STEPHANIE JORIS: 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.
STEPHANIE JORIS
Largest movements
- Financial fixed assets +€24,000
new in 2025: €24,000
- Receivables within one year +€21,996
up €21,996 (+40.1%), from €54,858 to €76,854
of which Other amounts receivable: +€14,286
- Cash -€14,812
down €14,812 (-98.4%), from €15,046 to €234
mainly Investment in fixed assets (net) (-€28,815) and Receivables within one year (-€21,996)
- Tangible fixed assets +€2,414
up €2,414 (+20.0%), from €12,072 to €14,486
of which Furniture and vehicles: +€3,695
- Reserves +€22,414
up €22,414 (+46.0%), from €48,723 to €71,137
- Trade debts +€7,031
up €7,031 (+147%), from €4,770 to €11,801
- Tax, wage and social debts +€6,009
up €6,009 (+24.3%), from €24,749 to €30,758
- Other debts -€1,859
no longer reported in 2025 (was €1,859)
- Gross operating margin +€15,300
up €15,300 (+66.0%), from €23,199 to €38,498
- Taxes +€7,308
up €7,308 (+127%), from €5,766 to €13,074
- Financial income -€1,841
down €1,841 (-40.0%), from €4,600 to €2,758
- Depreciation +€1,297
up €1,297 (+118%), from €1,104 to €2,401
- Other operating charges +€893
up €893 (+135%), from €662 to €1,555
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 | €82,102 | €115,695 | +€33,593 | +40.9% |
| Fixed assets | 21/28 | €12,072 | €38,486 | +€26,414 | +219% |
| Tangible fixed assets | 22/27 | €12,072 | €14,486 | +€2,414 | +20.0% |
| Furniture and vehicles | 24 | €48 | €3,743 | +€3,695 | +7,716% |
| Other tangible fixed assets | 26 | €12,024 | €10,743 | -€1,281 | -10.7% |
| Financial fixed assets | 28 | - | €24,000 | +€24,000 | |
| Current assets | 29/58 | €70,030 | €77,209 | +€7,179 | +10.3% |
| Amounts receivable within one year | 40/41 | €54,858 | €76,854 | +€21,996 | +40.1% |
| Trade receivables | 40 | €9,854 | €17,564 | +€7,709 | +78.2% |
| Other amounts receivable | 41 | €45,004 | €59,290 | +€14,286 | +31.7% |
| Cash at bank and in hand | 54/58 | €15,046 | €234 | -€14,812 | -98.4% |
| Deferred charges and accrued income | 490/1 | €126 | €121 | -€5 | -4.1% |
| Total equity and liabilities | 10/49 | €82,102 | €115,695 | +€33,593 | +40.9% |
| Equity | 10/15 | €50,723 | €73,137 | +€22,414 | +44.2% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €48,723 | €71,137 | +€22,414 | +46.0% |
| Distributable reserves | 133 | €48,723 | €71,137 | +€22,414 | +46.0% |
| Amounts payable | 17/49 | €31,379 | €42,558 | +€11,180 | +35.6% |
| Amounts payable within one year | 42/48 | €31,378 | €42,558 | +€11,180 | +35.6% |
| Trade debts | 44 | €4,770 | €11,801 | +€7,031 | +147% |
| Suppliers | 440/4 | €4,770 | €11,801 | +€7,031 | +147% |
| Taxes, remuneration and social security | 45 | €24,749 | €30,758 | +€6,009 | +24.3% |
| Taxes | 450/3 | €24,749 | €30,758 | +€6,009 | +24.3% |
| Other amounts payable | 47/48 | €1,859 | - | -€1,859 | |
| Accrued charges and deferred income | 492/3 | €1 | - | -€1 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,104 | €2,401 | +€1,297 | +118% |
| Other operating charges | 640/8 | €662 | €1,555 | +€893 | +135% |
| Gross operating margin | 9900 | €23,199 | €38,498 | +€15,300 | +66.0% |
| Operating profit (loss) | 9901 | €21,433 | €34,543 | +€13,110 | +61.2% |
| Financial income | 75/76B | €4,600 | €2,758 | -€1,841 | -40.0% |
| Recurring financial income | 75 | €4,600 | €2,758 | -€1,841 | -40.0% |
| Financial charges | 65/66B | €1,870 | €1,814 | -€56 | -3.0% |
| Recurring financial charges | 65 | €1,870 | €1,814 | -€56 | -3.0% |
| Profit (loss) for the period before taxes | 9903 | €24,163 | €35,487 | +€11,324 | +46.9% |
| Income taxes | 67/77 | €5,766 | €13,074 | +€7,308 | +127% |
| Profit (loss) for the period | 9904 | €18,397 | €22,414 | +€4,016 | +21.8% |
| Profit (loss) for the period to be appropriated | 9905 | €18,397 | €22,414 | +€4,016 | +21.8% |
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 16 October 2026 via checked.be.