JAN DE GRAEF & C°: 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.
JAN DE GRAEF & C°
Largest movements
- Stocks and contracts +€257,738
up €257,738 (+312%), from €82,650 to €340,388
- Receivables within one year +€127,709
up €127,709 (+8.2%), from €1.6m to €1.7m
of which Trade receivables: +€235,273
- Tangible fixed assets -€100,879
down €100,879 (-27.9%), from €361,672 to €260,793
of which Furniture and vehicles: -€82,169
- Cash +€55,833
up €55,833 (+41.0%), from €136,092 to €191,926
mainly Trade debts (+€217,541) and Depreciation (+€114,447)
- Trade debts +€217,541
up €217,541 (+37.7%), from €577,525 to €795,066
- Current portion of long-term debt +€83,776
up €83,776 (+37.2%), from €225,316 to €309,092
- Reserves +€36,053
up €36,053 (+2.8%), from €1.3m to €1.3m
- Gross operating margin +€137,222
up €137,222 (+57.6%), from €238,086 to €375,308
- Staff costs +€26,844
up €26,844 (+14.7%), from €183,226 to €210,069
- Depreciation +€10,846
up €10,846 (+10.5%), from €103,601 to €114,447
- Taxes +€5,028
up €5,028 (+516%), from €974 to €6,002
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 | €2,182,194 | €2,499,895 | +€317,702 | +14.6% |
| Fixed assets | 21/28 | €361,942 | €261,063 | -€100,879 | -27.9% |
| Tangible fixed assets | 22/27 | €361,672 | €260,793 | -€100,879 | -27.9% |
| Land and buildings | 22 | €17,569 | €16,514 | -€1,055 | -6.0% |
| Plant, machinery and equipment | 23 | €82,550 | €70,149 | -€12,400 | -15.0% |
| Furniture and vehicles | 24 | €225,790 | €143,621 | -€82,169 | -36.4% |
| Other tangible fixed assets | 26 | €35,763 | €30,509 | -€5,255 | -14.7% |
| Financial fixed assets | 28 | €270 | €270 | = | 0.0% |
| Current assets | 29/58 | €1,820,252 | €2,238,832 | +€418,581 | +23.0% |
| Stocks and contracts in progress | 3 | €82,650 | €340,388 | +€257,738 | +312% |
| Stocks | 30/36 | €82,650 | €340,388 | +€257,738 | +312% |
| Amounts receivable within one year | 40/41 | €1,562,269 | €1,689,978 | +€127,709 | +8.2% |
| Trade receivables | 40 | €867,146 | €1,102,419 | +€235,273 | +27.1% |
| Other amounts receivable | 41 | €695,123 | €587,559 | -€107,564 | -15.5% |
| Cash at bank and in hand | 54/58 | €136,092 | €191,926 | +€55,833 | +41.0% |
| Deferred charges and accrued income | 490/1 | €39,241 | €16,541 | -€22,700 | -57.8% |
| Total equity and liabilities | 10/49 | €2,182,194 | €2,499,895 | +€317,702 | +14.6% |
| Equity | 10/15 | €1,292,700 | €1,328,753 | +€36,053 | +2.8% |
| Contributions | 10/11 | €27,500 | €27,500 | = | 0.0% |
| Contributions outside capital | 11 | €27,500 | €27,500 | = | 0.0% |
| Other | 1109/19 | €27,500 | €27,500 | = | 0.0% |
| Reserves | 13 | €1,265,200 | €1,301,253 | +€36,053 | +2.8% |
| Distributable reserves | 133 | €1,265,200 | €1,301,253 | +€36,053 | +2.8% |
| Amounts payable | 17/49 | €889,493 | €1,171,142 | +€281,649 | +31.7% |
| Amounts payable after more than one year | 17 | €65,806 | €44,968 | -€20,838 | -31.7% |
| Financial debts | 170/4 | €65,806 | €44,968 | -€20,838 | -31.7% |
| Amounts payable within one year | 42/48 | €823,687 | €1,126,174 | +€302,487 | +36.7% |
| Current portion of amounts payable after more than one year | 42 | €225,316 | €309,092 | +€83,776 | +37.2% |
| Financial debts | 43 | €1,413 | €1,023 | -€391 | -27.7% |
| Credit institutions | 430/8 | €1,413 | €1,023 | -€391 | -27.7% |
| Trade debts | 44 | €577,525 | €795,066 | +€217,541 | +37.7% |
| Suppliers | 440/4 | €577,525 | €795,066 | +€217,541 | +37.7% |
| Taxes, remuneration and social security | 45 | €19,432 | €20,994 | +€1,561 | +8.0% |
| Remuneration and social security | 454/9 | €19,432 | €20,994 | +€1,561 | +8.0% |
| Non-recurring operating income | 76A | - | €18,100 | +€18,100 | |
| Remuneration, social security and pensions | 62 | €183,226 | €210,069 | +€26,844 | +14.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €103,601 | €114,447 | +€10,846 | +10.5% |
| Other operating charges | 640/8 | €1,881 | €3,578 | +€1,697 | +90.2% |
| Gross operating margin | 9900 | €238,086 | €375,308 | +€137,222 | +57.6% |
| Operating profit (loss) | 9901 | -€50,622 | €47,214 | +€97,836 | |
| Financial income | 75/76B | €11,833 | €11,077 | -€756 | -6.4% |
| Recurring financial income | 75 | €11,833 | €11,077 | -€756 | -6.4% |
| Financial charges | 65/66B | €17,267 | €16,236 | -€1,031 | -6.0% |
| Recurring financial charges | 65 | €17,267 | €16,236 | -€1,031 | -6.0% |
| Profit (loss) for the period before taxes | 9903 | -€56,056 | €42,055 | +€98,111 | |
| Income taxes | 67/77 | €974 | €6,002 | +€5,028 | +516% |
| Profit (loss) for the period | 9904 | -€57,030 | €36,053 | +€93,083 | |
| Profit (loss) for the period to be appropriated | 9905 | -€57,030 | €36,053 | +€93,083 |
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 25 October 2026 via checked.be.