DEWULF Nadine: what changed
DEWULF Nadine
Largest movements
- Tangible fixed assets -€10,388
down €10,388 (-21.8%), from €47,542 to €37,154
of which Furniture and vehicles: -€8,164
- Receivables within one year +€9,078
up €9,078 (+174%), from €5,206 to €14,283
of which Other amounts receivable: +€9,779
- Cash +€3,840
new in 2026: €3,840
mainly Net result for the year (+€22,075) and Depreciation (+€16,111)
- Stocks and contracts +€2,976
new in 2026: €2,976
- Other debts -€32,258
down €32,258 (-100%), from €32,258 to €0
- Reserves +€19,140
up €19,140 (+1,029%), from €1,860 to €21,000
of which Distributable reserves: +€21,000
- Tax, wage and social debts +€6,014
up €6,014 (+3,790%), from €159 to €6,172
- Current portion of long-term debt +€4,540
up €4,540 (+30.8%), from €14,733 to €19,273
- Trade debts +€3,974
up €3,974 (+131%), from €3,028 to €7,002
- Gross operating margin +€22,942
up €22,942 (+81.1%), from €28,296 to €51,238
- Depreciation +€2,513
up €2,513 (+18.5%), from €13,598 to €16,111
- Taxes +€2,181
up €2,181 (+1,375%), from €159 to €2,340
- Financial charges +€1,316
up €1,316 (+36.6%), from €3,600 to €4,916
Change in the result, 2025 to 2026
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 2025 and 2026 balance sheets and the 2026 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 | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €52,747 | €58,254 | +€5,506 | +10.4% |
| Fixed assets | 21/28 | €47,542 | €37,154 | -€10,388 | -21.8% |
| Tangible fixed assets | 22/27 | €47,542 | €37,154 | -€10,388 | -21.8% |
| Plant, machinery and equipment | 23 | €29,577 | €22,249 | -€7,329 | -24.8% |
| Furniture and vehicles | 24 | €17,964 | €9,800 | -€8,164 | -45.4% |
| Leasing and similar rights | 25 | - | €5,106 | +€5,106 | |
| Current assets | 29/58 | €5,206 | €21,100 | +€15,894 | +305% |
| Stocks and contracts in progress | 3 | - | €2,976 | +€2,976 | |
| Stocks | 30/36 | - | €2,976 | +€2,976 | |
| Amounts receivable within one year | 40/41 | €5,206 | €14,283 | +€9,078 | +174% |
| Trade receivables | 40 | €4,743 | €4,042 | -€702 | -14.8% |
| Other amounts receivable | 41 | €463 | €10,242 | +€9,779 | +2,114% |
| Cash at bank and in hand | 54/58 | - | €3,840 | +€3,840 | |
| Total equity and liabilities | 10/49 | €52,747 | €58,254 | +€5,506 | +10.4% |
| Equity | 10/15 | -€49,719 | -€27,644 | +€22,075 | +44.4% |
| Contributions | 10/11 | €12,400 | €14,260 | +€1,860 | +15.0% |
| Capital | 10 | €12,400 | - | -€12,400 | |
| Issued capital | 100 | €18,600 | - | -€18,600 | |
| Uncalled capital | 101 | €6,200 | - | -€6,200 | |
| Reserves | 13 | €1,860 | €21,000 | +€19,140 | +1,029% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | - | €21,000 | +€21,000 | |
| Profit (loss) carried forward | 14 | -€63,979 | -€62,904 | +€1,075 | +1.7% |
| Amounts payable | 17/49 | €102,466 | €85,898 | -€16,569 | -16.2% |
| Amounts payable after more than one year | 17 | €49,533 | €53,450 | +€3,917 | +7.9% |
| Financial debts | 170/4 | €49,533 | €53,450 | +€3,917 | +7.9% |
| Amounts payable within one year | 42/48 | €52,933 | €32,448 | -€20,485 | -38.7% |
| Current portion of amounts payable after more than one year | 42 | €14,733 | €19,273 | +€4,540 | +30.8% |
| Financial debts | 43 | €2,754 | €0 | -€2,754 | -100% |
| Credit institutions | 430/8 | €2,754 | €0 | -€2,754 | -100% |
| Trade debts | 44 | €3,028 | €7,002 | +€3,974 | +131% |
| Suppliers | 440/4 | €3,028 | €7,002 | +€3,974 | +131% |
| Taxes, remuneration and social security | 45 | €159 | €6,172 | +€6,014 | +3,790% |
| Taxes | 450/3 | €159 | €6,172 | +€6,014 | +3,790% |
| Other amounts payable | 47/48 | €32,258 | €0 | -€32,258 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,598 | €16,111 | +€2,513 | +18.5% |
| Other operating charges | 640/8 | €1,669 | €1,551 | -€118 | -7.1% |
| Non-recurring operating charges | 66A | - | €4,250 | +€4,250 | |
| Gross operating margin | 9900 | €28,296 | €51,238 | +€22,942 | +81.1% |
| Operating profit (loss) | 9901 | €13,029 | €29,326 | +€16,297 | +125% |
| Financial income | 75/76B | - | €5 | +€5 | |
| Recurring financial income | 75 | - | €5 | +€5 | |
| Financial charges | 65/66B | €3,600 | €4,916 | +€1,316 | +36.6% |
| Recurring financial charges | 65 | €3,600 | €4,916 | +€1,316 | +36.6% |
| Profit (loss) for the period before taxes | 9903 | €9,429 | €24,415 | +€14,986 | +159% |
| Income taxes | 67/77 | €159 | €2,340 | +€2,181 | +1,375% |
| Profit (loss) for the period | 9904 | €9,270 | €22,075 | +€12,805 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €9,270 | €22,075 | +€12,805 | +138% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.