JAN VERVLOET: 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 VERVLOET
Largest movements
- Current investments -€37,326
down €37,326 (-77.5%), from €48,136 to €10,810
- Tangible fixed assets +€17,826
up €17,826 (+60.6%), from €29,397 to €47,223
of which Furniture and vehicles: +€17,020
- Deferred charges and accrued income +€12,487
up €12,487 (+286%), from €4,362 to €16,849
- Receivables within one year +€6,465
up €6,465 (+57.6%), from €11,219 to €17,684
of which Trade receivables: +€3,603
- Cash +€3,013
up €3,013 (+76.3%), from €3,948 to €6,961
mainly Current investments (+€37,326) and Depreciation (+€3,844)
- Other debts -€3,798
down €3,798 (-90.3%), from €4,204 to €406
- Reserves +€2,995
up €2,995 (+6.4%), from €47,160 to €50,155
- Tax, wage and social debts +€2,663
up €2,663 (+332%), from €801 to €3,464
- Gross operating margin -€7,818
down €7,818 (-32.2%), from €24,257 to €16,439
- Financial charges +€5,729
up €5,729 (+4,897%), from €117 to €5,846
of which Non-recurring financial charges: +€5,741
- Depreciation -€4,646
down €4,646 (-54.7%), from €8,490 to €3,844
- Taxes -€2,233
down €2,233 (-41.9%), from €5,327 to €3,094
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 | €97,062 | €99,527 | +€2,465 | +2.5% |
| Fixed assets | 21/28 | €29,397 | €47,223 | +€17,826 | +60.6% |
| Tangible fixed assets | 22/27 | €29,397 | €47,223 | +€17,826 | +60.6% |
| Plant, machinery and equipment | 23 | €5,160 | €5,966 | +€806 | +15.6% |
| Furniture and vehicles | 24 | €24,237 | €41,257 | +€17,020 | +70.2% |
| Current assets | 29/58 | €67,665 | €52,304 | -€15,361 | -22.7% |
| Amounts receivable within one year | 40/41 | €11,219 | €17,684 | +€6,465 | +57.6% |
| Trade receivables | 40 | €6,484 | €10,087 | +€3,603 | +55.6% |
| Other amounts receivable | 41 | €4,735 | €7,597 | +€2,862 | +60.4% |
| Current investments | 50/53 | €48,136 | €10,810 | -€37,326 | -77.5% |
| Cash at bank and in hand | 54/58 | €3,948 | €6,961 | +€3,013 | +76.3% |
| Deferred charges and accrued income | 490/1 | €4,362 | €16,849 | +€12,487 | +286% |
| Total equity and liabilities | 10/49 | €97,062 | €99,527 | +€2,465 | +2.5% |
| Equity | 10/15 | €91,605 | €94,600 | +€2,995 | +3.3% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €47,160 | €50,155 | +€2,995 | +6.4% |
| Distributable reserves | 133 | €47,160 | €50,155 | +€2,995 | +6.4% |
| Profit (loss) carried forward | 14 | €25,853 | €25,853 | = | 0.0% |
| Amounts payable | 17/49 | €5,457 | €4,927 | -€530 | -9.7% |
| Amounts payable within one year | 42/48 | €5,457 | €4,927 | -€530 | -9.7% |
| Trade debts | 44 | €452 | €1,057 | +€605 | +134% |
| Suppliers | 440/4 | €452 | €1,057 | +€605 | +134% |
| Taxes, remuneration and social security | 45 | €801 | €3,464 | +€2,663 | +332% |
| Taxes | 450/3 | €801 | €3,464 | +€2,663 | +332% |
| Other amounts payable | 47/48 | €4,204 | €406 | -€3,798 | -90.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,490 | €3,844 | -€4,646 | -54.7% |
| Other operating charges | 640/8 | €743 | €933 | +€190 | +25.6% |
| Gross operating margin | 9900 | €24,257 | €16,439 | -€7,818 | -32.2% |
| Operating profit (loss) | 9901 | €15,024 | €11,662 | -€3,362 | -22.4% |
| Financial income | 75/76B | €205 | €273 | +€68 | +33.2% |
| Recurring financial income | 75 | €205 | €273 | +€68 | +33.2% |
| Financial charges | 65/66B | €117 | €5,846 | +€5,729 | +4,897% |
| Recurring financial charges | 65 | €117 | €105 | -€12 | -10.3% |
| Non-recurring financial charges | 66B | - | €5,741 | +€5,741 | |
| Profit (loss) for the period before taxes | 9903 | €15,112 | €6,089 | -€9,023 | -59.7% |
| Income taxes | 67/77 | €5,327 | €3,094 | -€2,233 | -41.9% |
| Profit (loss) for the period | 9904 | €9,785 | €2,995 | -€6,790 | -69.4% |
| Profit (loss) for the period to be appropriated | 9905 | €9,785 | €2,995 | -€6,790 | -69.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.