DR. JESPERS JOHAN: 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. JESPERS JOHAN
Largest movements
- Receivables within one year +€43,936
up €43,936 (+41.1%), from €106,980 to €150,916
- Cash +€16,744
up €16,744 (+31.0%), from €54,010 to €70,754
mainly Net result for the year (+€73,682) and Depreciation (+€18,309)
- Receivables after one year -€12,278
down €12,278 (-54.1%), from €22,699 to €10,421
of which Other amounts receivable: -€12,278
- Tangible fixed assets -€9,144
down €9,144 (-14.1%), from €64,839 to €55,694
of which Land and buildings: -€13,504
- Reserves +€73,682
up €73,682 (+15.9%), from €464,074 to €537,756
of which Distributable reserves: +€73,682
- Tax, wage and social debts -€30,914
down €30,914 (-87.9%), from €35,170 to €4,256
- Short-term financial debts -€8,557
down €8,557 (-100%), from €8,557 to €0
- Financial income +€13,508
up €13,508 (+229%), from €5,901 to €19,409
- Gross operating margin +€9,062
up €9,062 (+8.7%), from €104,398 to €113,461
- Taxes +€8,093
up €8,093 (+27.3%), from €29,666 to €37,759
- Depreciation +€1,471
up €1,471 (+8.7%), from €16,838 to €18,309
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 | €528,608 | €567,782 | +€39,174 | +7.4% |
| Fixed assets | 21/28 | €66,479 | €57,334 | -€9,144 | -13.8% |
| Tangible fixed assets | 22/27 | €64,839 | €55,694 | -€9,144 | -14.1% |
| Land and buildings | 22 | €44,829 | €31,325 | -€13,504 | -30.1% |
| Plant, machinery and equipment | 23 | €18,436 | €15,552 | -€2,883 | -15.6% |
| Furniture and vehicles | 24 | €1,574 | €8,817 | +€7,243 | +460% |
| Financial fixed assets | 28 | €1,640 | €1,640 | = | 0.0% |
| Current assets | 29/58 | €462,130 | €510,448 | +€48,318 | +10.5% |
| Amounts receivable after more than one year | 29 | €22,699 | €10,421 | -€12,278 | -54.1% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €22,699 | €10,421 | -€12,278 | -54.1% |
| Amounts receivable within one year | 40/41 | €106,980 | €150,916 | +€43,936 | +41.1% |
| Other amounts receivable | 41 | €106,980 | €150,916 | +€43,936 | +41.1% |
| Current investments | 50/53 | €269,978 | €269,978 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €54,010 | €70,754 | +€16,744 | +31.0% |
| Deferred charges and accrued income | 490/1 | €8,463 | €8,379 | -€84 | -1.0% |
| Total equity and liabilities | 10/49 | €528,608 | €567,782 | +€39,174 | +7.4% |
| Equity | 10/15 | €484,074 | €557,756 | +€73,682 | +15.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €464,074 | €537,756 | +€73,682 | +15.9% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €464,074 | €537,756 | +€73,682 | +15.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,535 | €10,027 | -€34,508 | -77.5% |
| Amounts payable within one year | 42/48 | €44,535 | €10,027 | -€34,508 | -77.5% |
| Financial debts | 43 | €8,557 | €0 | -€8,557 | -100% |
| Credit institutions | 430/8 | €8,557 | €0 | -€8,557 | -100% |
| Trade debts | 44 | €807 | €5,771 | +€4,963 | +615% |
| Suppliers | 440/4 | €807 | €5,771 | +€4,963 | +615% |
| Taxes, remuneration and social security | 45 | €35,170 | €4,256 | -€30,914 | -87.9% |
| Taxes | 450/3 | €35,170 | €4,256 | -€30,914 | -87.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,838 | €18,309 | +€1,471 | +8.7% |
| Other operating charges | 640/8 | €1,689 | €2,015 | +€326 | +19.3% |
| Gross operating margin | 9900 | €104,398 | €113,461 | +€9,062 | +8.7% |
| Operating profit (loss) | 9901 | €85,872 | €93,137 | +€7,265 | +8.5% |
| Financial income | 75/76B | €5,901 | €19,409 | +€13,508 | +229% |
| Recurring financial income | 75 | €5,901 | €19,409 | +€13,508 | +229% |
| Financial charges | 65/66B | €1,710 | €1,105 | -€605 | -35.4% |
| Recurring financial charges | 65 | €1,710 | €1,105 | -€605 | -35.4% |
| Profit (loss) for the period before taxes | 9903 | €90,063 | €111,441 | +€21,378 | +23.7% |
| Income taxes | 67/77 | €29,666 | €37,759 | +€8,093 | +27.3% |
| Profit (loss) for the period | 9904 | €60,397 | €73,682 | +€13,285 | +22.0% |
| Profit (loss) for the period to be appropriated | 9905 | €60,397 | €73,682 | +€13,285 | +22.0% |
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 27 October 2026 via checked.be.