WYSEURE-MAESEELE: 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.
WYSEURE-MAESEELE
Largest movements
- Tangible fixed assets +€34,038
new in 2025: €34,038
- Cash -€26,476
down €26,476 (-17.1%), from €154,593 to €128,117
mainly Investment in fixed assets (net) (-€41,603) and Contributions, distributions and other (-€17,466)
- Receivables within one year +€15,172
up €15,172 (+38.8%), from €39,140 to €54,312
of which Trade receivables: +€16,936
- Other debts +€17,114
new in 2025: €17,114
- Tax, wage and social debts +€6,265
up €6,265 (+44.7%), from €14,019 to €20,284
of which Remuneration and social security: +€3,648
- Reserves +€3,766
up €3,766 (+2.2%), from €173,261 to €177,027
- Trade debts -€3,076
down €3,076 (-38.1%), from €8,082 to €5,007
- Gross operating margin +€13,041
up €13,041 (+15.6%), from €83,525 to €96,565
- Depreciation +€7,513
new in 2025: €7,513
- Taxes +€1,969
up €1,969 (+26.9%), from €7,322 to €9,291
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 | €202,778 | €225,631 | +€22,853 | +11.3% |
| Fixed assets | 21/28 | €8,032 | €42,122 | +€34,090 | +424% |
| Tangible fixed assets | 22/27 | - | €34,038 | +€34,038 | |
| Furniture and vehicles | 24 | - | €34,038 | +€34,038 | |
| Financial fixed assets | 28 | €8,032 | €8,083 | +€51 | +0.6% |
| Current assets | 29/58 | €194,746 | €183,509 | -€11,237 | -5.8% |
| Amounts receivable within one year | 40/41 | €39,140 | €54,312 | +€15,172 | +38.8% |
| Trade receivables | 40 | €33,919 | €50,855 | +€16,936 | +49.9% |
| Other amounts receivable | 41 | €5,221 | €3,457 | -€1,764 | -33.8% |
| Cash at bank and in hand | 54/58 | €154,593 | €128,117 | -€26,476 | -17.1% |
| Deferred charges and accrued income | 490/1 | €1,013 | €1,080 | +€67 | +6.6% |
| Total equity and liabilities | 10/49 | €202,778 | €225,631 | +€22,853 | +11.3% |
| Equity | 10/15 | €179,461 | €183,227 | +€3,766 | +2.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €173,261 | €177,027 | +€3,766 | +2.2% |
| Distributable reserves | 133 | €173,261 | €177,027 | +€3,766 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €23,317 | €42,404 | +€19,087 | +81.9% |
| Amounts payable within one year | 42/48 | €22,101 | €42,404 | +€20,303 | +91.9% |
| Trade debts | 44 | €8,082 | €5,007 | -€3,076 | -38.1% |
| Suppliers | 440/4 | €8,082 | €5,007 | -€3,076 | -38.1% |
| Taxes, remuneration and social security | 45 | €14,019 | €20,284 | +€6,265 | +44.7% |
| Taxes | 450/3 | €2,368 | €4,985 | +€2,617 | +111% |
| Remuneration and social security | 454/9 | €11,651 | €15,299 | +€3,648 | +31.3% |
| Other amounts payable | 47/48 | - | €17,114 | +€17,114 | |
| Accrued charges and deferred income | 492/3 | €1,216 | €0 | -€1,216 | -100% |
| Remuneration, social security and pensions | 62 | €57,168 | €56,971 | -€196 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €7,513 | +€7,513 | |
| Other operating charges | 640/8 | €874 | €528 | -€347 | -39.6% |
| Gross operating margin | 9900 | €83,525 | €96,565 | +€13,041 | +15.6% |
| Operating profit (loss) | 9901 | €25,483 | €31,553 | +€6,070 | +23.8% |
| Financial income | 75/76B | €1,261 | €1,178 | -€83 | -6.6% |
| Recurring financial income | 75 | €1,261 | €1,178 | -€83 | -6.6% |
| Financial charges | 65/66B | €2,514 | €2,208 | -€306 | -12.2% |
| Recurring financial charges | 65 | €2,514 | €2,208 | -€306 | -12.2% |
| Profit (loss) for the period before taxes | 9903 | €24,229 | €30,523 | +€6,294 | +26.0% |
| Income taxes | 67/77 | €7,322 | €9,291 | +€1,969 | +26.9% |
| Profit (loss) for the period | 9904 | €16,907 | €21,232 | +€4,325 | +25.6% |
| Profit (loss) for the period to be appropriated | 9905 | €16,907 | €21,232 | +€4,325 | +25.6% |
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 30 October 2026 via checked.be.