JONAS VERBEKE: 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.
JONAS VERBEKE
Largest movements
- Cash +€57,513
up €57,513 (+115%), from €49,812 to €107,325
mainly Net result for the year (+€66,884) and Depreciation (+€3,570)
- Receivables within one year +€10,252
up €10,252 (+55.1%), from €18,615 to €28,868
of which Other amounts receivable: +€10,702
- Tangible fixed assets -€2,221
down €2,221 (-15.5%), from €14,344 to €12,123
of which Furniture and vehicles: -€2,209
- Deferred charges and accrued income +€2,153
up €2,153 (+434%), from €496 to €2,649
- Reserves +€66,051
up €66,051 (+109%), from €60,572 to €126,623
- Other debts -€2,741
down €2,741 (-32.2%), from €8,517 to €5,776
- Tax, wage and social debts +€2,455
up €2,455 (+25.7%), from €9,545 to €12,000
of which Remuneration and social security: +€3,000
- Trade debts +€1,518
up €1,518 (+92.9%), from €1,633 to €3,151
- Taxes -€3,561
down €3,561 (-17.3%), from €20,545 to €16,984
- Gross operating margin +€2,669
up €2,669 (+3.1%), from €86,119 to €88,788
- Depreciation +€1,078
up €1,078 (+43.3%), from €2,492 to €3,570
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 | €83,268 | €150,965 | +€67,697 | +81.3% |
| Fixed assets | 21/28 | €14,344 | €12,123 | -€2,221 | -15.5% |
| Tangible fixed assets | 22/27 | €14,344 | €12,123 | -€2,221 | -15.5% |
| Plant, machinery and equipment | 23 | €5,011 | €4,999 | -€13 | -0.3% |
| Furniture and vehicles | 24 | €9,333 | €7,124 | -€2,209 | -23.7% |
| Current assets | 29/58 | €68,923 | €138,841 | +€69,918 | +101% |
| Amounts receivable within one year | 40/41 | €18,615 | €28,868 | +€10,252 | +55.1% |
| Trade receivables | 40 | €17,985 | €17,536 | -€449 | -2.5% |
| Other amounts receivable | 41 | €630 | €11,332 | +€10,702 | +1,698% |
| Cash at bank and in hand | 54/58 | €49,812 | €107,325 | +€57,513 | +115% |
| Deferred charges and accrued income | 490/1 | €496 | €2,649 | +€2,153 | +434% |
| Total equity and liabilities | 10/49 | €83,268 | €150,965 | +€67,697 | +81.3% |
| Equity | 10/15 | €63,572 | €129,623 | +€66,051 | +104% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €60,572 | €126,623 | +€66,051 | +109% |
| Distributable reserves | 133 | €60,572 | €126,623 | +€66,051 | +109% |
| Amounts payable | 17/49 | €19,696 | €21,342 | +€1,646 | +8.4% |
| Amounts payable within one year | 42/48 | €19,696 | €20,927 | +€1,232 | +6.3% |
| Trade debts | 44 | €1,633 | €3,151 | +€1,518 | +92.9% |
| Suppliers | 440/4 | €1,633 | €3,151 | +€1,518 | +92.9% |
| Taxes, remuneration and social security | 45 | €9,545 | €12,000 | +€2,455 | +25.7% |
| Taxes | 450/3 | €3,545 | €3,000 | -€545 | -15.4% |
| Remuneration and social security | 454/9 | €6,000 | €9,000 | +€3,000 | +50.0% |
| Other amounts payable | 47/48 | €8,517 | €5,776 | -€2,741 | -32.2% |
| Accrued charges and deferred income | 492/3 | - | €415 | +€415 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,492 | €3,570 | +€1,078 | +43.3% |
| Other operating charges | 640/8 | €1,452 | €1,312 | -€141 | -9.7% |
| Gross operating margin | 9900 | €86,119 | €88,788 | +€2,669 | +3.1% |
| Operating profit (loss) | 9901 | €82,175 | €83,907 | +€1,732 | +2.1% |
| Financial income | 75/76B | €7 | €5 | -€2 | -26.5% |
| Recurring financial income | 75 | €7 | €5 | -€2 | -26.5% |
| Financial charges | 65/66B | €206 | €44 | -€162 | -78.6% |
| Recurring financial charges | 65 | €206 | €44 | -€162 | -78.6% |
| Profit (loss) for the period before taxes | 9903 | €81,976 | €83,868 | +€1,892 | +2.3% |
| Income taxes | 67/77 | €20,545 | €16,984 | -€3,561 | -17.3% |
| Profit (loss) for the period | 9904 | €61,431 | €66,884 | +€5,453 | +8.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,431 | €66,884 | +€5,453 | +8.9% |
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 27 October 2026 via checked.be.