DR. JAN DAEMS: 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 DAEMS
Largest movements
- Cash +€110,883
up €110,883 (+172%), from €64,397 to €175,280
mainly Net result for the year (+€138,214) and Current investments (+€55,331)
- Current investments -€55,331
down €55,331 (-8.7%), from €636,831 to €581,500
- Receivables within one year -€54,934
down €54,934 (-93.7%), from €58,597 to €3,662
of which Other amounts receivable: -€56,021
- Other debts +€12,276
up €12,276, from €0 to €12,276
- Reserves -€10,941
down €10,941 (-1.5%), from €722,859 to €711,918
of which Distributable reserves: -€10,941
- Gross operating margin +€22,176
up €22,176 (+11.8%), from €187,703 to €209,880
- Taxes +€13,537
up €13,537 (+22.3%), from €60,780 to €74,317
- Financial income -€12,144
down €12,144 (-72.3%), from €16,798 to €4,654
of which Financial income: -€12,813
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 | €762,751 | €761,865 | -€886 | -0.1% |
| Fixed assets | 21/28 | €1,147 | €390 | -€757 | -66.0% |
| Tangible fixed assets | 22/27 | €1,147 | €390 | -€757 | -66.0% |
| Furniture and vehicles | 24 | €1,147 | €390 | -€757 | -66.0% |
| Current assets | 29/58 | €761,604 | €761,475 | -€129 | 0.0% |
| Amounts receivable within one year | 40/41 | €58,597 | €3,662 | -€54,934 | -93.7% |
| Trade receivables | 40 | - | €1,087 | +€1,087 | |
| Other amounts receivable | 41 | €58,597 | €2,575 | -€56,021 | -95.6% |
| Current investments | 50/53 | €636,831 | €581,500 | -€55,331 | -8.7% |
| Cash at bank and in hand | 54/58 | €64,397 | €175,280 | +€110,883 | +172% |
| Deferred charges and accrued income | 490/1 | €1,779 | €1,033 | -€746 | -41.9% |
| Total equity and liabilities | 10/49 | €762,751 | €761,865 | -€886 | -0.1% |
| Equity | 10/15 | €738,589 | €727,648 | -€10,941 | -1.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €722,859 | €711,918 | -€10,941 | -1.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €720,999 | €710,058 | -€10,941 | -1.5% |
| Profit (loss) carried forward | 14 | €3,330 | €3,330 | = | 0.0% |
| Amounts payable | 17/49 | €24,162 | €34,217 | +€10,055 | +41.6% |
| Amounts payable within one year | 42/48 | €24,162 | €34,217 | +€10,055 | +41.6% |
| Trade debts | 44 | €2,521 | €3,060 | +€539 | +21.4% |
| Suppliers | 440/4 | €2,521 | €3,060 | +€539 | +21.4% |
| Taxes, remuneration and social security | 45 | €21,640 | €18,880 | -€2,760 | -12.8% |
| Taxes | 450/3 | €21,640 | €18,535 | -€3,105 | -14.3% |
| Remuneration and social security | 454/9 | - | €345 | +€345 | |
| Other amounts payable | 47/48 | €0 | €12,276 | +€12,276 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €825 | €757 | -€67 | -8.2% |
| Other operating charges | 640/8 | €1,415 | €1,176 | -€239 | -16.9% |
| Gross operating margin | 9900 | €187,703 | €209,880 | +€22,176 | +11.8% |
| Operating profit (loss) | 9901 | €185,464 | €207,946 | +€22,482 | +12.1% |
| Financial income | 75/76B | €16,798 | €4,654 | -€12,144 | -72.3% |
| Recurring financial income | 75 | €16,798 | €3,985 | -€12,813 | -76.3% |
| Non-recurring financial income | 76B | - | €669 | +€669 | |
| Financial charges | 65/66B | €1,340 | €70 | -€1,270 | -94.8% |
| Recurring financial charges | 65 | €46 | €70 | +€24 | +53.6% |
| Non-recurring financial charges | 66B | €1,294 | €0 | -€1,294 | -100% |
| Profit (loss) for the period before taxes | 9903 | €200,922 | €212,530 | +€11,608 | +5.8% |
| Income taxes | 67/77 | €60,780 | €74,317 | +€13,537 | +22.3% |
| Profit (loss) for the period | 9904 | €140,142 | €138,214 | -€1,929 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €140,142 | €138,214 | -€1,929 | -1.4% |
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 14 October 2026 via checked.be.