SYLVAIN DEJAEGHER: 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.
SYLVAIN DEJAEGHER
Largest movements
- Tangible fixed assets +€13,587
up €13,587 (+1,113%), from €1,220 to €14,807
- Receivables within one year +€5,907
up €5,907 (+274%), from €2,152 to €8,059
- Cash -€764
down €764 (-5.7%), from €13,346 to €12,582
mainly Investment in fixed assets (net) (-€14,049) and Receivables within one year (-€5,907)
- Other debts +€14,600
up €14,600 (+202%), from €7,216 to €21,816
- Profit (loss) carried forward +€4,669
up €4,669 (+388%), from €1,202 to €5,871
- Tax, wage and social debts -€539
down €539 (-16.3%), from €3,300 to €2,761
- Gross operating margin +€8,025
up €8,025, from -€2,234 to €5,791
- Taxes +€597
new in 2025: €597
- Depreciation +€426
up €426 (+1,203%), from €35 to €462
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 | €16,718 | €35,448 | +€18,730 | +112% |
| Fixed assets | 21/28 | €1,220 | €14,807 | +€13,587 | +1,113% |
| Tangible fixed assets | 22/27 | €1,220 | €14,807 | +€13,587 | +1,113% |
| Furniture and vehicles | 24 | €1,220 | €14,807 | +€13,587 | +1,113% |
| Current assets | 29/58 | €15,498 | €20,641 | +€5,143 | +33.2% |
| Amounts receivable within one year | 40/41 | €2,152 | €8,059 | +€5,907 | +274% |
| Trade receivables | 40 | €2,152 | €8,059 | +€5,907 | +274% |
| Cash at bank and in hand | 54/58 | €13,346 | €12,582 | -€764 | -5.7% |
| Total equity and liabilities | 10/49 | €16,718 | €35,448 | +€18,730 | +112% |
| Equity | 10/15 | €6,202 | €10,871 | +€4,669 | +75.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,202 | €5,871 | +€4,669 | +388% |
| Amounts payable | 17/49 | €10,516 | €24,577 | +€14,061 | +134% |
| Amounts payable within one year | 42/48 | €10,516 | €24,577 | +€14,061 | +134% |
| Taxes, remuneration and social security | 45 | €3,300 | €2,761 | -€539 | -16.3% |
| Taxes | 450/3 | €3,300 | €2,761 | -€539 | -16.3% |
| Other amounts payable | 47/48 | €7,216 | €21,816 | +€14,600 | +202% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35 | €462 | +€426 | +1,203% |
| Gross operating margin | 9900 | -€2,234 | €5,791 | +€8,025 | |
| Operating profit (loss) | 9901 | -€2,269 | €5,330 | +€7,599 | |
| Financial charges | 65/66B | €77 | €65 | -€12 | -15.7% |
| Recurring financial charges | 65 | €77 | €65 | -€12 | -15.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,346 | €5,265 | +€7,611 | |
| Income taxes | 67/77 | - | €597 | +€597 | |
| Profit (loss) for the period | 9904 | -€2,346 | €4,669 | +€7,014 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,346 | €4,669 | +€7,014 |
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 17 October 2026 via checked.be.