BARBARA VANWETSWINKEL: what changed
Two fiscal 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.
BARBARA VANWETSWINKEL
Largest movements
- Cash +€50,580
up €50,580 (+36.8%), from €137,478 to €188,058
mainly Net result for the year (+€68,968) and Depreciation (+€20,823)
- Intangible fixed assets -€11,789
down €11,789 (-28.8%), from €40,907 to €29,118
- Tangible fixed assets -€7,675
down €7,675 (-34.0%), from €22,547 to €14,872
- Receivables within one year +€6,952
up €6,952 (+22.7%), from €30,602 to €37,554
- Reserves +€56,900
up €56,900 (+27.2%), from €209,310 to €266,210
of which Distributable reserves: +€56,900
- Trade debts -€11,375
down €11,375 (-82.2%), from €13,843 to €2,468
- Tax, wage and social debts -€4,139
down €4,139 (-24.1%), from €17,152 to €13,013
of which Taxes: -€6,389
- Gross operating margin -€11,659
down €11,659 (-9.3%), from €125,848 to €114,189
- Taxes -€2,781
down €2,781 (-10.8%), from €25,774 to €22,993
- Depreciation +€1,327
up €1,327 (+6.8%), from €19,496 to €20,823
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.
Cash bridge derived
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 | €289,194 | €328,447 | +€39,253 | +13.6% |
| Fixed assets | 21/28 | €63,454 | €43,990 | -€19,464 | -30.7% |
| Intangible fixed assets | 21 | €40,907 | €29,118 | -€11,789 | -28.8% |
| Tangible fixed assets | 22/27 | €22,547 | €14,872 | -€7,675 | -34.0% |
| Furniture and vehicles | 24 | €22,547 | €14,872 | -€7,675 | -34.0% |
| Current assets | 29/58 | €225,740 | €284,457 | +€58,717 | +26.0% |
| Amounts receivable after more than one year | 29 | €55,000 | €55,000 | = | 0.0% |
| Other amounts receivable | 291 | €55,000 | €55,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €30,602 | €37,554 | +€6,952 | +22.7% |
| Other amounts receivable | 41 | €30,602 | €37,554 | +€6,952 | +22.7% |
| Cash at bank and in hand | 54/58 | €137,478 | €188,058 | +€50,580 | +36.8% |
| Deferred charges and accrued income | 490/1 | €2,660 | €3,845 | +€1,185 | +44.5% |
| Total equity and liabilities | 10/49 | €289,194 | €328,447 | +€39,253 | +13.6% |
| Equity | 10/15 | €239,052 | €296,020 | +€56,968 | +23.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €209,310 | €266,210 | +€56,900 | +27.2% |
| Tax-exempt reserves | 132 | €18,500 | €18,500 | = | 0.0% |
| Distributable reserves | 133 | €190,810 | €247,710 | +€56,900 | +29.8% |
| Profit (loss) carried forward | 14 | €17,342 | €17,410 | +€68 | +0.4% |
| Amounts payable | 17/49 | €50,142 | €32,427 | -€17,715 | -35.3% |
| Amounts payable after more than one year | 17 | €732 | - | -€732 | |
| Financial debts | 170/4 | €732 | - | -€732 | |
| Amounts payable within one year | 42/48 | €45,209 | €28,219 | -€16,990 | -37.6% |
| Current portion of amounts payable after more than one year | 42 | €2,214 | €738 | -€1,476 | -66.7% |
| Trade debts | 44 | €13,843 | €2,468 | -€11,375 | -82.2% |
| Suppliers | 440/4 | €13,843 | €2,468 | -€11,375 | -82.2% |
| Taxes, remuneration and social security | 45 | €17,152 | €13,013 | -€4,139 | -24.1% |
| Taxes | 450/3 | €17,152 | €10,763 | -€6,389 | -37.2% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €12,000 | €12,000 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,201 | €4,208 | +€7 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,496 | €20,823 | +€1,327 | +6.8% |
| Gross operating margin | 9900 | €125,848 | €114,189 | -€11,659 | -9.3% |
| Operating profit (loss) | 9901 | €106,352 | €93,366 | -€12,986 | -12.2% |
| Financial income | 75/76B | €417 | €779 | +€362 | +86.8% |
| Recurring financial income | 75 | €417 | €779 | +€362 | +86.8% |
| Financial charges | 65/66B | €2,543 | €2,184 | -€359 | -14.1% |
| Recurring financial charges | 65 | €2,543 | €2,184 | -€359 | -14.1% |
| Profit (loss) for the period before taxes | 9903 | €104,226 | €91,961 | -€12,265 | -11.8% |
| Income taxes | 67/77 | €25,774 | €22,993 | -€2,781 | -10.8% |
| Profit (loss) for the period | 9904 | €78,452 | €68,968 | -€9,484 | -12.1% |
| Profit (loss) for the period to be appropriated | 9905 | €78,452 | €68,968 | -€9,484 | -12.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 July 2024 and 31 July 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.