Dokter Werner Vleugels: 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.
Dokter Werner Vleugels
Largest movements
- Receivables within one year +€38,699
up €38,699 (+126%), from €30,740 to €69,440
- Tangible fixed assets +€8,384
up €8,384 (+37.6%), from €22,275 to €30,659
of which Plant, machinery and equipment: +€9,080
- Cash -€6,057
down €6,057 (-2.0%), from €307,418 to €301,362
mainly Receivables within one year (-€38,699) and Investment in fixed assets (net) (-€15,228)
- Reserves +€35,004
up €35,004 (+10.2%), from €342,726 to €377,730
- Trade debts +€11,217
up €11,217 (+295%), from €3,800 to €15,018
- Gross operating margin -€128,741
down €128,741 (-71.0%), from €181,418 to €52,678
- Taxes -€37,159
down €37,159 (-72.2%), from €51,490 to €14,332
- Financial income +€5,402
up €5,402 (+54,023,200%), from €0 to €5,402
- Staff costs -€4,171
down €4,171 (-82.4%), from €5,059 to €888
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 | €361,926 | €406,212 | +€44,286 | +12.2% |
| Fixed assets | 21/28 | €22,275 | €30,659 | +€8,384 | +37.6% |
| Tangible fixed assets | 22/27 | €22,275 | €30,659 | +€8,384 | +37.6% |
| Land and buildings | 22 | €3,994 | €1,209 | -€2,785 | -69.7% |
| Plant, machinery and equipment | 23 | €3,222 | €12,302 | +€9,080 | +282% |
| Furniture and vehicles | 24 | €1,259 | €499 | -€760 | -60.3% |
| Other tangible fixed assets | 26 | €13,800 | €16,648 | +€2,848 | +20.6% |
| Current assets | 29/58 | €339,651 | €375,553 | +€35,902 | +10.6% |
| Amounts receivable within one year | 40/41 | €30,740 | €69,440 | +€38,699 | +126% |
| Other amounts receivable | 41 | €30,740 | €69,440 | +€38,699 | +126% |
| Cash at bank and in hand | 54/58 | €307,418 | €301,362 | -€6,057 | -2.0% |
| Deferred charges and accrued income | 490/1 | €1,492 | €4,751 | +€3,259 | +218% |
| Total equity and liabilities | 10/49 | €361,926 | €406,212 | +€44,286 | +12.2% |
| Equity | 10/15 | €355,126 | €390,130 | +€35,004 | +9.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €342,726 | €377,730 | +€35,004 | +10.2% |
| Distributable reserves | 133 | €342,726 | €377,730 | +€35,004 | +10.2% |
| Amounts payable | 17/49 | €6,800 | €16,082 | +€9,282 | +136% |
| Amounts payable within one year | 42/48 | €6,800 | €16,082 | +€9,282 | +136% |
| Trade debts | 44 | €3,800 | €15,018 | +€11,217 | +295% |
| Suppliers | 440/4 | €3,800 | €15,018 | +€11,217 | +295% |
| Taxes, remuneration and social security | 45 | €1,820 | - | -€1,820 | |
| Taxes | 450/3 | €1,820 | - | -€1,820 | |
| Other amounts payable | 47/48 | €1,180 | €1,064 | -€116 | -9.8% |
| Remuneration, social security and pensions | 62 | €5,059 | €888 | -€4,171 | -82.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,449 | €6,844 | +€395 | +6.1% |
| Other operating charges | 640/8 | €1,101 | €871 | -€230 | -20.9% |
| Gross operating margin | 9900 | €181,418 | €52,678 | -€128,741 | -71.0% |
| Operating profit (loss) | 9901 | €168,810 | €44,075 | -€124,735 | -73.9% |
| Financial income | 75/76B | €0 | €5,402 | +€5,402 | +54,023,200% |
| Recurring financial income | 75 | €0 | €5,402 | +€5,402 | +54,023,200% |
| Financial charges | 65/66B | €227 | €142 | -€86 | -37.7% |
| Recurring financial charges | 65 | €227 | €142 | -€86 | -37.7% |
| Profit (loss) for the period before taxes | 9903 | €168,583 | €49,336 | -€119,247 | -70.7% |
| Income taxes | 67/77 | €51,490 | €14,332 | -€37,159 | -72.2% |
| Profit (loss) for the period | 9904 | €117,093 | €35,004 | -€82,088 | -70.1% |
| Profit (loss) for the period to be appropriated | 9905 | €117,093 | €35,004 | -€82,088 | -70.1% |
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.