Jonathan De Cooman: 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.
Jonathan De Cooman
Largest movements
- Cash -€658
down €658 (-18.3%), from €3,600 to €2,942
mainly Other debts (-€2,602) and Accrued charges and deferred income (-€251)
- Formation expenses -€521
down €521 (-20.0%), from €2,602 to €2,081
- Other debts -€2,602
no longer reported in 2025 (was €2,602)
- Profit (loss) carried forward +€1,344
up €1,344 (+87.9%), from -€1,529 to -€185
- Tax, wage and social debts +€330
up €330, from €0 to €330
- Accrued charges and deferred income -€251
no longer reported in 2025 (was €251)
- Turnover +€2,311
up €2,311 (+62.8%), from €3,678 to €5,989
- Staff costs -€2,267
no longer reported in 2025 (was €2,267)
- Other operating charges -€1,677
down €1,677 (-57.1%), from €2,939 to €1,262
- Purchases and services +€1,653
up €1,653 (+137%), from €1,209 to €2,862
- Gross operating margin -€551
down €551 (-15.0%), from €3,677 to €3,126
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 | €6,324 | €5,145 | -€1,179 | -18.6% |
| Formation expenses | 20 | €2,602 | €2,081 | -€521 | -20.0% |
| Fixed assets | 21/28 | €122 | €122 | = | 0.0% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €122 | €122 | = | 0.0% |
| Land and buildings | 22 | €0 | - | = | |
| Plant, machinery and equipment | 23 | €68 | €68 | = | 0.0% |
| Furniture and vehicles | 24 | €54 | €54 | = | 0.0% |
| Leasing and similar rights | 25 | €0 | €0 | = | |
| Other tangible fixed assets | 26 | €0 | €0 | = | |
| Assets under construction and advance payments | 27 | €0 | €0 | = | |
| Financial fixed assets | 28 | - | €0 | = | |
| Current assets | 29/58 | €3,600 | €2,942 | -€658 | -18.3% |
| Amounts receivable after more than one year | 29 | €0 | - | = | |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €0 | €0 | = | |
| Other amounts receivable | 41 | €0 | €0 | = | |
| Current investments | 50/53 | €0 | €0 | = | |
| Cash at bank and in hand | 54/58 | €3,600 | €2,942 | -€658 | -18.3% |
| Deferred charges and accrued income | 490/1 | €0 | €0 | = | |
| Total equity and liabilities | 10/49 | €6,324 | €5,145 | -€1,179 | -18.6% |
| Equity | 10/15 | €3,471 | €4,815 | +€1,344 | +38.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Revaluation surpluses | 12 | €0 | - | = | |
| Reserves | 13 | €0 | - | = | |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€1,529 | -€185 | +€1,344 | +87.9% |
| Investment grants | 15 | €0 | - | = | |
| Advance to shareholders on the distribution of net assets | 19 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Amounts payable | 17/49 | €2,853 | €330 | -€2,523 | -88.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €2,602 | €330 | -€2,272 | -87.3% |
| Current portion of amounts payable after more than one year | 42 | €0 | €0 | = | |
| Financial debts | 43 | €0 | - | = | |
| Trade debts | 44 | €0 | - | = | |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €0 | €330 | +€330 | |
| Taxes | 450/3 | €0 | €330 | +€330 | |
| Other amounts payable | 47/48 | €2,602 | - | -€2,602 | |
| Accrued charges and deferred income | 492/3 | €251 | - | -€251 | |
| Turnover | 70 | €3,678 | €5,989 | +€2,311 | +62.8% |
| Goods, raw materials, services and sundry goods | 60/61 | €1,209 | €2,862 | +€1,653 | +137% |
| Remuneration, social security and pensions | 62 | €2,267 | - | -€2,267 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €0 | €521 | +€521 | |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €0 | - | = | |
| Other operating charges | 640/8 | €2,939 | €1,262 | -€1,677 | -57.1% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €3,677 | €3,126 | -€551 | -15.0% |
| Operating profit (loss) | 9901 | -€1,529 | €1,343 | +€2,872 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €33 | - | -€33 | |
| Recurring financial charges | 65 | €33 | - | -€33 | |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | -€1,562 | €1,343 | +€2,905 | |
| Transfer from deferred taxes | 780 | €0 | - | = | |
| Transfer to deferred taxes | 680 | €0 | - | = | |
| Income taxes | 67/77 | -€33 | €0 | +€33 | |
| Profit (loss) for the period | 9904 | -€1,529 | €1,343 | +€2,872 | |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | -€1,529 | €1,343 | +€2,872 |
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 19 October 2026 via checked.be.