JONATHAN LAUWERS: 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 LAUWERS
Largest movements
- Cash -€46,300
down €46,300 (-79.2%), from €58,492 to €12,192
mainly Tax, wage and social debts (-€26,407) and Net result for the year (-€12,933)
- Receivables within one year +€10,637
up €10,637 (+329%), from €3,228 to €13,865
of which Trade receivables: +€10,500
- Tangible fixed assets -€4,091
down €4,091 (-66.6%), from €6,138 to €2,047
of which Plant, machinery and equipment: -€3,212
- Financial fixed assets +€760
new in 2025: €760
- Tax, wage and social debts -€26,407
down €26,407 (-84.5%), from €31,263 to €4,855
of which Taxes: -€26,407
- Profit (loss) carried forward -€12,933
down €12,933 (-38.7%), from €33,405 to €20,473
- Trade debts +€1,153
up €1,153 (+142%), from €813 to €1,966
- Other debts -€960
no longer reported in 2025 (was €960)
- Gross operating margin -€57,302
down €57,302, from €48,856 to -€8,446
- Taxes -€10,114
no longer reported in 2025 (was €10,114)
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 | €67,871 | €28,876 | -€38,995 | -57.5% |
| Fixed assets | 21/28 | €6,138 | €2,807 | -€3,331 | -54.3% |
| Tangible fixed assets | 22/27 | €6,138 | €2,047 | -€4,091 | -66.6% |
| Plant, machinery and equipment | 23 | €5,259 | €2,047 | -€3,212 | -61.1% |
| Furniture and vehicles | 24 | €879 | - | -€879 | |
| Financial fixed assets | 28 | - | €760 | +€760 | |
| Current assets | 29/58 | €61,733 | €26,069 | -€35,663 | -57.8% |
| Amounts receivable within one year | 40/41 | €3,228 | €13,865 | +€10,637 | +329% |
| Trade receivables | 40 | - | €10,500 | +€10,500 | |
| Other amounts receivable | 41 | €3,228 | €3,365 | +€137 | +4.2% |
| Cash at bank and in hand | 54/58 | €58,492 | €12,192 | -€46,300 | -79.2% |
| Deferred charges and accrued income | 490/1 | €12 | €12 | +€0 | +2.2% |
| Total equity and liabilities | 10/49 | €67,871 | €28,876 | -€38,995 | -57.5% |
| Equity | 10/15 | €34,405 | €21,473 | -€12,933 | -37.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €33,405 | €20,473 | -€12,933 | -38.7% |
| Amounts payable | 17/49 | €33,466 | €7,404 | -€26,062 | -77.9% |
| Amounts payable within one year | 42/48 | €33,036 | €6,821 | -€26,215 | -79.4% |
| Trade debts | 44 | €813 | €1,966 | +€1,153 | +142% |
| Suppliers | 440/4 | €813 | €1,966 | +€1,153 | +142% |
| Taxes, remuneration and social security | 45 | €31,263 | €4,855 | -€26,407 | -84.5% |
| Taxes | 450/3 | €30,093 | €3,685 | -€26,407 | -87.8% |
| Remuneration and social security | 454/9 | €1,170 | €1,170 | = | 0.0% |
| Other amounts payable | 47/48 | €960 | - | -€960 | |
| Accrued charges and deferred income | 492/3 | €430 | €583 | +€153 | +35.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,111 | €4,091 | -€20 | -0.5% |
| Other operating charges | 640/8 | €110 | €116 | +€6 | +5.1% |
| Gross operating margin | 9900 | €48,856 | -€8,446 | -€57,302 | |
| Operating profit (loss) | 9901 | €44,634 | -€12,653 | -€57,288 | |
| Financial income | 75/76B | - | €55 | +€55 | |
| Recurring financial income | 75 | - | €55 | +€55 | |
| Financial charges | 65/66B | €315 | €334 | +€19 | +6.0% |
| Recurring financial charges | 65 | €315 | €334 | +€19 | +6.0% |
| Profit (loss) for the period before taxes | 9903 | €44,320 | -€12,933 | -€57,252 | |
| Income taxes | 67/77 | €10,114 | - | -€10,114 | |
| Profit (loss) for the period | 9904 | €34,205 | -€12,933 | -€47,138 | |
| Profit (loss) for the period to be appropriated | 9905 | €34,205 | -€12,933 | -€47,138 |
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 23 October 2026 via checked.be.