Jos Claesen: 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.
Jos Claesen
Largest movements
- Tangible fixed assets -€17,876
down €17,876 (-16.9%), from €106,072 to €88,195
of which Land and buildings: -€17,587
- Receivables within one year +€12,943
up €12,943 (+21.2%), from €61,165 to €74,108
of which Trade receivables: +€10,024
- Deferred charges and accrued income -€2,277
down €2,277 (-70.8%), from €3,215 to €938
- Other debts +€6,516
up €6,516 (+102%), from €6,417 to €12,933
- Current portion of long-term debt -€5,330
down €5,330 (-57.8%), from €9,221 to €3,891
- Debts after one year -€3,891
down €3,891 (-100%), from €3,891 to €0
- Reserves +€3,254
up €3,254 (+2.2%), from €149,064 to €152,318
of which Distributable reserves: +€3,254
- Tax, wage and social debts -€3,017
down €3,017 (-39.0%), from €7,734 to €4,717
of which Taxes: -€3,017
- Gross operating margin -€28,208
down €28,208 (-57.9%), from €48,734 to €20,526
- Taxes -€14,634
down €14,634, from €10,215 to -€4,419
- Other operating charges -€10,640
down €10,640 (-79.2%), from €13,434 to €2,794
- Financial charges -€2,335
down €2,335 (-67.2%), from €3,477 to €1,142
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 | €214,163 | €210,177 | -€3,986 | -1.9% |
| Fixed assets | 21/28 | €116,411 | €99,785 | -€16,626 | -14.3% |
| Tangible fixed assets | 22/27 | €106,072 | €88,195 | -€17,876 | -16.9% |
| Land and buildings | 22 | €103,183 | €85,596 | -€17,587 | -17.0% |
| Plant, machinery and equipment | 23 | €754 | €503 | -€251 | -33.3% |
| Furniture and vehicles | 24 | €224 | €187 | -€37 | -16.7% |
| Other tangible fixed assets | 26 | €1,910 | €1,910 | = | 0.0% |
| Financial fixed assets | 28 | €10,340 | €11,590 | +€1,250 | +12.1% |
| Current assets | 29/58 | €97,752 | €110,392 | +€12,640 | +12.9% |
| Amounts receivable within one year | 40/41 | €61,165 | €74,108 | +€12,943 | +21.2% |
| Trade receivables | 40 | €57,163 | €67,187 | +€10,024 | +17.5% |
| Other amounts receivable | 41 | €4,001 | €6,921 | +€2,919 | +73.0% |
| Cash at bank and in hand | 54/58 | €33,372 | €35,346 | +€1,974 | +5.9% |
| Deferred charges and accrued income | 490/1 | €3,215 | €938 | -€2,277 | -70.8% |
| Total equity and liabilities | 10/49 | €214,163 | €210,177 | -€3,986 | -1.9% |
| Equity | 10/15 | €179,064 | €182,318 | +€3,254 | +1.8% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €149,064 | €152,318 | +€3,254 | +2.2% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €149,064 | €152,318 | +€3,254 | +2.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €35,099 | €27,859 | -€7,240 | -20.6% |
| Amounts payable after more than one year | 17 | €3,891 | €0 | -€3,891 | -100% |
| Financial debts | 170/4 | €3,891 | €0 | -€3,891 | -100% |
| Amounts payable within one year | 42/48 | €30,547 | €27,198 | -€3,350 | -11.0% |
| Current portion of amounts payable after more than one year | 42 | €9,221 | €3,891 | -€5,330 | -57.8% |
| Financial debts | 43 | €1,590 | €0 | -€1,590 | -100% |
| Credit institutions | 430/8 | €1,590 | €0 | -€1,590 | -100% |
| Trade debts | 44 | €5,586 | €5,658 | +€71 | +1.3% |
| Suppliers | 440/4 | €5,586 | €5,658 | +€71 | +1.3% |
| Taxes, remuneration and social security | 45 | €7,734 | €4,717 | -€3,017 | -39.0% |
| Taxes | 450/3 | €7,734 | €4,717 | -€3,017 | -39.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €6,417 | €12,933 | +€6,516 | +102% |
| Accrued charges and deferred income | 492/3 | €661 | €661 | = | 0.0% |
| Non-recurring operating income | 76A | €12,663 | €0 | -€12,663 | -100% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,876 | €17,876 | -€0 | 0.0% |
| Other operating charges | 640/8 | €13,434 | €2,794 | -€10,640 | -79.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €48,734 | €20,526 | -€28,208 | -57.9% |
| Operating profit (loss) | 9901 | €17,424 | -€144 | -€17,568 | |
| Financial income | 75/76B | €0 | €120 | +€120 | +54,586% |
| Recurring financial income | 75 | €0 | €120 | +€120 | +54,586% |
| Financial charges | 65/66B | €3,477 | €1,142 | -€2,335 | -67.2% |
| Recurring financial charges | 65 | €3,477 | €1,142 | -€2,335 | -67.2% |
| Profit (loss) for the period before taxes | 9903 | €13,948 | -€1,165 | -€15,113 | |
| Income taxes | 67/77 | €10,215 | -€4,419 | -€14,634 | |
| Profit (loss) for the period | 9904 | €3,733 | €3,254 | -€479 | -12.8% |
| Transfer from tax-exempt reserves | 789 | €8,338 | €0 | -€8,338 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €12,072 | €3,254 | -€8,817 | -73.0% |
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.