DR. BARBARA WILLANDT: what changed
DR. BARBARA WILLANDT
Largest movements
- Current investments -€100,000
down €100,000 (-79.8%), from €125,315 to €25,315
- Cash -€20,113
down €20,113 (-23.4%), from €86,042 to €65,929
mainly Other debts (-€145,086) and Contributions, distributions and other (-€138,099)
- Receivables within one year +€9,681
up €9,681 (+25.4%), from €38,188 to €47,869
of which Other amounts receivable: +€10,481
- Other debts -€145,086
down €145,086 (-93.1%), from €155,800 to €10,714
- Reserves +€44,432
up €44,432 (+117%), from €38,099 to €82,531
- Tax, wage and social debts -€6,658
down €6,658 (-41.6%), from €16,008 to €9,350
of which Taxes: -€6,658
- Short-term financial debts +€3,285
up €3,285 (+19.4%), from €16,906 to €20,191
- Gross operating margin -€7,229
down €7,229 (-2.9%), from €248,100 to €240,871
- Financial charges -€2,800
down €2,800 (-51.8%), from €5,409 to €2,609
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €252,874 | €144,527 | -€108,346 | -42.8% |
| Fixed assets | 21/28 | €1,594 | €2,399 | +€805 | +50.5% |
| Tangible fixed assets | 22/27 | €1,594 | €2,399 | +€805 | +50.5% |
| Plant, machinery and equipment | 23 | €1,594 | €2,399 | +€805 | +50.5% |
| Current assets | 29/58 | €251,279 | €142,128 | -€109,151 | -43.4% |
| Amounts receivable within one year | 40/41 | €38,188 | €47,869 | +€9,681 | +25.4% |
| Trade receivables | 40 | €800 | €0 | -€800 | -100% |
| Other amounts receivable | 41 | €37,388 | €47,869 | +€10,481 | +28.0% |
| Current investments | 50/53 | €125,315 | €25,315 | -€100,000 | -79.8% |
| Cash at bank and in hand | 54/58 | €86,042 | €65,929 | -€20,113 | -23.4% |
| Deferred charges and accrued income | 490/1 | €1,735 | €3,015 | +€1,280 | +73.8% |
| Total equity and liabilities | 10/49 | €252,874 | €144,527 | -€108,346 | -42.8% |
| Equity | 10/15 | €56,699 | €101,131 | +€44,432 | +78.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €38,099 | €82,531 | +€44,432 | +117% |
| Distributable reserves | 133 | €38,099 | €82,531 | +€44,432 | +117% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €196,175 | €43,397 | -€152,778 | -77.9% |
| Amounts payable within one year | 42/48 | €194,059 | €43,397 | -€150,662 | -77.6% |
| Financial debts | 43 | €16,906 | €20,191 | +€3,285 | +19.4% |
| Credit institutions | 430/8 | €16,906 | €20,191 | +€3,285 | +19.4% |
| Trade debts | 44 | €5,345 | €3,141 | -€2,203 | -41.2% |
| Suppliers | 440/4 | €5,345 | €3,141 | -€2,203 | -41.2% |
| Taxes, remuneration and social security | 45 | €16,008 | €9,350 | -€6,658 | -41.6% |
| Taxes | 450/3 | €11,008 | €4,350 | -€6,658 | -60.5% |
| Remuneration and social security | 454/9 | €5,000 | €5,000 | = | 0.0% |
| Other amounts payable | 47/48 | €155,800 | €10,714 | -€145,086 | -93.1% |
| Accrued charges and deferred income | 492/3 | €2,116 | €0 | -€2,116 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €566 | €97 | -€468 | -82.8% |
| Other operating charges | 640/8 | €885 | €2,186 | +€1,300 | +147% |
| Gross operating margin | 9900 | €248,100 | €240,871 | -€7,229 | -2.9% |
| Operating profit (loss) | 9901 | €246,649 | €238,589 | -€8,061 | -3.3% |
| Financial income | 75/76B | €822 | €2,494 | +€1,672 | +203% |
| Recurring financial income | 75 | €822 | €2,494 | +€1,672 | +203% |
| Financial charges | 65/66B | €5,409 | €2,609 | -€2,800 | -51.8% |
| Recurring financial charges | 65 | €5,409 | €2,609 | -€2,800 | -51.8% |
| Profit (loss) for the period before taxes | 9903 | €242,063 | €238,473 | -€3,589 | -1.5% |
| Income taxes | 67/77 | €56,905 | €55,943 | -€963 | -1.7% |
| Profit (loss) for the period | 9904 | €185,157 | €182,531 | -€2,627 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €185,157 | €182,531 | -€2,627 | -1.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 2 November 2026 via checked.be.