JEROEN MOELANTS: 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.
JEROEN MOELANTS
Largest movements
- Current investments +€63,521
up €63,521 (+111%), from €57,407 to €120,927
- Tangible fixed assets -€12,861
down €12,861 (-23.1%), from €55,685 to €42,825
of which Furniture and vehicles: -€12,069
- Cash -€5,507
down €5,507 (-41.3%), from €13,329 to €7,822
mainly Current investments (-€63,521) and Other debts (-€8,890)
- Receivables within one year -€1,808
down €1,808 (-42.3%), from €4,277 to €2,469
of which Other amounts receivable: -€1,808
- Profit (loss) carried forward +€56,625
up €56,625 (+49.9%), from €113,534 to €170,159
- Other debts -€8,890
down €8,890 (-90.5%), from €9,825 to €935
- Trade debts -€3,762
down €3,762 (-69.6%), from €5,403 to €1,641
- Depreciation +€4,126
up €4,126 (+47.2%), from €8,735 to €12,861
- Gross operating margin +€2,692
up €2,692 (+3.3%), from €81,185 to €83,876
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 | €133,282 | €177,408 | +€44,126 | +33.1% |
| Fixed assets | 21/28 | €55,685 | €42,825 | -€12,861 | -23.1% |
| Tangible fixed assets | 22/27 | €55,685 | €42,825 | -€12,861 | -23.1% |
| Plant, machinery and equipment | 23 | €2,632 | €1,840 | -€792 | -30.1% |
| Furniture and vehicles | 24 | €53,053 | €40,984 | -€12,069 | -22.7% |
| Current assets | 29/58 | €77,597 | €134,583 | +€56,986 | +73.4% |
| Amounts receivable within one year | 40/41 | €4,277 | €2,469 | -€1,808 | -42.3% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,277 | €2,469 | -€1,808 | -42.3% |
| Current investments | 50/53 | €57,407 | €120,927 | +€63,521 | +111% |
| Cash at bank and in hand | 54/58 | €13,329 | €7,822 | -€5,507 | -41.3% |
| Deferred charges and accrued income | 490/1 | €2,584 | €3,365 | +€781 | +30.2% |
| Total equity and liabilities | 10/49 | €133,282 | €177,408 | +€44,126 | +33.1% |
| Equity | 10/15 | €116,534 | €173,159 | +€56,625 | +48.6% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €113,534 | €170,159 | +€56,625 | +49.9% |
| Amounts payable | 17/49 | €16,748 | €4,248 | -€12,500 | -74.6% |
| Amounts payable within one year | 42/48 | €16,199 | €2,697 | -€13,502 | -83.3% |
| Trade debts | 44 | €5,403 | €1,641 | -€3,762 | -69.6% |
| Suppliers | 440/4 | €5,403 | €1,641 | -€3,762 | -69.6% |
| Taxes, remuneration and social security | 45 | €971 | €121 | -€850 | -87.5% |
| Taxes | 450/3 | €971 | €121 | -€850 | -87.5% |
| Other amounts payable | 47/48 | €9,825 | €935 | -€8,890 | -90.5% |
| Accrued charges and deferred income | 492/3 | €549 | €1,551 | +€1,002 | +183% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,735 | €12,861 | +€4,126 | +47.2% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €81,185 | €83,876 | +€2,692 | +3.3% |
| Operating profit (loss) | 9901 | €72,062 | €70,616 | -€1,446 | -2.0% |
| Financial income | 75/76B | €628 | €1,097 | +€469 | +74.6% |
| Recurring financial income | 75 | €628 | €1,097 | +€469 | +74.6% |
| Financial charges | 65/66B | €863 | €228 | -€634 | -73.5% |
| Recurring financial charges | 65 | €863 | €228 | -€634 | -73.5% |
| Profit (loss) for the period before taxes | 9903 | €71,828 | €71,485 | -€343 | -0.5% |
| Income taxes | 67/77 | €14,911 | €14,860 | -€51 | -0.3% |
| Profit (loss) for the period | 9904 | €56,917 | €56,625 | -€292 | -0.5% |
| Profit (loss) for the period to be appropriated | 9905 | €56,917 | €56,625 | -€292 | -0.5% |
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 28 October 2026 via checked.be.