Dr. VAN der WANGEN PETER: 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. VAN der WANGEN PETER
Largest movements
- Receivables within one year +€20,905
up €20,905 (+21.7%), from €96,391 to €117,296
of which Other amounts receivable: +€21,236
- Current investments +€16,000
up €16,000 (+1.5%), from €1.1m to €1.1m
- Reserves +€113,407
up €113,407 (+8.4%), from €1.3m to €1.5m
of which Distributable reserves: +€113,407
- Other debts -€60,302
down €60,302 (-44.2%), from €136,368 to €76,066
- Financial income -€30,571
down €30,571 (-63.8%), from €47,938 to €17,367
- Gross operating margin -€23,176
down €23,176 (-5.8%), from €396,404 to €373,229
- Taxes -€12,069
down €12,069 (-9.5%), from €127,600 to €115,531
- Financial charges -€10,096
down €10,096 (-75.9%), from €13,303 to €3,207
- Depreciation +€4,456
up €4,456 (+20.9%), from €21,329 to €25,785
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 | €1,549,911 | €1,586,788 | +€36,877 | +2.4% |
| Fixed assets | 21/28 | €144,200 | €129,689 | -€14,510 | -10.1% |
| Tangible fixed assets | 22/27 | €144,200 | €129,689 | -€14,510 | -10.1% |
| Land and buildings | 22 | €128,364 | €121,742 | -€6,622 | -5.2% |
| Plant, machinery and equipment | 23 | €795 | €304 | -€491 | -61.7% |
| Furniture and vehicles | 24 | €15,041 | €7,643 | -€7,398 | -49.2% |
| Current assets | 29/58 | €1,405,711 | €1,457,099 | +€51,387 | +3.7% |
| Amounts receivable within one year | 40/41 | €96,391 | €117,296 | +€20,905 | +21.7% |
| Trade receivables | 40 | €2,254 | €1,923 | -€331 | -14.7% |
| Other amounts receivable | 41 | €94,137 | €115,373 | +€21,236 | +22.6% |
| Current investments | 50/53 | €1,095,437 | €1,111,437 | +€16,000 | +1.5% |
| Cash at bank and in hand | 54/58 | €155,817 | €161,609 | +€5,791 | +3.7% |
| Deferred charges and accrued income | 490/1 | €58,066 | €66,757 | +€8,691 | +15.0% |
| Total equity and liabilities | 10/49 | €1,549,911 | €1,586,788 | +€36,877 | +2.4% |
| Equity | 10/15 | €1,368,541 | €1,481,948 | +€113,407 | +8.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €1,349,949 | €1,463,356 | +€113,407 | +8.4% |
| Tax-exempt reserves | 132 | €56,250 | €56,250 | = | 0.0% |
| Distributable reserves | 133 | €1,293,699 | €1,407,106 | +€113,407 | +8.8% |
| Amounts payable | 17/49 | €181,370 | €104,840 | -€76,530 | -42.2% |
| Amounts payable within one year | 42/48 | €167,857 | €104,779 | -€63,078 | -37.6% |
| Trade debts | 44 | €3,688 | €4,550 | +€863 | +23.4% |
| Suppliers | 440/4 | €3,688 | €4,550 | +€863 | +23.4% |
| Taxes, remuneration and social security | 45 | €27,801 | €24,163 | -€3,638 | -13.1% |
| Taxes | 450/3 | €27,801 | €24,163 | -€3,638 | -13.1% |
| Other amounts payable | 47/48 | €136,368 | €76,066 | -€60,302 | -44.2% |
| Accrued charges and deferred income | 492/3 | €13,513 | €61 | -€13,452 | -99.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,329 | €25,785 | +€4,456 | +20.9% |
| Other operating charges | 640/8 | €4,098 | €4,444 | +€346 | +8.4% |
| Gross operating margin | 9900 | €396,404 | €373,229 | -€23,176 | -5.8% |
| Operating profit (loss) | 9901 | €370,977 | €343,000 | -€27,977 | -7.5% |
| Financial income | 75/76B | €47,938 | €17,367 | -€30,571 | -63.8% |
| Recurring financial income | 75 | €47,938 | €17,367 | -€30,571 | -63.8% |
| Financial charges | 65/66B | €13,303 | €3,207 | -€10,096 | -75.9% |
| Recurring financial charges | 65 | €13,303 | €3,207 | -€10,096 | -75.9% |
| Profit (loss) for the period before taxes | 9903 | €405,612 | €357,160 | -€48,452 | -11.9% |
| Income taxes | 67/77 | €127,600 | €115,531 | -€12,069 | -9.5% |
| Profit (loss) for the period | 9904 | €278,012 | €241,629 | -€36,383 | -13.1% |
| Profit (loss) for the period to be appropriated | 9905 | €278,012 | €241,629 | -€36,383 | -13.1% |
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 26 October 2026 via checked.be.