GUY JANSEN: 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.
GUY JANSEN
Largest movements
- Current investments -€66,000
down €66,000 (-100.0%), from €66,000 to €0
- Receivables within one year -€34,560
down €34,560 (-100.0%), from €34,560 to €0
- Cash +€7,528
up €7,528 (+19.9%), from €37,741 to €45,270
mainly Net result for the year (+€124,579) and Current investments (+€66,000)
- Reserves -€147,605
down €147,605 (-36.7%), from €401,693 to €254,088
- Other debts +€55,776
up €55,776 (+4383.3%), from €1,272 to €57,049
- Financial income +€65,615
up €65,615 (+1092.8%), from €6,004 to €71,619
- Gross operating margin +€17,168
up €17,168 (+29.9%), from €57,468 to €74,636
- Taxes +€2,958
up €2,958 (+17.3%), from €17,113 to €20,071
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €430,155 | €339,231 | -€90,924 | -21.1% |
| Fixed assets | 21/28 | €289,677 | €292,093 | +€2,416 | +0.8% |
| Tangible fixed assets | 22/27 | €1,039 | €3,455 | +€2,416 | +232.5% |
| Furniture and vehicles | 24 | €1,039 | €3,455 | +€2,416 | +232.5% |
| Financial fixed assets | 28 | €288,638 | €288,638 | = | 0.0% |
| Current assets | 29/58 | €140,478 | €47,139 | -€93,340 | -66.4% |
| Amounts receivable within one year | 40/41 | €34,560 | €0 | -€34,560 | -100.0% |
| Other amounts receivable | 41 | €34,560 | €0 | -€34,560 | -100.0% |
| Current investments | 50/53 | €66,000 | €0 | -€66,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €37,741 | €45,270 | +€7,528 | +19.9% |
| Deferred charges and accrued income | 490/1 | €2,177 | €1,869 | -€308 | -14.1% |
| Total equity and liabilities | 10/49 | €430,155 | €339,231 | -€90,924 | -21.1% |
| Equity | 10/15 | €420,293 | €272,688 | -€147,605 | -35.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €401,693 | €254,088 | -€147,605 | -36.7% |
| Distributable reserves | 133 | €401,693 | €254,088 | -€147,605 | -36.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,862 | €66,544 | +€56,681 | +574.7% |
| Amounts payable within one year | 42/48 | €9,862 | €66,544 | +€56,681 | +574.7% |
| Trade debts | 44 | €2,338 | €1,658 | -€680 | -29.1% |
| Suppliers | 440/4 | €2,338 | €1,658 | -€680 | -29.1% |
| Taxes, remuneration and social security | 45 | €6,253 | €7,837 | +€1,584 | +25.3% |
| Taxes | 450/3 | €6,253 | €7,837 | +€1,584 | +25.3% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,272 | €57,049 | +€55,776 | +4383.3% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €113 | €644 | +€531 | +471.9% |
| Other operating charges | 640/8 | €1,575 | €939 | -€636 | -40.4% |
| Gross operating margin | 9900 | €57,468 | €74,636 | +€17,168 | +29.9% |
| Operating profit (loss) | 9901 | €55,780 | €73,053 | +€17,272 | +31.0% |
| Financial income | 75/76B | €6,004 | €71,619 | +€65,615 | +1092.8% |
| Recurring financial income | 75 | €6,004 | €71,619 | +€65,615 | +1092.8% |
| Financial charges | 65/66B | €17 | €21 | +€4 | +25.6% |
| Recurring financial charges | 65 | €17 | €21 | +€4 | +25.6% |
| Profit (loss) for the period before taxes | 9903 | €61,767 | €144,650 | +€82,883 | +134.2% |
| Income taxes | 67/77 | €17,113 | €20,071 | +€2,958 | +17.3% |
| Profit (loss) for the period | 9904 | €44,655 | €124,579 | +€79,925 | +179.0% |
| Profit (loss) for the period to be appropriated | 9905 | €44,655 | €124,579 | +€79,925 | +179.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.