JORIS SEGAERT: 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.
JORIS SEGAERT
Largest movements
- Receivables within one year +€6,384
up €6,384 (+44.5%), from €14,334 to €20,718
of which Trade receivables: +€5,190
- Cash -€2,240
down €2,240 (-64.8%), from €3,455 to €1,215
mainly Receivables within one year (-€6,384)
- Stocks and contracts -€899
down €899 (-24.3%), from €3,705 to €2,806
- Other debts +€1,720
new in 2025: €1,720
- Profit (loss) carried forward +€878
up €878 (+1567.9%), from €56 to €934
- Tax, wage and social debts +€356
up €356 (+88.8%), from €401 to €757
- Trade debts +€291
up €291 (+19.5%), from €1,494 to €1,785
- Turnover +€113,027
new in 2025: €113,027
- Purchases and services +€75,179
new in 2025: €75,179
- Gross operating margin +€1,451
up €1,451 (+343.0%), from €423 to €1,874
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 | €21,494 | €24,739 | +€3,245 | +15.1% |
| Fixed assets | 21/28 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €0 | €0 | = | |
| Furniture and vehicles | 24 | €0 | €0 | = | |
| Current assets | 29/58 | €21,494 | €24,739 | +€3,245 | +15.1% |
| Stocks and contracts in progress | 3 | €3,705 | €2,806 | -€899 | -24.3% |
| Stocks | 30/36 | €3,705 | €2,806 | -€899 | -24.3% |
| Amounts receivable within one year | 40/41 | €14,334 | €20,718 | +€6,384 | +44.5% |
| Trade receivables | 40 | €6,499 | €11,689 | +€5,190 | +79.9% |
| Other amounts receivable | 41 | €7,835 | €9,029 | +€1,194 | +15.2% |
| Cash at bank and in hand | 54/58 | €3,455 | €1,215 | -€2,240 | -64.8% |
| Total equity and liabilities | 10/49 | €21,494 | €24,739 | +€3,245 | +15.1% |
| Equity | 10/15 | €19,599 | €20,477 | +€878 | +4.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €951 | €951 | = | 0.0% |
| Non-distributable reserves | 130/1 | €951 | €951 | = | 0.0% |
| Reserves not available under the articles | 1311 | €951 | €951 | = | 0.0% |
| Profit (loss) carried forward | 14 | €56 | €934 | +€878 | +1567.9% |
| Amounts payable | 17/49 | €1,895 | €4,262 | +€2,367 | +124.9% |
| Amounts payable within one year | 42/48 | €1,895 | €4,262 | +€2,367 | +124.9% |
| Trade debts | 44 | €1,494 | €1,785 | +€291 | +19.5% |
| Suppliers | 440/4 | €1,494 | €1,785 | +€291 | +19.5% |
| Taxes, remuneration and social security | 45 | €401 | €757 | +€356 | +88.8% |
| Taxes | 450/3 | €401 | €757 | +€356 | +88.8% |
| Other amounts payable | 47/48 | - | €1,720 | +€1,720 | |
| Turnover | 70 | - | €113,027 | +€113,027 | |
| Non-recurring operating income | 76A | - | €2,000 | +€2,000 | |
| Goods, raw materials, services and sundry goods | 60/61 | - | €75,179 | +€75,179 | |
| Other operating charges | 640/8 | €490 | €463 | -€27 | -5.5% |
| Gross operating margin | 9900 | €423 | €1,874 | +€1,451 | +343.0% |
| Operating profit (loss) | 9901 | -€67 | €1,411 | +€1,478 | |
| Financial charges | 65/66B | €445 | €177 | -€268 | -60.2% |
| Recurring financial charges | 65 | €445 | €177 | -€268 | -60.2% |
| Profit (loss) for the period before taxes | 9903 | -€512 | €1,234 | +€1,746 | |
| Income taxes | 67/77 | €401 | €356 | -€45 | -11.2% |
| Profit (loss) for the period | 9904 | -€913 | €878 | +€1,791 | |
| Profit (loss) for the period to be appropriated | 9905 | -€913 | €878 | +€1,791 |
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 2 October 2026 via checked.be.