Esther Jacobs: 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.
Esther Jacobs
Largest movements
- Receivables within one year +€6,890
up €6,890 (+38.1%), from €18,090 to €24,980
of which Other amounts receivable: +€6,464
- Receivables after one year -€1,617
down €1,617 (-13.7%), from €11,774 to €10,156
- Tangible fixed assets -€657
down €657 (-62.3%), from €1,055 to €398
of which Furniture and vehicles: -€498
- Profit (loss) carried forward +€14,874
up €14,874 (+126.4%), from €11,771 to €26,645
- Other debts -€5,265
down €5,265 (-100.0%), from €5,265 to €0
- Trade debts -€3,398
down €3,398 (-98.4%), from €3,454 to €56
- Tax, wage and social debts +€2,742
up €2,742 (+73.7%), from €3,719 to €6,461
- Short-term financial debts -€2,394
down €2,394 (-80.7%), from €2,965 to €571
- Gross operating margin +€19,826
up €19,826, from -€2,049 to €17,777
- Depreciation -€2,408
down €2,408 (-78.6%), from €3,065 to €657
- Taxes +€845
up €845 (+605.5%), from €140 to €984
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 | €31,556 | €36,234 | +€4,678 | +14.8% |
| Fixed assets | 21/28 | €1,055 | €398 | -€657 | -62.3% |
| Tangible fixed assets | 22/27 | €1,055 | €398 | -€657 | -62.3% |
| Plant, machinery and equipment | 23 | €159 | €0 | -€159 | -100.0% |
| Furniture and vehicles | 24 | €897 | €398 | -€498 | -55.6% |
| Leasing and similar rights | 25 | €0 | - | = | |
| Current assets | 29/58 | €30,500 | €35,836 | +€5,335 | +17.5% |
| Amounts receivable after more than one year | 29 | €11,774 | €10,156 | -€1,617 | -13.7% |
| Trade receivables | 290 | €11,774 | €10,156 | -€1,617 | -13.7% |
| Amounts receivable within one year | 40/41 | €18,090 | €24,980 | +€6,890 | +38.1% |
| Trade receivables | 40 | €16,514 | €16,940 | +€426 | +2.6% |
| Other amounts receivable | 41 | €1,576 | €8,040 | +€6,464 | +410.1% |
| Cash at bank and in hand | 54/58 | €0 | - | = | |
| Deferred charges and accrued income | 490/1 | €637 | €700 | +€63 | +9.9% |
| Total equity and liabilities | 10/49 | €31,556 | €36,234 | +€4,678 | +14.8% |
| Equity | 10/15 | €14,271 | €29,145 | +€14,874 | +104.2% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,771 | €26,645 | +€14,874 | +126.4% |
| Amounts payable | 17/49 | €17,284 | €7,089 | -€10,196 | -59.0% |
| Amounts payable within one year | 42/48 | €15,403 | €7,089 | -€8,315 | -54.0% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Financial debts | 43 | €2,965 | €571 | -€2,394 | -80.7% |
| Credit institutions | 430/8 | €2,965 | €571 | -€2,394 | -80.7% |
| Trade debts | 44 | €3,454 | €56 | -€3,398 | -98.4% |
| Suppliers | 440/4 | €3,454 | €56 | -€3,398 | -98.4% |
| Taxes, remuneration and social security | 45 | €3,719 | €6,461 | +€2,742 | +73.7% |
| Taxes | 450/3 | €3,719 | €6,461 | +€2,742 | +73.7% |
| Other amounts payable | 47/48 | €5,265 | €0 | -€5,265 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,881 | €0 | -€1,881 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,065 | €657 | -€2,408 | -78.6% |
| Other operating charges | 640/8 | €1,051 | €943 | -€107 | -10.2% |
| Gross operating margin | 9900 | -€2,049 | €17,777 | +€19,826 | |
| Operating profit (loss) | 9901 | -€6,165 | €16,177 | +€22,341 | |
| Financial income | 75/76B | €367 | €501 | +€134 | +36.4% |
| Recurring financial income | 75 | €367 | €501 | +€134 | +36.4% |
| Financial charges | 65/66B | €677 | €819 | +€142 | +21.0% |
| Recurring financial charges | 65 | €677 | €819 | +€142 | +21.0% |
| Profit (loss) for the period before taxes | 9903 | -€6,475 | €15,858 | +€22,333 | |
| Income taxes | 67/77 | €140 | €984 | +€845 | +605.5% |
| Profit (loss) for the period | 9904 | -€6,614 | €14,874 | +€21,488 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,614 | €14,874 | +€21,488 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.