Joris Persoons: 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.
Joris Persoons
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€25,549
down €25,549 (-47.7%), from €53,521 to €27,972
of which Other amounts receivable: -€22,853
- Cash -€18,305
down €18,305 (-20.1%), from €90,999 to €72,693
mainly Current investments (-€50,000) and Other debts (-€28,050)
- Tangible fixed assets -€17,792
down €17,792 (-28.5%), from €62,529 to €44,737
of which Furniture and vehicles: -€14,684
- Deferred charges and accrued income -€8,992
down €8,992 (-82.6%), from €10,880 to €1,888
- Other debts -€28,050
no longer reported in 2025 (was €28,050)
- Reserves +€27,855
up €27,855 (+24.0%), from €116,299 to €144,155
- Debts after one year -€8,874
down €8,874 (-28.7%), from €30,934 to €22,059
- Tax, wage and social debts -€7,192
no longer reported in 2025 (was €7,192)
- Trade debts -€4,706
down €4,706 (-21.5%), from €21,908 to €17,202
- Gross operating margin +€3,290
up €3,290 (+5.6%), from €58,596 to €61,886
- Depreciation +€2,852
up €2,852 (+14.3%), from €20,005 to €22,857
- Financial income -€934
down €934 (-50.3%), from €1,857 to €923
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 | €217,929 | €197,290 | -€20,639 | -9.5% |
| Fixed assets | 21/28 | €62,529 | €44,737 | -€17,792 | -28.5% |
| Tangible fixed assets | 22/27 | €62,529 | €44,737 | -€17,792 | -28.5% |
| Plant, machinery and equipment | 23 | €3,138 | €238 | -€2,900 | -92.4% |
| Furniture and vehicles | 24 | €57,888 | €43,204 | -€14,684 | -25.4% |
| Other tangible fixed assets | 26 | €1,503 | €1,295 | -€208 | -13.9% |
| Current assets | 29/58 | €155,400 | €152,554 | -€2,846 | -1.8% |
| Amounts receivable within one year | 40/41 | €53,521 | €27,972 | -€25,549 | -47.7% |
| Trade receivables | 40 | €14,249 | €11,553 | -€2,696 | -18.9% |
| Other amounts receivable | 41 | €39,272 | €16,419 | -€22,853 | -58.2% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €90,999 | €72,693 | -€18,305 | -20.1% |
| Deferred charges and accrued income | 490/1 | €10,880 | €1,888 | -€8,992 | -82.6% |
| Total equity and liabilities | 10/49 | €217,929 | €197,290 | -€20,639 | -9.5% |
| Equity | 10/15 | €121,299 | €149,155 | +€27,855 | +23.0% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €116,299 | €144,155 | +€27,855 | +24.0% |
| Distributable reserves | 133 | €116,299 | €144,155 | +€27,855 | +24.0% |
| Amounts payable | 17/49 | €96,630 | €48,136 | -€48,494 | -50.2% |
| Amounts payable after more than one year | 17 | €30,934 | €22,059 | -€8,874 | -28.7% |
| Financial debts | 170/4 | €30,934 | €22,059 | -€8,874 | -28.7% |
| Amounts payable within one year | 42/48 | €65,696 | €26,076 | -€39,619 | -60.3% |
| Current portion of amounts payable after more than one year | 42 | €8,546 | €8,874 | +€329 | +3.8% |
| Trade debts | 44 | €21,908 | €17,202 | -€4,706 | -21.5% |
| Suppliers | 440/4 | €21,908 | €17,202 | -€4,706 | -21.5% |
| Taxes, remuneration and social security | 45 | €7,192 | - | -€7,192 | |
| Taxes | 450/3 | €7,192 | - | -€7,192 | |
| Other amounts payable | 47/48 | €28,050 | - | -€28,050 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,005 | €22,857 | +€2,852 | +14.3% |
| Other operating charges | 640/8 | €2,151 | €1,973 | -€178 | -8.3% |
| Non-recurring operating charges | 66A | €460 | - | -€460 | |
| Gross operating margin | 9900 | €58,596 | €61,886 | +€3,290 | +5.6% |
| Operating profit (loss) | 9901 | €35,980 | €37,057 | +€1,076 | +3.0% |
| Financial income | 75/76B | €1,857 | €923 | -€934 | -50.3% |
| Recurring financial income | 75 | €1,857 | €923 | -€934 | -50.3% |
| Financial charges | 65/66B | €1,296 | €1,496 | +€201 | +15.5% |
| Recurring financial charges | 65 | €1,296 | €1,496 | +€201 | +15.5% |
| Profit (loss) for the period before taxes | 9903 | €36,542 | €36,484 | -€58 | -0.2% |
| Income taxes | 67/77 | €8,296 | €8,628 | +€333 | +4.0% |
| Profit (loss) for the period | 9904 | €28,246 | €27,855 | -€391 | -1.4% |
| Profit (loss) for the period to be appropriated | 9905 | €28,246 | €27,855 | -€391 | -1.4% |
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.