Jonathan E. Shipp: 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 E. Shipp
Largest movements
- Receivables within one year +€9,147
up €9,147 (+127.6%), from €7,168 to €16,315
of which Trade receivables: +€7,200
- Tangible fixed assets -€1,912
down €1,912 (-45.7%), from €4,182 to €2,270
- Cash -€466
down €466 (-11.1%), from €4,189 to €3,724
mainly Receivables within one year (-€9,147)
- Reserves +€6,000
up €6,000 (+54.5%), from €11,000 to €17,000
- Tax, wage and social debts +€1,165
up €1,165 (+208.5%), from €559 to €1,724
- Profit (loss) carried forward -€423
down €423 (-74.4%), from €568 to €146
- Gross operating margin +€3,973
up €3,973 (+77.1%), from €5,150 to €9,123
- Taxes +€1,724
new in 2025: €1,724
- Other operating charges +€294
new in 2025: €294
- Financial income +€130
up €130 (+42.5%), from €307 to €437
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 | €16,167 | €22,932 | +€6,765 | +41.8% |
| Fixed assets | 21/28 | €4,182 | €2,270 | -€1,912 | -45.7% |
| Tangible fixed assets | 22/27 | €4,182 | €2,270 | -€1,912 | -45.7% |
| Furniture and vehicles | 24 | €4,182 | €2,270 | -€1,912 | -45.7% |
| Current assets | 29/58 | €11,985 | €20,662 | +€8,677 | +72.4% |
| Amounts receivable within one year | 40/41 | €7,168 | €16,315 | +€9,147 | +127.6% |
| Trade receivables | 40 | - | €7,200 | +€7,200 | |
| Other amounts receivable | 41 | €7,168 | €9,115 | +€1,947 | +27.2% |
| Cash at bank and in hand | 54/58 | €4,189 | €3,724 | -€466 | -11.1% |
| Deferred charges and accrued income | 490/1 | €628 | €623 | -€4 | -0.7% |
| Total equity and liabilities | 10/49 | €16,167 | €22,932 | +€6,765 | +41.8% |
| Equity | 10/15 | €15,568 | €21,146 | +€5,577 | +35.8% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Outside capital | 11 | €4,000 | €4,000 | = | 0.0% |
| Other | 1109/19 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €11,000 | €17,000 | +€6,000 | +54.5% |
| Distributable reserves | 133 | €11,000 | €17,000 | +€6,000 | +54.5% |
| Profit (loss) carried forward | 14 | €568 | €146 | -€423 | -74.4% |
| Amounts payable | 17/49 | €598 | €1,786 | +€1,188 | +198.5% |
| Amounts payable within one year | 42/48 | €598 | €1,786 | +€1,188 | +198.5% |
| Trade debts | 44 | €40 | €63 | +€23 | +58.1% |
| Suppliers | 440/4 | €40 | €63 | +€23 | +58.1% |
| Taxes, remuneration and social security | 45 | €559 | €1,724 | +€1,165 | +208.5% |
| Taxes | 450/3 | €559 | €1,724 | +€1,165 | +208.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,846 | €1,912 | +€66 | +3.5% |
| Other operating charges | 640/8 | - | €294 | +€294 | |
| Gross operating margin | 9900 | €5,150 | €9,123 | +€3,973 | +77.1% |
| Operating profit (loss) | 9901 | €3,304 | €6,917 | +€3,613 | +109.4% |
| Financial income | 75/76B | €307 | €437 | +€130 | +42.5% |
| Recurring financial income | 75 | €307 | €437 | +€130 | +42.5% |
| Financial charges | 65/66B | €46 | €53 | +€7 | +14.3% |
| Recurring financial charges | 65 | €46 | €53 | +€7 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | €3,564 | €7,301 | +€3,737 | +104.8% |
| Income taxes | 67/77 | - | €1,724 | +€1,724 | |
| Profit (loss) for the period | 9904 | €3,564 | €5,577 | +€2,013 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,564 | €5,577 | +€2,013 | +56.5% |
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 28 September 2026 via checked.be.