J. VAN DROOGENBROECK: 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. VAN DROOGENBROECK
Largest movements
- Current investments +€54,000
new in 2025: €54,000
- Receivables within one year +€20,274
up €20,274 (+183%), from €11,108 to €31,381
of which Trade receivables: +€20,278
- Tangible fixed assets -€6,672
down €6,672 (-33.7%), from €19,789 to €13,117
- Cash -€6,397
down €6,397 (-2.1%), from €307,499 to €301,102
mainly Contributions, distributions and other (-€266,337) and Current investments (-€54,000)
- Profit (loss) carried forward -€265,504
down €265,504 (-100%), from €265,504 to €0
- Other debts +€235,738
up €235,738 (+1,947%), from €12,110 to €247,848
- Reserves +€96,351
new in 2025: €96,351
- Tax, wage and social debts -€4,601
down €4,601 (-8.0%), from €57,819 to €53,218
- Taxes +€8,900
up €8,900 (+28.8%), from €30,926 to €39,826
- Financial charges +€8,381
up €8,381 (+823%), from €1,018 to €9,399
- Gross operating margin +€5,395
up €5,395 (+3.5%), from €152,058 to €157,453
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 | €339,421 | €401,592 | +€62,171 | +18.3% |
| Fixed assets | 21/28 | €19,789 | €13,117 | -€6,672 | -33.7% |
| Tangible fixed assets | 22/27 | €19,789 | €13,117 | -€6,672 | -33.7% |
| Furniture and vehicles | 24 | €19,789 | €13,117 | -€6,672 | -33.7% |
| Current assets | 29/58 | €319,632 | €388,475 | +€68,843 | +21.5% |
| Amounts receivable within one year | 40/41 | €11,108 | €31,381 | +€20,274 | +183% |
| Trade receivables | 40 | €11,103 | €31,381 | +€20,278 | +183% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Current investments | 50/53 | - | €54,000 | +€54,000 | |
| Cash at bank and in hand | 54/58 | €307,499 | €301,102 | -€6,397 | -2.1% |
| Deferred charges and accrued income | 490/1 | €1,026 | €1,992 | +€966 | +94.2% |
| Total equity and liabilities | 10/49 | €339,421 | €401,592 | +€62,171 | +18.3% |
| Equity | 10/15 | €268,504 | €99,351 | -€169,153 | -63.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | - | €96,351 | +€96,351 | |
| Distributable reserves | 133 | - | €96,351 | +€96,351 | |
| Profit (loss) carried forward | 14 | €265,504 | €0 | -€265,504 | -100% |
| Amounts payable | 17/49 | €70,917 | €302,241 | +€231,324 | +326% |
| Amounts payable within one year | 42/48 | €70,917 | €302,241 | +€231,324 | +326% |
| Financial debts | 43 | - | €490 | +€490 | |
| Credit institutions | 430/8 | - | €490 | +€490 | |
| Trade debts | 44 | €988 | €685 | -€303 | -30.7% |
| Suppliers | 440/4 | €988 | €685 | -€303 | -30.7% |
| Taxes, remuneration and social security | 45 | €57,819 | €53,218 | -€4,601 | -8.0% |
| Taxes | 450/3 | €57,819 | €53,218 | -€4,601 | -8.0% |
| Other amounts payable | 47/48 | €12,110 | €247,848 | +€235,738 | +1,947% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,712 | €10,284 | -€428 | -4.0% |
| Other operating charges | 640/8 | €1,315 | €1,062 | -€253 | -19.3% |
| Gross operating margin | 9900 | €152,058 | €157,453 | +€5,395 | +3.5% |
| Operating profit (loss) | 9901 | €140,031 | €146,107 | +€6,076 | +4.3% |
| Financial income | 75/76B | €0 | €303 | +€303 | +1,513,000% |
| Recurring financial income | 75 | €0 | €303 | +€303 | +1,513,000% |
| Financial charges | 65/66B | €1,018 | €9,399 | +€8,381 | +823% |
| Recurring financial charges | 65 | €1,018 | €9,399 | +€8,381 | +823% |
| Profit (loss) for the period before taxes | 9903 | €139,013 | €137,010 | -€2,003 | -1.4% |
| Income taxes | 67/77 | €30,926 | €39,826 | +€8,900 | +28.8% |
| Profit (loss) for the period | 9904 | €108,087 | €97,184 | -€10,903 | -10.1% |
| Profit (loss) for the period to be appropriated | 9905 | €108,087 | €97,184 | -€10,903 | -10.1% |
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.