JOHAN VAN CAEKENBERGHE: 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 VAN CAEKENBERGHE
Largest movements
- Cash +€38,078
up €38,078 (+87.1%), from €43,733 to €81,811
mainly Net result for the year (+€39,866) and Receivables within one year (+€2,220)
- Receivables within one year -€2,220
down €2,220 (-12.0%), from €18,458 to €16,238
of which Trade receivables: -€1,528
- Reserves +€39,866
up €39,866 (+96.5%), from €41,302 to €81,169
- Tax, wage and social debts -€3,390
no longer reported in 2025 (was €3,390)
- Gross operating margin +€36,020
up €36,020 (+150%), from €24,006 to €60,026
- Taxes +€10,716
up €10,716 (+125%), from €8,553 to €19,269
- Financial income -€3,739
no longer reported in 2025 (was €3,739)
of which Financial income: -€3,739
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 | €62,252 | €98,420 | +€36,168 | +58.1% |
| Fixed assets | 21/28 | €61 | €372 | +€310 | +506% |
| Tangible fixed assets | 22/27 | €61 | €372 | +€310 | +506% |
| Plant, machinery and equipment | 23 | €61 | €372 | +€310 | +506% |
| Current assets | 29/58 | €62,191 | €98,049 | +€35,858 | +57.7% |
| Amounts receivable within one year | 40/41 | €18,458 | €16,238 | -€2,220 | -12.0% |
| Trade receivables | 40 | €17,011 | €15,483 | -€1,528 | -9.0% |
| Other amounts receivable | 41 | €1,447 | €754 | -€693 | -47.9% |
| Cash at bank and in hand | 54/58 | €43,733 | €81,811 | +€38,078 | +87.1% |
| Total equity and liabilities | 10/49 | €62,252 | €98,420 | +€36,168 | +58.1% |
| Equity | 10/15 | €57,237 | €97,104 | +€39,866 | +69.7% |
| Contributions | 10/11 | €3,979 | €3,979 | = | 0.0% |
| Reserves | 13 | €41,302 | €81,169 | +€39,866 | +96.5% |
| Distributable reserves | 133 | €41,302 | €81,169 | +€39,866 | +96.5% |
| Profit (loss) carried forward | 14 | €11,957 | €11,957 | = | 0.0% |
| Amounts payable | 17/49 | €5,015 | €1,317 | -€3,698 | -73.7% |
| Amounts payable within one year | 42/48 | €5,015 | €1,317 | -€3,698 | -73.7% |
| Trade debts | 44 | €417 | €358 | -€59 | -14.1% |
| Suppliers | 440/4 | €417 | €358 | -€59 | -14.1% |
| Taxes, remuneration and social security | 45 | €3,390 | - | -€3,390 | |
| Taxes | 450/3 | €3,390 | - | -€3,390 | |
| Other amounts payable | 47/48 | €1,208 | €959 | -€249 | -20.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €356 | €61 | -€295 | -83.0% |
| Other operating charges | 640/8 | €600 | €751 | +€151 | +25.2% |
| Gross operating margin | 9900 | €24,006 | €60,026 | +€36,020 | +150% |
| Operating profit (loss) | 9901 | €23,050 | €59,214 | +€36,164 | +157% |
| Financial income | 75/76B | €3,739 | - | -€3,739 | |
| Recurring financial income | 75 | €3,739 | - | -€3,739 | |
| Non-recurring financial income | 76B | €3,739 | - | -€3,739 | |
| Financial charges | 65/66B | €40 | €79 | +€39 | +98.5% |
| Recurring financial charges | 65 | €40 | €79 | +€39 | +98.5% |
| Profit (loss) for the period before taxes | 9903 | €26,749 | €59,135 | +€32,386 | +121% |
| Income taxes | 67/77 | €8,553 | €19,269 | +€10,716 | +125% |
| Profit (loss) for the period | 9904 | €18,196 | €39,866 | +€21,670 | +119% |
| Profit (loss) for the period to be appropriated | 9905 | €18,196 | €39,866 | +€21,670 | +119% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.