VEERLE WILBERTS: what changed
VEERLE WILBERTS
Largest movements
- Cash -€19,186
down €19,186 (-9.6%), from €199,220 to €180,034
mainly Contributions, distributions and other (-€136,200) and Tax, wage and social debts (-€12,230)
- Tangible fixed assets -€15,494
down €15,494 (-8.1%), from €191,474 to €175,981
of which Land and buildings: -€13,838
- Receivables within one year +€8,062
up €8,062 (+88,884%), from €9 to €8,071
of which Other amounts receivable: +€8,071
- Reserves -€93,729
down €93,729 (-31.9%), from €293,579 to €199,849
of which Distributable reserves: -€91,869
- Other debts +€82,894
up €82,894 (+149%), from €55,667 to €138,561
- Tax, wage and social debts -€12,230
down €12,230 (-100%), from €12,230 to €0
of which Taxes: -€9,730
- Debts after one year -€4,049
down €4,049 (-28.0%), from €14,461 to €10,412
of which Financial debts: -€4,049
- Taxes -€9,825
down €9,825 (-36.7%), from €26,754 to €16,929
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 | €393,191 | €366,048 | -€27,144 | -6.9% |
| Fixed assets | 21/28 | €191,474 | €175,981 | -€15,494 | -8.1% |
| Tangible fixed assets | 22/27 | €191,474 | €175,981 | -€15,494 | -8.1% |
| Land and buildings | 22 | €188,926 | €175,089 | -€13,838 | -7.3% |
| Plant, machinery and equipment | 23 | €2,548 | €892 | -€1,656 | -65.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €201,717 | €190,067 | -€11,650 | -5.8% |
| Amounts receivable within one year | 40/41 | €9 | €8,071 | +€8,062 | +88,884% |
| Trade receivables | 40 | €9 | €0 | -€9 | -100% |
| Other amounts receivable | 41 | - | €8,071 | +€8,071 | |
| Cash at bank and in hand | 54/58 | €199,220 | €180,034 | -€19,186 | -9.6% |
| Deferred charges and accrued income | 490/1 | €2,488 | €1,963 | -€526 | -21.1% |
| Total equity and liabilities | 10/49 | €393,191 | €366,048 | -€27,144 | -6.9% |
| Equity | 10/15 | €305,979 | €212,249 | -€93,729 | -30.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €293,579 | €199,849 | -€93,729 | -31.9% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €291,719 | €199,849 | -€91,869 | -31.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €87,213 | €153,799 | +€66,586 | +76.3% |
| Amounts payable after more than one year | 17 | €14,461 | €10,412 | -€4,049 | -28.0% |
| Financial debts | 170/4 | €11,911 | €7,862 | -€4,049 | -34.0% |
| Other amounts payable | 178/9 | €2,550 | €2,550 | = | 0.0% |
| Amounts payable within one year | 42/48 | €72,752 | €143,387 | +€70,635 | +97.1% |
| Current portion of amounts payable after more than one year | 42 | €3,888 | €4,049 | +€161 | +4.1% |
| Trade debts | 44 | €968 | €777 | -€191 | -19.7% |
| Suppliers | 440/4 | €968 | €777 | -€191 | -19.7% |
| Taxes, remuneration and social security | 45 | €12,230 | €0 | -€12,230 | -100% |
| Taxes | 450/3 | €9,730 | €0 | -€9,730 | -100% |
| Remuneration and social security | 454/9 | €2,500 | €0 | -€2,500 | -100% |
| Other amounts payable | 47/48 | €55,667 | €138,561 | +€82,894 | +149% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,154 | €22,496 | -€658 | -2.8% |
| Other operating charges | 640/8 | €405 | €1,196 | +€791 | +195% |
| Gross operating margin | 9900 | €84,793 | €84,113 | -€680 | -0.8% |
| Operating profit (loss) | 9901 | €61,235 | €60,421 | -€814 | -1.3% |
| Financial income | 75/76B | €4 | €0 | -€4 | -100% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -100% |
| Financial charges | 65/66B | €1,032 | €1,021 | -€10 | -1.0% |
| Recurring financial charges | 65 | €1,032 | €1,021 | -€10 | -1.0% |
| Profit (loss) for the period before taxes | 9903 | €60,207 | €59,400 | -€807 | -1.3% |
| Income taxes | 67/77 | €26,754 | €16,929 | -€9,825 | -36.7% |
| Profit (loss) for the period | 9904 | €33,453 | €42,471 | +€9,018 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | €33,453 | €42,471 | +€9,018 | +27.0% |
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 6 November 2026 via checked.be.