DR. JAN VAN HECKE: 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 VAN HECKE
Largest movements
- Cash +€544,908
up €544,908 (+4,671%), from €11,665 to €556,573
mainly Receivables within one year (+€402,478) and Investment in fixed assets (net) (+€187,094)
- Receivables within one year -€402,478
down €402,478 (-84.8%), from €474,380 to €71,902
of which Other amounts receivable: -€435,373
- Tangible fixed assets -€189,819
down €189,819 (-86.9%), from €218,550 to €28,731
of which Land and buildings: -€194,340
- Debts after one year -€67,973
no longer reported in 2025 (was €67,973)
- Reserves +€33,553
up €33,553 (+5.1%), from €657,659 to €691,213
- Current portion of long-term debt -€9,705
no longer reported in 2025 (was €9,705)
- Gross operating margin -€19,641
down €19,641 (-18.0%), from €109,362 to €89,720
- Taxes -€18,273
down €18,273 (-56.1%), from €32,558 to €14,286
- Depreciation -€16,804
down €16,804 (-86.0%), from €19,530 to €2,726
- Financial income -€14,240
down €14,240 (-52.5%), from €27,148 to €12,908
- Financial charges +€4,081
up €4,081 (+107%), from €3,821 to €7,902
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 | €759,172 | €704,252 | -€54,920 | -7.2% |
| Fixed assets | 21/28 | €218,550 | €28,731 | -€189,819 | -86.9% |
| Tangible fixed assets | 22/27 | €218,550 | €28,731 | -€189,819 | -86.9% |
| Land and buildings | 22 | €194,340 | - | -€194,340 | |
| Furniture and vehicles | 24 | €17,262 | €16,500 | -€762 | -4.4% |
| Other tangible fixed assets | 26 | €6,948 | €12,230 | +€5,282 | +76.0% |
| Current assets | 29/58 | €540,623 | €675,522 | +€134,899 | +25.0% |
| Amounts receivable within one year | 40/41 | €474,380 | €71,902 | -€402,478 | -84.8% |
| Trade receivables | 40 | €4,421 | €37,316 | +€32,895 | +744% |
| Other amounts receivable | 41 | €469,960 | €34,587 | -€435,373 | -92.6% |
| Cash at bank and in hand | 54/58 | €11,665 | €556,573 | +€544,908 | +4,671% |
| Deferred charges and accrued income | 490/1 | €54,578 | €47,047 | -€7,531 | -13.8% |
| Total equity and liabilities | 10/49 | €759,172 | €704,252 | -€54,920 | -7.2% |
| Equity | 10/15 | €670,659 | €704,213 | +€33,553 | +5.0% |
| Contributions | 10/11 | €13,000 | €13,000 | = | 0.0% |
| Reserves | 13 | €657,659 | €691,213 | +€33,553 | +5.1% |
| Distributable reserves | 133 | €657,659 | €691,213 | +€33,553 | +5.1% |
| Amounts payable | 17/49 | €88,513 | €40 | -€88,473 | -100.0% |
| Amounts payable after more than one year | 17 | €67,973 | - | -€67,973 | |
| Financial debts | 170/4 | €67,973 | - | -€67,973 | |
| Amounts payable within one year | 42/48 | €20,541 | €40 | -€20,501 | -99.8% |
| Current portion of amounts payable after more than one year | 42 | €9,705 | - | -€9,705 | |
| Trade debts | 44 | €4,540 | €40 | -€4,500 | -99.1% |
| Suppliers | 440/4 | €4,540 | €40 | -€4,500 | -99.1% |
| Taxes, remuneration and social security | 45 | €6,296 | - | -€6,296 | |
| Taxes | 450/3 | €96 | - | -€96 | |
| Remuneration and social security | 454/9 | €6,200 | - | -€6,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,530 | €2,726 | -€16,804 | -86.0% |
| Other operating charges | 640/8 | €2,582 | €1,104 | -€1,478 | -57.3% |
| Non-recurring operating charges | 66A | - | €43,058 | +€43,058 | |
| Gross operating margin | 9900 | €109,362 | €89,720 | -€19,641 | -18.0% |
| Operating profit (loss) | 9901 | €87,250 | €42,833 | -€44,417 | -50.9% |
| Financial income | 75/76B | €27,148 | €12,908 | -€14,240 | -52.5% |
| Recurring financial income | 75 | €27,148 | €12,908 | -€14,240 | -52.5% |
| Financial charges | 65/66B | €3,821 | €7,902 | +€4,081 | +107% |
| Recurring financial charges | 65 | €3,821 | €7,902 | +€4,081 | +107% |
| Profit (loss) for the period before taxes | 9903 | €110,577 | €47,839 | -€62,737 | -56.7% |
| Income taxes | 67/77 | €32,558 | €14,286 | -€18,273 | -56.1% |
| Profit (loss) for the period | 9904 | €78,018 | €33,553 | -€44,465 | -57.0% |
| Profit (loss) for the period to be appropriated | 9905 | €78,018 | €33,553 | -€44,465 | -57.0% |
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 31 October 2026 via checked.be.