Jeroen Jespers: what changed
What changed
Jeroen Jespers
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€167,605
2024 · -€360,713+€528,318
Equity
€839,459
2024 · €671,853+€167,605
Cash
€9,054
2024 · €14,207-€5,153
Balance sheet total
€3.9m
2024 · €2.1m+€1.8m
Largest movements
Assets
- Financial fixed assets +€2.0m
up €2.0m (+1,340%), from €145,842 to €2.1m
- Receivables after one year -€183,224
down €183,224 (-17.0%), from €1.1m to €897,664
- Receivables within one year +€110,817
up €110,817 (+165%), from €67,200 to €178,017
of which Trade receivables: +€98,046
- Tangible fixed assets -€73,260
down €73,260 (-9.8%), from €745,724 to €672,464
of which Land and buildings: -€73,764
Equity and liabilities
- Debts after one year +€1.6m
up €1.6m (+179%), from €865,475 to €2.4m
of which Other amounts payable: +€1.7m
- Current portion of long-term debt +€244,581
up €244,581 (+994%), from €24,610 to €269,191
- Reserves +€230,970
up €230,970 (+58.0%), from €398,442 to €629,413
of which Distributable reserves: +€230,970
- Tax, wage and social debts -€134,469
down €134,469 (-50.5%), from €266,251 to €131,782
- Revaluation surpluses -€63,365
down €63,365 (-13.4%), from €472,143 to €408,777
Income statement
- Gross operating margin +€275,375
up €275,375 (+203%), from €135,702 to €411,077
- Taxes -€169,818
down €169,818 (-58.6%), from €289,938 to €120,120
- Financial charges -€87,102
down €87,102 (-46.7%), from €186,572 to €99,470
- Financial income -€7,145
down €7,145 (-10.0%), from €71,260 to €64,115
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
-€360,713
Gross operating margin
+€275,375
Depreciation
+€25
Other operating charges
+€1,215
Other operating items
+€1,928
Financial income
-€7,145
Financial charges
+€87,102
Taxes
+€169,818
Result 2025
€167,605
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€154,817
Investment
-€2.0m
Financing
+€1.8m
Cash 2024
€14,207
From operations (derived)
+€154,817
Net result for the year
+€167,605
Depreciation
+€75,920
Receivables after one year
+€183,224
Receivables within one year
-€110,817
Smaller working-capital items
+€5,641
Tax, wage and social debts
-€134,469
Other debts
-€32,289
Investment (derived)
-€2.0m
Investment in fixed assets (net)
-€2.0m
Financing
+€1.8m
Debts after one year
+€1.6m
Current portion of long-term debt
+€244,581
Short-term financial debts
+€2,875
Cash 2025
€9,054
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,054,740 | €3,861,282 | +€1.8m | +87.9% |
| Fixed assets | 21/28 | €891,566 | €2,773,305 | +€1.9m | +211% |
| Tangible fixed assets | 22/27 | €745,724 | €672,464 | -€73,260 | -9.8% |
| Land and buildings | 22 | €738,868 | €665,104 | -€73,764 | -10.0% |
| Plant, machinery and equipment | 23 | €5,424 | €4,075 | -€1,349 | -24.9% |
| Furniture and vehicles | 24 | €1,432 | €3,285 | +€1,853 | +129% |
| Financial fixed assets | 28 | €145,842 | €2,100,842 | +€2.0m | +1,340% |
| Current assets | 29/58 | €1,163,174 | €1,087,976 | -€75,198 | -6.5% |
| Amounts receivable after more than one year | 29 | €1,080,888 | €897,664 | -€183,224 | -17.0% |
| Other amounts receivable | 291 | €1,080,888 | €897,664 | -€183,224 | -17.0% |
| Amounts receivable within one year | 40/41 | €67,200 | €178,017 | +€110,817 | +165% |
| Trade receivables | 40 | €21,977 | €120,022 | +€98,046 | +446% |
| Other amounts receivable | 41 | €45,223 | €57,994 | +€12,771 | +28.2% |
| Cash at bank and in hand | 54/58 | €14,207 | €9,054 | -€5,153 | -36.3% |
| Deferred charges and accrued income | 490/1 | €879 | €3,242 | +€2,362 | +269% |
| Total equity and liabilities | 10/49 | €2,054,740 | €3,861,282 | +€1.8m | +87.9% |
| Equity | 10/15 | €671,853 | €839,459 | +€167,605 | +24.9% |
| Contributions | 10/11 | €168,550 | €168,550 | = | 0.0% |
| Revaluation surpluses | 12 | €472,143 | €408,777 | -€63,365 | -13.4% |
| Reserves | 13 | €398,442 | €629,413 | +€230,970 | +58.0% |
| Non-distributable reserves | 130/1 | €16,855 | €16,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €16,855 | €16,855 | = | 0.0% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €344,087 | €575,058 | +€230,970 | +67.1% |
| Profit (loss) carried forward | 14 | -€367,281 | -€367,281 | = | 0.0% |
| Amounts payable | 17/49 | €1,382,887 | €3,021,823 | +€1.6m | +119% |
| Amounts payable after more than one year | 17 | €865,475 | €2,415,710 | +€1.6m | +179% |
| Financial debts | 170/4 | €865,475 | €709,460 | -€156,016 | -18.0% |
| Other amounts payable | 178/9 | - | €1,706,250 | +€1.7m | |
| Amounts payable within one year | 42/48 | €516,168 | €600,110 | +€83,942 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €24,610 | €269,191 | +€244,581 | +994% |
| Financial debts | 43 | €1,200 | €4,075 | +€2,875 | +240% |
| Credit institutions | 430/8 | €1,200 | €4,075 | +€2,875 | +240% |
| Trade debts | 44 | €18,930 | €22,174 | +€3,244 | +17.1% |
| Suppliers | 440/4 | €18,930 | €22,174 | +€3,244 | +17.1% |
| Taxes, remuneration and social security | 45 | €266,251 | €131,782 | -€134,469 | -50.5% |
| Taxes | 450/3 | €266,251 | €131,782 | -€134,469 | -50.5% |
| Other amounts payable | 47/48 | €205,177 | €172,889 | -€32,289 | -15.7% |
| Accrued charges and deferred income | 492/3 | €1,244 | €6,004 | +€4,760 | +383% |
| Non-recurring operating income | 76A | - | €188,269 | +€188,269 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,945 | €75,920 | -€25 | 0.0% |
| Other operating charges | 640/8 | €13,292 | €12,077 | -€1,215 | -9.1% |
| Non-recurring operating charges | 66A | €1,928 | €0 | -€1,928 | -100% |
| Gross operating margin | 9900 | €135,702 | €411,077 | +€275,375 | +203% |
| Operating profit (loss) | 9901 | €44,537 | €323,080 | +€278,543 | +625% |
| Financial income | 75/76B | €71,260 | €64,115 | -€7,145 | -10.0% |
| Recurring financial income | 75 | €71,260 | €64,115 | -€7,145 | -10.0% |
| Financial charges | 65/66B | €186,572 | €99,470 | -€87,102 | -46.7% |
| Recurring financial charges | 65 | €186,572 | €99,470 | -€87,102 | -46.7% |
| Profit (loss) for the period before taxes | 9903 | -€70,776 | €287,725 | +€358,500 | |
| Income taxes | 67/77 | €289,938 | €120,120 | -€169,818 | -58.6% |
| Profit (loss) for the period | 9904 | -€360,713 | €167,605 | +€528,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€360,713 | €167,605 | +€528,318 |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.