Jeroen Proost: 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 Proost
Largest movements
- Cash +€34,697
up €34,697 (+19.8%), from €175,041 to €209,738
mainly Net result for the year (+€52,615) and Receivables within one year (+€9,707)
- Tangible fixed assets +€32,736
up €32,736, from €0 to €32,736
of which Plant, machinery and equipment: +€16,987
- Receivables within one year -€9,707
down €9,707 (-37.5%), from €25,882 to €16,175
of which Trade receivables: -€11,459
- Deferred charges and accrued income -€4,011
down €4,011 (-77.1%), from €5,200 to €1,188
- Reserves +€52,615
up €52,615 (+30.7%), from €171,220 to €223,834
- Other debts +€8,452
up €8,452 (+560%), from €1,509 to €9,961
- Tax, wage and social debts -€5,907
down €5,907 (-37.9%), from €15,573 to €9,667
- Gross operating margin -€32,968
down €32,968 (-31.3%), from €105,360 to €72,391
- Taxes -€7,841
down €7,841 (-36.7%), from €21,385 to €13,545
- Depreciation +€5,317
up €5,317 (+462%), from €1,151 to €6,468
- Financial income +€1,543
up €1,543 (+3,239%), from €48 to €1,591
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 | €206,122 | €259,837 | +€53,715 | +26.1% |
| Fixed assets | 21/28 | €0 | €32,736 | +€32,736 | |
| Tangible fixed assets | 22/27 | €0 | €32,736 | +€32,736 | |
| Plant, machinery and equipment | 23 | - | €16,987 | +€16,987 | |
| Furniture and vehicles | 24 | €0 | €11,997 | +€11,997 | |
| Other tangible fixed assets | 26 | - | €3,752 | +€3,752 | |
| Current assets | 29/58 | €206,122 | €227,101 | +€20,979 | +10.2% |
| Amounts receivable within one year | 40/41 | €25,882 | €16,175 | -€9,707 | -37.5% |
| Trade receivables | 40 | €24,703 | €13,243 | -€11,459 | -46.4% |
| Other amounts receivable | 41 | €1,179 | €2,932 | +€1,752 | +149% |
| Cash at bank and in hand | 54/58 | €175,041 | €209,738 | +€34,697 | +19.8% |
| Deferred charges and accrued income | 490/1 | €5,200 | €1,188 | -€4,011 | -77.1% |
| Total equity and liabilities | 10/49 | €206,122 | €259,837 | +€53,715 | +26.1% |
| Equity | 10/15 | €186,220 | €238,834 | +€52,615 | +28.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €171,220 | €223,834 | +€52,615 | +30.7% |
| Distributable reserves | 133 | €171,220 | €223,834 | +€52,615 | +30.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €19,903 | €21,003 | +€1,100 | +5.5% |
| Amounts payable within one year | 42/48 | €19,903 | €21,003 | +€1,100 | +5.5% |
| Trade debts | 44 | €2,821 | €1,375 | -€1,445 | -51.2% |
| Suppliers | 440/4 | €2,821 | €1,375 | -€1,445 | -51.2% |
| Taxes, remuneration and social security | 45 | €15,573 | €9,667 | -€5,907 | -37.9% |
| Taxes | 450/3 | €15,573 | €9,667 | -€5,907 | -37.9% |
| Other amounts payable | 47/48 | €1,509 | €9,961 | +€8,452 | +560% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,151 | €6,468 | +€5,317 | +462% |
| Other operating charges | 640/8 | €801 | €1,012 | +€211 | +26.4% |
| Gross operating margin | 9900 | €105,360 | €72,391 | -€32,968 | -31.3% |
| Operating profit (loss) | 9901 | €103,408 | €64,912 | -€38,497 | -37.2% |
| Financial income | 75/76B | €48 | €1,591 | +€1,543 | +3,239% |
| Recurring financial income | 75 | €48 | €1,591 | +€1,543 | +3,239% |
| Financial charges | 65/66B | €75 | €344 | +€269 | +358% |
| Recurring financial charges | 65 | €75 | €344 | +€269 | +358% |
| Profit (loss) for the period before taxes | 9903 | €103,381 | €66,159 | -€37,222 | -36.0% |
| Income taxes | 67/77 | €21,385 | €13,545 | -€7,841 | -36.7% |
| Profit (loss) for the period | 9904 | €81,996 | €52,615 | -€29,381 | -35.8% |
| Profit (loss) for the period to be appropriated | 9905 | €81,996 | €52,615 | -€29,381 | -35.8% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 22 October 2026 via checked.be.