DR. BRAM DE WALSCHE: 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. BRAM DE WALSCHE
Largest movements
- Cash -€18,394
down €18,394 (-14.0%), from €131,030 to €112,635
mainly Contributions, distributions and other (-€156,852) and Other debts (-€21,837)
- Tangible fixed assets -€11,034
down €11,034 (-26.4%), from €41,860 to €30,827
- Deferred charges and accrued income +€2,815
up €2,815 (+12.6%), from €22,359 to €25,174
- Other debts -€21,837
down €21,837 (-12.2%), from €178,806 to €156,970
- Tax, wage and social debts -€4,652
down €4,652 (-32.8%), from €14,167 to €9,515
- Gross operating margin -€17,065
down €17,065 (-7.2%), from €237,783 to €220,719
- Taxes -€5,092
down €5,092 (-9.7%), from €52,342 to €47,250
- Depreciation +€3,695
up €3,695 (+39.8%), from €9,288 to €12,983
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 | €196,249 | €169,636 | -€26,613 | -13.6% |
| Fixed assets | 21/28 | €42,860 | €31,827 | -€11,034 | -25.7% |
| Tangible fixed assets | 22/27 | €41,860 | €30,827 | -€11,034 | -26.4% |
| Furniture and vehicles | 24 | €41,860 | €30,827 | -€11,034 | -26.4% |
| Financial fixed assets | 28 | €1,000 | €1,000 | = | 0.0% |
| Current assets | 29/58 | €153,389 | €137,810 | -€15,579 | -10.2% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €131,030 | €112,635 | -€18,394 | -14.0% |
| Deferred charges and accrued income | 490/1 | €22,359 | €25,174 | +€2,815 | +12.6% |
| Total equity and liabilities | 10/49 | €196,249 | €169,636 | -€26,613 | -13.6% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €193,249 | €166,636 | -€26,613 | -13.8% |
| Amounts payable within one year | 42/48 | €193,249 | €166,636 | -€26,613 | -13.8% |
| Trade debts | 44 | €276 | €152 | -€124 | -45.0% |
| Suppliers | 440/4 | €276 | €152 | -€124 | -45.0% |
| Taxes, remuneration and social security | 45 | €14,167 | €9,515 | -€4,652 | -32.8% |
| Taxes | 450/3 | €14,167 | €9,515 | -€4,652 | -32.8% |
| Other amounts payable | 47/48 | €178,806 | €156,970 | -€21,837 | -12.2% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €1,881 | €2,958 | +€1,077 | +57.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,288 | €12,983 | +€3,695 | +39.8% |
| Other operating charges | 640/8 | €187 | €529 | +€342 | +183% |
| Gross operating margin | 9900 | €237,783 | €220,719 | -€17,065 | -7.2% |
| Operating profit (loss) | 9901 | €226,428 | €204,249 | -€22,179 | -9.8% |
| Financial income | 75/76B | €1,240 | €5 | -€1,235 | -99.6% |
| Recurring financial income | 75 | €1,240 | €5 | -€1,235 | -99.6% |
| Financial charges | 65/66B | €59 | €152 | +€94 | +160% |
| Recurring financial charges | 65 | €59 | €152 | +€94 | +160% |
| Profit (loss) for the period before taxes | 9903 | €227,609 | €204,102 | -€23,507 | -10.3% |
| Income taxes | 67/77 | €52,342 | €47,250 | -€5,092 | -9.7% |
| Profit (loss) for the period | 9904 | €175,267 | €156,852 | -€18,415 | -10.5% |
| Profit (loss) for the period to be appropriated | 9905 | €175,267 | €156,852 | -€18,415 | -10.5% |
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 29 October 2026 via checked.be.