Jan Hebbelynck: what changed
Jan Hebbelynck
Largest movements
- Cash +€73,934
up €73,934 (+176%), from €42,062 to €115,996
mainly Receivables within one year (+€57,147) and Trade debts (+€23,763)
- Receivables within one year -€57,147
down €57,147 (-50.2%), from €113,929 to €56,782
of which Trade receivables: -€38,633
- Tangible fixed assets -€16,895
down €16,895 (-22.0%), from €76,762 to €59,867
of which Furniture and vehicles: -€15,020
- Deferred charges and accrued income +€4,599
new in 2025: €4,599
- Trade debts +€23,763
up €23,763 (+106%), from €22,442 to €46,205
- Other debts -€19,760
down €19,760 (-80.1%), from €24,665 to €4,905
- Depreciation +€10,135
up €10,135 (+124%), from €8,160 to €18,294
- Gross operating margin -€7,003
down €7,003 (-26.7%), from €26,222 to €19,219
- Taxes -€3,574
down €3,574 (-81.7%), from €4,376 to €802
- Financial charges -€2,263
down €2,263 (-97.1%), from €2,329 to €67
- Financial income +€1,099
up €1,099 (+80.6%), from €1,363 to €2,463
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €239,230 | €243,743 | +€4,513 | +1.9% |
| Fixed assets | 21/28 | €81,762 | €64,867 | -€16,895 | -20.7% |
| Tangible fixed assets | 22/27 | €76,762 | €59,867 | -€16,895 | -22.0% |
| Land and buildings | 22 | €8,512 | €7,213 | -€1,299 | -15.3% |
| Plant, machinery and equipment | 23 | €2,756 | €2,181 | -€575 | -20.9% |
| Furniture and vehicles | 24 | €65,494 | €50,474 | -€15,020 | -22.9% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €157,468 | €178,876 | +€21,408 | +13.6% |
| Stocks and contracts in progress | 3 | €1,476 | €1,500 | +€24 | +1.6% |
| Stocks | 30/36 | €1,476 | €1,500 | +€24 | +1.6% |
| Amounts receivable within one year | 40/41 | €113,929 | €56,782 | -€57,147 | -50.2% |
| Trade receivables | 40 | €72,159 | €33,526 | -€38,633 | -53.5% |
| Other amounts receivable | 41 | €41,770 | €23,256 | -€18,514 | -44.3% |
| Cash at bank and in hand | 54/58 | €42,062 | €115,996 | +€73,934 | +176% |
| Deferred charges and accrued income | 490/1 | - | €4,599 | +€4,599 | |
| Total equity and liabilities | 10/49 | €239,230 | €243,743 | +€4,513 | +1.9% |
| Equity | 10/15 | €189,804 | €191,331 | +€1,526 | +0.8% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €183,599 | €185,125 | +€1,526 | +0.8% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €162,989 | €164,515 | +€1,526 | +0.9% |
| Amounts payable | 17/49 | €49,426 | €52,413 | +€2,987 | +6.0% |
| Amounts payable within one year | 42/48 | €49,039 | €52,413 | +€3,374 | +6.9% |
| Trade debts | 44 | €22,442 | €46,205 | +€23,763 | +106% |
| Suppliers | 440/4 | €22,442 | €46,205 | +€23,763 | +106% |
| Taxes, remuneration and social security | 45 | €1,932 | €1,303 | -€629 | -32.6% |
| Taxes | 450/3 | €1,932 | €1,303 | -€629 | -32.6% |
| Other amounts payable | 47/48 | €24,665 | €4,905 | -€19,760 | -80.1% |
| Accrued charges and deferred income | 492/3 | €387 | - | -€387 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,160 | €18,294 | +€10,135 | +124% |
| Other operating charges | 640/8 | €1,221 | €993 | -€228 | -18.7% |
| Gross operating margin | 9900 | €26,222 | €19,219 | -€7,003 | -26.7% |
| Operating profit (loss) | 9901 | €16,841 | -€68 | -€16,909 | |
| Financial income | 75/76B | €1,363 | €2,463 | +€1,099 | +80.6% |
| Recurring financial income | 75 | €1,363 | €2,463 | +€1,099 | +80.6% |
| Financial charges | 65/66B | €2,329 | €67 | -€2,263 | -97.1% |
| Recurring financial charges | 65 | €2,329 | €67 | -€2,263 | -97.1% |
| Profit (loss) for the period before taxes | 9903 | €15,875 | €2,328 | -€13,547 | -85.3% |
| Income taxes | 67/77 | €4,376 | €802 | -€3,574 | -81.7% |
| Profit (loss) for the period | 9904 | €11,499 | €1,526 | -€9,973 | -86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €11,499 | €1,526 | -€9,973 | -86.7% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.