BJORN JANSSEUNE: 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.
BJORN JANSSEUNE
Largest movements
- Current investments +€100,000
new in 2025: €100,000
- Cash -€42,307
down €42,307 (-47.7%), from €88,778 to €46,472
mainly Current investments (-€100,000) and Investment in fixed assets (net) (-€36,931)
- Receivables within one year -€17,344
down €17,344 (-31.0%), from €55,872 to €38,527
of which Other amounts receivable: -€11,359
- Tangible fixed assets +€10,596
up €10,596 (+10.3%), from €102,649 to €113,245
of which Furniture and vehicles: +€19,804
- Reserves +€19,995
up €19,995 (+9.3%), from €216,113 to €236,108
of which Distributable reserves: +€19,995
- Other debts +€10,750
up €10,750 (+32.2%), from €33,387 to €44,136
- Debts after one year +€8,945
up €8,945 (+435%), from €2,055 to €11,000
of which Other amounts payable: +€11,000
- Trade debts +€8,594
up €8,594 (+90.5%), from €9,498 to €18,092
- Tax, wage and social debts +€4,144
up €4,144 (+130%), from €3,195 to €7,339
- Gross operating margin +€17,405
up €17,405 (+22.1%), from €78,744 to €96,149
- Depreciation +€9,202
up €9,202 (+53.7%), from €17,133 to €26,336
- Taxes +€3,326
up €3,326 (+21.8%), from €15,277 to €18,603
- Other operating charges -€1,986
down €1,986 (-60.6%), from €3,279 to €1,293
- Financial income +€1,199
up €1,199 (+76.1%), from €1,576 to €2,776
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 | €268,245 | €321,331 | +€53,086 | +19.8% |
| Fixed assets | 21/28 | €105,649 | €116,245 | +€10,596 | +10.0% |
| Tangible fixed assets | 22/27 | €102,649 | €113,245 | +€10,596 | +10.3% |
| Plant, machinery and equipment | 23 | €70,526 | €61,317 | -€9,209 | -13.1% |
| Furniture and vehicles | 24 | €32,124 | €51,928 | +€19,804 | +61.7% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €162,595 | €205,086 | +€42,491 | +26.1% |
| Stocks and contracts in progress | 3 | €15,837 | €17,957 | +€2,120 | +13.4% |
| Stocks | 30/36 | €15,837 | €17,957 | +€2,120 | +13.4% |
| Amounts receivable within one year | 40/41 | €55,872 | €38,527 | -€17,344 | -31.0% |
| Trade receivables | 40 | €40,334 | €34,349 | -€5,985 | -14.8% |
| Other amounts receivable | 41 | €15,537 | €4,178 | -€11,359 | -73.1% |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €88,778 | €46,472 | -€42,307 | -47.7% |
| Deferred charges and accrued income | 490/1 | €2,109 | €2,131 | +€22 | +1.0% |
| Total equity and liabilities | 10/49 | €268,245 | €321,331 | +€53,086 | +19.8% |
| Equity | 10/15 | €216,713 | €236,708 | +€19,995 | +9.2% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €216,113 | €236,108 | +€19,995 | +9.3% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €197,363 | €217,358 | +€19,995 | +10.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €51,532 | €84,623 | +€33,092 | +64.2% |
| Amounts payable after more than one year | 17 | €2,055 | €11,000 | +€8,945 | +435% |
| Financial debts | 170/4 | €2,055 | €0 | -€2,055 | -100% |
| Other amounts payable | 178/9 | - | €11,000 | +€11,000 | |
| Amounts payable within one year | 42/48 | €49,476 | €71,623 | +€22,147 | +44.8% |
| Current portion of amounts payable after more than one year | 42 | €3,397 | €2,055 | -€1,341 | -39.5% |
| Trade debts | 44 | €9,498 | €18,092 | +€8,594 | +90.5% |
| Suppliers | 440/4 | €9,498 | €18,092 | +€8,594 | +90.5% |
| Taxes, remuneration and social security | 45 | €3,195 | €7,339 | +€4,144 | +130% |
| Taxes | 450/3 | €3,195 | €7,339 | +€4,144 | +130% |
| Other amounts payable | 47/48 | €33,387 | €44,136 | +€10,750 | +32.2% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,133 | €26,336 | +€9,202 | +53.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €315 | €0 | -€315 | -100% |
| Other operating charges | 640/8 | €3,279 | €1,293 | -€1,986 | -60.6% |
| Non-recurring operating charges | 66A | €4,058 | €0 | -€4,058 | -100% |
| Gross operating margin | 9900 | €78,744 | €96,149 | +€17,405 | +22.1% |
| Operating profit (loss) | 9901 | €53,959 | €68,520 | +€14,561 | +27.0% |
| Financial income | 75/76B | €1,576 | €2,776 | +€1,199 | +76.1% |
| Recurring financial income | 75 | €1,576 | €2,776 | +€1,199 | +76.1% |
| Financial charges | 65/66B | €700 | €562 | -€139 | -19.8% |
| Recurring financial charges | 65 | €700 | €562 | -€139 | -19.8% |
| Profit (loss) for the period before taxes | 9903 | €54,835 | €70,734 | +€15,899 | +29.0% |
| Income taxes | 67/77 | €15,277 | €18,603 | +€3,326 | +21.8% |
| Profit (loss) for the period | 9904 | €39,558 | €52,131 | +€12,573 | +31.8% |
| Profit (loss) for the period to be appropriated | 9905 | €39,558 | €52,131 | +€12,573 | +31.8% |
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 1 November 2026 via checked.be.