I. JANSSENS: 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.
I. JANSSENS
Largest movements
- Tangible fixed assets +€55,694
up €55,694 (+371%), from €14,995 to €70,688
of which Other tangible fixed assets: +€58,681
- Cash -€19,358
down €19,358 (-21.7%), from €89,365 to €70,007
mainly Contributions, distributions and other (-€154,334) and Investment in fixed assets (net) (-€65,239)
- Receivables within one year +€5,089
up €5,089 (+22.9%), from €22,267 to €27,356
of which Other amounts receivable: +€5,652
- Other debts +€154,334
new in 2025: €154,334
- Profit (loss) carried forward -€110,342
no longer reported in 2025 (was €110,342)
- Tax, wage and social debts -€2,062
down €2,062 (-23.2%), from €8,891 to €6,829
- Gross operating margin -€83,645
down €83,645 (-56.0%), from €149,467 to €65,822
- Taxes -€19,483
down €19,483 (-62.2%), from €31,333 to €11,850
- Depreciation +€1,658
up €1,658 (+21.0%), from €7,888 to €9,546
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 | €127,383 | €168,848 | +€41,465 | +32.6% |
| Fixed assets | 21/28 | €14,995 | €70,688 | +€55,694 | +371% |
| Tangible fixed assets | 22/27 | €14,995 | €70,688 | +€55,694 | +371% |
| Furniture and vehicles | 24 | €14,573 | €11,586 | -€2,987 | -20.5% |
| Other tangible fixed assets | 26 | €422 | €59,102 | +€58,681 | +13,910% |
| Current assets | 29/58 | €112,388 | €98,160 | -€14,229 | -12.7% |
| Amounts receivable within one year | 40/41 | €22,267 | €27,356 | +€5,089 | +22.9% |
| Trade receivables | 40 | €19,817 | €19,254 | -€564 | -2.8% |
| Other amounts receivable | 41 | €2,450 | €8,102 | +€5,652 | +231% |
| Cash at bank and in hand | 54/58 | €89,365 | €70,007 | -€19,358 | -21.7% |
| Deferred charges and accrued income | 490/1 | €756 | €797 | +€40 | +5.4% |
| Total equity and liabilities | 10/49 | €127,383 | €168,848 | +€41,465 | +32.6% |
| Equity | 10/15 | €115,342 | €5,000 | -€110,342 | -95.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €110,342 | - | -€110,342 | |
| Amounts payable | 17/49 | €12,041 | €163,848 | +€151,807 | +1,261% |
| Amounts payable within one year | 42/48 | €12,041 | €162,648 | +€150,607 | +1,251% |
| Trade debts | 44 | €3,150 | €1,485 | -€1,665 | -52.9% |
| Suppliers | 440/4 | €3,150 | €1,485 | -€1,665 | -52.9% |
| Taxes, remuneration and social security | 45 | €8,891 | €6,829 | -€2,062 | -23.2% |
| Taxes | 450/3 | €8,891 | €6,829 | -€2,062 | -23.2% |
| Other amounts payable | 47/48 | - | €154,334 | +€154,334 | |
| Accrued charges and deferred income | 492/3 | - | €1,200 | +€1,200 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,888 | €9,546 | +€1,658 | +21.0% |
| Other operating charges | 640/8 | €702 | €766 | +€65 | +9.2% |
| Gross operating margin | 9900 | €149,467 | €65,822 | -€83,645 | -56.0% |
| Operating profit (loss) | 9901 | €140,878 | €55,510 | -€85,368 | -60.6% |
| Financial income | 75/76B | €869 | €404 | -€465 | -53.6% |
| Recurring financial income | 75 | €869 | €404 | -€465 | -53.6% |
| Financial charges | 65/66B | €72 | €72 | -€0 | -0.2% |
| Recurring financial charges | 65 | €72 | €72 | -€0 | -0.2% |
| Profit (loss) for the period before taxes | 9903 | €141,675 | €55,842 | -€85,833 | -60.6% |
| Income taxes | 67/77 | €31,333 | €11,850 | -€19,483 | -62.2% |
| Profit (loss) for the period | 9904 | €110,342 | €43,992 | -€66,350 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €110,342 | €43,992 | -€66,350 | -60.1% |
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 27 October 2026 via checked.be.