DR. JAN BERX: 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 BERX
Largest movements
- Cash -€55,252
down €55,252 (-61.9%), from €89,292 to €34,040
mainly Contributions, distributions and other (-€255,793) and Current investments (-€9,876)
- Current investments +€9,876
up €9,876 (+17.9%), from €55,125 to €65,000
- Receivables within one year -€8,983
down €8,983 (-10.2%), from €88,464 to €79,481
of which Trade receivables: -€7,050
- Reserves -€156,811
down €156,811 (-68.3%), from €229,474 to €72,663
- Other debts +€101,613
up €101,613, from €0 to €101,613
- Gross operating margin +€33,090
up €33,090 (+34.5%), from €96,014 to €129,105
- Taxes +€7,293
up €7,293 (+37.3%), from €19,551 to €26,844
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 | €239,230 | €183,292 | -€55,938 | -23.4% |
| Fixed assets | 21/28 | €4,845 | €4,278 | -€567 | -11.7% |
| Tangible fixed assets | 22/27 | €4,845 | €4,278 | -€567 | -11.7% |
| Plant, machinery and equipment | 23 | €2,638 | €1,741 | -€896 | -34.0% |
| Furniture and vehicles | 24 | €2,207 | €2,536 | +€329 | +14.9% |
| Current assets | 29/58 | €234,385 | €179,015 | -€55,371 | -23.6% |
| Amounts receivable within one year | 40/41 | €88,464 | €79,481 | -€8,983 | -10.2% |
| Trade receivables | 40 | €72,647 | €65,598 | -€7,050 | -9.7% |
| Other amounts receivable | 41 | €15,817 | €13,884 | -€1,933 | -12.2% |
| Current investments | 50/53 | €55,125 | €65,000 | +€9,876 | +17.9% |
| Cash at bank and in hand | 54/58 | €89,292 | €34,040 | -€55,252 | -61.9% |
| Deferred charges and accrued income | 490/1 | €1,505 | €494 | -€1,011 | -67.2% |
| Total equity and liabilities | 10/49 | €239,230 | €183,292 | -€55,938 | -23.4% |
| Equity | 10/15 | €234,474 | €77,663 | -€156,811 | -66.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €229,474 | €72,663 | -€156,811 | -68.3% |
| Distributable reserves | 133 | €229,474 | €72,663 | -€156,811 | -68.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €4,757 | €105,629 | +€100,873 | +2,121% |
| Amounts payable within one year | 42/48 | €4,757 | €105,629 | +€100,873 | +2,121% |
| Trade debts | 44 | €2,052 | €1,092 | -€960 | -46.8% |
| Suppliers | 440/4 | €2,052 | €1,092 | -€960 | -46.8% |
| Taxes, remuneration and social security | 45 | €2,705 | €2,925 | +€220 | +8.1% |
| Taxes | 450/3 | €2,705 | €2,925 | +€220 | +8.1% |
| Other amounts payable | 47/48 | €0 | €101,613 | +€101,613 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,037 | €1,894 | +€858 | +82.7% |
| Other operating charges | 640/8 | €920 | €672 | -€249 | -27.0% |
| Gross operating margin | 9900 | €96,014 | €129,105 | +€33,090 | +34.5% |
| Operating profit (loss) | 9901 | €94,057 | €126,539 | +€32,481 | +34.5% |
| Financial income | 75/76B | €946 | €143 | -€803 | -84.9% |
| Recurring financial income | 75 | €946 | €143 | -€803 | -84.9% |
| Financial charges | 65/66B | €1,421 | €855 | -€566 | -39.8% |
| Recurring financial charges | 65 | €1,421 | €855 | -€566 | -39.8% |
| Profit (loss) for the period before taxes | 9903 | €93,583 | €125,826 | +€32,243 | +34.5% |
| Income taxes | 67/77 | €19,551 | €26,844 | +€7,293 | +37.3% |
| Profit (loss) for the period | 9904 | €74,032 | €98,982 | +€24,950 | +33.7% |
| Profit (loss) for the period to be appropriated | 9905 | €74,032 | €98,982 | +€24,950 | +33.7% |
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 19 October 2026 via checked.be.