Dr. Vandewege H.: what changed
Dr. Vandewege H.
Largest movements
- Current investments +€247,949
up €247,949 (+248%), from €100,000 to €347,949
- Cash -€247,269
down €247,269 (-68.4%), from €361,620 to €114,352
mainly Current investments (-€247,949) and Contributions, distributions and other (-€53,649)
- Reserves +€16,215
up €16,215 (+3.7%), from €444,088 to €460,303
- Other debts -€10,045
down €10,045 (-14.7%), from €68,202 to €58,157
- Gross operating margin -€38,764
down €38,764 (-28.4%), from €136,284 to €97,520
- Taxes -€10,114
down €10,114 (-26.5%), from €38,152 to €28,038
- Financial income +€3,457
up €3,457 (+202%), from €1,709 to €5,166
- Financial charges +€3,282
up €3,282 (+3,510%), from €94 to €3,375
- Other operating charges -€3,079
down €3,079 (-68.6%), from €4,488 to €1,409
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €538,947 | €540,067 | +€1,120 | +0.2% |
| Current assets | 29/58 | €538,947 | €540,067 | +€1,120 | +0.2% |
| Amounts receivable within one year | 40/41 | €14,887 | €13,816 | -€1,070 | -7.2% |
| Trade receivables | 40 | €2,500 | - | -€2,500 | |
| Other amounts receivable | 41 | €12,387 | €13,816 | +€1,430 | +11.5% |
| Current investments | 50/53 | €100,000 | €347,949 | +€247,949 | +248% |
| Cash at bank and in hand | 54/58 | €361,620 | €114,352 | -€247,269 | -68.4% |
| Deferred charges and accrued income | 490/1 | €62,440 | €63,950 | +€1,510 | +2.4% |
| Total equity and liabilities | 10/49 | €538,947 | €540,067 | +€1,120 | +0.2% |
| Equity | 10/15 | €456,588 | €472,803 | +€16,215 | +3.6% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €444,088 | €460,303 | +€16,215 | +3.7% |
| Distributable reserves | 133 | €444,088 | €460,303 | +€16,215 | +3.7% |
| Amounts payable | 17/49 | €82,359 | €67,264 | -€15,095 | -18.3% |
| Amounts payable within one year | 42/48 | €82,359 | €67,264 | -€15,095 | -18.3% |
| Trade debts | 44 | €3,716 | €627 | -€3,089 | -83.1% |
| Suppliers | 440/4 | €3,716 | €627 | -€3,089 | -83.1% |
| Taxes, remuneration and social security | 45 | €10,441 | €8,480 | -€1,961 | -18.8% |
| Taxes | 450/3 | €10,441 | €8,480 | -€1,961 | -18.8% |
| Other amounts payable | 47/48 | €68,202 | €58,157 | -€10,045 | -14.7% |
| Non-recurring operating income | 76A | - | €1,438 | +€1,438 | |
| Other operating charges | 640/8 | €4,488 | €1,409 | -€3,079 | -68.6% |
| Gross operating margin | 9900 | €136,284 | €97,520 | -€38,764 | -28.4% |
| Operating profit (loss) | 9901 | €131,796 | €96,111 | -€35,685 | -27.1% |
| Financial income | 75/76B | €1,709 | €5,166 | +€3,457 | +202% |
| Recurring financial income | 75 | €1,709 | €5,166 | +€3,457 | +202% |
| Financial charges | 65/66B | €94 | €3,375 | +€3,282 | +3,510% |
| Recurring financial charges | 65 | €94 | €3,375 | +€3,282 | +3,510% |
| Profit (loss) for the period before taxes | 9903 | €133,412 | €97,902 | -€35,510 | -26.6% |
| Income taxes | 67/77 | €38,152 | €28,038 | -€10,114 | -26.5% |
| Profit (loss) for the period | 9904 | €95,260 | €69,864 | -€25,396 | -26.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,260 | €69,864 | -€25,396 | -26.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.