DR. DE WITTE BART: what changed
Two fiscal 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 WITTE BART
Largest movements
- Cash +€73,912
up €73,912 (+10.8%), from €683,669 to €757,581
mainly Net result for the year (+€397,473) and Other debts (+€56,170)
- Other debts +€56,170
up €56,170 (+22.2%), from €253,473 to €309,643
- Gross operating margin +€82,900
up €82,900 (+14.4%), from €575,097 to €657,997
- Financial charges +€40,256
up €40,256, from -€2,896 to €37,360
- Taxes +€20,595
up €20,595 (+12.4%), from €165,440 to €186,036
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 | €2,734,119 | €2,812,057 | +€77,938 | +2.9% |
| Fixed assets | 21/28 | €874,103 | €863,492 | -€10,611 | -1.2% |
| Tangible fixed assets | 22/27 | €874,103 | €863,492 | -€10,611 | -1.2% |
| Furniture and vehicles | 24 | €807 | €38,251 | +€37,445 | +4642.1% |
| Other tangible fixed assets | 26 | €873,296 | €825,241 | -€48,056 | -5.5% |
| Current assets | 29/58 | €1,860,016 | €1,948,565 | +€88,549 | +4.8% |
| Amounts receivable within one year | 40/41 | - | €2,000 | +€2,000 | |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Current investments | 50/53 | €1,165,609 | €1,178,329 | +€12,720 | +1.1% |
| Cash at bank and in hand | 54/58 | €683,669 | €757,581 | +€73,912 | +10.8% |
| Deferred charges and accrued income | 490/1 | €10,738 | €10,656 | -€82 | -0.8% |
| Total equity and liabilities | 10/49 | €2,734,119 | €2,812,057 | +€77,938 | +2.9% |
| Equity | 10/15 | €2,345,145 | €2,357,454 | +€12,309 | +0.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,326,545 | €2,338,854 | +€12,309 | +0.5% |
| Tax-exempt reserves | 132 | €105,169 | €99,015 | -€6,155 | -5.9% |
| Distributable reserves | 133 | €2,221,376 | €2,239,840 | +€18,464 | +0.8% |
| Provisions and deferred taxes | 16 | €35,056 | €33,005 | -€2,052 | -5.9% |
| Deferred taxes | 168 | €35,056 | €33,005 | -€2,052 | -5.9% |
| Amounts payable | 17/49 | €353,917 | €421,598 | +€67,681 | +19.1% |
| Amounts payable within one year | 42/48 | €342,112 | €406,669 | +€64,557 | +18.9% |
| Taxes, remuneration and social security | 45 | €88,638 | €97,026 | +€8,388 | +9.5% |
| Taxes | 450/3 | €88,638 | €97,026 | +€8,388 | +9.5% |
| Other amounts payable | 47/48 | €253,473 | €309,643 | +€56,170 | +22.2% |
| Accrued charges and deferred income | 492/3 | €11,806 | €14,929 | +€3,123 | +26.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,523 | €55,045 | +€5,522 | +11.2% |
| Other operating charges | 640/8 | €6,400 | €4,933 | -€1,467 | -22.9% |
| Gross operating margin | 9900 | €575,097 | €657,997 | +€82,900 | +14.4% |
| Operating profit (loss) | 9901 | €519,174 | €598,019 | +€78,845 | +15.2% |
| Financial income | 75/76B | €20,479 | €20,798 | +€319 | +1.6% |
| Recurring financial income | 75 | €20,479 | €20,798 | +€319 | +1.6% |
| Financial charges | 65/66B | -€2,896 | €37,360 | +€40,256 | |
| Recurring financial charges | 65 | -€2,896 | €37,360 | +€40,256 | |
| Profit (loss) for the period before taxes | 9903 | €542,549 | €581,458 | +€38,909 | +7.2% |
| Transfer from deferred taxes | 780 | €2,062 | €2,052 | -€10 | -0.5% |
| Income taxes | 67/77 | €165,440 | €186,036 | +€20,595 | +12.4% |
| Profit (loss) for the period | 9904 | €379,170 | €397,473 | +€18,303 | +4.8% |
| Transfer from tax-exempt reserves | 789 | €6,185 | €6,155 | -€30 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €385,355 | €403,628 | +€18,273 | +4.7% |
Source: filed annual accounts (NBB), fiscal 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 September 2026 via checked.be.