DR. JORN SIMONS: 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. JORN SIMONS
Largest movements
- Cash +€81,775
up €81,775 (+55.6%), from €146,983 to €228,758
mainly Net result for the year (+€97,832) and Trade debts (+€18,456)
- Tangible fixed assets +€32,892
up €32,892 (+3,148%), from €1,045 to €33,937
of which Furniture and vehicles: +€33,435
- Reserves +€97,832
up €97,832 (+85.7%), from €114,152 to €211,983
- Trade debts +€18,456
up €18,456 (+5,872%), from €314 to €18,770
- Depreciation +€6,556
up €6,556 (+1,208%), from €543 to €7,098
- Taxes -€1,564
down €1,564 (-5.5%), from €28,284 to €26,720
- Gross operating margin +€1,418
up €1,418 (+1.1%), from €131,909 to €133,327
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 | €152,190 | €267,120 | +€114,930 | +75.5% |
| Fixed assets | 21/28 | €1,045 | €33,937 | +€32,892 | +3,148% |
| Tangible fixed assets | 22/27 | €1,045 | €33,937 | +€32,892 | +3,148% |
| Plant, machinery and equipment | 23 | €1,045 | €502 | -€543 | -52.0% |
| Furniture and vehicles | 24 | - | €33,435 | +€33,435 | |
| Current assets | 29/58 | €151,145 | €233,183 | +€82,038 | +54.3% |
| Amounts receivable within one year | 40/41 | €11 | €0 | -€11 | -100% |
| Trade receivables | 40 | €11 | €0 | -€11 | -100% |
| Cash at bank and in hand | 54/58 | €146,983 | €228,758 | +€81,775 | +55.6% |
| Deferred charges and accrued income | 490/1 | €4,151 | €4,424 | +€274 | +6.6% |
| Total equity and liabilities | 10/49 | €152,190 | €267,120 | +€114,930 | +75.5% |
| Equity | 10/15 | €119,152 | €216,983 | +€97,832 | +82.1% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €114,152 | €211,983 | +€97,832 | +85.7% |
| Distributable reserves | 133 | €114,152 | €211,983 | +€97,832 | +85.7% |
| Amounts payable | 17/49 | €33,039 | €50,137 | +€17,098 | +51.8% |
| Amounts payable within one year | 42/48 | €33,028 | €50,137 | +€17,109 | +51.8% |
| Trade debts | 44 | €314 | €18,770 | +€18,456 | +5,872% |
| Suppliers | 440/4 | €314 | €18,770 | +€18,456 | +5,872% |
| Taxes, remuneration and social security | 45 | €29,484 | €27,120 | -€2,364 | -8.0% |
| Taxes | 450/3 | €29,484 | €27,120 | -€2,364 | -8.0% |
| Other amounts payable | 47/48 | €3,229 | €4,246 | +€1,017 | +31.5% |
| Accrued charges and deferred income | 492/3 | €11 | €0 | -€11 | -100% |
| Remuneration, social security and pensions | 62 | €1,170 | €708 | -€461 | -39.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €543 | €7,098 | +€6,556 | +1,208% |
| Other operating charges | 640/8 | €422 | €516 | +€94 | +22.3% |
| Gross operating margin | 9900 | €131,909 | €133,327 | +€1,418 | +1.1% |
| Operating profit (loss) | 9901 | €129,775 | €125,005 | -€4,771 | -3.7% |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €281 | €452 | +€171 | +60.9% |
| Recurring financial charges | 65 | €281 | €452 | +€171 | +60.9% |
| Profit (loss) for the period before taxes | 9903 | €129,494 | €124,552 | -€4,942 | -3.8% |
| Income taxes | 67/77 | €28,284 | €26,720 | -€1,564 | -5.5% |
| Profit (loss) for the period | 9904 | €101,210 | €97,832 | -€3,378 | -3.3% |
| Profit (loss) for the period to be appropriated | 9905 | €101,210 | €97,832 | -€3,378 | -3.3% |
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 19 October 2026 via checked.be.