WOUTER EVERAERTS: 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.
WOUTER EVERAERTS
Largest movements
- Cash +€199,384
up €199,384 (+147%), from €135,652 to €335,036
mainly Net result for the year (+€105,402) and Current investments (+€100,000)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€21,777
down €21,777 (-31.9%), from €68,296 to €46,518
of which Furniture and vehicles: -€21,640
- Reserves +€105,402
up €105,402 (+46.7%), from €225,488 to €330,890
of which Distributable reserves: +€105,402
- Other debts -€23,308
no longer reported in 2025 (was €23,308)
- Debts after one year -€16,594
down €16,594 (-40.2%), from €41,264 to €24,670
- Tax, wage and social debts +€12,554
up €12,554 (+69.0%), from €18,188 to €30,742
of which Taxes: +€12,014
- Gross operating margin +€37,402
up €37,402 (+27.7%), from €134,971 to €172,373
- Taxes +€12,262
up €12,262 (+38.9%), from €31,503 to €43,765
- Financial income +€3,238
up €3,238 (+462,577%), from €1 to €3,239
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 | €335,972 | €414,019 | +€78,048 | +23.2% |
| Fixed assets | 21/28 | €68,296 | €46,518 | -€21,777 | -31.9% |
| Tangible fixed assets | 22/27 | €68,296 | €46,518 | -€21,777 | -31.9% |
| Plant, machinery and equipment | 23 | €138 | - | -€138 | |
| Furniture and vehicles | 24 | €68,158 | €46,518 | -€21,640 | -31.7% |
| Current assets | 29/58 | €267,676 | €367,501 | +€99,825 | +37.3% |
| Amounts receivable within one year | 40/41 | €32,024 | €32,060 | +€36 | +0.1% |
| Trade receivables | 40 | €32,024 | €32,060 | +€36 | +0.1% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €135,652 | €335,036 | +€199,384 | +147% |
| Deferred charges and accrued income | 490/1 | - | €404 | +€404 | |
| Total equity and liabilities | 10/49 | €335,972 | €414,019 | +€78,048 | +23.2% |
| Equity | 10/15 | €231,688 | €337,090 | +€105,402 | +45.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €225,488 | €330,890 | +€105,402 | +46.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €223,628 | €329,030 | +€105,402 | +47.1% |
| Amounts payable | 17/49 | €104,284 | €76,930 | -€27,354 | -26.2% |
| Amounts payable after more than one year | 17 | €41,264 | €24,670 | -€16,594 | -40.2% |
| Financial debts | 170/4 | €41,264 | €24,670 | -€16,594 | -40.2% |
| Amounts payable within one year | 42/48 | €63,020 | €52,260 | -€10,760 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €15,946 | €16,594 | +€648 | +4.1% |
| Trade debts | 44 | €5,577 | €4,923 | -€654 | -11.7% |
| Suppliers | 440/4 | €5,577 | €4,923 | -€654 | -11.7% |
| Taxes, remuneration and social security | 45 | €18,188 | €30,742 | +€12,554 | +69.0% |
| Taxes | 450/3 | €13,143 | €25,157 | +€12,014 | +91.4% |
| Remuneration and social security | 454/9 | €5,045 | €5,585 | +€540 | +10.7% |
| Other amounts payable | 47/48 | €23,308 | - | -€23,308 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,872 | €22,786 | -€86 | -0.4% |
| Other operating charges | 640/8 | €820 | €1,178 | +€358 | +43.7% |
| Gross operating margin | 9900 | €134,971 | €172,373 | +€37,402 | +27.7% |
| Operating profit (loss) | 9901 | €111,279 | €148,410 | +€37,130 | +33.4% |
| Financial income | 75/76B | €1 | €3,239 | +€3,238 | +462,577% |
| Recurring financial income | 75 | €1 | €3,239 | +€3,238 | +462,577% |
| Financial charges | 65/66B | €2,902 | €2,482 | -€421 | -14.5% |
| Recurring financial charges | 65 | €2,902 | €2,482 | -€421 | -14.5% |
| Profit (loss) for the period before taxes | 9903 | €108,378 | €149,167 | +€40,789 | +37.6% |
| Income taxes | 67/77 | €31,503 | €43,765 | +€12,262 | +38.9% |
| Profit (loss) for the period | 9904 | €76,875 | €105,402 | +€28,527 | +37.1% |
| Profit (loss) for the period to be appropriated | 9905 | €76,875 | €105,402 | +€28,527 | +37.1% |
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 25 October 2026 via checked.be.