Dr. Dorien Jaspers: 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. Dorien Jaspers
Largest movements
- Cash -€51,543
down €51,543 (-40.4%), from €127,424 to €75,881
mainly Contributions, distributions and other (-€92,000) and Debts after one year (-€12,961)
- Deferred charges and accrued income -€17,763
down €17,763 (-66.1%), from €26,879 to €9,117
- Tangible fixed assets -€17,487
down €17,487 (-26.2%), from €66,829 to €49,342
of which Furniture and vehicles: -€12,961
- Receivables within one year +€12,901
up €12,901 (+72.5%), from €17,800 to €30,701
- Profit (loss) carried forward -€57,345
down €57,345 (-36.5%), from €157,029 to €99,684
- Debts after one year -€12,961
down €12,961 (-31.6%), from €41,043 to €28,082
- Tax, wage and social debts -€3,592
down €3,592 (-48.3%), from €7,434 to €3,841
- Gross operating margin -€47,114
down €47,114 (-41.7%), from €112,899 to €65,785
- Taxes -€6,850
down €6,850 (-36.4%), from €18,841 to €11,991
- Depreciation +€1,956
up €1,956 (+12.6%), from €15,531 to €17,487
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 | €238,932 | €165,041 | -€73,892 | -30.9% |
| Fixed assets | 21/28 | €66,829 | €49,342 | -€17,487 | -26.2% |
| Tangible fixed assets | 22/27 | €66,829 | €49,342 | -€17,487 | -26.2% |
| Land and buildings | 22 | €8,458 | €5,075 | -€3,383 | -40.0% |
| Plant, machinery and equipment | 23 | €4,898 | €3,755 | -€1,143 | -23.3% |
| Furniture and vehicles | 24 | €53,473 | €40,512 | -€12,961 | -24.2% |
| Current assets | 29/58 | €172,103 | €115,699 | -€56,405 | -32.8% |
| Amounts receivable within one year | 40/41 | €17,800 | €30,701 | +€12,901 | +72.5% |
| Other amounts receivable | 41 | €17,800 | €30,701 | +€12,901 | +72.5% |
| Cash at bank and in hand | 54/58 | €127,424 | €75,881 | -€51,543 | -40.4% |
| Deferred charges and accrued income | 490/1 | €26,879 | €9,117 | -€17,763 | -66.1% |
| Total equity and liabilities | 10/49 | €238,932 | €165,041 | -€73,892 | -30.9% |
| Equity | 10/15 | €177,489 | €120,144 | -€57,345 | -32.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €157,029 | €99,684 | -€57,345 | -36.5% |
| Amounts payable | 17/49 | €61,443 | €44,896 | -€16,547 | -26.9% |
| Amounts payable after more than one year | 17 | €41,043 | €28,082 | -€12,961 | -31.6% |
| Financial debts | 170/4 | €41,043 | €28,082 | -€12,961 | -31.6% |
| Amounts payable within one year | 42/48 | €20,400 | €16,814 | -€3,586 | -17.6% |
| Current portion of amounts payable after more than one year | 42 | €12,961 | €12,961 | = | 0.0% |
| Trade debts | 44 | €6 | €12 | +€6 | +115% |
| Suppliers | 440/4 | €6 | €12 | +€6 | +115% |
| Taxes, remuneration and social security | 45 | €7,434 | €3,841 | -€3,592 | -48.3% |
| Taxes | 450/3 | €7,434 | €3,841 | -€3,592 | -48.3% |
| Non-recurring operating income | 76A | €17,200 | - | -€17,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,531 | €17,487 | +€1,956 | +12.6% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €112,899 | €65,785 | -€47,114 | -41.7% |
| Operating profit (loss) | 9901 | €97,251 | €48,178 | -€49,073 | -50.5% |
| Financial charges | 65/66B | €1,527 | €1,531 | +€4 | +0.3% |
| Recurring financial charges | 65 | €1,527 | €1,531 | +€4 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €95,724 | €46,647 | -€49,077 | -51.3% |
| Income taxes | 67/77 | €18,841 | €11,991 | -€6,850 | -36.4% |
| Profit (loss) for the period | 9904 | €76,883 | €34,655 | -€42,227 | -54.9% |
| Profit (loss) for the period to be appropriated | 9905 | €76,883 | €34,655 | -€42,227 | -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 17 October 2026 via checked.be.