Dr. Anthony Jacobs: 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.
Dr. Anthony Jacobs
Largest movements
- Cash +€22,599
up €22,599 (+9.7%), from €233,952 to €256,551
mainly Net result for the year (+€226,399) and Other debts (+€41,961)
- Tangible fixed assets +€12,444
new in 2025: €12,444
- Other debts +€41,961
up €41,961 (+23.8%), from €176,009 to €217,970
- Reserves -€19,634
down €19,634 (-100.0%), from €19,634 to €0
- Tax, wage and social debts +€9,868
up €9,868 (+27.6%), from €35,720 to €45,588
- Trade debts +€2,847
up €2,847 (+3180.0%), from €90 to €2,936
- Gross operating margin +€14,647
up €14,647 (+5.2%), from €281,457 to €296,104
- Taxes +€3,841
up €3,841 (+5.9%), from €65,195 to €69,037
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.
Cash bridge derived
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 | €233,952 | €268,995 | +€35,043 | +15.0% |
| Fixed assets | 21/28 | - | €12,444 | +€12,444 | |
| Tangible fixed assets | 22/27 | - | €12,444 | +€12,444 | |
| Land and buildings | 22 | - | €12,444 | +€12,444 | |
| Current assets | 29/58 | €233,952 | €256,551 | +€22,599 | +9.7% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €233,952 | €256,551 | +€22,599 | +9.7% |
| Total equity and liabilities | 10/49 | €233,952 | €268,995 | +€35,043 | +15.0% |
| Equity | 10/15 | €22,134 | €2,500 | -€19,634 | -88.7% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €19,634 | €0 | -€19,634 | -100.0% |
| Distributable reserves | 133 | €19,634 | €0 | -€19,634 | -100.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €211,818 | €266,495 | +€54,676 | +25.8% |
| Amounts payable within one year | 42/48 | €211,818 | €266,495 | +€54,676 | +25.8% |
| Trade debts | 44 | €90 | €2,936 | +€2,847 | +3180.0% |
| Suppliers | 440/4 | €90 | €2,936 | +€2,847 | +3180.0% |
| Taxes, remuneration and social security | 45 | €35,720 | €45,588 | +€9,868 | +27.6% |
| Taxes | 450/3 | €35,720 | €45,588 | +€9,868 | +27.6% |
| Other amounts payable | 47/48 | €176,009 | €217,970 | +€41,961 | +23.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €119 | +€119 | |
| Other operating charges | 640/8 | €619 | €685 | +€66 | +10.7% |
| Gross operating margin | 9900 | €281,457 | €296,104 | +€14,647 | +5.2% |
| Operating profit (loss) | 9901 | €280,838 | €295,300 | +€14,461 | +5.1% |
| Financial income | 75/76B | €84 | €1,345 | +€1,261 | +1499.5% |
| Recurring financial income | 75 | €84 | €1,345 | +€1,261 | +1499.5% |
| Financial charges | 65/66B | €1,290 | €1,209 | -€81 | -6.3% |
| Recurring financial charges | 65 | €1,290 | €1,209 | -€81 | -6.3% |
| Profit (loss) for the period before taxes | 9903 | €279,632 | €295,435 | +€15,803 | +5.7% |
| Income taxes | 67/77 | €65,195 | €69,037 | +€3,841 | +5.9% |
| Profit (loss) for the period | 9904 | €214,437 | €226,399 | +€11,962 | +5.6% |
| Profit (loss) for the period to be appropriated | 9905 | €214,437 | €226,399 | +€11,962 | +5.6% |
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 9 October 2026 via checked.be.