"Dr. G. Dewolf": 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. G. Dewolf"
Largest movements
- Cash +€19,810
up €19,810 (+48.6%), from €40,770 to €60,581
mainly Other debts (+€70,495) and Net result for the year (+€69,197)
- Deferred charges and accrued income -€13,058
down €13,058 (-70.3%), from €18,583 to €5,525
- Tangible fixed assets -€7,543
down €7,543 (-27.3%), from €27,680 to €20,137
of which Furniture and vehicles: -€6,299
- Receivables within one year +€2,179
up €2,179 (+12,071%), from €18 to €2,197
- Other debts +€70,495
up €70,495 (+5,708%), from €1,235 to €71,730
- Profit (loss) carried forward -€57,778
no longer reported in 2025 (was €57,778)
- Debts after one year -€7,527
down €7,527 (-74.9%), from €10,053 to €2,526
- Tax, wage and social debts -€5,536
no longer reported in 2025 (was €5,536)
of which Remuneration and social security: -€4,040
- Accrued charges and deferred income +€1,656
new in 2025: €1,656
- Gross operating margin +€13,929
up €13,929 (+16.6%), from €83,915 to €97,844
- Financial income -€4,444
down €4,444 (-99.9%), from €4,446 to €3
- Taxes -€2,161
down €2,161 (-10.8%), from €19,982 to €17,821
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 | €87,051 | €88,439 | +€1,388 | +1.6% |
| Fixed assets | 21/28 | €27,680 | €20,137 | -€7,543 | -27.3% |
| Tangible fixed assets | 22/27 | €27,680 | €20,137 | -€7,543 | -27.3% |
| Plant, machinery and equipment | 23 | €684 | €342 | -€342 | -50.0% |
| Furniture and vehicles | 24 | €18,408 | €12,109 | -€6,299 | -34.2% |
| Other tangible fixed assets | 26 | €8,589 | €7,687 | -€902 | -10.5% |
| Current assets | 29/58 | €59,371 | €68,302 | +€8,931 | +15.0% |
| Amounts receivable within one year | 40/41 | €18 | €2,197 | +€2,179 | +12,071% |
| Other amounts receivable | 41 | €18 | €2,197 | +€2,179 | +12,071% |
| Cash at bank and in hand | 54/58 | €40,770 | €60,581 | +€19,810 | +48.6% |
| Deferred charges and accrued income | 490/1 | €18,583 | €5,525 | -€13,058 | -70.3% |
| Total equity and liabilities | 10/49 | €87,051 | €88,439 | +€1,388 | +1.6% |
| Equity | 10/15 | €62,778 | €5,000 | -€57,778 | -92.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €57,778 | - | -€57,778 | |
| Amounts payable | 17/49 | €24,273 | €83,439 | +€59,166 | +244% |
| Amounts payable after more than one year | 17 | €10,053 | €2,526 | -€7,527 | -74.9% |
| Financial debts | 170/4 | €10,053 | €2,526 | -€7,527 | -74.9% |
| Amounts payable within one year | 42/48 | €14,221 | €79,257 | +€65,036 | +457% |
| Current portion of amounts payable after more than one year | 42 | €7,450 | €7,527 | +€77 | +1.0% |
| Taxes, remuneration and social security | 45 | €5,536 | - | -€5,536 | |
| Taxes | 450/3 | €1,496 | - | -€1,496 | |
| Remuneration and social security | 454/9 | €4,040 | - | -€4,040 | |
| Other amounts payable | 47/48 | €1,235 | €71,730 | +€70,495 | +5,708% |
| Accrued charges and deferred income | 492/3 | - | €1,656 | +€1,656 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,606 | €9,771 | +€165 | +1.7% |
| Other operating charges | 640/8 | €738 | €763 | +€25 | +3.4% |
| Gross operating margin | 9900 | €83,915 | €97,844 | +€13,929 | +16.6% |
| Operating profit (loss) | 9901 | €73,571 | €87,310 | +€13,738 | +18.7% |
| Financial income | 75/76B | €4,446 | €3 | -€4,444 | -99.9% |
| Recurring financial income | 75 | €4,446 | €3 | -€4,444 | -99.9% |
| Financial charges | 65/66B | €258 | €294 | +€37 | +14.2% |
| Recurring financial charges | 65 | €258 | €294 | +€37 | +14.2% |
| Profit (loss) for the period before taxes | 9903 | €77,760 | €87,018 | +€9,258 | +11.9% |
| Income taxes | 67/77 | €19,982 | €17,821 | -€2,161 | -10.8% |
| Profit (loss) for the period | 9904 | €57,778 | €69,197 | +€11,419 | +19.8% |
| Profit (loss) for the period to be appropriated | 9905 | €57,778 | €69,197 | +€11,419 | +19.8% |
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 18 October 2026 via checked.be.