DR. WOUTER MEBIS: 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. WOUTER MEBIS
Largest movements
- Receivables after one year -€120,000
down €120,000 (-100%), from €120,000 to €0
- Cash -€86,090
down €86,090 (-63.9%), from €134,690 to €48,599
mainly Contributions, distributions and other (-€764,372) and Investment in fixed assets (net) (-€76,160)
- Current investments -€50,000
down €50,000 (-45.5%), from €110,002 to €60,002
- Deferred charges and accrued income +€36,132
up €36,132 (+12.2%), from €295,663 to €331,794
- Receivables within one year -€35,910
down €35,910 (-64.2%), from €55,910 to €20,000
- Reserves -€399,602
down €399,602 (-52.3%), from €764,372 to €364,769
- Other debts +€176,357
up €176,357 (+241,585%), from €73 to €176,430
- Debts after one year -€26,633
down €26,633 (-30.3%), from €87,954 to €61,322
- Tax, wage and social debts +€17,487
up €17,487 (+1,062%), from €1,647 to €19,134
of which Taxes: +€17,042
- Gross operating margin +€79,479
up €79,479 (+17.3%), from €460,577 to €540,056
- Taxes +€17,365
up €17,365 (+17.1%), from €101,647 to €119,012
- Depreciation +€17,236
up €17,236 (+48.1%), from €35,860 to €53,096
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 | €887,480 | €654,676 | -€232,804 | -26.2% |
| Fixed assets | 21/28 | €171,216 | €194,280 | +€23,064 | +13.5% |
| Tangible fixed assets | 22/27 | €171,143 | €194,207 | +€23,064 | +13.5% |
| Land and buildings | 22 | €5,767 | €55,308 | +€49,541 | +859% |
| Plant, machinery and equipment | 23 | €24,414 | €33,398 | +€8,984 | +36.8% |
| Furniture and vehicles | 24 | €140,962 | €105,500 | -€35,462 | -25.2% |
| Financial fixed assets | 28 | €73 | €73 | = | 0.0% |
| Current assets | 29/58 | €716,264 | €460,396 | -€255,868 | -35.7% |
| Amounts receivable after more than one year | 29 | €120,000 | €0 | -€120,000 | -100% |
| Other amounts receivable | 291 | €120,000 | €0 | -€120,000 | -100% |
| Amounts receivable within one year | 40/41 | €55,910 | €20,000 | -€35,910 | -64.2% |
| Other amounts receivable | 41 | €55,910 | €20,000 | -€35,910 | -64.2% |
| Current investments | 50/53 | €110,002 | €60,002 | -€50,000 | -45.5% |
| Cash at bank and in hand | 54/58 | €134,690 | €48,599 | -€86,090 | -63.9% |
| Deferred charges and accrued income | 490/1 | €295,663 | €331,794 | +€36,132 | +12.2% |
| Total equity and liabilities | 10/49 | €887,480 | €654,676 | -€232,804 | -26.2% |
| Equity | 10/15 | €766,872 | €367,269 | -€399,602 | -52.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €764,372 | €364,769 | -€399,602 | -52.3% |
| Distributable reserves | 133 | €764,372 | €364,769 | -€399,602 | -52.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €120,608 | €287,406 | +€166,798 | +138% |
| Amounts payable after more than one year | 17 | €87,954 | €61,322 | -€26,633 | -30.3% |
| Financial debts | 170/4 | €87,954 | €61,322 | -€26,633 | -30.3% |
| Amounts payable within one year | 42/48 | €32,654 | €226,085 | +€193,431 | +592% |
| Current portion of amounts payable after more than one year | 42 | €26,868 | €26,633 | -€236 | -0.9% |
| Financial debts | 43 | €1,010 | €11 | -€999 | -98.9% |
| Credit institutions | 430/8 | €1,010 | €11 | -€999 | -98.9% |
| Trade debts | 44 | €3,055 | €3,878 | +€822 | +26.9% |
| Suppliers | 440/4 | €3,055 | €3,878 | +€822 | +26.9% |
| Taxes, remuneration and social security | 45 | €1,647 | €19,134 | +€17,487 | +1,062% |
| Taxes | 450/3 | €1,647 | €18,689 | +€17,042 | +1,035% |
| Remuneration and social security | 454/9 | - | €445 | +€445 | |
| Other amounts payable | 47/48 | €73 | €176,430 | +€176,357 | +241,585% |
| Non-recurring operating income | 76A | €7,762 | €0 | -€7,762 | -100% |
| Remuneration, social security and pensions | 62 | - | €1,076 | +€1,076 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,860 | €53,096 | +€17,236 | +48.1% |
| Other operating charges | 640/8 | €1,408 | €1,236 | -€173 | -12.3% |
| Gross operating margin | 9900 | €460,577 | €540,056 | +€79,479 | +17.3% |
| Operating profit (loss) | 9901 | €423,309 | €484,649 | +€61,340 | +14.5% |
| Financial income | 75/76B | €3,203 | €2,988 | -€216 | -6.7% |
| Recurring financial income | 75 | €3,203 | €2,988 | -€216 | -6.7% |
| Financial charges | 65/66B | €4,525 | €3,855 | -€670 | -14.8% |
| Recurring financial charges | 65 | €4,525 | €3,855 | -€670 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €421,987 | €483,782 | +€61,794 | +14.6% |
| Income taxes | 67/77 | €101,647 | €119,012 | +€17,365 | +17.1% |
| Profit (loss) for the period | 9904 | €320,340 | €364,769 | +€44,429 | +13.9% |
| Profit (loss) for the period to be appropriated | 9905 | €320,340 | €364,769 | +€44,429 | +13.9% |
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 16 October 2026 via checked.be.