Jan Van Gysegem: 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 Van Gysegem
Largest movements
- Receivables within one year -€167,616
down €167,616 (-41.8%), from €400,580 to €232,964
of which Other amounts receivable: -€167,946
- Current investments +€61,483
up €61,483 (+4.3%), from €1.4m to €1.5m
- Deferred charges and accrued income -€50,216
down €50,216 (-92.0%), from €54,577 to €4,361
- Receivables after one year -€38,258
down €38,258 (-100%), from €38,258 to €0
- Other debts -€353,845
down €353,845 (-89.3%), from €396,364 to €42,519
- Reserves +€200,035
up €200,035 (+11.0%), from €1.8m to €2.0m
of which Distributable reserves: +€284,235
- Debts after one year -€36,300
down €36,300 (-17.2%), from €211,300 to €175,000
of which Financial debts: -€35,000
- Financial charges +€99,246
up €99,246, from -€92,626 to €6,620
- Gross operating margin -€31,541
down €31,541 (-9.3%), from €339,568 to €308,028
- Taxes -€25,033
down €25,033 (-19.3%), from €129,475 to €104,442
- Financial income -€11,091
down €11,091 (-30.4%), from €36,435 to €25,344
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 | €2,573,069 | €2,372,282 | -€200,787 | -7.8% |
| Fixed assets | 21/28 | €504,703 | €485,845 | -€18,859 | -3.7% |
| Tangible fixed assets | 22/27 | €452,069 | €433,211 | -€18,859 | -4.2% |
| Land and buildings | 22 | €452,069 | €433,211 | -€18,859 | -4.2% |
| Financial fixed assets | 28 | €52,634 | €52,634 | = | 0.0% |
| Current assets | 29/58 | €2,068,366 | €1,886,437 | -€181,929 | -8.8% |
| Amounts receivable after more than one year | 29 | €38,258 | €0 | -€38,258 | -100% |
| Other amounts receivable | 291 | €38,258 | €0 | -€38,258 | -100% |
| Amounts receivable within one year | 40/41 | €400,580 | €232,964 | -€167,616 | -41.8% |
| Trade receivables | 40 | €109 | €439 | +€330 | +303% |
| Other amounts receivable | 41 | €400,471 | €232,525 | -€167,946 | -41.9% |
| Current investments | 50/53 | €1,415,691 | €1,477,173 | +€61,483 | +4.3% |
| Cash at bank and in hand | 54/58 | €159,260 | €171,938 | +€12,678 | +8.0% |
| Deferred charges and accrued income | 490/1 | €54,577 | €4,361 | -€50,216 | -92.0% |
| Total equity and liabilities | 10/49 | €2,573,069 | €2,372,282 | -€200,787 | -7.8% |
| Equity | 10/15 | €1,843,334 | €2,043,369 | +€200,035 | +10.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,824,734 | €2,024,769 | +€200,035 | +11.0% |
| Tax-exempt reserves | 132 | €84,200 | €0 | -€84,200 | -100% |
| Distributable reserves | 133 | €1,740,534 | €2,024,769 | +€284,235 | +16.3% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €729,736 | €328,913 | -€400,823 | -54.9% |
| Amounts payable after more than one year | 17 | €211,300 | €175,000 | -€36,300 | -17.2% |
| Financial debts | 170/4 | €210,000 | €175,000 | -€35,000 | -16.7% |
| Other amounts payable | 178/9 | €1,300 | €0 | -€1,300 | -100% |
| Amounts payable within one year | 42/48 | €517,723 | €150,957 | -€366,766 | -70.8% |
| Current portion of amounts payable after more than one year | 42 | €35,000 | €35,000 | = | 0.0% |
| Trade debts | 44 | €10,533 | €3,347 | -€7,185 | -68.2% |
| Suppliers | 440/4 | €10,533 | €3,347 | -€7,185 | -68.2% |
| Taxes, remuneration and social security | 45 | €75,826 | €70,091 | -€5,736 | -7.6% |
| Taxes | 450/3 | €75,826 | €70,091 | -€5,736 | -7.6% |
| Other amounts payable | 47/48 | €396,364 | €42,519 | -€353,845 | -89.3% |
| Accrued charges and deferred income | 492/3 | €713 | €2,956 | +€2,243 | +315% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,832 | €18,859 | +€26 | +0.1% |
| Other operating charges | 640/8 | €3,313 | €3,416 | +€103 | +3.1% |
| Gross operating margin | 9900 | €339,568 | €308,028 | -€31,541 | -9.3% |
| Operating profit (loss) | 9901 | €317,423 | €285,753 | -€31,670 | -10.0% |
| Financial income | 75/76B | €36,435 | €25,344 | -€11,091 | -30.4% |
| Recurring financial income | 75 | €36,435 | €25,344 | -€11,091 | -30.4% |
| Financial charges | 65/66B | -€92,626 | €6,620 | +€99,246 | |
| Recurring financial charges | 65 | -€92,626 | €6,620 | +€99,246 | |
| Profit (loss) for the period before taxes | 9903 | €446,484 | €304,477 | -€142,007 | -31.8% |
| Income taxes | 67/77 | €129,475 | €104,442 | -€25,033 | -19.3% |
| Profit (loss) for the period | 9904 | €317,009 | €200,035 | -€116,974 | -36.9% |
| Transfer from tax-exempt reserves | 789 | €147,350 | €84,200 | -€63,150 | -42.9% |
| Profit (loss) for the period to be appropriated | 9905 | €464,359 | €284,235 | -€180,124 | -38.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.