DR. MC. DE JAEGER: 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. MC. DE JAEGER
Largest movements
- Current investments +€114,549
new in 2025: €114,549
- Cash -€90,331
down €90,331 (-44.1%), from €204,996 to €114,664
mainly Current investments (-€114,549) and Contributions, distributions and other (-€78,510)
- Tangible fixed assets -€24,840
down €24,840 (-19.6%), from €126,472 to €101,632
of which Land and buildings: -€24,058
- Tax, wage and social debts +€7,433
up €7,433 (+127%), from €5,865 to €13,298
- Other debts -€7,029
down €7,029 (-38.5%), from €18,253 to €11,224
- Gross operating margin +€62,846
up €62,846 (+100%), from €62,756 to €125,602
- Taxes +€18,717
up €18,717 (+172%), from €10,865 to €29,582
- Financial income +€4,089
up €4,089 (+979%), from €418 to €4,507
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 | €331,467 | €330,845 | -€623 | -0.2% |
| Fixed assets | 21/28 | €126,472 | €101,632 | -€24,840 | -19.6% |
| Tangible fixed assets | 22/27 | €126,472 | €101,632 | -€24,840 | -19.6% |
| Land and buildings | 22 | €124,827 | €100,769 | -€24,058 | -19.3% |
| Plant, machinery and equipment | 23 | €0 | €0 | = | 0.0% |
| Furniture and vehicles | 24 | €1,645 | €863 | -€782 | -47.5% |
| Current assets | 29/58 | €204,996 | €229,213 | +€24,217 | +11.8% |
| Current investments | 50/53 | - | €114,549 | +€114,549 | |
| Cash at bank and in hand | 54/58 | €204,996 | €114,664 | -€90,331 | -44.1% |
| Total equity and liabilities | 10/49 | €331,467 | €330,845 | -€623 | -0.2% |
| Equity | 10/15 | €306,958 | €303,647 | -€3,312 | -1.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €294,558 | €291,247 | -€3,312 | -1.1% |
| Non-distributable reserves | 130/1 | €2,623 | €2,623 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,623 | €2,623 | = | 0.0% |
| Distributable reserves | 133 | €291,936 | €288,624 | -€3,312 | -1.1% |
| Amounts payable | 17/49 | €24,509 | €27,198 | +€2,689 | +11.0% |
| Amounts payable within one year | 42/48 | €24,509 | €27,198 | +€2,689 | +11.0% |
| Trade debts | 44 | €391 | €2,676 | +€2,285 | +585% |
| Suppliers | 440/4 | €391 | €2,676 | +€2,285 | +585% |
| Taxes, remuneration and social security | 45 | €5,865 | €13,298 | +€7,433 | +127% |
| Taxes | 450/3 | €5,865 | €13,298 | +€7,433 | +127% |
| Other amounts payable | 47/48 | €18,253 | €11,224 | -€7,029 | -38.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,969 | €24,840 | -€129 | -0.5% |
| Other operating charges | 640/8 | €699 | €409 | -€290 | -41.5% |
| Gross operating margin | 9900 | €62,756 | €125,602 | +€62,846 | +100% |
| Operating profit (loss) | 9901 | €37,088 | €100,354 | +€63,266 | +171% |
| Financial income | 75/76B | €418 | €4,507 | +€4,089 | +979% |
| Recurring financial income | 75 | €418 | €4,507 | +€4,089 | +979% |
| Financial charges | 65/66B | €198 | €80 | -€118 | -59.8% |
| Recurring financial charges | 65 | €198 | €80 | -€118 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €37,308 | €104,781 | +€67,473 | +181% |
| Income taxes | 67/77 | €10,865 | €29,582 | +€18,717 | +172% |
| Profit (loss) for the period | 9904 | €26,442 | €75,199 | +€48,756 | +184% |
| Profit (loss) for the period to be appropriated | 9905 | €26,442 | €75,199 | +€48,756 | +184% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 27 October 2026 via checked.be.