Joep Van Gils: 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.
What changed
Joep Van Gils
NACE 64.210, Activities of holding companies
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€44,347
2024 · €769,503-€725,156
Equity
€2.8m
2024 · €2.7m+€44,347
Cash
€300,443
2024 · €304,654-€4,210
Balance sheet total
€2.9m
2024 · €2.9m+€31,795
Largest movements
Assets
No asset line moved by more than 1% of the balance sheet total.
Equity and liabilities
- Reserves +€44,347
up €44,347 (+2.0%), from €2.2m to €2.2m
Income statement
- Financial income -€716,707
down €716,707 (-95.6%), from €749,986 to €33,279
- Turnover -€8,300
down €8,300 (-3.2%), from €261,500 to €253,200
- Services and other goods -€7,221
down €7,221 (-3.6%), from €201,424 to €194,203
- Staff costs +€6,725
up €6,725 (+23.0%), from €29,288 to €36,012
- Depreciation +€6,462
up €6,462 (+77.8%), from €8,301 to €14,763
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.
Result 2024
€769,503
Turnover
-€8,300
Other operating income
+€4,634
Services and other goods
+€7,221
Staff costs
-€6,725
Depreciation
-€6,462
Other operating charges
-€141
Financial income
-€716,707
Financial charges
+€91
Taxes
+€1,233
Result 2025
€44,347
raises the resultlowers the result
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.
From operations
+€9,668
Investment
-€13,879
Financing
€0
Cash 2024
€304,654
From operations (derived)
+€9,668
Net result for the year
+€44,347
Depreciation
+€14,763
Receivables after one year
-€26,724
Receivables within one year
-€10,830
Deferred charges and accrued income
+€665
Trade debts
+€1,910
Tax, wage and social debts
-€659
Other debts
-€13,804
Investment (derived)
-€13,879
Investment in fixed assets (net)
-€13,879
Cash 2025
€300,443
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,850,342 | €2,882,137 | +€31,795 | +1.1% |
| Fixed assets | 21/28 | €1,050,688 | €1,049,803 | -€884 | -0.1% |
| Tangible fixed assets | 22/27 | €53,995 | €53,110 | -€884 | -1.6% |
| Land and buildings | 22 | €12,445 | €10,095 | -€2,350 | -18.9% |
| Furniture and vehicles | 24 | €41,549 | €43,015 | +€1,466 | +3.5% |
| Financial fixed assets | 28 | €996,693 | €996,693 | = | 0.0% |
| Affiliated companies | 280/1 | €0 | - | = | |
| Participating interests | 280 | €0 | - | = | |
| Companies linked by participating interests | 282/3 | €996,693 | €996,693 | = | 0.0% |
| Participating interests | 282 | €996,693 | €996,693 | = | 0.0% |
| Current assets | 29/58 | €1,799,654 | €1,832,333 | +€32,679 | +1.8% |
| Amounts receivable after more than one year | 29 | €350,000 | €376,724 | +€26,724 | +7.6% |
| Other amounts receivable | 291 | €350,000 | €376,724 | +€26,724 | +7.6% |
| Stocks and contracts in progress | 3 | €0 | €0 | = | |
| Amounts receivable within one year | 40/41 | €1,141,808 | €1,152,638 | +€10,830 | +0.9% |
| Trade receivables | 40 | €24,321 | €26,666 | +€2,345 | +9.6% |
| Other amounts receivable | 41 | €1,117,487 | €1,125,972 | +€8,485 | +0.8% |
| Cash at bank and in hand | 54/58 | €304,654 | €300,443 | -€4,210 | -1.4% |
| Deferred charges and accrued income | 490/1 | €3,193 | €2,528 | -€665 | -20.8% |
| Total equity and liabilities | 10/49 | €2,850,342 | €2,882,137 | +€31,795 | +1.1% |
| Equity | 10/15 | €2,727,197 | €2,771,544 | +€44,347 | +1.6% |
| Contributions | 10/11 | €550,850 | €550,850 | = | 0.0% |
| Reserves | 13 | €2,176,347 | €2,220,694 | +€44,347 | +2.0% |
| Distributable reserves | 133 | €2,176,347 | €2,220,694 | +€44,347 | +2.0% |
| Amounts payable | 17/49 | €123,145 | €110,592 | -€12,553 | -10.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Other amounts payable | 178/9 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €123,145 | €110,592 | -€12,553 | -10.2% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €4,276 | €6,187 | +€1,910 | +44.7% |
| Suppliers | 440/4 | €4,276 | €6,187 | +€1,910 | +44.7% |
| Taxes, remuneration and social security | 45 | €12,415 | €11,756 | -€659 | -5.3% |
| Taxes | 450/3 | €9,370 | €8,581 | -€789 | -8.4% |
| Remuneration and social security | 454/9 | €3,045 | €3,174 | +€130 | +4.3% |
| Other amounts payable | 47/48 | €106,454 | €92,650 | -€13,804 | -13.0% |
| Operating income | 70/76A | €269,947 | €266,281 | -€3,666 | -1.4% |
| Turnover | 70 | €261,500 | €253,200 | -€8,300 | -3.2% |
| Other operating income | 74 | €8,447 | €13,081 | +€4,634 | +54.9% |
| Operating charges | 60/66A | €240,374 | €246,480 | +€6,106 | +2.5% |
| Services and other goods | 61 | €201,424 | €194,203 | -€7,221 | -3.6% |
| Remuneration, social security and pensions | 62 | €29,288 | €36,012 | +€6,725 | +23.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,301 | €14,763 | +€6,462 | +77.8% |
| Other operating charges | 640/8 | €1,361 | €1,501 | +€141 | +10.3% |
| Operating profit (loss) | 9901 | €29,574 | €19,802 | -€9,772 | -33.0% |
| Financial income | 75/76B | €749,986 | €33,279 | -€716,707 | -95.6% |
| Recurring financial income | 75 | €749,986 | €33,279 | -€716,707 | -95.6% |
| Income from financial fixed assets | 750 | €748,643 | €31,615 | -€717,028 | -95.8% |
| Income from current assets | 751 | €1,335 | €1,653 | +€318 | +23.8% |
| Other financial income | 752/9 | €8 | €11 | +€2 | +28.8% |
| Financial charges | 65/66B | €812 | €721 | -€91 | -11.2% |
| Recurring financial charges | 65 | €812 | €721 | -€91 | -11.2% |
| Debt charges | 650 | €485 | €324 | -€161 | -33.2% |
| Other financial charges | 652/9 | €327 | €398 | +€70 | +21.5% |
| Profit (loss) for the period before taxes | 9903 | €778,748 | €52,359 | -€726,389 | -93.3% |
| Income taxes | 67/77 | €9,244 | €8,011 | -€1,233 | -13.3% |
| Taxes | 670/3 | €10,000 | €8,011 | -€1,989 | -19.9% |
| Tax adjustments and reversals of tax provisions | 77 | €756 | €0 | -€756 | -100% |
| Profit (loss) for the period | 9904 | €769,503 | €44,347 | -€725,156 | -94.2% |
| Profit (loss) for the period to be appropriated | 9905 | €769,503 | €44,347 | -€725,156 | -94.2% |
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 22 October 2026 via checked.be.