DR. DEWULF FLORE: 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. DEWULF FLORE
Largest movements
- Cash -€74,793
down €74,793 (-51.7%), from €144,801 to €70,008
mainly Contributions, distributions and other (-€134,650) and Other debts (-€46,043)
- Receivables within one year +€19,378
up €19,378 (+91.3%), from €21,224 to €40,602
of which Other amounts receivable: +€9,813
- Intangible fixed assets -€13,500
no longer reported in 2025 (was €13,500)
- Receivables after one year -€9,813
down €9,813 (-17.8%), from €55,000 to €45,187
- Other debts -€46,043
down €46,043 (-58.9%), from €78,120 to €32,077
- Reserves -€45,080
down €45,080 (-33.5%), from €134,650 to €89,569
- Trade debts +€12,604
up €12,604 (+174%), from €7,262 to €19,865
- Gross operating margin -€10,556
down €10,556 (-7.2%), from €146,367 to €135,811
- Depreciation -€4,108
down €4,108 (-20.1%), from €20,447 to €16,340
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 | €244,022 | €165,028 | -€78,994 | -32.4% |
| Fixed assets | 21/28 | €20,758 | €8,831 | -€11,927 | -57.5% |
| Intangible fixed assets | 21 | €13,500 | - | -€13,500 | |
| Tangible fixed assets | 22/27 | €7,258 | €8,831 | +€1,573 | +21.7% |
| Plant, machinery and equipment | 23 | €1,406 | €711 | -€695 | -49.4% |
| Furniture and vehicles | 24 | €5,852 | €8,120 | +€2,268 | +38.8% |
| Current assets | 29/58 | €223,264 | €156,197 | -€67,067 | -30.0% |
| Amounts receivable after more than one year | 29 | €55,000 | €45,187 | -€9,813 | -17.8% |
| Other amounts receivable | 291 | €55,000 | €45,187 | -€9,813 | -17.8% |
| Amounts receivable within one year | 40/41 | €21,224 | €40,602 | +€19,378 | +91.3% |
| Trade receivables | 40 | €20,974 | €30,539 | +€9,566 | +45.6% |
| Other amounts receivable | 41 | €250 | €10,063 | +€9,813 | +3,925% |
| Cash at bank and in hand | 54/58 | €144,801 | €70,008 | -€74,793 | -51.7% |
| Deferred charges and accrued income | 490/1 | €2,239 | €400 | -€1,839 | -82.1% |
| Total equity and liabilities | 10/49 | €244,022 | €165,028 | -€78,994 | -32.4% |
| Equity | 10/15 | €153,250 | €108,169 | -€45,080 | -29.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €134,650 | €89,569 | -€45,080 | -33.5% |
| Distributable reserves | 133 | €134,650 | €89,569 | -€45,080 | -33.5% |
| Amounts payable | 17/49 | €90,772 | €56,859 | -€33,913 | -37.4% |
| Amounts payable within one year | 42/48 | €87,471 | €53,948 | -€33,523 | -38.3% |
| Trade debts | 44 | €7,262 | €19,865 | +€12,604 | +174% |
| Suppliers | 440/4 | €7,262 | €19,865 | +€12,604 | +174% |
| Taxes, remuneration and social security | 45 | €2,090 | €2,006 | -€84 | -4.0% |
| Taxes | 450/3 | €2,090 | €2,006 | -€84 | -4.0% |
| Other amounts payable | 47/48 | €78,120 | €32,077 | -€46,043 | -58.9% |
| Accrued charges and deferred income | 492/3 | €3,301 | €2,911 | -€390 | -11.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,447 | €16,340 | -€4,108 | -20.1% |
| Other operating charges | 640/8 | €1,157 | €1,162 | +€5 | +0.4% |
| Gross operating margin | 9900 | €146,367 | €135,811 | -€10,556 | -7.2% |
| Operating profit (loss) | 9901 | €124,762 | €118,309 | -€6,453 | -5.2% |
| Financial income | 75/76B | €2,468 | €1,843 | -€626 | -25.3% |
| Recurring financial income | 75 | €2,468 | €1,843 | -€626 | -25.3% |
| Financial charges | 65/66B | €3,944 | €4,018 | +€74 | +1.9% |
| Recurring financial charges | 65 | €3,944 | €4,018 | +€74 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €123,286 | €116,133 | -€7,153 | -5.8% |
| Income taxes | 67/77 | €27,158 | €26,564 | -€594 | -2.2% |
| Profit (loss) for the period | 9904 | €96,128 | €89,569 | -€6,558 | -6.8% |
| Profit (loss) for the period to be appropriated | 9905 | €96,128 | €89,569 | -€6,558 | -6.8% |
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 14 October 2026 via checked.be.