ERIK JOOSTEN: 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.
ERIK JOOSTEN
Largest movements
- Cash -€20,991
down €20,991 (-48.6%), from €43,164 to €22,172
mainly Contributions, distributions and other (-€35,000) and Debts after one year (-€6,691)
- Tangible fixed assets -€8,054
down €8,054 (-56.9%), from €14,142 to €6,089
of which Furniture and vehicles: -€7,317
- Stocks and contracts +€1,650
up €1,650 (+21.0%), from €7,850 to €9,500
- Receivables within one year +€1,027
up €1,027 (+36.9%), from €2,784 to €3,811
of which Other amounts receivable: +€755
- Reserves -€24,470
down €24,470 (-69.1%), from €35,390 to €10,920
- Debts after one year -€6,691
no longer reported in 2025 (was €6,691)
- Other debts +€3,977
up €3,977 (+24.6%), from €16,159 to €20,136
- Tax, wage and social debts -€3,439
down €3,439 (-98.4%), from €3,493 to €55
- Current portion of long-term debt +€3,019
new in 2025: €3,019
- Gross operating margin -€5,299
down €5,299 (-18.6%), from €28,478 to €23,179
- Taxes -€1,849
down €1,849 (-33.1%), from €5,579 to €3,730
- Financial income -€1,284
down €1,284 (-57.3%), from €2,240 to €955
- Financial charges +€1,275
up €1,275 (+925%), from €138 to €1,413
- Depreciation -€311
down €311 (-3.7%), from €8,364 to €8,054
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 | €67,940 | €41,572 | -€26,367 | -38.8% |
| Fixed assets | 21/28 | €14,142 | €6,089 | -€8,054 | -56.9% |
| Tangible fixed assets | 22/27 | €14,142 | €6,089 | -€8,054 | -56.9% |
| Plant, machinery and equipment | 23 | €1,663 | €926 | -€737 | -44.3% |
| Furniture and vehicles | 24 | €12,479 | €5,163 | -€7,317 | -58.6% |
| Current assets | 29/58 | €53,798 | €35,484 | -€18,314 | -34.0% |
| Stocks and contracts in progress | 3 | €7,850 | €9,500 | +€1,650 | +21.0% |
| Stocks | 30/36 | €7,850 | €9,500 | +€1,650 | +21.0% |
| Amounts receivable within one year | 40/41 | €2,784 | €3,811 | +€1,027 | +36.9% |
| Trade receivables | 40 | €385 | €658 | +€273 | +70.8% |
| Other amounts receivable | 41 | €2,399 | €3,154 | +€755 | +31.5% |
| Cash at bank and in hand | 54/58 | €43,164 | €22,172 | -€20,991 | -48.6% |
| Total equity and liabilities | 10/49 | €67,940 | €41,572 | -€26,367 | -38.8% |
| Equity | 10/15 | €37,390 | €12,920 | -€24,470 | -65.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €35,390 | €10,920 | -€24,470 | -69.1% |
| Distributable reserves | 133 | €35,390 | €10,920 | -€24,470 | -69.1% |
| Amounts payable | 17/49 | €30,550 | €28,652 | -€1,897 | -6.2% |
| Amounts payable after more than one year | 17 | €6,691 | - | -€6,691 | |
| Financial debts | 170/4 | €6,691 | - | -€6,691 | |
| Amounts payable within one year | 42/48 | €23,859 | €28,652 | +€4,794 | +20.1% |
| Current portion of amounts payable after more than one year | 42 | - | €3,019 | +€3,019 | |
| Trade debts | 44 | €4,206 | €5,443 | +€1,237 | +29.4% |
| Suppliers | 440/4 | €4,206 | €5,443 | +€1,237 | +29.4% |
| Taxes, remuneration and social security | 45 | €3,493 | €55 | -€3,439 | -98.4% |
| Taxes | 450/3 | €3,493 | €55 | -€3,439 | -98.4% |
| Other amounts payable | 47/48 | €16,159 | €20,136 | +€3,977 | +24.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,364 | €8,054 | -€311 | -3.7% |
| Other operating charges | 640/8 | €304 | €408 | +€104 | +34.3% |
| Gross operating margin | 9900 | €28,478 | €23,179 | -€5,299 | -18.6% |
| Operating profit (loss) | 9901 | €19,810 | €14,718 | -€5,093 | -25.7% |
| Financial income | 75/76B | €2,240 | €955 | -€1,284 | -57.3% |
| Recurring financial income | 75 | €2,240 | €955 | -€1,284 | -57.3% |
| Financial charges | 65/66B | €138 | €1,413 | +€1,275 | +925% |
| Recurring financial charges | 65 | €138 | €1,413 | +€1,275 | +925% |
| Profit (loss) for the period before taxes | 9903 | €21,912 | €14,260 | -€7,652 | -34.9% |
| Income taxes | 67/77 | €5,579 | €3,730 | -€1,849 | -33.1% |
| Profit (loss) for the period | 9904 | €16,334 | €10,530 | -€5,804 | -35.5% |
| Profit (loss) for the period to be appropriated | 9905 | €16,334 | €10,530 | -€5,804 | -35.5% |
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 30 October 2026 via checked.be.