ARNE DEJONGHE: 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.
ARNE DEJONGHE
Largest movements
- Receivables within one year -€71,316
down €71,316 (-22.3%), from €320,208 to €248,892
of which Trade receivables: -€75,092
- Stocks and contracts +€58,880
up €58,880 (+27.8%), from €211,809 to €270,690
of which Stocks: +€45,914
- Tangible fixed assets -€27,128
down €27,128 (-7.4%), from €369,086 to €341,958
of which Land and buildings: -€20,133
- Trade debts -€88,062
down €88,062 (-30.6%), from €288,005 to €199,943
- Reserves +€72,636
up €72,636 (+20.0%), from €362,720 to €435,356
- Debts after one year -€22,155
down €22,155 (-9.2%), from €241,741 to €219,587
- Tax, wage and social debts -€12,096
down €12,096 (-61.1%), from €19,801 to €7,705
of which Taxes: -€13,926
- Gross operating margin +€93,816
up €93,816 (+94.3%), from €99,448 to €193,264
- Staff costs +€34,413
up €34,413 (+187%), from €18,404 to €52,817
- Taxes +€12,209
up €12,209 (+142%), from €8,569 to €20,778
- Other operating charges -€5,455
down €5,455 (-71.6%), from €7,618 to €2,163
- Depreciation +€2,669
up €2,669 (+8.5%), from €31,294 to €33,962
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 | €950,574 | €907,400 | -€43,174 | -4.5% |
| Fixed assets | 21/28 | €369,086 | €341,958 | -€27,128 | -7.4% |
| Tangible fixed assets | 22/27 | €369,086 | €341,958 | -€27,128 | -7.4% |
| Land and buildings | 22 | €346,416 | €326,284 | -€20,133 | -5.8% |
| Plant, machinery and equipment | 23 | €10,400 | €8,244 | -€2,156 | -20.7% |
| Furniture and vehicles | 24 | €2,011 | €4,778 | +€2,767 | +138% |
| Leasing and similar rights | 25 | €10,259 | €2,652 | -€7,606 | -74.1% |
| Current assets | 29/58 | €581,488 | €565,442 | -€16,046 | -2.8% |
| Stocks and contracts in progress | 3 | €211,809 | €270,690 | +€58,880 | +27.8% |
| Stocks | 30/36 | €71,158 | €117,072 | +€45,914 | +64.5% |
| Contracts in progress | 37 | €140,651 | €153,618 | +€12,967 | +9.2% |
| Amounts receivable within one year | 40/41 | €320,208 | €248,892 | -€71,316 | -22.3% |
| Trade receivables | 40 | €276,886 | €201,793 | -€75,092 | -27.1% |
| Other amounts receivable | 41 | €43,323 | €47,098 | +€3,776 | +8.7% |
| Cash at bank and in hand | 54/58 | €48,074 | €45,860 | -€2,214 | -4.6% |
| Deferred charges and accrued income | 490/1 | €1,396 | - | -€1,396 | |
| Total equity and liabilities | 10/49 | €950,574 | €907,400 | -€43,174 | -4.5% |
| Equity | 10/15 | €367,720 | €440,356 | +€72,636 | +19.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €362,720 | €435,356 | +€72,636 | +20.0% |
| Distributable reserves | 133 | €362,720 | €435,356 | +€72,636 | +20.0% |
| Amounts payable | 17/49 | €582,854 | €467,044 | -€115,810 | -19.9% |
| Amounts payable after more than one year | 17 | €241,741 | €219,587 | -€22,155 | -9.2% |
| Financial debts | 170/4 | €241,741 | €219,587 | -€22,155 | -9.2% |
| Amounts payable within one year | 42/48 | €336,345 | €241,089 | -€95,255 | -28.3% |
| Current portion of amounts payable after more than one year | 42 | €26,873 | €23,334 | -€3,539 | -13.2% |
| Financial debts | 43 | - | €8,441 | +€8,441 | |
| Credit institutions | 430/8 | - | €8,441 | +€8,441 | |
| Trade debts | 44 | €288,005 | €199,943 | -€88,062 | -30.6% |
| Suppliers | 440/4 | €288,005 | €199,943 | -€88,062 | -30.6% |
| Taxes, remuneration and social security | 45 | €19,801 | €7,705 | -€12,096 | -61.1% |
| Taxes | 450/3 | €15,650 | €1,723 | -€13,926 | -89.0% |
| Remuneration and social security | 454/9 | €4,151 | €5,982 | +€1,831 | +44.1% |
| Other amounts payable | 47/48 | €1,666 | €1,666 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €4,768 | €6,368 | +€1,600 | +33.6% |
| Remuneration, social security and pensions | 62 | €18,404 | €52,817 | +€34,413 | +187% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,294 | €33,962 | +€2,669 | +8.5% |
| Other operating charges | 640/8 | €7,618 | €2,163 | -€5,455 | -71.6% |
| Gross operating margin | 9900 | €99,448 | €193,264 | +€93,816 | +94.3% |
| Operating profit (loss) | 9901 | €42,132 | €104,322 | +€62,189 | +148% |
| Financial income | 75/76B | €55 | €272 | +€217 | +393% |
| Recurring financial income | 75 | €55 | €272 | +€217 | +393% |
| Financial charges | 65/66B | €8,191 | €9,513 | +€1,322 | +16.1% |
| Recurring financial charges | 65 | €8,191 | €9,513 | +€1,322 | +16.1% |
| Profit (loss) for the period before taxes | 9903 | €33,997 | €95,081 | +€61,084 | +180% |
| Income taxes | 67/77 | €8,569 | €20,778 | +€12,209 | +142% |
| Profit (loss) for the period | 9904 | €25,427 | €74,302 | +€48,875 | +192% |
| Profit (loss) for the period to be appropriated | 9905 | €25,427 | €74,302 | +€48,875 | +192% |
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 30 October 2026 via checked.be.