Dr. Thomas Jardinet: 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. Thomas Jardinet
Largest movements
- Current investments -€59,188
down €59,188 (-34.4%), from €172,153 to €112,965
- Cash +€20,909
up €20,909 (+30.9%), from €67,619 to €88,528
mainly Net result for the year (+€178,932) and Current investments (+€59,188)
- Tangible fixed assets +€9,116
up €9,116 (+765%), from €1,192 to €10,309
- Receivables within one year +€8,295
new in 2025: €8,295
- Other debts -€17,487
down €17,487 (-7.4%), from €236,240 to €218,753
- Tax, wage and social debts -€4,324
down €4,324 (-100%), from €4,324 to €0
- Gross operating margin -€38,725
down €38,725 (-14.5%), from €267,740 to €229,015
- Taxes -€12,772
down €12,772 (-19.6%), from €65,009 to €52,237
- Depreciation +€4,078
up €4,078 (+629%), from €649 to €4,727
- Financial income +€3,502
up €3,502 (+79.1%), from €4,425 to €7,927
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 | €243,951 | €222,458 | -€21,493 | -8.8% |
| Fixed assets | 21/28 | €1,192 | €10,309 | +€9,116 | +765% |
| Tangible fixed assets | 22/27 | €1,192 | €10,309 | +€9,116 | +765% |
| Furniture and vehicles | 24 | €1,192 | €10,309 | +€9,116 | +765% |
| Current assets | 29/58 | €242,759 | €212,150 | -€30,609 | -12.6% |
| Amounts receivable within one year | 40/41 | - | €8,295 | +€8,295 | |
| Other amounts receivable | 41 | - | €8,295 | +€8,295 | |
| Current investments | 50/53 | €172,153 | €112,965 | -€59,188 | -34.4% |
| Cash at bank and in hand | 54/58 | €67,619 | €88,528 | +€20,909 | +30.9% |
| Deferred charges and accrued income | 490/1 | €2,987 | €2,362 | -€625 | -20.9% |
| Total equity and liabilities | 10/49 | €243,951 | €222,458 | -€21,493 | -8.8% |
| Equity | 10/15 | €2,000 | €2,000 | = | 0.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €241,951 | €220,458 | -€21,493 | -8.9% |
| Amounts payable within one year | 42/48 | €241,335 | €220,059 | -€21,276 | -8.8% |
| Trade debts | 44 | €770 | €1,306 | +€535 | +69.4% |
| Suppliers | 440/4 | €770 | €1,306 | +€535 | +69.4% |
| Taxes, remuneration and social security | 45 | €4,324 | €0 | -€4,324 | -100% |
| Taxes | 450/3 | €4,324 | €0 | -€4,324 | -100% |
| Other amounts payable | 47/48 | €236,240 | €218,753 | -€17,487 | -7.4% |
| Accrued charges and deferred income | 492/3 | €616 | €400 | -€217 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €649 | €4,727 | +€4,078 | +629% |
| Other operating charges | 640/8 | €788 | €779 | -€9 | -1.1% |
| Gross operating margin | 9900 | €267,740 | €229,015 | -€38,725 | -14.5% |
| Operating profit (loss) | 9901 | €266,303 | €223,508 | -€42,795 | -16.1% |
| Financial income | 75/76B | €4,425 | €7,927 | +€3,502 | +79.1% |
| Recurring financial income | 75 | €4,425 | €7,927 | +€3,502 | +79.1% |
| Financial charges | 65/66B | €152 | €266 | +€114 | +75.1% |
| Recurring financial charges | 65 | €152 | €266 | +€114 | +75.1% |
| Profit (loss) for the period before taxes | 9903 | €270,576 | €231,169 | -€39,407 | -14.6% |
| Income taxes | 67/77 | €65,009 | €52,237 | -€12,772 | -19.6% |
| Profit (loss) for the period | 9904 | €205,567 | €178,932 | -€26,635 | -13.0% |
| Profit (loss) for the period to be appropriated | 9905 | €205,567 | €178,932 | -€26,635 | -13.0% |
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 16 October 2026 via checked.be.