Wim Maeyens: what changed
Wim Maeyens
Largest movements
- Cash +€53,208
up €53,208 (+92.7%), from €57,421 to €110,629
mainly Net result for the year (+€40,999) and Receivables within one year (+€27,329)
- Receivables within one year -€27,329
down €27,329 (-98.5%), from €27,747 to €418
of which Other amounts receivable: -€16,857
- Tangible fixed assets +€17,866
up €17,866 (+499%), from €3,580 to €21,446
of which Other tangible fixed assets: +€18,923
- Reserves +€40,999
up €40,999 (+102%), from €40,115 to €81,113
- Other debts +€10,810
new in 2025: €10,810
- Tax, wage and social debts -€6,083
down €6,083 (-14.1%), from €43,235 to €37,152
- Trade debts -€2,534
down €2,534 (-57.3%), from €4,422 to €1,888
- Gross operating margin +€3,652
up €3,652 (+6.3%), from €57,617 to €61,269
- Depreciation +€1,412
up €1,412 (+164%), from €862 to €2,274
- Financial charges +€778
up €778 (+2,276%), from €34 to €812
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 | €88,771 | €132,775 | +€44,004 | +49.6% |
| Fixed assets | 21/28 | €3,580 | €21,446 | +€17,866 | +499% |
| Tangible fixed assets | 22/27 | €3,580 | €21,446 | +€17,866 | +499% |
| Furniture and vehicles | 24 | €3,580 | €2,523 | -€1,058 | -29.5% |
| Other tangible fixed assets | 26 | - | €18,923 | +€18,923 | |
| Current assets | 29/58 | €85,191 | €111,329 | +€26,138 | +30.7% |
| Amounts receivable within one year | 40/41 | €27,747 | €418 | -€27,329 | -98.5% |
| Trade receivables | 40 | €10,890 | €418 | -€10,472 | -96.2% |
| Other amounts receivable | 41 | €16,857 | €0 | -€16,857 | -100% |
| Cash at bank and in hand | 54/58 | €57,421 | €110,629 | +€53,208 | +92.7% |
| Deferred charges and accrued income | 490/1 | €23 | €283 | +€260 | +1,106% |
| Total equity and liabilities | 10/49 | €88,771 | €132,775 | +€44,004 | +49.6% |
| Equity | 10/15 | €41,115 | €82,113 | +€40,999 | +99.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €40,115 | €81,113 | +€40,999 | +102% |
| Distributable reserves | 133 | €40,115 | €81,113 | +€40,999 | +102% |
| Amounts payable | 17/49 | €47,657 | €50,662 | +€3,005 | +6.3% |
| Amounts payable within one year | 42/48 | €47,657 | €49,850 | +€2,193 | +4.6% |
| Trade debts | 44 | €4,422 | €1,888 | -€2,534 | -57.3% |
| Suppliers | 440/4 | €4,422 | €1,888 | -€2,534 | -57.3% |
| Taxes, remuneration and social security | 45 | €43,235 | €37,152 | -€6,083 | -14.1% |
| Taxes | 450/3 | €43,235 | €37,152 | -€6,083 | -14.1% |
| Other amounts payable | 47/48 | - | €10,810 | +€10,810 | |
| Accrued charges and deferred income | 492/3 | - | €812 | +€812 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €862 | €2,274 | +€1,412 | +164% |
| Other operating charges | 640/8 | €918 | €984 | +€66 | +7.2% |
| Gross operating margin | 9900 | €57,617 | €61,269 | +€3,652 | +6.3% |
| Operating profit (loss) | 9901 | €55,837 | €58,011 | +€2,174 | +3.9% |
| Financial income | 75/76B | €24 | €0 | -€24 | -99.9% |
| Recurring financial income | 75 | €24 | €0 | -€24 | -99.9% |
| Financial charges | 65/66B | €34 | €812 | +€778 | +2,276% |
| Recurring financial charges | 65 | €34 | €812 | +€778 | +2,276% |
| Profit (loss) for the period before taxes | 9903 | €55,826 | €57,198 | +€1,372 | +2.5% |
| Income taxes | 67/77 | €15,711 | €16,200 | +€488 | +3.1% |
| Profit (loss) for the period | 9904 | €40,115 | €40,999 | +€884 | +2.2% |
| Profit (loss) for the period to be appropriated | 9905 | €40,115 | €40,999 | +€884 | +2.2% |
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 7 November 2026 via checked.be.