DR.JAN MYNCKE: 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 MYNCKE
Largest movements
- Cash +€330,392
up €330,392 (+1,349%), from €24,499 to €354,891
mainly Net result for the year (+€203,257) and Current investments (+€88,408)
- Current investments -€88,408
down €88,408 (-16.1%), from €549,105 to €460,697
- Receivables within one year -€79,391
down €79,391 (-34.4%), from €230,488 to €151,097
of which Trade receivables: -€59,523
- Tangible fixed assets -€19,095
down €19,095 (-12.4%), from €153,767 to €134,673
of which Furniture and vehicles: -€18,686
- Reserves +€103,000
up €103,000 (+11.3%), from €912,000 to €1.0m
- Other debts +€68,446
up €68,446 (+8,556%), from €800 to €69,246
- Tax, wage and social debts -€17,340
down €17,340 (-50.5%), from €34,356 to €17,016
of which Taxes: -€10,615
- Gross operating margin -€91,483
down €91,483 (-24.6%), from €372,394 to €280,911
- Financial income +€16,937
up €16,937 (+100%), from €16,854 to €33,791
- Depreciation +€4,211
up €4,211 (+20.4%), from €20,637 to €24,849
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 | €957,859 | €1,105,090 | +€147,231 | +15.4% |
| Fixed assets | 21/28 | €153,767 | €134,673 | -€19,095 | -12.4% |
| Tangible fixed assets | 22/27 | €153,767 | €134,673 | -€19,095 | -12.4% |
| Land and buildings | 22 | €78,711 | €73,088 | -€5,622 | -7.1% |
| Plant, machinery and equipment | 23 | €885 | €6,099 | +€5,214 | +589% |
| Furniture and vehicles | 24 | €74,172 | €55,486 | -€18,686 | -25.2% |
| Current assets | 29/58 | €804,092 | €970,418 | +€166,326 | +20.7% |
| Amounts receivable within one year | 40/41 | €230,488 | €151,097 | -€79,391 | -34.4% |
| Trade receivables | 40 | €210,620 | €151,097 | -€59,523 | -28.3% |
| Other amounts receivable | 41 | €19,868 | - | -€19,868 | |
| Current investments | 50/53 | €549,105 | €460,697 | -€88,408 | -16.1% |
| Cash at bank and in hand | 54/58 | €24,499 | €354,891 | +€330,392 | +1,349% |
| Deferred charges and accrued income | 490/1 | - | €3,734 | +€3,734 | |
| Total equity and liabilities | 10/49 | €957,859 | €1,105,090 | +€147,231 | +15.4% |
| Equity | 10/15 | €913,937 | €1,016,361 | +€102,424 | +11.2% |
| Contributions | 10/11 | €600 | €600 | = | 0.0% |
| Reserves | 13 | €912,000 | €1,015,000 | +€103,000 | +11.3% |
| Distributable reserves | 133 | €912,000 | €1,015,000 | +€103,000 | +11.3% |
| Profit (loss) carried forward | 14 | €1,337 | €761 | -€576 | -43.1% |
| Amounts payable | 17/49 | €43,922 | €88,729 | +€44,807 | +102% |
| Amounts payable within one year | 42/48 | €43,922 | €88,729 | +€44,807 | +102% |
| Current portion of amounts payable after more than one year | 42 | €6,409 | - | -€6,409 | |
| Trade debts | 44 | €2,356 | €2,466 | +€110 | +4.7% |
| Suppliers | 440/4 | €2,356 | €2,466 | +€110 | +4.7% |
| Taxes, remuneration and social security | 45 | €34,356 | €17,016 | -€17,340 | -50.5% |
| Taxes | 450/3 | €27,631 | €17,016 | -€10,615 | -38.4% |
| Remuneration and social security | 454/9 | €6,725 | - | -€6,725 | |
| Other amounts payable | 47/48 | €800 | €69,246 | +€68,446 | +8,556% |
| Non-recurring operating income | 76A | €144,617 | - | -€144,617 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,637 | €24,849 | +€4,211 | +20.4% |
| Other operating charges | 640/8 | €2,009 | €2,067 | +€58 | +2.9% |
| Gross operating margin | 9900 | €372,394 | €280,911 | -€91,483 | -24.6% |
| Operating profit (loss) | 9901 | €349,748 | €253,996 | -€95,752 | -27.4% |
| Financial income | 75/76B | €16,854 | €33,791 | +€16,937 | +100% |
| Recurring financial income | 75 | €16,854 | €33,791 | +€16,937 | +100% |
| Financial charges | 65/66B | €918 | €184 | -€735 | -80.0% |
| Recurring financial charges | 65 | €918 | €184 | -€735 | -80.0% |
| Profit (loss) for the period before taxes | 9903 | €365,683 | €287,603 | -€78,081 | -21.4% |
| Income taxes | 67/77 | €80,786 | €84,346 | +€3,560 | +4.4% |
| Profit (loss) for the period | 9904 | €284,898 | €203,257 | -€81,641 | -28.7% |
| Profit (loss) for the period to be appropriated | 9905 | €284,898 | €203,257 | -€81,641 | -28.7% |
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 25 October 2026 via checked.be.