KOEN JANSSENS: 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.
KOEN JANSSENS
Largest movements
- Receivables within one year +€66,814
up €66,814 (+184%), from €36,335 to €103,149
of which Trade receivables: +€70,470
- Cash -€2,490
down €2,490 (-23.2%), from €10,713 to €8,224
mainly Receivables within one year (-€66,814) and Net result for the year (-€16,127)
- Other debts +€61,661
up €61,661 (+5,251%), from €1,174 to €62,835
- Trade debts +€19,441
up €19,441 (+1,095%), from €1,775 to €21,216
- Profit (loss) carried forward -€11,967
down €11,967, from €13 to -€11,954
- Reserves -€4,160
down €4,160 (-7.3%), from €56,600 to €52,440
of which Distributable reserves: -€4,160
- Gross operating margin -€31,638
down €31,638, from €17,718 to -€13,920
- Taxes -€2,883
down €2,883, from €2,883 to -€1
- Depreciation -€656
down €656 (-29.3%), from €2,237 to €1,581
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 | €69,242 | €134,217 | +€64,975 | +93.8% |
| Fixed assets | 21/28 | €3,541 | €3,390 | -€151 | -4.3% |
| Tangible fixed assets | 22/27 | €3,261 | €3,230 | -€31 | -1.0% |
| Plant, machinery and equipment | 23 | €1,574 | €2,512 | +€938 | +59.6% |
| Furniture and vehicles | 24 | €471 | €258 | -€212 | -45.1% |
| Other tangible fixed assets | 26 | €1,216 | €459 | -€757 | -62.3% |
| Financial fixed assets | 28 | €280 | €160 | -€120 | -42.9% |
| Current assets | 29/58 | €65,701 | €130,827 | +€65,126 | +99.1% |
| Stocks and contracts in progress | 3 | €18,427 | €19,454 | +€1,027 | +5.6% |
| Stocks | 30/36 | €18,427 | €19,454 | +€1,027 | +5.6% |
| Amounts receivable within one year | 40/41 | €36,335 | €103,149 | +€66,814 | +184% |
| Trade receivables | 40 | €23,010 | €93,480 | +€70,470 | +306% |
| Other amounts receivable | 41 | €13,325 | €9,669 | -€3,656 | -27.4% |
| Cash at bank and in hand | 54/58 | €10,713 | €8,224 | -€2,490 | -23.2% |
| Deferred charges and accrued income | 490/1 | €225 | €0 | -€225 | -100% |
| Total equity and liabilities | 10/49 | €69,242 | €134,217 | +€64,975 | +93.8% |
| Equity | 10/15 | €62,813 | €46,686 | -€16,127 | -25.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €56,600 | €52,440 | -€4,160 | -7.3% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €56,600 | €52,440 | -€4,160 | -7.3% |
| Profit (loss) carried forward | 14 | €13 | -€11,954 | -€11,967 | |
| Amounts payable | 17/49 | €6,429 | €87,531 | +€81,102 | +1,261% |
| Amounts payable within one year | 42/48 | €6,429 | €87,531 | +€81,102 | +1,261% |
| Trade debts | 44 | €1,775 | €21,216 | +€19,441 | +1,095% |
| Suppliers | 440/4 | €1,775 | €21,216 | +€19,441 | +1,095% |
| Taxes, remuneration and social security | 45 | €3,480 | €3,480 | -€1 | 0.0% |
| Taxes | 450/3 | €3,480 | €3,480 | -€1 | 0.0% |
| Other amounts payable | 47/48 | €1,174 | €62,835 | +€61,661 | +5,251% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,237 | €1,581 | -€656 | -29.3% |
| Other operating charges | 640/8 | €568 | €585 | +€18 | +3.2% |
| Gross operating margin | 9900 | €17,718 | -€13,920 | -€31,638 | |
| Operating profit (loss) | 9901 | €14,914 | -€16,087 | -€31,000 | |
| Financial income | 75/76B | €0 | - | = | |
| Recurring financial income | 75 | €0 | - | = | |
| Financial charges | 65/66B | €39 | €40 | +€1 | +3.5% |
| Recurring financial charges | 65 | €39 | €40 | +€1 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €14,875 | -€16,127 | -€31,002 | |
| Income taxes | 67/77 | €2,883 | -€1 | -€2,883 | |
| Profit (loss) for the period | 9904 | €11,992 | -€16,127 | -€28,119 | |
| Profit (loss) for the period to be appropriated | 9905 | €11,992 | -€16,127 | -€28,119 |
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.