De Jonge St. Jacob: 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 Jonge St. Jacob
Largest movements
- Tangible fixed assets +€3.1m
up €3.1m (+221%), from €1.4m to €4.5m
of which Land and buildings: +€3.1m
- Financial fixed assets -€594,234
down €594,234 (-68.7%), from €865,521 to €271,287
- Cash +€63,459
up €63,459 (+8.2%), from €776,462 to €839,921
mainly Contributions, distributions and other (+€2.4m) and Net result for the year (+€222,788)
- Revaluation surpluses +€3.2m
up €3.2m (+1,422%), from €224,878 to €3.4m
- Reserves -€562,300
down €562,300 (-41.4%), from €1.4m to €795,948
of which Distributable reserves: -€562,300
- Other debts +€125,156
up €125,156 (+5,931%), from €2,110 to €127,267
- Debts after one year -€81,934
down €81,934 (-70.3%), from €116,517 to €34,583
- Accrued charges and deferred income -€62,890
down €62,890 (-95.3%), from €65,967 to €3,077
- Financial income +€244,961
up €244,961 (+545%), from €44,906 to €289,868
of which Non-recurring financial income: +€284,757
- Financial charges +€93,874
up €93,874 (+294%), from €31,950 to €125,824
of which Non-recurring financial charges: +€95,309
- Depreciation -€34,616
down €34,616 (-25.6%), from €135,447 to €100,831
- Gross operating margin -€13,993
down €13,993 (-5.7%), from €245,608 to €231,615
- Taxes -€9,001
down €9,001 (-28.4%), from €31,668 to €22,666
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 | €3,347,431 | €5,972,668 | +€2.6m | +78.4% |
| Fixed assets | 21/28 | €2,281,049 | €4,812,425 | +€2.5m | +111% |
| Tangible fixed assets | 22/27 | €1,415,528 | €4,541,138 | +€3.1m | +221% |
| Land and buildings | 22 | €1,401,159 | €4,533,000 | +€3.1m | +224% |
| Furniture and vehicles | 24 | €14,369 | €8,138 | -€6,231 | -43.4% |
| Financial fixed assets | 28 | €865,521 | €271,287 | -€594,234 | -68.7% |
| Current assets | 29/58 | €1,066,382 | €1,160,244 | +€93,862 | +8.8% |
| Amounts receivable within one year | 40/41 | €155,655 | €180,521 | +€24,866 | +16.0% |
| Trade receivables | 40 | €77,471 | €72,025 | -€5,446 | -7.0% |
| Other amounts receivable | 41 | €78,184 | €108,495 | +€30,311 | +38.8% |
| Current investments | 50/53 | €122,400 | €122,400 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €776,462 | €839,921 | +€63,459 | +8.2% |
| Deferred charges and accrued income | 490/1 | €11,865 | €17,402 | +€5,537 | +46.7% |
| Total equity and liabilities | 10/49 | €3,347,431 | €5,972,668 | +€2.6m | +78.4% |
| Equity | 10/15 | €3,065,316 | €5,700,610 | +€2.6m | +86.0% |
| Contributions | 10/11 | €1,243,019 | €1,243,019 | = | 0.0% |
| Revaluation surpluses | 12 | €224,878 | €3,421,684 | +€3.2m | +1,422% |
| Reserves | 13 | €1,358,248 | €795,948 | -€562,300 | -41.4% |
| Tax-exempt reserves | 132 | €13,456 | €13,456 | = | 0.0% |
| Distributable reserves | 133 | €1,344,792 | €782,492 | -€562,300 | -41.8% |
| Profit (loss) carried forward | 14 | €239,170 | €239,959 | +€788 | +0.3% |
| Amounts payable | 17/49 | €282,115 | €272,058 | -€10,057 | -3.6% |
| Amounts payable after more than one year | 17 | €116,517 | €34,583 | -€81,934 | -70.3% |
| Financial debts | 170/4 | €116,517 | €34,583 | -€81,934 | -70.3% |
| Amounts payable within one year | 42/48 | €99,631 | €234,398 | +€134,768 | +135% |
| Current portion of amounts payable after more than one year | 42 | €80,454 | €81,934 | +€1,481 | +1.8% |
| Trade debts | 44 | €14,508 | €22,935 | +€8,428 | +58.1% |
| Suppliers | 440/4 | €14,508 | €22,935 | +€8,428 | +58.1% |
| Taxes, remuneration and social security | 45 | €2,559 | €2,262 | -€297 | -11.6% |
| Taxes | 450/3 | €520 | €516 | -€4 | -0.8% |
| Remuneration and social security | 454/9 | €2,039 | €1,746 | -€293 | -14.4% |
| Other amounts payable | 47/48 | €2,110 | €127,267 | +€125,156 | +5,931% |
| Accrued charges and deferred income | 492/3 | €65,967 | €3,077 | -€62,890 | -95.3% |
| Remuneration, social security and pensions | 62 | €20,365 | €21,278 | +€913 | +4.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €135,447 | €100,831 | -€34,616 | -25.6% |
| Other operating charges | 640/8 | €26,537 | €28,096 | +€1,559 | +5.9% |
| Gross operating margin | 9900 | €245,608 | €231,615 | -€13,993 | -5.7% |
| Operating profit (loss) | 9901 | €63,259 | €81,411 | +€18,151 | +28.7% |
| Financial income | 75/76B | €44,906 | €289,868 | +€244,961 | +545% |
| Recurring financial income | 75 | €44,611 | €4,815 | -€39,796 | -89.2% |
| Non-recurring financial income | 76B | €296 | €285,053 | +€284,757 | +96,238% |
| Financial charges | 65/66B | €31,950 | €125,824 | +€93,874 | +294% |
| Recurring financial charges | 65 | €4,627 | €3,191 | -€1,436 | -31.0% |
| Non-recurring financial charges | 66B | €27,323 | €122,632 | +€95,309 | +349% |
| Profit (loss) for the period before taxes | 9903 | €76,216 | €245,455 | +€169,239 | +222% |
| Income taxes | 67/77 | €31,668 | €22,666 | -€9,001 | -28.4% |
| Profit (loss) for the period | 9904 | €44,548 | €222,788 | +€178,240 | +400% |
| Profit (loss) for the period to be appropriated | 9905 | €44,548 | €222,788 | +€178,240 | +400% |
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 19 October 2026 via checked.be.