Dr. WERBROUCK Patrick: 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. WERBROUCK Patrick
Largest movements
- Current investments +€208,726
up €208,726 (+23.9%), from €874,125 to €1.1m
- Reserves +€218,613
up €218,613 (+20.0%), from €1.1m to €1.3m
- Tax, wage and social debts -€39,195
down €39,195 (-67.8%), from €57,842 to €18,647
- Financial income -€94,852
down €94,852 (-89.0%), from €106,560 to €11,707
- Taxes -€32,490
down €32,490 (-24.3%), from €133,813 to €101,323
- Gross operating margin -€26,499
down €26,499 (-7.5%), from €352,944 to €326,445
- Depreciation +€12,081
up €12,081 (+310%), from €3,903 to €15,984
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 | €1,178,441 | €1,363,245 | +€184,804 | +15.7% |
| Fixed assets | 21/28 | €72,747 | €60,654 | -€12,093 | -16.6% |
| Tangible fixed assets | 22/27 | €72,747 | €60,654 | -€12,093 | -16.6% |
| Plant, machinery and equipment | 23 | €3,718 | €3,237 | -€481 | -12.9% |
| Furniture and vehicles | 24 | €69,029 | €57,417 | -€11,612 | -16.8% |
| Current assets | 29/58 | €1,105,694 | €1,302,591 | +€196,898 | +17.8% |
| Current investments | 50/53 | €874,125 | €1,082,851 | +€208,726 | +23.9% |
| Cash at bank and in hand | 54/58 | €23,687 | €20,845 | -€2,842 | -12.0% |
| Deferred charges and accrued income | 490/1 | €207,882 | €198,896 | -€8,986 | -4.3% |
| Total equity and liabilities | 10/49 | €1,178,441 | €1,363,245 | +€184,804 | +15.7% |
| Equity | 10/15 | €1,111,275 | €1,329,888 | +€218,613 | +19.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,092,675 | €1,311,288 | +€218,613 | +20.0% |
| Distributable reserves | 133 | €1,092,675 | €1,311,288 | +€218,613 | +20.0% |
| Amounts payable | 17/49 | €67,166 | €33,357 | -€33,809 | -50.3% |
| Amounts payable within one year | 42/48 | €66,223 | €32,455 | -€33,769 | -51.0% |
| Trade debts | 44 | - | €365 | +€365 | |
| Suppliers | 440/4 | - | €365 | +€365 | |
| Taxes, remuneration and social security | 45 | €57,842 | €18,647 | -€39,195 | -67.8% |
| Taxes | 450/3 | €57,842 | €18,647 | -€39,195 | -67.8% |
| Other amounts payable | 47/48 | €8,381 | €13,443 | +€5,061 | +60.4% |
| Accrued charges and deferred income | 492/3 | €942 | €903 | -€40 | -4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,903 | €15,984 | +€12,081 | +310% |
| Other operating charges | 640/8 | €853 | €1,126 | +€273 | +32.0% |
| Gross operating margin | 9900 | €352,944 | €326,445 | -€26,499 | -7.5% |
| Operating profit (loss) | 9901 | €348,187 | €309,334 | -€38,854 | -11.2% |
| Financial income | 75/76B | €106,560 | €11,707 | -€94,852 | -89.0% |
| Recurring financial income | 75 | €106,560 | €11,707 | -€94,852 | -89.0% |
| Financial charges | 65/66B | €345 | €273 | -€72 | -21.0% |
| Recurring financial charges | 65 | €345 | €273 | -€72 | -21.0% |
| Profit (loss) for the period before taxes | 9903 | €454,402 | €320,769 | -€133,633 | -29.4% |
| Income taxes | 67/77 | €133,813 | €101,323 | -€32,490 | -24.3% |
| Profit (loss) for the period | 9904 | €320,589 | €219,446 | -€101,143 | -31.5% |
| Profit (loss) for the period to be appropriated | 9905 | €320,589 | €219,446 | -€101,143 | -31.5% |
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.