Jo Breesch: 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 Breesch
Largest movements
- Current investments +€1.3m
new in 2025: €1.3m
- Receivables within one year -€920,312
down €920,312 (-96.7%), from €951,740 to €31,428
- Deferred charges and accrued income -€21,458
down €21,458 (-98.8%), from €21,712 to €254
- Profit (loss) carried forward +€250,314
up €250,314 (+23.0%), from €1.1m to €1.3m
- Tax, wage and social debts +€100,134
up €100,134, from €0 to €100,134
- Gross operating margin +€264,602
up €264,602 (+645.5%), from €40,990 to €305,591
- Taxes +€60,644
up €60,644 (+377.4%), from €16,070 to €76,714
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.
Cash bridge derived
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 | €1,103,310 | €1,454,572 | +€351,262 | +31.8% |
| Fixed assets | 21/28 | €1 | €1 | = | 0.0% |
| Financial fixed assets | 28 | €1 | €1 | = | 0.0% |
| Current assets | 29/58 | €1,103,309 | €1,454,571 | +€351,262 | +31.8% |
| Amounts receivable within one year | 40/41 | €951,740 | €31,428 | -€920,312 | -96.7% |
| Other amounts receivable | 41 | €951,740 | €31,428 | -€920,312 | -96.7% |
| Current investments | 50/53 | - | €1,290,000 | +€1.3m | |
| Cash at bank and in hand | 54/58 | €129,857 | €132,889 | +€3,032 | +2.3% |
| Deferred charges and accrued income | 490/1 | €21,712 | €254 | -€21,458 | -98.8% |
| Total equity and liabilities | 10/49 | €1,103,310 | €1,454,572 | +€351,262 | +31.8% |
| Equity | 10/15 | €1,102,707 | €1,353,021 | +€250,314 | +22.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,088,447 | €1,338,761 | +€250,314 | +23.0% |
| Amounts payable | 17/49 | €603 | €101,551 | +€100,948 | +16743.4% |
| Amounts payable within one year | 42/48 | €603 | €101,551 | +€100,948 | +16743.4% |
| Trade debts | 44 | €603 | €1,416 | +€813 | +134.9% |
| Suppliers | 440/4 | €603 | €1,416 | +€813 | +134.9% |
| Taxes, remuneration and social security | 45 | €0 | €100,134 | +€100,134 | |
| Taxes | 450/3 | €0 | €100,134 | +€100,134 | |
| Other operating charges | 640/8 | €1,086 | €1,118 | +€33 | +3.0% |
| Gross operating margin | 9900 | €40,990 | €305,591 | +€264,602 | +645.5% |
| Operating profit (loss) | 9901 | €39,904 | €304,473 | +€264,569 | +663.0% |
| Financial income | 75/76B | €24,403 | €22,584 | -€1,819 | -7.5% |
| Recurring financial income | 75 | €24,403 | €22,584 | -€1,819 | -7.5% |
| Financial charges | 65/66B | €29 | €29 | +€1 | +3.0% |
| Recurring financial charges | 65 | €29 | €29 | +€1 | +3.0% |
| Profit (loss) for the period before taxes | 9903 | €64,279 | €327,028 | +€262,749 | +408.8% |
| Income taxes | 67/77 | €16,070 | €76,714 | +€60,644 | +377.4% |
| Profit (loss) for the period | 9904 | €48,209 | €250,314 | +€202,105 | +419.2% |
| Profit (loss) for the period to be appropriated | 9905 | €48,209 | €250,314 | +€202,105 | +419.2% |
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 10 October 2026 via checked.be.