Dr. Wim Van Dessel: 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 Van Dessel
Largest movements
- Deferred charges and accrued income +€71,408
up €71,408 (+6,711%), from €1,064 to €72,472
- Current investments +€60,772
up €60,772 (+39.1%), from €155,477 to €216,249
- Tangible fixed assets -€30,177
down €30,177 (-27.3%), from €110,454 to €80,277
of which Furniture and vehicles: -€27,319
- Cash -€14,083
down €14,083 (-6.0%), from €235,160 to €221,077
mainly Contributions, distributions and other (-€440,000) and Deferred charges and accrued income (-€71,408)
- Receivables within one year -€7,263
down €7,263 (-78.4%), from €9,263 to €2,000
of which Other amounts receivable: -€9,263
- Other debts +€173,943
up €173,943 (+4,970%), from €3,500 to €177,443
- Profit (loss) carried forward -€77,157
down €77,157 (-17.3%), from €444,890 to €367,732
- Current portion of long-term debt -€20,101
down €20,101 (-87.2%), from €23,045 to €2,945
- Tax, wage and social debts +€8,781
new in 2025: €8,781
- Gross operating margin -€31,988
down €31,988 (-5.8%), from €552,076 to €520,087
- Financial income -€22,457
down €22,457 (-92.4%), from €24,300 to €1,842
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 | €553,918 | €639,575 | +€85,657 | +15.5% |
| Fixed assets | 21/28 | €110,454 | €80,277 | -€30,177 | -27.3% |
| Tangible fixed assets | 22/27 | €110,454 | €80,277 | -€30,177 | -27.3% |
| Plant, machinery and equipment | 23 | €2,303 | €1,548 | -€756 | -32.8% |
| Furniture and vehicles | 24 | €99,744 | €72,425 | -€27,319 | -27.4% |
| Other tangible fixed assets | 26 | €8,406 | €6,305 | -€2,102 | -25.0% |
| Current assets | 29/58 | €443,465 | €559,298 | +€115,834 | +26.1% |
| Amounts receivable after more than one year | 29 | €42,500 | €47,500 | +€5,000 | +11.8% |
| Other amounts receivable | 291 | €42,500 | €47,500 | +€5,000 | +11.8% |
| Amounts receivable within one year | 40/41 | €9,263 | €2,000 | -€7,263 | -78.4% |
| Trade receivables | 40 | - | €2,000 | +€2,000 | |
| Other amounts receivable | 41 | €9,263 | - | -€9,263 | |
| Current investments | 50/53 | €155,477 | €216,249 | +€60,772 | +39.1% |
| Cash at bank and in hand | 54/58 | €235,160 | €221,077 | -€14,083 | -6.0% |
| Deferred charges and accrued income | 490/1 | €1,064 | €72,472 | +€71,408 | +6,711% |
| Total equity and liabilities | 10/49 | €553,918 | €639,575 | +€85,657 | +15.5% |
| Equity | 10/15 | €465,350 | €388,192 | -€77,157 | -16.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €444,890 | €367,732 | -€77,157 | -17.3% |
| Amounts payable | 17/49 | €88,569 | €251,383 | +€162,814 | +184% |
| Amounts payable after more than one year | 17 | €62,023 | €62,023 | = | 0.0% |
| Financial debts | 170/4 | €62,023 | €62,023 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,545 | €189,360 | +€162,814 | +613% |
| Current portion of amounts payable after more than one year | 42 | €23,045 | €2,945 | -€20,101 | -87.2% |
| Trade debts | 44 | - | €191 | +€191 | |
| Suppliers | 440/4 | - | €191 | +€191 | |
| Taxes, remuneration and social security | 45 | - | €8,781 | +€8,781 | |
| Taxes | 450/3 | - | €8,781 | +€8,781 | |
| Other amounts payable | 47/48 | €3,500 | €177,443 | +€173,943 | +4,970% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,659 | €30,177 | +€2,517 | +9.1% |
| Other operating charges | 640/8 | €1,321 | €1,353 | +€32 | +2.4% |
| Gross operating margin | 9900 | €552,076 | €520,087 | -€31,988 | -5.8% |
| Operating profit (loss) | 9901 | €523,095 | €488,558 | -€34,538 | -6.6% |
| Financial income | 75/76B | €24,300 | €1,842 | -€22,457 | -92.4% |
| Recurring financial income | 75 | €24,300 | €1,842 | -€22,457 | -92.4% |
| Financial charges | 65/66B | €3,357 | €3,777 | +€419 | +12.5% |
| Recurring financial charges | 65 | €3,357 | €3,777 | +€419 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €544,037 | €486,623 | -€57,414 | -10.6% |
| Income taxes | 67/77 | €127,590 | €123,781 | -€3,810 | -3.0% |
| Profit (loss) for the period | 9904 | €416,447 | €362,843 | -€53,605 | -12.9% |
| Profit (loss) for the period to be appropriated | 9905 | €416,447 | €362,843 | -€53,605 | -12.9% |
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 31 October 2026 via checked.be.