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
- Receivables within one year -€44,055
down €44,055 (-52.1%), from €84,491 to €40,435
of which Trade receivables: -€49,738
- Tangible fixed assets -€13,884
down €13,884 (-4.0%), from €344,092 to €330,208
of which Leasing and similar rights: -€9,634
- Trade debts -€33,725
down €33,725 (-69.3%), from €48,690 to €14,965
- Debts after one year -€13,884
down €13,884 (-4.7%), from €294,857 to €280,973
- Profit (loss) carried forward +€6,424
up €6,424 (+6.5%), from €98,856 to €105,281
- Other debts -€6,144
down €6,144 (-89.3%), from €6,881 to €737
- Gross operating margin +€10,111
up €10,111 (+10.5%), from €96,737 to €106,848
- Depreciation +€3,398
up €3,398 (+16.3%), from €20,882 to €24,279
- Staff costs +€2,102
up €2,102 (+4.0%), from €52,219 to €54,321
- Financial charges +€1,389
up €1,389 (+9.1%), from €15,226 to €16,616
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €516,524 | €458,241 | -€58,283 | -11.3% |
| Fixed assets | 21/28 | €344,442 | €330,558 | -€13,884 | -4.0% |
| Tangible fixed assets | 22/27 | €344,092 | €330,208 | -€13,884 | -4.0% |
| Land and buildings | 22 | €273,785 | €274,956 | +€1,171 | +0.4% |
| Plant, machinery and equipment | 23 | €13,161 | €9,930 | -€3,230 | -24.5% |
| Furniture and vehicles | 24 | €9,874 | €7,682 | -€2,191 | -22.2% |
| Leasing and similar rights | 25 | €47,273 | €37,639 | -€9,634 | -20.4% |
| Financial fixed assets | 28 | €350 | €350 | = | 0.0% |
| Current assets | 29/58 | €172,082 | €127,682 | -€44,399 | -25.8% |
| Stocks and contracts in progress | 3 | €84,932 | €84,026 | -€906 | -1.1% |
| Stocks | 30/36 | €84,932 | €84,026 | -€906 | -1.1% |
| Amounts receivable within one year | 40/41 | €84,491 | €40,435 | -€44,055 | -52.1% |
| Trade receivables | 40 | €77,337 | €27,599 | -€49,738 | -64.3% |
| Other amounts receivable | 41 | €7,153 | €12,836 | +€5,683 | +79.4% |
| Deferred charges and accrued income | 490/1 | €2,659 | €3,221 | +€562 | +21.1% |
| Total equity and liabilities | 10/49 | €516,524 | €458,241 | -€58,283 | -11.3% |
| Equity | 10/15 | €103,856 | €110,281 | +€6,424 | +6.2% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €98,856 | €105,281 | +€6,424 | +6.5% |
| Amounts payable | 17/49 | €412,668 | €347,960 | -€64,708 | -15.7% |
| Amounts payable after more than one year | 17 | €294,857 | €280,973 | -€13,884 | -4.7% |
| Financial debts | 170/4 | €294,857 | €280,973 | -€13,884 | -4.7% |
| Amounts payable within one year | 42/48 | €117,810 | €66,987 | -€50,823 | -43.1% |
| Current portion of amounts payable after more than one year | 42 | €25,674 | €21,360 | -€4,314 | -16.8% |
| Financial debts | 43 | €34,599 | €29,925 | -€4,674 | -13.5% |
| Credit institutions | 430/8 | €34,599 | €29,925 | -€4,674 | -13.5% |
| Trade debts | 44 | €48,690 | €14,965 | -€33,725 | -69.3% |
| Suppliers | 440/4 | €48,690 | €14,965 | -€33,725 | -69.3% |
| Taxes, remuneration and social security | 45 | €1,966 | €0 | -€1,966 | -100% |
| Remuneration and social security | 454/9 | €1,966 | €0 | -€1,966 | -100% |
| Other amounts payable | 47/48 | €6,881 | €737 | -€6,144 | -89.3% |
| Remuneration, social security and pensions | 62 | €52,219 | €54,321 | +€2,102 | +4.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,882 | €24,279 | +€3,398 | +16.3% |
| Other operating charges | 640/8 | €1,761 | €2,634 | +€872 | +49.5% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €96,737 | €106,848 | +€10,111 | +10.5% |
| Operating profit (loss) | 9901 | €21,875 | €25,614 | +€3,739 | +17.1% |
| Financial income | 75/76B | €50 | €42 | -€8 | -16.8% |
| Recurring financial income | 75 | €50 | €42 | -€8 | -16.8% |
| Financial charges | 65/66B | €15,226 | €16,616 | +€1,389 | +9.1% |
| Recurring financial charges | 65 | €15,226 | €16,616 | +€1,389 | +9.1% |
| Profit (loss) for the period before taxes | 9903 | €6,699 | €9,040 | +€2,341 | +34.9% |
| Income taxes | 67/77 | €2,472 | €2,616 | +€144 | +5.8% |
| Profit (loss) for the period | 9904 | €4,227 | €6,424 | +€2,197 | +52.0% |
| Profit (loss) for the period to be appropriated | 9905 | €4,227 | €6,424 | +€2,197 | +52.0% |
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 1 November 2026 via checked.be.