DEWAELE BART: 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.
DEWAELE BART
Largest movements
- Cash +€134,046
up €134,046 (+94.7%), from €141,608 to €275,654
mainly Net result for the year (+€118,565) and Other debts (+€109,565)
- Tangible fixed assets +€90,278
up €90,278 (+93.0%), from €97,105 to €187,383
of which Land and buildings: +€83,091
- Receivables within one year -€54,124
down €54,124 (-33.2%), from €162,904 to €108,780
of which Trade receivables: -€90,325
- Other debts +€109,565
up €109,565 (+1,891%), from €5,795 to €115,360
- Debts after one year +€56,441
up €56,441 (+135%), from €41,780 to €98,221
- Current portion of long-term debt +€7,423
up €7,423 (+60.7%), from €12,237 to €19,661
- Gross operating margin -€22,334
down €22,334 (-11.1%), from €201,686 to €179,352
- Depreciation +€21,650
up €21,650 (+356%), from €6,076 to €27,726
- Taxes -€10,352
down €10,352 (-23.7%), from €43,720 to €33,368
- Financial income +€4,979
up €4,979 (+882%), from €565 to €5,544
- Financial charges +€2,191
up €2,191 (+95.1%), from €2,304 to €4,495
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 | €402,452 | €576,771 | +€174,319 | +43.3% |
| Fixed assets | 21/28 | €97,105 | €187,383 | +€90,278 | +93.0% |
| Tangible fixed assets | 22/27 | €97,105 | €187,383 | +€90,278 | +93.0% |
| Land and buildings | 22 | €97,004 | €180,095 | +€83,091 | +85.7% |
| Furniture and vehicles | 24 | €101 | €7,288 | +€7,187 | +7,133% |
| Current assets | 29/58 | €305,347 | €389,388 | +€84,041 | +27.5% |
| Amounts receivable within one year | 40/41 | €162,904 | €108,780 | -€54,124 | -33.2% |
| Trade receivables | 40 | €90,325 | €0 | -€90,325 | -100% |
| Other amounts receivable | 41 | €72,578 | €108,780 | +€36,202 | +49.9% |
| Cash at bank and in hand | 54/58 | €141,608 | €275,654 | +€134,046 | +94.7% |
| Deferred charges and accrued income | 490/1 | €835 | €4,953 | +€4,118 | +493% |
| Total equity and liabilities | 10/49 | €402,452 | €576,771 | +€174,319 | +43.3% |
| Equity | 10/15 | €330,083 | €333,647 | +€3,565 | +1.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €311,483 | €315,047 | +€3,565 | +1.1% |
| Distributable reserves | 133 | €311,483 | €315,047 | +€3,565 | +1.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €72,369 | €243,123 | +€170,754 | +236% |
| Amounts payable after more than one year | 17 | €41,780 | €98,221 | +€56,441 | +135% |
| Financial debts | 170/4 | €41,780 | €98,221 | +€56,441 | +135% |
| Amounts payable within one year | 42/48 | €30,484 | €144,902 | +€114,419 | +375% |
| Current portion of amounts payable after more than one year | 42 | €12,237 | €19,661 | +€7,423 | +60.7% |
| Trade debts | 44 | €3,340 | €1,428 | -€1,912 | -57.2% |
| Suppliers | 440/4 | €3,340 | €1,428 | -€1,912 | -57.2% |
| Taxes, remuneration and social security | 45 | €9,111 | €8,454 | -€658 | -7.2% |
| Taxes | 450/3 | €6,593 | €5,876 | -€717 | -10.9% |
| Remuneration and social security | 454/9 | €2,518 | €2,577 | +€59 | +2.3% |
| Other amounts payable | 47/48 | €5,795 | €115,360 | +€109,565 | +1,891% |
| Accrued charges and deferred income | 492/3 | €106 | €0 | -€106 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,076 | €27,726 | +€21,650 | +356% |
| Other operating charges | 640/8 | €720 | €741 | +€21 | +2.9% |
| Gross operating margin | 9900 | €201,686 | €179,352 | -€22,334 | -11.1% |
| Operating profit (loss) | 9901 | €194,890 | €150,884 | -€44,006 | -22.6% |
| Financial income | 75/76B | €565 | €5,544 | +€4,979 | +882% |
| Recurring financial income | 75 | €565 | €5,544 | +€4,979 | +882% |
| Financial charges | 65/66B | €2,304 | €4,495 | +€2,191 | +95.1% |
| Recurring financial charges | 65 | €2,304 | €4,495 | +€2,191 | +95.1% |
| Profit (loss) for the period before taxes | 9903 | €193,151 | €151,933 | -€41,218 | -21.3% |
| Income taxes | 67/77 | €43,720 | €33,368 | -€10,352 | -23.7% |
| Profit (loss) for the period | 9904 | €149,431 | €118,565 | -€30,866 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €149,431 | €118,565 | -€30,866 | -20.7% |
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 28 October 2026 via checked.be.