DON JON: 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.
DON JON
Largest movements
- Tangible fixed assets +€927,758
up €927,758 (+476%), from €194,904 to €1.1m
of which Land and buildings: +€941,565
- Receivables within one year +€173,186
up €173,186 (+2,127%), from €8,142 to €181,328
of which Other amounts receivable: +€175,244
- Deferred charges and accrued income +€17,559
up €17,559 (+158%), from €11,120 to €28,679
- Debts after one year +€714,842
up €714,842 (+289%), from €247,684 to €962,526
of which Financial debts: +€724,192
- Short-term financial debts +€158,360
up €158,360 (+20,275%), from €781 to €159,141
- Profit (loss) carried forward +€120,123
up €120,123 (+86.1%), from -€139,541 to -€19,418
- Other debts +€74,507
up €74,507 (+3,674%), from €2,028 to €76,535
- Current portion of long-term debt +€40,000
up €40,000 (+237%), from €16,909 to €56,908
- Gross operating margin +€75,254
up €75,254 (+17.0%), from €441,493 to €516,747
- Staff costs +€63,289
up €63,289 (+25.1%), from €252,644 to €315,932
- Depreciation +€21,470
up €21,470 (+57.9%), from €37,073 to €58,544
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 | €245,699 | €1,363,007 | +€1.1m | +455% |
| Fixed assets | 21/28 | €194,904 | €1,122,661 | +€927,758 | +476% |
| Tangible fixed assets | 22/27 | €194,904 | €1,122,661 | +€927,758 | +476% |
| Land and buildings | 22 | €58,757 | €1,000,321 | +€941,565 | +1,602% |
| Plant, machinery and equipment | 23 | €57,851 | €42,653 | -€15,199 | -26.3% |
| Furniture and vehicles | 24 | €78,296 | €79,687 | +€1,391 | +1.8% |
| Current assets | 29/58 | €50,795 | €240,346 | +€189,551 | +373% |
| Stocks and contracts in progress | 3 | €25,000 | €25,000 | = | 0.0% |
| Stocks | 30/36 | €25,000 | €25,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €8,142 | €181,328 | +€173,186 | +2,127% |
| Trade receivables | 40 | €8,048 | €5,990 | -€2,058 | -25.6% |
| Other amounts receivable | 41 | €94 | €175,338 | +€175,244 | +186,668% |
| Cash at bank and in hand | 54/58 | €6,533 | €5,339 | -€1,194 | -18.3% |
| Deferred charges and accrued income | 490/1 | €11,120 | €28,679 | +€17,559 | +158% |
| Total equity and liabilities | 10/49 | €245,699 | €1,363,007 | +€1.1m | +455% |
| Equity | 10/15 | -€120,941 | -€818 | +€120,123 | +99.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€139,541 | -€19,418 | +€120,123 | +86.1% |
| Amounts payable | 17/49 | €366,640 | €1,363,825 | +€997,185 | +272% |
| Amounts payable after more than one year | 17 | €247,684 | €962,526 | +€714,842 | +289% |
| Financial debts | 170/4 | €84,017 | €808,209 | +€724,192 | +862% |
| Other amounts payable | 178/9 | €163,667 | €154,317 | -€9,350 | -5.7% |
| Amounts payable within one year | 42/48 | €78,004 | €372,367 | +€294,363 | +377% |
| Current portion of amounts payable after more than one year | 42 | €16,909 | €56,908 | +€40,000 | +237% |
| Financial debts | 43 | €781 | €159,141 | +€158,360 | +20,275% |
| Credit institutions | 430/8 | €781 | €159,141 | +€158,360 | +20,275% |
| Trade debts | 44 | €28,499 | €39,715 | +€11,216 | +39.4% |
| Suppliers | 440/4 | €28,499 | €39,715 | +€11,216 | +39.4% |
| Taxes, remuneration and social security | 45 | €29,787 | €40,067 | +€10,279 | +34.5% |
| Taxes | 450/3 | €6,566 | €0 | -€6,566 | -100% |
| Remuneration and social security | 454/9 | €23,221 | €40,067 | +€16,845 | +72.5% |
| Other amounts payable | 47/48 | €2,028 | €76,535 | +€74,507 | +3,674% |
| Accrued charges and deferred income | 492/3 | €40,952 | €28,933 | -€12,020 | -29.4% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €252,644 | €315,932 | +€63,289 | +25.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,073 | €58,544 | +€21,470 | +57.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €5,476 | €9,624 | +€4,148 | +75.7% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €441,493 | €516,747 | +€75,254 | +17.0% |
| Operating profit (loss) | 9901 | €146,300 | €132,647 | -€13,653 | -9.3% |
| Financial income | 75/76B | €1 | €2 | +€1 | +41.8% |
| Recurring financial income | 75 | €1 | €2 | +€1 | +41.8% |
| Financial charges | 65/66B | €8,535 | €12,526 | +€3,991 | +46.8% |
| Recurring financial charges | 65 | €8,535 | €12,526 | +€3,991 | +46.8% |
| Profit (loss) for the period before taxes | 9903 | €137,766 | €120,123 | -€17,643 | -12.8% |
| Profit (loss) for the period | 9904 | €137,766 | €120,123 | -€17,643 | -12.8% |
| Profit (loss) for the period to be appropriated | 9905 | €137,766 | €120,123 | -€17,643 | -12.8% |
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 26 October 2026 via checked.be.