DR. WIM VAN LEEMPUT: 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 LEEMPUT
Largest movements
- Cash -€59,758
down €59,758 (-25.1%), from €237,874 to €178,115
mainly Other debts (-€255,703) and Receivables within one year (-€36,584)
- Tangible fixed assets -€45,830
down €45,830 (-45.4%), from €100,963 to €55,133
of which Other tangible fixed assets: -€25,456
- Receivables within one year +€36,584
up €36,584 (+33.2%), from €110,115 to €146,699
of which Other amounts receivable: +€143,249
- Current investments +€18,831
up €18,831 (+12.6%), from €149,701 to €168,532
- Reserves +€295,040
up €295,040 (+135%), from €218,114 to €513,154
- Other debts -€255,703
no longer reported in 2025 (was €255,703)
- Profit (loss) carried forward -€91,959
down €91,959 (-99.9%), from €92,093 to €134
- Financial income +€53,209
new in 2025: €53,209
- Gross operating margin -€29,264
down €29,264 (-10.2%), from €287,521 to €258,257
- Taxes +€23,148
up €23,148 (+37.8%), from €61,296 to €84,444
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 | €601,966 | €553,995 | -€47,971 | -8.0% |
| Fixed assets | 21/28 | €100,963 | €55,133 | -€45,830 | -45.4% |
| Tangible fixed assets | 22/27 | €100,963 | €55,133 | -€45,830 | -45.4% |
| Plant, machinery and equipment | 23 | €5,467 | €4,028 | -€1,439 | -26.3% |
| Furniture and vehicles | 24 | €67,372 | €48,436 | -€18,935 | -28.1% |
| Other tangible fixed assets | 26 | €28,124 | €2,668 | -€25,456 | -90.5% |
| Current assets | 29/58 | €501,004 | €498,863 | -€2,141 | -0.4% |
| Amounts receivable within one year | 40/41 | €110,115 | €146,699 | +€36,584 | +33.2% |
| Trade receivables | 40 | €106,665 | - | -€106,665 | |
| Other amounts receivable | 41 | €3,450 | €146,699 | +€143,249 | +4,152% |
| Current investments | 50/53 | €149,701 | €168,532 | +€18,831 | +12.6% |
| Cash at bank and in hand | 54/58 | €237,874 | €178,115 | -€59,758 | -25.1% |
| Deferred charges and accrued income | 490/1 | €3,314 | €5,517 | +€2,202 | +66.5% |
| Total equity and liabilities | 10/49 | €601,966 | €553,995 | -€47,971 | -8.0% |
| Equity | 10/15 | €328,807 | €533,748 | +€204,941 | +62.3% |
| Contributions | 10/11 | €18,600 | €20,460 | +€1,860 | +10.0% |
| Reserves | 13 | €218,114 | €513,154 | +€295,040 | +135% |
| Distributable reserves | 133 | €218,114 | €513,154 | +€295,040 | +135% |
| Profit (loss) carried forward | 14 | €92,093 | €134 | -€91,959 | -99.9% |
| Amounts payable | 17/49 | €273,160 | €20,248 | -€252,912 | -92.6% |
| Amounts payable within one year | 42/48 | €273,160 | €20,248 | -€252,912 | -92.6% |
| Trade debts | 44 | €1,161 | €2,758 | +€1,597 | +138% |
| Suppliers | 440/4 | €1,161 | €2,758 | +€1,597 | +138% |
| Taxes, remuneration and social security | 45 | €16,296 | €17,490 | +€1,194 | +7.3% |
| Taxes | 450/3 | €16,296 | €17,490 | +€1,194 | +7.3% |
| Other amounts payable | 47/48 | €255,703 | - | -€255,703 | |
| Non-recurring operating income | 76A | €25,000 | - | -€25,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,960 | €21,041 | -€1,919 | -8.4% |
| Other operating charges | 640/8 | €685 | €651 | -€34 | -4.9% |
| Gross operating margin | 9900 | €287,521 | €258,257 | -€29,264 | -10.2% |
| Operating profit (loss) | 9901 | €263,876 | €236,565 | -€27,311 | -10.4% |
| Financial income | 75/76B | - | €53,209 | +€53,209 | |
| Recurring financial income | 75 | - | €53,209 | +€53,209 | |
| Financial charges | 65/66B | €2,447 | €389 | -€2,058 | -84.1% |
| Recurring financial charges | 65 | €2,447 | €389 | -€2,058 | -84.1% |
| Profit (loss) for the period before taxes | 9903 | €261,429 | €289,385 | +€27,956 | +10.7% |
| Income taxes | 67/77 | €61,296 | €84,444 | +€23,148 | +37.8% |
| Profit (loss) for the period | 9904 | €200,133 | €204,941 | +€4,807 | +2.4% |
| Profit (loss) for the period to be appropriated | 9905 | €200,133 | €204,941 | +€4,807 | +2.4% |
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 29 October 2026 via checked.be.