Dr Fernand Weerts: 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 Fernand Weerts
Largest movements
- Cash +€103,270
up €103,270 (+95.0%), from €108,685 to €211,955
mainly Net result for the year (+€100,092) and Deferred charges and accrued income (+€22,277)
- Deferred charges and accrued income -€22,277
down €22,277 (-67.3%), from €33,100 to €10,823
- Receivables within one year +€12,418
up €12,418 (+74.1%), from €16,747 to €29,166
- Tangible fixed assets +€3,972
new in 2025: €3,972
of which Furniture and vehicles: +€3,148
- Profit (loss) carried forward +€100,092
up €100,092 (+85.1%), from €117,595 to €217,687
- Tax, wage and social debts -€3,000
down €3,000 (-100%), from €3,000 to €0
- Gross operating margin -€23,104
down €23,104 (-15.2%), from €151,999 to €128,895
- Taxes -€5,758
down €5,758 (-17.3%), from €33,340 to €27,582
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 | €158,533 | €255,916 | +€97,384 | +61.4% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | - | €3,972 | +€3,972 | |
| Tangible fixed assets | 22/27 | - | €3,972 | +€3,972 | |
| Furniture and vehicles | 24 | - | €3,148 | +€3,148 | |
| Other tangible fixed assets | 26 | - | €824 | +€824 | |
| Current assets | 29/58 | €158,533 | €251,944 | +€93,411 | +58.9% |
| Amounts receivable within one year | 40/41 | €16,747 | €29,166 | +€12,418 | +74.1% |
| Other amounts receivable | 41 | €16,747 | €29,166 | +€12,418 | +74.1% |
| Cash at bank and in hand | 54/58 | €108,685 | €211,955 | +€103,270 | +95.0% |
| Deferred charges and accrued income | 490/1 | €33,100 | €10,823 | -€22,277 | -67.3% |
| Total equity and liabilities | 10/49 | €158,533 | €255,916 | +€97,384 | +61.4% |
| Equity | 10/15 | €147,978 | €248,070 | +€100,092 | +67.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €27,383 | €27,383 | = | 0.0% |
| Distributable reserves | 133 | €27,383 | €27,383 | = | 0.0% |
| Profit (loss) carried forward | 14 | €117,595 | €217,687 | +€100,092 | +85.1% |
| Amounts payable | 17/49 | €10,554 | €7,846 | -€2,708 | -25.7% |
| Amounts payable within one year | 42/48 | €10,385 | €7,607 | -€2,777 | -26.7% |
| Trade debts | 44 | €16 | €641 | +€625 | +3,824% |
| Suppliers | 440/4 | €16 | €641 | +€625 | +3,824% |
| Taxes, remuneration and social security | 45 | €3,000 | €0 | -€3,000 | -100% |
| Taxes | 450/3 | €3,000 | €0 | -€3,000 | -100% |
| Other amounts payable | 47/48 | €7,368 | €6,966 | -€402 | -5.5% |
| Accrued charges and deferred income | 492/3 | €170 | €239 | +€69 | +40.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,015 | €27 | -€989 | -97.3% |
| Gross operating margin | 9900 | €151,999 | €128,895 | -€23,104 | -15.2% |
| Operating profit (loss) | 9901 | €150,984 | €128,868 | -€22,116 | -14.6% |
| Financial charges | 65/66B | €49 | €1,194 | +€1,145 | +2,337% |
| Recurring financial charges | 65 | €49 | €1,194 | +€1,145 | +2,337% |
| Profit (loss) for the period before taxes | 9903 | €150,935 | €127,674 | -€23,261 | -15.4% |
| Income taxes | 67/77 | €33,340 | €27,582 | -€5,758 | -17.3% |
| Profit (loss) for the period | 9904 | €117,595 | €100,092 | -€17,503 | -14.9% |
| Profit (loss) for the period to be appropriated | 9905 | €117,595 | €100,092 | -€17,503 | -14.9% |
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 28 October 2026 via checked.be.