HEY JUDE: 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.
HEY JUDE
Largest movements
- Receivables within one year -€35,030
down €35,030 (-10.7%), from €327,975 to €292,945
of which Other amounts receivable: -€41,736
- Cash +€19,781
up €19,781 (+19.7%), from €100,426 to €120,207
mainly Net result for the year (+€140,858) and Receivables within one year (+€35,030)
- Tangible fixed assets +€12,741
up €12,741 (+879%), from €1,450 to €14,191
of which Furniture and vehicles: +€11,336
- Tax, wage and social debts -€25,031
down €25,031 (-69.5%), from €36,007 to €10,977
- Other debts +€14,000
new in 2025: €14,000
- Trade debts +€5,173
up €5,173 (+534%), from €969 to €6,142
- Gross operating margin +€9,219
up €9,219 (+5.4%), from €170,746 to €179,966
- Taxes -€3,051
down €3,051 (-6.4%), from €47,680 to €44,629
- Financial income -€2,352
down €2,352 (-19.1%), from €12,321 to €9,969
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 | €442,563 | €436,093 | -€6,470 | -1.5% |
| Fixed assets | 21/28 | €1,450 | €14,191 | +€12,741 | +879% |
| Tangible fixed assets | 22/27 | €1,450 | €14,191 | +€12,741 | +879% |
| Plant, machinery and equipment | 23 | €540 | €357 | -€183 | -33.8% |
| Furniture and vehicles | 24 | €910 | €12,246 | +€11,336 | +1,245% |
| Leasing and similar rights | 25 | - | €1,588 | +€1,588 | |
| Current assets | 29/58 | €441,113 | €421,902 | -€19,211 | -4.4% |
| Amounts receivable within one year | 40/41 | €327,975 | €292,945 | -€35,030 | -10.7% |
| Trade receivables | 40 | €18,150 | €24,856 | +€6,706 | +36.9% |
| Other amounts receivable | 41 | €309,825 | €268,089 | -€41,736 | -13.5% |
| Cash at bank and in hand | 54/58 | €100,426 | €120,207 | +€19,781 | +19.7% |
| Deferred charges and accrued income | 490/1 | €12,711 | €8,750 | -€3,961 | -31.2% |
| Total equity and liabilities | 10/49 | €442,563 | €436,093 | -€6,470 | -1.5% |
| Equity | 10/15 | €405,586 | €404,974 | -€612 | -0.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €387,036 | €386,424 | -€612 | -0.2% |
| Amounts payable | 17/49 | €36,977 | €31,119 | -€5,857 | -15.8% |
| Amounts payable within one year | 42/48 | €36,977 | €31,119 | -€5,857 | -15.8% |
| Trade debts | 44 | €969 | €6,142 | +€5,173 | +534% |
| Suppliers | 440/4 | €969 | €6,142 | +€5,173 | +534% |
| Taxes, remuneration and social security | 45 | €36,007 | €10,977 | -€25,031 | -69.5% |
| Taxes | 450/3 | €36,007 | €10,977 | -€25,031 | -69.5% |
| Other amounts payable | 47/48 | - | €14,000 | +€14,000 | |
| Remuneration, social security and pensions | 62 | €2,276 | €1,772 | -€504 | -22.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,904 | €1,614 | -€290 | -15.2% |
| Other operating charges | 640/8 | €1,931 | €1,016 | -€915 | -47.4% |
| Gross operating margin | 9900 | €170,746 | €179,966 | +€9,219 | +5.4% |
| Operating profit (loss) | 9901 | €164,635 | €175,563 | +€10,928 | +6.6% |
| Financial income | 75/76B | €12,321 | €9,969 | -€2,352 | -19.1% |
| Recurring financial income | 75 | €12,321 | €9,969 | -€2,352 | -19.1% |
| Financial charges | 65/66B | €41 | €45 | +€4 | +9.4% |
| Recurring financial charges | 65 | €41 | €45 | +€4 | +9.4% |
| Profit (loss) for the period before taxes | 9903 | €176,915 | €185,487 | +€8,572 | +4.8% |
| Income taxes | 67/77 | €47,680 | €44,629 | -€3,051 | -6.4% |
| Profit (loss) for the period | 9904 | €129,235 | €140,858 | +€11,624 | +9.0% |
| Profit (loss) for the period to be appropriated | 9905 | €129,235 | €140,858 | +€11,624 | +9.0% |
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 15 October 2026 via checked.be.