Dr. Jan Wissels: 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. Jan Wissels
Largest movements
- Cash -€31,194
down €31,194 (-26.4%), from €118,100 to €86,906
mainly Contributions, distributions and other (-€206,619) and Receivables after one year (-€20,000)
- Receivables after one year +€20,000
new in 2025: €20,000
- Tangible fixed assets -€15,975
down €15,975 (-26.1%), from €61,272 to €45,296
of which Furniture and vehicles: -€15,180
- Deferred charges and accrued income -€2,049
down €2,049 (-40.7%), from €5,036 to €2,987
- Reserves -€90,920
no longer reported in 2025 (was €90,920)
- Other debts +€70,673
up €70,673 (+278%), from €25,400 to €96,073
- Debts after one year -€12,567
down €12,567 (-32.9%), from €38,230 to €25,663
- Tax, wage and social debts +€2,266
up €2,266 (+13.9%), from €16,254 to €18,520
- Gross operating margin -€7,486
down €7,486 (-4.2%), from €177,835 to €170,349
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 | €184,952 | €155,189 | -€29,762 | -16.1% |
| Fixed assets | 21/28 | €61,272 | €45,296 | -€15,975 | -26.1% |
| Tangible fixed assets | 22/27 | €61,272 | €45,296 | -€15,975 | -26.1% |
| Plant, machinery and equipment | 23 | €2,298 | €1,503 | -€795 | -34.6% |
| Furniture and vehicles | 24 | €58,973 | €43,793 | -€15,180 | -25.7% |
| Current assets | 29/58 | €123,680 | €109,893 | -€13,787 | -11.1% |
| Amounts receivable after more than one year | 29 | - | €20,000 | +€20,000 | |
| Other amounts receivable | 291 | - | €20,000 | +€20,000 | |
| Amounts receivable within one year | 40/41 | €544 | - | -€544 | |
| Trade receivables | 40 | €544 | - | -€544 | |
| Cash at bank and in hand | 54/58 | €118,100 | €86,906 | -€31,194 | -26.4% |
| Deferred charges and accrued income | 490/1 | €5,036 | €2,987 | -€2,049 | -40.7% |
| Total equity and liabilities | 10/49 | €184,952 | €155,189 | -€29,762 | -16.1% |
| Equity | 10/15 | €92,920 | €2,000 | -€90,920 | -97.8% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €90,920 | - | -€90,920 | |
| Distributable reserves | 133 | €90,920 | - | -€90,920 | |
| Amounts payable | 17/49 | €92,032 | €153,189 | +€61,158 | +66.5% |
| Amounts payable after more than one year | 17 | €38,230 | €25,663 | -€12,567 | -32.9% |
| Financial debts | 170/4 | €38,230 | €25,663 | -€12,567 | -32.9% |
| Amounts payable within one year | 42/48 | €53,802 | €127,526 | +€73,725 | +137% |
| Current portion of amounts payable after more than one year | 42 | €12,034 | €12,567 | +€533 | +4.4% |
| Trade debts | 44 | €113 | €366 | +€253 | +225% |
| Suppliers | 440/4 | €113 | €366 | +€253 | +225% |
| Taxes, remuneration and social security | 45 | €16,254 | €18,520 | +€2,266 | +13.9% |
| Taxes | 450/3 | €16,254 | €18,520 | +€2,266 | +13.9% |
| Other amounts payable | 47/48 | €25,400 | €96,073 | +€70,673 | +278% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,582 | €15,975 | -€607 | -3.7% |
| Other operating charges | 640/8 | €965 | €400 | -€566 | -58.6% |
| Gross operating margin | 9900 | €177,835 | €170,349 | -€7,486 | -4.2% |
| Operating profit (loss) | 9901 | €160,288 | €153,974 | -€6,314 | -3.9% |
| Financial charges | 65/66B | €2,589 | €2,094 | -€495 | -19.1% |
| Recurring financial charges | 65 | €2,589 | €2,094 | -€495 | -19.1% |
| Profit (loss) for the period before taxes | 9903 | €157,699 | €151,880 | -€5,819 | -3.7% |
| Income taxes | 67/77 | €35,779 | €36,181 | +€402 | +1.1% |
| Profit (loss) for the period | 9904 | €121,920 | €115,699 | -€6,221 | -5.1% |
| Profit (loss) for the period to be appropriated | 9905 | €121,920 | €115,699 | -€6,221 | -5.1% |
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 30 October 2026 via checked.be.