Joost van Riel: 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.
Joost van Riel
Largest movements
- Cash -€4,498
down €4,498 (-5.6%), from €80,394 to €75,896
mainly Contributions, distributions and other (-€72,800) and Tax, wage and social debts (-€3,634)
- Trade debts +€3,864
up €3,864 (+259%), from €1,490 to €5,354
- Tax, wage and social debts -€3,634
down €3,634 (-36.4%), from €9,983 to €6,349
of which Taxes: -€3,634
- Reserves -€3,109
down €3,109 (-73.9%), from €4,205 to €1,096
- Other debts -€935
down €935 (-1.4%), from €64,995 to €64,060
- Gross operating margin +€1,350
up €1,350 (+1.5%), from €87,519 to €88,869
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 | €83,735 | €79,379 | -€4,356 | -5.2% |
| Fixed assets | 21/28 | €3,341 | €2,804 | -€537 | -16.1% |
| Tangible fixed assets | 22/27 | €3,341 | €2,804 | -€537 | -16.1% |
| Plant, machinery and equipment | 23 | €2,094 | €1,856 | -€238 | -11.4% |
| Furniture and vehicles | 24 | €1,247 | €948 | -€299 | -24.0% |
| Current assets | 29/58 | €80,394 | €76,575 | -€3,819 | -4.8% |
| Amounts receivable within one year | 40/41 | €0 | €171 | +€171 | |
| Other amounts receivable | 41 | €0 | €171 | +€171 | |
| Cash at bank and in hand | 54/58 | €80,394 | €75,896 | -€4,498 | -5.6% |
| Deferred charges and accrued income | 490/1 | - | €508 | +€508 | |
| Total equity and liabilities | 10/49 | €83,735 | €79,379 | -€4,356 | -5.2% |
| Equity | 10/15 | €6,205 | €3,096 | -€3,109 | -50.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €4,205 | €1,096 | -€3,109 | -73.9% |
| Distributable reserves | 133 | €4,205 | €1,096 | -€3,109 | -73.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €77,530 | €76,283 | -€1,247 | -1.6% |
| Amounts payable within one year | 42/48 | €77,530 | €76,283 | -€1,247 | -1.6% |
| Financial debts | 43 | €1,063 | €521 | -€542 | -51.0% |
| Credit institutions | 430/8 | €1,063 | €521 | -€542 | -51.0% |
| Trade debts | 44 | €1,490 | €5,354 | +€3,864 | +259% |
| Suppliers | 440/4 | €1,490 | €5,354 | +€3,864 | +259% |
| Taxes, remuneration and social security | 45 | €9,983 | €6,349 | -€3,634 | -36.4% |
| Taxes | 450/3 | €9,983 | €6,349 | -€3,634 | -36.4% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €64,995 | €64,060 | -€935 | -1.4% |
| Non-recurring operating income | 76A | €6,748 | €0 | -€6,748 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €364 | €537 | +€173 | +47.6% |
| Other operating charges | 640/8 | €505 | €520 | +€14 | +2.8% |
| Gross operating margin | 9900 | €87,519 | €88,869 | +€1,350 | +1.5% |
| Operating profit (loss) | 9901 | €86,650 | €87,813 | +€1,163 | +1.3% |
| Financial charges | 65/66B | €189 | €150 | -€39 | -20.7% |
| Recurring financial charges | 65 | €189 | €150 | -€39 | -20.7% |
| Profit (loss) for the period before taxes | 9903 | €86,461 | €87,663 | +€1,202 | +1.4% |
| Income taxes | 67/77 | €17,864 | €17,972 | +€108 | +0.6% |
| Profit (loss) for the period | 9904 | €68,597 | €69,691 | +€1,093 | +1.6% |
| Profit (loss) for the period to be appropriated | 9905 | €68,597 | €69,691 | +€1,093 | +1.6% |
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 13 October 2026 via checked.be.