Bert Janssens: 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.
Bert Janssens
Largest movements
- Cash +€25,121
up €25,121 (+29.7%), from €84,486 to €109,608
mainly Net result for the year (+€29,685) and Other debts (+€20,394)
- Current investments +€12,228
up €12,228 (+54.7%), from €22,343 to €34,570
- Receivables within one year -€4,633
down €4,633 (-19.1%), from €24,286 to €19,654
of which Other amounts receivable: -€4,921
- Other debts +€20,394
up €20,394 (+198%), from €10,319 to €30,713
- Tax, wage and social debts +€7,756
up €7,756 (+50.1%), from €15,474 to €23,229
- Reserves +€4,314
up €4,314 (+4.0%), from €107,813 to €112,127
- Gross operating margin +€9,204
up €9,204 (+23.9%), from €38,583 to €47,787
- Taxes +€2,419
up €2,419 (+23.4%), from €10,330 to €12,749
- Financial charges +€846
up €846 (+260%), from €325 to €1,171
- Depreciation +€612
up €612 (+21.3%), from €2,872 to €3,484
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 | €140,290 | €172,918 | +€32,628 | +23.3% |
| Fixed assets | 21/28 | €8,614 | €8,415 | -€198 | -2.3% |
| Tangible fixed assets | 22/27 | €8,614 | €8,415 | -€198 | -2.3% |
| Plant, machinery and equipment | 23 | €366 | €638 | +€272 | +74.3% |
| Furniture and vehicles | 24 | €8,247 | €7,777 | -€470 | -5.7% |
| Current assets | 29/58 | €131,676 | €164,502 | +€32,826 | +24.9% |
| Amounts receivable within one year | 40/41 | €24,286 | €19,654 | -€4,633 | -19.1% |
| Trade receivables | 40 | €19,365 | €19,654 | +€289 | +1.5% |
| Other amounts receivable | 41 | €4,921 | - | -€4,921 | |
| Current investments | 50/53 | €22,343 | €34,570 | +€12,228 | +54.7% |
| Cash at bank and in hand | 54/58 | €84,486 | €109,608 | +€25,121 | +29.7% |
| Deferred charges and accrued income | 490/1 | €561 | €670 | +€109 | +19.5% |
| Total equity and liabilities | 10/49 | €140,290 | €172,918 | +€32,628 | +23.3% |
| Equity | 10/15 | €114,013 | €118,327 | +€4,314 | +3.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €107,813 | €112,127 | +€4,314 | +4.0% |
| Distributable reserves | 133 | €107,813 | €112,127 | +€4,314 | +4.0% |
| Amounts payable | 17/49 | €26,277 | €54,591 | +€28,314 | +108% |
| Amounts payable within one year | 42/48 | €26,277 | €54,591 | +€28,314 | +108% |
| Trade debts | 44 | €483 | €648 | +€165 | +34.1% |
| Suppliers | 440/4 | €483 | €648 | +€165 | +34.1% |
| Taxes, remuneration and social security | 45 | €15,474 | €23,229 | +€7,756 | +50.1% |
| Taxes | 450/3 | €15,474 | €23,229 | +€7,756 | +50.1% |
| Other amounts payable | 47/48 | €10,319 | €30,713 | +€20,394 | +198% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,872 | €3,484 | +€612 | +21.3% |
| Other operating charges | 640/8 | €892 | €895 | +€3 | +0.4% |
| Gross operating margin | 9900 | €38,583 | €47,787 | +€9,204 | +23.9% |
| Operating profit (loss) | 9901 | €34,819 | €43,407 | +€8,588 | +24.7% |
| Financial income | 75/76B | €630 | €198 | -€432 | -68.5% |
| Recurring financial income | 75 | €630 | €198 | -€432 | -68.5% |
| Financial charges | 65/66B | €325 | €1,171 | +€846 | +260% |
| Recurring financial charges | 65 | €325 | €1,171 | +€846 | +260% |
| Profit (loss) for the period before taxes | 9903 | €35,124 | €42,434 | +€7,311 | +20.8% |
| Income taxes | 67/77 | €10,330 | €12,749 | +€2,419 | +23.4% |
| Profit (loss) for the period | 9904 | €24,794 | €29,685 | +€4,892 | +19.7% |
| Profit (loss) for the period to be appropriated | 9905 | €24,794 | €29,685 | +€4,892 | +19.7% |
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 14 October 2026 via checked.be.