Dr. Jane Smeulders: what changed
Dr. Jane Smeulders
Largest movements
- Cash +€65,227
up €65,227 (+2,174%), from €3,000 to €68,227
mainly Receivables within one year (+€59,391) and Net result for the year (+€20,517)
- Receivables within one year -€59,391
down €59,391 (-89.0%), from €66,768 to €7,377
of which Other amounts receivable: -€60,636
- Tangible fixed assets +€6,091
new in 2025: €6,091
- Reserves +€20,517
up €20,517 (+44.5%), from €46,148 to €66,665
- Tax, wage and social debts -€8,600
down €8,600 (-41.7%), from €20,620 to €12,020
- Gross operating margin -€34,179
down €34,179 (-58.2%), from €58,769 to €24,590
- Taxes -€6,847
down €6,847 (-57.0%), from €12,020 to €5,173
- Financial income +€1,745
up €1,745 (+1,550%), from €113 to €1,858
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €69,768 | €82,398 | +€12,630 | +18.1% |
| Fixed assets | 21/28 | - | €6,091 | +€6,091 | |
| Tangible fixed assets | 22/27 | - | €6,091 | +€6,091 | |
| Furniture and vehicles | 24 | - | €6,091 | +€6,091 | |
| Current assets | 29/58 | €69,768 | €76,307 | +€6,539 | +9.4% |
| Amounts receivable within one year | 40/41 | €66,768 | €7,377 | -€59,391 | -89.0% |
| Trade receivables | 40 | - | €1,245 | +€1,245 | |
| Other amounts receivable | 41 | €66,768 | €6,132 | -€60,636 | -90.8% |
| Cash at bank and in hand | 54/58 | €3,000 | €68,227 | +€65,227 | +2,174% |
| Deferred charges and accrued income | 490/1 | - | €704 | +€704 | |
| Total equity and liabilities | 10/49 | €69,768 | €82,398 | +€12,630 | +18.1% |
| Equity | 10/15 | €49,148 | €69,665 | +€20,517 | +41.7% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €46,148 | €66,665 | +€20,517 | +44.5% |
| Distributable reserves | 133 | €46,148 | €66,665 | +€20,517 | +44.5% |
| Amounts payable | 17/49 | €20,620 | €12,733 | -€7,887 | -38.2% |
| Amounts payable within one year | 42/48 | €20,620 | €12,733 | -€7,887 | -38.2% |
| Trade debts | 44 | - | €713 | +€713 | |
| Suppliers | 440/4 | - | €713 | +€713 | |
| Taxes, remuneration and social security | 45 | €20,620 | €12,020 | -€8,600 | -41.7% |
| Taxes | 450/3 | €20,620 | €12,020 | -€8,600 | -41.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €668 | €715 | +€46 | +6.9% |
| Gross operating margin | 9900 | €58,769 | €24,590 | -€34,179 | -58.2% |
| Operating profit (loss) | 9901 | €58,100 | €23,875 | -€34,225 | -58.9% |
| Financial income | 75/76B | €113 | €1,858 | +€1,745 | +1,550% |
| Recurring financial income | 75 | €113 | €1,858 | +€1,745 | +1,550% |
| Financial charges | 65/66B | €45 | €43 | -€2 | -4.4% |
| Recurring financial charges | 65 | €45 | €43 | -€2 | -4.4% |
| Profit (loss) for the period before taxes | 9903 | €58,168 | €25,690 | -€32,478 | -55.8% |
| Income taxes | 67/77 | €12,020 | €5,173 | -€6,847 | -57.0% |
| Profit (loss) for the period | 9904 | €46,148 | €20,517 | -€25,631 | -55.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,148 | €20,517 | -€25,631 | -55.5% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.