JASPER SEGERS: 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 SEGERS
Largest movements
- Cash +€13,877
up €13,877 (+49.5%), from €28,056 to €41,932
mainly Other debts (+€13,693) and Net result for the year (+€11,829)
- Tangible fixed assets -€10,737
down €10,737 (-34.9%), from €30,755 to €20,018
of which Furniture and vehicles: -€10,002
- Receivables within one year +€4,625
up €4,625 (+73.3%), from €6,313 to €10,938
of which Trade receivables: +€3,475
- Other debts +€13,693
up €13,693 (+51.2%), from €26,725 to €40,418
- Debts after one year -€5,580
down €5,580 (-47.4%), from €11,781 to €6,200
- Gross operating margin +€8,772
up €8,772 (+41.1%), from €21,366 to €30,138
- Taxes +€1,712
up €1,712 (+115%), from €1,488 to €3,201
- Financial charges -€320
down €320 (-11.7%), from €2,732 to €2,411
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 | €65,604 | €73,963 | +€8,359 | +12.7% |
| Fixed assets | 21/28 | €30,755 | €20,468 | -€10,287 | -33.4% |
| Tangible fixed assets | 22/27 | €30,755 | €20,018 | -€10,737 | -34.9% |
| Plant, machinery and equipment | 23 | €2,013 | €1,279 | -€735 | -36.5% |
| Furniture and vehicles | 24 | €28,741 | €18,739 | -€10,002 | -34.8% |
| Financial fixed assets | 28 | - | €450 | +€450 | |
| Current assets | 29/58 | €34,849 | €53,495 | +€18,645 | +53.5% |
| Amounts receivable within one year | 40/41 | €6,313 | €10,938 | +€4,625 | +73.3% |
| Trade receivables | 40 | €1,685 | €5,160 | +€3,475 | +206% |
| Other amounts receivable | 41 | €4,628 | €5,778 | +€1,150 | +24.9% |
| Cash at bank and in hand | 54/58 | €28,056 | €41,932 | +€13,877 | +49.5% |
| Deferred charges and accrued income | 490/1 | €480 | €624 | +€144 | +29.9% |
| Total equity and liabilities | 10/49 | €65,604 | €73,963 | +€8,359 | +12.7% |
| Equity | 10/15 | €18,200 | €18,028 | -€171 | -0.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €12,550 | €12,550 | = | 0.0% |
| Distributable reserves | 133 | €12,550 | €12,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €650 | €478 | -€171 | -26.4% |
| Amounts payable | 17/49 | €47,404 | €55,934 | +€8,530 | +18.0% |
| Amounts payable after more than one year | 17 | €11,781 | €6,200 | -€5,580 | -47.4% |
| Financial debts | 170/4 | €11,781 | €6,200 | -€5,580 | -47.4% |
| Amounts payable within one year | 42/48 | €33,490 | €47,782 | +€14,292 | +42.7% |
| Current portion of amounts payable after more than one year | 42 | €5,447 | €5,580 | +€134 | +2.5% |
| Trade debts | 44 | €1,318 | €1,783 | +€465 | +35.3% |
| Suppliers | 440/4 | €1,318 | €1,783 | +€465 | +35.3% |
| Other amounts payable | 47/48 | €26,725 | €40,418 | +€13,693 | +51.2% |
| Accrued charges and deferred income | 492/3 | €2,133 | €1,952 | -€181 | -8.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,544 | €11,645 | +€101 | +0.9% |
| Other operating charges | 640/8 | €800 | €1,052 | +€252 | +31.5% |
| Gross operating margin | 9900 | €21,366 | €30,138 | +€8,772 | +41.1% |
| Operating profit (loss) | 9901 | €9,022 | €17,441 | +€8,419 | +93.3% |
| Financial income | 75/76B | €0 | €0 | -€0 | -80.0% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -80.0% |
| Financial charges | 65/66B | €2,732 | €2,411 | -€320 | -11.7% |
| Recurring financial charges | 65 | €2,732 | €2,411 | -€320 | -11.7% |
| Profit (loss) for the period before taxes | 9903 | €6,291 | €15,029 | +€8,739 | +139% |
| Income taxes | 67/77 | €1,488 | €3,201 | +€1,712 | +115% |
| Profit (loss) for the period | 9904 | €4,802 | €11,829 | +€7,027 | +146% |
| Profit (loss) for the period to be appropriated | 9905 | €4,802 | €11,829 | +€7,027 | +146% |
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 23 October 2026 via checked.be.