De Wandelbrug: 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 Wandelbrug
Largest movements
- Tangible fixed assets -€73,914
down €73,914 (-6.3%), from €1.2m to €1.1m
of which Land and buildings: -€61,238
- Cash +€57,481
up €57,481 (+134%), from €42,997 to €100,478
mainly Net result for the year (+€164,819) and Depreciation (+€88,415)
- Receivables after one year -€35,543
down €35,543 (-5.3%), from €664,861 to €629,319
- Debts after one year -€72,783
down €72,783 (-13.2%), from €550,983 to €478,201
- Other debts +€31,937
up €31,937 (+1,414%), from €2,259 to €34,195
- Reserves +€23,287
up €23,287 (+3.4%), from €677,881 to €701,168
- Taxes +€15,734
up €15,734 (+24.8%), from €63,332 to €79,066
- Staff costs -€11,596
no longer reported in 2025 (was €11,596)
- Financial income +€9,686
up €9,686 (+255%), from €3,804 to €13,490
- Depreciation -€4,295
down €4,295 (-4.6%), from €92,710 to €88,415
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 | €2,139,193 | €2,109,787 | -€29,407 | -1.4% |
| Fixed assets | 21/28 | €1,169,801 | €1,098,887 | -€70,914 | -6.1% |
| Tangible fixed assets | 22/27 | €1,169,688 | €1,095,774 | -€73,914 | -6.3% |
| Land and buildings | 22 | €1,051,041 | €989,802 | -€61,238 | -5.8% |
| Plant, machinery and equipment | 23 | €29,270 | €31,681 | +€2,411 | +8.2% |
| Furniture and vehicles | 24 | €82,287 | €67,200 | -€15,087 | -18.3% |
| Other tangible fixed assets | 26 | €7,090 | €7,090 | = | 0.0% |
| Financial fixed assets | 28 | €113 | €3,113 | +€3,000 | +2,667% |
| Current assets | 29/58 | €969,393 | €1,010,900 | +€41,507 | +4.3% |
| Amounts receivable after more than one year | 29 | €664,861 | €629,319 | -€35,543 | -5.3% |
| Other amounts receivable | 291 | €664,861 | €629,319 | -€35,543 | -5.3% |
| Amounts receivable within one year | 40/41 | €73,310 | €92,747 | +€19,437 | +26.5% |
| Trade receivables | 40 | €65,600 | €85,037 | +€19,437 | +29.6% |
| Other amounts receivable | 41 | €7,710 | €7,710 | = | 0.0% |
| Current investments | 50/53 | €184,755 | €184,755 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €42,997 | €100,478 | +€57,481 | +134% |
| Deferred charges and accrued income | 490/1 | €3,470 | €3,602 | +€132 | +3.8% |
| Total equity and liabilities | 10/49 | €2,139,193 | €2,109,787 | -€29,407 | -1.4% |
| Equity | 10/15 | €1,453,234 | €1,476,522 | +€23,287 | +1.6% |
| Contributions | 10/11 | €231,385 | €231,385 | = | 0.0% |
| Reserves | 13 | €677,881 | €701,168 | +€23,287 | +3.4% |
| Distributable reserves | 133 | €677,881 | €701,168 | +€23,287 | +3.4% |
| Profit (loss) carried forward | 14 | €543,968 | €543,968 | = | 0.0% |
| Amounts payable | 17/49 | €685,959 | €633,265 | -€52,694 | -7.7% |
| Amounts payable after more than one year | 17 | €550,983 | €478,201 | -€72,783 | -13.2% |
| Financial debts | 170/4 | €550,983 | €478,201 | -€72,783 | -13.2% |
| Amounts payable within one year | 42/48 | €134,976 | €155,064 | +€20,088 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €85,844 | €72,783 | -€13,061 | -15.2% |
| Trade debts | 44 | €5,428 | €2,171 | -€3,257 | -60.0% |
| Suppliers | 440/4 | €5,428 | €2,171 | -€3,257 | -60.0% |
| Taxes, remuneration and social security | 45 | €41,446 | €45,916 | +€4,470 | +10.8% |
| Taxes | 450/3 | €41,446 | €45,916 | +€4,470 | +10.8% |
| Other amounts payable | 47/48 | €2,259 | €34,195 | +€31,937 | +1,414% |
| Remuneration, social security and pensions | 62 | €11,596 | - | -€11,596 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €92,710 | €88,415 | -€4,295 | -4.6% |
| Other operating charges | 640/8 | €7,066 | €7,095 | +€29 | +0.4% |
| Gross operating margin | 9900 | €336,242 | €333,613 | -€2,629 | -0.8% |
| Operating profit (loss) | 9901 | €224,870 | €238,102 | +€13,233 | +5.9% |
| Financial income | 75/76B | €3,804 | €13,490 | +€9,686 | +255% |
| Recurring financial income | 75 | €3,804 | €13,490 | +€9,686 | +255% |
| Financial charges | 65/66B | €11,000 | €7,708 | -€3,293 | -29.9% |
| Recurring financial charges | 65 | €11,000 | €7,708 | -€3,293 | -29.9% |
| Profit (loss) for the period before taxes | 9903 | €217,674 | €243,885 | +€26,212 | +12.0% |
| Income taxes | 67/77 | €63,332 | €79,066 | +€15,734 | +24.8% |
| Profit (loss) for the period | 9904 | €154,342 | €164,819 | +€10,477 | +6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,342 | €164,819 | +€10,477 | +6.8% |
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 30 October 2026 via checked.be.