Jo Vandamme: 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 Vandamme
Largest movements
- Cash -€12,012
down €12,012 (-3.2%), from €372,628 to €360,617
mainly Net result for the year (-€9,359) and Tax, wage and social debts (-€5,473)
- Profit (loss) carried forward -€9,359
down €9,359 (-19.1%), from -€49,112 to -€58,470
- Gross operating margin -€328,801
down €328,801, from €325,324 to -€3,477
- Taxes -€5,473
down €5,473 (-99.5%), from €5,499 to €26
- Other operating charges -€5,078
down €5,078 (-57.4%), from €8,841 to €3,763
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 | €555,749 | €539,626 | -€16,123 | -2.9% |
| Fixed assets | 21/28 | €180,751 | €178,812 | -€1,939 | -1.1% |
| Tangible fixed assets | 22/27 | €180,751 | €178,812 | -€1,939 | -1.1% |
| Land and buildings | 22 | €180,751 | €178,812 | -€1,939 | -1.1% |
| Current assets | 29/58 | €374,998 | €360,814 | -€14,184 | -3.8% |
| Cash at bank and in hand | 54/58 | €372,628 | €360,617 | -€12,012 | -3.2% |
| Deferred charges and accrued income | 490/1 | €2,370 | €198 | -€2,172 | -91.7% |
| Total equity and liabilities | 10/49 | €555,749 | €539,626 | -€16,123 | -2.9% |
| Equity | 10/15 | €256,417 | €247,058 | -€9,359 | -3.6% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €286,937 | €286,937 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €285,078 | €285,078 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€49,112 | -€58,470 | -€9,359 | -19.1% |
| Amounts payable | 17/49 | €299,332 | €292,568 | -€6,764 | -2.3% |
| Amounts payable after more than one year | 17 | €533 | €533 | = | 0.0% |
| Other amounts payable | 178/9 | €533 | €533 | = | 0.0% |
| Amounts payable within one year | 42/48 | €298,625 | €292,035 | -€6,590 | -2.2% |
| Trade debts | 44 | €5,551 | €139 | -€5,411 | -97.5% |
| Suppliers | 440/4 | €5,551 | €139 | -€5,411 | -97.5% |
| Taxes, remuneration and social security | 45 | €5,499 | €26 | -€5,473 | -99.5% |
| Taxes | 450/3 | €5,499 | €26 | -€5,473 | -99.5% |
| Other amounts payable | 47/48 | €287,575 | €291,869 | +€4,294 | +1.5% |
| Accrued charges and deferred income | 492/3 | €174 | - | -€174 | |
| Non-recurring operating income | 76A | €342,274 | - | -€342,274 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,939 | €1,939 | = | 0.0% |
| Other operating charges | 640/8 | €8,841 | €3,763 | -€5,078 | -57.4% |
| Gross operating margin | 9900 | €325,324 | -€3,477 | -€328,801 | |
| Operating profit (loss) | 9901 | €314,544 | -€9,179 | -€323,723 | |
| Financial charges | 65/66B | €190 | €153 | -€37 | -19.5% |
| Recurring financial charges | 65 | €190 | €153 | -€37 | -19.5% |
| Profit (loss) for the period before taxes | 9903 | €314,353 | -€9,333 | -€323,686 | |
| Income taxes | 67/77 | €5,499 | €26 | -€5,473 | -99.5% |
| Profit (loss) for the period | 9904 | €308,854 | -€9,359 | -€318,213 | |
| Profit (loss) for the period to be appropriated | 9905 | €308,854 | -€9,359 | -€318,213 |
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.