ANNICK JORDAENS: 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.
ANNICK JORDAENS
Largest movements
- Cash +€47,772
up €47,772 (+82.0%), from €58,271 to €106,043
mainly Net result for the year (+€40,282) and Tax, wage and social debts (+€15,061)
- Tangible fixed assets +€4,523
up €4,523 (+122%), from €3,719 to €8,242
of which Land and buildings: +€2,527
- Reserves +€40,282
up €40,282 (+87.5%), from €46,019 to €86,302
- Tax, wage and social debts +€15,061
up €15,061 (+63.3%), from €23,809 to €38,869
- Contributions -€2,000
no longer reported in 2025 (was €2,000)
- Gross operating margin -€16,655
down €16,655 (-27.0%), from €61,704 to €45,049
- Financial income +€10,920
up €10,920 (+327%), from €3,342 to €14,262
- Taxes -€1,936
down €1,936 (-11.0%), from €17,597 to €15,662
- Financial charges +€1,533
up €1,533 (+1,040%), from €147 to €1,681
- Depreciation +€774
up €774 (+198%), from €392 to €1,166
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 | €73,917 | €127,259 | +€53,342 | +72.2% |
| Fixed assets | 21/28 | €3,719 | €8,242 | +€4,523 | +122% |
| Tangible fixed assets | 22/27 | €3,719 | €8,242 | +€4,523 | +122% |
| Land and buildings | 22 | - | €2,527 | +€2,527 | |
| Furniture and vehicles | 24 | €2,054 | €3,125 | +€1,070 | +52.1% |
| Other tangible fixed assets | 26 | €1,665 | €2,590 | +€925 | +55.6% |
| Current assets | 29/58 | €70,198 | €119,017 | +€48,820 | +69.5% |
| Amounts receivable within one year | 40/41 | €11,564 | €12,601 | +€1,037 | +9.0% |
| Trade receivables | 40 | €11,564 | €12,601 | +€1,037 | +9.0% |
| Cash at bank and in hand | 54/58 | €58,271 | €106,043 | +€47,772 | +82.0% |
| Deferred charges and accrued income | 490/1 | €362 | €373 | +€11 | +3.0% |
| Total equity and liabilities | 10/49 | €73,917 | €127,259 | +€53,342 | +72.2% |
| Equity | 10/15 | €48,019 | €86,302 | +€38,282 | +79.7% |
| Contributions | 10/11 | €2,000 | - | -€2,000 | |
| Reserves | 13 | €46,019 | €86,302 | +€40,282 | +87.5% |
| Distributable reserves | 133 | €46,019 | €86,302 | +€40,282 | +87.5% |
| Amounts payable | 17/49 | €25,898 | €40,958 | +€15,060 | +58.2% |
| Amounts payable within one year | 42/48 | €25,898 | €40,958 | +€15,060 | +58.2% |
| Trade debts | 44 | €2,089 | €2,089 | -€1 | 0.0% |
| Suppliers | 440/4 | €2,089 | €2,089 | -€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €23,809 | €38,869 | +€15,061 | +63.3% |
| Taxes | 450/3 | €23,809 | €38,869 | +€15,061 | +63.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €392 | €1,166 | +€774 | +198% |
| Other operating charges | 640/8 | €890 | €520 | -€370 | -41.6% |
| Gross operating margin | 9900 | €61,704 | €45,049 | -€16,655 | -27.0% |
| Operating profit (loss) | 9901 | €60,422 | €43,363 | -€17,059 | -28.2% |
| Financial income | 75/76B | €3,342 | €14,262 | +€10,920 | +327% |
| Recurring financial income | 75 | €3,342 | €14,262 | +€10,920 | +327% |
| Financial charges | 65/66B | €147 | €1,681 | +€1,533 | +1,040% |
| Recurring financial charges | 65 | €147 | €1,681 | +€1,533 | +1,040% |
| Profit (loss) for the period before taxes | 9903 | €63,617 | €55,944 | -€7,673 | -12.1% |
| Income taxes | 67/77 | €17,597 | €15,662 | -€1,936 | -11.0% |
| Profit (loss) for the period | 9904 | €46,019 | €40,282 | -€5,737 | -12.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,019 | €40,282 | -€5,737 | -12.5% |
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 31 October 2026 via checked.be.