DR. An WEERTS: 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. An WEERTS
Largest movements
- Cash -€31,054
down €31,054 (-12.3%), from €252,459 to €221,405
mainly Contributions, distributions and other (-€265,058) and Debts after one year (-€23,612)
- Tangible fixed assets -€25,917
down €25,917 (-31.0%), from €83,722 to €57,805
of which Furniture and vehicles: -€28,750
- Receivables after one year +€8,786
up €8,786 (+3.0%), from €288,493 to €297,279
- Reserves -€198,531
down €198,531 (-34.0%), from €583,433 to €384,902
- Other debts +€184,356
up €184,356 (+2,421%), from €7,615 to €191,971
- Debts after one year -€23,612
down €23,612 (-46.6%), from €50,633 to €27,021
- Financial charges -€80,415
down €80,415 (-97.1%), from €82,798 to €2,384
of which Non-recurring financial charges: -€79,999
- Depreciation +€5,354
up €5,354 (+20.4%), from €26,287 to €31,641
- Taxes -€1,787
down €1,787 (-6.4%), from €27,948 to €26,161
- Gross operating margin -€1,587
down €1,587 (-1.4%), from €117,078 to €115,491
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 | €688,121 | €643,537 | -€44,584 | -6.5% |
| Fixed assets | 21/28 | €108,853 | €82,936 | -€25,917 | -23.8% |
| Tangible fixed assets | 22/27 | €83,722 | €57,805 | -€25,917 | -31.0% |
| Land and buildings | 22 | €908 | €4,100 | +€3,193 | +352% |
| Plant, machinery and equipment | 23 | €891 | €531 | -€360 | -40.4% |
| Furniture and vehicles | 24 | €81,923 | €53,173 | -€28,750 | -35.1% |
| Financial fixed assets | 28 | €25,131 | €25,131 | = | 0.0% |
| Current assets | 29/58 | €579,268 | €560,601 | -€18,667 | -3.2% |
| Amounts receivable after more than one year | 29 | €288,493 | €297,279 | +€8,786 | +3.0% |
| Other amounts receivable | 291 | €288,493 | €297,279 | +€8,786 | +3.0% |
| Amounts receivable within one year | 40/41 | €23,271 | €22,571 | -€700 | -3.0% |
| Trade receivables | 40 | €23,271 | €22,494 | -€777 | -3.3% |
| Other amounts receivable | 41 | - | €77 | +€77 | |
| Cash at bank and in hand | 54/58 | €252,459 | €221,405 | -€31,054 | -12.3% |
| Deferred charges and accrued income | 490/1 | €15,046 | €19,346 | +€4,300 | +28.6% |
| Total equity and liabilities | 10/49 | €688,121 | €643,537 | -€44,584 | -6.5% |
| Equity | 10/15 | €596,433 | €397,902 | -€198,531 | -33.3% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €583,433 | €384,902 | -€198,531 | -34.0% |
| Distributable reserves | 133 | €583,433 | €384,902 | -€198,531 | -34.0% |
| Amounts payable | 17/49 | €91,688 | €245,636 | +€153,948 | +168% |
| Amounts payable after more than one year | 17 | €50,633 | €27,021 | -€23,612 | -46.6% |
| Financial debts | 170/4 | €50,633 | €27,021 | -€23,612 | -46.6% |
| Amounts payable within one year | 42/48 | €40,417 | €218,335 | +€177,918 | +440% |
| Current portion of amounts payable after more than one year | 42 | €27,031 | €23,612 | -€3,419 | -12.6% |
| Trade debts | 44 | €691 | €551 | -€140 | -20.3% |
| Suppliers | 440/4 | €691 | €551 | -€140 | -20.3% |
| Taxes, remuneration and social security | 45 | €5,081 | €2,201 | -€2,880 | -56.7% |
| Taxes | 450/3 | €5,081 | €2,201 | -€2,880 | -56.7% |
| Other amounts payable | 47/48 | €7,615 | €191,971 | +€184,356 | +2,421% |
| Accrued charges and deferred income | 492/3 | €638 | €280 | -€358 | -56.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,287 | €31,641 | +€5,354 | +20.4% |
| Other operating charges | 640/8 | €851 | €909 | +€58 | +6.9% |
| Gross operating margin | 9900 | €117,078 | €115,491 | -€1,587 | -1.4% |
| Operating profit (loss) | 9901 | €89,939 | €82,941 | -€6,999 | -7.8% |
| Financial income | 75/76B | €11,844 | €12,130 | +€287 | +2.4% |
| Recurring financial income | 75 | €11,844 | €12,130 | +€287 | +2.4% |
| Financial charges | 65/66B | €82,798 | €2,384 | -€80,415 | -97.1% |
| Recurring financial charges | 65 | €2,799 | €2,384 | -€416 | -14.9% |
| Non-recurring financial charges | 66B | €79,999 | - | -€79,999 | |
| Profit (loss) for the period before taxes | 9903 | €18,985 | €92,687 | +€73,702 | +388% |
| Income taxes | 67/77 | €27,948 | €26,161 | -€1,787 | -6.4% |
| Profit (loss) for the period | 9904 | -€8,963 | €66,526 | +€75,489 | |
| Profit (loss) for the period to be appropriated | 9905 | -€8,963 | €66,526 | +€75,489 |
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 19 October 2026 via checked.be.