D.DE JAEGER: 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.
D.DE JAEGER
Largest movements
- Tangible fixed assets +€319,851
up €319,851 (+20.6%), from €1.6m to €1.9m
of which Land and buildings: +€349,642
- Receivables within one year -€229,105
down €229,105 (-66.2%), from €346,174 to €117,070
of which Other amounts receivable: -€214,277
- Cash +€166,027
up €166,027 (+222%), from €74,657 to €240,684
mainly Net result for the year (+€375,748) and Receivables within one year (+€229,105)
- Reserves +€212,687
up €212,687 (+11.3%), from €1.9m to €2.1m
- Tax, wage and social debts +€135,765
up €135,765 (+537%), from €25,277 to €161,042
- Debts after one year -€40,614
no longer reported in 2025 (was €40,614)
- Trade debts -€30,752
down €30,752 (-89.2%), from €34,477 to €3,725
- Current portion of long-term debt -€26,305
down €26,305 (-39.3%), from €66,919 to €40,614
- Gross operating margin +€268,371
up €268,371 (+57.6%), from €465,631 to €734,002
- Taxes +€185,153
up €185,153 (+419%), from €44,206 to €229,360
- Depreciation +€27,606
up €27,606 (+30.9%), from €89,336 to €116,941
- Financial charges -€9,850
down €9,850 (-72.9%), from €13,517 to €3,667
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 | €2,062,852 | €2,314,113 | +€251,261 | +12.2% |
| Fixed assets | 21/28 | €1,551,355 | €1,871,206 | +€319,851 | +20.6% |
| Tangible fixed assets | 22/27 | €1,551,355 | €1,871,206 | +€319,851 | +20.6% |
| Land and buildings | 22 | €1,439,544 | €1,789,187 | +€349,642 | +24.3% |
| Furniture and vehicles | 24 | €54,587 | €59,106 | +€4,520 | +8.3% |
| Other tangible fixed assets | 26 | €22,913 | €22,913 | = | 0.0% |
| Assets under construction and advance payments | 27 | €34,311 | - | -€34,311 | |
| Current assets | 29/58 | €511,497 | €442,908 | -€68,589 | -13.4% |
| Amounts receivable after more than one year | 29 | €56,200 | €56,200 | = | 0.0% |
| Other amounts receivable | 291 | €56,200 | €56,200 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €346,174 | €117,070 | -€229,105 | -66.2% |
| Trade receivables | 40 | €78,157 | €63,329 | -€14,827 | -19.0% |
| Other amounts receivable | 41 | €268,018 | €53,740 | -€214,277 | -79.9% |
| Current investments | 50/53 | €24,800 | €24,800 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €74,657 | €240,684 | +€166,027 | +222% |
| Deferred charges and accrued income | 490/1 | €9,666 | €4,153 | -€5,512 | -57.0% |
| Total equity and liabilities | 10/49 | €2,062,852 | €2,314,113 | +€251,261 | +12.2% |
| Equity | 10/15 | €1,892,785 | €2,105,471 | +€212,687 | +11.2% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €1,874,235 | €2,086,921 | +€212,687 | +11.3% |
| Distributable reserves | 133 | €1,874,235 | €2,086,921 | +€212,687 | +11.3% |
| Amounts payable | 17/49 | €170,067 | €208,642 | +€38,575 | +22.7% |
| Amounts payable after more than one year | 17 | €40,614 | - | -€40,614 | |
| Financial debts | 170/4 | €40,614 | - | -€40,614 | |
| Amounts payable within one year | 42/48 | €126,673 | €205,501 | +€78,828 | +62.2% |
| Current portion of amounts payable after more than one year | 42 | €66,919 | €40,614 | -€26,305 | -39.3% |
| Financial debts | 43 | - | €120 | +€120 | |
| Credit institutions | 430/8 | - | €120 | +€120 | |
| Trade debts | 44 | €34,477 | €3,725 | -€30,752 | -89.2% |
| Suppliers | 440/4 | €34,477 | €3,725 | -€30,752 | -89.2% |
| Taxes, remuneration and social security | 45 | €25,277 | €161,042 | +€135,765 | +537% |
| Taxes | 450/3 | €25,277 | €161,042 | +€135,765 | +537% |
| Accrued charges and deferred income | 492/3 | €2,780 | €3,141 | +€361 | +13.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €89,336 | €116,941 | +€27,606 | +30.9% |
| Other operating charges | 640/8 | €5,985 | €9,489 | +€3,504 | +58.6% |
| Gross operating margin | 9900 | €465,631 | €734,002 | +€268,371 | +57.6% |
| Operating profit (loss) | 9901 | €370,310 | €607,571 | +€237,261 | +64.1% |
| Financial income | 75/76B | €6,582 | €1,204 | -€5,378 | -81.7% |
| Recurring financial income | 75 | €6,582 | €1,204 | -€5,378 | -81.7% |
| Financial charges | 65/66B | €13,517 | €3,667 | -€9,850 | -72.9% |
| Recurring financial charges | 65 | €13,517 | €3,667 | -€9,850 | -72.9% |
| Profit (loss) for the period before taxes | 9903 | €363,375 | €605,108 | +€241,733 | +66.5% |
| Income taxes | 67/77 | €44,206 | €229,360 | +€185,153 | +419% |
| Profit (loss) for the period | 9904 | €319,169 | €375,748 | +€56,580 | +17.7% |
| Profit (loss) for the period to be appropriated | 9905 | €319,169 | €375,748 | +€56,580 | +17.7% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.