BERT WEEMAES: 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.
BERT WEEMAES
Largest movements
- Tangible fixed assets +€189,035
up €189,035 (+6.6%), from €2.8m to €3.0m
of which Land and buildings: +€190,980
- Cash -€188,651
down €188,651 (-97.4%), from €193,670 to €5,018
mainly Investment in fixed assets (net) (-€269,901) and Debts after one year (-€130,715)
- Receivables within one year -€48,712
down €48,712 (-43.3%), from €112,623 to €63,911
of which Other amounts receivable: -€41,218
- Debts after one year -€130,715
down €130,715 (-6.8%), from €1.9m to €1.8m
- Reserves +€89,995
up €89,995 (+16.3%), from €551,782 to €641,776
- Other debts -€44,542
down €44,542 (-17.4%), from €256,565 to €212,022
- Financial charges +€63,250
up €63,250 (+340.6%), from €18,568 to €81,818
- Gross operating margin +€44,027
up €44,027 (+18.2%), from €242,187 to €286,214
- Depreciation -€8,465
down €8,465 (-9.5%), from €88,920 to €80,455
- Taxes -€5,593
down €5,593 (-16.7%), from €33,545 to €27,952
- Financial income -€3,868
down €3,868 (-93.1%), from €4,155 to €287
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 | €3,182,770 | €3,132,353 | -€50,417 | -1.6% |
| Fixed assets | 21/28 | €2,862,273 | €3,051,718 | +€189,445 | +6.6% |
| Tangible fixed assets | 22/27 | €2,849,773 | €3,038,808 | +€189,035 | +6.6% |
| Land and buildings | 22 | €2,845,016 | €3,035,997 | +€190,980 | +6.7% |
| Plant, machinery and equipment | 23 | €177 | €0 | -€177 | -100.0% |
| Furniture and vehicles | 24 | €4,579 | €2,812 | -€1,767 | -38.6% |
| Financial fixed assets | 28 | €12,500 | €12,910 | +€410 | +3.3% |
| Current assets | 29/58 | €320,497 | €80,635 | -€239,862 | -74.8% |
| Amounts receivable within one year | 40/41 | €112,623 | €63,911 | -€48,712 | -43.3% |
| Trade receivables | 40 | €48,925 | €41,431 | -€7,494 | -15.3% |
| Other amounts receivable | 41 | €63,698 | €22,480 | -€41,218 | -64.7% |
| Cash at bank and in hand | 54/58 | €193,670 | €5,018 | -€188,651 | -97.4% |
| Deferred charges and accrued income | 490/1 | €14,205 | €11,705 | -€2,499 | -17.6% |
| Total equity and liabilities | 10/49 | €3,182,770 | €3,132,353 | -€50,417 | -1.6% |
| Equity | 10/15 | €570,332 | €660,326 | +€89,995 | +15.8% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €551,782 | €641,776 | +€89,995 | +16.3% |
| Distributable reserves | 133 | €551,782 | €641,776 | +€89,995 | +16.3% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €2,612,438 | €2,472,026 | -€140,412 | -5.4% |
| Amounts payable after more than one year | 17 | €1,910,811 | €1,780,096 | -€130,715 | -6.8% |
| Financial debts | 170/4 | €1,910,811 | €1,780,096 | -€130,715 | -6.8% |
| Amounts payable within one year | 42/48 | €701,627 | €691,930 | -€9,696 | -1.4% |
| Current portion of amounts payable after more than one year | 42 | €129,363 | €137,938 | +€8,574 | +6.6% |
| Financial debts | 43 | €262,893 | €262,876 | -€16 | 0.0% |
| Credit institutions | 430/8 | €262,893 | €262,876 | -€16 | 0.0% |
| Trade debts | 44 | €29,848 | €50,561 | +€20,713 | +69.4% |
| Suppliers | 440/4 | €29,848 | €50,561 | +€20,713 | +69.4% |
| Taxes, remuneration and social security | 45 | €22,958 | €28,534 | +€5,575 | +24.3% |
| Taxes | 450/3 | €22,958 | €28,534 | +€5,575 | +24.3% |
| Other amounts payable | 47/48 | €256,565 | €212,022 | -€44,542 | -17.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €88,920 | €80,455 | -€8,465 | -9.5% |
| Other operating charges | 640/8 | €3,291 | €6,281 | +€2,990 | +90.9% |
| Gross operating margin | 9900 | €242,187 | €286,214 | +€44,027 | +18.2% |
| Operating profit (loss) | 9901 | €149,976 | €199,478 | +€49,502 | +33.0% |
| Financial income | 75/76B | €4,155 | €287 | -€3,868 | -93.1% |
| Recurring financial income | 75 | €4,155 | €287 | -€3,868 | -93.1% |
| Financial charges | 65/66B | €18,568 | €81,818 | +€63,250 | +340.6% |
| Recurring financial charges | 65 | €18,568 | €81,818 | +€63,250 | +340.6% |
| Profit (loss) for the period before taxes | 9903 | €135,563 | €117,947 | -€17,616 | -13.0% |
| Income taxes | 67/77 | €33,545 | €27,952 | -€5,593 | -16.7% |
| Profit (loss) for the period | 9904 | €102,018 | €89,995 | -€12,023 | -11.8% |
| Profit (loss) for the period to be appropriated | 9905 | €102,018 | €89,995 | -€12,023 | -11.8% |
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 11 October 2026 via checked.be.