DR. JAN SOMERS: 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 SOMERS
Largest movements
- Current investments +€50,287
new in 2025: €50,287
- Receivables within one year +€32,638
up €32,638 (+20.2%), from €161,412 to €194,050
of which Other amounts receivable: +€27,504
- Cash -€25,840
down €25,840 (-7.9%), from €325,205 to €299,364
mainly Current investments (-€50,287) and Contributions, distributions and other (-€42,574)
- Deferred charges and accrued income +€13,131
up €13,131 (+322%), from €4,083 to €17,214
- Tangible fixed assets +€9,853
up €9,853 (+42.6%), from €23,135 to €32,987
of which Land and buildings: +€10,085
- Reserves +€83,181
up €83,181 (+18.6%), from €448,295 to €531,475
- Trade debts -€6,510
down €6,510 (-41.5%), from €15,669 to €9,160
- Gross operating margin -€77,924
down €77,924 (-26.4%), from €295,090 to €217,166
- Taxes -€6,821
down €6,821 (-7.5%), from €91,455 to €84,634
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 | €517,334 | €597,403 | +€80,069 | +15.5% |
| Fixed assets | 21/28 | €26,635 | €36,487 | +€9,853 | +37.0% |
| Tangible fixed assets | 22/27 | €23,135 | €32,987 | +€9,853 | +42.6% |
| Land and buildings | 22 | €10,207 | €20,292 | +€10,085 | +98.8% |
| Furniture and vehicles | 24 | €558 | €326 | -€232 | -41.6% |
| Other tangible fixed assets | 26 | €12,370 | €12,370 | = | 0.0% |
| Financial fixed assets | 28 | €3,500 | €3,500 | = | 0.0% |
| Current assets | 29/58 | €490,699 | €560,916 | +€70,217 | +14.3% |
| Amounts receivable within one year | 40/41 | €161,412 | €194,050 | +€32,638 | +20.2% |
| Trade receivables | 40 | €0 | €5,134 | +€5,134 | |
| Other amounts receivable | 41 | €161,412 | €188,916 | +€27,504 | +17.0% |
| Current investments | 50/53 | - | €50,287 | +€50,287 | |
| Cash at bank and in hand | 54/58 | €325,205 | €299,364 | -€25,840 | -7.9% |
| Deferred charges and accrued income | 490/1 | €4,083 | €17,214 | +€13,131 | +322% |
| Total equity and liabilities | 10/49 | €517,334 | €597,403 | +€80,069 | +15.5% |
| Equity | 10/15 | €460,695 | €543,875 | +€83,181 | +18.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €448,295 | €531,475 | +€83,181 | +18.6% |
| Distributable reserves | 133 | €448,295 | €531,475 | +€83,181 | +18.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €56,639 | €53,528 | -€3,111 | -5.5% |
| Amounts payable within one year | 42/48 | €56,639 | €53,074 | -€3,564 | -6.3% |
| Trade debts | 44 | €15,669 | €9,160 | -€6,510 | -41.5% |
| Suppliers | 440/4 | €15,669 | €9,160 | -€6,510 | -41.5% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €40,969 | €43,915 | +€2,945 | +7.2% |
| Taxes | 450/3 | €40,969 | €43,915 | +€2,945 | +7.2% |
| Accrued charges and deferred income | 492/3 | - | €453 | +€453 | |
| Non-recurring operating income | 76A | €12,370 | €0 | -€12,370 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,752 | €2,290 | +€538 | +30.7% |
| Other operating charges | 640/8 | €2,903 | €3,347 | +€444 | +15.3% |
| Gross operating margin | 9900 | €295,090 | €217,166 | -€77,924 | -26.4% |
| Operating profit (loss) | 9901 | €290,436 | €211,529 | -€78,907 | -27.2% |
| Financial income | 75/76B | €461 | €2,474 | +€2,012 | +436% |
| Recurring financial income | 75 | €461 | €2,474 | +€2,012 | +436% |
| Financial charges | 65/66B | €1,632 | €3,614 | +€1,983 | +122% |
| Recurring financial charges | 65 | €1,632 | €3,614 | +€1,983 | +122% |
| Profit (loss) for the period before taxes | 9903 | €289,266 | €210,389 | -€78,877 | -27.3% |
| Income taxes | 67/77 | €91,455 | €84,634 | -€6,821 | -7.5% |
| Profit (loss) for the period | 9904 | €197,811 | €125,755 | -€72,056 | -36.4% |
| Profit (loss) for the period to be appropriated | 9905 | €197,811 | €125,755 | -€72,056 | -36.4% |
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 28 October 2026 via checked.be.