JEAN-PHILIPPE DRAYE: 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.
JEAN-PHILIPPE DRAYE
Largest movements
- Receivables within one year +€106,889
up €106,889 (+67.5%), from €158,238 to €265,127
of which Other amounts receivable: +€83,643
- Cash -€20,346
down €20,346 (-42.1%), from €48,298 to €27,951
mainly Receivables within one year (-€106,889) and Investment in fixed assets (net) (-€698)
- Tangible fixed assets -€3,320
down €3,320 (-40.4%), from €8,211 to €4,891
of which Furniture and vehicles: -€2,433
- Profit (loss) carried forward +€56,920
up €56,920 (+32.5%), from €175,383 to €232,303
- Tax, wage and social debts +€16,643
up €16,643 (+66.5%), from €25,021 to €41,664
of which Taxes: +€19,143
- Trade debts +€9,055
new in 2025: €9,055
- Taxes +€5,432
up €5,432 (+36.1%), from €15,030 to €20,463
- Financial income +€4,146
up €4,146 (+111%), from €3,746 to €7,892
- Gross operating margin +€1,923
up €1,923 (+2.6%), from €72,675 to €74,598
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 | €215,405 | €298,165 | +€82,761 | +38.4% |
| Fixed assets | 21/28 | €8,407 | €5,087 | -€3,320 | -39.5% |
| Tangible fixed assets | 22/27 | €8,211 | €4,891 | -€3,320 | -40.4% |
| Land and buildings | 22 | €3,748 | €2,861 | -€887 | -23.7% |
| Furniture and vehicles | 24 | €4,463 | €2,030 | -€2,433 | -54.5% |
| Financial fixed assets | 28 | €196 | €196 | = | 0.0% |
| Current assets | 29/58 | €206,997 | €293,078 | +€86,081 | +41.6% |
| Amounts receivable within one year | 40/41 | €158,238 | €265,127 | +€106,889 | +67.5% |
| Trade receivables | 40 | €15,700 | €38,946 | +€23,246 | +148% |
| Other amounts receivable | 41 | €142,538 | €226,181 | +€83,643 | +58.7% |
| Cash at bank and in hand | 54/58 | €48,298 | €27,951 | -€20,346 | -42.1% |
| Deferred charges and accrued income | 490/1 | €462 | - | -€462 | |
| Total equity and liabilities | 10/49 | €215,405 | €298,165 | +€82,761 | +38.4% |
| Equity | 10/15 | €190,383 | €247,303 | +€56,920 | +29.9% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €175,383 | €232,303 | +€56,920 | +32.5% |
| Amounts payable | 17/49 | €25,021 | €50,862 | +€25,841 | +103% |
| Amounts payable within one year | 42/48 | €25,021 | €50,862 | +€25,841 | +103% |
| Trade debts | 44 | - | €9,055 | +€9,055 | |
| Suppliers | 440/4 | - | €9,055 | +€9,055 | |
| Taxes, remuneration and social security | 45 | €25,021 | €41,664 | +€16,643 | +66.5% |
| Taxes | 450/3 | €22,521 | €41,664 | +€19,143 | +85.0% |
| Remuneration and social security | 454/9 | €2,500 | - | -€2,500 | |
| Other amounts payable | 47/48 | - | €143 | +€143 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,483 | €4,018 | -€465 | -10.4% |
| Other operating charges | 640/8 | €1,030 | €387 | -€643 | -62.4% |
| Gross operating margin | 9900 | €72,675 | €74,598 | +€1,923 | +2.6% |
| Operating profit (loss) | 9901 | €67,163 | €70,193 | +€3,030 | +4.5% |
| Financial income | 75/76B | €3,746 | €7,892 | +€4,146 | +111% |
| Recurring financial income | 75 | €3,746 | €7,892 | +€4,146 | +111% |
| Financial charges | 65/66B | €119 | €283 | +€164 | +138% |
| Recurring financial charges | 65 | €119 | €283 | +€164 | +138% |
| Profit (loss) for the period before taxes | 9903 | €70,790 | €77,802 | +€7,012 | +9.9% |
| Income taxes | 67/77 | €15,030 | €20,463 | +€5,432 | +36.1% |
| Profit (loss) for the period | 9904 | €55,759 | €57,339 | +€1,580 | +2.8% |
| Profit (loss) for the period to be appropriated | 9905 | €55,759 | €57,339 | +€1,580 | +2.8% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 23 October 2026 via checked.be.