Dr. Wesley Vidts: 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. Wesley Vidts
Largest movements
- Cash +€27,587
up €27,587 (+23.1%), from €119,577 to €147,164
mainly Net result for the year (+€84,305) and Depreciation (+€13,519)
- Receivables within one year +€21,084
new in 2025: €21,084
- Tangible fixed assets -€8,689
down €8,689 (-2.6%), from €329,181 to €320,492
of which Land and buildings: -€8,467
- Reserves +€64,305
up €64,305 (+21.1%), from €304,842 to €369,147
- Debts after one year -€24,190
down €24,190 (-21.5%), from €112,672 to €88,482
- Tax, wage and social debts +€11,735
up €11,735 (+173%), from €6,790 to €18,525
- Trade debts -€8,255
down €8,255 (-76.3%), from €10,820 to €2,565
- Gross operating margin +€13,689
up €13,689 (+11.2%), from €122,064 to €135,753
- Taxes +€3,181
up €3,181 (+10.0%), from €31,843 to €35,025
- Financial income +€1,605
up €1,605 (+116%), from €1,382 to €2,986
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 | €472,336 | €515,309 | +€42,972 | +9.1% |
| Fixed assets | 21/28 | €329,181 | €320,492 | -€8,689 | -2.6% |
| Tangible fixed assets | 22/27 | €329,181 | €320,492 | -€8,689 | -2.6% |
| Land and buildings | 22 | €315,553 | €307,086 | -€8,467 | -2.7% |
| Plant, machinery and equipment | 23 | €1,872 | €2,999 | +€1,128 | +60.2% |
| Furniture and vehicles | 24 | €1,828 | €1,211 | -€617 | -33.8% |
| Other tangible fixed assets | 26 | €9,928 | €9,196 | -€733 | -7.4% |
| Current assets | 29/58 | €143,155 | €194,817 | +€51,661 | +36.1% |
| Amounts receivable within one year | 40/41 | - | €21,084 | +€21,084 | |
| Other amounts receivable | 41 | - | €21,084 | +€21,084 | |
| Current investments | 50/53 | €19,511 | €19,511 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €119,577 | €147,164 | +€27,587 | +23.1% |
| Deferred charges and accrued income | 490/1 | €4,067 | €7,058 | +€2,990 | +73.5% |
| Total equity and liabilities | 10/49 | €472,336 | €515,309 | +€42,972 | +9.1% |
| Equity | 10/15 | €317,242 | €381,547 | +€64,305 | +20.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €304,842 | €369,147 | +€64,305 | +21.1% |
| Distributable reserves | 133 | €304,842 | €369,147 | +€64,305 | +21.1% |
| Amounts payable | 17/49 | €155,094 | €133,762 | -€21,333 | -13.8% |
| Amounts payable after more than one year | 17 | €112,672 | €88,482 | -€24,190 | -21.5% |
| Financial debts | 170/4 | €112,672 | €88,482 | -€24,190 | -21.5% |
| Amounts payable within one year | 42/48 | €42,422 | €45,279 | +€2,857 | +6.7% |
| Current portion of amounts payable after more than one year | 42 | €23,974 | €24,190 | +€216 | +0.9% |
| Trade debts | 44 | €10,820 | €2,565 | -€8,255 | -76.3% |
| Suppliers | 440/4 | €10,820 | €2,565 | -€8,255 | -76.3% |
| Taxes, remuneration and social security | 45 | €6,790 | €18,525 | +€11,735 | +173% |
| Taxes | 450/3 | €6,790 | €18,525 | +€11,735 | +173% |
| Other amounts payable | 47/48 | €838 | - | -€838 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,449 | €13,519 | +€1,070 | +8.6% |
| Other operating charges | 640/8 | €602 | €780 | +€178 | +29.6% |
| Non-recurring operating charges | 66A | - | €3,100 | +€3,100 | |
| Gross operating margin | 9900 | €122,064 | €135,753 | +€13,689 | +11.2% |
| Operating profit (loss) | 9901 | €109,013 | €118,354 | +€9,341 | +8.6% |
| Financial income | 75/76B | €1,382 | €2,986 | +€1,605 | +116% |
| Recurring financial income | 75 | €1,382 | €2,986 | +€1,605 | +116% |
| Financial charges | 65/66B | €2,201 | €2,010 | -€190 | -8.6% |
| Recurring financial charges | 65 | €2,201 | €2,010 | -€190 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €108,194 | €119,330 | +€11,136 | +10.3% |
| Income taxes | 67/77 | €31,843 | €35,025 | +€3,181 | +10.0% |
| Profit (loss) for the period | 9904 | €76,351 | €84,305 | +€7,954 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | €76,351 | €84,305 | +€7,954 | +10.4% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.