André DEJARDIN: 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.
André DEJARDIN
Largest movements
- Deferred charges and accrued income +€135,414
up €135,414 (+18,120%), from €747 to €136,161
- Receivables within one year +€45,200
up €45,200 (+59.1%), from €76,424 to €121,624
of which Trade receivables: +€34,833
- Tangible fixed assets -€19,535
down €19,535 (-9.1%), from €214,777 to €195,242
- Reserves +€138,354
up €138,354 (+162%), from €85,616 to €223,970
of which Distributable reserves: +€141,354
- Tax, wage and social debts +€22,909
up €22,909 (+477%), from €4,800 to €27,709
of which Taxes: +€22,909
- Financial income +€109,098
up €109,098 (+3,369%), from €3,238 to €112,336
- Turnover +€68,800
up €68,800 (+44.9%), from €153,380 to €222,180
- Gross operating margin +€51,832
up €51,832 (+109%), from €47,388 to €99,220
- Taxes +€22,755
up €22,755 (+474%), from €4,800 to €27,555
- Purchases and services +€7,699
up €7,699 (+5.6%), from €138,212 to €145,911
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 | €462,046 | €625,168 | +€163,122 | +35.3% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €224,777 | €205,242 | -€19,535 | -8.7% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €214,777 | €195,242 | -€19,535 | -9.1% |
| Land and buildings | 22 | €178,034 | €169,346 | -€8,688 | -4.9% |
| Plant, machinery and equipment | 23 | €15,421 | €11,061 | -€4,360 | -28.3% |
| Furniture and vehicles | 24 | €21,322 | €14,836 | -€6,487 | -30.4% |
| Financial fixed assets | 28 | €10,000 | €10,000 | = | 0.0% |
| Current assets | 29/58 | €237,269 | €419,926 | +€182,657 | +77.0% |
| Stocks and contracts in progress | 3 | €51,000 | €49,500 | -€1,500 | -2.9% |
| Stocks | 30/36 | €51,000 | €49,500 | -€1,500 | -2.9% |
| Amounts receivable within one year | 40/41 | €76,424 | €121,624 | +€45,200 | +59.1% |
| Trade receivables | 40 | €11,694 | €46,526 | +€34,833 | +298% |
| Other amounts receivable | 41 | €64,731 | €75,098 | +€10,368 | +16.0% |
| Cash at bank and in hand | 54/58 | €109,097 | €112,641 | +€3,543 | +3.2% |
| Deferred charges and accrued income | 490/1 | €747 | €136,161 | +€135,414 | +18,120% |
| Total equity and liabilities | 10/49 | €462,046 | €625,168 | +€163,122 | +35.3% |
| Equity | 10/15 | €415,957 | €554,311 | +€138,354 | +33.3% |
| Reserves | 13 | €85,616 | €223,970 | +€138,354 | +162% |
| Non-distributable reserves | 130/1 | €3,000 | - | -€3,000 | |
| Other | 1319 | €3,000 | - | -€3,000 | |
| Distributable reserves | 133 | €82,616 | €223,970 | +€141,354 | +171% |
| Profit (loss) carried forward | 14 | €330,340 | €330,340 | +€0 | 0.0% |
| Amounts payable | 17/49 | €46,089 | €70,858 | +€24,768 | +53.7% |
| Amounts payable after more than one year | 17 | €32,016 | €32,016 | = | 0.0% |
| Financial debts | 170/4 | €32,016 | €32,016 | = | 0.0% |
| Amounts payable within one year | 42/48 | €8,918 | €27,709 | +€18,791 | +211% |
| Current portion of amounts payable after more than one year | 42 | €991 | €0 | -€991 | -100% |
| Trade debts | 44 | €2,581 | €0 | -€2,581 | -100% |
| Suppliers | 440/4 | €2,581 | - | -€2,581 | |
| Taxes, remuneration and social security | 45 | €4,800 | €27,709 | +€22,909 | +477% |
| Taxes | 450/3 | €4,800 | €27,709 | +€22,909 | +477% |
| Remuneration and social security | 454/9 | €0 | €0 | = | |
| Other amounts payable | 47/48 | €546 | - | -€546 | |
| Accrued charges and deferred income | 492/3 | €5,156 | €11,133 | +€5,977 | +116% |
| Turnover | 70 | €153,380 | €222,180 | +€68,800 | +44.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €138,212 | €145,911 | +€7,699 | +5.6% |
| Remuneration, social security and pensions | 62 | €20,103 | €17,595 | -€2,509 | -12.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,156 | €20,466 | +€310 | +1.5% |
| Other operating charges | 640/8 | €4,386 | €4,477 | +€91 | +2.1% |
| Gross operating margin | 9900 | €47,388 | €99,220 | +€51,832 | +109% |
| Operating profit (loss) | 9901 | €2,743 | €56,682 | +€53,940 | +1,967% |
| Financial income | 75/76B | €3,238 | €112,336 | +€109,098 | +3,369% |
| Recurring financial income | 75 | €3,238 | €112,336 | +€109,098 | +3,369% |
| Financial charges | 65/66B | €366 | €109 | -€257 | -70.2% |
| Recurring financial charges | 65 | €366 | €109 | -€257 | -70.2% |
| Profit (loss) for the period before taxes | 9903 | €5,615 | €168,909 | +€163,295 | +2,908% |
| Income taxes | 67/77 | €4,800 | €27,555 | +€22,755 | +474% |
| Profit (loss) for the period | 9904 | €815 | €141,354 | +€140,539 | +17,247% |
| Profit (loss) for the period to be appropriated | 9905 | €815 | €141,354 | +€140,539 | +17,247% |
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 23 October 2026 via checked.be.