JOHAN VAN ACKER: 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 VAN ACKER
Largest movements
- Cash +€288,597
up €288,597 (+15.8%), from €1.8m to €2.1m
mainly Net result for the year (+€471,230) and Receivables after one year (+€161,545)
- Receivables after one year -€161,545
down €161,545 (-100.0%), from €161,545 to €0
- Current investments +€152,140
up €152,140 (+27.4%), from €554,466 to €706,605
- Reserves +€114,676
up €114,676 (+5.0%), from €2.3m to €2.4m
of which Distributable reserves: +€114,676
- Tax, wage and social debts +€88,339
up €88,339 (+161.7%), from €54,643 to €142,982
- Other debts +€71,083
up €71,083 (+23.4%), from €304,080 to €375,163
- Gross operating margin -€89,964
down €89,964 (-11.9%), from €758,322 to €668,357
- Financial income +€34,180
up €34,180 (+384.6%), from €8,887 to €43,066
- Taxes -€15,278
down €15,278 (-6.4%), from €238,583 to €223,305
- Financial charges +€9,340
up €9,340, from -€6,068 to €3,272
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.
Cash bridge derived
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 | €2,835,788 | €3,101,428 | +€265,640 | +9.4% |
| Fixed assets | 21/28 | €284,757 | €272,463 | -€12,294 | -4.3% |
| Tangible fixed assets | 22/27 | €228,687 | €216,393 | -€12,294 | -5.4% |
| Land and buildings | 22 | €228,049 | €216,104 | -€11,945 | -5.2% |
| Plant, machinery and equipment | 23 | €637 | €289 | -€348 | -54.6% |
| Financial fixed assets | 28 | €56,070 | €56,070 | = | 0.0% |
| Current assets | 29/58 | €2,551,032 | €2,828,965 | +€277,934 | +10.9% |
| Amounts receivable after more than one year | 29 | €161,545 | €0 | -€161,545 | -100.0% |
| Other amounts receivable | 291 | €161,545 | €0 | -€161,545 | -100.0% |
| Current investments | 50/53 | €554,466 | €706,605 | +€152,140 | +27.4% |
| Cash at bank and in hand | 54/58 | €1,824,006 | €2,112,603 | +€288,597 | +15.8% |
| Deferred charges and accrued income | 490/1 | €11,015 | €9,757 | -€1,258 | -11.4% |
| Total equity and liabilities | 10/49 | €2,835,788 | €3,101,428 | +€265,640 | +9.4% |
| Equity | 10/15 | €2,320,743 | €2,435,419 | +€114,676 | +4.9% |
| Contributions | 10/11 | €31,000 | €31,000 | = | 0.0% |
| Reserves | 13 | €2,289,743 | €2,404,419 | +€114,676 | +5.0% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €2,289,743 | €2,404,419 | +€114,676 | +5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €515,045 | €666,009 | +€150,964 | +29.3% |
| Amounts payable after more than one year | 17 | €127,261 | €107,400 | -€19,860 | -15.6% |
| Financial debts | 170/4 | €127,261 | €107,400 | -€19,860 | -15.6% |
| Amounts payable within one year | 42/48 | €386,642 | €558,609 | +€171,967 | +44.5% |
| Current portion of amounts payable after more than one year | 42 | €21,067 | €21,497 | +€430 | +2.0% |
| Trade debts | 44 | €6,851 | €18,967 | +€12,116 | +176.8% |
| Suppliers | 440/4 | €6,851 | €18,967 | +€12,116 | +176.8% |
| Taxes, remuneration and social security | 45 | €54,643 | €142,982 | +€88,339 | +161.7% |
| Taxes | 450/3 | €54,643 | €142,982 | +€88,339 | +161.7% |
| Other amounts payable | 47/48 | €304,080 | €375,163 | +€71,083 | +23.4% |
| Accrued charges and deferred income | 492/3 | €1,143 | €0 | -€1,143 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,294 | €12,294 | = | 0.0% |
| Other operating charges | 640/8 | €1,285 | €1,323 | +€38 | +2.9% |
| Gross operating margin | 9900 | €758,322 | €668,357 | -€89,964 | -11.9% |
| Operating profit (loss) | 9901 | €744,743 | €654,741 | -€90,002 | -12.1% |
| Financial income | 75/76B | €8,887 | €43,066 | +€34,180 | +384.6% |
| Recurring financial income | 75 | €8,887 | €43,066 | +€34,180 | +384.6% |
| Financial charges | 65/66B | -€6,068 | €3,272 | +€9,340 | |
| Recurring financial charges | 65 | -€6,068 | €3,272 | +€9,340 | |
| Profit (loss) for the period before taxes | 9903 | €759,698 | €694,536 | -€65,162 | -8.6% |
| Income taxes | 67/77 | €238,583 | €223,305 | -€15,278 | -6.4% |
| Profit (loss) for the period | 9904 | €521,115 | €471,230 | -€49,885 | -9.6% |
| Profit (loss) for the period to be appropriated | 9905 | €521,115 | €471,230 | -€49,885 | -9.6% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.