JAN KOOREMANS: 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 KOOREMANS
Largest movements
- Cash -€196,147
down €196,147 (-76.5%), from €256,527 to €60,380
mainly Other debts (-€226,010) and Stocks and contracts (-€122,750)
- Stocks and contracts +€122,750
up €122,750 (+233%), from €52,654 to €175,404
- Receivables within one year -€32,749
down €32,749 (-8.6%), from €382,954 to €350,205
of which Other amounts receivable: -€46,631
- Tangible fixed assets -€14,340
down €14,340 (-22.3%), from €64,355 to €50,015
of which Furniture and vehicles: -€11,452
- Other debts -€226,010
down €226,010 (-60.2%), from €375,411 to €149,400
- Reserves +€86,172
up €86,172 (+27.7%), from €311,605 to €397,777
of which Distributable reserves: +€86,172
- Trade debts +€18,288
up €18,288 (+141%), from €13,006 to €31,294
- Gross operating margin -€8,632
down €8,632 (-6.2%), from €138,288 to €129,655
- Taxes -€1,624
down €1,624 (-3.8%), from €42,760 to €41,136
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 | €908,181 | €787,779 | -€120,402 | -13.3% |
| Fixed assets | 21/28 | €214,355 | €200,015 | -€14,340 | -6.7% |
| Tangible fixed assets | 22/27 | €64,355 | €50,015 | -€14,340 | -22.3% |
| Land and buildings | 22 | €4,259 | €3,680 | -€579 | -13.6% |
| Plant, machinery and equipment | 23 | €16,941 | €14,632 | -€2,310 | -13.6% |
| Furniture and vehicles | 24 | €43,155 | €31,703 | -€11,452 | -26.5% |
| Financial fixed assets | 28 | €150,000 | €150,000 | = | 0.0% |
| Current assets | 29/58 | €693,827 | €587,764 | -€106,062 | -15.3% |
| Stocks and contracts in progress | 3 | €52,654 | €175,404 | +€122,750 | +233% |
| Stocks | 30/36 | €52,654 | €175,404 | +€122,750 | +233% |
| Amounts receivable within one year | 40/41 | €382,954 | €350,205 | -€32,749 | -8.6% |
| Trade receivables | 40 | - | €13,882 | +€13,882 | |
| Other amounts receivable | 41 | €382,954 | €336,322 | -€46,631 | -12.2% |
| Cash at bank and in hand | 54/58 | €256,527 | €60,380 | -€196,147 | -76.5% |
| Deferred charges and accrued income | 490/1 | €1,692 | €1,776 | +€84 | +4.9% |
| Total equity and liabilities | 10/49 | €908,181 | €787,779 | -€120,402 | -13.3% |
| Equity | 10/15 | €510,205 | €596,377 | +€86,172 | +16.9% |
| Contributions | 10/11 | €198,600 | €198,600 | = | 0.0% |
| Reserves | 13 | €311,605 | €397,777 | +€86,172 | +27.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €311,605 | €397,777 | +€86,172 | +27.7% |
| Amounts payable | 17/49 | €397,976 | €191,402 | -€206,574 | -51.9% |
| Amounts payable within one year | 42/48 | €397,976 | €191,402 | -€206,574 | -51.9% |
| Trade debts | 44 | €13,006 | €31,294 | +€18,288 | +141% |
| Suppliers | 440/4 | €13,006 | €31,294 | +€18,288 | +141% |
| Taxes, remuneration and social security | 45 | €9,559 | €10,708 | +€1,148 | +12.0% |
| Taxes | 450/3 | €9,559 | €10,708 | +€1,148 | +12.0% |
| Other amounts payable | 47/48 | €375,411 | €149,400 | -€226,010 | -60.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,938 | €14,340 | -€598 | -4.0% |
| Other operating charges | 640/8 | €1,358 | €928 | -€430 | -31.7% |
| Gross operating margin | 9900 | €138,288 | €129,655 | -€8,632 | -6.2% |
| Operating profit (loss) | 9901 | €121,992 | €114,387 | -€7,604 | -6.2% |
| Financial income | 75/76B | €12,764 | €12,964 | +€201 | +1.6% |
| Recurring financial income | 75 | €12,764 | €12,964 | +€201 | +1.6% |
| Financial charges | 65/66B | €45 | €44 | -€1 | -2.0% |
| Recurring financial charges | 65 | €45 | €44 | -€1 | -2.0% |
| Profit (loss) for the period before taxes | 9903 | €134,710 | €127,307 | -€7,403 | -5.5% |
| Income taxes | 67/77 | €42,760 | €41,136 | -€1,624 | -3.8% |
| Profit (loss) for the period | 9904 | €91,950 | €86,172 | -€5,779 | -6.3% |
| Profit (loss) for the period to be appropriated | 9905 | €91,950 | €86,172 | -€5,779 | -6.3% |
Source: filed annual accounts (NBB), financial years ended 30 April 2024 and 30 April 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.