DR. JOYCE STEENBERGHS: what changed
DR. JOYCE STEENBERGHS
Largest movements
- Cash +€13,889
up €13,889 (+20.7%), from €67,069 to €80,958
mainly Other debts (+€44,072) and Net result for the year (+€19,947)
- Receivables within one year +€8,235
up €8,235 (+9.3%), from €88,105 to €96,340
of which Trade receivables: +€15,328
- Tangible fixed assets -€1,990
down €1,990 (-48.4%), from €4,113 to €2,123
of which Furniture and vehicles: -€1,426
- Other debts +€44,072
up €44,072 (+579%), from €7,612 to €51,684
- Reserves -€30,053
down €30,053 (-23.7%), from €126,687 to €96,633
- Short-term financial debts +€3,368
new in 2025: €3,368
- Trade debts +€2,197
up €2,197 (+54.7%), from €4,016 to €6,214
- Gross operating margin +€5,852
up €5,852 (+23.6%), from €24,763 to €30,615
- Taxes +€2,260
up €2,260 (+62.8%), from €3,598 to €5,857
- Financial charges -€772
down €772 (-26.8%), from €2,875 to €2,103
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 | €161,009 | €180,232 | +€19,223 | +11.9% |
| Fixed assets | 21/28 | €4,113 | €2,123 | -€1,990 | -48.4% |
| Tangible fixed assets | 22/27 | €4,113 | €2,123 | -€1,990 | -48.4% |
| Plant, machinery and equipment | 23 | €1,890 | €1,326 | -€564 | -29.8% |
| Furniture and vehicles | 24 | €2,223 | €797 | -€1,426 | -64.2% |
| Current assets | 29/58 | €156,896 | €178,108 | +€21,212 | +13.5% |
| Amounts receivable within one year | 40/41 | €88,105 | €96,340 | +€8,235 | +9.3% |
| Trade receivables | 40 | €76,869 | €92,197 | +€15,328 | +19.9% |
| Other amounts receivable | 41 | €11,236 | €4,143 | -€7,093 | -63.1% |
| Cash at bank and in hand | 54/58 | €67,069 | €80,958 | +€13,889 | +20.7% |
| Deferred charges and accrued income | 490/1 | €1,722 | €811 | -€912 | -52.9% |
| Total equity and liabilities | 10/49 | €161,009 | €180,232 | +€19,223 | +11.9% |
| Equity | 10/15 | €139,087 | €109,033 | -€30,053 | -21.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €126,687 | €96,633 | -€30,053 | -23.7% |
| Distributable reserves | 133 | €126,687 | €96,633 | -€30,053 | -23.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €21,922 | €71,198 | +€49,276 | +225% |
| Amounts payable within one year | 42/48 | €18,867 | €68,396 | +€49,529 | +263% |
| Financial debts | 43 | - | €3,368 | +€3,368 | |
| Credit institutions | 430/8 | - | €3,368 | +€3,368 | |
| Trade debts | 44 | €4,016 | €6,214 | +€2,197 | +54.7% |
| Suppliers | 440/4 | €4,016 | €6,214 | +€2,197 | +54.7% |
| Taxes, remuneration and social security | 45 | €7,238 | €7,130 | -€108 | -1.5% |
| Taxes | 450/3 | €7,238 | €7,130 | -€108 | -1.5% |
| Other amounts payable | 47/48 | €7,612 | €51,684 | +€44,072 | +579% |
| Accrued charges and deferred income | 492/3 | €3,056 | €2,803 | -€253 | -8.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,990 | €1,990 | = | 0.0% |
| Other operating charges | 640/8 | €817 | €717 | -€100 | -12.2% |
| Gross operating margin | 9900 | €24,763 | €30,615 | +€5,852 | +23.6% |
| Operating profit (loss) | 9901 | €21,956 | €27,908 | +€5,952 | +27.1% |
| Financial income | 75/76B | €4 | €0 | -€4 | -98.4% |
| Recurring financial income | 75 | €4 | €0 | -€4 | -98.4% |
| Financial charges | 65/66B | €2,875 | €2,103 | -€772 | -26.8% |
| Recurring financial charges | 65 | €2,875 | €2,103 | -€772 | -26.8% |
| Profit (loss) for the period before taxes | 9903 | €19,085 | €25,804 | +€6,719 | +35.2% |
| Income taxes | 67/77 | €3,598 | €5,857 | +€2,260 | +62.8% |
| Profit (loss) for the period | 9904 | €15,487 | €19,947 | +€4,460 | +28.8% |
| Profit (loss) for the period to be appropriated | 9905 | €15,487 | €19,947 | +€4,460 | +28.8% |
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 7 November 2026 via checked.be.