JORIS VERPAELE: 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 VERPAELE
Largest movements
- Receivables within one year +€4,578
up €4,578 (+115%), from €3,997 to €8,575
of which Other amounts receivable: +€2,414
- Tangible fixed assets +€491
up €491 (+4.0%), from €12,344 to €12,835
of which Plant, machinery and equipment: +€1,991
- Debts after one year -€18,926
down €18,926 (-30.9%), from €61,339 to €42,412
- Profit (loss) carried forward +€18,458
up €18,458 (+26.3%), from -€70,311 to -€51,854
- Other debts +€4,645
new in 2025: €4,645
- Trade debts +€2,898
up €2,898 (+163%), from €1,780 to €4,677
- Short-term financial debts -€2,005
down €2,005 (-11.6%), from €17,333 to €15,328
- Gross operating margin -€2,692
down €2,692 (-9.7%), from €27,685 to €24,993
- Depreciation +€1,081
up €1,081 (+40.7%), from €2,656 to €3,737
- Financial charges +€407
up €407 (+27.4%), from €1,487 to €1,895
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,341 | €21,409 | +€5,069 | +31.0% |
| Fixed assets | 21/28 | €12,344 | €12,835 | +€491 | +4.0% |
| Tangible fixed assets | 22/27 | €12,344 | €12,835 | +€491 | +4.0% |
| Plant, machinery and equipment | 23 | - | €1,991 | +€1,991 | |
| Furniture and vehicles | 24 | €12,344 | €10,844 | -€1,500 | -12.2% |
| Current assets | 29/58 | €3,997 | €8,575 | +€4,578 | +115% |
| Amounts receivable within one year | 40/41 | €3,997 | €8,575 | +€4,578 | +115% |
| Trade receivables | 40 | €3,000 | €5,164 | +€2,164 | +72.1% |
| Other amounts receivable | 41 | €997 | €3,411 | +€2,414 | +242% |
| Total equity and liabilities | 10/49 | €16,341 | €21,409 | +€5,069 | +31.0% |
| Equity | 10/15 | -€64,111 | -€45,654 | +€18,458 | +28.8% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€70,311 | -€51,854 | +€18,458 | +26.3% |
| Amounts payable | 17/49 | €80,452 | €67,063 | -€13,389 | -16.6% |
| Amounts payable after more than one year | 17 | €61,339 | €42,412 | -€18,926 | -30.9% |
| Financial debts | 170/4 | €61,339 | €42,412 | -€18,926 | -30.9% |
| Amounts payable within one year | 42/48 | €19,113 | €24,651 | +€5,537 | +29.0% |
| Financial debts | 43 | €17,333 | €15,328 | -€2,005 | -11.6% |
| Credit institutions | 430/8 | €17,333 | €15,328 | -€2,005 | -11.6% |
| Trade debts | 44 | €1,780 | €4,677 | +€2,898 | +163% |
| Suppliers | 440/4 | €1,780 | €4,677 | +€2,898 | +163% |
| Other amounts payable | 47/48 | - | €4,645 | +€4,645 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,656 | €3,737 | +€1,081 | +40.7% |
| Other operating charges | 640/8 | €1,067 | €928 | -€140 | -13.1% |
| Gross operating margin | 9900 | €27,685 | €24,993 | -€2,692 | -9.7% |
| Operating profit (loss) | 9901 | €23,962 | €20,328 | -€3,633 | -15.2% |
| Financial income | 75/76B | €0 | €24 | +€24 | +79,667% |
| Recurring financial income | 75 | €0 | €24 | +€24 | +79,667% |
| Financial charges | 65/66B | €1,487 | €1,895 | +€407 | +27.4% |
| Recurring financial charges | 65 | €1,487 | €1,895 | +€407 | +27.4% |
| Profit (loss) for the period before taxes | 9903 | €22,474 | €18,458 | -€4,017 | -17.9% |
| Profit (loss) for the period | 9904 | €22,474 | €18,458 | -€4,017 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €22,474 | €18,458 | -€4,017 | -17.9% |
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 30 October 2026 via checked.be.