Dr. Wielandt Tim: 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. Wielandt Tim
Largest movements
- Cash -€50,610
down €50,610 (-14.8%), from €341,737 to €291,127
mainly Contributions, distributions and other (-€282,447) and Receivables within one year (-€14,609)
- Receivables within one year +€14,609
up €14,609 (+285%), from €5,129 to €19,738
of which Other amounts receivable: +€19,738
- Deferred charges and accrued income +€11,233
up €11,233 (+8.7%), from €129,328 to €140,562
- Tangible fixed assets -€6,154
down €6,154 (-26.1%), from €23,572 to €17,418
of which Furniture and vehicles: -€9,800
- Reserves -€32,213
down €32,213 (-7.4%), from €437,896 to €405,683
- Trade debts +€18,452
up €18,452 (+792%), from €2,330 to €20,782
- Debts after one year -€10,350
no longer reported in 2025 (was €10,350)
- Gross operating margin +€49,561
up €49,561 (+17.7%), from €280,044 to €329,605
- Taxes +€14,722
up €14,722 (+23.5%), from €62,683 to €77,405
- Financial income +€9,615
up €9,615 (+466%), from €2,063 to €11,678
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 | €499,766 | €468,845 | -€30,921 | -6.2% |
| Fixed assets | 21/28 | €23,572 | €17,418 | -€6,154 | -26.1% |
| Tangible fixed assets | 22/27 | €23,572 | €17,418 | -€6,154 | -26.1% |
| Plant, machinery and equipment | 23 | €3,112 | €6,759 | +€3,646 | +117% |
| Furniture and vehicles | 24 | €20,459 | €10,659 | -€9,800 | -47.9% |
| Current assets | 29/58 | €476,195 | €451,427 | -€24,768 | -5.2% |
| Amounts receivable within one year | 40/41 | €5,129 | €19,738 | +€14,609 | +285% |
| Trade receivables | 40 | €5,129 | - | -€5,129 | |
| Other amounts receivable | 41 | - | €19,738 | +€19,738 | |
| Cash at bank and in hand | 54/58 | €341,737 | €291,127 | -€50,610 | -14.8% |
| Deferred charges and accrued income | 490/1 | €129,328 | €140,562 | +€11,233 | +8.7% |
| Total equity and liabilities | 10/49 | €499,766 | €468,845 | -€30,921 | -6.2% |
| Equity | 10/15 | €440,396 | €408,183 | -€32,213 | -7.3% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €437,896 | €405,683 | -€32,213 | -7.4% |
| Distributable reserves | 133 | €437,896 | €405,683 | -€32,213 | -7.4% |
| Amounts payable | 17/49 | €59,370 | €60,662 | +€1,292 | +2.2% |
| Amounts payable after more than one year | 17 | €10,350 | - | -€10,350 | |
| Financial debts | 170/4 | €10,350 | - | -€10,350 | |
| Amounts payable within one year | 42/48 | €47,232 | €60,601 | +€13,369 | +28.3% |
| Current portion of amounts payable after more than one year | 42 | €10,172 | €10,350 | +€178 | +1.7% |
| Trade debts | 44 | €2,330 | €20,782 | +€18,452 | +792% |
| Suppliers | 440/4 | €2,330 | €20,782 | +€18,452 | +792% |
| Taxes, remuneration and social security | 45 | €564 | - | -€564 | |
| Taxes | 450/3 | €564 | - | -€564 | |
| Other amounts payable | 47/48 | €34,165 | €29,469 | -€4,697 | -13.7% |
| Accrued charges and deferred income | 492/3 | €1,788 | €61 | -€1,727 | -96.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,239 | €12,260 | +€1,020 | +9.1% |
| Other operating charges | 640/8 | €309 | €704 | +€395 | +128% |
| Gross operating margin | 9900 | €280,044 | €329,605 | +€49,561 | +17.7% |
| Operating profit (loss) | 9901 | €268,496 | €316,642 | +€48,146 | +17.9% |
| Financial income | 75/76B | €2,063 | €11,678 | +€9,615 | +466% |
| Recurring financial income | 75 | €2,063 | €11,678 | +€9,615 | +466% |
| Financial charges | 65/66B | €2,402 | €680 | -€1,721 | -71.7% |
| Recurring financial charges | 65 | €2,402 | €680 | -€1,721 | -71.7% |
| Profit (loss) for the period before taxes | 9903 | €268,158 | €327,639 | +€59,482 | +22.2% |
| Income taxes | 67/77 | €62,683 | €77,405 | +€14,722 | +23.5% |
| Profit (loss) for the period | 9904 | €205,475 | €250,234 | +€44,759 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €205,475 | €250,234 | +€44,759 | +21.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 October 2026 via checked.be.