Instituut De Waele: what changed
Instituut De Waele
Largest movements
- Cash +€7,104
up €7,104 (+94.6%), from €7,507 to €14,611
mainly Other debts (+€14,827) and Depreciation (+€4,429)
- Receivables within one year +€2,956
up €2,956 (+15.0%), from €19,643 to €22,599
- Tangible fixed assets -€2,466
down €2,466 (-48.9%), from €5,039 to €2,573
- Intangible fixed assets -€1,963
down €1,963 (-100%), from €1,963 to €0
- Other debts +€14,827
up €14,827 (+23.4%), from €63,278 to €78,105
- Profit (loss) carried forward -€6,344
down €6,344 (-4.4%), from -€143,742 to -€150,086
- Tax, wage and social debts -€2,746
down €2,746 (-34.8%), from €7,898 to €5,152
of which Taxes: -€2,605
- Gross operating margin +€3,041
up €3,041, from -€768 to €2,272
- Staff costs +€281
up €281 (+8.0%), from €3,526 to €3,807
- Depreciation -€96
down €96 (-2.1%), from €4,525 to €4,429
- Other operating charges +€62
up €62 (+43.8%), from €141 to €202
- Financial charges +€42
up €42 (+31.0%), from €136 to €178
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €34,837 | €40,469 | +€5,631 | +16.2% |
| Fixed assets | 21/28 | €7,002 | €2,573 | -€4,429 | -63.3% |
| Intangible fixed assets | 21 | €1,963 | €0 | -€1,963 | -100% |
| Tangible fixed assets | 22/27 | €5,039 | €2,573 | -€2,466 | -48.9% |
| Furniture and vehicles | 24 | €5,039 | €2,573 | -€2,466 | -48.9% |
| Current assets | 29/58 | €27,836 | €37,896 | +€10,060 | +36.1% |
| Stocks and contracts in progress | 3 | €500 | €500 | = | 0.0% |
| Stocks | 30/36 | €500 | €500 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €19,643 | €22,599 | +€2,956 | +15.0% |
| Other amounts receivable | 41 | €19,643 | €22,599 | +€2,956 | +15.0% |
| Cash at bank and in hand | 54/58 | €7,507 | €14,611 | +€7,104 | +94.6% |
| Deferred charges and accrued income | 490/1 | €186 | €186 | = | 0.0% |
| Total equity and liabilities | 10/49 | €34,837 | €40,469 | +€5,631 | +16.2% |
| Equity | 10/15 | -€37,774 | -€44,118 | -€6,344 | -16.8% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €25,968 | €25,968 | = | 0.0% |
| Distributable reserves | 133 | €25,968 | €25,968 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€143,742 | -€150,086 | -€6,344 | -4.4% |
| Amounts payable | 17/49 | €72,611 | €84,587 | +€11,975 | +16.5% |
| Amounts payable within one year | 42/48 | €71,176 | €83,539 | +€12,362 | +17.4% |
| Trade debts | 44 | - | €281 | +€281 | |
| Suppliers | 440/4 | - | €281 | +€281 | |
| Taxes, remuneration and social security | 45 | €7,898 | €5,152 | -€2,746 | -34.8% |
| Taxes | 450/3 | €7,625 | €5,020 | -€2,605 | -34.2% |
| Remuneration and social security | 454/9 | €273 | €132 | -€141 | -51.7% |
| Other amounts payable | 47/48 | €63,278 | €78,105 | +€14,827 | +23.4% |
| Accrued charges and deferred income | 492/3 | €1,435 | €1,048 | -€387 | -27.0% |
| Remuneration, social security and pensions | 62 | €3,526 | €3,807 | +€281 | +8.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,525 | €4,429 | -€96 | -2.1% |
| Other operating charges | 640/8 | €141 | €202 | +€62 | +43.8% |
| Gross operating margin | 9900 | -€768 | €2,272 | +€3,041 | |
| Operating profit (loss) | 9901 | -€8,960 | -€6,166 | +€2,794 | +31.2% |
| Financial charges | 65/66B | €136 | €178 | +€42 | +31.0% |
| Recurring financial charges | 65 | €136 | €178 | +€42 | +31.0% |
| Profit (loss) for the period before taxes | 9903 | -€9,096 | -€6,344 | +€2,752 | +30.3% |
| Profit (loss) for the period | 9904 | -€9,096 | -€6,344 | +€2,752 | +30.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,096 | -€6,344 | +€2,752 | +30.3% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.