DE WENDING: 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 WENDING
Largest movements
- Cash +€7,916
up €7,916 (+38.4%), from €20,592 to €28,508
mainly Net result for the year (+€9,174) and Other debts (+€2,800)
- Deferred charges and accrued income +€2,390
up €2,390 (+49.7%), from €4,806 to €7,196
- Reserves +€5,174
up €5,174 (+64.1%), from €8,066 to €13,241
- Other debts +€2,800
new in 2025: €2,800
- Tax, wage and social debts +€1,249
up €1,249 (+27.3%), from €4,567 to €5,816
- Trade debts +€1,087
up €1,087 (+269%), from €404 to €1,491
- Gross operating margin +€5,406
up €5,406 (+51.2%), from €10,562 to €15,968
- Financial charges +€1,017
up €1,017 (+881%), from €115 to €1,132
- Taxes +€831
up €831 (+18.9%), from €4,393 to €5,223
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 | €28,538 | €38,848 | +€10,310 | +36.1% |
| Fixed assets | 21/28 | €800 | €800 | = | 0.0% |
| Financial fixed assets | 28 | €800 | €800 | = | 0.0% |
| Current assets | 29/58 | €27,738 | €38,048 | +€10,310 | +37.2% |
| Amounts receivable within one year | 40/41 | €2,339 | €2,344 | +€4 | +0.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €2,339 | €2,344 | +€4 | +0.2% |
| Cash at bank and in hand | 54/58 | €20,592 | €28,508 | +€7,916 | +38.4% |
| Deferred charges and accrued income | 490/1 | €4,806 | €7,196 | +€2,390 | +49.7% |
| Total equity and liabilities | 10/49 | €28,538 | €38,848 | +€10,310 | +36.1% |
| Equity | 10/15 | €23,566 | €28,741 | +€5,174 | +22.0% |
| Contributions | 10/11 | €15,500 | €15,500 | = | 0.0% |
| Reserves | 13 | €8,066 | €13,241 | +€5,174 | +64.1% |
| Distributable reserves | 133 | €8,066 | €13,241 | +€5,174 | +64.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,971 | €10,107 | +€5,136 | +103% |
| Amounts payable within one year | 42/48 | €4,971 | €10,107 | +€5,136 | +103% |
| Trade debts | 44 | €404 | €1,491 | +€1,087 | +269% |
| Suppliers | 440/4 | €404 | €1,491 | +€1,087 | +269% |
| Taxes, remuneration and social security | 45 | €4,567 | €5,816 | +€1,249 | +27.3% |
| Taxes | 450/3 | €4,567 | €5,816 | +€1,249 | +27.3% |
| Other amounts payable | 47/48 | - | €2,800 | +€2,800 | |
| Non-recurring operating income | 76A | - | €7,774 | +€7,774 | |
| Other operating charges | 640/8 | €663 | €568 | -€95 | -14.3% |
| Gross operating margin | 9900 | €10,562 | €15,968 | +€5,406 | +51.2% |
| Operating profit (loss) | 9901 | €9,899 | €15,399 | +€5,500 | +55.6% |
| Financial income | 75/76B | €130 | €130 | +€1 | +0.5% |
| Recurring financial income | 75 | €130 | €130 | +€1 | +0.5% |
| Financial charges | 65/66B | €115 | €1,132 | +€1,017 | +881% |
| Recurring financial charges | 65 | €115 | €1,132 | +€1,017 | +881% |
| Profit (loss) for the period before taxes | 9903 | €9,913 | €14,398 | +€4,484 | +45.2% |
| Income taxes | 67/77 | €4,393 | €5,223 | +€831 | +18.9% |
| Profit (loss) for the period | 9904 | €5,521 | €9,174 | +€3,654 | +66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €5,521 | €9,174 | +€3,654 | +66.2% |
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 15 October 2026 via checked.be.