DR.JOUWENA: what changed
DR.JOUWENA
Largest movements
- Current investments -€330,000
down €330,000 (-100%), from €330,000 to €0
- Cash +€94,546
up €94,546 (+119%), from €79,353 to €173,899
mainly Current investments (+€330,000) and Net result for the year (+€130,050)
- Receivables after one year +€30,844
up €30,844 (+11.3%), from €272,055 to €302,899
- Deferred charges and accrued income -€12,855
down €12,855 (-41.5%), from €30,965 to €18,110
- Tangible fixed assets -€8,687
down €8,687 (-23.9%), from €36,406 to €27,719
of which Furniture and vehicles: -€7,728
- Reserves -€235,431
down €235,431 (-33.2%), from €710,053 to €474,622
of which Distributable reserves: -€217,549
- Tax, wage and social debts +€9,082
up €9,082 (+52.3%), from €17,350 to €26,432
of which Taxes: +€12,209
- Financial income +€16,855
up €16,855 (+2,534%), from €665 to €17,520
- Taxes +€13,659
up €13,659 (+26.4%), from €51,750 to €65,409
- Depreciation -€7,341
down €7,341 (-45.8%), from €16,028 to €8,687
- Gross operating margin -€6,332
down €6,332 (-2.9%), from €215,136 to €208,804
- Staff costs -€4,948
down €4,948 (-19.7%), from €25,079 to €20,131
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €748,986 | €522,627 | -€226,360 | -30.2% |
| Fixed assets | 21/28 | €36,406 | €27,719 | -€8,687 | -23.9% |
| Tangible fixed assets | 22/27 | €36,406 | €27,719 | -€8,687 | -23.9% |
| Land and buildings | 22 | €5,057 | €4,097 | -€959 | -19.0% |
| Furniture and vehicles | 24 | €31,349 | €23,622 | -€7,728 | -24.6% |
| Current assets | 29/58 | €712,580 | €494,908 | -€217,673 | -30.5% |
| Amounts receivable after more than one year | 29 | €272,055 | €302,899 | +€30,844 | +11.3% |
| Other amounts receivable | 291 | €272,055 | €302,899 | +€30,844 | +11.3% |
| Amounts receivable within one year | 40/41 | €207 | €0 | -€207 | -100% |
| Trade receivables | 40 | €207 | €0 | -€207 | -100% |
| Current investments | 50/53 | €330,000 | €0 | -€330,000 | -100% |
| Cash at bank and in hand | 54/58 | €79,353 | €173,899 | +€94,546 | +119% |
| Deferred charges and accrued income | 490/1 | €30,965 | €18,110 | -€12,855 | -41.5% |
| Total equity and liabilities | 10/49 | €748,986 | €522,627 | -€226,360 | -30.2% |
| Equity | 10/15 | €730,053 | €494,622 | -€235,431 | -32.2% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €710,053 | €474,622 | -€235,431 | -33.2% |
| Non-distributable reserves | 130/1 | €19,882 | €2,000 | -€17,882 | -89.9% |
| Reserves not available under the articles | 1311 | €19,882 | - | -€19,882 | |
| Other | 1319 | - | €2,000 | +€2,000 | |
| Distributable reserves | 133 | €690,171 | €472,622 | -€217,549 | -31.5% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €18,933 | €28,004 | +€9,071 | +47.9% |
| Amounts payable within one year | 42/48 | €18,933 | €28,004 | +€9,071 | +47.9% |
| Trade debts | 44 | €410 | €399 | -€11 | -2.7% |
| Suppliers | 440/4 | €410 | €399 | -€11 | -2.7% |
| Taxes, remuneration and social security | 45 | €17,350 | €26,432 | +€9,082 | +52.3% |
| Taxes | 450/3 | €14,092 | €26,301 | +€12,209 | +86.6% |
| Remuneration and social security | 454/9 | €3,258 | €131 | -€3,127 | -96.0% |
| Other amounts payable | 47/48 | €1,174 | €1,174 | = | 0.0% |
| Non-recurring operating income | 76A | €5,750 | €0 | -€5,750 | -100% |
| Remuneration, social security and pensions | 62 | €25,079 | €20,131 | -€4,948 | -19.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,028 | €8,687 | -€7,341 | -45.8% |
| Other operating charges | 640/8 | €2,188 | €1,545 | -€643 | -29.4% |
| Non-recurring operating charges | 66A | €14,535 | €0 | -€14,535 | -100% |
| Gross operating margin | 9900 | €215,136 | €208,804 | -€6,332 | -2.9% |
| Operating profit (loss) | 9901 | €157,306 | €178,441 | +€21,135 | +13.4% |
| Financial income | 75/76B | €665 | €17,520 | +€16,855 | +2,534% |
| Recurring financial income | 75 | €665 | €17,520 | +€16,855 | +2,534% |
| Financial charges | 65/66B | €333 | €502 | +€170 | +51.0% |
| Recurring financial charges | 65 | €333 | €502 | +€170 | +51.0% |
| Profit (loss) for the period before taxes | 9903 | €157,638 | €195,459 | +€37,821 | +24.0% |
| Income taxes | 67/77 | €51,750 | €65,409 | +€13,659 | +26.4% |
| Profit (loss) for the period | 9904 | €105,888 | €130,050 | +€24,162 | +22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €105,888 | €130,050 | +€24,162 | +22.8% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 5 November 2026 via checked.be.