Inge 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.
Inge Joosten
Largest movements
- Tangible fixed assets -€7,590
down €7,590 (-10.8%), from €70,199 to €62,609
of which Furniture and vehicles: -€5,894
- Cash -€7,178
down €7,178 (-10.6%), from €67,413 to €60,236
mainly Contributions, distributions and other (-€42,529) and Debts after one year (-€6,791)
- Receivables within one year -€2,418
down €2,418 (-26.2%), from €9,239 to €6,821
of which Trade receivables: -€2,389
- Deferred charges and accrued income +€1,730
up €1,730 (+401%), from €431 to €2,161
- Reserves -€7,797
down €7,797 (-13.7%), from €56,779 to €48,982
- Debts after one year -€6,791
down €6,791 (-34.0%), from €19,952 to €13,161
- Tax, wage and social debts +€6,033
up €6,033 (+41.2%), from €14,655 to €20,688
of which Taxes: +€3,783
- Other debts -€3,899
down €3,899 (-10.1%), from €38,781 to €34,882
- Current portion of long-term debt -€3,603
down €3,603 (-34.7%), from €10,394 to €6,791
- Gross operating margin +€8,654
up €8,654 (+17.3%), from €50,038 to €58,692
- Taxes +€2,312
up €2,312 (+24.0%), from €9,650 to €11,962
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 | €147,283 | €131,826 | -€15,457 | -10.5% |
| Fixed assets | 21/28 | €70,199 | €62,609 | -€7,590 | -10.8% |
| Tangible fixed assets | 22/27 | €70,199 | €62,609 | -€7,590 | -10.8% |
| Land and buildings | 22 | €48,889 | €47,366 | -€1,523 | -3.1% |
| Plant, machinery and equipment | 23 | €529 | €356 | -€173 | -32.8% |
| Furniture and vehicles | 24 | €20,782 | €14,888 | -€5,894 | -28.4% |
| Current assets | 29/58 | €77,084 | €69,217 | -€7,866 | -10.2% |
| Amounts receivable within one year | 40/41 | €9,239 | €6,821 | -€2,418 | -26.2% |
| Trade receivables | 40 | €8,681 | €6,291 | -€2,389 | -27.5% |
| Other amounts receivable | 41 | €559 | €530 | -€29 | -5.2% |
| Cash at bank and in hand | 54/58 | €67,413 | €60,236 | -€7,178 | -10.6% |
| Deferred charges and accrued income | 490/1 | €431 | €2,161 | +€1,730 | +401% |
| Total equity and liabilities | 10/49 | €147,283 | €131,826 | -€15,457 | -10.5% |
| Equity | 10/15 | €57,779 | €49,982 | -€7,797 | -13.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €56,779 | €48,982 | -€7,797 | -13.7% |
| Distributable reserves | 133 | €56,779 | €48,982 | -€7,797 | -13.7% |
| Amounts payable | 17/49 | €89,504 | €81,844 | -€7,659 | -8.6% |
| Amounts payable after more than one year | 17 | €19,952 | €13,161 | -€6,791 | -34.0% |
| Financial debts | 170/4 | €19,952 | €13,161 | -€6,791 | -34.0% |
| Amounts payable within one year | 42/48 | €69,352 | €68,483 | -€869 | -1.3% |
| Current portion of amounts payable after more than one year | 42 | €10,394 | €6,791 | -€3,603 | -34.7% |
| Trade debts | 44 | €5,522 | €6,122 | +€600 | +10.9% |
| Suppliers | 440/4 | €5,522 | €6,122 | +€600 | +10.9% |
| Taxes, remuneration and social security | 45 | €14,655 | €20,688 | +€6,033 | +41.2% |
| Taxes | 450/3 | €14,655 | €18,438 | +€3,783 | +25.8% |
| Remuneration and social security | 454/9 | - | €2,250 | +€2,250 | |
| Other amounts payable | 47/48 | €38,781 | €34,882 | -€3,899 | -10.1% |
| Accrued charges and deferred income | 492/3 | €200 | €200 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,403 | €11,446 | +€43 | +0.4% |
| Other operating charges | 640/8 | €1,362 | €1,165 | -€196 | -14.4% |
| Gross operating margin | 9900 | €50,038 | €58,692 | +€8,654 | +17.3% |
| Operating profit (loss) | 9901 | €37,273 | €46,080 | +€8,807 | +23.6% |
| Financial income | 75/76B | €766 | €1,267 | +€502 | +65.5% |
| Recurring financial income | 75 | €766 | €1,267 | +€502 | +65.5% |
| Financial charges | 65/66B | €806 | €653 | -€153 | -19.0% |
| Recurring financial charges | 65 | €806 | €653 | -€153 | -19.0% |
| Profit (loss) for the period before taxes | 9903 | €37,234 | €46,695 | +€9,461 | +25.4% |
| Income taxes | 67/77 | €9,650 | €11,962 | +€2,312 | +24.0% |
| Profit (loss) for the period | 9904 | €27,584 | €34,732 | +€7,149 | +25.9% |
| Profit (loss) for the period to be appropriated | 9905 | €27,584 | €34,732 | +€7,149 | +25.9% |
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.