JO VAN OVERBERGHE: 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 VAN OVERBERGHE
Largest movements
- Receivables within one year +€173,542
up €173,542 (+57.2%), from €303,202 to €476,744
of which Other amounts receivable: +€106,494
- Current investments +€97,192
up €97,192 (+15.1%), from €642,294 to €739,486
- Tangible fixed assets +€90,532
up €90,532 (+56.0%), from €161,640 to €252,172
of which Furniture and vehicles: +€77,519
- Cash -€39,581
down €39,581 (-5.9%), from €669,976 to €630,395
mainly Contributions, distributions and other (-€192,483) and Receivables within one year (-€173,542)
- Reserves +€230,909
up €230,909 (+14.8%), from €1.6m to €1.8m
- Debts after one year +€43,581
up €43,581 (+845%), from €5,156 to €48,737
- Trade debts +€32,790
up €32,790 (+42.6%), from €76,989 to €109,779
- Gross operating margin +€93,317
up €93,317 (+12.5%), from €743,770 to €837,087
- Taxes +€22,598
up €22,598 (+12.5%), from €180,634 to €203,232
- Depreciation +€11,877
up €11,877 (+21.2%), from €55,967 to €67,844
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 | €1,789,655 | €2,115,388 | +€325,733 | +18.2% |
| Fixed assets | 21/28 | €161,640 | €252,172 | +€90,532 | +56.0% |
| Tangible fixed assets | 22/27 | €161,640 | €252,172 | +€90,532 | +56.0% |
| Plant, machinery and equipment | 23 | €9,335 | €7,343 | -€1,992 | -21.3% |
| Furniture and vehicles | 24 | €61,538 | €139,057 | +€77,519 | +126% |
| Other tangible fixed assets | 26 | €90,767 | €105,772 | +€15,005 | +16.5% |
| Current assets | 29/58 | €1,628,015 | €1,863,216 | +€235,201 | +14.4% |
| Amounts receivable within one year | 40/41 | €303,202 | €476,744 | +€173,542 | +57.2% |
| Trade receivables | 40 | €150,957 | €218,005 | +€67,048 | +44.4% |
| Other amounts receivable | 41 | €152,245 | €258,739 | +€106,494 | +69.9% |
| Current investments | 50/53 | €642,294 | €739,486 | +€97,192 | +15.1% |
| Cash at bank and in hand | 54/58 | €669,976 | €630,395 | -€39,581 | -5.9% |
| Deferred charges and accrued income | 490/1 | €12,543 | €16,591 | +€4,048 | +32.3% |
| Total equity and liabilities | 10/49 | €1,789,655 | €2,115,388 | +€325,733 | +18.2% |
| Equity | 10/15 | €1,619,759 | €1,850,668 | +€230,909 | +14.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,556,568 | €1,787,477 | +€230,909 | +14.8% |
| Distributable reserves | 133 | €1,556,568 | €1,787,477 | +€230,909 | +14.8% |
| Profit (loss) carried forward | 14 | €44,591 | €44,591 | = | 0.0% |
| Amounts payable | 17/49 | €169,896 | €264,720 | +€94,824 | +55.8% |
| Amounts payable after more than one year | 17 | €5,156 | €48,737 | +€43,581 | +845% |
| Financial debts | 170/4 | €5,156 | €48,737 | +€43,581 | +845% |
| Amounts payable within one year | 42/48 | €164,740 | €215,983 | +€51,243 | +31.1% |
| Current portion of amounts payable after more than one year | 42 | €13,443 | €17,702 | +€4,259 | +31.7% |
| Trade debts | 44 | €76,989 | €109,779 | +€32,790 | +42.6% |
| Suppliers | 440/4 | €76,989 | €109,779 | +€32,790 | +42.6% |
| Taxes, remuneration and social security | 45 | €74,308 | €88,502 | +€14,194 | +19.1% |
| Taxes | 450/3 | €60,534 | €73,627 | +€13,093 | +21.6% |
| Remuneration and social security | 454/9 | €13,774 | €14,875 | +€1,101 | +8.0% |
| Non-recurring operating income | 76A | - | €25,787 | +€25,787 | |
| Remuneration, social security and pensions | 62 | €136,816 | €144,953 | +€8,137 | +5.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €55,967 | €67,844 | +€11,877 | +21.2% |
| Other operating charges | 640/8 | €5,189 | €5,848 | +€659 | +12.7% |
| Gross operating margin | 9900 | €743,770 | €837,087 | +€93,317 | +12.5% |
| Operating profit (loss) | 9901 | €545,798 | €618,442 | +€72,644 | +13.3% |
| Financial income | 75/76B | €17,901 | €16,563 | -€1,338 | -7.5% |
| Recurring financial income | 75 | €17,901 | €16,563 | -€1,338 | -7.5% |
| Financial charges | 65/66B | €2,328 | €8,381 | +€6,053 | +260% |
| Recurring financial charges | 65 | €2,328 | €8,381 | +€6,053 | +260% |
| Profit (loss) for the period before taxes | 9903 | €561,371 | €626,624 | +€65,253 | +11.6% |
| Income taxes | 67/77 | €180,634 | €203,232 | +€22,598 | +12.5% |
| Profit (loss) for the period | 9904 | €380,737 | €423,392 | +€42,655 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €380,737 | €423,392 | +€42,655 | +11.2% |
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 31 October 2026 via checked.be.