JOHAN BEERNAERT: what changed
Two fiscal 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.
JOHAN BEERNAERT
Largest movements
- Cash +€189,952
up €189,952 (+154.5%), from €122,934 to €312,887
mainly Current investments (+€150,000) and Investment in fixed assets (net) (+€20,159)
- Current investments -€150,000
down €150,000 (-100.0%), from €150,000 to €0
- Tangible fixed assets -€19,909
down €19,909 (-100.0%), from €19,909 to €0
of which Furniture and vehicles: -€18,496
- Deferred charges and accrued income -€11,775
down €11,775 (-100.0%), from €11,775 to €0
- Accrued charges and deferred income +€9,043
up €9,043 (+254.9%), from €3,547 to €12,590
- Depreciation -€20,477
down €20,477 (-100.0%), from €20,477 to €0
- Financial income -€11,081
down €11,081 (-36.8%), from €30,078 to €18,997
- Gross operating margin -€8,731
down €8,731 (-548.8%), from -€1,591 to -€10,322
- Other operating charges +€5,298
up €5,298 (+626.7%), from €845 to €6,143
- Taxes +€4,013
up €4,013 (+109.4%), from €3,669 to €7,683
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €874,691 | €881,787 | +€7,096 | +0.8% |
| Fixed assets | 21/28 | €20,159 | €0 | -€20,159 | -100.0% |
| Tangible fixed assets | 22/27 | €19,909 | €0 | -€19,909 | -100.0% |
| Plant, machinery and equipment | 23 | €324 | €0 | -€324 | -100.0% |
| Furniture and vehicles | 24 | €18,496 | €0 | -€18,496 | -100.0% |
| Other tangible fixed assets | 26 | €1,089 | €0 | -€1,089 | -100.0% |
| Financial fixed assets | 28 | €250 | €0 | -€250 | -100.0% |
| Current assets | 29/58 | €854,532 | €881,787 | +€27,255 | +3.2% |
| Amounts receivable within one year | 40/41 | €569,823 | €568,900 | -€923 | -0.2% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €569,823 | €568,900 | -€923 | -0.2% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €122,934 | €312,887 | +€189,952 | +154.5% |
| Deferred charges and accrued income | 490/1 | €11,775 | €0 | -€11,775 | -100.0% |
| Total equity and liabilities | 10/49 | €874,691 | €881,787 | +€7,096 | +0.8% |
| Equity | 10/15 | €869,243 | €864,013 | -€5,230 | -0.6% |
| Contributions | 10/11 | €18,606 | €18,606 | = | 0.0% |
| Reserves | 13 | €850,637 | €845,407 | -€5,230 | -0.6% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Tax-exempt reserves | 132 | €18,500 | €0 | -€18,500 | -100.0% |
| Distributable reserves | 133 | €832,137 | €845,407 | +€13,270 | +1.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €5,448 | €17,773 | +€12,326 | +226.3% |
| Amounts payable within one year | 42/48 | €1,901 | €5,183 | +€3,283 | +172.7% |
| Trade debts | 44 | €0 | €1,861 | +€1,861 | |
| Suppliers | 440/4 | €0 | €1,861 | +€1,861 | |
| Taxes, remuneration and social security | 45 | €183 | €3,322 | +€3,140 | +1720.3% |
| Taxes | 450/3 | €183 | €3,322 | +€3,140 | +1720.3% |
| Other amounts payable | 47/48 | €1,718 | €0 | -€1,718 | -100.0% |
| Accrued charges and deferred income | 492/3 | €3,547 | €12,590 | +€9,043 | +254.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,477 | €0 | -€20,477 | -100.0% |
| Other operating charges | 640/8 | €845 | €6,143 | +€5,298 | +626.7% |
| Gross operating margin | 9900 | -€1,591 | -€10,322 | -€8,731 | -548.8% |
| Operating profit (loss) | 9901 | -€22,913 | -€16,465 | +€6,448 | +28.1% |
| Financial income | 75/76B | €30,078 | €18,997 | -€11,081 | -36.8% |
| Recurring financial income | 75 | €30,078 | €18,997 | -€11,081 | -36.8% |
| Financial charges | 65/66B | -€48 | €79 | +€127 | |
| Recurring financial charges | 65 | -€48 | €79 | +€127 | |
| Profit (loss) for the period before taxes | 9903 | €7,212 | €2,453 | -€4,759 | -66.0% |
| Income taxes | 67/77 | €3,669 | €7,683 | +€4,013 | +109.4% |
| Profit (loss) for the period | 9904 | €3,543 | -€5,230 | -€8,773 | |
| Transfer from tax-exempt reserves | 789 | - | €18,500 | +€18,500 | |
| Profit (loss) for the period to be appropriated | 9905 | €3,543 | €13,270 | +€9,727 | +274.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2025 and 30 June 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.