DE JOPPE 2.0: 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 JOPPE 2.0
Largest movements
- Cash -€27,156
down €27,156 (-20.7%), from €130,988 to €103,832
mainly Investment in fixed assets (net) (-€30,127) and Debts after one year (-€24,514)
- Intangible fixed assets -€17,500
down €17,500 (-23.5%), from €74,375 to €56,875
- Deferred charges and accrued income +€8,087
up €8,087 (+407%), from €1,988 to €10,075
- Debts after one year -€24,514
down €24,514 (-54.1%), from €45,280 to €20,767
- Reserves +€19,347
up €19,347 (+21.2%), from €91,359 to €110,706
- Other debts -€13,978
down €13,978 (-14.3%), from €97,789 to €83,812
- Current portion of long-term debt -€11,938
down €11,938 (-32.7%), from €36,451 to €24,514
- Advances received -€5,173
down €5,173 (-100.0%), from €5,174 to €1
- Gross operating margin -€30,337
down €30,337 (-13.6%), from €222,938 to €192,601
- Staff costs -€10,742
down €10,742 (-8.6%), from €124,704 to €113,962
- Taxes -€5,612
down €5,612 (-41.5%), from €13,512 to €7,900
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 | €307,712 | €271,131 | -€36,582 | -11.9% |
| Fixed assets | 21/28 | €163,936 | €147,076 | -€16,860 | -10.3% |
| Intangible fixed assets | 21 | €74,375 | €56,875 | -€17,500 | -23.5% |
| Tangible fixed assets | 22/27 | €83,561 | €84,201 | +€640 | +0.8% |
| Plant, machinery and equipment | 23 | €37,856 | €22,785 | -€15,071 | -39.8% |
| Furniture and vehicles | 24 | €13,319 | €34,851 | +€21,532 | +162% |
| Other tangible fixed assets | 26 | €32,385 | €26,565 | -€5,820 | -18.0% |
| Financial fixed assets | 28 | €6,000 | €6,000 | = | 0.0% |
| Current assets | 29/58 | €143,776 | €124,055 | -€19,721 | -13.7% |
| Stocks and contracts in progress | 3 | €6,977 | €4,367 | -€2,610 | -37.4% |
| Stocks | 30/36 | €6,977 | €4,367 | -€2,610 | -37.4% |
| Amounts receivable within one year | 40/41 | €3,823 | €5,780 | +€1,957 | +51.2% |
| Trade receivables | 40 | €584 | €567 | -€17 | -2.9% |
| Other amounts receivable | 41 | €3,240 | €5,213 | +€1,974 | +60.9% |
| Cash at bank and in hand | 54/58 | €130,988 | €103,832 | -€27,156 | -20.7% |
| Deferred charges and accrued income | 490/1 | €1,988 | €10,075 | +€8,087 | +407% |
| Total equity and liabilities | 10/49 | €307,712 | €271,131 | -€36,582 | -11.9% |
| Equity | 10/15 | €103,759 | €123,106 | +€19,347 | +18.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €91,359 | €110,706 | +€19,347 | +21.2% |
| Distributable reserves | 133 | €91,359 | €110,706 | +€19,347 | +21.2% |
| Amounts payable | 17/49 | €203,953 | €148,025 | -€55,928 | -27.4% |
| Amounts payable after more than one year | 17 | €45,280 | €20,767 | -€24,514 | -54.1% |
| Financial debts | 170/4 | €45,280 | €20,767 | -€24,514 | -54.1% |
| Amounts payable within one year | 42/48 | €158,672 | €127,258 | -€31,414 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €36,451 | €24,514 | -€11,938 | -32.7% |
| Trade debts | 44 | €6,608 | €7,761 | +€1,153 | +17.5% |
| Suppliers | 440/4 | €6,608 | €7,761 | +€1,153 | +17.5% |
| Advances received on contracts in progress | 46 | €5,174 | €1 | -€5,173 | -100.0% |
| Taxes, remuneration and social security | 45 | €12,650 | €11,171 | -€1,480 | -11.7% |
| Taxes | 450/3 | €6,016 | €8,896 | +€2,880 | +47.9% |
| Remuneration and social security | 454/9 | €6,634 | €2,274 | -€4,360 | -65.7% |
| Other amounts payable | 47/48 | €97,789 | €83,812 | -€13,978 | -14.3% |
| Remuneration, social security and pensions | 62 | €124,704 | €113,962 | -€10,742 | -8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €46,323 | €46,987 | +€664 | +1.4% |
| Other operating charges | 640/8 | €1,308 | €1,233 | -€75 | -5.7% |
| Non-recurring operating charges | 66A | €882 | €0 | -€882 | -100% |
| Gross operating margin | 9900 | €222,938 | €192,601 | -€30,337 | -13.6% |
| Operating profit (loss) | 9901 | €49,721 | €30,419 | -€19,302 | -38.8% |
| Financial income | 75/76B | €130 | €58 | -€72 | -55.6% |
| Recurring financial income | 75 | €130 | €58 | -€72 | -55.6% |
| Financial charges | 65/66B | €4,274 | €3,230 | -€1,045 | -24.4% |
| Recurring financial charges | 65 | €4,274 | €3,230 | -€1,045 | -24.4% |
| Profit (loss) for the period before taxes | 9903 | €45,576 | €27,247 | -€18,329 | -40.2% |
| Income taxes | 67/77 | €13,512 | €7,900 | -€5,612 | -41.5% |
| Profit (loss) for the period | 9904 | €32,064 | €19,347 | -€12,717 | -39.7% |
| Profit (loss) for the period to be appropriated | 9905 | €32,064 | €19,347 | -€12,717 | -39.7% |
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 28 October 2026 via checked.be.