Jo Abbeloos: 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.
Jo Abbeloos
Largest movements
- Current investments +€246,791
up €246,791 (+123%), from €200,000 to €446,791
- Receivables within one year +€56,187
up €56,187 (+25.3%), from €222,430 to €278,617
of which Trade receivables: +€156,118
- Cash +€55,614
up €55,614 (+13.9%), from €398,859 to €454,472
mainly Net result for the year (+€360,359) and Depreciation (+€15,596)
- Tangible fixed assets -€14,796
down €14,796 (-25.6%), from €57,870 to €43,075
of which Furniture and vehicles: -€14,450
- Reserves +€360,359
up €360,359 (+55.1%), from €653,709 to €1.0m
- Tax, wage and social debts -€15,538
down €15,538 (-7.0%), from €221,169 to €205,630
- Gross operating margin +€150,434
up €150,434 (+43.8%), from €343,356 to €493,790
- Taxes +€36,708
up €36,708 (+44.7%), from €82,204 to €118,912
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 | €882,197 | €1,224,708 | +€342,510 | +38.8% |
| Fixed assets | 21/28 | €57,870 | €43,075 | -€14,796 | -25.6% |
| Tangible fixed assets | 22/27 | €57,870 | €43,075 | -€14,796 | -25.6% |
| Plant, machinery and equipment | 23 | €1,692 | €1,346 | -€346 | -20.4% |
| Furniture and vehicles | 24 | €56,178 | €41,728 | -€14,450 | -25.7% |
| Current assets | 29/58 | €824,327 | €1,181,633 | +€357,306 | +43.3% |
| Amounts receivable within one year | 40/41 | €222,430 | €278,617 | +€56,187 | +25.3% |
| Trade receivables | 40 | €122,369 | €278,486 | +€156,118 | +128% |
| Other amounts receivable | 41 | €100,061 | €131 | -€99,931 | -99.9% |
| Current investments | 50/53 | €200,000 | €446,791 | +€246,791 | +123% |
| Cash at bank and in hand | 54/58 | €398,859 | €454,472 | +€55,614 | +13.9% |
| Deferred charges and accrued income | 490/1 | €3,038 | €1,753 | -€1,286 | -42.3% |
| Total equity and liabilities | 10/49 | €882,197 | €1,224,708 | +€342,510 | +38.8% |
| Equity | 10/15 | €656,709 | €1,017,069 | +€360,359 | +54.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €653,709 | €1,014,069 | +€360,359 | +55.1% |
| Distributable reserves | 133 | €653,709 | €1,014,069 | +€360,359 | +55.1% |
| Amounts payable | 17/49 | €225,488 | €207,639 | -€17,849 | -7.9% |
| Amounts payable within one year | 42/48 | €225,488 | €207,639 | -€17,849 | -7.9% |
| Trade debts | 44 | €3,536 | €1,881 | -€1,655 | -46.8% |
| Suppliers | 440/4 | €3,536 | €1,881 | -€1,655 | -46.8% |
| Taxes, remuneration and social security | 45 | €221,169 | €205,630 | -€15,538 | -7.0% |
| Taxes | 450/3 | €221,169 | €205,630 | -€15,538 | -7.0% |
| Other amounts payable | 47/48 | €783 | €127 | -€656 | -83.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,230 | €15,596 | +€1,366 | +9.6% |
| Other operating charges | 640/8 | €1,162 | €874 | -€289 | -24.8% |
| Gross operating margin | 9900 | €343,356 | €493,790 | +€150,434 | +43.8% |
| Operating profit (loss) | 9901 | €327,964 | €477,321 | +€149,357 | +45.5% |
| Financial income | 75/76B | €2,849 | €3,015 | +€166 | +5.8% |
| Recurring financial income | 75 | €2,849 | €3,015 | +€166 | +5.8% |
| Financial charges | 65/66B | €126 | €1,064 | +€938 | +744% |
| Recurring financial charges | 65 | €126 | €1,064 | +€938 | +744% |
| Profit (loss) for the period before taxes | 9903 | €330,686 | €479,271 | +€148,585 | +44.9% |
| Income taxes | 67/77 | €82,204 | €118,912 | +€36,708 | +44.7% |
| Profit (loss) for the period | 9904 | €248,482 | €360,359 | +€111,877 | +45.0% |
| Profit (loss) for the period to be appropriated | 9905 | €248,482 | €360,359 | +€111,877 | +45.0% |
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 13 October 2026 via checked.be.