Jasper Devoldere: 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.
Jasper Devoldere
Largest movements
- Receivables within one year +€25,844
up €25,844 (+35.1%), from €73,657 to €99,501
- Tangible fixed assets -€21,953
down €21,953 (-8.3%), from €263,616 to €241,664
of which Furniture and vehicles: -€21,194
- Cash -€8,565
down €8,565 (-16.6%), from €51,722 to €43,156
mainly Debts after one year (-€37,357) and Receivables within one year (-€25,844)
- Debts after one year -€37,357
down €37,357 (-23.0%), from €162,109 to €124,752
- Profit (loss) carried forward +€18,530
up €18,530 (+78.3%), from -€23,654 to -€5,123
- Tax, wage and social debts +€7,564
up €7,564 (+332.2%), from €2,277 to €9,840
of which Taxes: +€4,564
- Other debts +€4,592
up €4,592 (+3.5%), from €132,259 to €136,851
- Gross operating margin +€46,799
up €46,799 (+256.1%), from €18,274 to €65,072
- Financial income -€2,190
down €2,190 (-97.0%), from €2,259 to €69
of which Non-recurring financial income: -€2,215
- Financial charges +€1,790
up €1,790 (+45.5%), from €3,936 to €5,726
- Depreciation +€1,342
up €1,342 (+3.5%), from €37,844 to €39,187
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.
Cash bridge derived
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 | €402,791 | €398,244 | -€4,547 | -1.1% |
| Fixed assets | 21/28 | €275,584 | €253,631 | -€21,953 | -8.0% |
| Tangible fixed assets | 22/27 | €263,616 | €241,664 | -€21,953 | -8.3% |
| Land and buildings | 22 | €124,103 | €131,620 | +€7,517 | +6.1% |
| Plant, machinery and equipment | 23 | €27,841 | €19,566 | -€8,276 | -29.7% |
| Furniture and vehicles | 24 | €111,672 | €90,478 | -€21,194 | -19.0% |
| Financial fixed assets | 28 | €11,968 | €11,968 | = | 0.0% |
| Current assets | 29/58 | €127,207 | €144,613 | +€17,406 | +13.7% |
| Amounts receivable within one year | 40/41 | €73,657 | €99,501 | +€25,844 | +35.1% |
| Trade receivables | 40 | €73,657 | €99,501 | +€25,844 | +35.1% |
| Cash at bank and in hand | 54/58 | €51,722 | €43,156 | -€8,565 | -16.6% |
| Deferred charges and accrued income | 490/1 | €1,828 | €1,955 | +€127 | +7.0% |
| Total equity and liabilities | 10/49 | €402,791 | €398,244 | -€4,547 | -1.1% |
| Equity | 10/15 | €51,636 | €70,167 | +€18,530 | +35.9% |
| Contributions | 10/11 | €40,000 | €40,000 | = | 0.0% |
| Reserves | 13 | €35,290 | €35,290 | = | 0.0% |
| Distributable reserves | 133 | €35,290 | €35,290 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€23,654 | -€5,123 | +€18,530 | +78.3% |
| Amounts payable | 17/49 | €351,155 | €328,077 | -€23,077 | -6.6% |
| Amounts payable after more than one year | 17 | €162,109 | €124,752 | -€37,357 | -23.0% |
| Financial debts | 170/4 | €162,109 | €124,752 | -€37,357 | -23.0% |
| Amounts payable within one year | 42/48 | €189,045 | €203,244 | +€14,199 | +7.5% |
| Current portion of amounts payable after more than one year | 42 | €46,358 | €46,358 | = | 0.0% |
| Trade debts | 44 | €8,152 | €10,196 | +€2,044 | +25.1% |
| Suppliers | 440/4 | €8,152 | €10,196 | +€2,044 | +25.1% |
| Taxes, remuneration and social security | 45 | €2,277 | €9,840 | +€7,564 | +332.2% |
| Taxes | 450/3 | €777 | €5,340 | +€4,564 | +587.5% |
| Remuneration and social security | 454/9 | €1,500 | €4,500 | +€3,000 | +200.0% |
| Other amounts payable | 47/48 | €132,259 | €136,851 | +€4,592 | +3.5% |
| Accrued charges and deferred income | 492/3 | - | €81 | +€81 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,844 | €39,187 | +€1,342 | +3.5% |
| Other operating charges | 640/8 | €2,310 | €1,698 | -€613 | -26.5% |
| Non-recurring operating charges | 66A | €95 | - | -€95 | |
| Gross operating margin | 9900 | €18,274 | €65,072 | +€46,799 | +256.1% |
| Operating profit (loss) | 9901 | -€21,976 | €24,188 | +€46,164 | |
| Financial income | 75/76B | €2,259 | €69 | -€2,190 | -97.0% |
| Recurring financial income | 75 | €44 | €69 | +€25 | +56.3% |
| Non-recurring financial income | 76B | €2,215 | - | -€2,215 | |
| Financial charges | 65/66B | €3,936 | €5,726 | +€1,790 | +45.5% |
| Recurring financial charges | 65 | €3,936 | €5,726 | +€1,790 | +45.5% |
| Profit (loss) for the period before taxes | 9903 | -€23,654 | €18,530 | +€42,184 | |
| Profit (loss) for the period | 9904 | -€23,654 | €18,530 | +€42,184 | |
| Profit (loss) for the period to be appropriated | 9905 | -€23,654 | €18,530 | +€42,184 |
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 10 October 2026 via checked.be.