MIKE DEWILDE: 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.
MIKE DEWILDE
Largest movements
- Intangible fixed assets -€76,945
down €76,945 (-13.8%), from €558,855 to €481,910
- Cash +€55,581
up €55,581 (+34.5%), from €160,975 to €216,556
mainly Net result for the year (+€202,658) and Depreciation (+€119,499)
- Profit (loss) carried forward +€102,658
up €102,658 (+22.4%), from €458,409 to €561,066
- Debts after one year -€87,407
down €87,407 (-17.3%), from €505,812 to €418,405
- Current portion of long-term debt -€15,446
down €15,446 (-15.0%), from €102,854 to €87,407
- Gross operating margin -€60,385
down €60,385 (-8.6%), from €702,401 to €642,016
- Taxes -€21,118
down €21,118 (-24.8%), from €85,065 to €63,948
- Depreciation +€8,779
up €8,779 (+7.9%), from €110,720 to €119,499
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.
Cash bridge derived
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 | €1,206,798 | €1,200,388 | -€6,410 | -0.5% |
| Fixed assets | 21/28 | €865,876 | €797,903 | -€67,973 | -7.9% |
| Intangible fixed assets | 21 | €558,855 | €481,910 | -€76,945 | -13.8% |
| Tangible fixed assets | 22/27 | €307,020 | €315,993 | +€8,972 | +2.9% |
| Land and buildings | 22 | €232,000 | €207,113 | -€24,887 | -10.7% |
| Plant, machinery and equipment | 23 | - | €35,335 | +€35,335 | |
| Furniture and vehicles | 24 | €58,190 | €63,005 | +€4,815 | +8.3% |
| Other tangible fixed assets | 26 | €16,830 | €10,540 | -€6,291 | -37.4% |
| Current assets | 29/58 | €340,923 | €402,486 | +€61,563 | +18.1% |
| Amounts receivable after more than one year | 29 | €111,000 | €111,000 | = | 0.0% |
| Other amounts receivable | 291 | €111,000 | €111,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €68,948 | €74,930 | +€5,982 | +8.7% |
| Trade receivables | 40 | €66,138 | €66,068 | -€70 | -0.1% |
| Other amounts receivable | 41 | €2,810 | €8,862 | +€6,052 | +215.4% |
| Cash at bank and in hand | 54/58 | €160,975 | €216,556 | +€55,581 | +34.5% |
| Total equity and liabilities | 10/49 | €1,206,798 | €1,200,388 | -€6,410 | -0.5% |
| Equity | 10/15 | €503,409 | €606,066 | +€102,658 | +20.4% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €20,000 | €20,000 | = | 0.0% |
| Distributable reserves | 133 | €20,000 | €20,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €458,409 | €561,066 | +€102,658 | +22.4% |
| Amounts payable | 17/49 | €703,390 | €594,322 | -€109,067 | -15.5% |
| Amounts payable after more than one year | 17 | €505,812 | €418,405 | -€87,407 | -17.3% |
| Financial debts | 170/4 | €505,812 | €418,405 | -€87,407 | -17.3% |
| Amounts payable within one year | 42/48 | €197,578 | €175,918 | -€21,660 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €102,854 | €87,407 | -€15,446 | -15.0% |
| Trade debts | 44 | €26,219 | €25,727 | -€492 | -1.9% |
| Suppliers | 440/4 | €26,219 | €25,727 | -€492 | -1.9% |
| Taxes, remuneration and social security | 45 | €65,874 | €59,219 | -€6,654 | -10.1% |
| Taxes | 450/3 | €35,772 | €34,825 | -€947 | -2.6% |
| Remuneration and social security | 454/9 | €30,102 | €24,395 | -€5,708 | -19.0% |
| Other amounts payable | 47/48 | €2,632 | €3,564 | +€933 | +35.4% |
| Remuneration, social security and pensions | 62 | €242,494 | €247,240 | +€4,746 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,720 | €119,499 | +€8,779 | +7.9% |
| Other operating charges | 640/8 | €1,440 | €1,441 | +€1 | +0.1% |
| Gross operating margin | 9900 | €702,401 | €642,016 | -€60,385 | -8.6% |
| Operating profit (loss) | 9901 | €347,748 | €273,837 | -€73,911 | -21.3% |
| Financial income | 75/76B | €1,459 | €4,012 | +€2,553 | +174.9% |
| Recurring financial income | 75 | €1,459 | €4,012 | +€2,553 | +174.9% |
| Financial charges | 65/66B | €9,943 | €11,244 | +€1,301 | +13.1% |
| Recurring financial charges | 65 | €9,943 | €11,244 | +€1,301 | +13.1% |
| Profit (loss) for the period before taxes | 9903 | €339,264 | €266,605 | -€72,659 | -21.4% |
| Income taxes | 67/77 | €85,065 | €63,948 | -€21,118 | -24.8% |
| Profit (loss) for the period | 9904 | €254,199 | €202,658 | -€51,541 | -20.3% |
| Profit (loss) for the period to be appropriated | 9905 | €254,199 | €202,658 | -€51,541 | -20.3% |
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 10 October 2026 via checked.be.