DE BAETS JONAS: what changed
Two fiscal 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.
DE BAETS JONAS
Largest movements
- Tangible fixed assets +€43,761
up €43,761 (+132.2%), from €33,109 to €76,870
of which Land and buildings: +€58,856
- Cash -€8,689
down €8,689 (-27.9%), from €31,185 to €22,496
mainly Investment in fixed assets (net) (-€73,128) and Other debts (-€9,209)
- Debts after one year +€35,653
up €35,653 (+319.7%), from €11,153 to €46,806
- Other debts -€9,209
down €9,209 (-55.0%), from €16,751 to €7,542
- Reserves +€7,185
up €7,185 (+31.8%), from €22,566 to €29,751
- Current portion of long-term debt +€1,311
up €1,311 (+11.0%), from €11,948 to €13,259
- Depreciation +€14,622
up €14,622 (+99.2%), from €14,745 to €29,367
- Taxes -€3,798
down €3,798 (-58.7%), from €6,471 to €2,674
- Gross operating margin -€3,043
down €3,043 (-6.7%), from €45,665 to €42,622
- Financial charges +€1,481
up €1,481 (+207.2%), from €715 to €2,196
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 | €70,484 | €105,604 | +€35,120 | +49.8% |
| Fixed assets | 21/28 | €33,109 | €76,870 | +€43,761 | +132.2% |
| Tangible fixed assets | 22/27 | €33,109 | €76,870 | +€43,761 | +132.2% |
| Land and buildings | 22 | - | €58,856 | +€58,856 | |
| Plant, machinery and equipment | 23 | €4,934 | €3,448 | -€1,486 | -30.1% |
| Furniture and vehicles | 24 | €4,553 | €1,553 | -€3,000 | -65.9% |
| Leasing and similar rights | 25 | €23,622 | €13,013 | -€10,609 | -44.9% |
| Current assets | 29/58 | €37,375 | €28,734 | -€8,641 | -23.1% |
| Amounts receivable within one year | 40/41 | €4,038 | €3,942 | -€97 | -2.4% |
| Trade receivables | 40 | - | €100 | +€100 | |
| Other amounts receivable | 41 | €4,038 | €3,842 | -€197 | -4.9% |
| Cash at bank and in hand | 54/58 | €31,185 | €22,496 | -€8,689 | -27.9% |
| Deferred charges and accrued income | 490/1 | €2,152 | €2,297 | +€145 | +6.7% |
| Total equity and liabilities | 10/49 | €70,484 | €105,604 | +€35,120 | +49.8% |
| Equity | 10/15 | €26,566 | €33,751 | +€7,185 | +27.0% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Reserves | 13 | €22,566 | €29,751 | +€7,185 | +31.8% |
| Distributable reserves | 133 | €22,566 | €29,751 | +€7,185 | +31.8% |
| Amounts payable | 17/49 | €43,919 | €71,854 | +€27,935 | +63.6% |
| Amounts payable after more than one year | 17 | €11,153 | €46,806 | +€35,653 | +319.7% |
| Financial debts | 170/4 | €11,153 | €46,806 | +€35,653 | +319.7% |
| Amounts payable within one year | 42/48 | €32,766 | €24,965 | -€7,801 | -23.8% |
| Current portion of amounts payable after more than one year | 42 | €11,948 | €13,259 | +€1,311 | +11.0% |
| Trade debts | 44 | €1,667 | €1,910 | +€244 | +14.6% |
| Suppliers | 440/4 | €1,667 | €1,910 | +€244 | +14.6% |
| Taxes, remuneration and social security | 45 | €2,400 | €2,254 | -€146 | -6.1% |
| Taxes | 450/3 | €2,400 | €2,254 | -€146 | -6.1% |
| Other amounts payable | 47/48 | €16,751 | €7,542 | -€9,209 | -55.0% |
| Accrued charges and deferred income | 492/3 | - | €83 | +€83 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,745 | €29,367 | +€14,622 | +99.2% |
| Other operating charges | 640/8 | €934 | €995 | +€60 | +6.4% |
| Gross operating margin | 9900 | €45,665 | €42,622 | -€3,043 | -6.7% |
| Operating profit (loss) | 9901 | €29,986 | €12,261 | -€17,725 | -59.1% |
| Financial income | 75/76B | €599 | €627 | +€28 | +4.6% |
| Recurring financial income | 75 | €599 | €627 | +€28 | +4.6% |
| Financial charges | 65/66B | €715 | €2,196 | +€1,481 | +207.2% |
| Recurring financial charges | 65 | €715 | €2,196 | +€1,481 | +207.2% |
| Profit (loss) for the period before taxes | 9903 | €29,870 | €10,692 | -€19,178 | -64.2% |
| Income taxes | 67/77 | €6,471 | €2,674 | -€3,798 | -58.7% |
| Profit (loss) for the period | 9904 | €23,399 | €8,018 | -€15,381 | -65.7% |
| Profit (loss) for the period to be appropriated | 9905 | €23,399 | €8,018 | -€15,381 | -65.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.