DR. DEWACHTER P. MBV: what changed
DR. DEWACHTER P. MBV
Largest movements
- Cash +€38,277
up €38,277 (+71.1%), from €53,826 to €92,103
mainly Net result for the year (+€180,746) and Other debts (+€105,842)
- Deferred charges and accrued income +€15,945
up €15,945 (+13.3%), from €120,028 to €135,973
- Tangible fixed assets -€5,222
down €5,222 (-31.0%), from €16,840 to €11,618
of which Other tangible fixed assets: -€3,158
- Other debts +€105,842
up €105,842 (+307%), from €34,502 to €140,344
- Reserves -€58,254
down €58,254 (-40.3%), from €144,518 to €86,263
of which Distributable reserves: -€58,254
- Gross operating margin +€49,003
up €49,003 (+25.0%), from €195,899 to €244,902
- Taxes +€8,035
up €8,035 (+16.3%), from €49,383 to €57,419
- Depreciation -€4,175
down €4,175 (-44.4%), from €9,396 to €5,222
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 | €198,348 | €247,348 | +€49,000 | +24.7% |
| Fixed assets | 21/28 | €16,840 | €11,618 | -€5,222 | -31.0% |
| Tangible fixed assets | 22/27 | €16,840 | €11,618 | -€5,222 | -31.0% |
| Plant, machinery and equipment | 23 | €4,746 | €3,551 | -€1,195 | -25.2% |
| Furniture and vehicles | 24 | €1,551 | €682 | -€869 | -56.0% |
| Other tangible fixed assets | 26 | €10,543 | €7,385 | -€3,158 | -30.0% |
| Current assets | 29/58 | €181,508 | €235,730 | +€54,222 | +29.9% |
| Amounts receivable within one year | 40/41 | €7,654 | €7,654 | = | 0.0% |
| Other amounts receivable | 41 | €7,654 | €7,654 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €53,826 | €92,103 | +€38,277 | +71.1% |
| Deferred charges and accrued income | 490/1 | €120,028 | €135,973 | +€15,945 | +13.3% |
| Total equity and liabilities | 10/49 | €198,348 | €247,348 | +€49,000 | +24.7% |
| Equity | 10/15 | €144,518 | €86,263 | -€58,254 | -40.3% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €144,518 | €86,263 | -€58,254 | -40.3% |
| Tax-exempt reserves | 132 | €10,000 | €10,000 | = | 0.0% |
| Distributable reserves | 133 | €134,518 | €76,263 | -€58,254 | -43.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €53,830 | €161,085 | +€107,255 | +199% |
| Amounts payable within one year | 42/48 | €52,421 | €161,085 | +€108,664 | +207% |
| Trade debts | 44 | €420 | €822 | +€402 | +95.9% |
| Suppliers | 440/4 | €420 | €822 | +€402 | +95.9% |
| Taxes, remuneration and social security | 45 | €17,500 | €19,919 | +€2,419 | +13.8% |
| Taxes | 450/3 | €9,000 | €11,419 | +€2,419 | +26.9% |
| Remuneration and social security | 454/9 | €8,500 | €8,500 | = | 0.0% |
| Other amounts payable | 47/48 | €34,502 | €140,344 | +€105,842 | +307% |
| Accrued charges and deferred income | 492/3 | €1,409 | €0 | -€1,409 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,396 | €5,222 | -€4,175 | -44.4% |
| Other operating charges | 640/8 | €450 | €1,194 | +€743 | +165% |
| Gross operating margin | 9900 | €195,899 | €244,902 | +€49,003 | +25.0% |
| Operating profit (loss) | 9901 | €186,052 | €238,486 | +€52,435 | +28.2% |
| Financial income | 75/76B | €0 | €0 | +€0 | |
| Recurring financial income | 75 | €0 | €0 | +€0 | |
| Financial charges | 65/66B | €2,151 | €322 | -€1,829 | -85.0% |
| Recurring financial charges | 65 | €2,151 | €322 | -€1,829 | -85.0% |
| Profit (loss) for the period before taxes | 9903 | €183,901 | €238,164 | +€54,263 | +29.5% |
| Income taxes | 67/77 | €49,383 | €57,419 | +€8,035 | +16.3% |
| Profit (loss) for the period | 9904 | €134,518 | €180,746 | +€46,228 | +34.4% |
| Profit (loss) for the period to be appropriated | 9905 | €134,518 | €180,746 | +€46,228 | +34.4% |
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 4 November 2026 via checked.be.