DJOE: 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.
DJOE
Largest movements
- Receivables after one year +€213,524
new in 2025: €213,524
- Receivables within one year +€95,367
up €95,367 (+154.4%), from €61,777 to €157,143
of which Trade receivables: +€103,226
- Cash -€6,656
down €6,656 (-19.8%), from €33,589 to €26,933
mainly Receivables after one year (-€213,524) and Receivables within one year (-€95,367)
- Tangible fixed assets +€6,561
up €6,561 (+91.7%), from €7,154 to €13,715
of which Furniture and vehicles: +€7,383
- Short-term financial debts +€240,000
new in 2025: €240,000
- Trade debts +€58,686
up €58,686 (+323.3%), from €18,150 to €76,835
- Reserves +€11,596
up €11,596 (+18.7%), from €61,995 to €73,590
- Staff costs -€41,506
down €41,506 (-86.8%), from €47,844 to €6,338
- Gross operating margin -€26,699
down €26,699 (-43.6%), from €61,175 to €34,476
- Financial charges +€5,027
up €5,027 (+330.2%), from €1,522 to €6,549
- Taxes +€3,302
up €3,302 (+127.5%), from €2,589 to €5,891
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 | €105,852 | €412,858 | +€307,006 | +290.0% |
| Fixed assets | 21/28 | €7,154 | €13,715 | +€6,561 | +91.7% |
| Tangible fixed assets | 22/27 | €7,154 | €13,715 | +€6,561 | +91.7% |
| Furniture and vehicles | 24 | €1,948 | €9,331 | +€7,383 | +378.9% |
| Other tangible fixed assets | 26 | €5,206 | €4,384 | -€822 | -15.8% |
| Current assets | 29/58 | €98,698 | €399,143 | +€300,445 | +304.4% |
| Amounts receivable after more than one year | 29 | - | €213,524 | +€213,524 | |
| Trade receivables | 290 | - | €213,524 | +€213,524 | |
| Amounts receivable within one year | 40/41 | €61,777 | €157,143 | +€95,367 | +154.4% |
| Trade receivables | 40 | €32,132 | €135,358 | +€103,226 | +321.3% |
| Other amounts receivable | 41 | €29,645 | €21,786 | -€7,859 | -26.5% |
| Cash at bank and in hand | 54/58 | €33,589 | €26,933 | -€6,656 | -19.8% |
| Deferred charges and accrued income | 490/1 | €3,332 | €1,543 | -€1,790 | -53.7% |
| Total equity and liabilities | 10/49 | €105,852 | €412,858 | +€307,006 | +290.0% |
| Equity | 10/15 | €80,595 | €92,190 | +€11,596 | +14.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €61,995 | €73,590 | +€11,596 | +18.7% |
| Distributable reserves | 133 | €61,995 | €73,590 | +€11,596 | +18.7% |
| Amounts payable | 17/49 | €25,258 | €320,668 | +€295,410 | +1169.6% |
| Amounts payable within one year | 42/48 | €25,258 | €320,668 | +€295,410 | +1169.6% |
| Financial debts | 43 | - | €240,000 | +€240,000 | |
| Credit institutions | 430/8 | - | €240,000 | +€240,000 | |
| Trade debts | 44 | €18,150 | €76,835 | +€58,686 | +323.3% |
| Suppliers | 440/4 | €18,150 | €76,835 | +€58,686 | +323.3% |
| Taxes, remuneration and social security | 45 | €7,108 | €3,833 | -€3,275 | -46.1% |
| Taxes | 450/3 | - | €3,833 | +€3,833 | |
| Remuneration and social security | 454/9 | €7,108 | - | -€7,108 | |
| Remuneration, social security and pensions | 62 | €47,844 | €6,338 | -€41,506 | -86.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,551 | €2,080 | -€471 | -18.5% |
| Other operating charges | 640/8 | €1,457 | €2,023 | +€566 | +38.8% |
| Gross operating margin | 9900 | €61,175 | €34,476 | -€26,699 | -43.6% |
| Operating profit (loss) | 9901 | €9,324 | €24,035 | +€14,712 | +157.8% |
| Financial charges | 65/66B | €1,522 | €6,549 | +€5,027 | +330.2% |
| Recurring financial charges | 65 | €1,522 | €6,549 | +€5,027 | +330.2% |
| Profit (loss) for the period before taxes | 9903 | €7,801 | €17,486 | +€9,685 | +124.1% |
| Income taxes | 67/77 | €2,589 | €5,891 | +€3,302 | +127.5% |
| Profit (loss) for the period | 9904 | €5,213 | €11,596 | +€6,383 | +122.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,213 | €11,596 | +€6,383 | +122.5% |
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 9 October 2026 via checked.be.