Jan Aerts: 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.
Jan Aerts
Largest movements
- Cash +€127,468
up €127,468 (+101.2%), from €125,998 to €253,466
mainly Net result for the year (+€166,660) and Other debts (+€81,667)
- Current investments +€50,000
up €50,000 (+20.0%), from €250,000 to €300,000
- Tangible fixed assets -€19,895
down €19,895 (-48.6%), from €40,968 to €21,073
of which Furniture and vehicles: -€18,493
- Receivables within one year +€16,526
up €16,526 (+40.9%), from €40,426 to €56,952
of which Trade receivables: +€13,315
- Other debts +€81,667
up €81,667 (+148.7%), from €54,923 to €136,590
- Profit (loss) carried forward +€80,000
new in 2025: €80,000
- Gross operating margin +€55,996
up €55,996 (+30.9%), from €181,458 to €237,455
- Taxes +€2,955
up €2,955 (+6.4%), from €46,057 to €49,012
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 | €588,455 | €757,189 | +€168,734 | +28.7% |
| Fixed assets | 21/28 | €40,968 | €21,073 | -€19,895 | -48.6% |
| Tangible fixed assets | 22/27 | €40,968 | €21,073 | -€19,895 | -48.6% |
| Land and buildings | 22 | €9,367 | €7,965 | -€1,402 | -15.0% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €31,601 | €13,108 | -€18,493 | -58.5% |
| Current assets | 29/58 | €547,487 | €736,116 | +€188,629 | +34.5% |
| Stocks and contracts in progress | 3 | €124,873 | €121,328 | -€3,545 | -2.8% |
| Stocks | 30/36 | €65,069 | €41,200 | -€23,869 | -36.7% |
| Contracts in progress | 37 | €59,804 | €80,128 | +€20,325 | +34.0% |
| Amounts receivable within one year | 40/41 | €40,426 | €56,952 | +€16,526 | +40.9% |
| Trade receivables | 40 | €5,187 | €18,502 | +€13,315 | +256.7% |
| Other amounts receivable | 41 | €35,238 | €38,449 | +€3,211 | +9.1% |
| Current investments | 50/53 | €250,000 | €300,000 | +€50,000 | +20.0% |
| Cash at bank and in hand | 54/58 | €125,998 | €253,466 | +€127,468 | +101.2% |
| Deferred charges and accrued income | 490/1 | €6,190 | €4,370 | -€1,820 | -29.4% |
| Total equity and liabilities | 10/49 | €588,455 | €757,189 | +€168,734 | +28.7% |
| Equity | 10/15 | €524,136 | €604,136 | +€80,000 | +15.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €521,136 | €521,136 | = | 0.0% |
| Distributable reserves | 133 | €521,136 | €521,136 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €80,000 | +€80,000 | |
| Amounts payable | 17/49 | €64,319 | €153,052 | +€88,734 | +138.0% |
| Amounts payable within one year | 42/48 | €64,319 | €153,052 | +€88,734 | +138.0% |
| Taxes, remuneration and social security | 45 | €9,396 | €16,462 | +€7,067 | +75.2% |
| Taxes | 450/3 | €7,246 | €14,312 | +€7,067 | +97.5% |
| Remuneration and social security | 454/9 | €2,150 | €2,150 | = | 0.0% |
| Other amounts payable | 47/48 | €54,923 | €136,590 | +€81,667 | +148.7% |
| Non-recurring operating income | 76A | €1,525 | - | -€1,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,245 | €19,895 | -€1,350 | -6.4% |
| Other operating charges | 640/8 | €836 | €780 | -€55 | -6.6% |
| Gross operating margin | 9900 | €181,458 | €237,455 | +€55,996 | +30.9% |
| Operating profit (loss) | 9901 | €159,378 | €216,779 | +€57,401 | +36.0% |
| Financial income | 75/76B | €3,381 | €3,325 | -€56 | -1.7% |
| Recurring financial income | 75 | €3,381 | €3,325 | -€56 | -1.7% |
| Financial charges | 65/66B | €4,011 | €4,432 | +€420 | +10.5% |
| Recurring financial charges | 65 | €4,011 | €4,432 | +€420 | +10.5% |
| Profit (loss) for the period before taxes | 9903 | €158,748 | €215,672 | +€56,925 | +35.9% |
| Income taxes | 67/77 | €46,057 | €49,012 | +€2,955 | +6.4% |
| Profit (loss) for the period | 9904 | €112,690 | €166,660 | +€53,970 | +47.9% |
| Profit (loss) for the period to be appropriated | 9905 | €112,690 | €166,660 | +€53,970 | +47.9% |
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.