DR WIJGAERTS: 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 WIJGAERTS
Largest movements
- Cash +€121,741
up €121,741 (+89.3%), from €136,294 to €258,035
mainly Net result for the year (+€107,674) and Depreciation (+€25,623)
- Tangible fixed assets -€25,623
down €25,623 (-25.2%), from €101,783 to €76,160
of which Furniture and vehicles: -€16,724
- Receivables within one year +€23,489
up €23,489 (+19.8%), from €118,533 to €142,022
- Reserves +€107,674
up €107,674 (+36.0%), from €299,045 to €406,718
of which Distributable reserves: +€107,674
- Tax, wage and social debts +€14,806
up €14,806, from €0 to €14,806
- Gross operating margin +€48,225
up €48,225 (+35.3%), from €136,728 to €184,953
- Taxes +€27,067
up €27,067 (+97.6%), from €27,739 to €54,806
- Financial income -€2,385
down €2,385 (-27.3%), from €8,750 to €6,364
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 | €359,446 | €479,538 | +€120,093 | +33.4% |
| Fixed assets | 21/28 | €101,783 | €76,160 | -€25,623 | -25.2% |
| Tangible fixed assets | 22/27 | €101,783 | €76,160 | -€25,623 | -25.2% |
| Land and buildings | 22 | €46,992 | €40,041 | -€6,951 | -14.8% |
| Plant, machinery and equipment | 23 | €7,509 | €5,561 | -€1,947 | -25.9% |
| Furniture and vehicles | 24 | €47,282 | €30,558 | -€16,724 | -35.4% |
| Current assets | 29/58 | €257,662 | €403,378 | +€145,715 | +56.6% |
| Amounts receivable within one year | 40/41 | €118,533 | €142,022 | +€23,489 | +19.8% |
| Other amounts receivable | 41 | €118,533 | €142,022 | +€23,489 | +19.8% |
| Cash at bank and in hand | 54/58 | €136,294 | €258,035 | +€121,741 | +89.3% |
| Deferred charges and accrued income | 490/1 | €2,836 | €3,321 | +€485 | +17.1% |
| Total equity and liabilities | 10/49 | €359,446 | €479,538 | +€120,093 | +33.4% |
| Equity | 10/15 | €355,245 | €462,918 | +€107,674 | +30.3% |
| Contributions | 10/11 | €56,200 | €56,200 | = | 0.0% |
| Reserves | 13 | €299,045 | €406,718 | +€107,674 | +36.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €299,045 | €406,718 | +€107,674 | +36.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,201 | €16,620 | +€12,419 | +296% |
| Amounts payable within one year | 42/48 | €4,201 | €16,620 | +€12,419 | +296% |
| Trade debts | 44 | €4,201 | €1,814 | -€2,387 | -56.8% |
| Suppliers | 440/4 | €4,201 | €1,814 | -€2,387 | -56.8% |
| Taxes, remuneration and social security | 45 | €0 | €14,806 | +€14,806 | |
| Taxes | 450/3 | €0 | €14,806 | +€14,806 | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,574 | €25,623 | -€951 | -3.6% |
| Other operating charges | 640/8 | €3,171 | €3,109 | -€62 | -2.0% |
| Gross operating margin | 9900 | €136,728 | €184,953 | +€48,225 | +35.3% |
| Operating profit (loss) | 9901 | €106,983 | €156,222 | +€49,238 | +46.0% |
| Financial income | 75/76B | €8,750 | €6,364 | -€2,385 | -27.3% |
| Recurring financial income | 75 | €8,750 | €6,364 | -€2,385 | -27.3% |
| Financial charges | 65/66B | €0 | €107 | +€107 | |
| Recurring financial charges | 65 | €0 | €107 | +€107 | |
| Profit (loss) for the period before taxes | 9903 | €115,733 | €162,479 | +€46,746 | +40.4% |
| Income taxes | 67/77 | €27,739 | €54,806 | +€27,067 | +97.6% |
| Profit (loss) for the period | 9904 | €87,994 | €107,674 | +€19,680 | +22.4% |
| Profit (loss) for the period to be appropriated | 9905 | €87,994 | €107,674 | +€19,680 | +22.4% |
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.