DIRK WOUTERS: 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.
DIRK WOUTERS
Largest movements
- Cash +€389,277
up €389,277 (+138%), from €281,238 to €670,515
mainly Current investments (+€242,860) and Net result for the year (+€213,552)
- Current investments -€242,860
down €242,860 (-11.3%), from €2.2m to €1.9m
- Financial fixed assets +€126,318
up €126,318 (+21.6%), from €585,398 to €711,716
- Receivables after one year -€114,206
down €114,206 (-22.6%), from €505,230 to €391,024
- Reserves +€213,552
up €213,552 (+4.6%), from €4.6m to €4.8m
of which Distributable reserves: +€213,552
- Other debts -€82,290
down €82,290 (-39.0%), from €210,980 to €128,690
- Gross operating margin +€78,225
up €78,225 (+58.5%), from €133,767 to €211,993
- Financial income +€71,621
up €71,621 (+120%), from €59,885 to €131,506
- Taxes +€27,659
up €27,659 (+84.9%), from €32,591 to €60,250
- Financial charges +€5,050
up €5,050 (+47.3%), from €10,672 to €15,722
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 | €4,922,875 | €5,027,465 | +€104,589 | +2.1% |
| Fixed assets | 21/28 | €1,886,294 | €1,969,164 | +€82,869 | +4.4% |
| Tangible fixed assets | 22/27 | €1,300,896 | €1,257,448 | -€43,448 | -3.3% |
| Land and buildings | 22 | €18,938 | €18,622 | -€316 | -1.7% |
| Furniture and vehicles | 24 | €900 | €2,627 | +€1,727 | +192% |
| Other tangible fixed assets | 26 | €1,281,059 | €1,236,199 | -€44,859 | -3.5% |
| Financial fixed assets | 28 | €585,398 | €711,716 | +€126,318 | +21.6% |
| Current assets | 29/58 | €3,036,581 | €3,058,301 | +€21,720 | +0.7% |
| Amounts receivable after more than one year | 29 | €505,230 | €391,024 | -€114,206 | -22.6% |
| Other amounts receivable | 291 | €505,230 | €391,024 | -€114,206 | -22.6% |
| Amounts receivable within one year | 40/41 | €29,846 | €32,917 | +€3,071 | +10.3% |
| Trade receivables | 40 | €25,450 | €26,237 | +€787 | +3.1% |
| Other amounts receivable | 41 | €4,395 | €6,680 | +€2,285 | +52.0% |
| Current investments | 50/53 | €2,155,371 | €1,912,511 | -€242,860 | -11.3% |
| Cash at bank and in hand | 54/58 | €281,238 | €670,515 | +€389,277 | +138% |
| Deferred charges and accrued income | 490/1 | €64,896 | €51,334 | -€13,562 | -20.9% |
| Total equity and liabilities | 10/49 | €4,922,875 | €5,027,465 | +€104,589 | +2.1% |
| Equity | 10/15 | €4,637,703 | €4,851,254 | +€213,552 | +4.6% |
| Contributions | 10/11 | €12,711 | €12,711 | = | 0.0% |
| Reserves | 13 | €4,624,992 | €4,838,544 | +€213,552 | +4.6% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €4,587,492 | €4,801,044 | +€213,552 | +4.7% |
| Amounts payable | 17/49 | €285,173 | €176,210 | -€108,962 | -38.2% |
| Amounts payable within one year | 42/48 | €269,977 | €155,710 | -€114,267 | -42.3% |
| Financial debts | 43 | €1,326 | €261 | -€1,065 | -80.4% |
| Credit institutions | 430/8 | €1,326 | €261 | -€1,065 | -80.4% |
| Trade debts | 44 | €52,063 | €5,565 | -€46,498 | -89.3% |
| Suppliers | 440/4 | €52,063 | €5,565 | -€46,498 | -89.3% |
| Taxes, remuneration and social security | 45 | €5,608 | €21,194 | +€15,586 | +278% |
| Taxes | 450/3 | €5,608 | €21,194 | +€15,586 | +278% |
| Other amounts payable | 47/48 | €210,980 | €128,690 | -€82,290 | -39.0% |
| Accrued charges and deferred income | 492/3 | €15,196 | €20,500 | +€5,305 | +34.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,363 | €45,679 | -€684 | -1.5% |
| Other operating charges | 640/8 | €6,906 | €8,296 | +€1,389 | +20.1% |
| Gross operating margin | 9900 | €133,767 | €211,993 | +€78,225 | +58.5% |
| Operating profit (loss) | 9901 | €80,498 | €158,018 | +€77,520 | +96.3% |
| Financial income | 75/76B | €59,885 | €131,506 | +€71,621 | +120% |
| Recurring financial income | 75 | €59,885 | €131,506 | +€71,621 | +120% |
| Financial charges | 65/66B | €10,672 | €15,722 | +€5,050 | +47.3% |
| Recurring financial charges | 65 | €10,672 | €15,722 | +€5,050 | +47.3% |
| Profit (loss) for the period before taxes | 9903 | €129,711 | €273,802 | +€144,091 | +111% |
| Income taxes | 67/77 | €32,591 | €60,250 | +€27,659 | +84.9% |
| Profit (loss) for the period | 9904 | €97,120 | €213,552 | +€116,432 | +120% |
| Profit (loss) for the period to be appropriated | 9905 | €97,120 | €213,552 | +€116,432 | +120% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.