De Jure: what changed
De Jure
Largest movements
- Tangible fixed assets +€146,364
up €146,364 (+1,233%), from €11,870 to €158,233
of which Land and buildings: +€148,151
- Current investments -€78,423
down €78,423 (-100%), from €78,423 to €0
- Cash -€20,801
down €20,801 (-16.1%), from €129,194 to €108,394
mainly Investment in fixed assets (net) (-€148,551) and Contributions, distributions and other (-€45,053)
- Deferred charges and accrued income -€11,090
down €11,090 (-14.6%), from €75,772 to €64,681
- Receivables within one year +€6,426
up €6,426 (+40.2%), from €15,997 to €22,423
of which Trade receivables: +€6,126
- Reserves +€29,354
up €29,354 (+11.7%), from €250,196 to €279,550
- Other debts +€15,188
up €15,188 (+37.9%), from €40,025 to €55,213
- Tax, wage and social debts -€8,013
down €8,013 (-52.7%), from €15,200 to €7,186
of which Taxes: -€6,295
- Trade debts +€5,979
up €5,979 (+384%), from €1,559 to €7,538
- Gross operating margin +€10,949
up €10,949 (+12.4%), from €87,973 to €98,922
- Financial income +€8,863
up €8,863 (+227%), from €3,900 to €12,764
- Financial charges +€6,733
up €6,733 (+649%), from €1,038 to €7,771
- Depreciation -€6,038
down €6,038 (-73.4%), from €8,225 to €2,188
- Taxes +€3,473
up €3,473 (+15.3%), from €22,710 to €26,182
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €311,255 | €353,731 | +€42,476 | +13.6% |
| Fixed assets | 21/28 | €11,870 | €158,233 | +€146,364 | +1,233% |
| Tangible fixed assets | 22/27 | €11,870 | €158,233 | +€146,364 | +1,233% |
| Land and buildings | 22 | - | €148,151 | +€148,151 | |
| Plant, machinery and equipment | 23 | - | €2,031 | +€2,031 | |
| Furniture and vehicles | 24 | €6,060 | €2,055 | -€4,005 | -66.1% |
| Other tangible fixed assets | 26 | €5,809 | €4,798 | -€1,012 | -17.4% |
| Assets under construction and advance payments | 27 | - | €1,198 | +€1,198 | |
| Current assets | 29/58 | €299,386 | €195,498 | -€103,888 | -34.7% |
| Amounts receivable within one year | 40/41 | €15,997 | €22,423 | +€6,426 | +40.2% |
| Trade receivables | 40 | €15,997 | €22,123 | +€6,126 | +38.3% |
| Other amounts receivable | 41 | - | €300 | +€300 | |
| Current investments | 50/53 | €78,423 | €0 | -€78,423 | -100% |
| Cash at bank and in hand | 54/58 | €129,194 | €108,394 | -€20,801 | -16.1% |
| Deferred charges and accrued income | 490/1 | €75,772 | €64,681 | -€11,090 | -14.6% |
| Total equity and liabilities | 10/49 | €311,255 | €353,731 | +€42,476 | +13.6% |
| Equity | 10/15 | €251,196 | €280,550 | +€29,354 | +11.7% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €250,196 | €279,550 | +€29,354 | +11.7% |
| Distributable reserves | 133 | €250,196 | €279,550 | +€29,354 | +11.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €60,059 | €73,181 | +€13,122 | +21.8% |
| Amounts payable within one year | 42/48 | €59,808 | €72,958 | +€13,150 | +22.0% |
| Financial debts | 43 | €3,025 | €3,021 | -€4 | -0.1% |
| Credit institutions | 430/8 | €3,025 | €3,021 | -€4 | -0.1% |
| Trade debts | 44 | €1,559 | €7,538 | +€5,979 | +384% |
| Suppliers | 440/4 | €1,559 | €7,538 | +€5,979 | +384% |
| Taxes, remuneration and social security | 45 | €15,200 | €7,186 | -€8,013 | -52.7% |
| Taxes | 450/3 | €13,481 | €7,186 | -€6,295 | -46.7% |
| Remuneration and social security | 454/9 | €1,718 | €0 | -€1,718 | -100% |
| Other amounts payable | 47/48 | €40,025 | €55,213 | +€15,188 | +37.9% |
| Accrued charges and deferred income | 492/3 | €251 | €223 | -€28 | -11.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,225 | €2,188 | -€6,038 | -73.4% |
| Other operating charges | 640/8 | €2,161 | €1,138 | -€1,023 | -47.3% |
| Gross operating margin | 9900 | €87,973 | €98,922 | +€10,949 | +12.4% |
| Operating profit (loss) | 9901 | €77,587 | €95,597 | +€18,010 | +23.2% |
| Financial income | 75/76B | €3,900 | €12,764 | +€8,863 | +227% |
| Recurring financial income | 75 | €3,900 | €12,764 | +€8,863 | +227% |
| Financial charges | 65/66B | €1,038 | €7,771 | +€6,733 | +649% |
| Recurring financial charges | 65 | €1,038 | €7,771 | +€6,733 | +649% |
| Profit (loss) for the period before taxes | 9903 | €80,450 | €100,589 | +€20,140 | +25.0% |
| Income taxes | 67/77 | €22,710 | €26,182 | +€3,473 | +15.3% |
| Profit (loss) for the period | 9904 | €57,740 | €74,407 | +€16,667 | +28.9% |
| Profit (loss) for the period to be appropriated | 9905 | €57,740 | €74,407 | +€16,667 | +28.9% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.