Dr. Eline Dewilde: 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. Eline Dewilde
Largest movements
- Receivables within one year -€53,156
down €53,156 (-99.0%), from €53,716 to €560
of which Other amounts receivable: -€53,156
- Cash -€12,798
down €12,798 (-17.8%), from €71,756 to €58,957
mainly Other debts (-€87,592) and Contributions, distributions and other (-€53,766)
- Deferred charges and accrued income +€2,828
up €2,828 (+178%), from €1,590 to €4,418
- Tangible fixed assets -€2,443
down €2,443 (-22.1%), from €11,031 to €8,588
of which Furniture and vehicles: -€1,582
- Other debts -€87,592
down €87,592 (-49.3%), from €177,767 to €90,175
- Tax, wage and social debts +€21,943
up €21,943 (+194%), from €11,294 to €33,237
of which Taxes: +€15,193
- Gross operating margin -€66,834
down €66,834 (-48.0%), from €139,145 to €72,311
- Taxes -€13,101
down €13,101 (-46.3%), from €28,294 to €15,193
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 | €194,093 | €128,667 | -€65,427 | -33.7% |
| Fixed assets | 21/28 | €11,031 | €8,731 | -€2,300 | -20.8% |
| Tangible fixed assets | 22/27 | €11,031 | €8,588 | -€2,443 | -22.1% |
| Plant, machinery and equipment | 23 | €6,875 | €6,014 | -€861 | -12.5% |
| Furniture and vehicles | 24 | €4,156 | €2,575 | -€1,582 | -38.1% |
| Financial fixed assets | 28 | - | €143 | +€143 | |
| Current assets | 29/58 | €183,062 | €119,936 | -€63,127 | -34.5% |
| Amounts receivable after more than one year | 29 | €56,000 | €56,000 | = | 0.0% |
| Other amounts receivable | 291 | €56,000 | €56,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €53,716 | €560 | -€53,156 | -99.0% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €53,716 | €560 | -€53,156 | -99.0% |
| Cash at bank and in hand | 54/58 | €71,756 | €58,957 | -€12,798 | -17.8% |
| Deferred charges and accrued income | 490/1 | €1,590 | €4,418 | +€2,828 | +178% |
| Total equity and liabilities | 10/49 | €194,093 | €128,667 | -€65,427 | -33.7% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €189,093 | €123,667 | -€65,427 | -34.6% |
| Amounts payable within one year | 42/48 | €189,093 | €123,667 | -€65,427 | -34.6% |
| Trade debts | 44 | €33 | €255 | +€222 | +678% |
| Suppliers | 440/4 | €33 | €255 | +€222 | +678% |
| Taxes, remuneration and social security | 45 | €11,294 | €33,237 | +€21,943 | +194% |
| Taxes | 450/3 | €11,294 | €26,487 | +€15,193 | +135% |
| Remuneration and social security | 454/9 | - | €6,750 | +€6,750 | |
| Other amounts payable | 47/48 | €177,767 | €90,175 | -€87,592 | -49.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,443 | €2,443 | +€0 | 0.0% |
| Other operating charges | 640/8 | €552 | €526 | -€27 | -4.8% |
| Gross operating margin | 9900 | €139,145 | €72,311 | -€66,834 | -48.0% |
| Operating profit (loss) | 9901 | €136,150 | €69,343 | -€66,807 | -49.1% |
| Financial income | 75/76B | €637 | €560 | -€77 | -12.0% |
| Recurring financial income | 75 | €637 | €560 | -€77 | -12.0% |
| Financial charges | 65/66B | €96 | €944 | +€848 | +881% |
| Recurring financial charges | 65 | €96 | €944 | +€848 | +881% |
| Profit (loss) for the period before taxes | 9903 | €136,690 | €68,959 | -€67,732 | -49.6% |
| Income taxes | 67/77 | €28,294 | €15,193 | -€13,101 | -46.3% |
| Profit (loss) for the period | 9904 | €108,396 | €53,766 | -€54,631 | -50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €108,396 | €53,766 | -€54,631 | -50.4% |
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 22 October 2026 via checked.be.