Joris Rasschaert: 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 Rasschaert
Largest movements
- Current investments -€250,000
down €250,000 (-100%), from €250,000 to €0
- Cash +€192,273
up €192,273 (+113%), from €169,558 to €361,831
mainly Current investments (+€250,000) and Net result for the year (+€107,489)
- Receivables within one year +€11,446
up €11,446 (+1,245%), from €919 to €12,365
of which Other amounts receivable: +€11,765
- Tax, wage and social debts -€51,121
down €51,121 (-65.7%), from €77,859 to €26,738
- Reserves +€10,893
up €10,893 (+3.5%), from €310,965 to €321,858
No income-statement line moved by more than 1% of the activity.
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 | €420,478 | €375,497 | -€44,980 | -10.7% |
| Fixed assets | 21/28 | - | €1,301 | +€1,301 | |
| Tangible fixed assets | 22/27 | - | €1,301 | +€1,301 | |
| Plant, machinery and equipment | 23 | - | €1,301 | +€1,301 | |
| Current assets | 29/58 | €420,478 | €374,196 | -€46,282 | -11.0% |
| Amounts receivable within one year | 40/41 | €919 | €12,365 | +€11,446 | +1,245% |
| Trade receivables | 40 | €919 | €600 | -€319 | -34.7% |
| Other amounts receivable | 41 | - | €11,765 | +€11,765 | |
| Current investments | 50/53 | €250,000 | €0 | -€250,000 | -100% |
| Cash at bank and in hand | 54/58 | €169,558 | €361,831 | +€192,273 | +113% |
| Total equity and liabilities | 10/49 | €420,478 | €375,497 | -€44,980 | -10.7% |
| Equity | 10/15 | €325,965 | €336,858 | +€10,893 | +3.3% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €310,965 | €321,858 | +€10,893 | +3.5% |
| Distributable reserves | 133 | €310,965 | €321,858 | +€10,893 | +3.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €94,512 | €38,639 | -€55,873 | -59.1% |
| Amounts payable within one year | 42/48 | €94,512 | €38,639 | -€55,873 | -59.1% |
| Trade debts | 44 | €3,015 | €18 | -€2,997 | -99.4% |
| Suppliers | 440/4 | €3,015 | €18 | -€2,997 | -99.4% |
| Taxes, remuneration and social security | 45 | €77,859 | €26,738 | -€51,121 | -65.7% |
| Taxes | 450/3 | €77,859 | €26,738 | -€51,121 | -65.7% |
| Other amounts payable | 47/48 | €13,638 | €11,883 | -€1,754 | -12.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €584 | +€584 | |
| Other operating charges | 640/8 | €904 | €801 | -€103 | -11.4% |
| Gross operating margin | 9900 | €154,044 | €154,433 | +€389 | +0.3% |
| Operating profit (loss) | 9901 | €153,139 | €153,048 | -€91 | -0.1% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €211 | €1,576 | +€1,364 | +645% |
| Recurring financial charges | 65 | €211 | €1,576 | +€1,364 | +645% |
| Profit (loss) for the period before taxes | 9903 | €152,928 | €151,473 | -€1,455 | -1.0% |
| Income taxes | 67/77 | €44,237 | €43,984 | -€253 | -0.6% |
| Profit (loss) for the period | 9904 | €108,691 | €107,489 | -€1,202 | -1.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,691 | €107,489 | -€1,202 | -1.1% |
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 26 October 2026 via checked.be.