WUIDAR STEPHANE: what changed
What changed
WUIDAR STEPHANE
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€1.2m
2024 · €1.8m-€689,403
Equity
€7.5m
2024 · €6.3m+€1.2m
Cash
€833,081
2024 · €1.2m-€347,081
Balance sheet total
€8.9m
2024 · €7.7m+€1.2m
Largest movements
Assets
- Tangible fixed assets +€732,223
up €732,223 (+56.5%), from €1.3m to €2.0m
of which Assets under construction and advance payments: +€764,865
- Financial fixed assets +€709,655
up €709,655 (+23.1%), from €3.1m to €3.8m
- Cash -€347,081
down €347,081 (-29.4%), from €1.2m to €833,081
mainly Investment in fixed assets (net) (-€1.5m) and Debts after one year (-€255,696)
- Current investments +€100,597
up €100,597 (+4.7%), from €2.1m to €2.2m
Equity and liabilities
- Profit (loss) carried forward +€1.2m
up €1.2m (+20.0%), from €5.8m to €6.9m
- Short-term financial debts +€326,890
up €326,890 (+87.6%), from €373,110 to €700,000
- Debts after one year -€255,696
down €255,696 (-28.9%), from €886,037 to €630,342
of which Other amounts payable: -€180,000
Income statement
- Financial income -€481,345
down €481,345 (-28.6%), from €1.7m to €1.2m
- Gross operating margin -€356,208
down €356,208 (-68.1%), from €523,350 to €167,143
- Taxes -€94,390
down €94,390 (-83.8%), from €112,697 to €18,307
- Financial charges -€46,086
down €46,086 (-51.0%), from €90,378 to €44,292
- Staff costs -€7,509
down €7,509 (-9.4%), from €79,577 to €72,069
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
€1.8m
Gross operating margin
-€356,208
Staff costs
+€7,509
Depreciation
-€4,429
Other operating charges
+€4,594
Financial income
-€481,345
Financial charges
+€46,086
Taxes
+€94,390
Result 2025
€1.2m
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
+€1.2m
Investment
-€1.6m
Financing
+€90,055
Cash 2024
€1.2m
From operations (derived)
+€1.2m
Net result for the year
+€1.2m
Depreciation
+€64,823
Receivables within one year
+€32,967
Deferred charges and accrued income
-€5,828
Trade debts
-€4,298
Tax, wage and social debts
-€77,334
Other debts
+€2,424
Investment (derived)
-€1.6m
Investment in fixed assets (net)
-€1.5m
Current investments
-€100,597
Financing
+€90,055
Debts after one year
-€255,696
Current portion of long-term debt
+€18,860
Short-term financial debts
+€326,890
Cash 2025
€833,081
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €7,740,302 | €8,908,556 | +€1.2m | +15.1% |
| Fixed assets | 21/28 | €4,371,582 | €5,813,460 | +€1.4m | +33.0% |
| Tangible fixed assets | 22/27 | €1,295,158 | €2,027,380 | +€732,223 | +56.5% |
| Land and buildings | 22 | €392,744 | €368,778 | -€23,966 | -6.1% |
| Furniture and vehicles | 24 | €40,132 | €58,241 | +€18,109 | +45.1% |
| Leasing and similar rights | 25 | €45,793 | €19,007 | -€26,786 | -58.5% |
| Assets under construction and advance payments | 27 | €816,489 | €1,581,354 | +€764,865 | +93.7% |
| Financial fixed assets | 28 | €3,076,424 | €3,786,079 | +€709,655 | +23.1% |
| Current assets | 29/58 | €3,368,720 | €3,095,097 | -€273,623 | -8.1% |
| Amounts receivable within one year | 40/41 | €32,967 | - | -€32,967 | |
| Trade receivables | 40 | €26,620 | - | -€26,620 | |
| Other amounts receivable | 41 | €6,347 | - | -€6,347 | |
| Current investments | 50/53 | €2,137,662 | €2,238,259 | +€100,597 | +4.7% |
| Cash at bank and in hand | 54/58 | €1,180,162 | €833,081 | -€347,081 | -29.4% |
| Deferred charges and accrued income | 490/1 | €17,929 | €23,757 | +€5,828 | +32.5% |
| Total equity and liabilities | 10/49 | €7,740,302 | €8,908,556 | +€1.2m | +15.1% |
| Equity | 10/15 | €6,313,474 | €7,470,881 | +€1.2m | +18.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €463,920 | €463,920 | = | 0.0% |
| Non-distributable reserves | 130/1 | €118,700 | €118,700 | = | 0.0% |
| Legal reserve | 130 | €118,700 | €118,700 | = | 0.0% |
| Tax-exempt reserves | 132 | €345,220 | €345,220 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,787,554 | €6,944,961 | +€1.2m | +20.0% |
| Amounts payable | 17/49 | €1,426,828 | €1,437,675 | +€10,848 | +0.8% |
| Amounts payable after more than one year | 17 | €886,037 | €630,342 | -€255,696 | -28.9% |
| Financial debts | 170/4 | €506,037 | €430,342 | -€75,696 | -15.0% |
| Other amounts payable | 178/9 | €380,000 | €200,000 | -€180,000 | -47.4% |
| Amounts payable within one year | 42/48 | €540,790 | €807,333 | +€266,543 | +49.3% |
| Current portion of amounts payable after more than one year | 42 | €27,008 | €45,868 | +€18,860 | +69.8% |
| Financial debts | 43 | €373,110 | €700,000 | +€326,890 | +87.6% |
| Credit institutions | 430/8 | €373,110 | €700,000 | +€326,890 | +87.6% |
| Trade debts | 44 | €9,493 | €5,195 | -€4,298 | -45.3% |
| Suppliers | 440/4 | €9,493 | €5,195 | -€4,298 | -45.3% |
| Taxes, remuneration and social security | 45 | €88,384 | €11,050 | -€77,334 | -87.5% |
| Taxes | 450/3 | €79,510 | €4,468 | -€75,042 | -94.4% |
| Remuneration and social security | 454/9 | €8,875 | €6,582 | -€2,292 | -25.8% |
| Other amounts payable | 47/48 | €42,796 | €45,220 | +€2,424 | +5.7% |
| Non-recurring operating income | 76A | €249,425 | - | -€249,425 | |
| Remuneration, social security and pensions | 62 | €79,577 | €72,069 | -€7,509 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,395 | €64,823 | +€4,429 | +7.3% |
| Other operating charges | 640/8 | €15,510 | €10,917 | -€4,594 | -29.6% |
| Gross operating margin | 9900 | €523,350 | €167,143 | -€356,208 | -68.1% |
| Operating profit (loss) | 9901 | €367,868 | €19,334 | -€348,534 | -94.7% |
| Financial income | 75/76B | €1,682,017 | €1,200,672 | -€481,345 | -28.6% |
| Recurring financial income | 75 | €1,682,017 | €1,200,672 | -€481,345 | -28.6% |
| Financial charges | 65/66B | €90,378 | €44,292 | -€46,086 | -51.0% |
| Recurring financial charges | 65 | €90,378 | €44,292 | -€46,086 | -51.0% |
| Profit (loss) for the period before taxes | 9903 | €1,959,507 | €1,175,714 | -€783,793 | -40.0% |
| Income taxes | 67/77 | €112,697 | €18,307 | -€94,390 | -83.8% |
| Profit (loss) for the period | 9904 | €1,846,810 | €1,157,407 | -€689,403 | -37.3% |
| Transfer to tax-exempt reserves | 689 | €138,930 | - | -€138,930 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,707,880 | €1,157,407 | -€550,473 | -32.2% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.