De Verwondering: 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.
De Verwondering
Largest movements
- Cash +€59,203
up €59,203 (+4,558%), from €1,299 to €60,502
mainly Net result for the year (+€31,517) and Depreciation (+€27,316)
- Tangible fixed assets -€27,005
down €27,005 (-11.2%), from €240,938 to €213,933
of which Furniture and vehicles: -€13,979
- Receivables within one year -€8,214
down €8,214 (-4.4%), from €186,596 to €178,382
- Reserves +€31,517
up €31,517 (+12.7%), from €249,071 to €280,588
- Other debts -€5,746
down €5,746 (-6.4%), from €89,341 to €83,595
- Gross operating margin +€77,846
up €77,846, from -€15,484 to €62,361
- Taxes +€3,203
up €3,203 (+2,691%), from €119 to €3,322
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 | €431,863 | €458,010 | +€26,147 | +6.1% |
| Fixed assets | 21/28 | €240,938 | €217,022 | -€23,916 | -9.9% |
| Intangible fixed assets | 21 | - | €3,089 | +€3,089 | |
| Tangible fixed assets | 22/27 | €240,938 | €213,933 | -€27,005 | -11.2% |
| Land and buildings | 22 | €191,262 | €179,953 | -€11,309 | -5.9% |
| Plant, machinery and equipment | 23 | €3,748 | €2,030 | -€1,718 | -45.8% |
| Furniture and vehicles | 24 | €45,929 | €31,950 | -€13,979 | -30.4% |
| Current assets | 29/58 | €190,925 | €240,988 | +€50,063 | +26.2% |
| Amounts receivable within one year | 40/41 | €186,596 | €178,382 | -€8,214 | -4.4% |
| Trade receivables | 40 | €186,596 | €178,382 | -€8,214 | -4.4% |
| Cash at bank and in hand | 54/58 | €1,299 | €60,502 | +€59,203 | +4,558% |
| Deferred charges and accrued income | 490/1 | €3,030 | €2,104 | -€926 | -30.6% |
| Total equity and liabilities | 10/49 | €431,863 | €458,010 | +€26,147 | +6.1% |
| Equity | 10/15 | €332,020 | €363,537 | +€31,517 | +9.5% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €249,071 | €280,588 | +€31,517 | +12.7% |
| Distributable reserves | 133 | €249,071 | €280,588 | +€31,517 | +12.7% |
| Profit (loss) carried forward | 14 | €62,949 | €62,949 | = | 0.0% |
| Amounts payable | 17/49 | €99,843 | €94,473 | -€5,370 | -5.4% |
| Amounts payable within one year | 42/48 | €99,833 | €94,473 | -€5,360 | -5.4% |
| Trade debts | 44 | €2,234 | €630 | -€1,604 | -71.8% |
| Suppliers | 440/4 | €2,234 | €630 | -€1,604 | -71.8% |
| Taxes, remuneration and social security | 45 | €8,257 | €10,248 | +€1,990 | +24.1% |
| Taxes | 450/3 | €8,257 | €10,248 | +€1,990 | +24.1% |
| Other amounts payable | 47/48 | €89,341 | €83,595 | -€5,746 | -6.4% |
| Accrued charges and deferred income | 492/3 | €10 | - | -€10 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,447 | €27,316 | -€131 | -0.5% |
| Other operating charges | 640/8 | €246 | €107 | -€139 | -56.5% |
| Gross operating margin | 9900 | -€15,484 | €62,361 | +€77,846 | |
| Operating profit (loss) | 9901 | -€43,177 | €34,938 | +€78,116 | |
| Financial income | 75/76B | €159 | €2 | -€158 | -99.0% |
| Recurring financial income | 75 | €159 | €2 | -€158 | -99.0% |
| Financial charges | 65/66B | €103 | €102 | -€1 | -1.0% |
| Recurring financial charges | 65 | €103 | €102 | -€1 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | -€43,120 | €34,839 | +€77,959 | |
| Income taxes | 67/77 | €119 | €3,322 | +€3,203 | +2,691% |
| Profit (loss) for the period | 9904 | -€43,239 | €31,517 | +€74,756 | |
| Profit (loss) for the period to be appropriated | 9905 | -€43,239 | €31,517 | +€74,756 |
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 29 October 2026 via checked.be.