WOUTERS ROEL: 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 ROEL
Largest movements
- Cash -€62,621
down €62,621 (-70.2%), from €89,202 to €26,581
mainly Receivables within one year (-€52,822) and Contributions, distributions and other (-€20,000)
- Receivables within one year +€52,822
up €52,822 (+297%), from €17,757 to €70,579
of which Other amounts receivable: +€46,541
- Tangible fixed assets -€5,934
down €5,934 (-23.8%), from €24,902 to €18,968
of which Furniture and vehicles: -€7,160
- Stocks and contracts -€1,899
down €1,899 (-18.3%), from €10,351 to €8,452
of which Contracts in progress: -€3,800
- Contributions -€20,000
no longer reported in 2025 (was €20,000)
- Debts after one year -€5,298
down €5,298 (-41.7%), from €12,698 to €7,400
- Tax, wage and social debts +€3,750
up €3,750 (+152%), from €2,473 to €6,223
- Trade debts +€3,105
up €3,105 (+133%), from €2,342 to €5,447
- Reserves +€1,750
up €1,750 (+1.8%), from €98,000 to €99,750
- Gross operating margin -€18,221
down €18,221 (-58.5%), from €31,171 to €12,949
- Taxes -€4,705
down €4,705 (-82.2%), from €5,723 to €1,018
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 | €142,744 | €125,084 | -€17,660 | -12.4% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €24,902 | €18,968 | -€5,934 | -23.8% |
| Tangible fixed assets | 22/27 | €24,902 | €18,968 | -€5,934 | -23.8% |
| Plant, machinery and equipment | 23 | €2,058 | €3,284 | +€1,226 | +59.6% |
| Furniture and vehicles | 24 | €22,844 | €15,684 | -€7,160 | -31.3% |
| Current assets | 29/58 | €117,842 | €106,117 | -€11,725 | -9.9% |
| Stocks and contracts in progress | 3 | €10,351 | €8,452 | -€1,899 | -18.3% |
| Stocks | 30/36 | €6,551 | €8,452 | +€1,901 | +29.0% |
| Contracts in progress | 37 | €3,800 | - | -€3,800 | |
| Amounts receivable within one year | 40/41 | €17,757 | €70,579 | +€52,822 | +297% |
| Trade receivables | 40 | €16,408 | €22,690 | +€6,281 | +38.3% |
| Other amounts receivable | 41 | €1,349 | €47,889 | +€46,541 | +3,451% |
| Cash at bank and in hand | 54/58 | €89,202 | €26,581 | -€62,621 | -70.2% |
| Deferred charges and accrued income | 490/1 | €531 | €504 | -€27 | -5.1% |
| Total equity and liabilities | 10/49 | €142,744 | €125,084 | -€17,660 | -12.4% |
| Equity | 10/15 | €118,958 | €100,716 | -€18,242 | -15.3% |
| Contributions | 10/11 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €98,000 | €99,750 | +€1,750 | +1.8% |
| Distributable reserves | 133 | €98,000 | €99,750 | +€1,750 | +1.8% |
| Profit (loss) carried forward | 14 | €958 | €966 | +€8 | +0.9% |
| Amounts payable | 17/49 | €23,786 | €24,368 | +€582 | +2.4% |
| Amounts payable after more than one year | 17 | €12,698 | €7,400 | -€5,298 | -41.7% |
| Financial debts | 170/4 | €12,698 | €7,400 | -€5,298 | -41.7% |
| Amounts payable within one year | 42/48 | €11,088 | €16,968 | +€5,881 | +53.0% |
| Current portion of amounts payable after more than one year | 42 | €5,092 | €5,298 | +€206 | +4.1% |
| Trade debts | 44 | €2,342 | €5,447 | +€3,105 | +133% |
| Suppliers | 440/4 | €2,342 | €5,447 | +€3,105 | +133% |
| Advances received on contracts in progress | 46 | €400 | - | -€400 | |
| Taxes, remuneration and social security | 45 | €2,473 | €6,223 | +€3,750 | +152% |
| Taxes | 450/3 | €2,473 | €6,223 | +€3,750 | +152% |
| Other amounts payable | 47/48 | €781 | - | -€781 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,699 | €8,627 | -€72 | -0.8% |
| Other operating charges | 640/8 | €922 | €879 | -€43 | -4.7% |
| Gross operating margin | 9900 | €31,171 | €12,949 | -€18,221 | -58.5% |
| Operating profit (loss) | 9901 | €21,550 | €3,444 | -€18,106 | -84.0% |
| Financial income | 75/76B | €61 | €2 | -€59 | -97.4% |
| Recurring financial income | 75 | €61 | €2 | -€59 | -97.4% |
| Financial charges | 65/66B | €868 | €669 | -€198 | -22.8% |
| Recurring financial charges | 65 | €868 | €669 | -€198 | -22.8% |
| Profit (loss) for the period before taxes | 9903 | €20,743 | €2,776 | -€17,967 | -86.6% |
| Income taxes | 67/77 | €5,723 | €1,018 | -€4,705 | -82.2% |
| Profit (loss) for the period | 9904 | €15,020 | €1,758 | -€13,262 | -88.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,020 | €1,758 | -€13,262 | -88.3% |
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.