DR. JAN MIEVIS: 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 MIEVIS
Largest movements
- Receivables within one year +€178,428
up €178,428 (+39.7%), from €449,959 to €628,386
of which Trade receivables: +€175,304
- Intangible fixed assets -€45,000
down €45,000 (-18.5%), from €243,750 to €198,750
- Other debts +€193,671
up €193,671 (+52.5%), from €368,856 to €562,527
- Debts after one year -€65,070
down €65,070 (-66.6%), from €97,724 to €32,654
- Accrued charges and deferred income +€13,763
up €13,763 (+89.2%), from €15,428 to €29,191
- Gross operating margin +€15,087
up €15,087 (+4.4%), from €345,329 to €360,416
- Financial charges +€13,451
up €13,451 (+81.2%), from €16,566 to €30,017
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 | €965,947 | €1,101,000 | +€135,053 | +14.0% |
| Fixed assets | 21/28 | €255,241 | €207,276 | -€47,965 | -18.8% |
| Intangible fixed assets | 21 | €243,750 | €198,750 | -€45,000 | -18.5% |
| Tangible fixed assets | 22/27 | €9,491 | €6,526 | -€2,965 | -31.2% |
| Furniture and vehicles | 24 | €4,286 | €2,928 | -€1,358 | -31.7% |
| Other tangible fixed assets | 26 | €5,205 | €3,598 | -€1,607 | -30.9% |
| Financial fixed assets | 28 | €2,000 | €2,000 | = | 0.0% |
| Current assets | 29/58 | €710,707 | €893,725 | +€183,018 | +25.8% |
| Amounts receivable within one year | 40/41 | €449,959 | €628,386 | +€178,428 | +39.7% |
| Trade receivables | 40 | €284,304 | €459,608 | +€175,304 | +61.7% |
| Other amounts receivable | 41 | €165,655 | €168,778 | +€3,124 | +1.9% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €258,283 | €262,867 | +€4,585 | +1.8% |
| Deferred charges and accrued income | 490/1 | €2,466 | €2,471 | +€5 | +0.2% |
| Total equity and liabilities | 10/49 | €965,947 | €1,101,000 | +€135,053 | +14.0% |
| Equity | 10/15 | €412,308 | €409,246 | -€3,063 | -0.7% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €402,308 | €399,246 | -€3,063 | -0.8% |
| Distributable reserves | 133 | €402,308 | €399,246 | -€3,063 | -0.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €553,639 | €691,755 | +€138,115 | +24.9% |
| Amounts payable after more than one year | 17 | €97,724 | €32,654 | -€65,070 | -66.6% |
| Financial debts | 170/4 | €97,724 | €32,654 | -€65,070 | -66.6% |
| Amounts payable within one year | 42/48 | €440,487 | €629,909 | +€189,422 | +43.0% |
| Current portion of amounts payable after more than one year | 42 | €64,754 | €65,070 | +€316 | +0.5% |
| Trade debts | 44 | €84 | €582 | +€497 | +589% |
| Suppliers | 440/4 | €84 | €582 | +€497 | +589% |
| Taxes, remuneration and social security | 45 | €6,792 | €1,731 | -€5,062 | -74.5% |
| Taxes | 450/3 | €6,792 | €1,731 | -€5,062 | -74.5% |
| Other amounts payable | 47/48 | €368,856 | €562,527 | +€193,671 | +52.5% |
| Accrued charges and deferred income | 492/3 | €15,428 | €29,191 | +€13,763 | +89.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €47,780 | €47,965 | +€184 | +0.4% |
| Other operating charges | 640/8 | €2,376 | €5,755 | +€3,379 | +142% |
| Gross operating margin | 9900 | €345,329 | €360,416 | +€15,087 | +4.4% |
| Operating profit (loss) | 9901 | €295,173 | €306,697 | +€11,524 | +3.9% |
| Financial income | 75/76B | €3,194 | €1,483 | -€1,711 | -53.6% |
| Recurring financial income | 75 | €3,194 | €1,483 | -€1,711 | -53.6% |
| Financial charges | 65/66B | €16,566 | €30,017 | +€13,451 | +81.2% |
| Recurring financial charges | 65 | €16,566 | €30,017 | +€13,451 | +81.2% |
| Profit (loss) for the period before taxes | 9903 | €281,800 | €278,163 | -€3,638 | -1.3% |
| Income taxes | 67/77 | €66,700 | €66,125 | -€575 | -0.9% |
| Profit (loss) for the period | 9904 | €215,100 | €212,037 | -€3,063 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €215,100 | €212,037 | -€3,063 | -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 20 October 2026 via checked.be.