DR. JAN VAN LEEMPUT: 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 LEEMPUT
Largest movements
- Current investments +€231,485
up €231,485 (+14.6%), from €1.6m to €1.8m
- Cash -€83,109
down €83,109 (-50.1%), from €165,790 to €82,681
mainly Contributions, distributions and other (-€324,193) and Current investments (-€231,485)
- Receivables within one year +€69,529
up €69,529 (+93.7%), from €74,207 to €143,736
- Tangible fixed assets -€25,690
down €25,690 (-40.1%), from €64,115 to €38,425
of which Furniture and vehicles: -€26,146
- Deferred charges and accrued income +€23,676
up €23,676 (+73.1%), from €32,388 to €56,064
- Other debts +€324,193
up €324,193, from €0 to €324,193
- Reserves -€104,575
down €104,575 (-5.5%), from €1.9m to €1.8m
of which Distributable reserves: -€104,575
- Financial income +€18,631
up €18,631 (+116%), from €16,049 to €34,680
- Gross operating margin -€18,596
down €18,596 (-5.6%), from €330,599 to €312,003
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 | €1,930,174 | €2,146,066 | +€215,892 | +11.2% |
| Fixed assets | 21/28 | €69,515 | €43,825 | -€25,690 | -37.0% |
| Tangible fixed assets | 22/27 | €64,115 | €38,425 | -€25,690 | -40.1% |
| Plant, machinery and equipment | 23 | €1,379 | €1,835 | +€456 | +33.1% |
| Furniture and vehicles | 24 | €62,736 | €36,590 | -€26,146 | -41.7% |
| Financial fixed assets | 28 | €5,400 | €5,400 | = | 0.0% |
| Current assets | 29/58 | €1,860,659 | €2,102,241 | +€241,582 | +13.0% |
| Amounts receivable within one year | 40/41 | €74,207 | €143,736 | +€69,529 | +93.7% |
| Other amounts receivable | 41 | €74,207 | €143,736 | +€69,529 | +93.7% |
| Current investments | 50/53 | €1,588,274 | €1,819,759 | +€231,485 | +14.6% |
| Cash at bank and in hand | 54/58 | €165,790 | €82,681 | -€83,109 | -50.1% |
| Deferred charges and accrued income | 490/1 | €32,388 | €56,064 | +€23,676 | +73.1% |
| Total equity and liabilities | 10/49 | €1,930,174 | €2,146,066 | +€215,892 | +11.2% |
| Equity | 10/15 | €1,923,766 | €1,819,191 | -€104,575 | -5.4% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,905,216 | €1,800,641 | -€104,575 | -5.5% |
| Tax-exempt reserves | 132 | €14,745 | €14,745 | = | 0.0% |
| Distributable reserves | 133 | €1,890,471 | €1,785,896 | -€104,575 | -5.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €6,408 | €326,875 | +€320,466 | +5,001% |
| Amounts payable within one year | 42/48 | €6,408 | €326,875 | +€320,466 | +5,001% |
| Trade debts | 44 | €2,580 | €1,932 | -€648 | -25.1% |
| Suppliers | 440/4 | €2,580 | €1,932 | -€648 | -25.1% |
| Taxes, remuneration and social security | 45 | €3,828 | €750 | -€3,078 | -80.4% |
| Taxes | 450/3 | €3,828 | €750 | -€3,078 | -80.4% |
| Other amounts payable | 47/48 | €0 | €324,193 | +€324,193 | |
| Non-recurring operating income | 76A | €734 | €757 | +€24 | +3.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,858 | €26,964 | +€106 | +0.4% |
| Other operating charges | 640/8 | €4,345 | €4,528 | +€183 | +4.2% |
| Gross operating margin | 9900 | €330,599 | €312,003 | -€18,596 | -5.6% |
| Operating profit (loss) | 9901 | €299,397 | €280,511 | -€18,886 | -6.3% |
| Financial income | 75/76B | €16,049 | €34,680 | +€18,631 | +116% |
| Recurring financial income | 75 | €16,049 | €34,680 | +€18,631 | +116% |
| Financial charges | 65/66B | €84 | €173 | +€89 | +107% |
| Recurring financial charges | 65 | €84 | €173 | +€89 | +107% |
| Profit (loss) for the period before taxes | 9903 | €315,363 | €315,018 | -€345 | -0.1% |
| Income taxes | 67/77 | €97,588 | €95,400 | -€2,189 | -2.2% |
| Profit (loss) for the period | 9904 | €217,775 | €219,618 | +€1,844 | +0.8% |
| Profit (loss) for the period to be appropriated | 9905 | €217,775 | €219,618 | +€1,844 | +0.8% |
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 21 October 2026 via checked.be.