JASPAERT GEERT: what changed
JASPAERT GEERT
Largest movements
- Cash +€668,442
up €668,442 (+571%), from €117,049 to €785,490
mainly Net result for the year (+€960,569) and Depreciation (+€231,457)
- Stocks and contracts -€96,685
down €96,685 (-48.3%), from €200,106 to €103,422
- Tangible fixed assets -€87,561
down €87,561 (-6.1%), from €1.4m to €1.3m
of which Furniture and vehicles: -€45,743
- Receivables within one year -€74,963
down €74,963 (-3.3%), from €2.2m to €2.2m
of which Other amounts receivable: -€62,162
- Reserves +€640,569
up €640,569 (+21.8%), from €2.9m to €3.6m
of which Distributable reserves: +€640,569
- Other debts -€195,439
down €195,439 (-40.2%), from €486,284 to €290,844
- Trade debts -€103,826
down €103,826 (-20.5%), from €506,436 to €402,611
- Tax, wage and social debts +€83,574
up €83,574 (+88.9%), from €93,987 to €177,560
of which Taxes: +€90,421
- Gross operating margin +€506,804
up €506,804 (+24.5%), from €2.1m to €2.6m
- Staff costs +€148,225
up €148,225 (+33.6%), from €440,615 to €588,839
- Other operating charges -€107,212
down €107,212 (-26.7%), from €401,165 to €293,953
- Taxes +€104,523
up €104,523 (+31.1%), from €336,316 to €440,838
- Depreciation +€77,044
up €77,044 (+49.9%), from €154,413 to €231,457
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 | €4,026,007 | €4,450,885 | +€424,878 | +10.6% |
| Fixed assets | 21/28 | €1,462,757 | €1,375,196 | -€87,561 | -6.0% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €1,431,879 | €1,344,318 | -€87,561 | -6.1% |
| Land and buildings | 22 | €798,497 | €773,497 | -€25,000 | -3.1% |
| Plant, machinery and equipment | 23 | €61,436 | €55,490 | -€5,946 | -9.7% |
| Furniture and vehicles | 24 | €529,955 | €484,212 | -€45,743 | -8.6% |
| Other tangible fixed assets | 26 | €41,991 | €31,119 | -€10,872 | -25.9% |
| Financial fixed assets | 28 | €30,878 | €30,878 | = | 0.0% |
| Current assets | 29/58 | €2,563,250 | €3,075,689 | +€512,439 | +20.0% |
| Stocks and contracts in progress | 3 | €200,106 | €103,422 | -€96,685 | -48.3% |
| Stocks | 30/36 | €200,106 | €103,422 | -€96,685 | -48.3% |
| Amounts receivable within one year | 40/41 | €2,243,024 | €2,168,061 | -€74,963 | -3.3% |
| Trade receivables | 40 | €2,161,196 | €2,148,395 | -€12,801 | -0.6% |
| Other amounts receivable | 41 | €81,828 | €19,666 | -€62,162 | -76.0% |
| Cash at bank and in hand | 54/58 | €117,049 | €785,490 | +€668,442 | +571% |
| Deferred charges and accrued income | 490/1 | €3,071 | €18,716 | +€15,645 | +509% |
| Total equity and liabilities | 10/49 | €4,026,007 | €4,450,885 | +€424,878 | +10.6% |
| Equity | 10/15 | €2,939,301 | €3,579,870 | +€640,569 | +21.8% |
| Reserves | 13 | €2,939,301 | €3,579,870 | +€640,569 | +21.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €2,920,551 | €3,561,120 | +€640,569 | +21.9% |
| Amounts payable | 17/49 | €1,086,707 | €871,015 | -€215,691 | -19.8% |
| Amounts payable within one year | 42/48 | €1,086,707 | €871,015 | -€215,691 | -19.8% |
| Trade debts | 44 | €506,436 | €402,611 | -€103,826 | -20.5% |
| Suppliers | 440/4 | €506,436 | €402,611 | -€103,826 | -20.5% |
| Taxes, remuneration and social security | 45 | €93,987 | €177,560 | +€83,574 | +88.9% |
| Taxes | 450/3 | €50,126 | €140,547 | +€90,421 | +180% |
| Remuneration and social security | 454/9 | €43,861 | €37,013 | -€6,848 | -15.6% |
| Other amounts payable | 47/48 | €486,284 | €290,844 | -€195,439 | -40.2% |
| Non-recurring operating income | 76A | €12,396 | €12,376 | -€20 | -0.2% |
| Remuneration, social security and pensions | 62 | €440,615 | €588,839 | +€148,225 | +33.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €154,413 | €231,457 | +€77,044 | +49.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €19,055 | +€19,055 | |
| Other operating charges | 640/8 | €401,165 | €293,953 | -€107,212 | -26.7% |
| Non-recurring operating charges | 66A | €69 | €44,640 | +€44,571 | +64,213% |
| Gross operating margin | 9900 | €2,069,125 | €2,575,929 | +€506,804 | +24.5% |
| Operating profit (loss) | 9901 | €1,072,863 | €1,397,985 | +€325,122 | +30.3% |
| Financial income | 75/76B | €7,219 | €5,530 | -€1,689 | -23.4% |
| Recurring financial income | 75 | €219 | €5,530 | +€5,311 | +2,422% |
| Non-recurring financial income | 76B | €7,000 | - | -€7,000 | |
| Financial charges | 65/66B | €6,263 | €2,108 | -€4,156 | -66.3% |
| Recurring financial charges | 65 | €6,263 | €2,108 | -€4,156 | -66.3% |
| Profit (loss) for the period before taxes | 9903 | €1,073,819 | €1,401,408 | +€327,588 | +30.5% |
| Income taxes | 67/77 | €336,316 | €440,838 | +€104,523 | +31.1% |
| Profit (loss) for the period | 9904 | €737,504 | €960,569 | +€223,065 | +30.2% |
| Profit (loss) for the period to be appropriated | 9905 | €737,504 | €960,569 | +€223,065 | +30.2% |
Next steps
Calculation and sources
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 3 November 2026 via checked.be.