TOM JORSSEN: 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.
TOM JORSSEN
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Receivables within one year -€5,172
down €5,172 (-26.3%), from €19,692 to €14,520
of which Other amounts receivable: -€7,040
- Tangible fixed assets -€2,920
down €2,920 (-14.8%), from €19,712 to €16,792
of which Furniture and vehicles: -€1,760
- Cash +€2,707
up €2,707 (+3.2%), from €83,649 to €86,356
mainly Other debts (+€58,167) and Net result for the year (+€57,549)
- Other debts +€58,167
up €58,167, from €0 to €58,167
- Reserves -€14,284
down €14,284 (-12.5%), from €114,568 to €100,284
- Gross operating margin +€12,462
up €12,462 (+20.1%), from €61,991 to €74,453
- Taxes +€2,597
up €2,597 (+22.4%), from €11,619 to €14,215
- Financial income +€1,841
up €1,841 (+767%), from €240 to €2,081
- Depreciation -€1,054
down €1,054 (-22.3%), from €4,715 to €3,662
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 | €125,095 | €168,274 | +€43,179 | +34.5% |
| Fixed assets | 21/28 | €19,712 | €16,792 | -€2,920 | -14.8% |
| Tangible fixed assets | 22/27 | €19,712 | €16,792 | -€2,920 | -14.8% |
| Furniture and vehicles | 24 | €15,429 | €13,669 | -€1,760 | -11.4% |
| Other tangible fixed assets | 26 | €4,283 | €3,123 | -€1,160 | -27.1% |
| Current assets | 29/58 | €105,383 | €151,481 | +€46,099 | +43.7% |
| Amounts receivable within one year | 40/41 | €19,692 | €14,520 | -€5,172 | -26.3% |
| Trade receivables | 40 | €12,652 | €14,520 | +€1,868 | +14.8% |
| Other amounts receivable | 41 | €7,040 | €0 | -€7,040 | -100% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €83,649 | €86,356 | +€2,707 | +3.2% |
| Deferred charges and accrued income | 490/1 | €2,042 | €606 | -€1,436 | -70.3% |
| Total equity and liabilities | 10/49 | €125,095 | €168,274 | +€43,179 | +34.5% |
| Equity | 10/15 | €115,568 | €101,284 | -€14,284 | -12.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €114,568 | €100,284 | -€14,284 | -12.5% |
| Distributable reserves | 133 | €114,568 | €100,284 | -€14,284 | -12.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €9,527 | €66,990 | +€57,464 | +603% |
| Amounts payable within one year | 42/48 | €9,527 | €66,990 | +€57,464 | +603% |
| Trade debts | 44 | €883 | €187 | -€697 | -78.9% |
| Suppliers | 440/4 | €883 | €187 | -€697 | -78.9% |
| Taxes, remuneration and social security | 45 | €8,644 | €8,637 | -€7 | -0.1% |
| Taxes | 450/3 | €8,644 | €8,637 | -€7 | -0.1% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €0 | €58,167 | +€58,167 | |
| Non-recurring operating income | 76A | - | €8,365 | +€8,365 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,715 | €3,662 | -€1,054 | -22.3% |
| Other operating charges | 640/8 | €863 | €1,067 | +€205 | +23.7% |
| Gross operating margin | 9900 | €61,991 | €74,453 | +€12,462 | +20.1% |
| Operating profit (loss) | 9901 | €56,413 | €69,724 | +€13,311 | +23.6% |
| Financial income | 75/76B | €240 | €2,081 | +€1,841 | +767% |
| Recurring financial income | 75 | €240 | €2,081 | +€1,841 | +767% |
| Financial charges | 65/66B | €183 | €40 | -€142 | -77.9% |
| Recurring financial charges | 65 | €183 | €40 | -€142 | -77.9% |
| Profit (loss) for the period before taxes | 9903 | €56,470 | €71,765 | +€15,294 | +27.1% |
| Income taxes | 67/77 | €11,619 | €14,215 | +€2,597 | +22.4% |
| Profit (loss) for the period | 9904 | €44,852 | €57,549 | +€12,697 | +28.3% |
| Profit (loss) for the period to be appropriated | 9905 | €44,852 | €57,549 | +€12,697 | +28.3% |
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 20 October 2026 via checked.be.