Elien Dewitte: 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.
Elien Dewitte
Largest movements
- Cash +€45,624
up €45,624 (+140%), from €32,484 to €78,108
mainly Net result for the year (+€41,513) and Depreciation (+€15,619)
- Tangible fixed assets -€10,136
down €10,136 (-18.2%), from €55,811 to €45,675
of which Furniture and vehicles: -€12,086
- Receivables within one year -€8,941
down €8,941 (-26.0%), from €34,397 to €25,456
of which Trade receivables: -€9,472
- Profit (loss) carried forward +€41,513
up €41,513 (+41.0%), from €101,191 to €142,704
- Other debts -€12,674
down €12,674 (-99.7%), from €12,710 to €37
- Tax, wage and social debts -€2,312
down €2,312 (-30.2%), from €7,660 to €5,348
- Gross operating margin -€9,136
down €9,136 (-11.4%), from €80,220 to €71,084
- Depreciation +€2,245
up €2,245 (+16.8%), from €13,374 to €15,619
- Taxes -€1,497
down €1,497 (-10.7%), from €14,033 to €12,536
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 | €122,692 | €149,240 | +€26,548 | +21.6% |
| Fixed assets | 21/28 | €55,811 | €45,675 | -€10,136 | -18.2% |
| Tangible fixed assets | 22/27 | €55,811 | €45,675 | -€10,136 | -18.2% |
| Plant, machinery and equipment | 23 | €969 | €612 | -€356 | -36.8% |
| Furniture and vehicles | 24 | €45,930 | €33,844 | -€12,086 | -26.3% |
| Other tangible fixed assets | 26 | €8,912 | €11,219 | +€2,307 | +25.9% |
| Current assets | 29/58 | €66,881 | €103,565 | +€36,683 | +54.8% |
| Amounts receivable within one year | 40/41 | €34,397 | €25,456 | -€8,941 | -26.0% |
| Trade receivables | 40 | €30,986 | €21,514 | -€9,472 | -30.6% |
| Other amounts receivable | 41 | €3,411 | €3,942 | +€531 | +15.6% |
| Cash at bank and in hand | 54/58 | €32,484 | €78,108 | +€45,624 | +140% |
| Total equity and liabilities | 10/49 | €122,692 | €149,240 | +€26,548 | +21.6% |
| Equity | 10/15 | €102,191 | €143,704 | +€41,513 | +40.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €101,191 | €142,704 | +€41,513 | +41.0% |
| Amounts payable | 17/49 | €20,501 | €5,536 | -€14,965 | -73.0% |
| Amounts payable within one year | 42/48 | €20,435 | €5,469 | -€14,967 | -73.2% |
| Trade debts | 44 | €65 | €84 | +€19 | +29.2% |
| Suppliers | 440/4 | €65 | €84 | +€19 | +29.2% |
| Taxes, remuneration and social security | 45 | €7,660 | €5,348 | -€2,312 | -30.2% |
| Taxes | 450/3 | €7,660 | €5,348 | -€2,312 | -30.2% |
| Other amounts payable | 47/48 | €12,710 | €37 | -€12,674 | -99.7% |
| Accrued charges and deferred income | 492/3 | €66 | €67 | +€1 | +2.0% |
| Non-recurring operating income | 76A | €30 | €60 | +€30 | +100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,374 | €15,619 | +€2,245 | +16.8% |
| Other operating charges | 640/8 | €884 | €1,037 | +€153 | +17.3% |
| Gross operating margin | 9900 | €80,220 | €71,084 | -€9,136 | -11.4% |
| Operating profit (loss) | 9901 | €65,962 | €54,428 | -€11,533 | -17.5% |
| Financial income | 75/76B | €104 | - | -€104 | |
| Recurring financial income | 75 | €104 | - | -€104 | |
| Financial charges | 65/66B | €39 | €379 | +€340 | +869% |
| Recurring financial charges | 65 | €39 | €379 | +€340 | +869% |
| Profit (loss) for the period before taxes | 9903 | €66,027 | €54,050 | -€11,977 | -18.1% |
| Income taxes | 67/77 | €14,033 | €12,536 | -€1,497 | -10.7% |
| Profit (loss) for the period | 9904 | €51,994 | €41,513 | -€10,481 | -20.2% |
| Profit (loss) for the period to be appropriated | 9905 | €51,994 | €41,513 | -€10,481 | -20.2% |
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 14 October 2026 via checked.be.