one year | 17 | €410,111 | €364,278 | -€45,833 | -11.2% |
| Financial debts | 170/4 | €410,111 | €364,278 | -€45,833 | -11.2% |
| Amounts payable within one year | 42/48 | €491,011 | €503,707 | +€12,696 | +2.6% |
| Current portion of amounts payable after more than one year | 42 | €45,833 | €45,833 | = | 0.0% |
| Trade debts | 44 | €167 | €1,364 | +€1,197 | +715% |
| Suppliers | 440/4 | €167 | €1,364 | +€1,197 | +715% |
| Taxes, remuneration and social security | 45 | €3,189 | €1,953 | -€1,236 | -38.8% |
| Taxes | 450/3 | €3,189 | €1,953 | -€1,236 | -38.8% |
| Other amounts payable | 47/48 | €441,822 | €454,556 | +€12,735 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,965 | €10,965 | +€0 | 0.0% |
| Other operating charges | 640/8 | €2,573 | €4,749 | +€2,176 | +84.6% |
| Gross operating margin | 9900 | €27,749 | €15,265 | -€12,484 | -45.0% |
| Operating profit (loss) | 9901 | €14,210 | -€450 | -€14,660 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €8,003 | €7,341 | -€662 | -8.3% |
| Recurring financial charges | 65 | €8,003 | €7,341 | -€662 | -8.3% |
| Profit (loss) for the period before taxes | 9903 | €6,208 | -€7,790 | -€13,998 | |
| Income taxes | 67/77 | €1,953 | €0 | -€1,953 | -100% |
| Profit (loss) for the period | 9904 | €4,255 | -€7,790 | -€12,045 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,255 | -€7,790 | -€12,045 |
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.