DR. L. JASPERS: what changed
Two fiscal 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. L. JASPERS
Largest movements
- Current investments +€168,534
up €168,534 (+166.6%), from €101,159 to €269,693
- Receivables after one year -€102,906
down €102,906 (-31.0%), from €332,422 to €229,516
- Cash +€41,531
up €41,531 (+14.8%), from €281,535 to €323,066
mainly Net result for the year (+€134,962) and Receivables after one year (+€102,906)
- Deferred charges and accrued income +€15,810
up €15,810 (+16.8%), from €94,083 to €109,892
- Reserves +€86,285
up €86,285 (+10.8%), from €797,493 to €883,778
of which Distributable reserves: +€86,285
- Tax, wage and social debts +€18,182
up €18,182 (+2732.1%), from €666 to €18,847
- Other debts +€16,124
up €16,124 (+373.5%), from €4,317 to €20,441
- Taxes +€18,664
up €18,664 (+45.2%), from €41,262 to €59,927
- Financial income +€7,958
up €7,958 (+397.9%), from €2,000 to €9,958
- Gross operating margin +€5,705
up €5,705 (+3.0%), from €188,199 to €193,904
- Staff costs -€3,504
no longer reported in 2025 (was €3,504)
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.
Cash bridge derived
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 | €827,049 | €943,208 | +€116,159 | +14.0% |
| Fixed assets | 21/28 | €10,773 | €11,040 | +€268 | +2.5% |
| Tangible fixed assets | 22/27 | €8,823 | €9,090 | +€268 | +3.0% |
| Land and buildings | 22 | €1,910 | €999 | -€911 | -47.7% |
| Plant, machinery and equipment | 23 | €1,963 | €1,524 | -€440 | -22.4% |
| Furniture and vehicles | 24 | €4,949 | €6,568 | +€1,618 | +32.7% |
| Financial fixed assets | 28 | €1,950 | €1,950 | = | 0.0% |
| Current assets | 29/58 | €816,276 | €932,168 | +€115,891 | +14.2% |
| Amounts receivable after more than one year | 29 | €332,422 | €229,516 | -€102,906 | -31.0% |
| Trade receivables | 290 | €332,422 | €229,516 | -€102,906 | -31.0% |
| Amounts receivable within one year | 40/41 | €7,077 | - | -€7,077 | |
| Other amounts receivable | 41 | €7,077 | - | -€7,077 | |
| Current investments | 50/53 | €101,159 | €269,693 | +€168,534 | +166.6% |
| Cash at bank and in hand | 54/58 | €281,535 | €323,066 | +€41,531 | +14.8% |
| Deferred charges and accrued income | 490/1 | €94,083 | €109,892 | +€15,810 | +16.8% |
| Total equity and liabilities | 10/49 | €827,049 | €943,208 | +€116,159 | +14.0% |
| Equity | 10/15 | €809,893 | €896,178 | +€86,285 | +10.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €797,493 | €883,778 | +€86,285 | +10.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €795,633 | €881,918 | +€86,285 | +10.8% |
| Amounts payable | 17/49 | €17,156 | €47,031 | +€29,874 | +174.1% |
| Amounts payable within one year | 42/48 | €17,156 | €47,031 | +€29,874 | +174.1% |
| Trade debts | 44 | €12,173 | €7,742 | -€4,431 | -36.4% |
| Suppliers | 440/4 | €12,173 | €7,742 | -€4,431 | -36.4% |
| Taxes, remuneration and social security | 45 | €666 | €18,847 | +€18,182 | +2732.1% |
| Taxes | 450/3 | €666 | €18,847 | +€18,182 | +2732.1% |
| Other amounts payable | 47/48 | €4,317 | €20,441 | +€16,124 | +373.5% |
| Remuneration, social security and pensions | 62 | €3,504 | - | -€3,504 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,484 | €2,930 | -€554 | -15.9% |
| Other operating charges | 640/8 | €698 | €1,074 | +€376 | +53.9% |
| Non-recurring operating charges | 66A | - | €4,736 | +€4,736 | |
| Gross operating margin | 9900 | €188,199 | €193,904 | +€5,705 | +3.0% |
| Operating profit (loss) | 9901 | €180,513 | €185,164 | +€4,651 | +2.6% |
| Financial income | 75/76B | €2,000 | €9,958 | +€7,958 | +397.9% |
| Recurring financial income | 75 | €2,000 | €9,958 | +€7,958 | +397.9% |
| Financial charges | 65/66B | €433 | €233 | -€201 | -46.3% |
| Recurring financial charges | 65 | €433 | €233 | -€201 | -46.3% |
| Profit (loss) for the period before taxes | 9903 | €182,080 | €194,889 | +€12,809 | +7.0% |
| Income taxes | 67/77 | €41,262 | €59,927 | +€18,664 | +45.2% |
| Profit (loss) for the period | 9904 | €140,818 | €134,962 | -€5,855 | -4.2% |
| Profit (loss) for the period to be appropriated | 9905 | €140,818 | €134,962 | -€5,855 | -4.2% |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.