DEWAELE ISABELLE: what changed
DEWAELE ISABELLE
Largest movements
- Current investments +€90,000
up €90,000 (+150%), from €60,000 to €150,000
- Tangible fixed assets +€84,944
up €84,944 (+17.6%), from €481,465 to €566,409
of which Furniture and vehicles: +€103,074
- Receivables within one year -€84,717
down €84,717 (-90.9%), from €93,147 to €8,430
of which Trade receivables: -€89,494
- Deferred charges and accrued income -€59,358
down €59,358 (-95.3%), from €62,270 to €2,913
- Cash +€22,272
up €22,272 (+15.9%), from €140,419 to €162,691
mainly Net result for the year (+€147,480) and Receivables within one year (+€84,717)
- Reserves +€91,010
up €91,010 (+21.9%), from €415,475 to €506,485
- Current portion of long-term debt -€32,845
down €32,845 (-37.8%), from €86,808 to €53,963
- Other debts -€12,086
down €12,086 (-18.5%), from €65,235 to €53,149
- Debts after one year +€10,804
up €10,804 (+4.7%), from €229,588 to €240,392
- Gross operating margin -€41,433
down €41,433 (-14.3%), from €290,020 to €248,587
- Taxes -€12,861
down €12,861 (-22.2%), from €58,050 to €45,189
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €837,302 | €890,443 | +€53,141 | +6.3% |
| Fixed assets | 21/28 | €481,465 | €566,409 | +€84,944 | +17.6% |
| Tangible fixed assets | 22/27 | €481,465 | €566,409 | +€84,944 | +17.6% |
| Land and buildings | 22 | €469,196 | €448,945 | -€20,252 | -4.3% |
| Plant, machinery and equipment | 23 | - | €2,121 | +€2,121 | |
| Furniture and vehicles | 24 | €12,269 | €115,343 | +€103,074 | +840% |
| Current assets | 29/58 | €355,837 | €324,034 | -€31,803 | -8.9% |
| Amounts receivable within one year | 40/41 | €93,147 | €8,430 | -€84,717 | -90.9% |
| Trade receivables | 40 | €90,970 | €1,476 | -€89,494 | -98.4% |
| Other amounts receivable | 41 | €2,177 | €6,954 | +€4,777 | +219% |
| Current investments | 50/53 | €60,000 | €150,000 | +€90,000 | +150% |
| Cash at bank and in hand | 54/58 | €140,419 | €162,691 | +€22,272 | +15.9% |
| Deferred charges and accrued income | 490/1 | €62,270 | €2,913 | -€59,358 | -95.3% |
| Total equity and liabilities | 10/49 | €837,302 | €890,443 | +€53,141 | +6.3% |
| Equity | 10/15 | €434,075 | €525,085 | +€91,010 | +21.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €415,475 | €506,485 | +€91,010 | +21.9% |
| Distributable reserves | 133 | €415,475 | €506,485 | +€91,010 | +21.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €403,227 | €365,358 | -€37,869 | -9.4% |
| Amounts payable after more than one year | 17 | €229,588 | €240,392 | +€10,804 | +4.7% |
| Financial debts | 170/4 | €229,588 | €240,392 | +€10,804 | +4.7% |
| Amounts payable within one year | 42/48 | €173,639 | €124,966 | -€48,673 | -28.0% |
| Current portion of amounts payable after more than one year | 42 | €86,808 | €53,963 | -€32,845 | -37.8% |
| Trade debts | 44 | €6,414 | €4,902 | -€1,512 | -23.6% |
| Suppliers | 440/4 | €6,414 | €4,902 | -€1,512 | -23.6% |
| Taxes, remuneration and social security | 45 | €15,182 | €12,952 | -€2,230 | -14.7% |
| Taxes | 450/3 | €10,775 | €8,542 | -€2,232 | -20.7% |
| Remuneration and social security | 454/9 | €4,408 | €4,410 | +€3 | +0.1% |
| Other amounts payable | 47/48 | €65,235 | €53,149 | -€12,086 | -18.5% |
| Non-recurring operating income | 76A | €15,211 | €0 | -€15,211 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €25,468 | €28,085 | +€2,617 | +10.3% |
| Other operating charges | 640/8 | €2,811 | €2,685 | -€126 | -4.5% |
| Non-recurring operating charges | 66A | €1,323 | €17,152 | +€15,829 | +1,197% |
| Gross operating margin | 9900 | €290,020 | €248,587 | -€41,433 | -14.3% |
| Operating profit (loss) | 9901 | €260,418 | €200,666 | -€59,752 | -22.9% |
| Financial income | 75/76B | €3 | €1,594 | +€1,591 | +55,628% |
| Recurring financial income | 75 | €3 | €1,594 | +€1,591 | +55,628% |
| Financial charges | 65/66B | €9,378 | €9,590 | +€213 | +2.3% |
| Recurring financial charges | 65 | €9,378 | €9,590 | +€213 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €251,043 | €192,669 | -€58,374 | -23.3% |
| Income taxes | 67/77 | €58,050 | €45,189 | -€12,861 | -22.2% |
| Profit (loss) for the period | 9904 | €192,993 | €147,480 | -€45,513 | -23.6% |
| Profit (loss) for the period to be appropriated | 9905 | €192,993 | €147,480 | -€45,513 | -23.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.