De Jaegere: 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.
De Jaegere
Largest movements
- Receivables within one year +€13,139
up €13,139 (+98.5%), from €13,338 to €26,477
of which Trade receivables: +€14,376
- Tangible fixed assets -€12,910
down €12,910 (-7.9%), from €163,436 to €150,527
of which Furniture and vehicles: -€7,681
- Stocks and contracts -€11,811
down €11,811 (-33.5%), from €35,232 to €23,421
of which Contracts in progress: -€30,364
- Other debts -€13,177
down €13,177 (-39.4%), from €33,416 to €20,239
- Reserves +€3,461
up €3,461 (+2.3%), from €152,414 to €155,874
- Accrued charges and deferred income +€2,649
up €2,649 (+5758.3%), from €46 to €2,695
- Gross operating margin +€15,154
up €15,154 (+137.1%), from €11,053 to €26,207
- Financial charges +€1,341
up €1,341 (+434.4%), from €309 to €1,650
- Taxes +€638
up €638 (+28.3%), from €2,256 to €2,894
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 | €224,102 | €214,773 | -€9,329 | -4.2% |
| Fixed assets | 21/28 | €163,536 | €150,577 | -€12,960 | -7.9% |
| Intangible fixed assets | 21 | €100 | €50 | -€50 | -50.0% |
| Tangible fixed assets | 22/27 | €163,436 | €150,527 | -€12,910 | -7.9% |
| Land and buildings | 22 | €134,847 | €130,382 | -€4,465 | -3.3% |
| Plant, machinery and equipment | 23 | €5,794 | €5,720 | -€74 | -1.3% |
| Furniture and vehicles | 24 | €17,966 | €10,285 | -€7,681 | -42.8% |
| Other tangible fixed assets | 26 | €4,830 | €4,140 | -€690 | -14.3% |
| Current assets | 29/58 | €60,566 | €64,196 | +€3,631 | +6.0% |
| Stocks and contracts in progress | 3 | €35,232 | €23,421 | -€11,811 | -33.5% |
| Stocks | 30/36 | €4,868 | €23,421 | +€18,553 | +381.1% |
| Contracts in progress | 37 | €30,364 | - | -€30,364 | |
| Amounts receivable within one year | 40/41 | €13,338 | €26,477 | +€13,139 | +98.5% |
| Trade receivables | 40 | €5,076 | €19,452 | +€14,376 | +283.2% |
| Other amounts receivable | 41 | €8,263 | €7,026 | -€1,237 | -15.0% |
| Cash at bank and in hand | 54/58 | €8,358 | €10,547 | +€2,189 | +26.2% |
| Deferred charges and accrued income | 490/1 | €3,638 | €3,752 | +€114 | +3.1% |
| Total equity and liabilities | 10/49 | €224,102 | €214,773 | -€9,329 | -4.2% |
| Equity | 10/15 | €171,014 | €174,474 | +€3,461 | +2.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,414 | €155,874 | +€3,461 | +2.3% |
| Distributable reserves | 133 | €152,414 | €155,874 | +€3,461 | +2.3% |
| Amounts payable | 17/49 | €53,089 | €40,299 | -€12,790 | -24.1% |
| Amounts payable within one year | 42/48 | €53,043 | €37,604 | -€15,438 | -29.1% |
| Trade debts | 44 | €18,356 | €16,440 | -€1,915 | -10.4% |
| Suppliers | 440/4 | €18,356 | €16,440 | -€1,915 | -10.4% |
| Taxes, remuneration and social security | 45 | €1,271 | €925 | -€346 | -27.2% |
| Taxes | 450/3 | €1,271 | €925 | -€346 | -27.2% |
| Other amounts payable | 47/48 | €33,416 | €20,239 | -€13,177 | -39.4% |
| Accrued charges and deferred income | 492/3 | €46 | €2,695 | +€2,649 | +5758.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,025 | €15,112 | +€87 | +0.6% |
| Other operating charges | 640/8 | €2,247 | €2,447 | +€200 | +8.9% |
| Gross operating margin | 9900 | €11,053 | €26,207 | +€15,154 | +137.1% |
| Operating profit (loss) | 9901 | -€6,219 | €8,648 | +€14,867 | |
| Financial income | 75/76B | €682 | €657 | -€25 | -3.7% |
| Recurring financial income | 75 | €682 | €657 | -€25 | -3.7% |
| Financial charges | 65/66B | €309 | €1,650 | +€1,341 | +434.4% |
| Recurring financial charges | 65 | €309 | €1,650 | +€1,341 | +434.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,846 | €7,655 | +€13,501 | |
| Income taxes | 67/77 | €2,256 | €2,894 | +€638 | +28.3% |
| Profit (loss) for the period | 9904 | -€8,102 | €4,761 | +€12,863 | |
| Transfer from tax-exempt reserves | 789 | €10,627 | - | -€10,627 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,525 | €4,761 | +€2,235 | +88.5% |
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 10 October 2026 via checked.be.