Dr. WILLY STAESSEN: 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. WILLY STAESSEN
Largest movements
- Current investments +€115,000
up €115,000 (+30.7%), from €375,000 to €490,000
- Tangible fixed assets -€9,327
down €9,327 (-81.7%), from €11,411 to €2,084
of which Furniture and vehicles: -€6,393
- Reserves +€99,085
up €99,085 (+24.2%), from €410,063 to €509,148
- Tax, wage and social debts +€9,183
up €9,183 (+53.2%), from €17,267 to €26,450
- Depreciation -€18,567
down €18,567 (-68.3%), from €27,200 to €8,633
- Gross operating margin -€12,117
down €12,117 (-7.5%), from €160,748 to €148,631
- Taxes +€2,538
up €2,538 (+5.7%), from €44,351 to €46,888
- Financial income +€2,071
up €2,071 (+29.8%), from €6,946 to €9,017
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 | €437,762 | €545,019 | +€107,257 | +24.5% |
| Fixed assets | 21/28 | €13,248 | €2,084 | -€11,164 | -84.3% |
| Intangible fixed assets | 21 | €1,837 | - | -€1,837 | |
| Tangible fixed assets | 22/27 | €11,411 | €2,084 | -€9,327 | -81.7% |
| Plant, machinery and equipment | 23 | €2,934 | - | -€2,934 | |
| Furniture and vehicles | 24 | €8,477 | €2,084 | -€6,393 | -75.4% |
| Current assets | 29/58 | €424,514 | €542,935 | +€118,421 | +27.9% |
| Amounts receivable within one year | 40/41 | €207 | €2,317 | +€2,110 | +1,020% |
| Trade receivables | 40 | €207 | - | -€207 | |
| Other amounts receivable | 41 | - | €2,317 | +€2,317 | |
| Current investments | 50/53 | €375,000 | €490,000 | +€115,000 | +30.7% |
| Cash at bank and in hand | 54/58 | €28,228 | €31,479 | +€3,251 | +11.5% |
| Deferred charges and accrued income | 490/1 | €21,079 | €19,139 | -€1,940 | -9.2% |
| Total equity and liabilities | 10/49 | €437,762 | €545,019 | +€107,257 | +24.5% |
| Equity | 10/15 | €412,063 | €511,148 | +€99,085 | +24.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €410,063 | €509,148 | +€99,085 | +24.2% |
| Distributable reserves | 133 | €410,063 | €509,148 | +€99,085 | +24.2% |
| Amounts payable | 17/49 | €25,699 | €33,872 | +€8,173 | +31.8% |
| Amounts payable within one year | 42/48 | €20,790 | €29,917 | +€9,127 | +43.9% |
| Trade debts | 44 | €174 | €1,801 | +€1,628 | +938% |
| Suppliers | 440/4 | €174 | €1,801 | +€1,628 | +938% |
| Taxes, remuneration and social security | 45 | €17,267 | €26,450 | +€9,183 | +53.2% |
| Taxes | 450/3 | €17,267 | €26,450 | +€9,183 | +53.2% |
| Other amounts payable | 47/48 | €3,350 | €1,666 | -€1,684 | -50.3% |
| Accrued charges and deferred income | 492/3 | €4,909 | €3,954 | -€954 | -19.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,200 | €8,633 | -€18,567 | -68.3% |
| Other operating charges | 640/8 | €654 | €673 | +€19 | +2.9% |
| Gross operating margin | 9900 | €160,748 | €148,631 | -€12,117 | -7.5% |
| Operating profit (loss) | 9901 | €132,894 | €139,324 | +€6,431 | +4.8% |
| Financial income | 75/76B | €6,946 | €9,017 | +€2,071 | +29.8% |
| Recurring financial income | 75 | €6,946 | €9,017 | +€2,071 | +29.8% |
| Financial charges | 65/66B | €171 | €703 | +€532 | +312% |
| Recurring financial charges | 65 | €171 | €172 | +€1 | +0.5% |
| Non-recurring financial charges | 66B | - | €531 | +€531 | |
| Profit (loss) for the period before taxes | 9903 | €139,669 | €147,639 | +€7,970 | +5.7% |
| Income taxes | 67/77 | €44,351 | €46,888 | +€2,538 | +5.7% |
| Profit (loss) for the period | 9904 | €95,319 | €100,751 | +€5,432 | +5.7% |
| Profit (loss) for the period to be appropriated | 9905 | €95,319 | €100,751 | +€5,432 | +5.7% |
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.