WENDY DESADELEER: 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.
WENDY DESADELEER
Largest movements
- Receivables within one year +€48,193
up €48,193 (+340%), from €14,187 to €62,379
of which Trade receivables: +€53,854
- Tangible fixed assets +€9,358
up €9,358 (+498%), from €1,880 to €11,238
- Cash +€4,828
up €4,828 (+10.5%), from €45,829 to €50,657
mainly Net result for the year (+€42,474) and Tax, wage and social debts (+€16,685)
- Reserves +€42,474
up €42,474 (+104%), from €40,997 to €83,470
- Tax, wage and social debts +€16,685
up €16,685 (+104%), from €15,970 to €32,655
- Trade debts +€2,186
up €2,186 (+136%), from €1,608 to €3,794
- Gross operating margin +€18,525
up €18,525 (+48.0%), from €38,587 to €57,112
- Taxes +€3,369
up €3,369 (+40.5%), from €8,311 to €11,680
- Depreciation +€1,623
up €1,623 (+321%), from €506 to €2,129
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 | €62,434 | €125,048 | +€62,614 | +100% |
| Fixed assets | 21/28 | €1,880 | €11,238 | +€9,358 | +498% |
| Tangible fixed assets | 22/27 | €1,880 | €11,238 | +€9,358 | +498% |
| Furniture and vehicles | 24 | €1,880 | €11,238 | +€9,358 | +498% |
| Current assets | 29/58 | €60,554 | €113,810 | +€53,256 | +87.9% |
| Amounts receivable within one year | 40/41 | €14,187 | €62,379 | +€48,193 | +340% |
| Trade receivables | 40 | €8,526 | €62,379 | +€53,854 | +632% |
| Other amounts receivable | 41 | €5,661 | - | -€5,661 | |
| Cash at bank and in hand | 54/58 | €45,829 | €50,657 | +€4,828 | +10.5% |
| Deferred charges and accrued income | 490/1 | €538 | €774 | +€235 | +43.7% |
| Total equity and liabilities | 10/49 | €62,434 | €125,048 | +€62,614 | +100% |
| Equity | 10/15 | €43,997 | €86,470 | +€42,474 | +96.5% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €40,997 | €83,470 | +€42,474 | +104% |
| Distributable reserves | 133 | €40,997 | €83,470 | +€42,474 | +104% |
| Amounts payable | 17/49 | €18,437 | €38,577 | +€20,140 | +109% |
| Amounts payable within one year | 42/48 | €18,437 | €38,097 | +€19,660 | +107% |
| Trade debts | 44 | €1,608 | €3,794 | +€2,186 | +136% |
| Suppliers | 440/4 | €1,608 | €3,794 | +€2,186 | +136% |
| Taxes, remuneration and social security | 45 | €15,970 | €32,655 | +€16,685 | +104% |
| Taxes | 450/3 | €15,970 | €32,655 | +€16,685 | +104% |
| Other amounts payable | 47/48 | €859 | €1,649 | +€790 | +91.9% |
| Accrued charges and deferred income | 492/3 | - | €480 | +€480 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €506 | €2,129 | +€1,623 | +321% |
| Other operating charges | 640/8 | €466 | €599 | +€133 | +28.5% |
| Gross operating margin | 9900 | €38,587 | €57,112 | +€18,525 | +48.0% |
| Operating profit (loss) | 9901 | €37,615 | €54,384 | +€16,769 | +44.6% |
| Financial income | 75/76B | €142 | €221 | +€79 | +55.5% |
| Recurring financial income | 75 | €142 | €221 | +€79 | +55.5% |
| Financial charges | 65/66B | €453 | €451 | -€3 | -0.6% |
| Recurring financial charges | 65 | €453 | €451 | -€3 | -0.6% |
| Profit (loss) for the period before taxes | 9903 | €37,303 | €54,154 | +€16,851 | +45.2% |
| Income taxes | 67/77 | €8,311 | €11,680 | +€3,369 | +40.5% |
| Profit (loss) for the period | 9904 | €28,992 | €42,474 | +€13,481 | +46.5% |
| Profit (loss) for the period to be appropriated | 9905 | €28,992 | €42,474 | +€13,481 | +46.5% |
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 13 October 2026 via checked.be.