DIRK WELLENS: 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.
What changed
DIRK WELLENS
NACE 69.101, Activities of lawyers
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€57,561
2024 · €12,781+€44,779
Equity
€254,268
2024 · €196,707+€57,561
Cash
€38,947
2024 · €4,194+€34,754
Balance sheet total
€4.4m
2024 · €1.2m+€3.2m
Largest movements
Assets
- Receivables after one year +€3.2m
up €3.2m (+1,679%), from €191,260 to €3.4m
Equity and liabilities
- Debts after one year +€2.2m
up €2.2m (+615%), from €365,826 to €2.6m
of which Financial debts: +€1.9m
- Short-term financial debts +€615,080
up €615,080 (+127%), from €484,920 to €1.1m
- Current portion of long-term debt +€201,856
up €201,856 (+366%), from €55,144 to €257,001
- Other debts +€123,449
up €123,449 (+1,540%), from €8,015 to €131,464
- Reserves +€57,561
up €57,561 (+32.3%), from €178,157 to €235,718
of which Distributable reserves: +€57,561
Income statement
- Gross operating margin +€39,470
up €39,470 (+18.6%), from €212,444 to €251,913
- Depreciation -€22,693
down €22,693 (-18.8%), from €120,492 to €97,798
- Financial charges +€11,021
up €11,021 (+22.6%), from €48,788 to €59,809
- Financial income -€3,187
down €3,187 (-19.7%), from €16,205 to €13,018
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.
Result 2024
€12,781
Gross operating margin
+€39,470
Depreciation
+€22,693
Other operating charges
-€664
Financial income
-€3,187
Financial charges
-€11,021
Taxes
-€2,511
Result 2025
€57,561
raises the resultlowers the result
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.
From operations
-€3.0m
Investment
-€70,272
Financing
+€3.1m
Cash 2024
€4,194
From operations (derived)
-€3.0m
Net result for the year
+€57,561
Depreciation
+€97,798
Receivables after one year
-€3.2m
Receivables within one year
+€16,340
Deferred charges and accrued income
-€13,595
Trade debts
-€8,826
Tax, wage and social debts
-€31,394
Other debts
+€123,449
Accrued charges and deferred income
+€9,058
Investment (derived)
-€70,272
Investment in fixed assets (net)
-€70,272
Financing
+€3.1m
Debts after one year
+€2.2m
Current portion of long-term debt
+€201,856
Short-term financial debts
+€615,080
Cash 2025
€38,947
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,232,245 | €4,447,028 | +€3.2m | +261% |
| Fixed assets | 21/28 | €859,443 | €831,916 | -€27,527 | -3.2% |
| Tangible fixed assets | 22/27 | €849,245 | €831,718 | -€17,527 | -2.1% |
| Land and buildings | 22 | €135,736 | €110,241 | -€25,495 | -18.8% |
| Plant, machinery and equipment | 23 | €25,826 | €44,276 | +€18,450 | +71.4% |
| Furniture and vehicles | 24 | €36,703 | €21,944 | -€14,759 | -40.2% |
| Other tangible fixed assets | 26 | €650,981 | €655,258 | +€4,277 | +0.7% |
| Financial fixed assets | 28 | €10,198 | €198 | -€10,000 | -98.1% |
| Current assets | 29/58 | €372,802 | €3,615,112 | +€3.2m | +870% |
| Amounts receivable after more than one year | 29 | €191,260 | €3,401,561 | +€3.2m | +1,679% |
| Other amounts receivable | 291 | €191,260 | €3,401,561 | +€3.2m | +1,679% |
| Amounts receivable within one year | 40/41 | €158,097 | €141,757 | -€16,340 | -10.3% |
| Trade receivables | 40 | €155,536 | €140,000 | -€15,536 | -10.0% |
| Other amounts receivable | 41 | €2,562 | €1,757 | -€804 | -31.4% |
| Cash at bank and in hand | 54/58 | €4,194 | €38,947 | +€34,754 | +829% |
| Deferred charges and accrued income | 490/1 | €19,251 | €32,846 | +€13,595 | +70.6% |
| Total equity and liabilities | 10/49 | €1,232,245 | €4,447,028 | +€3.2m | +261% |
| Equity | 10/15 | €196,707 | €254,268 | +€57,561 | +29.3% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €178,157 | €235,718 | +€57,561 | +32.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €176,302 | €233,863 | +€57,561 | +32.6% |
| Provisions and deferred taxes | 16 | €29,450 | €29,450 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €29,450 | €29,450 | = | 0.0% |
| Pensions and similar obligations | 160 | €29,450 | €29,450 | = | 0.0% |
| Amounts payable | 17/49 | €1,006,088 | €4,163,311 | +€3.2m | +314% |
| Amounts payable after more than one year | 17 | €365,826 | €2,613,825 | +€2.2m | +615% |
| Financial debts | 170/4 | €365,826 | €2,298,825 | +€1.9m | +528% |
| Other amounts payable | 178/9 | - | €315,000 | +€315,000 | |
| Amounts payable within one year | 42/48 | €640,263 | €1,540,428 | +€900,165 | +141% |
| Current portion of amounts payable after more than one year | 42 | €55,144 | €257,001 | +€201,856 | +366% |
| Financial debts | 43 | €484,920 | €1,100,000 | +€615,080 | +127% |
| Credit institutions | 430/8 | €484,920 | €1,100,000 | +€615,080 | +127% |
| Trade debts | 44 | €13,895 | €5,069 | -€8,826 | -63.5% |
| Suppliers | 440/4 | €13,895 | €5,069 | -€8,826 | -63.5% |
| Taxes, remuneration and social security | 45 | €78,288 | €46,894 | -€31,394 | -40.1% |
| Taxes | 450/3 | €78,288 | €46,894 | -€31,394 | -40.1% |
| Other amounts payable | 47/48 | €8,015 | €131,464 | +€123,449 | +1,540% |
| Accrued charges and deferred income | 492/3 | €0 | €9,058 | +€9,058 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €120,492 | €97,798 | -€22,693 | -18.8% |
| Other operating charges | 640/8 | €2,825 | €3,489 | +€664 | +23.5% |
| Gross operating margin | 9900 | €212,444 | €251,913 | +€39,470 | +18.6% |
| Operating profit (loss) | 9901 | €89,127 | €150,626 | +€61,499 | +69.0% |
| Financial income | 75/76B | €16,205 | €13,018 | -€3,187 | -19.7% |
| Recurring financial income | 75 | €16,205 | €13,018 | -€3,187 | -19.7% |
| Financial charges | 65/66B | €48,788 | €59,809 | +€11,021 | +22.6% |
| Recurring financial charges | 65 | €48,788 | €59,809 | +€11,021 | +22.6% |
| Profit (loss) for the period before taxes | 9903 | €56,544 | €103,835 | +€47,291 | +83.6% |
| Income taxes | 67/77 | €43,763 | €46,274 | +€2,511 | +5.7% |
| Profit (loss) for the period | 9904 | €12,781 | €57,561 | +€44,779 | +350% |
| Profit (loss) for the period to be appropriated | 9905 | €12,781 | €57,561 | +€44,779 | +350% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.