Joris Van den Broeck: 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 Van den Broeck
Largest movements
- Cash +€369,952
up €369,952 (+214%), from €173,238 to €543,190
mainly Net result for the year (+€297,613) and Tax, wage and social debts (+€78,534)
- Reserves +€297,613
up €297,613 (+260%), from €114,249 to €411,863
- Tax, wage and social debts +€78,534
up €78,534 (+155%), from €50,543 to €129,077
- Gross operating margin +€248,178
up €248,178 (+170%), from €146,371 to €394,548
- Taxes +€61,892
up €61,892 (+196%), from €31,631 to €93,523
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 | €185,672 | €559,282 | +€373,610 | +201% |
| Fixed assets | 21/28 | €12,435 | €15,609 | +€3,174 | +25.5% |
| Tangible fixed assets | 22/27 | €12,435 | €15,609 | +€3,174 | +25.5% |
| Furniture and vehicles | 24 | €2,402 | €2,869 | +€466 | +19.4% |
| Other tangible fixed assets | 26 | €10,033 | €12,740 | +€2,708 | +27.0% |
| Current assets | 29/58 | €173,238 | €543,674 | +€370,436 | +214% |
| Stocks and contracts in progress | 3 | - | €484 | +€484 | |
| Stocks | 30/36 | - | €484 | +€484 | |
| Cash at bank and in hand | 54/58 | €173,238 | €543,190 | +€369,952 | +214% |
| Total equity and liabilities | 10/49 | €185,672 | €559,282 | +€373,610 | +201% |
| Equity | 10/15 | €129,249 | €426,863 | +€297,613 | +230% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €114,249 | €411,863 | +€297,613 | +260% |
| Distributable reserves | 133 | €114,249 | €411,863 | +€297,613 | +260% |
| Amounts payable | 17/49 | €56,423 | €132,420 | +€75,997 | +135% |
| Amounts payable within one year | 42/48 | €55,066 | €132,420 | +€77,353 | +140% |
| Trade debts | 44 | €2,995 | €1,060 | -€1,935 | -64.6% |
| Suppliers | 440/4 | €2,995 | €1,060 | -€1,935 | -64.6% |
| Taxes, remuneration and social security | 45 | €50,543 | €129,077 | +€78,534 | +155% |
| Taxes | 450/3 | €50,543 | €129,077 | +€78,534 | +155% |
| Other amounts payable | 47/48 | €1,528 | €2,282 | +€754 | +49.3% |
| Accrued charges and deferred income | 492/3 | €1,357 | €0 | -€1,357 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €448 | €1,559 | +€1,110 | +248% |
| Other operating charges | 640/8 | - | €173 | +€173 | |
| Gross operating margin | 9900 | €146,371 | €394,548 | +€248,178 | +170% |
| Operating profit (loss) | 9901 | €145,922 | €392,817 | +€246,894 | +169% |
| Financial income | 75/76B | €0 | €0 | -€0 | -100% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -100% |
| Financial charges | 65/66B | €43 | €1,680 | +€1,638 | +3,848% |
| Recurring financial charges | 65 | €43 | €1,680 | +€1,638 | +3,848% |
| Profit (loss) for the period before taxes | 9903 | €145,880 | €391,137 | +€245,257 | +168% |
| Income taxes | 67/77 | €31,631 | €93,523 | +€61,892 | +196% |
| Profit (loss) for the period | 9904 | €114,249 | €297,613 | +€183,364 | +160% |
| Profit (loss) for the period to be appropriated | 9905 | €114,249 | €297,613 | +€183,364 | +160% |
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 28 October 2026 via checked.be.