Jeroen Storme: 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 Storme
Largest movements
- Receivables within one year +€77,965
up €77,965 (+122%), from €64,159 to €142,124
of which Trade receivables: +€76,533
- Tangible fixed assets -€14,104
down €14,104 (-23.6%), from €59,765 to €45,661
of which Furniture and vehicles: -€16,559
- Cash -€7,101
down €7,101 (-56.0%), from €12,681 to €5,580
mainly Receivables within one year (-€77,965) and Investment in fixed assets (net) (-€9,639)
- Profit (loss) carried forward +€63,240
up €63,240, from -€46,975 to €16,264
- Current portion of long-term debt -€9,188
down €9,188 (-62.9%), from €14,616 to €5,428
- Tax, wage and social debts +€8,902
up €8,902 (+1,174%), from €758 to €9,660
- Other debts +€7,643
up €7,643 (+327%), from €2,335 to €9,978
- Trade debts -€6,739
down €6,739 (-53.4%), from €12,629 to €5,890
- Gross operating margin +€35,055
up €35,055 (+52.8%), from €66,357 to €101,412
- Taxes +€11,980
up €11,980 (+1,893%), from €633 to €12,613
- Staff costs -€2,109
down €2,109 (-85.8%), from €2,459 to €349
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €141,149 | €197,063 | +€55,914 | +39.6% |
| Fixed assets | 21/28 | €59,765 | €45,661 | -€14,104 | -23.6% |
| Tangible fixed assets | 22/27 | €59,765 | €45,661 | -€14,104 | -23.6% |
| Plant, machinery and equipment | 23 | €11,810 | €14,265 | +€2,455 | +20.8% |
| Furniture and vehicles | 24 | €47,955 | €31,396 | -€16,559 | -34.5% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €81,384 | €151,402 | +€70,018 | +86.0% |
| Stocks and contracts in progress | 3 | €1,000 | €1,000 | = | 0.0% |
| Stocks | 30/36 | €1,000 | €1,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €64,159 | €142,124 | +€77,965 | +122% |
| Trade receivables | 40 | €3,980 | €80,513 | +€76,533 | +1,923% |
| Other amounts receivable | 41 | €60,179 | €61,610 | +€1,431 | +2.4% |
| Cash at bank and in hand | 54/58 | €12,681 | €5,580 | -€7,101 | -56.0% |
| Deferred charges and accrued income | 490/1 | €3,543 | €2,698 | -€845 | -23.9% |
| Total equity and liabilities | 10/49 | €141,149 | €197,063 | +€55,914 | +39.6% |
| Equity | 10/15 | €16,775 | €80,014 | +€63,240 | +377% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €18,750 | €18,750 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€46,975 | €16,264 | +€63,240 | |
| Amounts payable | 17/49 | €124,374 | €117,048 | -€7,326 | -5.9% |
| Amounts payable after more than one year | 17 | €86,846 | €81,418 | -€5,428 | -6.3% |
| Financial debts | 170/4 | €86,846 | €81,418 | -€5,428 | -6.3% |
| Amounts payable within one year | 42/48 | €32,880 | €30,957 | -€1,923 | -5.8% |
| Current portion of amounts payable after more than one year | 42 | €14,616 | €5,428 | -€9,188 | -62.9% |
| Trade debts | 44 | €12,629 | €5,890 | -€6,739 | -53.4% |
| Suppliers | 440/4 | €12,629 | €5,890 | -€6,739 | -53.4% |
| Advances received on contracts in progress | 46 | €2,542 | €0 | -€2,542 | -100% |
| Taxes, remuneration and social security | 45 | €758 | €9,660 | +€8,902 | +1,174% |
| Taxes | 450/3 | €758 | €9,660 | +€8,902 | +1,174% |
| Other amounts payable | 47/48 | €2,335 | €9,978 | +€7,643 | +327% |
| Accrued charges and deferred income | 492/3 | €4,649 | €4,674 | +€25 | +0.5% |
| Remuneration, social security and pensions | 62 | €2,459 | €349 | -€2,109 | -85.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,774 | €23,743 | +€969 | +4.3% |
| Other operating charges | 640/8 | €1,780 | €1,398 | -€382 | -21.4% |
| Gross operating margin | 9900 | €66,357 | €101,412 | +€35,055 | +52.8% |
| Operating profit (loss) | 9901 | €39,345 | €75,922 | +€36,577 | +93.0% |
| Financial income | 75/76B | €1,355 | €1,100 | -€255 | -18.8% |
| Recurring financial income | 75 | €1,355 | €1,100 | -€255 | -18.8% |
| Financial charges | 65/66B | €632 | €1,169 | +€536 | +84.8% |
| Recurring financial charges | 65 | €632 | €1,169 | +€536 | +84.8% |
| Profit (loss) for the period before taxes | 9903 | €40,067 | €75,853 | +€35,786 | +89.3% |
| Income taxes | 67/77 | €633 | €12,613 | +€11,980 | +1,893% |
| Profit (loss) for the period | 9904 | €39,434 | €63,240 | +€23,806 | +60.4% |
| Profit (loss) for the period to be appropriated | 9905 | €39,434 | €63,240 | +€23,806 | +60.4% |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.