JORDAN GOBIN: 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.
JORDAN GOBIN
Largest movements
- Stocks and contracts +€370,445
up €370,445 (+1,852%), from €20,000 to €390,445
- Receivables within one year +€206,902
up €206,902 (+468%), from €44,185 to €251,087
of which Trade receivables: +€206,865
- Tangible fixed assets +€139,604
new in 2025: €139,604
of which Furniture and vehicles: +€71,280
- Other debts +€282,190
up €282,190 (+6,728%), from €4,194 to €286,384
- Trade debts +€224,692
up €224,692 (+14,734%), from €1,525 to €226,217
- Debts after one year +€185,000
new in 2025: €185,000
- Reserves +€20,000
up €20,000 (+36.4%), from €55,000 to €75,000
- Tax, wage and social debts +€13,399
up €13,399 (+90.3%), from €14,840 to €28,239
of which Taxes: +€13,012
- Depreciation +€35,310
up €35,310 (+1,385%), from €2,549 to €37,859
- Taxes -€9,165
down €9,165 (-65.5%), from €14,000 to €4,835
- Gross operating margin -€6,688
down €6,688 (-9.0%), from €74,627 to €67,939
- Financial charges +€5,001
up €5,001 (+15,629%), from €32 to €5,033
- Staff costs +€1,876
new in 2025: €1,876
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 | €80,232 | €803,396 | +€723,164 | +901% |
| Fixed assets | 21/28 | - | €140,938 | +€140,938 | |
| Intangible fixed assets | 21 | - | €1,333 | +€1,333 | |
| Tangible fixed assets | 22/27 | - | €139,604 | +€139,604 | |
| Plant, machinery and equipment | 23 | - | €68,324 | +€68,324 | |
| Furniture and vehicles | 24 | - | €71,280 | +€71,280 | |
| Current assets | 29/58 | €80,232 | €662,458 | +€582,226 | +726% |
| Stocks and contracts in progress | 3 | €20,000 | €390,445 | +€370,445 | +1,852% |
| Stocks | 30/36 | €20,000 | €390,445 | +€370,445 | +1,852% |
| Amounts receivable within one year | 40/41 | €44,185 | €251,087 | +€206,902 | +468% |
| Trade receivables | 40 | €44,185 | €251,050 | +€206,865 | +468% |
| Other amounts receivable | 41 | - | €37 | +€37 | |
| Cash at bank and in hand | 54/58 | €16,047 | €18,791 | +€2,744 | +17.1% |
| Deferred charges and accrued income | 490/1 | - | €2,136 | +€2,136 | |
| Total equity and liabilities | 10/49 | €80,232 | €803,396 | +€723,164 | +901% |
| Equity | 10/15 | €59,673 | €77,556 | +€17,883 | +30.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €55,000 | €75,000 | +€20,000 | +36.4% |
| Distributable reserves | 133 | €55,000 | €75,000 | +€20,000 | +36.4% |
| Profit (loss) carried forward | 14 | €2,673 | €556 | -€2,117 | -79.2% |
| Amounts payable | 17/49 | €20,559 | €725,840 | +€705,281 | +3,431% |
| Amounts payable after more than one year | 17 | - | €185,000 | +€185,000 | |
| Financial debts | 170/4 | - | €185,000 | +€185,000 | |
| Amounts payable within one year | 42/48 | €20,559 | €540,840 | +€520,281 | +2,531% |
| Trade debts | 44 | €1,525 | €226,217 | +€224,692 | +14,734% |
| Suppliers | 440/4 | €1,525 | €226,217 | +€224,692 | +14,734% |
| Taxes, remuneration and social security | 45 | €14,840 | €28,239 | +€13,399 | +90.3% |
| Taxes | 450/3 | €14,840 | €27,852 | +€13,012 | +87.7% |
| Remuneration and social security | 454/9 | - | €387 | +€387 | |
| Other amounts payable | 47/48 | €4,194 | €286,384 | +€282,190 | +6,728% |
| Non-recurring operating income | 76A | - | €1,694 | +€1,694 | |
| Remuneration, social security and pensions | 62 | - | €1,876 | +€1,876 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,549 | €37,859 | +€35,310 | +1,385% |
| Other operating charges | 640/8 | €387 | €568 | +€181 | +46.8% |
| Gross operating margin | 9900 | €74,627 | €67,939 | -€6,688 | -9.0% |
| Operating profit (loss) | 9901 | €71,691 | €27,636 | -€44,055 | -61.5% |
| Financial income | 75/76B | €14 | €114 | +€100 | +715% |
| Recurring financial income | 75 | €14 | €114 | +€100 | +715% |
| Financial charges | 65/66B | €32 | €5,033 | +€5,001 | +15,629% |
| Recurring financial charges | 65 | €32 | €5,033 | +€5,001 | +15,629% |
| Profit (loss) for the period before taxes | 9903 | €71,673 | €22,717 | -€48,956 | -68.3% |
| Income taxes | 67/77 | €14,000 | €4,835 | -€9,165 | -65.5% |
| Profit (loss) for the period | 9904 | €57,673 | €17,882 | -€39,791 | -69.0% |
| Profit (loss) for the period to be appropriated | 9905 | €57,673 | €17,882 | -€39,791 | -69.0% |
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 22 October 2026 via checked.be.