DR. JAN VAN LANGENDONCK: 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 VAN LANGENDONCK
Largest movements
- Cash +€315,313
up €315,313 (+456%), from €69,073 to €384,386
mainly Current investments (+€186,942) and Net result for the year (+€173,475)
- Current investments -€186,942
down €186,942 (-59.7%), from €313,355 to €126,413
- Receivables within one year -€70,901
down €70,901 (-58.1%), from €122,093 to €51,192
of which Other amounts receivable: -€65,962
- Deferred charges and accrued income +€24,427
up €24,427 (+223%), from €10,938 to €35,365
- Receivables after one year -€14,923
no longer reported in 2025 (was €14,923)
- Other debts +€104,440
up €104,440 (+200%), from €52,345 to €156,785
- Reserves -€71,935
down €71,935 (-15.5%), from €464,399 to €392,464
- Tax, wage and social debts +€32,329
up €32,329 (+443%), from €7,292 to €39,621
of which Taxes: +€36,866
- Gross operating margin +€104,809
up €104,809 (+52.8%), from €198,436 to €303,245
- Taxes +€28,021
up €28,021 (+57.3%), from €48,878 to €76,900
- Other operating charges +€20,335
up €20,335 (+42.8%), from €47,542 to €67,877
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 | €543,147 | €609,365 | +€66,218 | +12.2% |
| Fixed assets | 21/28 | €12,765 | €12,008 | -€757 | -5.9% |
| Tangible fixed assets | 22/27 | €12,685 | €11,908 | -€777 | -6.1% |
| Land and buildings | 22 | €4,037 | €3,332 | -€705 | -17.5% |
| Plant, machinery and equipment | 23 | €8,440 | €7,069 | -€1,371 | -16.2% |
| Furniture and vehicles | 24 | €207 | €1,507 | +€1,300 | +628% |
| Financial fixed assets | 28 | €80 | €100 | +€20 | +25.0% |
| Current assets | 29/58 | €530,383 | €597,357 | +€66,974 | +12.6% |
| Amounts receivable after more than one year | 29 | €14,923 | - | -€14,923 | |
| Other amounts receivable | 291 | €14,923 | - | -€14,923 | |
| Amounts receivable within one year | 40/41 | €122,093 | €51,192 | -€70,901 | -58.1% |
| Trade receivables | 40 | €4,939 | - | -€4,939 | |
| Other amounts receivable | 41 | €117,154 | €51,192 | -€65,962 | -56.3% |
| Current investments | 50/53 | €313,355 | €126,413 | -€186,942 | -59.7% |
| Cash at bank and in hand | 54/58 | €69,073 | €384,386 | +€315,313 | +456% |
| Deferred charges and accrued income | 490/1 | €10,938 | €35,365 | +€24,427 | +223% |
| Total equity and liabilities | 10/49 | €543,147 | €609,365 | +€66,218 | +12.2% |
| Equity | 10/15 | €482,999 | €411,064 | -€71,935 | -14.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €464,399 | €392,464 | -€71,935 | -15.5% |
| Distributable reserves | 133 | €464,399 | €392,464 | -€71,935 | -15.5% |
| Amounts payable | 17/49 | €60,148 | €198,301 | +€138,153 | +230% |
| Amounts payable within one year | 42/48 | €60,089 | €198,301 | +€138,212 | +230% |
| Trade debts | 44 | €452 | €1,895 | +€1,443 | +319% |
| Suppliers | 440/4 | €452 | €1,895 | +€1,443 | +319% |
| Taxes, remuneration and social security | 45 | €7,292 | €39,621 | +€32,329 | +443% |
| Taxes | 450/3 | €2,755 | €39,621 | +€36,866 | +1,338% |
| Remuneration and social security | 454/9 | €4,537 | - | -€4,537 | |
| Other amounts payable | 47/48 | €52,345 | €156,785 | +€104,440 | +200% |
| Accrued charges and deferred income | 492/3 | €59 | - | -€59 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,916 | €2,335 | -€1,581 | -40.4% |
| Other operating charges | 640/8 | €47,542 | €67,877 | +€20,335 | +42.8% |
| Gross operating margin | 9900 | €198,436 | €303,245 | +€104,809 | +52.8% |
| Operating profit (loss) | 9901 | €146,977 | €233,032 | +€86,055 | +58.5% |
| Financial income | 75/76B | €19,862 | €18,961 | -€901 | -4.5% |
| Recurring financial income | 75 | €19,862 | €18,961 | -€901 | -4.5% |
| Financial charges | 65/66B | €1,061 | €1,618 | +€557 | +52.5% |
| Recurring financial charges | 65 | €1,061 | €1,618 | +€557 | +52.5% |
| Profit (loss) for the period before taxes | 9903 | €165,778 | €250,374 | +€84,597 | +51.0% |
| Income taxes | 67/77 | €48,878 | €76,900 | +€28,021 | +57.3% |
| Profit (loss) for the period | 9904 | €116,899 | €173,475 | +€56,576 | +48.4% |
| Profit (loss) for the period to be appropriated | 9905 | €116,899 | €173,475 | +€56,576 | +48.4% |
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 30 October 2026 via checked.be.