DR BART VERWIMP: 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 BART VERWIMP
Largest movements
- Cash +€134,162
up €134,162 (+49.7%), from €269,897 to €404,059
mainly Net result for the year (+€130,426) and Tax, wage and social debts (+€31,116)
- Tangible fixed assets +€44,440
up €44,440 (+1664.4%), from €2,670 to €47,110
of which Furniture and vehicles: +€45,330
- Receivables within one year -€20,506
down €20,506 (-44.9%), from €45,697 to €25,191
of which Trade receivables: -€11,983
- Reserves +€91,593
up €91,593 (+40.8%), from €224,268 to €315,860
of which Distributable reserves: +€91,593
- Tax, wage and social debts +€31,116
up €31,116 (+93.2%), from €33,398 to €64,514
- Other debts +€27,073
up €27,073 (+34.7%), from €77,928 to €105,001
- Gross operating margin +€32,367
up €32,367 (+18.1%), from €179,135 to €211,501
- Taxes +€30,956
up €30,956 (+91.1%), from €33,971 to €64,928
- Depreciation +€8,180
up €8,180 (+919.1%), from €890 to €9,070
- Other operating charges +€5,215
up €5,215 (+182.5%), from €2,857 to €8,072
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.
Cash bridge derived
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 | €350,020 | €503,441 | +€153,421 | +43.8% |
| Fixed assets | 21/28 | €2,689 | €47,128 | +€44,440 | +1652.9% |
| Tangible fixed assets | 22/27 | €2,670 | €47,110 | +€44,440 | +1664.4% |
| Land and buildings | 22 | €2,670 | €1,780 | -€890 | -33.3% |
| Furniture and vehicles | 24 | - | €45,330 | +€45,330 | |
| Financial fixed assets | 28 | €19 | €19 | = | 0.0% |
| Current assets | 29/58 | €347,331 | €456,313 | +€108,981 | +31.4% |
| Amounts receivable within one year | 40/41 | €45,697 | €25,191 | -€20,506 | -44.9% |
| Trade receivables | 40 | €37,173 | €25,191 | -€11,983 | -32.2% |
| Other amounts receivable | 41 | €8,523 | €0 | -€8,523 | -100.0% |
| Cash at bank and in hand | 54/58 | €269,897 | €404,059 | +€134,162 | +49.7% |
| Deferred charges and accrued income | 490/1 | €31,738 | €27,063 | -€4,674 | -14.7% |
| Total equity and liabilities | 10/49 | €350,020 | €503,441 | +€153,421 | +43.8% |
| Equity | 10/15 | €236,668 | €328,260 | +€91,593 | +38.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €224,268 | €315,860 | +€91,593 | +40.8% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €224,268 | €315,860 | +€91,593 | +40.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,352 | €175,181 | +€61,828 | +54.5% |
| Amounts payable within one year | 42/48 | €113,352 | €175,181 | +€61,828 | +54.5% |
| Trade debts | 44 | €2,027 | €5,666 | +€3,639 | +179.5% |
| Suppliers | 440/4 | €2,027 | €5,666 | +€3,639 | +179.5% |
| Taxes, remuneration and social security | 45 | €33,398 | €64,514 | +€31,116 | +93.2% |
| Taxes | 450/3 | €33,398 | €64,514 | +€31,116 | +93.2% |
| Other amounts payable | 47/48 | €77,928 | €105,001 | +€27,073 | +34.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €890 | €9,070 | +€8,180 | +919.1% |
| Other operating charges | 640/8 | €2,857 | €8,072 | +€5,215 | +182.5% |
| Non-recurring operating charges | 66A | €28,964 | €0 | -€28,964 | -100.0% |
| Gross operating margin | 9900 | €179,135 | €211,501 | +€32,367 | +18.1% |
| Operating profit (loss) | 9901 | €146,423 | €194,359 | +€47,936 | +32.7% |
| Financial income | 75/76B | €871 | €1,379 | +€508 | +58.4% |
| Recurring financial income | 75 | €871 | €1,379 | +€508 | +58.4% |
| Financial charges | 65/66B | €1,997 | €385 | -€1,612 | -80.7% |
| Recurring financial charges | 65 | €1,997 | €385 | -€1,612 | -80.7% |
| Profit (loss) for the period before taxes | 9903 | €145,297 | €195,353 | +€50,056 | +34.5% |
| Income taxes | 67/77 | €33,971 | €64,928 | +€30,956 | +91.1% |
| Profit (loss) for the period | 9904 | €111,325 | €130,426 | +€19,100 | +17.2% |
| Profit (loss) for the period to be appropriated | 9905 | €111,325 | €130,426 | +€19,100 | +17.2% |
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 9 October 2026 via checked.be.