Jarno Van Laere: 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.
Jarno Van Laere
Largest movements
- Receivables within one year +€81,382
up €81,382 (+207%), from €39,397 to €120,779
of which Trade receivables: +€46,927
- Current investments +€55,000
up €55,000 (+134%), from €40,898 to €95,898
- Cash -€17,911
down €17,911 (-30.3%), from €59,143 to €41,233
mainly Receivables within one year (-€81,382) and Current investments (-€55,000)
- Tangible fixed assets -€7,115
down €7,115 (-22.4%), from €31,741 to €24,625
of which Furniture and vehicles: -€5,950
- Deferred charges and accrued income -€6,878
down €6,878 (-74.5%), from €9,236 to €2,358
- Profit (loss) carried forward +€78,753
new in 2025: €78,753
- Trade debts +€31,181
up €31,181 (+81.6%), from €38,232 to €69,413
- Debts after one year -€8,198
down €8,198 (-46.6%), from €17,576 to €9,377
- Tax, wage and social debts +€4,864
up €4,864 (+427%), from €1,139 to €6,003
- Current portion of long-term debt -€3,978
down €3,978 (-32.7%), from €12,177 to €8,198
- Gross operating margin +€56,988
up €56,988 (+73.9%), from €77,146 to €134,134
- Staff costs +€16,611
new in 2025: €16,611
- Depreciation +€7,707
up €7,707 (+609%), from €1,266 to €8,973
- Other operating charges +€4,007
up €4,007 (+947%), from €423 to €4,430
- Financial charges +€2,515
up €2,515 (+475%), from €530 to €3,045
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 | €193,353 | €295,974 | +€102,621 | +53.1% |
| Fixed assets | 21/28 | €44,679 | €35,707 | -€8,973 | -20.1% |
| Intangible fixed assets | 21 | €12,939 | €11,082 | -€1,857 | -14.4% |
| Tangible fixed assets | 22/27 | €31,741 | €24,625 | -€7,115 | -22.4% |
| Plant, machinery and equipment | 23 | €2,028 | €863 | -€1,165 | -57.4% |
| Furniture and vehicles | 24 | €29,713 | €23,762 | -€5,950 | -20.0% |
| Current assets | 29/58 | €148,674 | €260,268 | +€111,594 | +75.1% |
| Amounts receivable within one year | 40/41 | €39,397 | €120,779 | +€81,382 | +207% |
| Trade receivables | 40 | €36,049 | €82,976 | +€46,927 | +130% |
| Other amounts receivable | 41 | €3,348 | €37,803 | +€34,455 | +1,029% |
| Current investments | 50/53 | €40,898 | €95,898 | +€55,000 | +134% |
| Cash at bank and in hand | 54/58 | €59,143 | €41,233 | -€17,911 | -30.3% |
| Deferred charges and accrued income | 490/1 | €9,236 | €2,358 | -€6,878 | -74.5% |
| Total equity and liabilities | 10/49 | €193,353 | €295,974 | +€102,621 | +53.1% |
| Equity | 10/15 | €124,231 | €202,984 | +€78,753 | +63.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €119,231 | €119,231 | = | 0.0% |
| Distributable reserves | 133 | €119,231 | €119,231 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €78,753 | +€78,753 | |
| Amounts payable | 17/49 | €69,122 | €92,991 | +€23,869 | +34.5% |
| Amounts payable after more than one year | 17 | €17,576 | €9,377 | -€8,198 | -46.6% |
| Financial debts | 170/4 | €17,576 | €9,377 | -€8,198 | -46.6% |
| Amounts payable within one year | 42/48 | €51,547 | €83,614 | +€32,067 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €12,177 | €8,198 | -€3,978 | -32.7% |
| Trade debts | 44 | €38,232 | €69,413 | +€31,181 | +81.6% |
| Suppliers | 440/4 | €38,232 | €69,413 | +€31,181 | +81.6% |
| Taxes, remuneration and social security | 45 | €1,139 | €6,003 | +€4,864 | +427% |
| Taxes | 450/3 | €1,139 | €6,003 | +€4,864 | +427% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | - | €16,611 | +€16,611 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,266 | €8,973 | +€7,707 | +609% |
| Other operating charges | 640/8 | €423 | €4,430 | +€4,007 | +947% |
| Gross operating margin | 9900 | €77,146 | €134,134 | +€56,988 | +73.9% |
| Operating profit (loss) | 9901 | €75,458 | €104,121 | +€28,663 | +38.0% |
| Financial income | 75/76B | €3 | €41 | +€39 | +1,487% |
| Recurring financial income | 75 | €3 | €41 | +€39 | +1,487% |
| Financial charges | 65/66B | €530 | €3,045 | +€2,515 | +475% |
| Recurring financial charges | 65 | €530 | €3,045 | +€2,515 | +475% |
| Profit (loss) for the period before taxes | 9903 | €74,931 | €101,117 | +€26,186 | +34.9% |
| Income taxes | 67/77 | €21,139 | €22,364 | +€1,226 | +5.8% |
| Profit (loss) for the period | 9904 | €53,792 | €78,753 | +€24,961 | +46.4% |
| Profit (loss) for the period to be appropriated | 9905 | €53,792 | €78,753 | +€24,961 | +46.4% |
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 22 October 2026 via checked.be.