ALBERT DE WEVER: 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.
ALBERT DE WEVER
Largest movements
- Receivables within one year -€30,351
down €30,351 (-20.6%), from €147,399 to €117,048
of which Trade receivables: -€42,090
- Stocks and contracts +€14,370
up €14,370 (+205%), from €7,010 to €21,380
- Tangible fixed assets -€10,207
down €10,207 (-18.9%), from €53,878 to €43,670
of which Furniture and vehicles: -€9,215
- Contributions -€101,408
down €101,408 (-84.5%), from €120,000 to €18,592
- Reserves +€51,735
up €51,735 (+10.0%), from €519,482 to €571,217
of which Distributable reserves: +€51,735
- Trade debts +€23,380
up €23,380 (+558%), from €4,187 to €27,566
- Depreciation +€7,285
up €7,285 (+129%), from €5,642 to €12,927
- Taxes -€1,542
down €1,542 (-6.7%), from €22,878 to €21,335
- Staff costs +€1,352
up €1,352 (+37.0%), from €3,657 to €5,009
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 | €643,668 | €619,778 | -€23,890 | -3.7% |
| Fixed assets | 21/28 | €55,514 | €45,306 | -€10,207 | -18.4% |
| Tangible fixed assets | 22/27 | €53,878 | €43,670 | -€10,207 | -18.9% |
| Land and buildings | 22 | €3,684 | €2,456 | -€1,228 | -33.3% |
| Plant, machinery and equipment | 23 | €6,762 | €6,998 | +€236 | +3.5% |
| Furniture and vehicles | 24 | €43,431 | €34,216 | -€9,215 | -21.2% |
| Financial fixed assets | 28 | €1,636 | €1,636 | = | 0.0% |
| Current assets | 29/58 | €588,155 | €574,472 | -€13,683 | -2.3% |
| Stocks and contracts in progress | 3 | €7,010 | €21,380 | +€14,370 | +205% |
| Stocks | 30/36 | €7,010 | €21,380 | +€14,370 | +205% |
| Amounts receivable within one year | 40/41 | €147,399 | €117,048 | -€30,351 | -20.6% |
| Trade receivables | 40 | €113,227 | €71,137 | -€42,090 | -37.2% |
| Other amounts receivable | 41 | €34,172 | €45,911 | +€11,739 | +34.4% |
| Cash at bank and in hand | 54/58 | €427,758 | €429,992 | +€2,234 | +0.5% |
| Deferred charges and accrued income | 490/1 | €5,988 | €6,051 | +€63 | +1.1% |
| Total equity and liabilities | 10/49 | €643,668 | €619,778 | -€23,890 | -3.7% |
| Equity | 10/15 | €639,482 | €589,809 | -€49,673 | -7.8% |
| Contributions | 10/11 | €120,000 | €18,592 | -€101,408 | -84.5% |
| Reserves | 13 | €519,482 | €571,217 | +€51,735 | +10.0% |
| Non-distributable reserves | 130/1 | €12,000 | €12,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,000 | €12,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,095 | €1,095 | = | 0.0% |
| Distributable reserves | 133 | €506,387 | €558,122 | +€51,735 | +10.2% |
| Amounts payable | 17/49 | €4,187 | €29,969 | +€25,783 | +616% |
| Amounts payable within one year | 42/48 | €4,187 | €29,969 | +€25,783 | +616% |
| Trade debts | 44 | €4,187 | €27,566 | +€23,380 | +558% |
| Suppliers | 440/4 | €4,187 | €27,566 | +€23,380 | +558% |
| Taxes, remuneration and social security | 45 | - | €2,403 | +€2,403 | |
| Remuneration and social security | 454/9 | - | €2,403 | +€2,403 | |
| Remuneration, social security and pensions | 62 | €3,657 | €5,009 | +€1,352 | +37.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,642 | €12,927 | +€7,285 | +129% |
| Other operating charges | 640/8 | €2,496 | €1,856 | -€639 | -25.6% |
| Gross operating margin | 9900 | €93,662 | €93,987 | +€324 | +0.3% |
| Operating profit (loss) | 9901 | €81,868 | €74,195 | -€7,673 | -9.4% |
| Financial income | 75/76B | €9 | €302 | +€293 | +3,269% |
| Recurring financial income | 75 | €9 | €302 | +€293 | +3,269% |
| Financial charges | 65/66B | €1,344 | €1,426 | +€82 | +6.1% |
| Recurring financial charges | 65 | €1,344 | €1,426 | +€82 | +6.1% |
| Profit (loss) for the period before taxes | 9903 | €80,532 | €73,070 | -€7,462 | -9.3% |
| Income taxes | 67/77 | €22,878 | €21,335 | -€1,542 | -6.7% |
| Profit (loss) for the period | 9904 | €57,655 | €51,735 | -€5,920 | -10.3% |
| Profit (loss) for the period to be appropriated | 9905 | €57,655 | €51,735 | -€5,920 | -10.3% |
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 22 October 2026 via checked.be.