Dr Boris 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 Boris Jacobs
Largest movements
- Cash +€17,053
up €17,053 (+48.5%), from €35,188 to €52,241
mainly Depreciation (+€30,291) and Net result for the year (+€19,268)
- Intangible fixed assets -€15,000
down €15,000 (-12.9%), from €116,055 to €101,055
- Tangible fixed assets -€14,391
down €14,391 (-66.7%), from €21,588 to €7,197
- Deferred charges and accrued income +€12,461
up €12,461 (+603.3%), from €2,065 to €14,526
- Receivables within one year -€4,794
down €4,794 (-70.1%), from €6,842 to €2,048
of which Other amounts receivable: -€6,842
- Other debts -€22,515
down €22,515 (-24.4%), from €92,150 to €69,635
- Profit (loss) carried forward +€19,268
up €19,268 (+38.4%), from €50,186 to €69,453
- Debts after one year -€8,775
down €8,775 (-40.2%), from €21,808 to €13,033
- Trade debts +€5,699
up €5,699 (+3211.4%), from €177 to €5,877
- Gross operating margin +€9,778
up €9,778 (+19.7%), from €49,522 to €59,299
- Taxes +€2,686
up €2,686 (+85.1%), from €3,158 to €5,845
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 | €181,789 | €177,118 | -€4,671 | -2.6% |
| Fixed assets | 21/28 | €137,694 | €108,304 | -€29,391 | -21.3% |
| Intangible fixed assets | 21 | €116,055 | €101,055 | -€15,000 | -12.9% |
| Tangible fixed assets | 22/27 | €21,588 | €7,197 | -€14,391 | -66.7% |
| Furniture and vehicles | 24 | €21,588 | €7,197 | -€14,391 | -66.7% |
| Financial fixed assets | 28 | €52 | €52 | = | 0.0% |
| Current assets | 29/58 | €44,094 | €68,814 | +€24,720 | +56.1% |
| Amounts receivable within one year | 40/41 | €6,842 | €2,048 | -€4,794 | -70.1% |
| Trade receivables | 40 | €0 | €2,048 | +€2,048 | |
| Other amounts receivable | 41 | €6,842 | €0 | -€6,842 | -100.0% |
| Cash at bank and in hand | 54/58 | €35,188 | €52,241 | +€17,053 | +48.5% |
| Deferred charges and accrued income | 490/1 | €2,065 | €14,526 | +€12,461 | +603.3% |
| Total equity and liabilities | 10/49 | €181,789 | €177,118 | -€4,671 | -2.6% |
| Equity | 10/15 | €55,186 | €74,453 | +€19,268 | +34.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,186 | €69,453 | +€19,268 | +38.4% |
| Amounts payable | 17/49 | €126,603 | €102,665 | -€23,938 | -18.9% |
| Amounts payable after more than one year | 17 | €21,808 | €13,033 | -€8,775 | -40.2% |
| Financial debts | 170/4 | €21,808 | €13,033 | -€8,775 | -40.2% |
| Amounts payable within one year | 42/48 | €104,795 | €89,631 | -€15,163 | -14.5% |
| Current portion of amounts payable after more than one year | 42 | €8,438 | €8,775 | +€337 | +4.0% |
| Trade debts | 44 | €177 | €5,877 | +€5,699 | +3211.4% |
| Suppliers | 440/4 | €177 | €5,877 | +€5,699 | +3211.4% |
| Taxes, remuneration and social security | 45 | €4,030 | €5,345 | +€1,315 | +32.6% |
| Taxes | 450/3 | €4,030 | €5,345 | +€1,315 | +32.6% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €92,150 | €69,635 | -€22,515 | -24.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,027 | €30,291 | +€264 | +0.9% |
| Other operating charges | 640/8 | €245 | €576 | +€330 | +134.7% |
| Gross operating margin | 9900 | €49,522 | €59,299 | +€9,778 | +19.7% |
| Operating profit (loss) | 9901 | €19,250 | €28,433 | +€9,183 | +47.7% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €3,651 | €3,321 | -€330 | -9.0% |
| Recurring financial charges | 65 | €3,651 | €3,321 | -€330 | -9.0% |
| Profit (loss) for the period before taxes | 9903 | €15,599 | €25,113 | +€9,513 | +61.0% |
| Income taxes | 67/77 | €3,158 | €5,845 | +€2,686 | +85.1% |
| Profit (loss) for the period | 9904 | €12,441 | €19,268 | +€6,827 | +54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €12,441 | €19,268 | +€6,827 | +54.9% |
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 12 October 2026 via checked.be.