Jan Heylen: what changed
Jan Heylen
Largest movements
- Cash +€17,648
up €17,648 (+145%), from €12,153 to €29,801
mainly Depreciation (+€23,410) and Net result for the year (+€19,892)
- Tangible fixed assets +€13,881
up €13,881 (+18.7%), from €74,129 to €88,010
of which Leasing and similar rights: +€33,996
- Stocks and contracts +€8,311
up €8,311 (+224%), from €3,711 to €12,022
- Receivables within one year -€5,291
down €5,291 (-34.1%), from €15,500 to €10,209
of which Trade receivables: -€4,707
- Reserves +€19,892
up €19,892 (+67.3%), from €29,551 to €49,443
- Debts after one year +€10,257
up €10,257 (+34.8%), from €29,472 to €39,729
- Current portion of long-term debt +€6,051
up €6,051 (+54.4%), from €11,114 to €17,165
- Tax, wage and social debts -€1,684
down €1,684 (-38.3%), from €4,393 to €2,709
of which Taxes: -€1,684
- Gross operating margin +€19,867
up €19,867 (+61.2%), from €32,480 to €52,347
- Taxes +€2,925
up €2,925 (+206%), from €1,418 to €4,343
- Depreciation +€1,865
up €1,865 (+8.7%), from €21,545 to €23,410
- Other operating charges +€1,472
up €1,472 (+126%), from €1,167 to €2,639
- Staff costs -€1,435
down €1,435 (-81.2%), from €1,768 to €333
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 | €107,769 | €142,950 | +€35,181 | +32.6% |
| Fixed assets | 21/28 | €74,129 | €88,010 | +€13,881 | +18.7% |
| Tangible fixed assets | 22/27 | €74,129 | €88,010 | +€13,881 | +18.7% |
| Plant, machinery and equipment | 23 | €4,924 | €5,663 | +€739 | +15.0% |
| Furniture and vehicles | 24 | €67,501 | €46,799 | -€20,702 | -30.7% |
| Leasing and similar rights | 25 | - | €33,996 | +€33,996 | |
| Other tangible fixed assets | 26 | €1,704 | €1,552 | -€152 | -8.9% |
| Current assets | 29/58 | €33,640 | €54,940 | +€21,300 | +63.3% |
| Stocks and contracts in progress | 3 | €3,711 | €12,022 | +€8,311 | +224% |
| Stocks | 30/36 | €3,711 | €12,022 | +€8,311 | +224% |
| Amounts receivable within one year | 40/41 | €15,500 | €10,209 | -€5,291 | -34.1% |
| Trade receivables | 40 | €10,932 | €6,225 | -€4,707 | -43.1% |
| Other amounts receivable | 41 | €4,568 | €3,984 | -€584 | -12.8% |
| Cash at bank and in hand | 54/58 | €12,153 | €29,801 | +€17,648 | +145% |
| Deferred charges and accrued income | 490/1 | €2,276 | €2,908 | +€632 | +27.8% |
| Total equity and liabilities | 10/49 | €107,769 | €142,950 | +€35,181 | +32.6% |
| Equity | 10/15 | €32,051 | €51,943 | +€19,892 | +62.1% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €29,551 | €49,443 | +€19,892 | +67.3% |
| Distributable reserves | 133 | €29,551 | €49,443 | +€19,892 | +67.3% |
| Amounts payable | 17/49 | €75,718 | €91,007 | +€15,289 | +20.2% |
| Amounts payable after more than one year | 17 | €29,472 | €39,729 | +€10,257 | +34.8% |
| Financial debts | 170/4 | €29,472 | €39,729 | +€10,257 | +34.8% |
| Amounts payable within one year | 42/48 | €41,604 | €45,753 | +€4,149 | +10.0% |
| Current portion of amounts payable after more than one year | 42 | €11,114 | €17,165 | +€6,051 | +54.4% |
| Trade debts | 44 | €15,606 | €15,197 | -€409 | -2.6% |
| Suppliers | 440/4 | €15,606 | €15,197 | -€409 | -2.6% |
| Taxes, remuneration and social security | 45 | €4,393 | €2,709 | -€1,684 | -38.3% |
| Taxes | 450/3 | €4,193 | €2,509 | -€1,684 | -40.2% |
| Remuneration and social security | 454/9 | €200 | €200 | = | 0.0% |
| Other amounts payable | 47/48 | €10,491 | €10,682 | +€191 | +1.8% |
| Accrued charges and deferred income | 492/3 | €4,642 | €5,525 | +€883 | +19.0% |
| Remuneration, social security and pensions | 62 | €1,768 | €333 | -€1,435 | -81.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,545 | €23,410 | +€1,865 | +8.7% |
| Other operating charges | 640/8 | €1,167 | €2,639 | +€1,472 | +126% |
| Gross operating margin | 9900 | €32,480 | €52,347 | +€19,867 | +61.2% |
| Operating profit (loss) | 9901 | €8,000 | €25,965 | +€17,965 | +225% |
| Financial income | 75/76B | €87 | €20 | -€67 | -77.0% |
| Recurring financial income | 75 | €87 | €20 | -€67 | -77.0% |
| Financial charges | 65/66B | €1,972 | €1,750 | -€222 | -11.3% |
| Recurring financial charges | 65 | €1,972 | €1,750 | -€222 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €6,115 | €24,235 | +€18,120 | +296% |
| Income taxes | 67/77 | €1,418 | €4,343 | +€2,925 | +206% |
| Profit (loss) for the period | 9904 | €4,697 | €19,892 | +€15,195 | +324% |
| Profit (loss) for the period to be appropriated | 9905 | €4,697 | €19,892 | +€15,195 | +324% |
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 6 November 2026 via checked.be.