DR. JOREN BIESBROUCK: what changed
DR. JOREN BIESBROUCK
Largest movements
- Cash -€29,693
down €29,693 (-39.8%), from €74,690 to €44,997
mainly Contributions, distributions and other (-€70,000) and Receivables within one year (-€14,339)
- Receivables within one year +€14,339
up €14,339 (+101%), from €14,258 to €28,598
- Tangible fixed assets -€6,024
down €6,024 (-28.9%), from €20,868 to €14,845
of which Furniture and vehicles: -€6,019
- Debts after one year -€11,103
down €11,103 (-51.6%), from €21,523 to €10,419
- Reserves -€6,828
down €6,828 (-8.4%), from €81,057 to €74,228
- Tax, wage and social debts -€2,919
down €2,919 (-51.8%), from €5,638 to €2,719
- Gross operating margin +€23,222
up €23,222 (+36.1%), from €64,320 to €87,541
- Taxes +€5,081
up €5,081 (+43.7%), from €11,638 to €16,719
- Depreciation -€1,119
down €1,119 (-15.7%), from €7,142 to €6,024
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 | €123,739 | €102,399 | -€21,340 | -17.2% |
| Fixed assets | 21/28 | €20,868 | €14,845 | -€6,024 | -28.9% |
| Tangible fixed assets | 22/27 | €20,868 | €14,845 | -€6,024 | -28.9% |
| Plant, machinery and equipment | 23 | €4 | - | -€4 | |
| Furniture and vehicles | 24 | €20,864 | €14,845 | -€6,019 | -28.8% |
| Current assets | 29/58 | €102,871 | €87,554 | -€15,317 | -14.9% |
| Amounts receivable after more than one year | 29 | €10,000 | €10,000 | = | 0.0% |
| Other amounts receivable | 291 | €10,000 | €10,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €14,258 | €28,598 | +€14,339 | +101% |
| Trade receivables | 40 | €14,258 | €28,598 | +€14,339 | +101% |
| Cash at bank and in hand | 54/58 | €74,690 | €44,997 | -€29,693 | -39.8% |
| Deferred charges and accrued income | 490/1 | €3,923 | €3,959 | +€36 | +0.9% |
| Total equity and liabilities | 10/49 | €123,739 | €102,399 | -€21,340 | -17.2% |
| Equity | 10/15 | €83,557 | €76,728 | -€6,828 | -8.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €81,057 | €74,228 | -€6,828 | -8.4% |
| Distributable reserves | 133 | €81,057 | €74,228 | -€6,828 | -8.4% |
| Amounts payable | 17/49 | €40,182 | €25,670 | -€14,512 | -36.1% |
| Amounts payable after more than one year | 17 | €21,523 | €10,419 | -€11,103 | -51.6% |
| Financial debts | 170/4 | €21,523 | €10,419 | -€11,103 | -51.6% |
| Amounts payable within one year | 42/48 | €18,596 | €15,217 | -€3,379 | -18.2% |
| Current portion of amounts payable after more than one year | 42 | €10,882 | €11,103 | +€221 | +2.0% |
| Trade debts | 44 | €657 | €52 | -€606 | -92.2% |
| Suppliers | 440/4 | €657 | €52 | -€606 | -92.2% |
| Taxes, remuneration and social security | 45 | €5,638 | €2,719 | -€2,919 | -51.8% |
| Taxes | 450/3 | €5,638 | €2,719 | -€2,919 | -51.8% |
| Other amounts payable | 47/48 | €1,418 | €1,343 | -€75 | -5.3% |
| Accrued charges and deferred income | 492/3 | €64 | €34 | -€30 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,142 | €6,024 | -€1,119 | -15.7% |
| Other operating charges | 640/8 | €716 | €683 | -€33 | -4.6% |
| Gross operating margin | 9900 | €64,320 | €87,541 | +€23,222 | +36.1% |
| Operating profit (loss) | 9901 | €56,462 | €80,835 | +€24,374 | +43.2% |
| Financial income | 75/76B | €144 | €144 | = | 0.0% |
| Recurring financial income | 75 | €144 | €144 | = | 0.0% |
| Financial charges | 65/66B | €1,235 | €1,089 | -€146 | -11.8% |
| Recurring financial charges | 65 | €1,235 | €1,089 | -€146 | -11.8% |
| Profit (loss) for the period before taxes | 9903 | €55,371 | €79,891 | +€24,519 | +44.3% |
| Income taxes | 67/77 | €11,638 | €16,719 | +€5,081 | +43.7% |
| Profit (loss) for the period | 9904 | €43,733 | €63,172 | +€19,438 | +44.4% |
| Profit (loss) for the period to be appropriated | 9905 | €43,733 | €63,172 | +€19,438 | +44.4% |
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 2 November 2026 via checked.be.