JAN DEVINCK: 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 DEVINCK
Largest movements
- Receivables after one year -€20,000
down €20,000 (-13.3%), from €150,000 to €130,000
- Cash -€6,637
down €6,637 (-79.5%), from €8,345 to €1,707
mainly Other debts (-€16,682) and Net result for the year (-€6,757)
- Tangible fixed assets -€6,157
down €6,157 (-29.6%), from €20,793 to €14,636
of which Furniture and vehicles: -€5,112
- Receivables within one year +€4,226
up €4,226 (+317.3%), from €1,332 to €5,558
of which Trade receivables: +€4,156
- Other debts -€16,682
down €16,682 (-77.6%), from €21,500 to €4,818
- Reserves -€13,915
down €13,915 (-9.6%), from €144,905 to €130,990
of which Distributable reserves: -€13,915
- Profit (loss) carried forward +€7,158
up €7,158, from €0 to €7,158
- Tax, wage and social debts -€4,269
down €4,269 (-74.2%), from €5,756 to €1,487
- Trade debts -€2,440
down €2,440 (-69.2%), from €3,529 to €1,088
- Gross operating margin -€16,197
down €16,197 (-94.2%), from €17,202 to €1,005
- Taxes -€3,817
down €3,817 (-90.5%), from €4,217 to €400
- Other operating charges -€545
down €545 (-38.8%), from €1,405 to €860
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €182,690 | €152,542 | -€30,148 | -16.5% |
| Fixed assets | 21/28 | €20,793 | €14,636 | -€6,157 | -29.6% |
| Tangible fixed assets | 22/27 | €20,793 | €14,636 | -€6,157 | -29.6% |
| Plant, machinery and equipment | 23 | €3,831 | €2,787 | -€1,044 | -27.3% |
| Furniture and vehicles | 24 | €16,961 | €11,849 | -€5,112 | -30.1% |
| Current assets | 29/58 | €161,897 | €137,906 | -€23,992 | -14.8% |
| Amounts receivable after more than one year | 29 | €150,000 | €130,000 | -€20,000 | -13.3% |
| Other amounts receivable | 291 | €150,000 | €130,000 | -€20,000 | -13.3% |
| Amounts receivable within one year | 40/41 | €1,332 | €5,558 | +€4,226 | +317.3% |
| Trade receivables | 40 | €1,231 | €5,387 | +€4,156 | +337.5% |
| Other amounts receivable | 41 | €101 | €171 | +€70 | +69.6% |
| Cash at bank and in hand | 54/58 | €8,345 | €1,707 | -€6,637 | -79.5% |
| Deferred charges and accrued income | 490/1 | €2,221 | €641 | -€1,580 | -71.1% |
| Total equity and liabilities | 10/49 | €182,690 | €152,542 | -€30,148 | -16.5% |
| Equity | 10/15 | €151,905 | €145,148 | -€6,757 | -4.4% |
| Contributions | 10/11 | €7,000 | €7,000 | = | 0.0% |
| Reserves | 13 | €144,905 | €130,990 | -€13,915 | -9.6% |
| Tax-exempt reserves | 132 | €1,750 | €1,750 | = | 0.0% |
| Distributable reserves | 133 | €143,155 | €129,240 | -€13,915 | -9.7% |
| Profit (loss) carried forward | 14 | €0 | €7,158 | +€7,158 | |
| Amounts payable | 17/49 | €30,785 | €7,393 | -€23,391 | -76.0% |
| Amounts payable within one year | 42/48 | €30,785 | €7,393 | -€23,391 | -76.0% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €3,529 | €1,088 | -€2,440 | -69.2% |
| Suppliers | 440/4 | €3,529 | €1,088 | -€2,440 | -69.2% |
| Taxes, remuneration and social security | 45 | €5,756 | €1,487 | -€4,269 | -74.2% |
| Taxes | 450/3 | €5,756 | €1,487 | -€4,269 | -74.2% |
| Other amounts payable | 47/48 | €21,500 | €4,818 | -€16,682 | -77.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,157 | €6,157 | -€0 | 0.0% |
| Other operating charges | 640/8 | €1,405 | €860 | -€545 | -38.8% |
| Gross operating margin | 9900 | €17,202 | €1,005 | -€16,197 | -94.2% |
| Operating profit (loss) | 9901 | €9,641 | -€6,011 | -€15,652 | |
| Financial income | 75/76B | €3 | €62 | +€58 | +1697.4% |
| Recurring financial income | 75 | €3 | €62 | +€58 | +1697.4% |
| Financial charges | 65/66B | €425 | €407 | -€18 | -4.1% |
| Recurring financial charges | 65 | €425 | €407 | -€18 | -4.1% |
| Profit (loss) for the period before taxes | 9903 | €9,219 | -€6,357 | -€15,576 | |
| Income taxes | 67/77 | €4,217 | €400 | -€3,817 | -90.5% |
| Profit (loss) for the period | 9904 | €5,003 | -€6,757 | -€11,759 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,003 | -€6,757 | -€11,759 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.