WOUTERS LUC: what changed
What changed
WOUTERS LUC
filed annual accounts (NBB)
Net result for the year
€79,621
2024 · €78,700+€921
Equity
€1.4m
2024 · €2.0m-€594,809
Cash
€197,828
2024 · €302,829-€105,001
Balance sheet total
€1.5m
2024 · €2.1m-€655,716
Largest movements
Assets
- Receivables after one year -€365,214
down €365,214 (-23.9%), from €1.5m to €1.2m
- Receivables within one year -€203,840
down €203,840 (-87.1%), from €234,069 to €30,230
of which Other amounts receivable: -€200,879
- Cash -€105,001
down €105,001 (-34.7%), from €302,829 to €197,828
mainly Contributions, distributions and other (-€674,429) and Tax, wage and social debts (-€66,834)
- Tangible fixed assets +€29,963
up €29,963 (+91.2%), from €32,842 to €62,804
Equity and liabilities
- Reserves -€594,809
down €594,809 (-30.5%), from €1.9m to €1.4m
- Tax, wage and social debts -€66,834
down €66,834 (-57.3%), from €116,689 to €49,855
of which Taxes: -€66,834
Income statement
- Financial income -€24,139
down €24,139 (-45.1%), from €53,492 to €29,353
- Gross operating margin +€17,299
up €17,299 (+20.6%), from €84,058 to €101,358
- Depreciation -€6,469
down €6,469 (-46.2%), from €14,016 to €7,547
- Taxes -€1,574
down €1,574 (-3.8%), from €40,902 to €39,328
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
€78,700
Gross operating margin
+€17,299
Depreciation
+€6,469
Other operating charges
+€594
Financial income
-€24,139
Financial charges
-€876
Taxes
+€1,574
Result 2025
€79,621
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
+€593,752
Investment
-€37,510
Financing
-€661,243
Cash 2024
€302,829
From operations (derived)
+€593,752
Net result for the year
+€79,621
Depreciation
+€7,547
Receivables after one year
+€365,214
Receivables within one year
+€203,840
Deferred charges and accrued income
+€11,624
Trade debts
-€3,260
Tax, wage and social debts
-€66,834
Accrued charges and deferred income
-€4,000
Investment (derived)
-€37,510
Investment in fixed assets (net)
-€37,510
Financing
-€661,243
Debts after one year
+€20,457
Current portion of long-term debt
+€7,279
Short-term financial debts
-€14,549
Contributions, distributions and other
-€674,429
Cash 2025
€197,828
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,112,264 | €1,456,548 | -€655,716 | -31.0% |
| Fixed assets | 21/28 | €32,842 | €62,804 | +€29,963 | +91.2% |
| Tangible fixed assets | 22/27 | €32,842 | €62,804 | +€29,963 | +91.2% |
| Furniture and vehicles | 24 | €32,842 | €62,804 | +€29,963 | +91.2% |
| Current assets | 29/58 | €2,079,422 | €1,393,743 | -€685,679 | -33.0% |
| Amounts receivable after more than one year | 29 | €1,530,500 | €1,165,286 | -€365,214 | -23.9% |
| Other amounts receivable | 291 | €1,530,500 | €1,165,286 | -€365,214 | -23.9% |
| Amounts receivable within one year | 40/41 | €234,069 | €30,230 | -€203,840 | -87.1% |
| Trade receivables | 40 | €31,475 | €28,515 | -€2,960 | -9.4% |
| Other amounts receivable | 41 | €202,594 | €1,715 | -€200,879 | -99.2% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €302,829 | €197,828 | -€105,001 | -34.7% |
| Deferred charges and accrued income | 490/1 | €12,024 | €400 | -€11,624 | -96.7% |
| Total equity and liabilities | 10/49 | €2,112,264 | €1,456,548 | -€655,716 | -31.0% |
| Equity | 10/15 | €1,962,049 | €1,367,241 | -€594,809 | -30.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,949,649 | €1,354,841 | -€594,809 | -30.5% |
| Distributable reserves | 133 | €1,949,649 | €1,354,841 | -€594,809 | -30.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €150,214 | €89,307 | -€60,907 | -40.5% |
| Amounts payable after more than one year | 17 | €0 | €20,457 | +€20,457 | |
| Financial debts | 170/4 | €0 | €20,457 | +€20,457 | |
| Amounts payable within one year | 42/48 | €146,214 | €68,850 | -€77,365 | -52.9% |
| Current portion of amounts payable after more than one year | 42 | €5,849 | €13,128 | +€7,279 | +124% |
| Financial debts | 43 | €20,417 | €5,867 | -€14,549 | -71.3% |
| Credit institutions | 430/8 | €20,417 | €5,867 | -€14,549 | -71.3% |
| Trade debts | 44 | €3,260 | €0 | -€3,260 | -100% |
| Suppliers | 440/4 | €3,260 | €0 | -€3,260 | -100% |
| Taxes, remuneration and social security | 45 | €116,689 | €49,855 | -€66,834 | -57.3% |
| Taxes | 450/3 | €116,689 | €49,855 | -€66,834 | -57.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €4,000 | €0 | -€4,000 | -100% |
| Non-recurring operating income | 76A | €0 | €4,028 | +€4,028 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,016 | €7,547 | -€6,469 | -46.2% |
| Other operating charges | 640/8 | €2,415 | €1,821 | -€594 | -24.6% |
| Gross operating margin | 9900 | €84,058 | €101,358 | +€17,299 | +20.6% |
| Operating profit (loss) | 9901 | €67,627 | €91,989 | +€24,362 | +36.0% |
| Financial income | 75/76B | €53,492 | €29,353 | -€24,139 | -45.1% |
| Recurring financial income | 75 | €53,492 | €29,353 | -€24,139 | -45.1% |
| Financial charges | 65/66B | €1,518 | €2,394 | +€876 | +57.7% |
| Recurring financial charges | 65 | €1,518 | €2,394 | +€876 | +57.7% |
| Profit (loss) for the period before taxes | 9903 | €119,602 | €118,948 | -€653 | -0.5% |
| Income taxes | 67/77 | €40,902 | €39,328 | -€1,574 | -3.8% |
| Profit (loss) for the period | 9904 | €78,700 | €79,621 | +€921 | +1.2% |
| Profit (loss) for the period to be appropriated | 9905 | €78,700 | €79,621 | +€921 | +1.2% |
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 7 November 2026 via checked.be.