Dr Willem Dewilde: what changed
Dr Willem Dewilde
Largest movements
- Cash +€118,429
up €118,429 (+597%), from €19,823 to €138,252
mainly Net result for the year (+€314,544) and Other debts (+€111,281)
- Receivables after one year +€71,322
up €71,322 (+2,784%), from €2,562 to €73,884
- Tangible fixed assets -€58,614
down €58,614 (-5.5%), from €1.1m to €1.0m
of which Land and buildings: -€39,656
- Receivables within one year -€19,734
down €19,734 (-81.8%), from €24,129 to €4,395
- Reserves +€196,897
up €196,897 (+9,798%), from €2,010 to €198,906
of which Distributable reserves: +€196,897
- Other debts +€111,281
up €111,281 (+71.7%), from €155,144 to €266,424
- Debts after one year -€77,028
down €77,028 (-10.9%), from €709,335 to €632,307
- Current portion of long-term debt -€65,168
down €65,168 (-39.7%), from €164,066 to €98,898
- Short-term financial debts -€50,000
down €50,000 (-100%), from €50,000 to €0
- Gross operating margin +€186,762
up €186,762 (+57.7%), from €323,843 to €510,605
- Depreciation -€64,023
down €64,023 (-50.2%), from €127,494 to €63,470
- Taxes +€63,752
up €63,752 (+156%), from €40,871 to €104,623
- Other operating charges -€5,596
down €5,596 (-60.3%), from €9,280 to €3,684
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,124,063 | €1,234,386 | +€110,323 | +9.8% |
| Fixed assets | 21/28 | €1,070,238 | €1,011,624 | -€58,614 | -5.5% |
| Tangible fixed assets | 22/27 | €1,059,238 | €1,000,624 | -€58,614 | -5.5% |
| Land and buildings | 22 | €1,017,559 | €977,903 | -€39,656 | -3.9% |
| Plant, machinery and equipment | 23 | €4,990 | €4,990 | = | 0.0% |
| Furniture and vehicles | 24 | €36,689 | €17,731 | -€18,958 | -51.7% |
| Financial fixed assets | 28 | €11,000 | €11,000 | = | 0.0% |
| Current assets | 29/58 | €53,824 | €222,762 | +€168,937 | +314% |
| Amounts receivable after more than one year | 29 | €2,562 | €73,884 | +€71,322 | +2,784% |
| Other amounts receivable | 291 | €2,562 | €73,884 | +€71,322 | +2,784% |
| Amounts receivable within one year | 40/41 | €24,129 | €4,395 | -€19,734 | -81.8% |
| Other amounts receivable | 41 | €24,129 | €4,395 | -€19,734 | -81.8% |
| Cash at bank and in hand | 54/58 | €19,823 | €138,252 | +€118,429 | +597% |
| Deferred charges and accrued income | 490/1 | €7,310 | €6,230 | -€1,080 | -14.8% |
| Total equity and liabilities | 10/49 | €1,124,063 | €1,234,386 | +€110,323 | +9.8% |
| Equity | 10/15 | €20,610 | €217,506 | +€196,897 | +955% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,010 | €198,906 | +€196,897 | +9,798% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,010 | €198,906 | +€196,897 | +9,798% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €1,103,453 | €1,016,880 | -€86,574 | -7.8% |
| Amounts payable after more than one year | 17 | €709,335 | €632,307 | -€77,028 | -10.9% |
| Financial debts | 170/4 | €709,335 | €632,307 | -€77,028 | -10.9% |
| Amounts payable within one year | 42/48 | €394,118 | €384,573 | -€9,545 | -2.4% |
| Current portion of amounts payable after more than one year | 42 | €164,066 | €98,898 | -€65,168 | -39.7% |
| Financial debts | 43 | €50,000 | €0 | -€50,000 | -100% |
| Credit institutions | 430/8 | €50,000 | €0 | -€50,000 | -100% |
| Trade debts | 44 | €6,084 | €18,813 | +€12,729 | +209% |
| Suppliers | 440/4 | €6,084 | €18,813 | +€12,729 | +209% |
| Taxes, remuneration and social security | 45 | €18,825 | €438 | -€18,387 | -97.7% |
| Taxes | 450/3 | €18,825 | €438 | -€18,387 | -97.7% |
| Other amounts payable | 47/48 | €155,144 | €266,424 | +€111,281 | +71.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €127,494 | €63,470 | -€64,023 | -50.2% |
| Other operating charges | 640/8 | €9,280 | €3,684 | -€5,596 | -60.3% |
| Gross operating margin | 9900 | €323,843 | €510,605 | +€186,762 | +57.7% |
| Operating profit (loss) | 9901 | €187,070 | €443,451 | +€256,381 | +137% |
| Financial income | 75/76B | €4,268 | €1,259 | -€3,008 | -70.5% |
| Recurring financial income | 75 | €4,268 | €1,259 | -€3,008 | -70.5% |
| Financial charges | 65/66B | €24,970 | €25,544 | +€573 | +2.3% |
| Recurring financial charges | 65 | €24,970 | €25,544 | +€573 | +2.3% |
| Profit (loss) for the period before taxes | 9903 | €166,368 | €419,167 | +€252,799 | +152% |
| Income taxes | 67/77 | €40,871 | €104,623 | +€63,752 | +156% |
| Profit (loss) for the period | 9904 | €125,497 | €314,544 | +€189,047 | +151% |
| Profit (loss) for the period to be appropriated | 9905 | €125,497 | €314,544 | +€189,047 | +151% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.