WIM DEKEYSER: 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.
WIM DEKEYSER
Largest movements
- Cash +€84,066
up €84,066 (+46.3%), from €181,646 to €265,712
mainly Net result for the year (+€149,374) and Depreciation (+€41,283)
- Receivables within one year +€56,924
up €56,924 (+117%), from €48,542 to €105,466
- Tangible fixed assets -€29,194
down €29,194 (-6.4%), from €452,756 to €423,562
of which Land and buildings: -€14,810
- Reserves +€121,330
up €121,330 (+35.2%), from €344,608 to €465,938
- Tax, wage and social debts -€56,267
down €56,267 (-73.8%), from €76,217 to €19,950
of which Taxes: -€56,267
- Other debts +€35,602
up €35,602 (+371%), from €9,592 to €45,194
- Trade debts +€30,385
up €30,385 (+56.6%), from €53,719 to €84,104
- Debts after one year -€15,649
down €15,649 (-9.9%), from €158,688 to €143,039
- Gross operating margin +€104,159
up €104,159 (+68.8%), from €151,460 to €255,619
- Taxes +€31,665
up €31,665 (+99.6%), from €31,804 to €63,469
- Financial income +€5,030
up €5,030 (+33,533%), from €15 to €5,045
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 | €692,458 | €804,255 | +€111,797 | +16.1% |
| Fixed assets | 21/28 | €462,066 | €432,872 | -€29,194 | -6.3% |
| Tangible fixed assets | 22/27 | €452,756 | €423,562 | -€29,194 | -6.4% |
| Land and buildings | 22 | €389,965 | €375,155 | -€14,810 | -3.8% |
| Furniture and vehicles | 24 | €62,791 | €48,407 | -€14,384 | -22.9% |
| Financial fixed assets | 28 | €9,310 | €9,310 | = | 0.0% |
| Current assets | 29/58 | €230,392 | €371,383 | +€140,991 | +61.2% |
| Amounts receivable within one year | 40/41 | €48,542 | €105,466 | +€56,924 | +117% |
| Trade receivables | 40 | €48,542 | €105,466 | +€56,924 | +117% |
| Current investments | 50/53 | €204 | €205 | +€1 | +0.5% |
| Cash at bank and in hand | 54/58 | €181,646 | €265,712 | +€84,066 | +46.3% |
| Total equity and liabilities | 10/49 | €692,458 | €804,255 | +€111,797 | +16.1% |
| Equity | 10/15 | €374,989 | €496,319 | +€121,330 | +32.4% |
| Contributions | 10/11 | €13,014 | €13,014 | = | 0.0% |
| Reserves | 13 | €344,608 | €465,938 | +€121,330 | +35.2% |
| Distributable reserves | 133 | €344,608 | €465,938 | +€121,330 | +35.2% |
| Profit (loss) carried forward | 14 | €17,367 | €17,367 | = | 0.0% |
| Amounts payable | 17/49 | €317,469 | €307,936 | -€9,533 | -3.0% |
| Amounts payable after more than one year | 17 | €158,688 | €143,039 | -€15,649 | -9.9% |
| Financial debts | 170/4 | €158,688 | €143,039 | -€15,649 | -9.9% |
| Amounts payable within one year | 42/48 | €158,781 | €164,897 | +€6,116 | +3.9% |
| Current portion of amounts payable after more than one year | 42 | €19,253 | €15,649 | -€3,604 | -18.7% |
| Trade debts | 44 | €53,719 | €84,104 | +€30,385 | +56.6% |
| Suppliers | 440/4 | €53,719 | €84,104 | +€30,385 | +56.6% |
| Taxes, remuneration and social security | 45 | €76,217 | €19,950 | -€56,267 | -73.8% |
| Taxes | 450/3 | €74,624 | €18,357 | -€56,267 | -75.4% |
| Remuneration and social security | 454/9 | €1,593 | €1,593 | = | 0.0% |
| Other amounts payable | 47/48 | €9,592 | €45,194 | +€35,602 | +371% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,217 | €41,283 | -€934 | -2.2% |
| Other operating charges | 640/8 | €1,923 | €3,038 | +€1,115 | +58.0% |
| Gross operating margin | 9900 | €151,460 | €255,619 | +€104,159 | +68.8% |
| Operating profit (loss) | 9901 | €107,320 | €211,298 | +€103,978 | +96.9% |
| Financial income | 75/76B | €15 | €5,045 | +€5,030 | +33,533% |
| Recurring financial income | 75 | €15 | €5,045 | +€5,030 | +33,533% |
| Financial charges | 65/66B | €3,478 | €3,500 | +€22 | +0.6% |
| Recurring financial charges | 65 | €3,478 | €3,500 | +€22 | +0.6% |
| Profit (loss) for the period before taxes | 9903 | €103,857 | €212,843 | +€108,986 | +105% |
| Income taxes | 67/77 | €31,804 | €63,469 | +€31,665 | +99.6% |
| Profit (loss) for the period | 9904 | €72,053 | €149,374 | +€77,321 | +107% |
| Profit (loss) for the period to be appropriated | 9905 | €72,053 | €149,374 | +€77,321 | +107% |
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 21 October 2026 via checked.be.