Dr. Jeunen: 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. Jeunen
Largest movements
- Current investments -€278,381
down €278,381 (-91.8%), from €303,381 to €25,000
- Cash +€178,622
up €178,622 (+502%), from €35,573 to €214,194
mainly Other debts (+€324,253) and Current investments (+€278,381)
- Receivables within one year -€10,505
down €10,505 (-8.6%), from €121,724 to €111,219
of which Other amounts receivable: -€31,665
- Reserves -€458,809
down €458,809 (-100%), from €458,809 to €0
- Other debts +€324,253
new in 2025: €324,253
- Tax, wage and social debts +€16,135
new in 2025: €16,135
- Gross operating margin +€20,715
up €20,715 (+18.4%), from €112,721 to €133,436
- Financial charges +€4,919
up €4,919 (+828%), from €594 to €5,513
- Taxes +€4,766
up €4,766 (+19.1%), from €24,931 to €29,697
- Other operating charges -€2,703
down €2,703 (-69.3%), from €3,898 to €1,195
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 | €474,280 | €360,223 | -€114,056 | -24.0% |
| Fixed assets | 21/28 | €13,602 | €9,810 | -€3,792 | -27.9% |
| Tangible fixed assets | 22/27 | €13,602 | €9,810 | -€3,792 | -27.9% |
| Furniture and vehicles | 24 | €13,602 | €9,810 | -€3,792 | -27.9% |
| Current assets | 29/58 | €460,678 | €350,414 | -€110,264 | -23.9% |
| Amounts receivable within one year | 40/41 | €121,724 | €111,219 | -€10,505 | -8.6% |
| Trade receivables | 40 | €70,329 | €91,489 | +€21,160 | +30.1% |
| Other amounts receivable | 41 | €51,395 | €19,730 | -€31,665 | -61.6% |
| Current investments | 50/53 | €303,381 | €25,000 | -€278,381 | -91.8% |
| Cash at bank and in hand | 54/58 | €35,573 | €214,194 | +€178,622 | +502% |
| Total equity and liabilities | 10/49 | €474,280 | €360,223 | -€114,056 | -24.0% |
| Equity | 10/15 | €461,309 | €2,500 | -€458,809 | -99.5% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Reserves | 13 | €458,809 | €0 | -€458,809 | -100% |
| Distributable reserves | 133 | €458,809 | €0 | -€458,809 | -100% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €12,971 | €357,723 | +€344,752 | +2,658% |
| Amounts payable within one year | 42/48 | €12,971 | €357,723 | +€344,752 | +2,658% |
| Trade debts | 44 | €12,971 | €17,336 | +€4,365 | +33.7% |
| Suppliers | 440/4 | €12,971 | €17,336 | +€4,365 | +33.7% |
| Taxes, remuneration and social security | 45 | - | €16,135 | +€16,135 | |
| Taxes | 450/3 | - | €16,135 | +€16,135 | |
| Other amounts payable | 47/48 | - | €324,253 | +€324,253 | |
| Remuneration, social security and pensions | 62 | €0 | €250 | +€250 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,469 | €3,792 | +€323 | +9.3% |
| Other operating charges | 640/8 | €3,898 | €1,195 | -€2,703 | -69.3% |
| Gross operating margin | 9900 | €112,721 | €133,436 | +€20,715 | +18.4% |
| Operating profit (loss) | 9901 | €105,354 | €128,198 | +€22,844 | +21.7% |
| Financial income | 75/76B | €5,396 | €5,896 | +€500 | +9.3% |
| Recurring financial income | 75 | €5,396 | €5,896 | +€500 | +9.3% |
| Financial charges | 65/66B | €594 | €5,513 | +€4,919 | +828% |
| Recurring financial charges | 65 | €594 | €5,513 | +€4,919 | +828% |
| Profit (loss) for the period before taxes | 9903 | €110,156 | €128,581 | +€18,425 | +16.7% |
| Income taxes | 67/77 | €24,931 | €29,697 | +€4,766 | +19.1% |
| Profit (loss) for the period | 9904 | €85,225 | €98,884 | +€13,660 | +16.0% |
| Profit (loss) for the period to be appropriated | 9905 | €85,225 | €98,884 | +€13,660 | +16.0% |
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 24 October 2026 via checked.be.