De Weerdt: 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 Weerdt
Largest movements
- Financial fixed assets +€162,765
up €162,765 (+88,133%), from €185 to €162,949
- Tangible fixed assets +€89,914
up €89,914 (+166%), from €54,233 to €144,147
- Receivables within one year -€55,703
down €55,703 (-56.4%), from €98,808 to €43,105
of which Other amounts receivable: -€33,328
- Stocks and contracts -€15,242
down €15,242 (-15.9%), from €95,879 to €80,638
- Trade debts +€74,441
up €74,441 (+130%), from €57,101 to €131,542
- Advances received +€28,845
up €28,845, from €0 to €28,845
- Debts after one year +€28,800
new in 2025: €28,800
- Accrued charges and deferred income +€23,500
new in 2025: €23,500
- Reserves +€14,522
up €14,522 (+20.2%), from €71,866 to €86,388
of which Distributable reserves: +€14,522
- Depreciation +€10,790
up €10,790 (+240%), from €4,494 to €15,284
- Gross operating margin -€7,952
down €7,952 (-15.4%), from €51,491 to €43,539
- Other operating charges +€1,229
up €1,229 (+16.1%), from €7,645 to €8,873
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 | €255,107 | €437,776 | +€182,668 | +71.6% |
| Fixed assets | 21/28 | €54,417 | €307,096 | +€252,679 | +464% |
| Tangible fixed assets | 22/27 | €54,233 | €144,147 | +€89,914 | +166% |
| Land and buildings | 22 | €54,233 | €144,147 | +€89,914 | +166% |
| Financial fixed assets | 28 | €185 | €162,949 | +€162,765 | +88,133% |
| Current assets | 29/58 | €200,690 | €130,680 | -€70,010 | -34.9% |
| Stocks and contracts in progress | 3 | €95,879 | €80,638 | -€15,242 | -15.9% |
| Stocks | 30/36 | €95,879 | €80,638 | -€15,242 | -15.9% |
| Amounts receivable within one year | 40/41 | €98,808 | €43,105 | -€55,703 | -56.4% |
| Trade receivables | 40 | €65,153 | €42,778 | -€22,375 | -34.3% |
| Other amounts receivable | 41 | €33,656 | €327 | -€33,328 | -99.0% |
| Cash at bank and in hand | 54/58 | €3,565 | €4,923 | +€1,358 | +38.1% |
| Deferred charges and accrued income | 490/1 | €2,437 | €2,013 | -€424 | -17.4% |
| Total equity and liabilities | 10/49 | €255,107 | €437,776 | +€182,668 | +71.6% |
| Equity | 10/15 | €90,466 | €104,988 | +€14,522 | +16.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €71,866 | €86,388 | +€14,522 | +20.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €70,006 | €84,528 | +€14,522 | +20.7% |
| Amounts payable | 17/49 | €164,642 | €332,788 | +€168,146 | +102% |
| Amounts payable after more than one year | 17 | - | €28,800 | +€28,800 | |
| Financial debts | 170/4 | - | €28,800 | +€28,800 | |
| Amounts payable within one year | 42/48 | €164,642 | €280,488 | +€115,846 | +70.4% |
| Current portion of amounts payable after more than one year | 42 | - | €7,785 | +€7,785 | |
| Financial debts | 43 | €100,000 | €100,000 | = | 0.0% |
| Credit institutions | 430/8 | €100,000 | €100,000 | = | 0.0% |
| Trade debts | 44 | €57,101 | €131,542 | +€74,441 | +130% |
| Suppliers | 440/4 | €57,101 | €131,542 | +€74,441 | +130% |
| Advances received on contracts in progress | 46 | €0 | €28,845 | +€28,845 | |
| Taxes, remuneration and social security | 45 | €6,541 | €9,852 | +€3,311 | +50.6% |
| Taxes | 450/3 | €6,541 | €9,852 | +€3,311 | +50.6% |
| Other amounts payable | 47/48 | €999 | €2,463 | +€1,464 | +146% |
| Accrued charges and deferred income | 492/3 | - | €23,500 | +€23,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,494 | €15,284 | +€10,790 | +240% |
| Other operating charges | 640/8 | €7,645 | €8,873 | +€1,229 | +16.1% |
| Gross operating margin | 9900 | €51,491 | €43,539 | -€7,952 | -15.4% |
| Operating profit (loss) | 9901 | €39,353 | €19,382 | -€19,971 | -50.7% |
| Financial income | 75/76B | €1,069 | €1,328 | +€259 | +24.2% |
| Recurring financial income | 75 | €1,069 | €1,328 | +€259 | +24.2% |
| Financial charges | 65/66B | €6,088 | €6,175 | +€86 | +1.4% |
| Recurring financial charges | 65 | €6,088 | €6,175 | +€86 | +1.4% |
| Profit (loss) for the period before taxes | 9903 | €34,334 | €14,536 | -€19,798 | -57.7% |
| Income taxes | 67/77 | - | €14 | +€14 | |
| Profit (loss) for the period | 9904 | €34,334 | €14,522 | -€19,812 | -57.7% |
| Profit (loss) for the period to be appropriated | 9905 | €34,334 | €14,522 | -€19,812 | -57.7% |
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 16 October 2026 via checked.be.