Johan Sauwens: 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.
Johan Sauwens
Largest movements
- Cash -€10,754
down €10,754 (-99.7%), from €10,788 to €35
mainly Other debts (-€9,176) and Receivables within one year (-€4,412)
- Receivables within one year +€4,412
up €4,412 (+12.3%), from €35,772 to €40,184
of which Trade receivables: +€4,412
- Tangible fixed assets -€3,470
down €3,470 (-10.0%), from €34,808 to €31,338
- Other debts -€9,176
down €9,176 (-16.2%), from €56,678 to €47,501
- Tax, wage and social debts -€1,972
down €1,972 (-22.5%), from €8,773 to €6,801
- Profit (loss) carried forward +€1,548
up €1,548 (+42.2%), from -€3,671 to -€2,124
- Gross operating margin +€8,076
up €8,076 (+90.4%), from €8,931 to €17,007
- Write-downs +€6,729
new in 2025: €6,729
- Taxes -€2,056
down €2,056 (-42.7%), from €4,819 to €2,763
- Depreciation -€1,236
down €1,236 (-26.3%), from €4,705 to €3,470
- Other operating charges +€1,067
up €1,067 (+82.7%), from €1,290 to €2,357
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 | €81,720 | €71,916 | -€9,804 | -12.0% |
| Fixed assets | 21/28 | €34,808 | €31,338 | -€3,470 | -10.0% |
| Tangible fixed assets | 22/27 | €34,808 | €31,338 | -€3,470 | -10.0% |
| Land and buildings | 22 | €31,844 | €30,265 | -€1,579 | -5.0% |
| Plant, machinery and equipment | 23 | €1,124 | €380 | -€744 | -66.2% |
| Furniture and vehicles | 24 | €1,840 | €693 | -€1,147 | -62.3% |
| Current assets | 29/58 | €46,913 | €40,578 | -€6,335 | -13.5% |
| Amounts receivable within one year | 40/41 | €35,772 | €40,184 | +€4,412 | +12.3% |
| Trade receivables | 40 | €35,772 | €40,184 | +€4,412 | +12.3% |
| Other amounts receivable | 41 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €10,788 | €35 | -€10,754 | -99.7% |
| Deferred charges and accrued income | 490/1 | €352 | €359 | +€7 | +2.0% |
| Total equity and liabilities | 10/49 | €81,720 | €71,916 | -€9,804 | -12.0% |
| Equity | 10/15 | €14,929 | €16,476 | +€1,548 | +10.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€3,671 | -€2,124 | +€1,548 | +42.2% |
| Amounts payable | 17/49 | €66,791 | €55,439 | -€11,352 | -17.0% |
| Amounts payable within one year | 42/48 | €66,791 | €55,439 | -€11,352 | -17.0% |
| Trade debts | 44 | €1,341 | €1,137 | -€204 | -15.2% |
| Suppliers | 440/4 | €1,341 | €1,137 | -€204 | -15.2% |
| Taxes, remuneration and social security | 45 | €8,773 | €6,801 | -€1,972 | -22.5% |
| Taxes | 450/3 | €8,773 | €6,801 | -€1,972 | -22.5% |
| Other amounts payable | 47/48 | €56,678 | €47,501 | -€9,176 | -16.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,705 | €3,470 | -€1,236 | -26.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €6,729 | +€6,729 | |
| Other operating charges | 640/8 | €1,290 | €2,357 | +€1,067 | +82.7% |
| Gross operating margin | 9900 | €8,931 | €17,007 | +€8,076 | +90.4% |
| Operating profit (loss) | 9901 | €2,936 | €4,452 | +€1,516 | +51.6% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €138 | €142 | +€4 | +2.6% |
| Recurring financial charges | 65 | €138 | €142 | +€4 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €2,798 | €4,311 | +€1,513 | +54.1% |
| Income taxes | 67/77 | €4,819 | €2,763 | -€2,056 | -42.7% |
| Profit (loss) for the period | 9904 | -€2,021 | €1,548 | +€3,569 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,021 | €1,548 | +€3,569 |
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 30 October 2026 via checked.be.