Dr. De Weerdt Tim: 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. De Weerdt Tim
Largest movements
- Tangible fixed assets +€464,557
up €464,557 (+142%), from €327,100 to €791,657
of which Assets under construction and advance payments: +€464,557
- Receivables within one year +€151,713
up €151,713, from €0 to €151,713
of which Trade receivables: +€151,713
- Deferred charges and accrued income -€129,268
down €129,268 (-54.1%), from €238,928 to €109,660
- Cash +€114,002
up €114,002 (+29.7%), from €384,102 to €498,103
mainly Debts after one year (+€414,250) and Net result for the year (+€267,549)
- Receivables after one year +€74,000
up €74,000 (+161%), from €46,000 to €120,000
- Debts after one year +€414,250
up €414,250 (+331%), from €125,000 to €539,250
- Reserves +€267,549
up €267,549 (+37.7%), from €708,866 to €976,415
- Current portion of long-term debt +€50,000
new in 2025: €50,000
- Tax, wage and social debts -€47,819
down €47,819 (-38.3%), from €124,954 to €77,134
of which Taxes: -€41,760
- Gross operating margin +€80,103
up €80,103 (+24.0%), from €333,991 to €414,095
- Taxes +€21,870
up €21,870 (+21.8%), from €100,132 to €122,002
- Financial charges +€15,242
up €15,242 (+130%), from €11,683 to €26,925
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 | €996,880 | €1,672,633 | +€675,753 | +67.8% |
| Fixed assets | 21/28 | €327,850 | €793,157 | +€465,307 | +142% |
| Tangible fixed assets | 22/27 | €327,100 | €791,657 | +€464,557 | +142% |
| Land and buildings | 22 | €315,000 | €315,000 | = | 0.0% |
| Assets under construction and advance payments | 27 | €12,100 | €476,657 | +€464,557 | +3,839% |
| Financial fixed assets | 28 | €750 | €1,500 | +€750 | +100% |
| Current assets | 29/58 | €669,030 | €879,476 | +€210,446 | +31.5% |
| Amounts receivable after more than one year | 29 | €46,000 | €120,000 | +€74,000 | +161% |
| Other amounts receivable | 291 | €46,000 | €120,000 | +€74,000 | +161% |
| Amounts receivable within one year | 40/41 | €0 | €151,713 | +€151,713 | |
| Trade receivables | 40 | - | €151,713 | +€151,713 | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €384,102 | €498,103 | +€114,002 | +29.7% |
| Deferred charges and accrued income | 490/1 | €238,928 | €109,660 | -€129,268 | -54.1% |
| Total equity and liabilities | 10/49 | €996,880 | €1,672,633 | +€675,753 | +67.8% |
| Equity | 10/15 | €713,866 | €981,415 | +€267,549 | +37.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €708,866 | €976,415 | +€267,549 | +37.7% |
| Distributable reserves | 133 | €708,866 | €976,415 | +€267,549 | +37.7% |
| Amounts payable | 17/49 | €283,014 | €691,218 | +€408,204 | +144% |
| Amounts payable after more than one year | 17 | €125,000 | €539,250 | +€414,250 | +331% |
| Financial debts | 170/4 | €125,000 | €539,250 | +€414,250 | +331% |
| Amounts payable within one year | 42/48 | €158,014 | €151,968 | -€6,046 | -3.8% |
| Current portion of amounts payable after more than one year | 42 | - | €50,000 | +€50,000 | |
| Financial debts | 43 | - | €1,041 | +€1,041 | |
| Other loans | 439 | - | €1,041 | +€1,041 | |
| Trade debts | 44 | €2,488 | €4,630 | +€2,142 | +86.1% |
| Suppliers | 440/4 | €2,488 | €4,630 | +€2,142 | +86.1% |
| Taxes, remuneration and social security | 45 | €124,954 | €77,134 | -€47,819 | -38.3% |
| Taxes | 450/3 | €118,894 | €77,134 | -€41,760 | -35.1% |
| Remuneration and social security | 454/9 | €6,060 | €0 | -€6,060 | -100% |
| Other amounts payable | 47/48 | €30,573 | €19,163 | -€11,410 | -37.3% |
| Non-recurring operating income | 76A | - | €4,998 | +€4,998 | |
| Other operating charges | 640/8 | €1,799 | €930 | -€869 | -48.3% |
| Gross operating margin | 9900 | €333,991 | €414,095 | +€80,103 | +24.0% |
| Operating profit (loss) | 9901 | €332,192 | €413,164 | +€80,972 | +24.4% |
| Financial income | 75/76B | €1,270 | €3,312 | +€2,042 | +161% |
| Recurring financial income | 75 | €1,270 | €3,312 | +€2,042 | +161% |
| Financial charges | 65/66B | €11,683 | €26,925 | +€15,242 | +130% |
| Recurring financial charges | 65 | €11,683 | €26,925 | +€15,242 | +130% |
| Profit (loss) for the period before taxes | 9903 | €321,778 | €389,551 | +€67,773 | +21.1% |
| Income taxes | 67/77 | €100,132 | €122,002 | +€21,870 | +21.8% |
| Profit (loss) for the period | 9904 | €221,646 | €267,549 | +€45,903 | +20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €221,646 | €267,549 | +€45,903 | +20.7% |
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 28 October 2026 via checked.be.