WOUTERS MARC: 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 MARC
Largest movements
- Receivables within one year +€26,907
up €26,907 (+122%), from €22,030 to €48,937
of which Trade receivables: +€30,244
- Cash +€14,457
up €14,457 (+32.0%), from €45,206 to €59,664
mainly Other debts (+€57,170) and Net result for the year (+€32,733)
- Tangible fixed assets +€12,977
up €12,977 (+30.8%), from €42,130 to €55,107
of which Furniture and vehicles: +€16,130
- Deferred charges and accrued income -€2,900
no longer reported in 2025 (was €2,900)
- Other debts +€57,170
new in 2025: €57,170
- Reserves -€42,926
down €42,926 (-60.5%), from €70,953 to €28,027
- Tax, wage and social debts +€18,004
up €18,004 (+383%), from €4,703 to €22,707
of which Taxes: +€16,400
- Debts after one year +€16,864
up €16,864 (+142%), from €11,907 to €28,771
- Current portion of long-term debt +€6,154
up €6,154 (+31.3%), from €19,679 to €25,833
- Gross operating margin +€21,968
up €21,968 (+63.9%), from €34,390 to €56,359
- Taxes +€7,540
up €7,540 (+181%), from €4,162 to €11,703
- Depreciation -€3,263
down €3,263 (-26.9%), from €12,151 to €8,887
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 | €113,014 | €164,456 | +€51,441 | +45.5% |
| Fixed assets | 21/28 | €42,878 | €55,855 | +€12,977 | +30.3% |
| Tangible fixed assets | 22/27 | €42,130 | €55,107 | +€12,977 | +30.8% |
| Land and buildings | 22 | €4,796 | €3,197 | -€1,599 | -33.3% |
| Plant, machinery and equipment | 23 | €4,022 | €2,468 | -€1,554 | -38.6% |
| Furniture and vehicles | 24 | €33,312 | €49,442 | +€16,130 | +48.4% |
| Financial fixed assets | 28 | €748 | €748 | = | 0.0% |
| Current assets | 29/58 | €70,136 | €108,601 | +€38,464 | +54.8% |
| Amounts receivable within one year | 40/41 | €22,030 | €48,937 | +€26,907 | +122% |
| Trade receivables | 40 | €18,693 | €48,937 | +€30,244 | +162% |
| Other amounts receivable | 41 | €3,338 | - | -€3,338 | |
| Cash at bank and in hand | 54/58 | €45,206 | €59,664 | +€14,457 | +32.0% |
| Deferred charges and accrued income | 490/1 | €2,900 | - | -€2,900 | |
| Total equity and liabilities | 10/49 | €113,014 | €164,456 | +€51,441 | +45.5% |
| Equity | 10/15 | €70,953 | €28,027 | -€42,926 | -60.5% |
| Reserves | 13 | €70,953 | €28,027 | -€42,926 | -60.5% |
| Distributable reserves | 133 | €70,953 | €28,027 | -€42,926 | -60.5% |
| Amounts payable | 17/49 | €42,062 | €136,429 | +€94,367 | +224% |
| Amounts payable after more than one year | 17 | €11,907 | €28,771 | +€16,864 | +142% |
| Financial debts | 170/4 | €11,907 | €28,771 | +€16,864 | +142% |
| Amounts payable within one year | 42/48 | €30,155 | €107,657 | +€77,503 | +257% |
| Current portion of amounts payable after more than one year | 42 | €19,679 | €25,833 | +€6,154 | +31.3% |
| Trade debts | 44 | €5,773 | €1,947 | -€3,826 | -66.3% |
| Suppliers | 440/4 | €5,773 | €1,947 | -€3,826 | -66.3% |
| Taxes, remuneration and social security | 45 | €4,703 | €22,707 | +€18,004 | +383% |
| Taxes | 450/3 | €4,703 | €21,102 | +€16,400 | +349% |
| Remuneration and social security | 454/9 | - | €1,605 | +€1,605 | |
| Other amounts payable | 47/48 | - | €57,170 | +€57,170 | |
| Non-recurring operating income | 76A | - | €3,688 | +€3,688 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,151 | €8,887 | -€3,263 | -26.9% |
| Other operating charges | 640/8 | €1,339 | €916 | -€422 | -31.5% |
| Gross operating margin | 9900 | €34,390 | €56,359 | +€21,968 | +63.9% |
| Operating profit (loss) | 9901 | €20,901 | €46,555 | +€25,654 | +123% |
| Financial income | 75/76B | - | €151 | +€151 | |
| Recurring financial income | 75 | - | €151 | +€151 | |
| Financial charges | 65/66B | €2,232 | €2,271 | +€39 | +1.7% |
| Recurring financial charges | 65 | €2,232 | €2,271 | +€39 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €18,669 | €44,436 | +€25,767 | +138% |
| Income taxes | 67/77 | €4,162 | €11,703 | +€7,540 | +181% |
| Profit (loss) for the period | 9904 | €14,506 | €32,733 | +€18,226 | +126% |
| Profit (loss) for the period to be appropriated | 9905 | €14,506 | €32,733 | +€18,226 | +126% |
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.