Dr. Jolien Wevers: 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. Jolien Wevers
Largest movements
- Receivables within one year +€24,474
up €24,474 (+1,792%), from €1,366 to €25,840
of which Trade receivables: +€24,474
- Cash -€11,947
down €11,947 (-14.4%), from €82,691 to €70,744
mainly Contributions, distributions and other (-€60,000) and Receivables within one year (-€24,474)
- Tangible fixed assets -€4,868
down €4,868 (-44.7%), from €10,878 to €6,011
- Deferred charges and accrued income +€1,285
up €1,285 (+46.1%), from €2,790 to €4,075
- Other debts +€22,873
up €22,873 (+42.0%), from €54,469 to €77,342
- Reserves -€11,584
down €11,584 (-53.4%), from €21,688 to €10,103
- Debts after one year -€4,524
down €4,524 (-74.9%), from €6,043 to €1,519
- Trade debts +€1,201
up €1,201 (+16.6%), from €7,231 to €8,432
- Gross operating margin +€53,786
up €53,786 (+420%), from €12,806 to €66,592
- Taxes +€10,895
up €10,895 (+461%), from €2,363 to €13,257
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 | €97,725 | €106,669 | +€8,944 | +9.2% |
| Fixed assets | 21/28 | €10,878 | €6,011 | -€4,868 | -44.7% |
| Tangible fixed assets | 22/27 | €10,878 | €6,011 | -€4,868 | -44.7% |
| Furniture and vehicles | 24 | €10,878 | €6,011 | -€4,868 | -44.7% |
| Current assets | 29/58 | €86,847 | €100,659 | +€13,812 | +15.9% |
| Amounts receivable within one year | 40/41 | €1,366 | €25,840 | +€24,474 | +1,792% |
| Trade receivables | 40 | - | €24,474 | +€24,474 | |
| Other amounts receivable | 41 | €1,366 | €1,366 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €82,691 | €70,744 | -€11,947 | -14.4% |
| Deferred charges and accrued income | 490/1 | €2,790 | €4,075 | +€1,285 | +46.1% |
| Total equity and liabilities | 10/49 | €97,725 | €106,669 | +€8,944 | +9.2% |
| Equity | 10/15 | €25,188 | €13,603 | -€11,584 | -46.0% |
| Contributions | 10/11 | €3,500 | €3,500 | = | 0.0% |
| Reserves | 13 | €21,688 | €10,103 | -€11,584 | -53.4% |
| Distributable reserves | 133 | €21,688 | €10,103 | -€11,584 | -53.4% |
| Amounts payable | 17/49 | €72,537 | €93,066 | +€20,529 | +28.3% |
| Amounts payable after more than one year | 17 | €6,043 | €1,519 | -€4,524 | -74.9% |
| Financial debts | 170/4 | €6,043 | €1,519 | -€4,524 | -74.9% |
| Amounts payable within one year | 42/48 | €66,176 | €91,218 | +€25,042 | +37.8% |
| Current portion of amounts payable after more than one year | 42 | €4,475 | €4,524 | +€49 | +1.1% |
| Trade debts | 44 | €7,231 | €8,432 | +€1,201 | +16.6% |
| Suppliers | 440/4 | €7,231 | €8,432 | +€1,201 | +16.6% |
| Taxes, remuneration and social security | 45 | - | €920 | +€920 | |
| Taxes | 450/3 | - | €920 | +€920 | |
| Other amounts payable | 47/48 | €54,469 | €77,342 | +€22,873 | +42.0% |
| Accrued charges and deferred income | 492/3 | €318 | €329 | +€11 | +3.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,922 | €4,868 | -€54 | -1.1% |
| Other operating charges | 640/8 | €555 | €505 | -€50 | -9.1% |
| Gross operating margin | 9900 | €12,806 | €66,592 | +€53,786 | +420% |
| Operating profit (loss) | 9901 | €7,329 | €61,219 | +€53,891 | +735% |
| Financial income | 75/76B | €1,495 | €1,235 | -€260 | -17.4% |
| Recurring financial income | 75 | €1,495 | €1,235 | -€260 | -17.4% |
| Financial charges | 65/66B | €827 | €782 | -€45 | -5.5% |
| Recurring financial charges | 65 | €827 | €782 | -€45 | -5.5% |
| Profit (loss) for the period before taxes | 9903 | €7,997 | €61,673 | +€53,676 | +671% |
| Income taxes | 67/77 | €2,363 | €13,257 | +€10,895 | +461% |
| Profit (loss) for the period | 9904 | €5,635 | €48,416 | +€42,781 | +759% |
| Profit (loss) for the period to be appropriated | 9905 | €5,635 | €48,416 | +€42,781 | +759% |
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 26 October 2026 via checked.be.