Dr. Evelyne De Wit: 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. Evelyne De Wit
Largest movements
- Cash +€28,829
up €28,829 (+48.7%), from €59,258 to €88,088
mainly Net result for the year (+€89,219) and Other debts (+€52,470)
- Receivables within one year +€26,476
up €26,476 (+233%), from €11,377 to €37,852
of which Trade receivables: +€35,319
- Other debts +€52,470
up €52,470 (+79.6%), from €65,926 to €118,396
- Tax, wage and social debts +€5,170
up €5,170, from €0 to €5,170
- Trade debts -€1,875
down €1,875 (-52.3%), from €3,586 to €1,711
- Current portion of long-term debt -€1,640
down €1,640 (-100%), from €1,640 to €0
- Gross operating margin +€55,293
up €55,293 (+88.1%), from €62,788 to €118,081
- Taxes +€11,513
up €11,513 (+103%), from €11,157 to €22,670
- Other operating charges -€3,975
down €3,975 (-76.0%), from €5,231 to €1,256
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 | €76,152 | €130,916 | +€54,764 | +71.9% |
| Fixed assets | 21/28 | €4,719 | €4,207 | -€511 | -10.8% |
| Tangible fixed assets | 22/27 | €4,719 | €4,207 | -€511 | -10.8% |
| Plant, machinery and equipment | 23 | €1,328 | €3,710 | +€2,382 | +179% |
| Furniture and vehicles | 24 | €1,534 | €497 | -€1,037 | -67.6% |
| Leasing and similar rights | 25 | €1,857 | €0 | -€1,857 | -100% |
| Current assets | 29/58 | €71,433 | €126,709 | +€55,275 | +77.4% |
| Amounts receivable within one year | 40/41 | €11,377 | €37,852 | +€26,476 | +233% |
| Trade receivables | 40 | €2,533 | €37,852 | +€35,319 | +1,394% |
| Other amounts receivable | 41 | €8,843 | €0 | -€8,843 | -100% |
| Cash at bank and in hand | 54/58 | €59,258 | €88,088 | +€28,829 | +48.7% |
| Deferred charges and accrued income | 490/1 | €798 | €769 | -€30 | -3.7% |
| Total equity and liabilities | 10/49 | €76,152 | €130,916 | +€54,764 | +71.9% |
| Equity | 10/15 | €5,000 | €5,000 | = | 0.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €71,152 | €125,916 | +€54,764 | +77.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €71,152 | €125,276 | +€54,124 | +76.1% |
| Current portion of amounts payable after more than one year | 42 | €1,640 | €0 | -€1,640 | -100% |
| Trade debts | 44 | €3,586 | €1,711 | -€1,875 | -52.3% |
| Suppliers | 440/4 | €3,586 | €1,711 | -€1,875 | -52.3% |
| Taxes, remuneration and social security | 45 | €0 | €5,170 | +€5,170 | |
| Taxes | 450/3 | €0 | €5,170 | +€5,170 | |
| Other amounts payable | 47/48 | €65,926 | €118,396 | +€52,470 | +79.6% |
| Accrued charges and deferred income | 492/3 | €0 | €640 | +€640 | |
| Non-recurring operating income | 76A | €0 | €14,032 | +€14,032 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,043 | €4,885 | -€1,158 | -19.2% |
| Other operating charges | 640/8 | €5,231 | €1,256 | -€3,975 | -76.0% |
| Gross operating margin | 9900 | €62,788 | €118,081 | +€55,293 | +88.1% |
| Operating profit (loss) | 9901 | €51,514 | €111,940 | +€60,426 | +117% |
| Financial charges | 65/66B | €123 | €52 | -€71 | -57.9% |
| Recurring financial charges | 65 | €123 | €52 | -€71 | -57.9% |
| Profit (loss) for the period before taxes | 9903 | €51,391 | €111,888 | +€60,497 | +118% |
| Income taxes | 67/77 | €11,157 | €22,670 | +€11,513 | +103% |
| Profit (loss) for the period | 9904 | €40,235 | €89,219 | +€48,984 | +122% |
| Profit (loss) for the period to be appropriated | 9905 | €40,235 | €89,219 | +€48,984 | +122% |
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 27 October 2026 via checked.be.