Johan Van Pelt: 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 Pelt
Largest movements
- Receivables within one year +€40,742
up €40,742 (+83.7%), from €48,668 to €89,410
- Cash +€8,335
up €8,335 (+14.7%), from €56,745 to €65,080
mainly Net result for the year (+€183,740) and Receivables after one year (+€7,500)
- Receivables after one year -€7,500
down €7,500 (-9.7%), from €77,500 to €70,000
- Reserves +€183,740
up €183,740 (+888%), from €20,690 to €204,429
- Other debts -€124,355
down €124,355 (-96.4%), from €129,061 to €4,705
- Tax, wage and social debts -€14,077
down €14,077 (-44.3%), from €31,808 to €17,731
- Trade debts -€4,414
down €4,414 (-88.9%), from €4,964 to €550
- Gross operating margin +€43,432
up €43,432 (+21.9%), from €197,979 to €241,411
- Financial income -€11,079
down €11,079 (-65.0%), from €17,055 to €5,976
- Taxes +€8,450
up €8,450 (+17.3%), from €48,817 to €57,266
- Depreciation -€5,565
down €5,565 (-60.0%), from €9,270 to €3,704
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 | €192,777 | €232,415 | +€39,638 | +20.6% |
| Fixed assets | 21/28 | €8,972 | €7,024 | -€1,948 | -21.7% |
| Tangible fixed assets | 22/27 | €8,972 | €7,024 | -€1,948 | -21.7% |
| Plant, machinery and equipment | 23 | €2,124 | €1,227 | -€897 | -42.2% |
| Furniture and vehicles | 24 | €6,848 | €5,797 | -€1,051 | -15.4% |
| Current assets | 29/58 | €183,805 | €225,391 | +€41,586 | +22.6% |
| Amounts receivable after more than one year | 29 | €77,500 | €70,000 | -€7,500 | -9.7% |
| Other amounts receivable | 291 | €77,500 | €70,000 | -€7,500 | -9.7% |
| Amounts receivable within one year | 40/41 | €48,668 | €89,410 | +€40,742 | +83.7% |
| Other amounts receivable | 41 | €48,668 | €89,410 | +€40,742 | +83.7% |
| Cash at bank and in hand | 54/58 | €56,745 | €65,080 | +€8,335 | +14.7% |
| Deferred charges and accrued income | 490/1 | €893 | €902 | +€9 | +1.0% |
| Total equity and liabilities | 10/49 | €192,777 | €232,415 | +€39,638 | +20.6% |
| Equity | 10/15 | €25,690 | €209,429 | +€183,740 | +715% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €20,690 | €204,429 | +€183,740 | +888% |
| Distributable reserves | 133 | €20,690 | €204,429 | +€183,740 | +888% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €167,087 | €22,986 | -€144,101 | -86.2% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €167,087 | €22,986 | -€144,101 | -86.2% |
| Current portion of amounts payable after more than one year | 42 | €1,255 | €0 | -€1,255 | -100% |
| Trade debts | 44 | €4,964 | €550 | -€4,414 | -88.9% |
| Suppliers | 440/4 | €4,964 | €550 | -€4,414 | -88.9% |
| Taxes, remuneration and social security | 45 | €31,808 | €17,731 | -€14,077 | -44.3% |
| Taxes | 450/3 | €31,808 | €17,731 | -€14,077 | -44.3% |
| Other amounts payable | 47/48 | €129,061 | €4,705 | -€124,355 | -96.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,270 | €3,704 | -€5,565 | -60.0% |
| Other operating charges | 640/8 | €1,549 | €1,707 | +€158 | +10.2% |
| Gross operating margin | 9900 | €197,979 | €241,411 | +€43,432 | +21.9% |
| Operating profit (loss) | 9901 | €187,160 | €235,999 | +€48,840 | +26.1% |
| Financial income | 75/76B | €17,055 | €5,976 | -€11,079 | -65.0% |
| Recurring financial income | 75 | €17,055 | €5,976 | -€11,079 | -65.0% |
| Financial charges | 65/66B | €695 | €970 | +€274 | +39.5% |
| Recurring financial charges | 65 | €695 | €970 | +€274 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | €203,519 | €241,006 | +€37,487 | +18.4% |
| Income taxes | 67/77 | €48,817 | €57,266 | +€8,450 | +17.3% |
| Profit (loss) for the period | 9904 | €154,703 | €183,740 | +€29,037 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €154,703 | €183,740 | +€29,037 | +18.8% |
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 16 October 2026 via checked.be.