Sarah De Wilde: what changed
Sarah De Wilde
Largest movements
- Tangible fixed assets -€19,464
down €19,464 (-28.5%), from €68,299 to €48,835
of which Leasing and similar rights: -€10,607
- Cash -€4,181
down €4,181 (-6.5%), from €64,538 to €60,357
mainly Other debts (-€39,975) and Debts after one year (-€10,200)
- Other debts -€39,975
down €39,975 (-96.0%), from €41,650 to €1,675
- Profit (loss) carried forward +€34,350
up €34,350 (+220%), from €15,609 to €49,959
- Debts after one year -€10,200
down €10,200 (-30.8%), from €33,116 to €22,916
- Tax, wage and social debts -€5,102
down €5,102 (-33.0%), from €15,482 to €10,380
- Trade debts -€1,967
down €1,967 (-52.7%), from €3,732 to €1,765
- Gross operating margin -€9,922
down €9,922 (-12.5%), from €79,586 to €69,664
- Taxes -€2,639
down €2,639 (-21.7%), from €12,167 to €9,528
- Depreciation +€2,566
up €2,566 (+13.2%), from €19,487 to €22,053
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 | €137,968 | €115,494 | -€22,474 | -16.3% |
| Fixed assets | 21/28 | €68,299 | €48,835 | -€19,464 | -28.5% |
| Tangible fixed assets | 22/27 | €68,299 | €48,835 | -€19,464 | -28.5% |
| Plant, machinery and equipment | 23 | €1,916 | €1,447 | -€469 | -24.5% |
| Furniture and vehicles | 24 | €19,269 | €12,880 | -€6,389 | -33.2% |
| Leasing and similar rights | 25 | €41,700 | €31,093 | -€10,607 | -25.4% |
| Other tangible fixed assets | 26 | €5,415 | €3,415 | -€1,999 | -36.9% |
| Current assets | 29/58 | €69,669 | €66,659 | -€3,009 | -4.3% |
| Amounts receivable within one year | 40/41 | - | €972 | +€972 | |
| Other amounts receivable | 41 | - | €972 | +€972 | |
| Cash at bank and in hand | 54/58 | €64,538 | €60,357 | -€4,181 | -6.5% |
| Deferred charges and accrued income | 490/1 | €5,130 | €5,330 | +€200 | +3.9% |
| Total equity and liabilities | 10/49 | €137,968 | €115,494 | -€22,474 | -16.3% |
| Equity | 10/15 | €34,209 | €68,559 | +€34,350 | +100% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €15,609 | €49,959 | +€34,350 | +220% |
| Amounts payable | 17/49 | €103,758 | €46,935 | -€56,824 | -54.8% |
| Amounts payable after more than one year | 17 | €33,116 | €22,916 | -€10,200 | -30.8% |
| Financial debts | 170/4 | €33,116 | €22,916 | -€10,200 | -30.8% |
| Amounts payable within one year | 42/48 | €70,643 | €24,019 | -€46,624 | -66.0% |
| Current portion of amounts payable after more than one year | 42 | €9,779 | €10,200 | +€421 | +4.3% |
| Trade debts | 44 | €3,732 | €1,765 | -€1,967 | -52.7% |
| Suppliers | 440/4 | €3,732 | €1,765 | -€1,967 | -52.7% |
| Taxes, remuneration and social security | 45 | €15,482 | €10,380 | -€5,102 | -33.0% |
| Taxes | 450/3 | €15,482 | €10,380 | -€5,102 | -33.0% |
| Other amounts payable | 47/48 | €41,650 | €1,675 | -€39,975 | -96.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,487 | €22,053 | +€2,566 | +13.2% |
| Other operating charges | 640/8 | €2,040 | €2,063 | +€23 | +1.1% |
| Gross operating margin | 9900 | €79,586 | €69,664 | -€9,922 | -12.5% |
| Operating profit (loss) | 9901 | €58,059 | €45,548 | -€12,511 | -21.5% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €2,076 | €1,670 | -€407 | -19.6% |
| Recurring financial charges | 65 | €2,076 | €1,670 | -€407 | -19.6% |
| Profit (loss) for the period before taxes | 9903 | €55,982 | €43,878 | -€12,104 | -21.6% |
| Income taxes | 67/77 | €12,167 | €9,528 | -€2,639 | -21.7% |
| Profit (loss) for the period | 9904 | €43,815 | €34,350 | -€9,465 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €43,815 | €34,350 | -€9,465 | -21.6% |
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 1 November 2026 via checked.be.