Jens 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.
Jens Segers
Largest movements
- Cash +€42,317
up €42,317 (+59.7%), from €70,829 to €113,146
mainly Other debts (+€120,562) and Net result for the year (+€69,608)
- Receivables within one year +€31,261
up €31,261 (+1,058%), from €2,954 to €34,215
of which Trade receivables: +€18,014
- Tangible fixed assets -€9,940
down €9,940 (-16.3%), from €61,126 to €51,187
of which Land and buildings: -€6,013
- Other debts +€120,562
up €120,562 (+663%), from €18,185 to €138,747
- Reserves -€69,139
down €69,139 (-70.8%), from €97,642 to €28,503
- Tax, wage and social debts +€13,339
up €13,339 (+123%), from €10,883 to €24,222
- Gross operating margin +€32,613
up €32,613 (+43.4%), from €75,080 to €107,694
- Taxes +€8,721
up €8,721 (+54.3%), from €16,050 to €24,771
- Other operating charges +€1,261
up €1,261 (+322%), from €392 to €1,653
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 | €135,272 | €198,869 | +€63,597 | +47.0% |
| Fixed assets | 21/28 | €61,126 | €51,187 | -€9,940 | -16.3% |
| Tangible fixed assets | 22/27 | €61,126 | €51,187 | -€9,940 | -16.3% |
| Land and buildings | 22 | €48,108 | €42,095 | -€6,013 | -12.5% |
| Plant, machinery and equipment | 23 | €9,326 | €6,036 | -€3,289 | -35.3% |
| Furniture and vehicles | 24 | €3,693 | €3,055 | -€638 | -17.3% |
| Current assets | 29/58 | €74,146 | €147,683 | +€73,537 | +99.2% |
| Amounts receivable within one year | 40/41 | €2,954 | €34,215 | +€31,261 | +1,058% |
| Trade receivables | 40 | €847 | €18,861 | +€18,014 | +2,127% |
| Other amounts receivable | 41 | €2,107 | €15,354 | +€13,247 | +629% |
| Cash at bank and in hand | 54/58 | €70,829 | €113,146 | +€42,317 | +59.7% |
| Deferred charges and accrued income | 490/1 | €362 | €322 | -€41 | -11.2% |
| Total equity and liabilities | 10/49 | €135,272 | €198,869 | +€63,597 | +47.0% |
| Equity | 10/15 | €102,642 | €33,503 | -€69,139 | -67.4% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,642 | €28,503 | -€69,139 | -70.8% |
| Distributable reserves | 133 | €97,642 | €28,503 | -€69,139 | -70.8% |
| Amounts payable | 17/49 | €32,630 | €165,367 | +€132,736 | +407% |
| Amounts payable within one year | 42/48 | €32,630 | €165,367 | +€132,736 | +407% |
| Trade debts | 44 | €3,562 | €2,397 | -€1,165 | -32.7% |
| Suppliers | 440/4 | €3,562 | €2,397 | -€1,165 | -32.7% |
| Taxes, remuneration and social security | 45 | €10,883 | €24,222 | +€13,339 | +123% |
| Taxes | 450/3 | €10,883 | €24,222 | +€13,339 | +123% |
| Other amounts payable | 47/48 | €18,185 | €138,747 | +€120,562 | +663% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,249 | €10,418 | +€170 | +1.7% |
| Other operating charges | 640/8 | €392 | €1,653 | +€1,261 | +322% |
| Non-recurring operating charges | 66A | €2,278 | - | -€2,278 | |
| Gross operating margin | 9900 | €75,080 | €107,694 | +€32,613 | +43.4% |
| Operating profit (loss) | 9901 | €62,162 | €95,623 | +€33,461 | +53.8% |
| Financial income | 75/76B | €4 | €23 | +€19 | +491% |
| Recurring financial income | 75 | €4 | €23 | +€19 | +491% |
| Financial charges | 65/66B | €445 | €1,266 | +€821 | +184% |
| Recurring financial charges | 65 | €445 | €1,266 | +€821 | +184% |
| Profit (loss) for the period before taxes | 9903 | €61,721 | €94,379 | +€32,659 | +52.9% |
| Income taxes | 67/77 | €16,050 | €24,771 | +€8,721 | +54.3% |
| Profit (loss) for the period | 9904 | €45,671 | €69,608 | +€23,938 | +52.4% |
| Profit (loss) for the period to be appropriated | 9905 | €45,671 | €69,608 | +€23,938 | +52.4% |
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.