Jordi Grootjans: 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.
Jordi Grootjans
Largest movements
- Receivables within one year +€30,368
up €30,368 (+137%), from €22,172 to €52,540
- Deferred charges and accrued income +€6,807
up €6,807 (+843%), from €807 to €7,614
- Tangible fixed assets +€3,337
new in 2025: €3,337
- Reserves +€30,393
up €30,393 (+217%), from €13,978 to €44,371
- Tax, wage and social debts +€9,867
up €9,867 (+205%), from €4,817 to €14,684
- Gross operating margin +€19,491
up €19,491 (+97.0%), from €20,101 to €39,591
- Taxes +€4,451
up €4,451 (+106%), from €4,217 to €8,667
- Financial income +€1,588
up €1,588 (+197%), from €807 to €2,396
- Other operating charges +€521
up €521 (+32.3%), from €1,611 to €2,132
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 | €25,027 | €65,135 | +€40,108 | +160% |
| Formation expenses | 20 | €26 | €0 | -€26 | -100% |
| Fixed assets | 21/28 | - | €3,337 | +€3,337 | |
| Tangible fixed assets | 22/27 | - | €3,337 | +€3,337 | |
| Furniture and vehicles | 24 | - | €3,337 | +€3,337 | |
| Current assets | 29/58 | €25,001 | €61,798 | +€36,797 | +147% |
| Amounts receivable within one year | 40/41 | €22,172 | €52,540 | +€30,368 | +137% |
| Other amounts receivable | 41 | €22,172 | €52,540 | +€30,368 | +137% |
| Cash at bank and in hand | 54/58 | €2,022 | €1,643 | -€379 | -18.7% |
| Deferred charges and accrued income | 490/1 | €807 | €7,614 | +€6,807 | +843% |
| Total equity and liabilities | 10/49 | €25,027 | €65,135 | +€40,108 | +160% |
| Equity | 10/15 | €14,078 | €44,471 | +€30,393 | +216% |
| Contributions | 10/11 | €100 | €100 | = | 0.0% |
| Reserves | 13 | €13,978 | €44,371 | +€30,393 | +217% |
| Distributable reserves | 133 | €13,978 | €44,371 | +€30,393 | +217% |
| Amounts payable | 17/49 | €10,949 | €20,664 | +€9,715 | +88.7% |
| Amounts payable within one year | 42/48 | €8,244 | €18,198 | +€9,954 | +121% |
| Trade debts | 44 | €3,428 | €3,514 | +€86 | +2.5% |
| Suppliers | 440/4 | €3,428 | €3,514 | +€86 | +2.5% |
| Taxes, remuneration and social security | 45 | €4,817 | €14,684 | +€9,867 | +205% |
| Taxes | 450/3 | €4,817 | €14,684 | +€9,867 | +205% |
| Accrued charges and deferred income | 492/3 | €2,705 | €2,466 | -€239 | -8.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,012 | €689 | -€323 | -31.9% |
| Other operating charges | 640/8 | €1,611 | €2,132 | +€521 | +32.3% |
| Gross operating margin | 9900 | €20,101 | €39,591 | +€19,491 | +97.0% |
| Operating profit (loss) | 9901 | €17,477 | €36,771 | +€19,293 | +110% |
| Financial income | 75/76B | €807 | €2,396 | +€1,588 | +197% |
| Recurring financial income | 75 | €807 | €2,396 | +€1,588 | +197% |
| Financial charges | 65/66B | €90 | €105 | +€15 | +16.9% |
| Recurring financial charges | 65 | €90 | €105 | +€15 | +16.9% |
| Profit (loss) for the period before taxes | 9903 | €18,194 | €39,061 | +€20,866 | +115% |
| Income taxes | 67/77 | €4,217 | €8,667 | +€4,451 | +106% |
| Profit (loss) for the period | 9904 | €13,978 | €30,393 | +€16,416 | +117% |
| Profit (loss) for the period to be appropriated | 9905 | €13,978 | €30,393 | +€16,416 | +117% |
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 29 October 2026 via checked.be.