DR JAN BEHETS: 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 JAN BEHETS
Largest movements
- Current investments +€74,305
new in 2025: €74,305
- Tangible fixed assets +€56,965
new in 2025: €56,965
of which Furniture and vehicles: +€40,721
- Cash +€34,946
up €34,946 (+349%), from €10,027 to €44,973
mainly Net result for the year (+€66,134) and Other debts (+€46,026)
- Receivables within one year -€32,993
down €32,993 (-89.6%), from €36,834 to €3,841
- Reserves +€65,275
up €65,275 (+148%), from €43,964 to €109,240
- Other debts +€46,026
new in 2025: €46,026
- Trade debts +€17,349
up €17,349 (+3,262%), from €532 to €17,881
- Tax, wage and social debts +€3,067
up €3,067 (+143%), from €2,145 to €5,212
- Accrued charges and deferred income +€2,476
up €2,476 (+2,254%), from €110 to €2,586
- Gross operating margin +€40,363
up €40,363 (+61.1%), from €66,073 to €106,436
- Taxes +€10,946
up €10,946 (+49.4%), from €22,145 to €33,091
- Depreciation +€3,404
new in 2025: €3,404
- Financial charges +€3,003
up €3,003 (+7,063%), from €43 to €3,045
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 | €49,751 | €183,944 | +€134,193 | +270% |
| Fixed assets | 21/28 | - | €56,965 | +€56,965 | |
| Tangible fixed assets | 22/27 | - | €56,965 | +€56,965 | |
| Plant, machinery and equipment | 23 | - | €16,243 | +€16,243 | |
| Furniture and vehicles | 24 | - | €40,721 | +€40,721 | |
| Current assets | 29/58 | €49,751 | €126,980 | +€77,228 | +155% |
| Amounts receivable within one year | 40/41 | €36,834 | €3,841 | -€32,993 | -89.6% |
| Other amounts receivable | 41 | €36,834 | €3,841 | -€32,993 | -89.6% |
| Current investments | 50/53 | - | €74,305 | +€74,305 | |
| Cash at bank and in hand | 54/58 | €10,027 | €44,973 | +€34,946 | +349% |
| Deferred charges and accrued income | 490/1 | €2,890 | €3,861 | +€970 | +33.6% |
| Total equity and liabilities | 10/49 | €49,751 | €183,944 | +€134,193 | +270% |
| Equity | 10/15 | €46,964 | €112,240 | +€65,275 | +139% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €43,964 | €109,240 | +€65,275 | +148% |
| Distributable reserves | 133 | €43,964 | €109,240 | +€65,275 | +148% |
| Amounts payable | 17/49 | €2,787 | €71,705 | +€68,918 | +2,473% |
| Amounts payable within one year | 42/48 | €2,677 | €69,119 | +€66,442 | +2,482% |
| Trade debts | 44 | €532 | €17,881 | +€17,349 | +3,262% |
| Suppliers | 440/4 | €532 | €17,881 | +€17,349 | +3,262% |
| Taxes, remuneration and social security | 45 | €2,145 | €5,212 | +€3,067 | +143% |
| Taxes | 450/3 | €2,145 | €5,212 | +€3,067 | +143% |
| Other amounts payable | 47/48 | - | €46,026 | +€46,026 | |
| Accrued charges and deferred income | 492/3 | €110 | €2,586 | +€2,476 | +2,254% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,404 | +€3,404 | |
| Other operating charges | 640/8 | €765 | €865 | +€100 | +13.1% |
| Gross operating margin | 9900 | €66,073 | €106,436 | +€40,363 | +61.1% |
| Operating profit (loss) | 9901 | €65,308 | €102,167 | +€36,858 | +56.4% |
| Financial income | 75/76B | €844 | €103 | -€740 | -87.8% |
| Recurring financial income | 75 | €844 | €103 | -€740 | -87.8% |
| Financial charges | 65/66B | €43 | €3,045 | +€3,003 | +7,063% |
| Recurring financial charges | 65 | €43 | €3,045 | +€3,003 | +7,063% |
| Profit (loss) for the period before taxes | 9903 | €66,110 | €99,225 | +€33,115 | +50.1% |
| Income taxes | 67/77 | €22,145 | €33,091 | +€10,946 | +49.4% |
| Profit (loss) for the period | 9904 | €43,964 | €66,134 | +€22,170 | +50.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,964 | €66,134 | +€22,170 | +50.4% |
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 20 October 2026 via checked.be.