JOHAN VAN OEKEL: 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.
What changed
JOHAN VAN OEKEL
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€27,239
2024 · -€33,288+€6,049
Equity
€801,772
2024 · €829,011-€27,239
Cash
€68,975
2024 · €70,563-€1,588
Balance sheet total
€1.9m
2024 · €2.0m-€97,508
Largest movements
Assets
- Tangible fixed assets -€78,181
down €78,181 (-5.7%), from €1.4m to €1.3m
of which Land and buildings: -€75,410
Equity and liabilities
- Other debts -€40,494
down €40,494 (-3.6%), from €1.1m to €1.1m
- Reserves -€23,858
down €23,858 (-16.4%), from €145,390 to €121,532
of which Tax-exempt reserves: -€23,858
Income statement
- Financial income +€4,203
up €4,203 (+54.6%), from €7,692 to €11,895
- Gross operating margin +€1,249
up €1,249 (+3.2%), from €39,072 to €40,321
- Depreciation -€668
down €668 (-0.8%), from €79,987 to €79,319
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.
Result 2024
-€33,288
Gross operating margin
+€1,249
Depreciation
+€668
Other operating charges
-€241
Other operating items
+€286
Financial income
+€4,203
Financial charges
-€117
Result 2025
-€27,239
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€194
Investment
+€18,218
Financing
-€20,000
Cash 2024
€70,563
From operations (derived)
+€194
Net result for the year
-€27,239
Depreciation
+€79,319
Receivables within one year
-€1,618
Provisions
-€7,953
Trade debts
-€1,808
Other debts
-€40,494
Accrued charges and deferred income
-€14
Investment (derived)
+€18,218
Investment in fixed assets (net)
-€1,137
Current investments
+€19,355
Financing
-€20,000
Debts after one year
-€20,000
Cash 2025
€68,975
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,025,821 | €1,928,314 | -€97,508 | -4.8% |
| Fixed assets | 21/28 | €1,367,406 | €1,289,225 | -€78,181 | -5.7% |
| Tangible fixed assets | 22/27 | €1,367,406 | €1,289,225 | -€78,181 | -5.7% |
| Land and buildings | 22 | €1,358,404 | €1,282,995 | -€75,410 | -5.6% |
| Plant, machinery and equipment | 23 | €7,656 | €4,979 | -€2,678 | -35.0% |
| Furniture and vehicles | 24 | €1,346 | €1,251 | -€94 | -7.0% |
| Current assets | 29/58 | €658,415 | €639,089 | -€19,326 | -2.9% |
| Amounts receivable within one year | 40/41 | €712 | €2,330 | +€1,618 | +227% |
| Other amounts receivable | 41 | €712 | €2,330 | +€1,618 | +227% |
| Current investments | 50/53 | €587,140 | €567,784 | -€19,355 | -3.3% |
| Cash at bank and in hand | 54/58 | €70,563 | €68,975 | -€1,588 | -2.3% |
| Total equity and liabilities | 10/49 | €2,025,821 | €1,928,314 | -€97,508 | -4.8% |
| Equity | 10/15 | €829,011 | €801,772 | -€27,239 | -3.3% |
| Contributions | 10/11 | €496,000 | €496,000 | = | 0.0% |
| Reserves | 13 | €145,390 | €121,532 | -€23,858 | -16.4% |
| Non-distributable reserves | 130/1 | €49,600 | €49,600 | = | 0.0% |
| Reserves not available under the articles | 1311 | €49,600 | €49,600 | = | 0.0% |
| Tax-exempt reserves | 132 | €95,790 | €71,932 | -€23,858 | -24.9% |
| Profit (loss) carried forward | 14 | €187,621 | €184,240 | -€3,381 | -1.8% |
| Provisions and deferred taxes | 16 | €31,930 | €23,977 | -€7,953 | -24.9% |
| Deferred taxes | 168 | €31,930 | €23,977 | -€7,953 | -24.9% |
| Amounts payable | 17/49 | €1,164,880 | €1,102,564 | -€62,316 | -5.3% |
| Amounts payable after more than one year | 17 | €20,000 | €0 | -€20,000 | -100% |
| Financial debts | 170/4 | €20,000 | €0 | -€20,000 | -100% |
| Amounts payable within one year | 42/48 | €1,141,325 | €1,099,023 | -€42,301 | -3.7% |
| Trade debts | 44 | €1,808 | €0 | -€1,808 | -100% |
| Suppliers | 440/4 | €1,808 | €0 | -€1,808 | -100% |
| Other amounts payable | 47/48 | €1,139,517 | €1,099,023 | -€40,494 | -3.6% |
| Accrued charges and deferred income | 492/3 | €3,555 | €3,541 | -€14 | -0.4% |
| Non-recurring operating income | 76A | €1,204 | €328 | -€876 | -72.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,987 | €79,319 | -€668 | -0.8% |
| Other operating charges | 640/8 | €7,690 | €7,931 | +€241 | +3.1% |
| Non-recurring operating charges | 66A | €286 | €0 | -€286 | -100% |
| Gross operating margin | 9900 | €39,072 | €40,321 | +€1,249 | +3.2% |
| Operating profit (loss) | 9901 | -€48,890 | -€46,928 | +€1,962 | +4.0% |
| Financial income | 75/76B | €7,692 | €11,895 | +€4,203 | +54.6% |
| Recurring financial income | 75 | €7,692 | €11,895 | +€4,203 | +54.6% |
| Financial charges | 65/66B | €42 | €159 | +€117 | +279% |
| Recurring financial charges | 65 | €42 | €159 | +€117 | +279% |
| Profit (loss) for the period before taxes | 9903 | -€41,240 | -€35,192 | +€6,049 | +14.7% |
| Transfer from deferred taxes | 780 | €7,953 | €7,953 | = | 0.0% |
| Profit (loss) for the period | 9904 | -€33,288 | -€27,239 | +€6,049 | +18.2% |
| Transfer from tax-exempt reserves | 789 | €23,858 | €23,858 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,430 | -€3,381 | +€6,049 | +64.1% |
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 29 October 2026 via checked.be.