DR. R. DE JONGH: 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. R. DE JONGH
Largest movements
- Receivables after one year -€118,972
down €118,972 (-91.5%), from €130,005 to €11,032
- Receivables within one year +€93,726
up €93,726 (+30.0%), from €312,489 to €406,215
of which Other amounts receivable: +€93,726
No liability line moved by more than 1% of the balance sheet total.
- Gross operating margin -€20,816
down €20,816 (-776%), from -€2,682 to -€23,499
- Financial charges +€20,004
up €20,004 (+79,985%), from €25 to €20,029
- Financial income +€8,450
up €8,450 (+60.5%), from €13,974 to €22,424
- Taxes -€2,943
down €2,943 (-89.4%), from €3,294 to €351
- Depreciation -€729
down €729 (-72.8%), from €1,002 to €273
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 | €3,232,611 | €3,233,322 | +€711 | 0.0% |
| Fixed assets | 21/28 | €2,420,753 | €2,420,939 | +€186 | 0.0% |
| Tangible fixed assets | 22/27 | €165 | €351 | +€186 | +113% |
| Furniture and vehicles | 24 | €165 | €351 | +€186 | +113% |
| Financial fixed assets | 28 | €2,420,588 | €2,420,588 | = | 0.0% |
| Current assets | 29/58 | €811,859 | €812,384 | +€525 | +0.1% |
| Amounts receivable after more than one year | 29 | €130,005 | €11,032 | -€118,972 | -91.5% |
| Other amounts receivable | 291 | €130,005 | €11,032 | -€118,972 | -91.5% |
| Amounts receivable within one year | 40/41 | €312,489 | €406,215 | +€93,726 | +30.0% |
| Trade receivables | 40 | €30,765 | €30,765 | = | 0.0% |
| Other amounts receivable | 41 | €281,724 | €375,450 | +€93,726 | +33.3% |
| Current investments | 50/53 | €318,570 | €321,992 | +€3,422 | +1.1% |
| Cash at bank and in hand | 54/58 | €50,796 | €73,145 | +€22,349 | +44.0% |
| Total equity and liabilities | 10/49 | €3,232,611 | €3,233,322 | +€711 | 0.0% |
| Equity | 10/15 | €1,867,032 | €1,844,244 | -€22,788 | -1.2% |
| Contributions | 10/11 | €36,010 | €36,010 | = | 0.0% |
| Reserves | 13 | €1,408,871 | €1,386,084 | -€22,788 | -1.6% |
| Distributable reserves | 133 | €1,408,871 | €1,386,084 | -€22,788 | -1.6% |
| Profit (loss) carried forward | 14 | €422,151 | €422,151 | = | 0.0% |
| Amounts payable | 17/49 | €1,365,580 | €1,389,078 | +€23,499 | +1.7% |
| Amounts payable within one year | 42/48 | €1,365,580 | €1,389,078 | +€23,499 | +1.7% |
| Trade debts | 44 | €3,025 | €2,406 | -€618 | -20.4% |
| Suppliers | 440/4 | €3,025 | €2,406 | -€618 | -20.4% |
| Taxes, remuneration and social security | 45 | €226 | €0 | -€226 | -100% |
| Taxes | 450/3 | €226 | €0 | -€226 | -100% |
| Other amounts payable | 47/48 | €1,362,329 | €1,386,672 | +€24,343 | +1.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,002 | €273 | -€729 | -72.8% |
| Other operating charges | 640/8 | €1,074 | €1,060 | -€13 | -1.2% |
| Gross operating margin | 9900 | -€2,682 | -€23,499 | -€20,816 | -776% |
| Operating profit (loss) | 9901 | -€4,757 | -€24,832 | -€20,075 | -422% |
| Financial income | 75/76B | €13,974 | €22,424 | +€8,450 | +60.5% |
| Recurring financial income | 75 | €13,974 | €22,424 | +€8,450 | +60.5% |
| Financial charges | 65/66B | €25 | €20,029 | +€20,004 | +79,985% |
| Recurring financial charges | 65 | €25 | €20,029 | +€20,004 | +79,985% |
| Profit (loss) for the period before taxes | 9903 | €9,192 | -€22,437 | -€31,629 | |
| Income taxes | 67/77 | €3,294 | €351 | -€2,943 | -89.4% |
| Profit (loss) for the period | 9904 | €5,898 | -€22,788 | -€28,685 | |
| Profit (loss) for the period to be appropriated | 9905 | €5,898 | -€22,788 | -€28,685 |
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.