VINCENT JAMMAER: 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.
VINCENT JAMMAER
Largest movements
- Receivables within one year -€2,168
down €2,168 (-72.6%), from €2,987 to €820
of which Trade receivables: -€2,788
- Cash -€407
down €407 (-16.5%), from €2,474 to €2,067
mainly Trade debts (-€1,913) and Net result for the year (-€1,787)
- Tangible fixed assets -€238
down €238 (-41.0%), from €581 to €343
- Formation expenses -€225
down €225 (-25.2%), from €892 to €667
- Trade debts -€1,913
down €1,913 (-70.9%), from €2,700 to €787
- Profit (loss) carried forward -€1,787
down €1,787 (-151.0%), from -€1,183 to -€2,971
- Other debts +€656
up €656 (+163.0%), from €402 to €1,058
- Gross operating margin -€547
down €547 (-244.3%), from -€224 to -€771
- Depreciation +€97
up €97 (+26.3%), from €367 to €463
- Other operating charges -€53
down €53 (-11.7%), from €453 to €400
- Financial charges +€13
up €13 (+9.2%), from €140 to €153
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 | €6,934 | €3,896 | -€3,038 | -43.8% |
| Formation expenses | 20 | €892 | €667 | -€225 | -25.2% |
| Fixed assets | 21/28 | €581 | €343 | -€238 | -41.0% |
| Tangible fixed assets | 22/27 | €581 | €343 | -€238 | -41.0% |
| Furniture and vehicles | 24 | €581 | €343 | -€238 | -41.0% |
| Current assets | 29/58 | €5,461 | €2,886 | -€2,575 | -47.2% |
| Amounts receivable within one year | 40/41 | €2,987 | €820 | -€2,168 | -72.6% |
| Trade receivables | 40 | €2,987 | €199 | -€2,788 | -93.3% |
| Other amounts receivable | 41 | - | €621 | +€621 | |
| Cash at bank and in hand | 54/58 | €2,474 | €2,067 | -€407 | -16.5% |
| Total equity and liabilities | 10/49 | €6,934 | €3,896 | -€3,038 | -43.8% |
| Equity | 10/15 | €3,817 | €2,029 | -€1,787 | -46.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,183 | -€2,971 | -€1,787 | -151.0% |
| Amounts payable | 17/49 | €3,118 | €1,867 | -€1,251 | -40.1% |
| Amounts payable within one year | 42/48 | €3,118 | €1,867 | -€1,251 | -40.1% |
| Trade debts | 44 | €2,700 | €787 | -€1,913 | -70.9% |
| Suppliers | 440/4 | €2,700 | €787 | -€1,913 | -70.9% |
| Taxes, remuneration and social security | 45 | €15 | €21 | +€6 | +41.2% |
| Taxes | 450/3 | €15 | €21 | +€6 | +41.2% |
| Other amounts payable | 47/48 | €402 | €1,058 | +€656 | +163.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €367 | €463 | +€97 | +26.3% |
| Other operating charges | 640/8 | €453 | €400 | -€53 | -11.7% |
| Gross operating margin | 9900 | -€224 | -€771 | -€547 | -244.3% |
| Operating profit (loss) | 9901 | -€1,043 | -€1,634 | -€591 | -56.6% |
| Financial charges | 65/66B | €140 | €153 | +€13 | +9.2% |
| Recurring financial charges | 65 | €140 | €153 | +€13 | +9.2% |
| Profit (loss) for the period before taxes | 9903 | -€1,183 | -€1,787 | -€604 | -51.0% |
| Profit (loss) for the period | 9904 | -€1,183 | -€1,787 | -€604 | -51.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,183 | -€1,787 | -€604 | -51.0% |
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 12 October 2026 via checked.be.