DR. JONAS VROMMAN: 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. JONAS VROMMAN
Largest movements
- Cash +€186,656
up €186,656 (+44.6%), from €418,396 to €605,052
mainly Other debts (+€225,408) and Net result for the year (+€104,048)
- Current investments -€100,000
down €100,000 (-100%), from €100,000 to €0
- Intangible fixed assets -€22,000
down €22,000 (-24.0%), from €91,667 to €69,667
- Receivables within one year +€14,694
up €14,694 (+21.7%), from €67,825 to €82,519
of which Trade receivables: +€16,320
- Tangible fixed assets -€10,219
down €10,219 (-42.5%), from €24,049 to €13,831
of which Furniture and vehicles: -€9,666
- Other debts +€225,408
up €225,408 (+61.0%), from €369,568 to €594,976
- Reserves -€148,689
down €148,689 (-58.8%), from €252,737 to €104,048
- Accrued charges and deferred income -€13,815
down €13,815 (-23.0%), from €60,180 to €46,365
- Gross operating margin +€4,808
up €4,808 (+2.7%), from €177,542 to €182,350
- Financial income +€3,381
up €3,381 (+34,930%), from €10 to €3,391
- Taxes +€2,643
up €2,643 (+9.8%), from €27,062 to €29,705
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 | €702,131 | €771,068 | +€68,937 | +9.8% |
| Fixed assets | 21/28 | €115,716 | €83,497 | -€32,219 | -27.8% |
| Intangible fixed assets | 21 | €91,667 | €69,667 | -€22,000 | -24.0% |
| Tangible fixed assets | 22/27 | €24,049 | €13,831 | -€10,219 | -42.5% |
| Plant, machinery and equipment | 23 | €1,302 | €749 | -€553 | -42.5% |
| Furniture and vehicles | 24 | €22,747 | €13,082 | -€9,666 | -42.5% |
| Current assets | 29/58 | €586,415 | €687,571 | +€101,156 | +17.2% |
| Amounts receivable within one year | 40/41 | €67,825 | €82,519 | +€14,694 | +21.7% |
| Trade receivables | 40 | €64,887 | €81,207 | +€16,320 | +25.2% |
| Other amounts receivable | 41 | €2,938 | €1,312 | -€1,626 | -55.3% |
| Current investments | 50/53 | €100,000 | €0 | -€100,000 | -100% |
| Cash at bank and in hand | 54/58 | €418,396 | €605,052 | +€186,656 | +44.6% |
| Deferred charges and accrued income | 490/1 | €194 | €0 | -€194 | -100% |
| Total equity and liabilities | 10/49 | €702,131 | €771,068 | +€68,937 | +9.8% |
| Equity | 10/15 | €271,337 | €122,648 | -€148,689 | -54.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €252,737 | €104,048 | -€148,689 | -58.8% |
| Distributable reserves | 133 | €252,737 | €104,048 | -€148,689 | -58.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €430,794 | €648,421 | +€217,627 | +50.5% |
| Amounts payable within one year | 42/48 | €370,614 | €602,056 | +€231,442 | +62.4% |
| Trade debts | 44 | €146 | €417 | +€271 | +186% |
| Suppliers | 440/4 | €146 | €417 | +€271 | +186% |
| Taxes, remuneration and social security | 45 | €900 | €6,663 | +€5,763 | +640% |
| Taxes | 450/3 | €900 | €6,663 | +€5,763 | +640% |
| Other amounts payable | 47/48 | €369,568 | €594,976 | +€225,408 | +61.0% |
| Accrued charges and deferred income | 492/3 | €60,180 | €46,365 | -€13,815 | -23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €32,383 | €32,219 | -€164 | -0.5% |
| Other operating charges | 640/8 | €513 | €400 | -€114 | -22.1% |
| Gross operating margin | 9900 | €177,542 | €182,350 | +€4,808 | +2.7% |
| Operating profit (loss) | 9901 | €144,646 | €149,731 | +€5,085 | +3.5% |
| Financial income | 75/76B | €10 | €3,391 | +€3,381 | +34,930% |
| Recurring financial income | 75 | €10 | €3,391 | +€3,381 | +34,930% |
| Financial charges | 65/66B | €17,701 | €19,369 | +€1,669 | +9.4% |
| Recurring financial charges | 65 | €17,701 | €19,369 | +€1,669 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €126,955 | €133,752 | +€6,798 | +5.4% |
| Income taxes | 67/77 | €27,062 | €29,705 | +€2,643 | +9.8% |
| Profit (loss) for the period | 9904 | €99,893 | €104,048 | +€4,155 | +4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €99,893 | €104,048 | +€4,155 | +4.2% |
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 25 October 2026 via checked.be.