DR. E. WYFFELS: 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. E. WYFFELS
Largest movements
- Cash +€799,092
up €799,092 (+377%), from €212,192 to €1.0m
mainly Current investments (+€549,979) and Net result for the year (+€298,034)
- Current investments -€549,979
down €549,979 (-99.3%), from €554,080 to €4,102
- Tangible fixed assets +€93,485
up €93,485 (+46.6%), from €200,719 to €294,204
of which Furniture and vehicles: +€133,023
- Receivables after one year -€30,000
down €30,000 (-33.3%), from €90,000 to €60,000
- Reserves +€154,636
up €154,636 (+12.6%), from €1.2m to €1.4m
- Debts after one year +€108,363
new in 2025: €108,363
- Current portion of long-term debt +€27,610
new in 2025: €27,610
- Tax, wage and social debts +€24,151
up €24,151 (+3,220%), from €750 to €24,901
- Gross operating margin +€74,129
up €74,129 (+18.4%), from €402,162 to €476,291
- Taxes +€16,646
up €16,646 (+14.1%), from €117,924 to €134,570
- Depreciation +€11,682
up €11,682 (+27.6%), from €42,262 to €53,944
- Financial income -€5,799
down €5,799 (-24.2%), from €23,954 to €18,155
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 | €1,230,336 | €1,544,971 | +€314,635 | +25.6% |
| Fixed assets | 21/28 | €203,219 | €296,704 | +€93,485 | +46.0% |
| Tangible fixed assets | 22/27 | €200,719 | €294,204 | +€93,485 | +46.6% |
| Land and buildings | 22 | €5,760 | €5,433 | -€327 | -5.7% |
| Plant, machinery and equipment | 23 | €5,470 | €3,175 | -€2,294 | -41.9% |
| Furniture and vehicles | 24 | €5,278 | €138,301 | +€133,023 | +2,520% |
| Leasing and similar rights | 25 | €184,211 | €147,295 | -€36,917 | -20.0% |
| Financial fixed assets | 28 | €2,500 | €2,500 | = | 0.0% |
| Current assets | 29/58 | €1,027,117 | €1,248,267 | +€221,150 | +21.5% |
| Amounts receivable after more than one year | 29 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Other amounts receivable | 291 | €90,000 | €60,000 | -€30,000 | -33.3% |
| Amounts receivable within one year | 40/41 | €20,395 | €19,083 | -€1,312 | -6.4% |
| Trade receivables | 40 | - | €583 | +€583 | |
| Other amounts receivable | 41 | €20,395 | €18,500 | -€1,895 | -9.3% |
| Current investments | 50/53 | €554,080 | €4,102 | -€549,979 | -99.3% |
| Cash at bank and in hand | 54/58 | €212,192 | €1,011,284 | +€799,092 | +377% |
| Deferred charges and accrued income | 490/1 | €150,450 | €153,799 | +€3,349 | +2.2% |
| Total equity and liabilities | 10/49 | €1,230,336 | €1,544,971 | +€314,635 | +25.6% |
| Equity | 10/15 | €1,227,997 | €1,382,632 | +€154,636 | +12.6% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €1,227,997 | €1,382,632 | +€154,636 | +12.6% |
| Distributable reserves | 133 | €1,227,997 | €1,382,632 | +€154,636 | +12.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €2,339 | €162,339 | +€159,999 | +6,839% |
| Amounts payable after more than one year | 17 | - | €108,363 | +€108,363 | |
| Financial debts | 170/4 | - | €108,363 | +€108,363 | |
| Amounts payable within one year | 42/48 | €2,339 | €53,976 | +€51,637 | +2,207% |
| Current portion of amounts payable after more than one year | 42 | - | €27,610 | +€27,610 | |
| Financial debts | 43 | €0 | €1,465 | +€1,465 | |
| Credit institutions | 430/8 | €0 | €1,465 | +€1,465 | |
| Trade debts | 44 | €1,589 | €0 | -€1,589 | -100% |
| Suppliers | 440/4 | €1,589 | €0 | -€1,589 | -100% |
| Taxes, remuneration and social security | 45 | €750 | €24,901 | +€24,151 | +3,220% |
| Taxes | 450/3 | €750 | €24,901 | +€24,151 | +3,220% |
| Non-recurring operating income | 76A | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,262 | €53,944 | +€11,682 | +27.6% |
| Other operating charges | 640/8 | €4,637 | €4,161 | -€476 | -10.3% |
| Gross operating margin | 9900 | €402,162 | €476,291 | +€74,129 | +18.4% |
| Operating profit (loss) | 9901 | €355,262 | €418,186 | +€62,924 | +17.7% |
| Financial income | 75/76B | €23,954 | €18,155 | -€5,799 | -24.2% |
| Recurring financial income | 75 | €23,954 | €18,155 | -€5,799 | -24.2% |
| Financial charges | 65/66B | €1,326 | €3,736 | +€2,410 | +182% |
| Recurring financial charges | 65 | €1,326 | €3,736 | +€2,410 | +182% |
| Profit (loss) for the period before taxes | 9903 | €377,890 | €432,604 | +€54,715 | +14.5% |
| Income taxes | 67/77 | €117,924 | €134,570 | +€16,646 | +14.1% |
| Profit (loss) for the period | 9904 | €259,965 | €298,034 | +€38,069 | +14.6% |
| Profit (loss) for the period to be appropriated | 9905 | €259,965 | €298,034 | +€38,069 | +14.6% |
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 13 October 2026 via checked.be.