JURGEN DE VREESE: 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.
JURGEN DE VREESE
Largest movements
- Current investments +€162,824
up €162,824 (+88.0%), from €185,035 to €347,859
- Cash -€94,996
down €94,996 (-70.8%), from €134,207 to €39,211
mainly Current investments (-€162,824) and Contributions, distributions and other (-€36,816)
- Tangible fixed assets +€25,911
up €25,911 (+70.2%), from €36,919 to €62,830
of which Other tangible fixed assets: +€26,107
- Reserves +€82,245
up €82,245 (+28.0%), from €293,650 to €375,895
of which Distributable reserves: +€84,105
- Other debts +€15,079
up €15,079 (+51.3%), from €29,370 to €44,449
- Tax, wage and social debts -€5,297
down €5,297 (-26.9%), from €19,727 to €14,430
- Gross operating margin +€22,894
up €22,894 (+15.6%), from €146,770 to €169,665
- Taxes +€10,484
up €10,484 (+24.6%), from €42,649 to €53,133
- Financial income +€9,956
up €9,956 (+241%), from €4,136 to €14,092
- Depreciation +€2,907
up €2,907 (+58.1%), from €5,005 to €7,912
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 | €358,156 | €451,998 | +€93,842 | +26.2% |
| Fixed assets | 21/28 | €36,919 | €62,830 | +€25,911 | +70.2% |
| Tangible fixed assets | 22/27 | €36,919 | €62,830 | +€25,911 | +70.2% |
| Furniture and vehicles | 24 | €196 | €0 | -€196 | -100% |
| Other tangible fixed assets | 26 | €36,723 | €62,830 | +€26,107 | +71.1% |
| Current assets | 29/58 | €321,237 | €389,168 | +€67,931 | +21.1% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €185,035 | €347,859 | +€162,824 | +88.0% |
| Cash at bank and in hand | 54/58 | €134,207 | €39,211 | -€94,996 | -70.8% |
| Deferred charges and accrued income | 490/1 | €1,995 | €2,099 | +€103 | +5.2% |
| Total equity and liabilities | 10/49 | €358,156 | €451,998 | +€93,842 | +26.2% |
| Equity | 10/15 | €306,263 | €388,295 | +€82,032 | +26.8% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €293,650 | €375,895 | +€82,245 | +28.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100% |
| Distributable reserves | 133 | €291,790 | €375,895 | +€84,105 | +28.8% |
| Profit (loss) carried forward | 14 | €213 | €0 | -€213 | -100% |
| Amounts payable | 17/49 | €51,893 | €63,703 | +€11,810 | +22.8% |
| Amounts payable within one year | 42/48 | €51,893 | €63,424 | +€11,531 | +22.2% |
| Trade debts | 44 | €2,796 | €4,545 | +€1,749 | +62.5% |
| Suppliers | 440/4 | €2,796 | €4,545 | +€1,749 | +62.5% |
| Taxes, remuneration and social security | 45 | €19,727 | €14,430 | -€5,297 | -26.9% |
| Taxes | 450/3 | €19,727 | €14,430 | -€5,297 | -26.9% |
| Other amounts payable | 47/48 | €29,370 | €44,449 | +€15,079 | +51.3% |
| Accrued charges and deferred income | 492/3 | - | €279 | +€279 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,005 | €7,912 | +€2,907 | +58.1% |
| Other operating charges | 640/8 | €647 | €1,340 | +€692 | +107% |
| Gross operating margin | 9900 | €146,770 | €169,665 | +€22,894 | +15.6% |
| Operating profit (loss) | 9901 | €141,118 | €160,413 | +€19,295 | +13.7% |
| Financial income | 75/76B | €4,136 | €14,092 | +€9,956 | +241% |
| Recurring financial income | 75 | €4,136 | €14,092 | +€9,956 | +241% |
| Financial charges | 65/66B | €2,164 | €2,523 | +€360 | +16.6% |
| Recurring financial charges | 65 | €2,164 | €2,523 | +€360 | +16.6% |
| Profit (loss) for the period before taxes | 9903 | €143,090 | €171,981 | +€28,891 | +20.2% |
| Income taxes | 67/77 | €42,649 | €53,133 | +€10,484 | +24.6% |
| Profit (loss) for the period | 9904 | €100,441 | €118,848 | +€18,407 | +18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €100,441 | €118,848 | +€18,407 | +18.3% |
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 25 October 2026 via checked.be.