Sven Joos: 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.
Sven Joos
Largest movements
- Cash -€35,291
down €35,291 (-54.7%), from €64,467 to €29,176
mainly Accrued charges and deferred income (-€52,206) and Debts after one year (-€31,409)
- Tangible fixed assets -€22,535
down €22,535 (-24.0%), from €93,987 to €71,453
of which Furniture and vehicles: -€20,766
- Stocks and contracts -€18,242
down €18,242 (-54.7%), from €33,360 to €15,118
- Deferred charges and accrued income -€8,345
down €8,345 (-9.5%), from €87,658 to €79,313
- Accrued charges and deferred income -€52,206
down €52,206 (-98.8%), from €52,859 to €653
- Debts after one year -€31,409
down €31,409 (-29.2%), from €107,514 to €76,105
- Other debts +€18,323
up €18,323 (+74.8%), from €24,480 to €42,803
- Tax, wage and social debts -€15,105
down €15,105 (-100%), from €15,105 to €0
- Gross operating margin +€2,051
up €2,051 (+4.6%), from €44,946 to €46,997
- Financial charges +€1,712
up €1,712 (+28.3%), from €6,046 to €7,758
- Other operating charges -€1,403
down €1,403 (-37.8%), from €3,712 to €2,309
- Taxes +€1,266
up €1,266 (+141%), from €898 to €2,165
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 | €323,006 | €241,185 | -€81,821 | -25.3% |
| Fixed assets | 21/28 | €93,987 | €71,453 | -€22,535 | -24.0% |
| Tangible fixed assets | 22/27 | €93,987 | €71,453 | -€22,535 | -24.0% |
| Plant, machinery and equipment | 23 | €5,654 | €4,062 | -€1,592 | -28.2% |
| Furniture and vehicles | 24 | €87,611 | €66,845 | -€20,766 | -23.7% |
| Other tangible fixed assets | 26 | €723 | €545 | -€177 | -24.5% |
| Current assets | 29/58 | €229,018 | €169,732 | -€59,286 | -25.9% |
| Stocks and contracts in progress | 3 | €33,360 | €15,118 | -€18,242 | -54.7% |
| Stocks | 30/36 | €33,360 | €15,118 | -€18,242 | -54.7% |
| Amounts receivable within one year | 40/41 | €43,533 | €46,125 | +€2,592 | +6.0% |
| Trade receivables | 40 | €25,351 | €4,326 | -€21,024 | -82.9% |
| Other amounts receivable | 41 | €18,183 | €41,799 | +€23,617 | +130% |
| Cash at bank and in hand | 54/58 | €64,467 | €29,176 | -€35,291 | -54.7% |
| Deferred charges and accrued income | 490/1 | €87,658 | €79,313 | -€8,345 | -9.5% |
| Total equity and liabilities | 10/49 | €323,006 | €241,185 | -€81,821 | -25.3% |
| Equity | 10/15 | €34,860 | €33,891 | -€970 | -2.8% |
| Contributions | 10/11 | €7,500 | €7,500 | = | 0.0% |
| Reserves | 13 | €26,000 | €26,000 | = | 0.0% |
| Distributable reserves | 133 | €26,000 | €26,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,360 | €391 | -€970 | -71.3% |
| Amounts payable | 17/49 | €288,145 | €207,295 | -€80,851 | -28.1% |
| Amounts payable after more than one year | 17 | €107,514 | €76,105 | -€31,409 | -29.2% |
| Financial debts | 170/4 | €107,514 | €76,105 | -€31,409 | -29.2% |
| Amounts payable within one year | 42/48 | €127,772 | €130,536 | +€2,765 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €30,253 | €31,409 | +€1,156 | +3.8% |
| Trade debts | 44 | €57,934 | €56,325 | -€1,610 | -2.8% |
| Suppliers | 440/4 | €57,934 | €56,325 | -€1,610 | -2.8% |
| Taxes, remuneration and social security | 45 | €15,105 | €0 | -€15,105 | -100% |
| Taxes | 450/3 | €15,105 | €0 | -€15,105 | -100% |
| Other amounts payable | 47/48 | €24,480 | €42,803 | +€18,323 | +74.8% |
| Accrued charges and deferred income | 492/3 | €52,859 | €653 | -€52,206 | -98.8% |
| Non-recurring operating income | 76A | €11,507 | €0 | -€11,507 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,176 | €27,832 | -€345 | -1.2% |
| Other operating charges | 640/8 | €3,712 | €2,309 | -€1,403 | -37.8% |
| Gross operating margin | 9900 | €44,946 | €46,997 | +€2,051 | +4.6% |
| Operating profit (loss) | 9901 | €13,057 | €16,857 | +€3,800 | +29.1% |
| Financial income | 75/76B | €0 | €95 | +€95 | +43,291% |
| Recurring financial income | 75 | €0 | €95 | +€95 | +43,291% |
| Financial charges | 65/66B | €6,046 | €7,758 | +€1,712 | +28.3% |
| Recurring financial charges | 65 | €6,046 | €7,758 | +€1,712 | +28.3% |
| Profit (loss) for the period before taxes | 9903 | €7,011 | €9,195 | +€2,183 | +31.1% |
| Income taxes | 67/77 | €898 | €2,165 | +€1,266 | +141% |
| Profit (loss) for the period | 9904 | €6,113 | €7,030 | +€917 | +15.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,113 | €7,030 | +€917 | +15.0% |
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 25 October 2026 via checked.be.