Dr V. DE WILDE: 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 V. DE WILDE
Largest movements
- Receivables after one year +€147,783
up €147,783 (+441%), from €33,500 to €181,283
- Current investments +€35,910
up €35,910 (+8.2%), from €435,676 to €471,586
- Deferred charges and accrued income +€31,208
up €31,208 (+77.7%), from €40,165 to €71,373
- Cash -€28,627
down €28,627 (-12.2%), from €233,843 to €205,217
mainly Receivables after one year (-€147,783) and Contributions, distributions and other (-€131,098)
- Tangible fixed assets +€19,840
up €19,840 (+3.7%), from €535,965 to €555,805
of which Furniture and vehicles: +€39,750
- Reserves +€190,374
up €190,374 (+19.0%), from €999,933 to €1.2m
- Tax, wage and social debts +€41,078
up €41,078 (+134%), from €30,744 to €71,822
- Gross operating margin +€110,545
up €110,545 (+32.7%), from €338,465 to €449,010
- Taxes +€45,692
up €45,692 (+47.5%), from €96,112 to €141,804
- Financial income +€40,097
up €40,097 (+1,456%), from €2,753 to €42,850
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 | €1,279,150 | €1,485,964 | +€206,814 | +16.2% |
| Fixed assets | 21/28 | €535,965 | €555,805 | +€19,840 | +3.7% |
| Tangible fixed assets | 22/27 | €535,965 | €555,805 | +€19,840 | +3.7% |
| Land and buildings | 22 | €534,434 | €514,524 | -€19,910 | -3.7% |
| Furniture and vehicles | 24 | €1,531 | €41,281 | +€39,750 | +2,597% |
| Current assets | 29/58 | €743,185 | €930,159 | +€186,974 | +25.2% |
| Amounts receivable after more than one year | 29 | €33,500 | €181,283 | +€147,783 | +441% |
| Other amounts receivable | 291 | €33,500 | €181,283 | +€147,783 | +441% |
| Amounts receivable within one year | 40/41 | - | €700 | +€700 | |
| Trade receivables | 40 | - | €700 | +€700 | |
| Current investments | 50/53 | €435,676 | €471,586 | +€35,910 | +8.2% |
| Cash at bank and in hand | 54/58 | €233,843 | €205,217 | -€28,627 | -12.2% |
| Deferred charges and accrued income | 490/1 | €40,165 | €71,373 | +€31,208 | +77.7% |
| Total equity and liabilities | 10/49 | €1,279,150 | €1,485,964 | +€206,814 | +16.2% |
| Equity | 10/15 | €1,099,933 | €1,290,307 | +€190,374 | +17.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €999,933 | €1,190,307 | +€190,374 | +19.0% |
| Distributable reserves | 133 | €999,933 | €1,190,307 | +€190,374 | +19.0% |
| Amounts payable | 17/49 | €179,216 | €195,657 | +€16,440 | +9.2% |
| Amounts payable after more than one year | 17 | €89,331 | €81,890 | -€7,441 | -8.3% |
| Financial debts | 170/4 | €89,331 | €81,890 | -€7,441 | -8.3% |
| Amounts payable within one year | 42/48 | €88,061 | €111,740 | +€23,678 | +26.9% |
| Current portion of amounts payable after more than one year | 42 | €18,551 | €7,537 | -€11,013 | -59.4% |
| Trade debts | 44 | €566 | €3,929 | +€3,363 | +594% |
| Suppliers | 440/4 | €566 | €3,929 | +€3,363 | +594% |
| Taxes, remuneration and social security | 45 | €30,744 | €71,822 | +€41,078 | +134% |
| Taxes | 450/3 | €30,744 | €71,822 | +€41,078 | +134% |
| Other amounts payable | 47/48 | €38,201 | €28,452 | -€9,749 | -25.5% |
| Accrued charges and deferred income | 492/3 | €1,824 | €2,027 | +€203 | +11.1% |
| Non-recurring operating income | 76A | - | €15,000 | +€15,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,958 | €22,912 | +€1,954 | +9.3% |
| Other operating charges | 640/8 | €4,792 | €4,373 | -€420 | -8.8% |
| Gross operating margin | 9900 | €338,465 | €449,010 | +€110,545 | +32.7% |
| Operating profit (loss) | 9901 | €312,714 | €421,725 | +€109,011 | +34.9% |
| Financial income | 75/76B | €2,753 | €42,850 | +€40,097 | +1,456% |
| Recurring financial income | 75 | €2,753 | €42,850 | +€40,097 | +1,456% |
| Financial charges | 65/66B | €3,060 | €1,299 | -€1,761 | -57.5% |
| Recurring financial charges | 65 | €3,060 | €1,299 | -€1,761 | -57.5% |
| Profit (loss) for the period before taxes | 9903 | €312,407 | €463,276 | +€150,869 | +48.3% |
| Income taxes | 67/77 | €96,112 | €141,804 | +€45,692 | +47.5% |
| Profit (loss) for the period | 9904 | €216,295 | €321,472 | +€105,177 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €216,295 | €321,472 | +€105,177 | +48.6% |
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 24 October 2026 via checked.be.