JOHAN TACK: 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 TACK
Largest movements
- Cash +€40,387
up €40,387 (+156%), from €25,947 to €66,335
mainly Net result for the year (+€38,115) and Receivables within one year (+€7,691)
- Tangible fixed assets +€14,864
up €14,864 (+106%), from €14,076 to €28,940
of which Furniture and vehicles: +€17,078
- Receivables within one year -€7,691
down €7,691 (-26.6%), from €28,952 to €21,261
of which Trade receivables: -€6,740
- Reserves +€38,115
up €38,115 (+64.6%), from €58,987 to €97,102
of which Distributable reserves: +€38,115
- Tax, wage and social debts +€6,190
up €6,190 (+688%), from €900 to €7,090
- Trade debts +€3,381
up €3,381 (+873%), from €387 to €3,768
- Gross operating margin +€43,130
up €43,130 (+245%), from €17,572 to €60,702
- Taxes +€14,565
up €14,565 (+1,613%), from €903 to €15,468
- Depreciation -€3,319
down €3,319 (-38.4%), from €8,644 to €5,325
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 | €72,674 | €120,360 | +€47,686 | +65.6% |
| Fixed assets | 21/28 | €14,076 | €28,940 | +€14,864 | +106% |
| Tangible fixed assets | 22/27 | €14,076 | €28,940 | +€14,864 | +106% |
| Plant, machinery and equipment | 23 | €8,396 | €6,182 | -€2,213 | -26.4% |
| Furniture and vehicles | 24 | €5,680 | €22,758 | +€17,078 | +301% |
| Current assets | 29/58 | €58,598 | €91,420 | +€32,821 | +56.0% |
| Amounts receivable within one year | 40/41 | €28,952 | €21,261 | -€7,691 | -26.6% |
| Trade receivables | 40 | €21,812 | €15,072 | -€6,740 | -30.9% |
| Other amounts receivable | 41 | €7,140 | €6,189 | -€951 | -13.3% |
| Cash at bank and in hand | 54/58 | €25,947 | €66,335 | +€40,387 | +156% |
| Deferred charges and accrued income | 490/1 | €3,699 | €3,824 | +€125 | +3.4% |
| Total equity and liabilities | 10/49 | €72,674 | €120,360 | +€47,686 | +65.6% |
| Equity | 10/15 | €71,387 | €109,502 | +€38,115 | +53.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €58,987 | €97,102 | +€38,115 | +64.6% |
| Tax-exempt reserves | 132 | €32,458 | €32,458 | = | 0.0% |
| Distributable reserves | 133 | €26,529 | €64,644 | +€38,115 | +144% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €1,287 | €10,858 | +€9,570 | +743% |
| Amounts payable within one year | 42/48 | €1,287 | €10,858 | +€9,570 | +743% |
| Trade debts | 44 | €387 | €3,768 | +€3,381 | +873% |
| Suppliers | 440/4 | €387 | €3,768 | +€3,381 | +873% |
| Taxes, remuneration and social security | 45 | €900 | €7,090 | +€6,190 | +688% |
| Taxes | 450/3 | €900 | €7,090 | +€6,190 | +688% |
| Non-recurring operating income | 76A | - | €3,876 | +€3,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,644 | €5,325 | -€3,319 | -38.4% |
| Other operating charges | 640/8 | €1,386 | €1,717 | +€332 | +23.9% |
| Gross operating margin | 9900 | €17,572 | €60,702 | +€43,130 | +245% |
| Operating profit (loss) | 9901 | €7,542 | €53,660 | +€46,118 | +611% |
| Financial income | 75/76B | €397 | €416 | +€20 | +4.9% |
| Recurring financial income | 75 | €397 | €416 | +€20 | +4.9% |
| Financial charges | 65/66B | €139 | €494 | +€354 | +254% |
| Recurring financial charges | 65 | €139 | €494 | +€354 | +254% |
| Profit (loss) for the period before taxes | 9903 | €7,800 | €53,583 | +€45,783 | +587% |
| Income taxes | 67/77 | €903 | €15,468 | +€14,565 | +1,613% |
| Profit (loss) for the period | 9904 | €6,897 | €38,115 | +€31,218 | +453% |
| Profit (loss) for the period to be appropriated | 9905 | €6,897 | €38,115 | +€31,218 | +453% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.