Wouter Van Keirsbilck: 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.
Wouter Van Keirsbilck
Largest movements
- Tangible fixed assets +€10,983
up €10,983 (+423%), from €2,595 to €13,578
- Cash +€4,588
up €4,588 (+13.9%), from €32,957 to €37,545
mainly Net result for the year (+€17,104) and Depreciation (+€2,080)
- Receivables within one year +€3,061
new in 2025: €3,061
of which Other amounts receivable: +€1,691
- Profit (loss) carried forward +€17,104
up €17,104 (+56.8%), from €30,096 to €47,200
- Short-term financial debts +€2,023
new in 2025: €2,023
- Taxes +€11,371
new in 2025: €11,371
- Depreciation +€1,609
up €1,609 (+342%), from €471 to €2,080
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 | €35,577 | €54,223 | +€18,646 | +52.4% |
| Fixed assets | 21/28 | €2,595 | €13,578 | +€10,983 | +423% |
| Tangible fixed assets | 22/27 | €2,595 | €13,578 | +€10,983 | +423% |
| Furniture and vehicles | 24 | €2,595 | €13,578 | +€10,983 | +423% |
| Current assets | 29/58 | €32,982 | €40,646 | +€7,663 | +23.2% |
| Amounts receivable within one year | 40/41 | - | €3,061 | +€3,061 | |
| Trade receivables | 40 | - | €1,370 | +€1,370 | |
| Other amounts receivable | 41 | - | €1,691 | +€1,691 | |
| Cash at bank and in hand | 54/58 | €32,957 | €37,545 | +€4,588 | +13.9% |
| Deferred charges and accrued income | 490/1 | €26 | €40 | +€14 | +54.7% |
| Total equity and liabilities | 10/49 | €35,577 | €54,223 | +€18,646 | +52.4% |
| Equity | 10/15 | €35,096 | €52,200 | +€17,104 | +48.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €30,096 | €47,200 | +€17,104 | +56.8% |
| Amounts payable | 17/49 | €481 | €2,023 | +€1,543 | +321% |
| Amounts payable within one year | 42/48 | €481 | €2,023 | +€1,543 | +321% |
| Financial debts | 43 | - | €2,023 | +€2,023 | |
| Credit institutions | 430/8 | - | €2,023 | +€2,023 | |
| Trade debts | 44 | €252 | €0 | -€252 | -100% |
| Suppliers | 440/4 | €252 | €0 | -€252 | -100% |
| Other amounts payable | 47/48 | €229 | €0 | -€229 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €471 | €2,080 | +€1,609 | +342% |
| Other operating charges | 640/8 | €126 | €128 | +€2 | +1.6% |
| Gross operating margin | 9900 | €30,785 | €30,940 | +€155 | +0.5% |
| Operating profit (loss) | 9901 | €30,189 | €28,732 | -€1,457 | -4.8% |
| Financial income | 75/76B | - | €11 | +€11 | |
| Recurring financial income | 75 | - | €11 | +€11 | |
| Financial charges | 65/66B | €93 | €268 | +€175 | +189% |
| Recurring financial charges | 65 | €93 | €268 | +€175 | +189% |
| Profit (loss) for the period before taxes | 9903 | €30,096 | €28,475 | -€1,621 | -5.4% |
| Income taxes | 67/77 | - | €11,371 | +€11,371 | |
| Profit (loss) for the period | 9904 | €30,096 | €17,104 | -€12,992 | -43.2% |
| Profit (loss) for the period to be appropriated | 9905 | €30,096 | €17,104 | -€12,992 | -43.2% |
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 15 October 2026 via checked.be.