JONATHAN: what changed
Two fiscal 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.
JONATHAN
Largest movements
- Financial fixed assets +€1,493
up €1,493 (+2985.0%), from €50 to €1,543
- Cash -€820
down €820 (-4.2%), from €19,627 to €18,807
mainly Investment in fixed assets (net) (-€1,493) and Tax, wage and social debts (-€1,145)
- Tangible fixed assets -€281
down €281 (-25.6%), from €1,096 to €815
of which Furniture and vehicles: -€173
- Reserves +€1,500
up €1,500 (+100.6%), from €1,491 to €2,991
- Tax, wage and social debts -€1,145
down €1,145 (-62.3%), from €1,837 to €693
of which Remuneration and social security: -€1,550
- Other debts +€561
up €561 (+864.3%), from €65 to €626
- Trade debts -€452
down €452 (-47.3%), from €954 to €503
- Financial income +€896
up €896 (+3847.6%), from €23 to €919
of which Non-recurring financial income: +€901
- Gross operating margin -€680
down €680 (-15.5%), from €4,372 to €3,692
- Taxes +€540
new in 2025: €540
- Other operating charges -€172
down €172 (-15.9%), from €1,087 to €915
- Financial charges +€60
up €60 (+12.3%), from €484 to €544
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 | €23,098 | €23,563 | +€465 | +2.0% |
| Fixed assets | 21/28 | €1,146 | €2,358 | +€1,212 | +105.8% |
| Tangible fixed assets | 22/27 | €1,096 | €815 | -€281 | -25.6% |
| Plant, machinery and equipment | 23 | €402 | €295 | -€107 | -26.7% |
| Furniture and vehicles | 24 | €693 | €520 | -€173 | -25.0% |
| Financial fixed assets | 28 | €50 | €1,543 | +€1,493 | +2985.0% |
| Current assets | 29/58 | €21,952 | €21,205 | -€747 | -3.4% |
| Stocks and contracts in progress | 3 | €2,303 | €2,379 | +€76 | +3.3% |
| Stocks | 30/36 | €2,303 | €2,379 | +€76 | +3.3% |
| Amounts receivable within one year | 40/41 | €22 | €19 | -€3 | -12.2% |
| Other amounts receivable | 41 | €22 | €19 | -€3 | -12.2% |
| Cash at bank and in hand | 54/58 | €19,627 | €18,807 | -€820 | -4.2% |
| Total equity and liabilities | 10/49 | €23,098 | €23,563 | +€465 | +2.0% |
| Equity | 10/15 | €20,241 | €21,741 | +€1,500 | +7.4% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €1,491 | €2,991 | +€1,500 | +100.6% |
| Distributable reserves | 133 | €1,491 | €2,991 | +€1,500 | +100.6% |
| Amounts payable | 17/49 | €2,857 | €1,822 | -€1,035 | -36.2% |
| Amounts payable within one year | 42/48 | €2,857 | €1,822 | -€1,035 | -36.2% |
| Trade debts | 44 | €954 | €503 | -€452 | -47.3% |
| Suppliers | 440/4 | €954 | €503 | -€452 | -47.3% |
| Taxes, remuneration and social security | 45 | €1,837 | €693 | -€1,145 | -62.3% |
| Taxes | 450/3 | €287 | €693 | +€405 | +141.0% |
| Remuneration and social security | 454/9 | €1,550 | - | -€1,550 | |
| Other amounts payable | 47/48 | €65 | €626 | +€561 | +864.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €281 | €281 | = | 0.0% |
| Other operating charges | 640/8 | €1,087 | €915 | -€172 | -15.9% |
| Gross operating margin | 9900 | €4,372 | €3,692 | -€680 | -15.5% |
| Operating profit (loss) | 9901 | €3,004 | €2,497 | -€507 | -16.9% |
| Financial income | 75/76B | €23 | €919 | +€896 | +3847.6% |
| Recurring financial income | 75 | €5 | €0 | -€5 | -99.4% |
| Non-recurring financial income | 76B | €18 | €919 | +€901 | +4954.8% |
| Financial charges | 65/66B | €484 | €544 | +€60 | +12.3% |
| Recurring financial charges | 65 | €484 | €544 | +€60 | +12.3% |
| Profit (loss) for the period before taxes | 9903 | €2,544 | €2,873 | +€329 | +12.9% |
| Income taxes | 67/77 | - | €540 | +€540 | |
| Profit (loss) for the period | 9904 | €2,544 | €2,333 | -€211 | -8.3% |
| Profit (loss) for the period to be appropriated | 9905 | €2,544 | €2,333 | -€211 | -8.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.