WOUTERS NICK: 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 NICK
Largest movements
- Cash +€33,570
up €33,570 (+314%), from €10,689 to €44,259
mainly Receivables within one year (+€26,127) and Tax, wage and social debts (+€19,180)
- Receivables within one year -€26,127
down €26,127 (-46.8%), from €55,822 to €29,695
of which Other amounts receivable: -€24,085
- Tangible fixed assets -€6,267
down €6,267 (-33.8%), from €18,548 to €12,281
of which Furniture and vehicles: -€6,922
- Deferred charges and accrued income -€1,309
down €1,309 (-75.2%), from €1,740 to €431
- Trade debts -€29,482
down €29,482 (-79.1%), from €37,293 to €7,811
- Tax, wage and social debts +€19,180
up €19,180 (+177%), from €10,855 to €30,035
- Reserves +€9,949
up €9,949 (+810%), from €1,229 to €11,178
of which Distributable reserves: +€9,949
- Gross operating margin +€30,761
up €30,761, from -€8,273 to €22,488
- Financial charges +€1,520
up €1,520 (+864%), from €176 to €1,696
- Taxes +€1,305
up €1,305 (+831%), from €157 to €1,462
- Financial income -€1,068
down €1,068 (-59.1%), from €1,807 to €739
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 | €98,235 | €98,442 | +€207 | +0.2% |
| Fixed assets | 21/28 | €28,998 | €22,731 | -€6,267 | -21.6% |
| Tangible fixed assets | 22/27 | €18,548 | €12,281 | -€6,267 | -33.8% |
| Plant, machinery and equipment | 23 | €1,441 | €2,096 | +€655 | +45.4% |
| Furniture and vehicles | 24 | €17,106 | €10,184 | -€6,922 | -40.5% |
| Financial fixed assets | 28 | €10,450 | €10,450 | = | 0.0% |
| Current assets | 29/58 | €69,237 | €75,711 | +€6,474 | +9.4% |
| Stocks and contracts in progress | 3 | €986 | €1,326 | +€341 | +34.6% |
| Stocks | 30/36 | €461 | €1,326 | +€866 | +188% |
| Contracts in progress | 37 | €525 | - | -€525 | |
| Amounts receivable within one year | 40/41 | €55,822 | €29,695 | -€26,127 | -46.8% |
| Trade receivables | 40 | €5,853 | €3,811 | -€2,042 | -34.9% |
| Other amounts receivable | 41 | €49,969 | €25,884 | -€24,085 | -48.2% |
| Cash at bank and in hand | 54/58 | €10,689 | €44,259 | +€33,570 | +314% |
| Deferred charges and accrued income | 490/1 | €1,740 | €431 | -€1,309 | -75.2% |
| Total equity and liabilities | 10/49 | €98,235 | €98,442 | +€207 | +0.2% |
| Equity | 10/15 | €48,407 | €58,356 | +€9,949 | +20.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Capital | 10 | €6,200 | €6,200 | = | 0.0% |
| Issued capital | 100 | €18,600 | €18,600 | = | 0.0% |
| Uncalled capital | 101 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,229 | €11,178 | +€9,949 | +810% |
| Non-distributable reserves | 130/1 | €1,229 | €1,229 | = | 0.0% |
| Legal reserve | 130 | €1,229 | €1,229 | = | 0.0% |
| Distributable reserves | 133 | - | €9,949 | +€9,949 | |
| Profit (loss) carried forward | 14 | €40,978 | €40,978 | = | 0.0% |
| Amounts payable | 17/49 | €49,828 | €40,086 | -€9,742 | -19.6% |
| Amounts payable within one year | 42/48 | €49,828 | €40,086 | -€9,742 | -19.6% |
| Trade debts | 44 | €37,293 | €7,811 | -€29,482 | -79.1% |
| Suppliers | 440/4 | €37,293 | €7,811 | -€29,482 | -79.1% |
| Taxes, remuneration and social security | 45 | €10,855 | €30,035 | +€19,180 | +177% |
| Taxes | 450/3 | €10,855 | €30,035 | +€19,180 | +177% |
| Other amounts payable | 47/48 | €1,680 | €2,240 | +€560 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,251 | €7,267 | +€16 | +0.2% |
| Other operating charges | 640/8 | €1,953 | €2,052 | +€99 | +5.1% |
| Gross operating margin | 9900 | -€8,273 | €22,488 | +€30,761 | |
| Operating profit (loss) | 9901 | -€17,477 | €13,169 | +€30,646 | |
| Financial income | 75/76B | €1,807 | €739 | -€1,068 | -59.1% |
| Recurring financial income | 75 | €1,807 | €739 | -€1,068 | -59.1% |
| Financial charges | 65/66B | €176 | €1,696 | +€1,520 | +864% |
| Recurring financial charges | 65 | €176 | €1,696 | +€1,520 | +864% |
| Profit (loss) for the period before taxes | 9903 | -€15,846 | €12,211 | +€28,057 | |
| Income taxes | 67/77 | €157 | €1,462 | +€1,305 | +831% |
| Profit (loss) for the period | 9904 | -€16,003 | €10,749 | +€26,752 | |
| Profit (loss) for the period to be appropriated | 9905 | -€16,003 | €10,749 | +€26,752 |
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 21 October 2026 via checked.be.