Joost De Bauw: what changed
Joost De Bauw
Largest movements
- Receivables within one year +€37,431
up €37,431 (+367%), from €10,196 to €47,627
of which Trade receivables: +€23,698
- Cash +€16,099
up €16,099 (+86.4%), from €18,624 to €34,724
mainly Net result for the year (+€38,444) and Tax, wage and social debts (+€14,614)
- Tangible fixed assets +€4,217
up €4,217 (+15.9%), from €26,592 to €30,809
- Profit (loss) carried forward +€38,444
up €38,444 (+321%), from €11,960 to €50,403
- Tax, wage and social debts +€14,614
up €14,614 (+133%), from €10,995 to €25,609
- Trade debts +€12,812
up €12,812 (+276%), from €4,641 to €17,453
- Debts after one year -€4,644
down €4,644 (-24.7%), from €18,800 to €14,156
- Other debts -€3,659
down €3,659 (-100%), from €3,659 to €0
- Gross operating margin +€37,670
up €37,670 (+182%), from €20,737 to €58,406
- Taxes +€8,712
up €8,712 (+210%), from €4,139 to €12,851
- Depreciation +€1,338
up €1,338 (+712%), from €188 to €1,526
- Financial charges +€1,102
up €1,102 (+29.7%), from €3,713 to €4,815
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 | €55,527 | €113,265 | +€57,739 | +104% |
| Fixed assets | 21/28 | €26,592 | €30,809 | +€4,217 | +15.9% |
| Tangible fixed assets | 22/27 | €26,592 | €30,809 | +€4,217 | +15.9% |
| Furniture and vehicles | 24 | €26,592 | €30,809 | +€4,217 | +15.9% |
| Current assets | 29/58 | €28,935 | €82,457 | +€53,522 | +185% |
| Amounts receivable within one year | 40/41 | €10,196 | €47,627 | +€37,431 | +367% |
| Trade receivables | 40 | €10,120 | €33,819 | +€23,698 | +234% |
| Other amounts receivable | 41 | €76 | €13,808 | +€13,733 | +18,165% |
| Cash at bank and in hand | 54/58 | €18,624 | €34,724 | +€16,099 | +86.4% |
| Deferred charges and accrued income | 490/1 | €115 | €106 | -€9 | -7.5% |
| Total equity and liabilities | 10/49 | €55,527 | €113,265 | +€57,739 | +104% |
| Equity | 10/15 | €12,960 | €51,403 | +€38,444 | +297% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €11,960 | €50,403 | +€38,444 | +321% |
| Amounts payable | 17/49 | €42,567 | €61,862 | +€19,295 | +45.3% |
| Amounts payable after more than one year | 17 | €18,800 | €14,156 | -€4,644 | -24.7% |
| Financial debts | 170/4 | €18,800 | €14,156 | -€4,644 | -24.7% |
| Amounts payable within one year | 42/48 | €23,767 | €47,706 | +€23,939 | +101% |
| Current portion of amounts payable after more than one year | 42 | €4,471 | €4,644 | +€173 | +3.9% |
| Trade debts | 44 | €4,641 | €17,453 | +€12,812 | +276% |
| Suppliers | 440/4 | €4,641 | €17,453 | +€12,812 | +276% |
| Taxes, remuneration and social security | 45 | €10,995 | €25,609 | +€14,614 | +133% |
| Taxes | 450/3 | €10,995 | €25,609 | +€14,614 | +133% |
| Other amounts payable | 47/48 | €3,659 | €0 | -€3,659 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €188 | €1,526 | +€1,338 | +712% |
| Other operating charges | 640/8 | €774 | €1,231 | +€457 | +59.1% |
| Gross operating margin | 9900 | €20,737 | €58,406 | +€37,670 | +182% |
| Operating profit (loss) | 9901 | €19,775 | €55,649 | +€35,874 | +181% |
| Financial income | 75/76B | €36 | €460 | +€424 | +1,178% |
| Recurring financial income | 75 | €36 | €460 | +€424 | +1,178% |
| Financial charges | 65/66B | €3,713 | €4,815 | +€1,102 | +29.7% |
| Recurring financial charges | 65 | €3,713 | €4,815 | +€1,102 | +29.7% |
| Profit (loss) for the period before taxes | 9903 | €16,098 | €51,294 | +€35,196 | +219% |
| Income taxes | 67/77 | €4,139 | €12,851 | +€8,712 | +210% |
| Profit (loss) for the period | 9904 | €11,960 | €38,444 | +€26,484 | +221% |
| Profit (loss) for the period to be appropriated | 9905 | €11,960 | €38,444 | +€26,484 | +221% |
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 5 November 2026 via checked.be.