DXJ: 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.
DXJ
Largest movements
- Tangible fixed assets +€113,196
up €113,196 (+51.9%), from €217,956 to €331,152
of which Land and buildings: +€114,463
- Receivables within one year -€28,888
down €28,888 (-22.2%), from €130,312 to €101,425
- Current investments +€12,000
up €12,000 (+2.5%), from €475,999 to €487,999
- Cash -€10,078
down €10,078 (-23.3%), from €43,164 to €33,085
mainly Investment in fixed assets (net) (-€129,624) and Contributions, distributions and other (-€120,000)
- Debts after one year +€146,333
up €146,333 (+72.3%), from €202,388 to €348,721
- Reserves -€74,436
down €74,436 (-12.1%), from €616,308 to €541,873
- Current portion of long-term debt +€19,270
new in 2025: €19,270
- Depreciation +€11,750
up €11,750 (+251%), from €4,678 to €16,428
- Financial charges +€11,331
up €11,331 (+214%), from €5,306 to €16,637
- Taxes -€7,876
down €7,876 (-24.7%), from €31,825 to €23,949
- Gross operating margin -€2,862
down €2,862 (-2.8%), from €101,615 to €98,754
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 | €867,432 | €953,662 | +€86,230 | +9.9% |
| Fixed assets | 21/28 | €217,956 | €331,152 | +€113,196 | +51.9% |
| Tangible fixed assets | 22/27 | €217,956 | €331,152 | +€113,196 | +51.9% |
| Land and buildings | 22 | €215,210 | €329,674 | +€114,463 | +53.2% |
| Other tangible fixed assets | 26 | €2,746 | €1,479 | -€1,267 | -46.2% |
| Current assets | 29/58 | €649,476 | €622,509 | -€26,966 | -4.2% |
| Amounts receivable within one year | 40/41 | €130,312 | €101,425 | -€28,888 | -22.2% |
| Other amounts receivable | 41 | €130,312 | €101,425 | -€28,888 | -22.2% |
| Current investments | 50/53 | €475,999 | €487,999 | +€12,000 | +2.5% |
| Cash at bank and in hand | 54/58 | €43,164 | €33,085 | -€10,078 | -23.3% |
| Total equity and liabilities | 10/49 | €867,432 | €953,662 | +€86,230 | +9.9% |
| Equity | 10/15 | €634,908 | €560,473 | -€74,436 | -11.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €616,308 | €541,873 | -€74,436 | -12.1% |
| Distributable reserves | 133 | €616,308 | €541,873 | -€74,436 | -12.1% |
| Amounts payable | 17/49 | €232,524 | €393,189 | +€160,665 | +69.1% |
| Amounts payable after more than one year | 17 | €202,388 | €348,721 | +€146,333 | +72.3% |
| Financial debts | 170/4 | €202,388 | €348,721 | +€146,333 | +72.3% |
| Amounts payable within one year | 42/48 | €30,136 | €44,468 | +€14,332 | +47.6% |
| Current portion of amounts payable after more than one year | 42 | - | €19,270 | +€19,270 | |
| Trade debts | 44 | €1,820 | €1,778 | -€42 | -2.3% |
| Suppliers | 440/4 | €1,820 | €1,778 | -€42 | -2.3% |
| Taxes, remuneration and social security | 45 | €28,316 | €23,420 | -€4,896 | -17.3% |
| Taxes | 450/3 | €28,316 | €23,420 | -€4,896 | -17.3% |
| Non-recurring operating income | 76A | €19,266 | - | -€19,266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,678 | €16,428 | +€11,750 | +251% |
| Other operating charges | 640/8 | €1,620 | €1,590 | -€31 | -1.9% |
| Gross operating margin | 9900 | €101,615 | €98,754 | -€2,862 | -2.8% |
| Operating profit (loss) | 9901 | €95,317 | €80,736 | -€14,581 | -15.3% |
| Financial income | 75/76B | €6,118 | €5,414 | -€704 | -11.5% |
| Recurring financial income | 75 | €6,118 | €5,414 | -€704 | -11.5% |
| Financial charges | 65/66B | €5,306 | €16,637 | +€11,331 | +214% |
| Recurring financial charges | 65 | €5,306 | €16,637 | +€11,331 | +214% |
| Profit (loss) for the period before taxes | 9903 | €96,129 | €69,513 | -€26,616 | -27.7% |
| Income taxes | 67/77 | €31,825 | €23,949 | -€7,876 | -24.7% |
| Profit (loss) for the period | 9904 | €64,304 | €45,564 | -€18,740 | -29.1% |
| Profit (loss) for the period to be appropriated | 9905 | €64,304 | €45,564 | -€18,740 | -29.1% |
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 28 October 2026 via checked.be.