Dr. VAN WAMBEKE SIMON: 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 WAMBEKE SIMON
Largest movements
- Receivables within one year +€45,469
up €45,469 (+29.5%), from €154,060 to €199,529
of which Trade receivables: +€26,713
- Cash -€37,010
down €37,010 (-26.6%), from €138,926 to €101,916
mainly Contributions, distributions and other (-€321,000) and Receivables within one year (-€45,469)
- Tangible fixed assets -€23,619
down €23,619 (-5.6%), from €422,622 to €399,003
of which Land and buildings: -€12,250
- Debts after one year -€28,027
down €28,027 (-7.8%), from €357,986 to €329,959
- Reserves +€9,945
up €9,945 (+3.1%), from €321,283 to €331,228
- Gross operating margin +€20,453
up €20,453 (+4.5%), from €450,856 to €471,309
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 | €718,463 | €700,448 | -€18,016 | -2.5% |
| Fixed assets | 21/28 | €422,622 | €399,003 | -€23,619 | -5.6% |
| Tangible fixed assets | 22/27 | €422,622 | €399,003 | -€23,619 | -5.6% |
| Land and buildings | 22 | €360,746 | €348,496 | -€12,250 | -3.4% |
| Furniture and vehicles | 24 | €46,375 | €35,007 | -€11,368 | -24.5% |
| Other tangible fixed assets | 26 | €15,500 | €15,500 | = | 0.0% |
| Current assets | 29/58 | €295,842 | €301,445 | +€5,603 | +1.9% |
| Amounts receivable within one year | 40/41 | €154,060 | €199,529 | +€45,469 | +29.5% |
| Trade receivables | 40 | €140,471 | €167,184 | +€26,713 | +19.0% |
| Other amounts receivable | 41 | €13,589 | €32,345 | +€18,756 | +138% |
| Cash at bank and in hand | 54/58 | €138,926 | €101,916 | -€37,010 | -26.6% |
| Deferred charges and accrued income | 490/1 | €2,856 | €0 | -€2,856 | -100% |
| Total equity and liabilities | 10/49 | €718,463 | €700,448 | -€18,016 | -2.5% |
| Equity | 10/15 | €322,283 | €332,228 | +€9,945 | +3.1% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €321,283 | €331,228 | +€9,945 | +3.1% |
| Distributable reserves | 133 | €321,283 | €331,228 | +€9,945 | +3.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €396,181 | €368,220 | -€27,961 | -7.1% |
| Amounts payable after more than one year | 17 | €357,986 | €329,959 | -€28,027 | -7.8% |
| Financial debts | 170/4 | €357,986 | €329,959 | -€28,027 | -7.8% |
| Amounts payable within one year | 42/48 | €38,195 | €38,261 | +€66 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €27,523 | €28,027 | +€504 | +1.8% |
| Trade debts | 44 | €7,468 | €2,823 | -€4,645 | -62.2% |
| Suppliers | 440/4 | €7,468 | €2,823 | -€4,645 | -62.2% |
| Taxes, remuneration and social security | 45 | €3,203 | €5,787 | +€2,583 | +80.6% |
| Taxes | 450/3 | €3,203 | €5,787 | +€2,583 | +80.6% |
| Other amounts payable | 47/48 | - | €1,625 | +€1,625 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,666 | €24,830 | +€3,164 | +14.6% |
| Other operating charges | 640/8 | €1,774 | €754 | -€1,020 | -57.5% |
| Gross operating margin | 9900 | €450,856 | €471,309 | +€20,453 | +4.5% |
| Operating profit (loss) | 9901 | €427,415 | €445,725 | +€18,309 | +4.3% |
| Financial income | 75/76B | €2,150 | €533 | -€1,618 | -75.2% |
| Recurring financial income | 75 | €2,150 | €533 | -€1,618 | -75.2% |
| Financial charges | 65/66B | €7,379 | €9,222 | +€1,843 | +25.0% |
| Recurring financial charges | 65 | €7,379 | €9,222 | +€1,843 | +25.0% |
| Profit (loss) for the period before taxes | 9903 | €422,186 | €437,035 | +€14,849 | +3.5% |
| Income taxes | 67/77 | €102,203 | €106,090 | +€3,887 | +3.8% |
| Profit (loss) for the period | 9904 | €319,983 | €330,945 | +€10,962 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €319,983 | €330,945 | +€10,962 | +3.4% |
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 22 October 2026 via checked.be.