Jens Pardon: 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.
Jens Pardon
Largest movements
- Current investments -€90,000
no longer reported in 2025 (was €90,000)
- Cash +€15,885
up €15,885 (+59.3%), from €26,779 to €42,664
mainly Current investments (+€90,000) and Net result for the year (+€45,353)
- Tangible fixed assets +€8,660
up €8,660 (+1,354%), from €640 to €9,300
of which Furniture and vehicles: +€7,848
- Deferred charges and accrued income +€8,521
up €8,521 (+111%), from €7,686 to €16,207
- Receivables within one year +€1,398
new in 2025: €1,398
- Reserves -€85,242
down €85,242 (-89.2%), from €95,537 to €10,295
- Other debts +€36,657
up €36,657 (+43,253%), from €85 to €36,741
- Tax, wage and social debts -€6,294
down €6,294 (-23.9%), from €26,327 to €20,033
- Gross operating margin +€13,443
up €13,443 (+26.6%), from €50,582 to €64,025
- Taxes +€2,457
up €2,457 (+18.2%), from €13,500 to €15,957
- Depreciation +€1,992
up €1,992 (+799%), from €249 to €2,241
- Financial income -€1,852
down €1,852 (-86.4%), from €2,144 to €292
- Other operating charges +€722
new in 2025: €722
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 | €125,105 | €69,570 | -€55,536 | -44.4% |
| Fixed assets | 21/28 | €640 | €9,300 | +€8,660 | +1,354% |
| Tangible fixed assets | 22/27 | €640 | €9,300 | +€8,660 | +1,354% |
| Plant, machinery and equipment | 23 | €640 | €1,452 | +€812 | +127% |
| Furniture and vehicles | 24 | - | €7,848 | +€7,848 | |
| Current assets | 29/58 | €124,466 | €60,270 | -€64,196 | -51.6% |
| Amounts receivable within one year | 40/41 | - | €1,398 | +€1,398 | |
| Trade receivables | 40 | - | €1,398 | +€1,398 | |
| Current investments | 50/53 | €90,000 | - | -€90,000 | |
| Cash at bank and in hand | 54/58 | €26,779 | €42,664 | +€15,885 | +59.3% |
| Deferred charges and accrued income | 490/1 | €7,686 | €16,207 | +€8,521 | +111% |
| Total equity and liabilities | 10/49 | €125,105 | €69,570 | -€55,536 | -44.4% |
| Equity | 10/15 | €98,037 | €12,795 | -€85,242 | -86.9% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €95,537 | €10,295 | -€85,242 | -89.2% |
| Distributable reserves | 133 | €95,537 | €10,295 | -€85,242 | -89.2% |
| Amounts payable | 17/49 | €27,068 | €56,774 | +€29,706 | +110% |
| Amounts payable within one year | 42/48 | €27,068 | €56,774 | +€29,706 | +110% |
| Trade debts | 44 | €657 | - | -€657 | |
| Suppliers | 440/4 | €657 | - | -€657 | |
| Taxes, remuneration and social security | 45 | €26,327 | €20,033 | -€6,294 | -23.9% |
| Taxes | 450/3 | €26,327 | €20,033 | -€6,294 | -23.9% |
| Other amounts payable | 47/48 | €85 | €36,741 | +€36,657 | +43,253% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €249 | €2,241 | +€1,992 | +799% |
| Other operating charges | 640/8 | - | €722 | +€722 | |
| Gross operating margin | 9900 | €50,582 | €64,025 | +€13,443 | +26.6% |
| Operating profit (loss) | 9901 | €50,332 | €61,062 | +€10,730 | +21.3% |
| Financial income | 75/76B | €2,144 | €292 | -€1,852 | -86.4% |
| Recurring financial income | 75 | €2,144 | €292 | -€1,852 | -86.4% |
| Financial charges | 65/66B | €72 | €45 | -€27 | -37.8% |
| Recurring financial charges | 65 | €72 | €45 | -€27 | -37.8% |
| Profit (loss) for the period before taxes | 9903 | €52,404 | €61,309 | +€8,906 | +17.0% |
| Income taxes | 67/77 | €13,500 | €15,957 | +€2,457 | +18.2% |
| Profit (loss) for the period | 9904 | €38,904 | €45,353 | +€6,449 | +16.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,904 | €45,353 | +€6,449 | +16.6% |
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 24 October 2026 via checked.be.