DR. PATRICK WIJNS: 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. PATRICK WIJNS
Largest movements
- Current investments +€50,000
up €50,000 (+100%), from €50,000 to €100,000
- Receivables within one year -€36,483
down €36,483 (-21.5%), from €169,737 to €133,254
of which Other amounts receivable: -€36,360
- Cash +€24,465
up €24,465 (+9.1%), from €269,901 to €294,366
mainly Net result for the year (+€106,739) and Receivables within one year (+€36,483)
- Deferred charges and accrued income +€23,163
up €23,163 (+873%), from €2,654 to €25,817
- Reserves +€106,739
up €106,739 (+33.9%), from €314,808 to €421,546
of which Distributable reserves: +€106,739
- Other debts -€71,382
down €71,382 (-37.7%), from €189,268 to €117,886
- Tax, wage and social debts +€22,315
up €22,315 (+578%), from €3,859 to €26,174
of which Taxes: +€20,022
- Gross operating margin +€100,652
up €100,652 (+103%), from €97,464 to €198,116
- Other operating charges +€29,536
up €29,536 (+344%), from €8,575 to €38,111
- Taxes +€23,813
up €23,813 (+95.1%), from €25,034 to €48,847
- Financial income -€2,534
down €2,534 (-75.4%), from €3,359 to €825
- Financial charges -€2,198
down €2,198 (-37.2%), from €5,916 to €3,718
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €575,077 | €636,920 | +€61,842 | +10.8% |
| Fixed assets | 21/28 | €42,785 | €43,482 | +€697 | +1.6% |
| Tangible fixed assets | 22/27 | €6,019 | €6,716 | +€697 | +11.6% |
| Land and buildings | 22 | €1,461 | €1,387 | -€74 | -5.0% |
| Plant, machinery and equipment | 23 | - | €1,836 | +€1,836 | |
| Furniture and vehicles | 24 | €4,558 | €3,493 | -€1,065 | -23.4% |
| Financial fixed assets | 28 | €36,767 | €36,767 | = | 0.0% |
| Current assets | 29/58 | €532,292 | €593,437 | +€61,145 | +11.5% |
| Amounts receivable after more than one year | 29 | €40,000 | €40,000 | = | 0.0% |
| Trade receivables | 290 | - | €40,000 | +€40,000 | |
| Other amounts receivable | 291 | €40,000 | - | -€40,000 | |
| Amounts receivable within one year | 40/41 | €169,737 | €133,254 | -€36,483 | -21.5% |
| Trade receivables | 40 | €124 | €0 | -€124 | -100% |
| Other amounts receivable | 41 | €169,613 | €133,254 | -€36,360 | -21.4% |
| Current investments | 50/53 | €50,000 | €100,000 | +€50,000 | +100% |
| Cash at bank and in hand | 54/58 | €269,901 | €294,366 | +€24,465 | +9.1% |
| Deferred charges and accrued income | 490/1 | €2,654 | €25,817 | +€23,163 | +873% |
| Total equity and liabilities | 10/49 | €575,077 | €636,920 | +€61,842 | +10.8% |
| Equity | 10/15 | €376,874 | €483,612 | +€106,739 | +28.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €314,808 | €421,546 | +€106,739 | +33.9% |
| Non-distributable reserves | 130/1 | - | €0 | = | |
| Reserves not available under the articles | 1311 | - | €0 | = | |
| Distributable reserves | 133 | €314,808 | €421,546 | +€106,739 | +33.9% |
| Profit (loss) carried forward | 14 | €55,866 | €55,866 | = | 0.0% |
| Amounts payable | 17/49 | €198,204 | €153,307 | -€44,896 | -22.7% |
| Amounts payable within one year | 42/48 | €198,204 | €153,307 | -€44,896 | -22.7% |
| Trade debts | 44 | €5,077 | €9,247 | +€4,171 | +82.2% |
| Suppliers | 440/4 | €5,077 | €9,247 | +€4,171 | +82.2% |
| Taxes, remuneration and social security | 45 | €3,859 | €26,174 | +€22,315 | +578% |
| Taxes | 450/3 | €3,859 | €23,881 | +€20,022 | +519% |
| Remuneration and social security | 454/9 | - | €2,293 | +€2,293 | |
| Other amounts payable | 47/48 | €189,268 | €117,886 | -€71,382 | -37.7% |
| Non-recurring operating income | 76A | - | €10,203 | +€10,203 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €952 | €1,526 | +€574 | +60.3% |
| Other operating charges | 640/8 | €8,575 | €38,111 | +€29,536 | +344% |
| Gross operating margin | 9900 | €97,464 | €198,116 | +€100,652 | +103% |
| Operating profit (loss) | 9901 | €87,937 | €158,479 | +€70,542 | +80.2% |
| Financial income | 75/76B | €3,359 | €825 | -€2,534 | -75.4% |
| Recurring financial income | 75 | €3,359 | €825 | -€2,534 | -75.4% |
| Financial charges | 65/66B | €5,916 | €3,718 | -€2,198 | -37.2% |
| Recurring financial charges | 65 | €5,916 | €3,718 | -€2,198 | -37.2% |
| Profit (loss) for the period before taxes | 9903 | €85,381 | €155,586 | +€70,205 | +82.2% |
| Income taxes | 67/77 | €25,034 | €48,847 | +€23,813 | +95.1% |
| Profit (loss) for the period | 9904 | €60,346 | €106,739 | +€46,392 | +76.9% |
| Profit (loss) for the period to be appropriated | 9905 | €60,346 | €106,739 | +€46,392 | +76.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.