DR. JAN DEMOL: 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.
DR. JAN DEMOL
Largest movements
- Cash -€118,342
down €118,342 (-40.1%), from €294,996 to €176,654
mainly Other debts (-€136,318) and Contributions, distributions and other (-€105,282)
- Deferred charges and accrued income -€22,145
down €22,145 (-33.3%), from €66,514 to €44,369
- Receivables within one year +€19,097
new in 2025: €19,097
- Other debts -€136,318
down €136,318 (-37.6%), from €362,300 to €225,982
- Reserves +€35,372
up €35,372 (+3.8%), from €940,260 to €975,632
- Tax, wage and social debts -€24,393
down €24,393 (-81.1%), from €30,088 to €5,695
- Financial income -€78,233
down €78,233 (-98.6%), from €79,307 to €1,074
of which Non-recurring financial income: -€77,456
- Gross operating margin -€65,704
down €65,704 (-22.7%), from €289,316 to €223,612
- Taxes -€48,066
down €48,066 (-44.7%), from €107,534 to €59,469
- Financial charges +€8,379
up €8,379 (+75.0%), from €11,176 to €19,555
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 | €1,343,922 | €1,218,020 | -€125,902 | -9.4% |
| Fixed assets | 21/28 | €29,593 | €25,082 | -€4,512 | -15.2% |
| Tangible fixed assets | 22/27 | €29,593 | €24,782 | -€4,812 | -16.3% |
| Land and buildings | 22 | €24,397 | €22,503 | -€1,893 | -7.8% |
| Plant, machinery and equipment | 23 | €565 | €69 | -€496 | -87.7% |
| Other tangible fixed assets | 26 | €4,632 | €2,209 | -€2,423 | -52.3% |
| Financial fixed assets | 28 | - | €300 | +€300 | |
| Current assets | 29/58 | €1,314,329 | €1,192,938 | -€121,390 | -9.2% |
| Amounts receivable within one year | 40/41 | - | €19,097 | +€19,097 | |
| Other amounts receivable | 41 | - | €19,097 | +€19,097 | |
| Current investments | 50/53 | €952,819 | €952,819 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €294,996 | €176,654 | -€118,342 | -40.1% |
| Deferred charges and accrued income | 490/1 | €66,514 | €44,369 | -€22,145 | -33.3% |
| Total equity and liabilities | 10/49 | €1,343,922 | €1,218,020 | -€125,902 | -9.4% |
| Equity | 10/15 | €946,260 | €981,632 | +€35,372 | +3.7% |
| Contributions | 10/11 | €6,000 | €6,000 | = | 0.0% |
| Reserves | 13 | €940,260 | €975,632 | +€35,372 | +3.8% |
| Distributable reserves | 133 | €940,260 | €975,632 | +€35,372 | +3.8% |
| Amounts payable | 17/49 | €397,662 | €236,387 | -€161,274 | -40.6% |
| Amounts payable within one year | 42/48 | €392,694 | €231,889 | -€160,805 | -40.9% |
| Trade debts | 44 | €306 | €212 | -€94 | -30.8% |
| Suppliers | 440/4 | €306 | €212 | -€94 | -30.8% |
| Taxes, remuneration and social security | 45 | €30,088 | €5,695 | -€24,393 | -81.1% |
| Taxes | 450/3 | €30,088 | €5,695 | -€24,393 | -81.1% |
| Other amounts payable | 47/48 | €362,300 | €225,982 | -€136,318 | -37.6% |
| Accrued charges and deferred income | 492/3 | €4,968 | €4,498 | -€469 | -9.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,741 | €4,812 | -€929 | -16.2% |
| Other operating charges | 640/8 | €236 | €197 | -€39 | -16.5% |
| Gross operating margin | 9900 | €289,316 | €223,612 | -€65,704 | -22.7% |
| Operating profit (loss) | 9901 | €283,339 | €218,603 | -€64,735 | -22.8% |
| Financial income | 75/76B | €79,307 | €1,074 | -€78,233 | -98.6% |
| Recurring financial income | 75 | €1,851 | €1,074 | -€777 | -42.0% |
| Non-recurring financial income | 76B | €77,456 | - | -€77,456 | |
| Financial charges | 65/66B | €11,176 | €19,555 | +€8,379 | +75.0% |
| Recurring financial charges | 65 | €11,176 | €19,555 | +€8,379 | +75.0% |
| Profit (loss) for the period before taxes | 9903 | €351,469 | €200,122 | -€151,347 | -43.1% |
| Income taxes | 67/77 | €107,534 | €59,469 | -€48,066 | -44.7% |
| Profit (loss) for the period | 9904 | €243,935 | €140,654 | -€103,281 | -42.3% |
| Profit (loss) for the period to be appropriated | 9905 | €243,935 | €140,654 | -€103,281 | -42.3% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 October 2026 via checked.be.