JOHAN VOSSEN: 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 VOSSEN
Largest movements
- Cash +€92,992
up €92,992 (+465.3%), from €19,985 to €112,977
mainly Net result for the year (+€73,144) and Tax, wage and social debts (+€18,344)
- Tangible fixed assets +€2,453
up €2,453 (+26.5%), from €9,263 to €11,717
of which Land and buildings: +€2,448
- Reserves +€73,144
up €73,144 (+307.8%), from €23,764 to €96,907
- Tax, wage and social debts +€18,344
up €18,344 (+833.8%), from €2,200 to €20,544
of which Taxes: +€20,544
- Other debts +€3,346
up €3,346 (+272.8%), from €1,227 to €4,573
- Gross operating margin +€63,455
up €63,455 (+178.5%), from €35,552 to €99,007
- Taxes +€11,123
up €11,123 (+118.1%), from €9,421 to €20,544
- Financial charges +€2,148
up €2,148 (+14976.9%), from €14 to €2,162
- Depreciation +€1,168
up €1,168 (+467.6%), from €250 to €1,418
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 | €35,841 | €132,122 | +€96,281 | +268.6% |
| Fixed assets | 21/28 | €9,263 | €11,717 | +€2,453 | +26.5% |
| Tangible fixed assets | 22/27 | €9,263 | €11,717 | +€2,453 | +26.5% |
| Land and buildings | 22 | €7,887 | €10,335 | +€2,448 | +31.0% |
| Plant, machinery and equipment | 23 | €1,377 | €1,382 | +€5 | +0.4% |
| Current assets | 29/58 | €26,578 | €120,405 | +€93,827 | +353.0% |
| Amounts receivable within one year | 40/41 | €5,579 | €5,579 | = | 0.0% |
| Other amounts receivable | 41 | €5,579 | €5,579 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €19,985 | €112,977 | +€92,992 | +465.3% |
| Deferred charges and accrued income | 490/1 | €1,013 | €1,848 | +€835 | +82.5% |
| Total equity and liabilities | 10/49 | €35,841 | €132,122 | +€96,281 | +268.6% |
| Equity | 10/15 | €26,764 | €99,907 | +€73,144 | +273.3% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €23,764 | €96,907 | +€73,144 | +307.8% |
| Distributable reserves | 133 | €23,764 | €96,907 | +€73,144 | +307.8% |
| Amounts payable | 17/49 | €9,077 | €32,214 | +€23,137 | +254.9% |
| Amounts payable within one year | 42/48 | €9,077 | €31,810 | +€22,733 | +250.4% |
| Trade debts | 44 | €5,651 | €6,694 | +€1,043 | +18.5% |
| Suppliers | 440/4 | €5,651 | €6,694 | +€1,043 | +18.5% |
| Taxes, remuneration and social security | 45 | €2,200 | €20,544 | +€18,344 | +833.8% |
| Taxes | 450/3 | - | €20,544 | +€20,544 | |
| Remuneration and social security | 454/9 | €2,200 | €0 | -€2,200 | -100.0% |
| Other amounts payable | 47/48 | €1,227 | €4,573 | +€3,346 | +272.8% |
| Accrued charges and deferred income | 492/3 | - | €404 | +€404 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €250 | €1,418 | +€1,168 | +467.6% |
| Other operating charges | 640/8 | €2,103 | €1,739 | -€364 | -17.3% |
| Gross operating margin | 9900 | €35,552 | €99,007 | +€63,455 | +178.5% |
| Operating profit (loss) | 9901 | €33,199 | €95,850 | +€62,651 | +188.7% |
| Financial charges | 65/66B | €14 | €2,162 | +€2,148 | +14976.9% |
| Recurring financial charges | 65 | €14 | €2,162 | +€2,148 | +14976.9% |
| Profit (loss) for the period before taxes | 9903 | €33,184 | €93,688 | +€60,503 | +182.3% |
| Income taxes | 67/77 | €9,421 | €20,544 | +€11,123 | +118.1% |
| Profit (loss) for the period | 9904 | €23,764 | €73,144 | +€49,380 | +207.8% |
| Profit (loss) for the period to be appropriated | 9905 | €23,764 | €73,144 | +€49,380 | +207.8% |
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 12 October 2026 via checked.be.