Joris Vanvolsem: 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 Vanvolsem
Largest movements
- Cash +€12,119
up €12,119 (+17.5%), from €69,139 to €81,258
mainly Net result for the year (+€34,365) and Other debts (+€10,000)
- Tangible fixed assets +€10,624
up €10,624 (+85.9%), from €12,367 to €22,991
of which Furniture and vehicles: +€10,858
- Other debts +€10,000
up €10,000 (+40.0%), from €25,000 to €35,000
- Current portion of long-term debt +€9,638
up €9,638 (+1,556%), from €619 to €10,258
- Trade debts +€2,800
up €2,800 (+452%), from €620 to €3,420
- Debts after one year +€1,742
new in 2025: €1,742
- Tax, wage and social debts -€1,312
down €1,312 (-24.5%), from €5,348 to €4,036
- Gross operating margin +€15,225
up €15,225 (+40.9%), from €37,193 to €52,418
- Depreciation +€2,871
up €2,871 (+82.9%), from €3,463 to €6,334
- Taxes +€2,301
up €2,301 (+27.4%), from €8,399 to €10,700
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 | €99,630 | €121,863 | +€22,232 | +22.3% |
| Fixed assets | 21/28 | €12,367 | €22,991 | +€10,624 | +85.9% |
| Tangible fixed assets | 22/27 | €12,367 | €22,991 | +€10,624 | +85.9% |
| Plant, machinery and equipment | 23 | €690 | €456 | -€234 | -33.9% |
| Furniture and vehicles | 24 | €11,677 | €22,535 | +€10,858 | +93.0% |
| Current assets | 29/58 | €87,263 | €98,871 | +€11,608 | +13.3% |
| Amounts receivable within one year | 40/41 | €17,733 | €16,748 | -€985 | -5.6% |
| Trade receivables | 40 | €17,672 | €15,246 | -€2,426 | -13.7% |
| Other amounts receivable | 41 | €61 | €1,502 | +€1,441 | +2,356% |
| Cash at bank and in hand | 54/58 | €69,139 | €81,258 | +€12,119 | +17.5% |
| Deferred charges and accrued income | 490/1 | €391 | €865 | +€474 | +121% |
| Total equity and liabilities | 10/49 | €99,630 | €121,863 | +€22,232 | +22.3% |
| Equity | 10/15 | €68,043 | €67,408 | -€635 | -0.9% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €64,043 | €63,408 | -€635 | -1.0% |
| Distributable reserves | 133 | €64,043 | €63,408 | -€635 | -1.0% |
| Amounts payable | 17/49 | €31,587 | €54,455 | +€22,868 | +72.4% |
| Amounts payable after more than one year | 17 | - | €1,742 | +€1,742 | |
| Financial debts | 170/4 | - | €1,742 | +€1,742 | |
| Amounts payable within one year | 42/48 | €31,587 | €52,713 | +€21,126 | +66.9% |
| Current portion of amounts payable after more than one year | 42 | €619 | €10,258 | +€9,638 | +1,556% |
| Trade debts | 44 | €620 | €3,420 | +€2,800 | +452% |
| Suppliers | 440/4 | €620 | €3,420 | +€2,800 | +452% |
| Taxes, remuneration and social security | 45 | €5,348 | €4,036 | -€1,312 | -24.5% |
| Taxes | 450/3 | €5,348 | €4,036 | -€1,312 | -24.5% |
| Other amounts payable | 47/48 | €25,000 | €35,000 | +€10,000 | +40.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,463 | €6,334 | +€2,871 | +82.9% |
| Other operating charges | 640/8 | €786 | €807 | +€21 | +2.6% |
| Gross operating margin | 9900 | €37,193 | €52,418 | +€15,225 | +40.9% |
| Operating profit (loss) | 9901 | €32,944 | €45,278 | +€12,334 | +37.4% |
| Financial income | 75/76B | €11 | €469 | +€458 | +4,154% |
| Recurring financial income | 75 | €11 | €469 | +€458 | +4,154% |
| Financial charges | 65/66B | €769 | €682 | -€87 | -11.3% |
| Recurring financial charges | 65 | €769 | €682 | -€87 | -11.3% |
| Profit (loss) for the period before taxes | 9903 | €32,186 | €45,064 | +€12,879 | +40.0% |
| Income taxes | 67/77 | €8,399 | €10,700 | +€2,301 | +27.4% |
| Profit (loss) for the period | 9904 | €23,786 | €34,365 | +€10,578 | +44.5% |
| Profit (loss) for the period to be appropriated | 9905 | €23,786 | €34,365 | +€10,578 | +44.5% |
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 23 October 2026 via checked.be.