DIRK DEJONCKHEERE: 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.
DIRK DEJONCKHEERE
Largest movements
- Current investments +€200,689
up €200,689 (+66.8%), from €300,255 to €500,943
- Tangible fixed assets -€51,586
down €51,586 (-15.6%), from €329,804 to €278,218
of which Other tangible fixed assets: -€31,728
- Stocks and contracts +€46,355
up €46,355 (+13.7%), from €337,951 to €384,305
- Cash -€39,247
down €39,247 (-37.1%), from €105,690 to €66,443
mainly Current investments (-€200,689) and Stocks and contracts (-€46,355)
- Receivables within one year +€14,318
up €14,318 (+15.0%), from €95,251 to €109,569
of which Trade receivables: +€9,914
- Reserves +€200,770
up €200,770 (+21.7%), from €926,606 to €1.1m
of which Distributable reserves: +€200,770
- Debts after one year -€16,172
down €16,172 (-28.1%), from €57,611 to €41,440
- Trade debts -€15,000
down €15,000 (-49.0%), from €30,587 to €15,587
- Staff costs +€43,726
up €43,726 (+35.7%), from €122,617 to €166,343
- Gross operating margin +€39,490
up €39,490 (+7.3%), from €540,026 to €579,516
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 | €1,176,779 | €1,347,679 | +€170,900 | +14.5% |
| Fixed assets | 21/28 | €329,804 | €278,218 | -€51,586 | -15.6% |
| Tangible fixed assets | 22/27 | €329,804 | €278,218 | -€51,586 | -15.6% |
| Land and buildings | 22 | €26,563 | €22,086 | -€4,477 | -16.9% |
| Plant, machinery and equipment | 23 | €61,052 | €45,821 | -€15,232 | -24.9% |
| Furniture and vehicles | 24 | €96,906 | €96,757 | -€149 | -0.2% |
| Other tangible fixed assets | 26 | €145,283 | €113,554 | -€31,728 | -21.8% |
| Current assets | 29/58 | €846,975 | €1,069,461 | +€222,485 | +26.3% |
| Stocks and contracts in progress | 3 | €337,951 | €384,305 | +€46,355 | +13.7% |
| Stocks | 30/36 | €337,951 | €384,305 | +€46,355 | +13.7% |
| Amounts receivable within one year | 40/41 | €95,251 | €109,569 | +€14,318 | +15.0% |
| Trade receivables | 40 | €91,556 | €101,470 | +€9,914 | +10.8% |
| Other amounts receivable | 41 | €3,696 | €8,099 | +€4,404 | +119% |
| Current investments | 50/53 | €300,255 | €500,943 | +€200,689 | +66.8% |
| Cash at bank and in hand | 54/58 | €105,690 | €66,443 | -€39,247 | -37.1% |
| Deferred charges and accrued income | 490/1 | €7,829 | €8,200 | +€371 | +4.7% |
| Total equity and liabilities | 10/49 | €1,176,779 | €1,347,679 | +€170,900 | +14.5% |
| Equity | 10/15 | €988,606 | €1,189,375 | +€200,770 | +20.3% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €926,606 | €1,127,375 | +€200,770 | +21.7% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €920,406 | €1,121,175 | +€200,770 | +21.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €188,174 | €158,304 | -€29,870 | -15.9% |
| Amounts payable after more than one year | 17 | €57,611 | €41,440 | -€16,172 | -28.1% |
| Financial debts | 170/4 | €57,611 | €41,440 | -€16,172 | -28.1% |
| Amounts payable within one year | 42/48 | €130,562 | €116,839 | -€13,723 | -10.5% |
| Current portion of amounts payable after more than one year | 42 | €15,945 | €16,172 | +€226 | +1.4% |
| Trade debts | 44 | €30,587 | €15,587 | -€15,000 | -49.0% |
| Suppliers | 440/4 | €30,587 | €15,587 | -€15,000 | -49.0% |
| Taxes, remuneration and social security | 45 | €57,709 | €57,011 | -€698 | -1.2% |
| Taxes | 450/3 | €32,444 | €30,936 | -€1,508 | -4.6% |
| Remuneration and social security | 454/9 | €25,264 | €26,075 | +€810 | +3.2% |
| Other amounts payable | 47/48 | €26,321 | €28,069 | +€1,748 | +6.6% |
| Accrued charges and deferred income | 492/3 | - | €25 | +€25 | |
| Non-recurring operating income | 76A | - | €1,300 | +€1,300 | |
| Remuneration, social security and pensions | 62 | €122,617 | €166,343 | +€43,726 | +35.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,280 | €93,079 | -€5,201 | -5.3% |
| Other operating charges | 640/8 | €6,782 | €3,554 | -€3,228 | -47.6% |
| Gross operating margin | 9900 | €540,026 | €579,516 | +€39,490 | +7.3% |
| Operating profit (loss) | 9901 | €312,348 | €316,540 | +€4,192 | +1.3% |
| Financial income | 75/76B | €11,358 | €14,322 | +€2,964 | +26.1% |
| Recurring financial income | 75 | €11,358 | €14,322 | +€2,964 | +26.1% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €6,199 | €5,983 | -€216 | -3.5% |
| Recurring financial charges | 65 | €6,199 | €5,983 | -€216 | -3.5% |
| Profit (loss) for the period before taxes | 9903 | €317,507 | €324,879 | +€7,372 | +2.3% |
| Income taxes | 67/77 | €97,944 | €100,803 | +€2,859 | +2.9% |
| Profit (loss) for the period | 9904 | €219,563 | €224,076 | +€4,513 | +2.1% |
| Profit (loss) for the period to be appropriated | 9905 | €219,563 | €224,076 | +€4,513 | +2.1% |
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 21 October 2026 via checked.be.