Jan Vrijsen: 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 Vrijsen
Largest movements
- Cash -€108,182
down €108,182 (-78.4%), from €137,959 to €29,777
mainly Contributions, distributions and other (-€134,232) and Investment in fixed assets (net) (-€52,737)
- Tangible fixed assets +€50,818
up €50,818 (+321%), from €15,855 to €66,673
of which Assets under construction and advance payments: +€47,355
- Receivables within one year +€2,304
up €2,304 (+12.6%), from €18,233 to €20,537
of which Other amounts receivable: +€2,234
- Reserves -€85,687
down €85,687 (-64.4%), from €133,000 to €47,313
- Other debts +€43,635
up €43,635 (+5,238%), from €833 to €44,468
- Tax, wage and social debts -€10,844
down €10,844 (-57.6%), from €18,837 to €7,993
- Gross operating margin +€904
up €904 (+1.5%), from €61,504 to €62,408
- Taxes -€762
down €762 (-6.2%), from €12,383 to €11,620
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 | €172,394 | €118,631 | -€53,763 | -31.2% |
| Fixed assets | 21/28 | €15,855 | €66,673 | +€50,818 | +321% |
| Tangible fixed assets | 22/27 | €15,855 | €66,673 | +€50,818 | +321% |
| Land and buildings | 22 | €1,810 | €1,567 | -€243 | -13.4% |
| Plant, machinery and equipment | 23 | €2,496 | €6,203 | +€3,707 | +148% |
| Assets under construction and advance payments | 27 | €11,548 | €58,903 | +€47,355 | +410% |
| Current assets | 29/58 | €156,539 | €51,959 | -€104,581 | -66.8% |
| Amounts receivable within one year | 40/41 | €18,233 | €20,537 | +€2,304 | +12.6% |
| Trade receivables | 40 | €18,220 | €18,291 | +€70 | +0.4% |
| Other amounts receivable | 41 | €13 | €2,247 | +€2,234 | +17,645% |
| Cash at bank and in hand | 54/58 | €137,959 | €29,777 | -€108,182 | -78.4% |
| Deferred charges and accrued income | 490/1 | €348 | €1,644 | +€1,297 | +373% |
| Total equity and liabilities | 10/49 | €172,394 | €118,631 | -€53,763 | -31.2% |
| Equity | 10/15 | €149,232 | €62,313 | -€86,919 | -58.2% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €133,000 | €47,313 | -€85,687 | -64.4% |
| Distributable reserves | 133 | €133,000 | €47,313 | -€85,687 | -64.4% |
| Profit (loss) carried forward | 14 | €1,232 | €0 | -€1,232 | -100% |
| Amounts payable | 17/49 | €23,162 | €56,319 | +€33,156 | +143% |
| Amounts payable within one year | 42/48 | €22,520 | €55,653 | +€33,134 | +147% |
| Trade debts | 44 | €2,850 | €3,193 | +€343 | +12.0% |
| Suppliers | 440/4 | €2,850 | €3,193 | +€343 | +12.0% |
| Taxes, remuneration and social security | 45 | €18,837 | €7,993 | -€10,844 | -57.6% |
| Taxes | 450/3 | €18,837 | €7,993 | -€10,844 | -57.6% |
| Other amounts payable | 47/48 | €833 | €44,468 | +€43,635 | +5,238% |
| Accrued charges and deferred income | 492/3 | €642 | €665 | +€23 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,325 | €1,919 | +€594 | +44.8% |
| Other operating charges | 640/8 | €1,192 | €1,034 | -€158 | -13.3% |
| Gross operating margin | 9900 | €61,504 | €62,408 | +€904 | +1.5% |
| Operating profit (loss) | 9901 | €58,987 | €59,456 | +€469 | +0.8% |
| Financial income | 75/76B | €6 | €8 | +€2 | +33.7% |
| Recurring financial income | 75 | €6 | €8 | +€2 | +33.7% |
| Financial charges | 65/66B | €472 | €530 | +€59 | +12.5% |
| Recurring financial charges | 65 | €472 | €530 | +€59 | +12.5% |
| Profit (loss) for the period before taxes | 9903 | €58,521 | €58,933 | +€412 | +0.7% |
| Income taxes | 67/77 | €12,383 | €11,620 | -€762 | -6.2% |
| Profit (loss) for the period | 9904 | €46,138 | €47,313 | +€1,174 | +2.5% |
| Profit (loss) for the period to be appropriated | 9905 | €46,138 | €47,313 | +€1,174 | +2.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 31 October 2026 via checked.be.