Jonas Vermeulen: what changed
Jonas Vermeulen
Largest movements
- Cash +€22,258
up €22,258 (+24.3%), from €91,524 to €113,782
mainly Other debts (+€22,261) and Net result for the year (+€17,186)
- Receivables within one year +€19,483
up €19,483 (+107%), from €18,184 to €37,666
of which Trade receivables: +€19,412
- Tangible fixed assets -€3,015
down €3,015 (-21.3%), from €14,156 to €11,141
- Other debts +€22,261
up €22,261 (+50.3%), from €44,230 to €66,491
- Reserves +€17,186
up €17,186 (+27.4%), from €62,735 to €79,921
- Trade debts -€3,249
down €3,249 (-81.5%), from €3,988 to €739
- Accrued charges and deferred income +€2,588
up €2,588 (+51.0%), from €5,078 to €7,666
- Gross operating margin +€3,357
up €3,357 (+11.7%), from €28,681 to €32,038
- Taxes +€1,327
up €1,327 (+18.8%), from €7,062 to €8,389
- Financial charges +€1,310
up €1,310 (+73.2%), from €1,789 to €3,099
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €125,427 | €163,177 | +€37,750 | +30.1% |
| Fixed assets | 21/28 | €14,156 | €11,141 | -€3,015 | -21.3% |
| Tangible fixed assets | 22/27 | €14,156 | €11,141 | -€3,015 | -21.3% |
| Plant, machinery and equipment | 23 | €243 | - | -€243 | |
| Furniture and vehicles | 24 | €2,995 | €1,570 | -€1,425 | -47.6% |
| Other tangible fixed assets | 26 | €10,918 | €9,572 | -€1,346 | -12.3% |
| Current assets | 29/58 | €111,271 | €152,036 | +€40,765 | +36.6% |
| Amounts receivable within one year | 40/41 | €18,184 | €37,666 | +€19,483 | +107% |
| Trade receivables | 40 | €18,184 | €37,596 | +€19,412 | +107% |
| Other amounts receivable | 41 | - | €71 | +€71 | |
| Cash at bank and in hand | 54/58 | €91,524 | €113,782 | +€22,258 | +24.3% |
| Deferred charges and accrued income | 490/1 | €1,562 | €587 | -€975 | -62.4% |
| Total equity and liabilities | 10/49 | €125,427 | €163,177 | +€37,750 | +30.1% |
| Equity | 10/15 | €64,735 | €81,921 | +€17,186 | +26.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €62,735 | €79,921 | +€17,186 | +27.4% |
| Distributable reserves | 133 | €62,735 | €79,921 | +€17,186 | +27.4% |
| Amounts payable | 17/49 | €60,692 | €81,257 | +€20,564 | +33.9% |
| Amounts payable within one year | 42/48 | €55,614 | €73,590 | +€17,977 | +32.3% |
| Trade debts | 44 | €3,988 | €739 | -€3,249 | -81.5% |
| Suppliers | 440/4 | €3,988 | €739 | -€3,249 | -81.5% |
| Taxes, remuneration and social security | 45 | €7,396 | €6,360 | -€1,036 | -14.0% |
| Taxes | 450/3 | €7,396 | €6,360 | -€1,036 | -14.0% |
| Other amounts payable | 47/48 | €44,230 | €66,491 | +€22,261 | +50.3% |
| Accrued charges and deferred income | 492/3 | €5,078 | €7,666 | +€2,588 | +51.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,709 | €3,015 | +€306 | +11.3% |
| Other operating charges | 640/8 | €497 | €349 | -€148 | -29.8% |
| Gross operating margin | 9900 | €28,681 | €32,038 | +€3,357 | +11.7% |
| Operating profit (loss) | 9901 | €25,475 | €28,674 | +€3,199 | +12.6% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €1,789 | €3,099 | +€1,310 | +73.2% |
| Recurring financial charges | 65 | €1,789 | €3,099 | +€1,310 | +73.2% |
| Profit (loss) for the period before taxes | 9903 | €23,686 | €25,575 | +€1,889 | +8.0% |
| Income taxes | 67/77 | €7,062 | €8,389 | +€1,327 | +18.8% |
| Profit (loss) for the period | 9904 | €16,624 | €17,186 | +€562 | +3.4% |
| Profit (loss) for the period to be appropriated | 9905 | €16,624 | €17,186 | +€562 | +3.4% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.