Jens Van Winkel: 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 Van Winkel
Largest movements
- Receivables within one year +€52,221
up €52,221 (+174%), from €30,041 to €82,262
of which Trade receivables: +€45,700
- Tangible fixed assets +€20,628
up €20,628 (+75.4%), from €27,356 to €47,983
of which Furniture and vehicles: +€20,972
- Cash +€5,549
up €5,549 (+21.2%), from €26,178 to €31,727
mainly Trade debts (+€63,980) and Debts after one year (+€30,002)
- Deferred charges and accrued income +€4,564
up €4,564 (+1,394%), from €327 to €4,891
- Trade debts +€63,980
up €63,980 (+2,144%), from €2,985 to €66,964
- Debts after one year +€30,002
up €30,002 (+193%), from €15,538 to €45,539
- Tax, wage and social debts -€17,472
down €17,472 (-59.4%), from €29,416 to €11,944
of which Taxes: -€17,292
- Current portion of long-term debt +€10,190
up €10,190 (+104%), from €9,813 to €20,004
- Profit (loss) carried forward -€3,738
down €3,738 (-97.1%), from -€3,849 to -€7,588
- Gross operating margin +€62,679
up €62,679 (+74.1%), from €84,589 to €147,269
- Staff costs +€12,812
up €12,812 (+42.7%), from €30,003 to €42,815
- Taxes -€10,212
down €10,212 (-78.1%), from €13,078 to €2,866
- Depreciation -€8,056
down €8,056 (-73.9%), from €10,900 to €2,844
- Other operating charges +€6,860
up €6,860 (+317%), from €2,165 to €9,025
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 | €83,902 | €166,864 | +€82,961 | +98.9% |
| Fixed assets | 21/28 | €27,356 | €47,983 | +€20,628 | +75.4% |
| Tangible fixed assets | 22/27 | €27,356 | €47,983 | +€20,628 | +75.4% |
| Plant, machinery and equipment | 23 | €837 | €493 | -€344 | -41.1% |
| Furniture and vehicles | 24 | €26,519 | €47,491 | +€20,972 | +79.1% |
| Current assets | 29/58 | €56,546 | €118,880 | +€62,334 | +110% |
| Amounts receivable within one year | 40/41 | €30,041 | €82,262 | +€52,221 | +174% |
| Trade receivables | 40 | €10,540 | €56,240 | +€45,700 | +434% |
| Other amounts receivable | 41 | €19,501 | €26,022 | +€6,521 | +33.4% |
| Cash at bank and in hand | 54/58 | €26,178 | €31,727 | +€5,549 | +21.2% |
| Deferred charges and accrued income | 490/1 | €327 | €4,891 | +€4,564 | +1,394% |
| Total equity and liabilities | 10/49 | €83,902 | €166,864 | +€82,961 | +98.9% |
| Equity | 10/15 | €26,151 | €22,412 | -€3,738 | -14.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €28,000 | €28,000 | = | 0.0% |
| Distributable reserves | 133 | €28,000 | €28,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,849 | -€7,588 | -€3,738 | -97.1% |
| Amounts payable | 17/49 | €57,751 | €144,451 | +€86,700 | +150% |
| Amounts payable after more than one year | 17 | €15,538 | €45,539 | +€30,002 | +193% |
| Financial debts | 170/4 | €15,538 | €45,539 | +€30,002 | +193% |
| Amounts payable within one year | 42/48 | €42,214 | €98,912 | +€56,698 | +134% |
| Current portion of amounts payable after more than one year | 42 | €9,813 | €20,004 | +€10,190 | +104% |
| Trade debts | 44 | €2,985 | €66,964 | +€63,980 | +2,144% |
| Suppliers | 440/4 | €2,985 | €66,964 | +€63,980 | +2,144% |
| Taxes, remuneration and social security | 45 | €29,416 | €11,944 | -€17,472 | -59.4% |
| Taxes | 450/3 | €26,387 | €9,095 | -€17,292 | -65.5% |
| Remuneration and social security | 454/9 | €3,029 | €2,849 | -€180 | -5.9% |
| Remuneration, social security and pensions | 62 | €30,003 | €42,815 | +€12,812 | +42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,900 | €2,844 | -€8,056 | -73.9% |
| Other operating charges | 640/8 | €2,165 | €9,025 | +€6,860 | +317% |
| Non-recurring operating charges | 66A | - | €92,469 | +€92,469 | |
| Gross operating margin | 9900 | €84,589 | €147,269 | +€62,679 | +74.1% |
| Operating profit (loss) | 9901 | €41,522 | €116 | -€41,405 | -99.7% |
| Financial income | 75/76B | €0 | €0 | = | 0.0% |
| Recurring financial income | 75 | €0 | €0 | = | 0.0% |
| Financial charges | 65/66B | €439 | €989 | +€550 | +125% |
| Recurring financial charges | 65 | €439 | €989 | +€550 | +125% |
| Profit (loss) for the period before taxes | 9903 | €41,083 | -€873 | -€41,955 | |
| Income taxes | 67/77 | €13,078 | €2,866 | -€10,212 | -78.1% |
| Profit (loss) for the period | 9904 | €28,005 | -€3,738 | -€31,743 | |
| Profit (loss) for the period to be appropriated | 9905 | €28,005 | -€3,738 | -€31,743 |
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 30 October 2026 via checked.be.