Jan De Bock: 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.
Jan De Bock
Largest movements
- Receivables after one year +€313,880
up €313,880 (+27.1%), from €1.2m to €1.5m
- Tangible fixed assets +€156,018
up €156,018 (+79.4%), from €196,586 to €352,604
of which Other tangible fixed assets: +€202,600
- Cash +€119,538
up €119,538 (+330%), from €36,221 to €155,760
mainly Net result for the year (+€878,565) and Tax, wage and social debts (+€140,952)
- Current investments +€82,501
new in 2025: €82,501
- Receivables within one year -€34,301
down €34,301 (-94.7%), from €36,218 to €1,916
of which Other amounts receivable: -€34,106
- Reserves +€778,565
up €778,565 (+41,858%), from €1,860 to €780,425
- Profit (loss) carried forward -€400,000
down €400,000 (-96.6%), from €414,238 to €14,238
- Tax, wage and social debts +€140,952
up €140,952 (+5,034%), from €2,800 to €143,752
- Other debts +€113,536
up €113,536 (+10.9%), from €1.0m to €1.2m
- Trade debts +€27,732
up €27,732 (+627%), from €4,420 to €32,152
- Gross operating margin +€197,654
up €197,654 (+18.9%), from €1.0m to €1.2m
- Taxes +€138,077
up €138,077 (+52.5%), from €262,970 to €401,048
- Financial income +€22,768
up €22,768 (+35.9%), from €63,424 to €86,192
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 | €1,493,805 | €2,152,959 | +€659,154 | +44.1% |
| Fixed assets | 21/28 | €196,586 | €352,604 | +€156,018 | +79.4% |
| Tangible fixed assets | 22/27 | €196,586 | €352,604 | +€156,018 | +79.4% |
| Land and buildings | 22 | €12,228 | - | -€12,228 | |
| Plant, machinery and equipment | 23 | €763 | €431 | -€333 | -43.6% |
| Furniture and vehicles | 24 | €108,180 | €74,159 | -€34,021 | -31.4% |
| Other tangible fixed assets | 26 | €75,414 | €278,014 | +€202,600 | +269% |
| Current assets | 29/58 | €1,297,220 | €1,800,355 | +€503,136 | +38.8% |
| Amounts receivable after more than one year | 29 | €1,160,248 | €1,474,128 | +€313,880 | +27.1% |
| Other amounts receivable | 291 | €1,160,248 | €1,474,128 | +€313,880 | +27.1% |
| Amounts receivable within one year | 40/41 | €36,218 | €1,916 | -€34,301 | -94.7% |
| Trade receivables | 40 | €195 | - | -€195 | |
| Other amounts receivable | 41 | €36,022 | €1,916 | -€34,106 | -94.7% |
| Current investments | 50/53 | - | €82,501 | +€82,501 | |
| Cash at bank and in hand | 54/58 | €36,221 | €155,760 | +€119,538 | +330% |
| Deferred charges and accrued income | 490/1 | €64,533 | €86,051 | +€21,518 | +33.3% |
| Total equity and liabilities | 10/49 | €1,493,805 | €2,152,959 | +€659,154 | +44.1% |
| Equity | 10/15 | €434,698 | €813,263 | +€378,565 | +87.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €780,425 | +€778,565 | +41,858% |
| Distributable reserves | 133 | €1,860 | €780,425 | +€778,565 | +41,858% |
| Profit (loss) carried forward | 14 | €414,238 | €14,238 | -€400,000 | -96.6% |
| Amounts payable | 17/49 | €1,059,107 | €1,339,696 | +€280,589 | +26.5% |
| Amounts payable within one year | 42/48 | €1,045,758 | €1,327,978 | +€282,221 | +27.0% |
| Trade debts | 44 | €4,420 | €32,152 | +€27,732 | +627% |
| Suppliers | 440/4 | €4,420 | €32,152 | +€27,732 | +627% |
| Taxes, remuneration and social security | 45 | €2,800 | €143,752 | +€140,952 | +5,034% |
| Taxes | 450/3 | €2,800 | €143,752 | +€140,952 | +5,034% |
| Other amounts payable | 47/48 | €1,038,537 | €1,152,074 | +€113,536 | +10.9% |
| Accrued charges and deferred income | 492/3 | €13,350 | €11,718 | -€1,632 | -12.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,867 | €42,978 | +€1,111 | +2.7% |
| Other operating charges | 640/8 | €1,913 | €2,098 | +€185 | +9.6% |
| Gross operating margin | 9900 | €1,048,507 | €1,246,161 | +€197,654 | +18.9% |
| Operating profit (loss) | 9901 | €1,004,727 | €1,201,085 | +€196,358 | +19.5% |
| Financial income | 75/76B | €63,424 | €86,192 | +€22,768 | +35.9% |
| Recurring financial income | 75 | €63,424 | €86,192 | +€22,768 | +35.9% |
| Financial charges | 65/66B | €7,147 | €7,664 | +€517 | +7.2% |
| Recurring financial charges | 65 | €7,147 | €7,664 | +€517 | +7.2% |
| Profit (loss) for the period before taxes | 9903 | €1,061,004 | €1,279,613 | +€218,609 | +20.6% |
| Income taxes | 67/77 | €262,970 | €401,048 | +€138,077 | +52.5% |
| Profit (loss) for the period | 9904 | €798,034 | €878,565 | +€80,531 | +10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €798,034 | €878,565 | +€80,531 | +10.1% |
Source: filed annual accounts (NBB), financial years ended 30 November 2024 and 30 November 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 14 October 2026 via checked.be.