Dr. Jan Donck: 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 Donck
Largest movements
- Cash +€287,731
up €287,731 (+206%), from €139,871 to €427,602
mainly Net result for the year (+€270,346) and Receivables within one year (+€197,788)
- Receivables within one year -€197,788
down €197,788 (-99.0%), from €199,685 to €1,897
of which Other amounts receivable: -€199,022
- Current investments +€43,122
up €43,122 (+10.4%), from €413,869 to €456,991
- Tangible fixed assets -€20,821
down €20,821 (-22.0%), from €94,609 to €73,788
of which Furniture and vehicles: -€17,545
- Tax, wage and social debts +€77,312
up €77,312, from €0 to €77,312
- Reserves +€65,660
up €65,660 (+6.8%), from €958,556 to €1.0m
- Contributions -€12,400
down €12,400 (-100%), from €12,400 to €0
- Gross operating margin +€229,233
up €229,233 (+123%), from €187,114 to €416,348
- Taxes +€74,492
up €74,492 (+135%), from €54,984 to €129,477
- Financial charges +€6,426
up €6,426, from -€5,395 to €1,032
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 | €1,009,987 | €1,129,801 | +€119,814 | +11.9% |
| Fixed assets | 21/28 | €94,609 | €73,788 | -€20,821 | -22.0% |
| Tangible fixed assets | 22/27 | €94,609 | €73,788 | -€20,821 | -22.0% |
| Plant, machinery and equipment | 23 | €1,589 | €608 | -€981 | -61.7% |
| Furniture and vehicles | 24 | €48,437 | €30,892 | -€17,545 | -36.2% |
| Other tangible fixed assets | 26 | €44,583 | €42,288 | -€2,295 | -5.1% |
| Current assets | 29/58 | €915,377 | €1,056,013 | +€140,635 | +15.4% |
| Amounts receivable within one year | 40/41 | €199,685 | €1,897 | -€197,788 | -99.0% |
| Trade receivables | 40 | - | €1,235 | +€1,235 | |
| Other amounts receivable | 41 | €199,685 | €663 | -€199,022 | -99.7% |
| Current investments | 50/53 | €413,869 | €456,991 | +€43,122 | +10.4% |
| Cash at bank and in hand | 54/58 | €139,871 | €427,602 | +€287,731 | +206% |
| Deferred charges and accrued income | 490/1 | €161,953 | €169,522 | +€7,570 | +4.7% |
| Total equity and liabilities | 10/49 | €1,009,987 | €1,129,801 | +€119,814 | +11.9% |
| Equity | 10/15 | €970,956 | €1,024,216 | +€53,260 | +5.5% |
| Contributions | 10/11 | €12,400 | €0 | -€12,400 | -100% |
| Reserves | 13 | €958,556 | €1,024,216 | +€65,660 | +6.8% |
| Distributable reserves | 133 | €958,556 | €1,024,216 | +€65,660 | +6.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €39,030 | €105,585 | +€66,554 | +171% |
| Amounts payable after more than one year | 17 | €7,396 | €0 | -€7,396 | -100% |
| Financial debts | 170/4 | €7,396 | €0 | -€7,396 | -100% |
| Amounts payable within one year | 42/48 | €31,635 | €105,585 | +€73,950 | +234% |
| Current portion of amounts payable after more than one year | 42 | €14,717 | €7,396 | -€7,321 | -49.7% |
| Financial debts | 43 | €13,961 | €12,644 | -€1,317 | -9.4% |
| Credit institutions | 430/8 | €13,961 | €12,644 | -€1,317 | -9.4% |
| Trade debts | 44 | €2,957 | €1,032 | -€1,925 | -65.1% |
| Suppliers | 440/4 | €2,957 | €1,032 | -€1,925 | -65.1% |
| Taxes, remuneration and social security | 45 | €0 | €77,312 | +€77,312 | |
| Taxes | 450/3 | €0 | €77,312 | +€77,312 | |
| Other amounts payable | 47/48 | €0 | €7,201 | +€7,201 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,633 | €20,821 | -€812 | -3.8% |
| Other operating charges | 640/8 | €1,935 | €1,890 | -€45 | -2.3% |
| Gross operating margin | 9900 | €187,114 | €416,348 | +€229,233 | +123% |
| Operating profit (loss) | 9901 | €163,546 | €393,637 | +€230,091 | +141% |
| Financial income | 75/76B | €4,164 | €7,217 | +€3,053 | +73.3% |
| Recurring financial income | 75 | €4,164 | €7,217 | +€3,053 | +73.3% |
| Financial charges | 65/66B | -€5,395 | €1,032 | +€6,426 | |
| Recurring financial charges | 65 | -€5,395 | €1,032 | +€6,426 | |
| Profit (loss) for the period before taxes | 9903 | €173,105 | €399,823 | +€226,718 | +131% |
| Income taxes | 67/77 | €54,984 | €129,477 | +€74,492 | +135% |
| Profit (loss) for the period | 9904 | €118,120 | €270,346 | +€152,225 | +129% |
| Profit (loss) for the period to be appropriated | 9905 | €118,120 | €270,346 | +€152,225 | +129% |
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 17 October 2026 via checked.be.