JAN DE RUDDER: what changed
What changed
JAN DE RUDDER
filed annual accounts (NBB)
Net result for the year
€65,430
2024 · €38,753+€26,677
Equity
€894,211
2024 · €828,781+€65,430
Cash
€2,886
2024 · €394+€2,492
Balance sheet total
€951,231
2024 · €964,834-€13,603
Largest movements
Assets
- Tangible fixed assets -€48,630
down €48,630 (-77.7%), from €62,570 to €13,940
of which Land and buildings: -€49,948
- Receivables within one year +€33,113
up €33,113 (+4.7%), from €706,776 to €739,889
of which Trade receivables: +€28,677
Equity and liabilities
- Reserves +€65,430
up €65,430 (+8.0%), from €817,937 to €883,367
of which Distributable reserves: +€65,430
- Other debts -€40,340
down €40,340 (-100%), from €40,340 to €0
- Debts after one year -€17,000
down €17,000 (-57.1%), from €29,750 to €12,750
- Short-term financial debts +€15,892
up €15,892 (+238%), from €6,667 to €22,558
- Trade debts -€13,580
down €13,580 (-74.2%), from €18,292 to €4,711
Income statement
- Depreciation -€27,217
down €27,217 (-87.7%), from €31,022 to €3,805
- Gross operating margin +€20,136
up €20,136 (+23.4%), from €86,029 to €106,165
- Taxes +€19,886
up €19,886 (+117%), from €16,950 to €36,836
- Financial charges -€6,665
down €6,665 (-59.8%), from €11,146 to €4,481
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€38,753
Gross operating margin
+€20,136
Depreciation
+€27,217
Other operating charges
+€655
Other operating items
-€8,106
Financial income
-€4
Financial charges
+€6,665
Taxes
-€19,886
Result 2025
€65,430
raises the resultlowers the resultnot broken down further in the accounts
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
-€29,725
Investment
+€44,825
Financing
-€12,608
Cash 2024
€394
From operations (derived)
-€29,725
Net result for the year
+€65,430
Depreciation
+€3,805
Receivables within one year
-€33,113
Deferred charges and accrued income
+€578
Trade debts
-€13,580
Tax, wage and social debts
-€9,966
Other debts
-€40,340
Accrued charges and deferred income
-€2,539
Investment (derived)
+€44,825
Investment in fixed assets (net)
+€44,825
Financing
-€12,608
Debts after one year
-€17,000
Current portion of long-term debt
-€11,500
Short-term financial debts
+€15,892
Cash 2025
€2,886
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €964,834 | €951,231 | -€13,603 | -1.4% |
| Fixed assets | 21/28 | €237,651 | €189,021 | -€48,630 | -20.5% |
| Tangible fixed assets | 22/27 | €62,570 | €13,940 | -€48,630 | -77.7% |
| Land and buildings | 22 | €59,190 | €9,242 | -€49,948 | -84.4% |
| Plant, machinery and equipment | 23 | €0 | €2,477 | +€2,477 | |
| Furniture and vehicles | 24 | €3,380 | €2,220 | -€1,159 | -34.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €175,081 | €175,081 | = | 0.0% |
| Current assets | 29/58 | €727,183 | €762,210 | +€35,027 | +4.8% |
| Amounts receivable within one year | 40/41 | €706,776 | €739,889 | +€33,113 | +4.7% |
| Trade receivables | 40 | €25,547 | €54,224 | +€28,677 | +112% |
| Other amounts receivable | 41 | €681,229 | €685,665 | +€4,436 | +0.7% |
| Cash at bank and in hand | 54/58 | €394 | €2,886 | +€2,492 | +633% |
| Deferred charges and accrued income | 490/1 | €20,013 | €19,435 | -€578 | -2.9% |
| Total equity and liabilities | 10/49 | €964,834 | €951,231 | -€13,603 | -1.4% |
| Equity | 10/15 | €828,781 | €894,211 | +€65,430 | +7.9% |
| Contributions | 10/11 | €10,844 | €10,844 | = | 0.0% |
| Reserves | 13 | €817,937 | €883,367 | +€65,430 | +8.0% |
| Tax-exempt reserves | 132 | €73,066 | €73,066 | = | 0.0% |
| Distributable reserves | 133 | €744,871 | €810,301 | +€65,430 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Provisions and deferred taxes | 16 | €0 | - | = | |
| Deferred taxes | 168 | €0 | - | = | |
| Amounts payable | 17/49 | €136,053 | €57,019 | -€79,033 | -58.1% |
| Amounts payable after more than one year | 17 | €29,750 | €12,750 | -€17,000 | -57.1% |
| Financial debts | 170/4 | €29,750 | €12,750 | -€17,000 | -57.1% |
| Amounts payable within one year | 42/48 | €103,764 | €44,270 | -€59,494 | -57.3% |
| Current portion of amounts payable after more than one year | 42 | €28,500 | €17,000 | -€11,500 | -40.4% |
| Financial debts | 43 | €6,667 | €22,558 | +€15,892 | +238% |
| Credit institutions | 430/8 | €6,667 | €22,558 | +€15,892 | +238% |
| Trade debts | 44 | €18,292 | €4,711 | -€13,580 | -74.2% |
| Suppliers | 440/4 | €18,292 | €4,711 | -€13,580 | -74.2% |
| Taxes, remuneration and social security | 45 | €9,966 | €0 | -€9,966 | -100% |
| Taxes | 450/3 | €9,966 | €0 | -€9,966 | -100% |
| Other amounts payable | 47/48 | €40,340 | €0 | -€40,340 | -100% |
| Accrued charges and deferred income | 492/3 | €2,539 | €0 | -€2,539 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,022 | €3,805 | -€27,217 | -87.7% |
| Other operating charges | 640/8 | €4,367 | €3,713 | -€655 | -15.0% |
| Non-recurring operating charges | 66A | - | €8,106 | +€8,106 | |
| Gross operating margin | 9900 | €86,029 | €106,165 | +€20,136 | +23.4% |
| Operating profit (loss) | 9901 | €50,639 | €90,541 | +€39,902 | +78.8% |
| Financial income | 75/76B | €16,211 | €16,206 | -€4 | 0.0% |
| Recurring financial income | 75 | €16,211 | €16,206 | -€4 | 0.0% |
| Financial charges | 65/66B | €11,146 | €4,481 | -€6,665 | -59.8% |
| Recurring financial charges | 65 | €11,146 | €4,481 | -€6,665 | -59.8% |
| Profit (loss) for the period before taxes | 9903 | €55,703 | €102,266 | +€46,563 | +83.6% |
| Income taxes | 67/77 | €16,950 | €36,836 | +€19,886 | +117% |
| Profit (loss) for the period | 9904 | €38,753 | €65,430 | +€26,677 | +68.8% |
| Profit (loss) for the period to be appropriated | 9905 | €38,753 | €65,430 | +€26,677 | +68.8% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.