Jean Steyaert: 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 Steyaert
Largest movements
- Cash +€22,419
up €22,419 (+779%), from €2,877 to €25,296
mainly Net result for the year (+€21,408) and Receivables within one year (+€4,638)
- Receivables within one year -€4,638
down €4,638 (-97.8%), from €4,744 to €105
of which Trade receivables: -€4,744
- Tangible fixed assets +€3,210
new in 2025: €3,210
- Reserves +€25,187
new in 2025: €25,187
- Profit (loss) carried forward -€3,779
no longer reported in 2025 (was €3,779)
- Trade debts -€397
no longer reported in 2025 (was €397)
- Gross operating margin +€22,462
up €22,462 (+475%), from €4,724 to €27,186
- Taxes +€4,450
up €4,450 (+471%), from €945 to €5,395
- Depreciation +€308
new in 2025: €308
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 | €7,621 | €28,632 | +€21,011 | +276% |
| Fixed assets | 21/28 | - | €3,210 | +€3,210 | |
| Tangible fixed assets | 22/27 | - | €3,210 | +€3,210 | |
| Furniture and vehicles | 24 | - | €3,210 | +€3,210 | |
| Current assets | 29/58 | €7,621 | €25,423 | +€17,802 | +234% |
| Amounts receivable within one year | 40/41 | €4,744 | €105 | -€4,638 | -97.8% |
| Trade receivables | 40 | €4,744 | - | -€4,744 | |
| Other amounts receivable | 41 | - | €105 | +€105 | |
| Cash at bank and in hand | 54/58 | €2,877 | €25,296 | +€22,419 | +779% |
| Deferred charges and accrued income | 490/1 | - | €21 | +€21 | |
| Total equity and liabilities | 10/49 | €7,621 | €28,632 | +€21,011 | +276% |
| Equity | 10/15 | €6,279 | €27,687 | +€21,408 | +341% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | - | €25,187 | +€25,187 | |
| Distributable reserves | 133 | - | €25,187 | +€25,187 | |
| Profit (loss) carried forward | 14 | €3,779 | - | -€3,779 | |
| Amounts payable | 17/49 | €1,342 | €945 | -€397 | -29.6% |
| Amounts payable within one year | 42/48 | €1,342 | €945 | -€397 | -29.6% |
| Trade debts | 44 | €397 | - | -€397 | |
| Suppliers | 440/4 | €397 | - | -€397 | |
| Taxes, remuneration and social security | 45 | €945 | €945 | = | 0.0% |
| Taxes | 450/3 | €945 | €945 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €308 | +€308 | |
| Gross operating margin | 9900 | €4,724 | €27,186 | +€22,462 | +475% |
| Operating profit (loss) | 9901 | €4,724 | €26,878 | +€22,154 | +469% |
| Financial charges | 65/66B | - | €75 | +€75 | |
| Recurring financial charges | 65 | - | €75 | +€75 | |
| Profit (loss) for the period before taxes | 9903 | €4,724 | €26,803 | +€22,079 | +467% |
| Income taxes | 67/77 | €945 | €5,395 | +€4,450 | +471% |
| Profit (loss) for the period | 9904 | €3,779 | €21,408 | +€17,629 | +466% |
| Profit (loss) for the period to be appropriated | 9905 | €3,779 | €21,408 | +€17,629 | +466% |
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 1 November 2026 via checked.be.