FRANK DE JONGHE: 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.
FRANK DE JONGHE
Largest movements
- Cash -€594,443
down €594,443 (-51.4%), from €1.2m to €562,702
mainly Contributions, distributions and other (-€1.1m) and Receivables within one year (-€3,606)
- Current investments -€410,882
down €410,882 (-19.4%), from €2.1m to €1.7m
- Reserves -€1.1m
down €1.1m (-32.7%), from €3.3m to €2.2m
of which Distributable reserves: -€1.1m
- Other debts +€57,258
up €57,258 (+2,609%), from €2,194 to €59,452
- Financial income +€15,765
up €15,765 (+60.2%), from €26,187 to €41,952
- Financial charges +€10,718
up €10,718 (+63.5%), from -€16,878 to -€6,160
- Other operating charges -€1,609
down €1,609 (-47.8%), from €3,363 to €1,754
- Gross operating margin +€1,490
up €1,490 (+12.4%), from -€11,990 to -€10,501
- Taxes +€724
up €724 (+37.3%), from €1,942 to €2,666
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 | €3,298,757 | €2,287,760 | -€1.0m | -30.6% |
| Fixed assets | 21/28 | €12,270 | €5,045 | -€7,225 | -58.9% |
| Tangible fixed assets | 22/27 | €12,193 | €4,968 | -€7,225 | -59.3% |
| Furniture and vehicles | 24 | €12,193 | €4,968 | -€7,225 | -59.3% |
| Other tangible fixed assets | 26 | €0 | €0 | -€0 | -100% |
| Financial fixed assets | 28 | €77 | €77 | = | 0.0% |
| Current assets | 29/58 | €3,286,487 | €2,282,715 | -€1.0m | -30.5% |
| Amounts receivable within one year | 40/41 | €5,912 | €9,518 | +€3,606 | +61.0% |
| Other amounts receivable | 41 | €5,912 | €9,518 | +€3,606 | +61.0% |
| Current investments | 50/53 | €2,120,345 | €1,709,463 | -€410,882 | -19.4% |
| Cash at bank and in hand | 54/58 | €1,157,144 | €562,702 | -€594,443 | -51.4% |
| Deferred charges and accrued income | 490/1 | €3,085 | €1,032 | -€2,053 | -66.5% |
| Total equity and liabilities | 10/49 | €3,298,757 | €2,287,760 | -€1.0m | -30.6% |
| Equity | 10/15 | €3,294,702 | €2,227,145 | -€1.1m | -32.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €3,264,702 | €2,197,145 | -€1.1m | -32.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €3,264,702 | €2,197,145 | -€1.1m | -32.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €4,054 | €60,615 | +€56,561 | +1,395% |
| Amounts payable within one year | 42/48 | €3,418 | €60,120 | +€56,702 | +1,659% |
| Trade debts | 44 | €1,224 | €668 | -€556 | -45.4% |
| Suppliers | 440/4 | €1,224 | €668 | -€556 | -45.4% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €2,194 | €59,452 | +€57,258 | +2,609% |
| Accrued charges and deferred income | 492/3 | €636 | €495 | -€141 | -22.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,927 | €7,225 | -€702 | -8.9% |
| Other operating charges | 640/8 | €3,363 | €1,754 | -€1,609 | -47.8% |
| Gross operating margin | 9900 | -€11,990 | -€10,501 | +€1,490 | +12.4% |
| Operating profit (loss) | 9901 | -€23,280 | -€19,480 | +€3,800 | +16.3% |
| Financial income | 75/76B | €26,187 | €41,952 | +€15,765 | +60.2% |
| Recurring financial income | 75 | €26,187 | €41,952 | +€15,765 | +60.2% |
| Financial charges | 65/66B | -€16,878 | -€6,160 | +€10,718 | +63.5% |
| Recurring financial charges | 65 | -€16,878 | -€6,160 | +€10,718 | +63.5% |
| Profit (loss) for the period before taxes | 9903 | €19,785 | €28,633 | +€8,848 | +44.7% |
| Income taxes | 67/77 | €1,942 | €2,666 | +€724 | +37.3% |
| Profit (loss) for the period | 9904 | €17,843 | €25,967 | +€8,124 | +45.5% |
| Profit (loss) for the period to be appropriated | 9905 | €17,843 | €25,967 | +€8,124 | +45.5% |
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 29 October 2026 via checked.be.