Dr. Jan Loos: 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 Loos
Largest movements
- Cash +€88,763
up €88,763 (+107%), from €82,624 to €171,388
mainly Net result for the year (+€152,312) and Other debts (+€88,312)
- Receivables within one year +€20,918
up €20,918 (+452%), from €4,626 to €25,544
- Tangible fixed assets -€19,970
down €19,970 (-33.5%), from €59,632 to €39,662
of which Furniture and vehicles: -€18,609
- Current investments -€9,759
down €9,759 (-54.2%), from €17,999 to €8,240
- Other debts +€88,312
up €88,312 (+138%), from €64,000 to €152,312
- Debts after one year -€15,133
down €15,133 (-40.2%), from €37,676 to €22,543
- Tax, wage and social debts +€6,188
up €6,188 (+54.4%), from €11,386 to €17,575
of which Taxes: +€6,188
- Gross operating margin +€67,758
up €67,758 (+43.5%), from €155,652 to €223,411
- Taxes +€16,791
up €16,791 (+53.8%), from €31,236 to €48,028
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 | €164,882 | €247,294 | +€82,412 | +50.0% |
| Fixed assets | 21/28 | €59,632 | €39,662 | -€19,970 | -33.5% |
| Tangible fixed assets | 22/27 | €59,632 | €39,662 | -€19,970 | -33.5% |
| Plant, machinery and equipment | 23 | €1,789 | €1,102 | -€687 | -38.4% |
| Furniture and vehicles | 24 | €53,110 | €34,501 | -€18,609 | -35.0% |
| Other tangible fixed assets | 26 | €4,732 | €4,059 | -€674 | -14.2% |
| Current assets | 29/58 | €105,250 | €207,632 | +€102,382 | +97.3% |
| Amounts receivable within one year | 40/41 | €4,626 | €25,544 | +€20,918 | +452% |
| Other amounts receivable | 41 | €4,626 | €25,544 | +€20,918 | +452% |
| Current investments | 50/53 | €17,999 | €8,240 | -€9,759 | -54.2% |
| Cash at bank and in hand | 54/58 | €82,624 | €171,388 | +€88,763 | +107% |
| Deferred charges and accrued income | 490/1 | - | €2,460 | +€2,460 | |
| Total equity and liabilities | 10/49 | €164,882 | €247,294 | +€82,412 | +50.0% |
| Equity | 10/15 | €36,761 | €36,761 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €34,761 | €34,761 | = | 0.0% |
| Distributable reserves | 133 | €34,761 | €34,761 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €128,121 | €210,533 | +€82,412 | +64.3% |
| Amounts payable after more than one year | 17 | €37,676 | €22,543 | -€15,133 | -40.2% |
| Financial debts | 170/4 | €37,676 | €22,543 | -€15,133 | -40.2% |
| Amounts payable within one year | 42/48 | €90,445 | €187,990 | +€97,546 | +108% |
| Current portion of amounts payable after more than one year | 42 | €14,518 | €15,133 | +€615 | +4.2% |
| Trade debts | 44 | €540 | €2,970 | +€2,430 | +450% |
| Suppliers | 440/4 | €540 | €2,970 | +€2,430 | +450% |
| Taxes, remuneration and social security | 45 | €11,386 | €17,575 | +€6,188 | +54.4% |
| Taxes | 450/3 | €8,986 | €15,175 | +€6,188 | +68.9% |
| Remuneration and social security | 454/9 | €2,400 | €2,400 | = | 0.0% |
| Other amounts payable | 47/48 | €64,000 | €152,312 | +€88,312 | +138% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,279 | €21,101 | -€1,178 | -5.3% |
| Other operating charges | 640/8 | €418 | €707 | +€289 | +69.0% |
| Gross operating margin | 9900 | €155,652 | €223,411 | +€67,758 | +43.5% |
| Operating profit (loss) | 9901 | €132,955 | €201,603 | +€68,648 | +51.6% |
| Financial income | 75/76B | €140 | €825 | +€685 | +488% |
| Recurring financial income | 75 | €140 | €825 | +€685 | +488% |
| Financial charges | 65/66B | €3,098 | €2,088 | -€1,011 | -32.6% |
| Recurring financial charges | 65 | €3,098 | €2,088 | -€1,011 | -32.6% |
| Profit (loss) for the period before taxes | 9903 | €129,997 | €200,340 | +€70,343 | +54.1% |
| Income taxes | 67/77 | €31,236 | €48,028 | +€16,791 | +53.8% |
| Profit (loss) for the period | 9904 | €98,761 | €152,312 | +€53,551 | +54.2% |
| Profit (loss) for the period to be appropriated | 9905 | €98,761 | €152,312 | +€53,551 | +54.2% |
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 28 October 2026 via checked.be.