Jens Vleugels: 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 Vleugels
Largest movements
- Receivables within one year +€37,189
up €37,189 (+118%), from €31,426 to €68,615
of which Trade receivables: +€40,000
- Tangible fixed assets -€9,736
down €9,736 (-56.4%), from €17,268 to €7,531
of which Furniture and vehicles: -€8,978
- Cash -€9,650
down €9,650 (-15.7%), from €61,603 to €51,953
mainly Receivables within one year (-€37,189) and Contributions, distributions and other (-€36,326)
- Other debts +€36,326
new in 2025: €36,326
- Reserves -€17,908
down €17,908 (-19.0%), from €94,131 to €76,223
of which Distributable reserves: -€17,908
- Tax, wage and social debts -€1,343
no longer reported in 2025 (was €1,343)
- Gross operating margin +€12,502
up €12,502 (+49.4%), from €25,327 to €37,829
- Taxes +€3,313
up €3,313 (+81.4%), from €4,068 to €7,381
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 | €111,758 | €129,491 | +€17,734 | +15.9% |
| Fixed assets | 21/28 | €17,268 | €7,531 | -€9,736 | -56.4% |
| Tangible fixed assets | 22/27 | €17,268 | €7,531 | -€9,736 | -56.4% |
| Plant, machinery and equipment | 23 | €1,378 | €620 | -€758 | -55.0% |
| Furniture and vehicles | 24 | €15,890 | €6,912 | -€8,978 | -56.5% |
| Current assets | 29/58 | €94,490 | €121,960 | +€27,470 | +29.1% |
| Amounts receivable within one year | 40/41 | €31,426 | €68,615 | +€37,189 | +118% |
| Trade receivables | 40 | €6,153 | €46,153 | +€40,000 | +650% |
| Other amounts receivable | 41 | €25,273 | €22,462 | -€2,811 | -11.1% |
| Cash at bank and in hand | 54/58 | €61,603 | €51,953 | -€9,650 | -15.7% |
| Deferred charges and accrued income | 490/1 | €1,461 | €1,392 | -€69 | -4.7% |
| Total equity and liabilities | 10/49 | €111,758 | €129,491 | +€17,734 | +15.9% |
| Equity | 10/15 | €110,415 | €92,507 | -€17,908 | -16.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €94,131 | €76,223 | -€17,908 | -19.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €92,271 | €74,363 | -€17,908 | -19.4% |
| Profit (loss) carried forward | 14 | €10,084 | €10,084 | = | 0.0% |
| Amounts payable | 17/49 | €1,343 | €36,984 | +€35,641 | +2,654% |
| Amounts payable within one year | 42/48 | €1,343 | €36,984 | +€35,641 | +2,654% |
| Trade debts | 44 | - | €658 | +€658 | |
| Suppliers | 440/4 | - | €658 | +€658 | |
| Taxes, remuneration and social security | 45 | €1,343 | - | -€1,343 | |
| Taxes | 450/3 | €1,343 | - | -€1,343 | |
| Other amounts payable | 47/48 | - | €36,326 | +€36,326 | |
| Remuneration, social security and pensions | 62 | €1,683 | €2,016 | +€333 | +19.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,736 | €9,736 | = | 0.0% |
| Other operating charges | 640/8 | €118 | €120 | +€2 | +1.7% |
| Gross operating margin | 9900 | €25,327 | €37,829 | +€12,502 | +49.4% |
| Operating profit (loss) | 9901 | €13,790 | €25,957 | +€12,167 | +88.2% |
| Financial charges | 65/66B | €128 | €158 | +€30 | +23.6% |
| Recurring financial charges | 65 | €128 | €158 | +€30 | +23.6% |
| Profit (loss) for the period before taxes | 9903 | €13,662 | €25,799 | +€12,137 | +88.8% |
| Income taxes | 67/77 | €4,068 | €7,381 | +€3,313 | +81.4% |
| Profit (loss) for the period | 9904 | €9,594 | €18,418 | +€8,824 | +92.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,594 | €18,418 | +€8,824 | +92.0% |
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.