DR VANWAMBEKE KATRIEN: 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 VANWAMBEKE KATRIEN
Largest movements
- Receivables after one year -€230,000
no longer reported in 2026 (was €230,000)
- Cash +€85,211
up €85,211 (+17.7%), from €481,417 to €566,628
mainly Net result for the year (+€336,887) and Receivables after one year (+€230,000)
- Receivables within one year +€50,000
new in 2026: €50,000
- Tangible fixed assets +€24,880
up €24,880 (+37.1%), from €67,059 to €91,939
of which Furniture and vehicles: +€20,623
- Reserves -€114,613
down €114,613 (-8.0%), from €1.4m to €1.3m
of which Non-distributable reserves: -€114,613
- Other debts +€34,896
up €34,896 (+537%), from €6,498 to €41,394
- Gross operating margin +€58,157
up €58,157 (+13.2%), from €441,624 to €499,781
- Taxes +€17,817
up €17,817 (+13.2%), from €135,456 to €153,272
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,473,229 | €1,403,281 | -€69,947 | -4.7% |
| Fixed assets | 21/28 | €67,809 | €92,689 | +€24,880 | +36.7% |
| Tangible fixed assets | 22/27 | €67,059 | €91,939 | +€24,880 | +37.1% |
| Land and buildings | 22 | €11,964 | €11,439 | -€525 | -4.4% |
| Plant, machinery and equipment | 23 | €1,959 | €3,548 | +€1,590 | +81.2% |
| Furniture and vehicles | 24 | €52,752 | €73,375 | +€20,623 | +39.1% |
| Other tangible fixed assets | 26 | €384 | €3,577 | +€3,192 | +831% |
| Financial fixed assets | 28 | €750 | €750 | = | 0.0% |
| Current assets | 29/58 | €1,405,420 | €1,310,593 | -€94,827 | -6.7% |
| Amounts receivable after more than one year | 29 | €230,000 | - | -€230,000 | |
| Trade receivables | 290 | €230,000 | - | -€230,000 | |
| Amounts receivable within one year | 40/41 | - | €50,000 | +€50,000 | |
| Other amounts receivable | 41 | - | €50,000 | +€50,000 | |
| Current investments | 50/53 | €691,166 | €691,166 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €481,417 | €566,628 | +€85,211 | +17.7% |
| Deferred charges and accrued income | 490/1 | €2,837 | €2,799 | -€39 | -1.4% |
| Total equity and liabilities | 10/49 | €1,473,229 | €1,403,281 | -€69,947 | -4.7% |
| Equity | 10/15 | €1,452,001 | €1,337,388 | -€114,613 | -7.9% |
| Contributions | 10/11 | €12,450 | €12,450 | = | 0.0% |
| Reserves | 13 | €1,439,551 | €1,324,938 | -€114,613 | -8.0% |
| Non-distributable reserves | 130/1 | €1,208,537 | €1,093,925 | -€114,613 | -9.5% |
| Other | 1319 | €1,208,537 | €1,093,925 | -€114,613 | -9.5% |
| Distributable reserves | 133 | €231,013 | €231,013 | = | 0.0% |
| Amounts payable | 17/49 | €21,228 | €65,893 | +€44,665 | +210% |
| Amounts payable within one year | 42/48 | €21,228 | €65,893 | +€44,665 | +210% |
| Trade debts | 44 | €14,227 | €11,233 | -€2,993 | -21.0% |
| Suppliers | 440/4 | €14,227 | €11,233 | -€2,993 | -21.0% |
| Taxes, remuneration and social security | 45 | €504 | €13,266 | +€12,763 | +2,534% |
| Taxes | 450/3 | €504 | €13,266 | +€12,763 | +2,534% |
| Other amounts payable | 47/48 | €6,498 | €41,394 | +€34,896 | +537% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,906 | €4,344 | +€438 | +11.2% |
| Other operating charges | 640/8 | €6,458 | €5,221 | -€1,236 | -19.1% |
| Gross operating margin | 9900 | €441,624 | €499,781 | +€58,157 | +13.2% |
| Operating profit (loss) | 9901 | €431,261 | €490,216 | +€58,955 | +13.7% |
| Financial income | 75/76B | €2,770 | €20 | -€2,750 | -99.3% |
| Recurring financial income | 75 | €2,770 | €20 | -€2,750 | -99.3% |
| Financial charges | 65/66B | €38 | €76 | +€38 | +102% |
| Recurring financial charges | 65 | €38 | €76 | +€38 | +102% |
| Profit (loss) for the period before taxes | 9903 | €433,993 | €490,160 | +€56,167 | +12.9% |
| Income taxes | 67/77 | €135,456 | €153,272 | +€17,817 | +13.2% |
| Profit (loss) for the period | 9904 | €298,537 | €336,887 | +€38,350 | +12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €298,537 | €336,887 | +€38,350 | +12.8% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.