DR. WIM DE BACKER: 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. WIM DE BACKER
Largest movements
- Cash -€41,208
down €41,208 (-31.1%), from €132,639 to €91,431
mainly Contributions, distributions and other (-€117,974) and Receivables within one year (-€5,534)
- Current investments -€18,075
down €18,075 (-10.8%), from €167,749 to €149,674
- Tangible fixed assets -€5,919
down €5,919 (-30.7%), from €19,277 to €13,358
of which Land and buildings: -€3,927
- Receivables within one year +€5,534
up €5,534 (+70.5%), from €7,852 to €13,386
of which Other amounts receivable: +€6,433
- Reserves -€60,317
down €60,317 (-19.6%), from €307,799 to €247,482
of which Distributable reserves: -€60,317
- Trade debts +€3,757
up €3,757 (+1,689%), from €223 to €3,980
- Other debts -€3,627
no longer reported in 2025 (was €3,627)
- Gross operating margin -€19,552
down €19,552 (-17.8%), from €109,997 to €90,445
- Staff costs -€6,838
no longer reported in 2025 (was €6,838)
- Taxes -€4,286
down €4,286 (-13.4%), from €31,923 to €27,637
- Financial income -€1,514
down €1,514 (-32.5%), from €4,665 to €3,150
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 | €330,856 | €270,646 | -€60,210 | -18.2% |
| Fixed assets | 21/28 | €19,277 | €13,358 | -€5,919 | -30.7% |
| Tangible fixed assets | 22/27 | €19,277 | €13,358 | -€5,919 | -30.7% |
| Land and buildings | 22 | €15,108 | €11,181 | -€3,927 | -26.0% |
| Plant, machinery and equipment | 23 | €458 | - | -€458 | |
| Furniture and vehicles | 24 | €3,712 | €2,178 | -€1,534 | -41.3% |
| Current assets | 29/58 | €311,579 | €257,288 | -€54,291 | -17.4% |
| Amounts receivable within one year | 40/41 | €7,852 | €13,386 | +€5,534 | +70.5% |
| Trade receivables | 40 | €1,447 | €548 | -€899 | -62.1% |
| Other amounts receivable | 41 | €6,405 | €12,838 | +€6,433 | +100% |
| Current investments | 50/53 | €167,749 | €149,674 | -€18,075 | -10.8% |
| Cash at bank and in hand | 54/58 | €132,639 | €91,431 | -€41,208 | -31.1% |
| Deferred charges and accrued income | 490/1 | €3,339 | €2,797 | -€542 | -16.2% |
| Total equity and liabilities | 10/49 | €330,856 | €270,646 | -€60,210 | -18.2% |
| Equity | 10/15 | €326,399 | €266,082 | -€60,317 | -18.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €307,799 | €247,482 | -€60,317 | -19.6% |
| Tax-exempt reserves | 132 | €2,176 | €2,176 | = | 0.0% |
| Distributable reserves | 133 | €305,623 | €245,307 | -€60,317 | -19.7% |
| Amounts payable | 17/49 | €4,457 | €4,564 | +€107 | +2.4% |
| Amounts payable within one year | 42/48 | €4,373 | €4,503 | +€130 | +3.0% |
| Trade debts | 44 | €223 | €3,980 | +€3,757 | +1,689% |
| Suppliers | 440/4 | €223 | €3,980 | +€3,757 | +1,689% |
| Taxes, remuneration and social security | 45 | €523 | €523 | = | 0.0% |
| Taxes | 450/3 | €523 | €523 | = | 0.0% |
| Other amounts payable | 47/48 | €3,627 | - | -€3,627 | |
| Accrued charges and deferred income | 492/3 | €84 | €61 | -€23 | -27.7% |
| Remuneration, social security and pensions | 62 | €6,838 | - | -€6,838 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,759 | €5,919 | -€840 | -12.4% |
| Other operating charges | 640/8 | €890 | €1,279 | +€389 | +43.6% |
| Gross operating margin | 9900 | €109,997 | €90,445 | -€19,552 | -17.8% |
| Operating profit (loss) | 9901 | €95,510 | €83,247 | -€12,263 | -12.8% |
| Financial income | 75/76B | €4,665 | €3,150 | -€1,514 | -32.5% |
| Recurring financial income | 75 | €4,665 | €3,150 | -€1,514 | -32.5% |
| Financial charges | 65/66B | €1,651 | €1,103 | -€548 | -33.2% |
| Recurring financial charges | 65 | €1,651 | €1,103 | -€548 | -33.2% |
| Profit (loss) for the period before taxes | 9903 | €98,524 | €85,294 | -€13,230 | -13.4% |
| Income taxes | 67/77 | €31,923 | €27,637 | -€4,286 | -13.4% |
| Profit (loss) for the period | 9904 | €66,601 | €57,657 | -€8,944 | -13.4% |
| Profit (loss) for the period to be appropriated | 9905 | €66,601 | €57,657 | -€8,944 | -13.4% |
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 28 October 2026 via checked.be.