DR. A. WIJNANTS: 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.
DR. A. WIJNANTS
Largest movements
- Current investments -€226,625
down €226,625 (-29.3%), from €774,645 to €548,020
- Cash +€168,273
up €168,273 (+123%), from €136,471 to €304,745
mainly Current investments (+€226,625) and Net result for the year (+€110,194)
- Other debts -€70,358
down €70,358 (-22.8%), from €308,534 to €238,177
- Reserves +€25,370
up €25,370 (+4.2%), from €596,945 to €622,314
- Gross operating margin +€16,631
up €16,631 (+12.3%), from €135,118 to €151,749
- Taxes +€6,141
up €6,141 (+15.6%), from €39,437 to €45,578
- Financial charges -€5,403
down €5,403 (-52.2%), from €10,353 to €4,950
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 | €976,263 | €922,169 | -€54,094 | -5.5% |
| Fixed assets | 21/28 | €1,279 | €8,046 | +€6,766 | +529% |
| Tangible fixed assets | 22/27 | €1,279 | €8,046 | +€6,766 | +529% |
| Furniture and vehicles | 24 | €1,279 | €8,046 | +€6,766 | +529% |
| Current assets | 29/58 | €974,984 | €914,123 | -€60,861 | -6.2% |
| Amounts receivable within one year | 40/41 | €9,771 | €10,349 | +€577 | +5.9% |
| Other amounts receivable | 41 | €9,771 | €10,349 | +€577 | +5.9% |
| Current investments | 50/53 | €774,645 | €548,020 | -€226,625 | -29.3% |
| Cash at bank and in hand | 54/58 | €136,471 | €304,745 | +€168,273 | +123% |
| Deferred charges and accrued income | 490/1 | €54,096 | €51,010 | -€3,087 | -5.7% |
| Total equity and liabilities | 10/49 | €976,263 | €922,169 | -€54,094 | -5.5% |
| Equity | 10/15 | €652,745 | €678,114 | +€25,370 | +3.9% |
| Contributions | 10/11 | €55,800 | €55,800 | = | 0.0% |
| Reserves | 13 | €596,945 | €622,314 | +€25,370 | +4.2% |
| Distributable reserves | 133 | €596,945 | €622,314 | +€25,370 | +4.2% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €323,518 | €244,054 | -€79,464 | -24.6% |
| Amounts payable within one year | 42/48 | €323,518 | €244,054 | -€79,464 | -24.6% |
| Trade debts | 44 | €75 | €560 | +€485 | +646% |
| Suppliers | 440/4 | €75 | €560 | +€485 | +646% |
| Taxes, remuneration and social security | 45 | €14,909 | €5,318 | -€9,591 | -64.3% |
| Taxes | 450/3 | €14,909 | €5,318 | -€9,591 | -64.3% |
| Other amounts payable | 47/48 | €308,534 | €238,177 | -€70,358 | -22.8% |
| Remuneration, social security and pensions | 62 | €2,580 | €2,874 | +€294 | +11.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,361 | €2,458 | +€1,097 | +80.6% |
| Other operating charges | 640/8 | €434 | €445 | +€11 | +2.4% |
| Gross operating margin | 9900 | €135,118 | €151,749 | +€16,631 | +12.3% |
| Operating profit (loss) | 9901 | €130,742 | €145,972 | +€15,230 | +11.6% |
| Financial income | 75/76B | €14,769 | €14,750 | -€20 | -0.1% |
| Recurring financial income | 75 | €14,769 | €14,750 | -€20 | -0.1% |
| Financial charges | 65/66B | €10,353 | €4,950 | -€5,403 | -52.2% |
| Recurring financial charges | 65 | €10,353 | €4,950 | -€5,403 | -52.2% |
| Profit (loss) for the period before taxes | 9903 | €135,159 | €155,772 | +€20,613 | +15.3% |
| Income taxes | 67/77 | €39,437 | €45,578 | +€6,141 | +15.6% |
| Profit (loss) for the period | 9904 | €95,722 | €110,194 | +€14,473 | +15.1% |
| Profit (loss) for the period to be appropriated | 9905 | €95,722 | €110,194 | +€14,473 | +15.1% |
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 24 October 2026 via checked.be.