Dr. Goedele 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. Goedele Jacobs
Largest movements
- Cash +€19,944
up €19,944 (+54.6%), from €36,533 to €56,477
mainly Net result for the year (+€22,885) and Deferred charges and accrued income (+€12,745)
- Receivables within one year +€13,000
new in 2025: €13,000
- Deferred charges and accrued income -€12,745
down €12,745 (-30.4%), from €41,985 to €29,239
- Tangible fixed assets -€6,436
down €6,436 (-22.9%), from €28,121 to €21,685
of which Furniture and vehicles: -€6,137
- Reserves +€21,219
up €21,219 (+30.0%), from €70,708 to €91,927
- Other debts -€8,048
down €8,048 (-32.3%), from €24,953 to €16,905
- Trade debts +€2,485
up €2,485 (+110%), from €2,261 to €4,746
- Tax, wage and social debts -€1,893
down €1,893 (-40.1%), from €4,716 to €2,823
- Gross operating margin -€23,085
down €23,085 (-37.5%), from €61,504 to €38,419
- Taxes -€7,515
down €7,515 (-51.1%), from €14,716 to €7,201
- Other operating charges -€3,174
down €3,174 (-85.9%), from €3,693 to €520
- Depreciation +€2,378
up €2,378 (+58.6%), from €4,058 to €6,436
- Financial charges +€1,329
up €1,329 (+2,657%), from €50 to €1,379
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 | €106,638 | €120,401 | +€13,762 | +12.9% |
| Fixed assets | 21/28 | €28,121 | €21,685 | -€6,436 | -22.9% |
| Tangible fixed assets | 22/27 | €28,121 | €21,685 | -€6,436 | -22.9% |
| Plant, machinery and equipment | 23 | €1,253 | €954 | -€299 | -23.9% |
| Furniture and vehicles | 24 | €26,868 | €20,731 | -€6,137 | -22.8% |
| Current assets | 29/58 | €78,517 | €98,716 | +€20,198 | +25.7% |
| Amounts receivable within one year | 40/41 | - | €13,000 | +€13,000 | |
| Other amounts receivable | 41 | - | €13,000 | +€13,000 | |
| Cash at bank and in hand | 54/58 | €36,533 | €56,477 | +€19,944 | +54.6% |
| Deferred charges and accrued income | 490/1 | €41,985 | €29,239 | -€12,745 | -30.4% |
| Total equity and liabilities | 10/49 | €106,638 | €120,401 | +€13,762 | +12.9% |
| Equity | 10/15 | €74,708 | €95,927 | +€21,219 | +28.4% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €70,708 | €91,927 | +€21,219 | +30.0% |
| Distributable reserves | 133 | €70,708 | €91,927 | +€21,219 | +30.0% |
| Amounts payable | 17/49 | €31,930 | €24,474 | -€7,456 | -23.4% |
| Amounts payable within one year | 42/48 | €31,930 | €24,474 | -€7,456 | -23.4% |
| Trade debts | 44 | €2,261 | €4,746 | +€2,485 | +110% |
| Suppliers | 440/4 | €2,261 | €4,746 | +€2,485 | +110% |
| Taxes, remuneration and social security | 45 | €4,716 | €2,823 | -€1,893 | -40.1% |
| Taxes | 450/3 | €4,716 | €2,823 | -€1,893 | -40.1% |
| Other amounts payable | 47/48 | €24,953 | €16,905 | -€8,048 | -32.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,058 | €6,436 | +€2,378 | +58.6% |
| Other operating charges | 640/8 | €3,693 | €520 | -€3,174 | -85.9% |
| Gross operating margin | 9900 | €61,504 | €38,419 | -€23,085 | -37.5% |
| Operating profit (loss) | 9901 | €53,753 | €31,464 | -€22,289 | -41.5% |
| Financial income | 75/76B | €4 | €0 | -€4 | -99.7% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -99.7% |
| Financial charges | 65/66B | €50 | €1,379 | +€1,329 | +2,657% |
| Recurring financial charges | 65 | €50 | €1,379 | +€1,329 | +2,657% |
| Profit (loss) for the period before taxes | 9903 | €53,706 | €30,085 | -€23,621 | -44.0% |
| Income taxes | 67/77 | €14,716 | €7,201 | -€7,515 | -51.1% |
| Profit (loss) for the period | 9904 | €38,990 | €22,885 | -€16,106 | -41.3% |
| Profit (loss) for the period to be appropriated | 9905 | €38,990 | €22,885 | -€16,106 | -41.3% |
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 25 October 2026 via checked.be.