Jorge Eeman: what changed
Two fiscal 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.
Jorge Eeman
Largest movements
- Cash -€38,610
down €38,610 (-35.6%), from €108,360 to €69,749
mainly Contributions, distributions and other (-€63,000) and Other debts (-€37,271)
- Tangible fixed assets -€18,342
down €18,342 (-50.5%), from €36,301 to €17,959
of which Furniture and vehicles: -€17,194
- Receivables within one year +€3,167
up €3,167 (+17.8%), from €17,827 to €20,993
- Other debts -€37,271
down €37,271 (-37.2%), from €100,271 to €63,000
- Reserves -€24,229
down €24,229 (-59.9%), from €40,456 to €16,227
- Tax, wage and social debts +€8,368
up €8,368 (+62.8%), from €13,321 to €21,690
of which Taxes: +€8,368
- Gross operating margin +€13,474
up €13,474 (+24.4%), from €55,253 to €68,727
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.
Cash bridge derived
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 | €162,581 | €108,801 | -€53,781 | -33.1% |
| Fixed assets | 21/28 | €36,301 | €17,959 | -€18,342 | -50.5% |
| Tangible fixed assets | 22/27 | €36,301 | €17,959 | -€18,342 | -50.5% |
| Furniture and vehicles | 24 | €33,566 | €16,371 | -€17,194 | -51.2% |
| Other tangible fixed assets | 26 | €2,735 | €1,588 | -€1,148 | -42.0% |
| Current assets | 29/58 | €126,280 | €90,842 | -€35,439 | -28.1% |
| Amounts receivable within one year | 40/41 | €17,827 | €20,993 | +€3,167 | +17.8% |
| Trade receivables | 40 | €17,827 | €20,993 | +€3,167 | +17.8% |
| Cash at bank and in hand | 54/58 | €108,360 | €69,749 | -€38,610 | -35.6% |
| Deferred charges and accrued income | 490/1 | €94 | €99 | +€5 | +5.4% |
| Total equity and liabilities | 10/49 | €162,581 | €108,801 | -€53,781 | -33.1% |
| Equity | 10/15 | €42,206 | €17,977 | -€24,229 | -57.4% |
| Contributions | 10/11 | €1,750 | €1,750 | = | 0.0% |
| Reserves | 13 | €40,456 | €16,227 | -€24,229 | -59.9% |
| Distributable reserves | 133 | €40,456 | €16,227 | -€24,229 | -59.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €120,375 | €90,824 | -€29,552 | -24.5% |
| Amounts payable within one year | 42/48 | €120,043 | €90,443 | -€29,600 | -24.7% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €6,450 | €5,753 | -€697 | -10.8% |
| Suppliers | 440/4 | €6,450 | €5,753 | -€697 | -10.8% |
| Taxes, remuneration and social security | 45 | €13,321 | €21,690 | +€8,368 | +62.8% |
| Taxes | 450/3 | €13,321 | €21,690 | +€8,368 | +62.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €100,271 | €63,000 | -€37,271 | -37.2% |
| Accrued charges and deferred income | 492/3 | €333 | €381 | +€48 | +14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,174 | €18,342 | +€168 | +0.9% |
| Other operating charges | 640/8 | €732 | €733 | +€2 | +0.2% |
| Gross operating margin | 9900 | €55,253 | €68,727 | +€13,474 | +24.4% |
| Operating profit (loss) | 9901 | €36,348 | €49,652 | +€13,304 | +36.6% |
| Financial income | 75/76B | €406 | €403 | -€3 | -0.8% |
| Recurring financial income | 75 | €406 | €403 | -€3 | -0.8% |
| Financial charges | 65/66B | €217 | €59 | -€158 | -73.0% |
| Recurring financial charges | 65 | €217 | €59 | -€158 | -73.0% |
| Profit (loss) for the period before taxes | 9903 | €36,538 | €49,996 | +€13,459 | +36.8% |
| Income taxes | 67/77 | €10,808 | €11,226 | +€418 | +3.9% |
| Profit (loss) for the period | 9904 | €25,730 | €38,771 | +€13,041 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,730 | €38,771 | +€13,041 | +50.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.