P. JANSEN: what changed
Two fiscal 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.
P. JANSEN
Largest movements
- Cash +€181,946
up €181,946 (+113.0%), from €161,039 to €342,985
mainly Receivables within one year (+€163,116) and Receivables after one year (+€36,500)
- Receivables within one year -€163,116
down €163,116 (-61.4%), from €265,564 to €102,448
of which Trade receivables: -€163,006
- Receivables after one year -€36,500
down €36,500 (-42.2%), from €86,500 to €50,000
- Trade debts -€15,231
down €15,231 (-46.8%), from €32,565 to €17,334
- Gross operating margin -€16,006
down €16,006, from €15,488 to -€517
- Taxes -€5,261
no longer reported in 2025 (was €5,261)
- Financial income -€4,499
down €4,499 (-90.0%), from €5,000 to €501
- Other operating charges -€640
no longer reported in 2025 (was €640)
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.
Cash bridge derived
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 | €515,113 | €495,943 | -€19,170 | -3.7% |
| Fixed assets | 21/28 | €10 | €10 | = | 0.0% |
| Financial fixed assets | 28 | €10 | €10 | = | 0.0% |
| Current assets | 29/58 | €515,103 | €495,933 | -€19,170 | -3.7% |
| Amounts receivable after more than one year | 29 | €86,500 | €50,000 | -€36,500 | -42.2% |
| Other amounts receivable | 291 | €86,500 | €50,000 | -€36,500 | -42.2% |
| Amounts receivable within one year | 40/41 | €265,564 | €102,448 | -€163,116 | -61.4% |
| Trade receivables | 40 | €163,006 | - | -€163,006 | |
| Other amounts receivable | 41 | €102,558 | €102,448 | -€110 | -0.1% |
| Cash at bank and in hand | 54/58 | €161,039 | €342,985 | +€181,946 | +113.0% |
| Deferred charges and accrued income | 490/1 | €2,000 | €500 | -€1,500 | -75.0% |
| Total equity and liabilities | 10/49 | €515,113 | €495,943 | -€19,170 | -3.7% |
| Equity | 10/15 | €453,322 | €453,151 | -€171 | 0.0% |
| Contributions | 10/11 | €12,410 | €12,410 | = | 0.0% |
| Reserves | 13 | €245,793 | €245,793 | = | 0.0% |
| Distributable reserves | 133 | €245,793 | €245,793 | = | 0.0% |
| Profit (loss) carried forward | 14 | €195,119 | €194,948 | -€171 | -0.1% |
| Amounts payable | 17/49 | €61,791 | €42,792 | -€18,999 | -30.7% |
| Amounts payable within one year | 42/48 | €61,791 | €42,792 | -€18,999 | -30.7% |
| Trade debts | 44 | €32,565 | €17,334 | -€15,231 | -46.8% |
| Suppliers | 440/4 | €32,565 | €17,334 | -€15,231 | -46.8% |
| Taxes, remuneration and social security | 45 | €6,458 | €2,708 | -€3,750 | -58.1% |
| Taxes | 450/3 | €6,458 | €2,708 | -€3,750 | -58.1% |
| Other amounts payable | 47/48 | €22,768 | €22,751 | -€17 | -0.1% |
| Other operating charges | 640/8 | €640 | - | -€640 | |
| Gross operating margin | 9900 | €15,488 | -€517 | -€16,006 | |
| Operating profit (loss) | 9901 | €14,848 | -€517 | -€15,365 | |
| Financial income | 75/76B | €5,000 | €501 | -€4,499 | -90.0% |
| Recurring financial income | 75 | €5,000 | €501 | -€4,499 | -90.0% |
| Financial charges | 65/66B | €122 | €155 | +€33 | +26.7% |
| Recurring financial charges | 65 | €122 | €155 | +€33 | +26.7% |
| Profit (loss) for the period before taxes | 9903 | €19,726 | -€171 | -€19,897 | |
| Income taxes | 67/77 | €5,261 | - | -€5,261 | |
| Profit (loss) for the period | 9904 | €14,464 | -€171 | -€14,636 | |
| Profit (loss) for the period to be appropriated | 9905 | €14,464 | -€171 | -€14,636 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.