J. DE CNIJF: 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.
J. DE CNIJF
Largest movements
- Cash +€71,107
up €71,107 (+109%), from €65,464 to €136,570
mainly Net result for the year (+€48,832) and Depreciation (+€23,312)
- Tangible fixed assets -€21,105
down €21,105 (-21.9%), from €96,318 to €75,212
of which Furniture and vehicles: -€21,979
- Receivables within one year -€6,235
down €6,235 (-16.7%), from €37,446 to €31,211
of which Other amounts receivable: -€5,235
- Reserves +€48,750
up €48,750 (+49.7%), from €98,060 to €146,810
- Debts after one year -€19,608
down €19,608 (-29.1%), from €67,367 to €47,759
- Tax, wage and social debts +€11,277
up €11,277 (+447%), from €2,520 to €13,797
- Gross operating margin +€39,303
up €39,303 (+70.8%), from €55,515 to €94,818
- Taxes +€9,263
up €9,263 (+93.7%), from €9,883 to €19,145
- Depreciation +€6,723
up €6,723 (+40.5%), from €16,589 to €23,312
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 | €200,131 | €243,335 | +€43,204 | +21.6% |
| Fixed assets | 21/28 | €96,318 | €75,212 | -€21,105 | -21.9% |
| Tangible fixed assets | 22/27 | €96,318 | €75,212 | -€21,105 | -21.9% |
| Plant, machinery and equipment | 23 | €2,217 | €3,090 | +€874 | +39.4% |
| Furniture and vehicles | 24 | €94,101 | €72,122 | -€21,979 | -23.4% |
| Current assets | 29/58 | €103,813 | €168,123 | +€64,309 | +61.9% |
| Amounts receivable within one year | 40/41 | €37,446 | €31,211 | -€6,235 | -16.7% |
| Trade receivables | 40 | €31,918 | €30,918 | -€1,000 | -3.1% |
| Other amounts receivable | 41 | €5,528 | €293 | -€5,235 | -94.7% |
| Cash at bank and in hand | 54/58 | €65,464 | €136,570 | +€71,107 | +109% |
| Deferred charges and accrued income | 490/1 | €903 | €341 | -€562 | -62.2% |
| Total equity and liabilities | 10/49 | €200,131 | €243,335 | +€43,204 | +21.6% |
| Equity | 10/15 | €110,817 | €159,649 | +€48,832 | +44.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €98,060 | €146,810 | +€48,750 | +49.7% |
| Distributable reserves | 133 | €98,060 | €146,810 | +€48,750 | +49.7% |
| Profit (loss) carried forward | 14 | €357 | €439 | +€82 | +22.9% |
| Amounts payable | 17/49 | €89,314 | €83,686 | -€5,628 | -6.3% |
| Amounts payable after more than one year | 17 | €67,367 | €47,759 | -€19,608 | -29.1% |
| Financial debts | 170/4 | €67,367 | €47,759 | -€19,608 | -29.1% |
| Amounts payable within one year | 42/48 | €21,946 | €35,911 | +€13,966 | +63.6% |
| Current portion of amounts payable after more than one year | 42 | €18,678 | €19,608 | +€930 | +5.0% |
| Trade debts | 44 | €748 | €2,507 | +€1,759 | +235% |
| Suppliers | 440/4 | €748 | €2,507 | +€1,759 | +235% |
| Taxes, remuneration and social security | 45 | €2,520 | €13,797 | +€11,277 | +447% |
| Taxes | 450/3 | €2,520 | €13,797 | +€11,277 | +447% |
| Accrued charges and deferred income | 492/3 | €2 | €16 | +€15 | +946% |
| Remuneration, social security and pensions | 62 | €69 | - | -€69 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €16,589 | €23,312 | +€6,723 | +40.5% |
| Other operating charges | 640/8 | €265 | - | -€265 | |
| Gross operating margin | 9900 | €55,515 | €94,818 | +€39,303 | +70.8% |
| Operating profit (loss) | 9901 | €38,592 | €71,506 | +€32,914 | +85.3% |
| Financial income | 75/76B | - | €317 | +€317 | |
| Recurring financial income | 75 | - | €317 | +€317 | |
| Financial charges | 65/66B | €3,501 | €3,846 | +€345 | +9.9% |
| Recurring financial charges | 65 | €3,501 | €3,846 | +€345 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €35,090 | €67,977 | +€32,887 | +93.7% |
| Income taxes | 67/77 | €9,883 | €19,145 | +€9,263 | +93.7% |
| Profit (loss) for the period | 9904 | €25,208 | €48,832 | +€23,624 | +93.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,208 | €48,832 | +€23,624 | +93.7% |
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 17 October 2026 via checked.be.