Jan Van Aerschot: what changed
You see two financial years side by side: what moved most in the balance sheet and the result, why the result rose or fell and where the money went.
Jan Van Aerschot
Largest movements
- Tangible fixed assets +€81,551
up €81,551 (+3,042%), from €2,681 to €84,231
of which Furniture and vehicles: +€77,419
- Cash -€30,318
down €30,318 (-55.0%), from €55,078 to €24,760
mainly Investment in fixed assets (net) (-€84,349) and Contributions, distributions and other (-€45,000)
- Deferred charges and accrued income +€2,724
up €2,724 (+453%), from €601 to €3,325
- Debts after one year +€48,420
new in 2025: €48,420
- Current portion of long-term debt +€16,580
new in 2025: €16,580
- Tax, wage and social debts -€10,917
down €10,917 (-94.2%), from €11,584 to €668
- Profit (loss) carried forward +€6,189
up €6,189 (+1,726%), from €359 to €6,547
- Other debts -€6,063
down €6,063 (-14.4%), from €42,000 to €35,937
- Gross operating margin +€9,319
up €9,319 (+15.2%), from €61,362 to €70,682
- Depreciation -€2,168
down €2,168 (-43.6%), from €4,966 to €2,799
- Taxes +€1,863
up €1,863 (+14.5%), from €12,805 to €14,668
- Financial charges +€1,344
up €1,344 (+476%), from €283 to €1,627
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 | €73,437 | €128,412 | +€54,974 | +74.9% |
| Fixed assets | 21/28 | €2,681 | €84,231 | +€81,551 | +3,042% |
| Tangible fixed assets | 22/27 | €2,681 | €84,231 | +€81,551 | +3,042% |
| Plant, machinery and equipment | 23 | - | €4,131 | +€4,131 | |
| Furniture and vehicles | 24 | €2,681 | €80,100 | +€77,419 | +2,888% |
| Current assets | 29/58 | €70,757 | €44,180 | -€26,576 | -37.6% |
| Amounts receivable within one year | 40/41 | €15,078 | €16,095 | +€1,017 | +6.7% |
| Trade receivables | 40 | €15,078 | €15,972 | +€894 | +5.9% |
| Other amounts receivable | 41 | €0 | €123 | +€123 | |
| Cash at bank and in hand | 54/58 | €55,078 | €24,760 | -€30,318 | -55.0% |
| Deferred charges and accrued income | 490/1 | €601 | €3,325 | +€2,724 | +453% |
| Total equity and liabilities | 10/49 | €73,437 | €128,412 | +€54,974 | +74.9% |
| Equity | 10/15 | €18,959 | €25,147 | +€6,189 | +32.6% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €359 | €6,547 | +€6,189 | +1,726% |
| Amounts payable | 17/49 | €54,479 | €103,264 | +€48,786 | +89.5% |
| Amounts payable after more than one year | 17 | - | €48,420 | +€48,420 | |
| Financial debts | 170/4 | - | €48,420 | +€48,420 | |
| Amounts payable within one year | 42/48 | €54,479 | €54,845 | +€366 | +0.7% |
| Current portion of amounts payable after more than one year | 42 | - | €16,580 | +€16,580 | |
| Trade debts | 44 | €895 | €1,659 | +€765 | +85.5% |
| Suppliers | 440/4 | €895 | €1,659 | +€765 | +85.5% |
| Taxes, remuneration and social security | 45 | €11,584 | €668 | -€10,917 | -94.2% |
| Taxes | 450/3 | €11,584 | €668 | -€10,917 | -94.2% |
| Other amounts payable | 47/48 | €42,000 | €35,937 | -€6,063 | -14.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,966 | €2,799 | -€2,168 | -43.6% |
| Other operating charges | 640/8 | €952 | €400 | -€553 | -58.0% |
| Gross operating margin | 9900 | €61,362 | €70,682 | +€9,319 | +15.2% |
| Operating profit (loss) | 9901 | €55,443 | €67,483 | +€12,039 | +21.7% |
| Financial charges | 65/66B | €283 | €1,627 | +€1,344 | +476% |
| Recurring financial charges | 65 | €283 | €1,627 | +€1,344 | +476% |
| Profit (loss) for the period before taxes | 9903 | €55,161 | €65,856 | +€10,695 | +19.4% |
| Income taxes | 67/77 | €12,805 | €14,668 | +€1,863 | +14.5% |
| Profit (loss) for the period | 9904 | €42,356 | €51,189 | +€8,832 | +20.9% |
| Profit (loss) for the period to be appropriated | 9905 | €42,356 | €51,189 | +€8,832 | +20.9% |
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 1 November 2026 via checked.be.