J DE FLANDER: 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 FLANDER
Largest movements
- Tangible fixed assets -€44,304
down €44,304 (-6.8%), from €651,588 to €607,283
of which Land and buildings: -€51,172
- Receivables within one year +€19,949
up €19,949 (+36.4%), from €54,760 to €74,709
of which Other amounts receivable: +€37,353
- Reserves -€16,802
down €16,802 (-2.4%), from €702,071 to €685,270
of which Distributable reserves: -€16,802
- Gross operating margin +€7,068
up €7,068 (+16.2%), from €43,725 to €50,793
- Other operating charges +€5,160
up €5,160 (+89.7%), from €5,755 to €10,915
- Depreciation -€4,900
down €4,900 (-8.1%), from €60,298 to €55,398
- Taxes +€1,250
new in 2025: €1,250
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 | €724,820 | €697,670 | -€27,150 | -3.7% |
| Fixed assets | 21/28 | €651,588 | €607,283 | -€44,304 | -6.8% |
| Tangible fixed assets | 22/27 | €651,588 | €607,283 | -€44,304 | -6.8% |
| Land and buildings | 22 | €604,439 | €553,268 | -€51,172 | -8.5% |
| Furniture and vehicles | 24 | €46,138 | €53,006 | +€6,868 | +14.9% |
| Other tangible fixed assets | 26 | €1,010 | €1,010 | = | 0.0% |
| Current assets | 29/58 | €73,233 | €90,386 | +€17,154 | +23.4% |
| Amounts receivable within one year | 40/41 | €54,760 | €74,709 | +€19,949 | +36.4% |
| Trade receivables | 40 | €53,704 | €36,300 | -€17,404 | -32.4% |
| Other amounts receivable | 41 | €1,055 | €38,409 | +€37,353 | +3,539% |
| Cash at bank and in hand | 54/58 | €18,473 | €14,043 | -€4,430 | -24.0% |
| Deferred charges and accrued income | 490/1 | - | €1,635 | +€1,635 | |
| Total equity and liabilities | 10/49 | €724,820 | €697,670 | -€27,150 | -3.7% |
| Equity | 10/15 | €714,471 | €697,670 | -€16,802 | -2.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €702,071 | €685,270 | -€16,802 | -2.4% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €683,321 | €666,520 | -€16,802 | -2.5% |
| Amounts payable | 17/49 | €10,349 | - | -€10,349 | |
| Amounts payable within one year | 42/48 | €4,758 | - | -€4,758 | |
| Trade debts | 44 | €1,758 | - | -€1,758 | |
| Suppliers | 440/4 | €1,758 | - | -€1,758 | |
| Other amounts payable | 47/48 | €3,000 | - | -€3,000 | |
| Accrued charges and deferred income | 492/3 | €5,591 | - | -€5,591 | |
| Non-recurring operating income | 76A | €4,418 | - | -€4,418 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,298 | €55,398 | -€4,900 | -8.1% |
| Other operating charges | 640/8 | €5,755 | €10,915 | +€5,160 | +89.7% |
| Gross operating margin | 9900 | €43,725 | €50,793 | +€7,068 | +16.2% |
| Operating profit (loss) | 9901 | -€22,328 | -€15,520 | +€6,808 | +30.5% |
| Financial income | 75/76B | €671 | €365 | -€306 | -45.6% |
| Recurring financial income | 75 | €671 | €365 | -€306 | -45.6% |
| Financial charges | 65/66B | €347 | €397 | +€50 | +14.3% |
| Recurring financial charges | 65 | €347 | €397 | +€50 | +14.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,003 | -€15,552 | +€6,452 | +29.3% |
| Income taxes | 67/77 | - | €1,250 | +€1,250 | |
| Profit (loss) for the period | 9904 | -€22,003 | -€16,802 | +€5,202 | +23.6% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,003 | -€16,802 | +€5,202 | +23.6% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 21 October 2026 via checked.be.