JEAN DE WOLF: 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.
JEAN DE WOLF
Largest movements
- Cash +€207,853
up €207,853 (+298%), from €69,730 to €277,583
mainly Current investments (+€126,000) and Net result for the year (+€74,128)
- Current investments -€126,000
down €126,000 (-32.0%), from €393,251 to €267,251
- Reserves +€74,128
up €74,128 (+16.4%), from €452,479 to €526,607
of which Distributable reserves: +€74,128
- Tax, wage and social debts +€9,732
up €9,732 (+141%), from €6,905 to €16,637
- Gross operating margin +€29,791
up €29,791 (+43.7%), from €68,102 to €97,893
- Taxes +€18,049
up €18,049 (+100%), from €18,018 to €36,067
- Financial income +€14,388
up €14,388 (+3,801%), from €378 to €14,766
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 | €477,734 | €559,248 | +€81,514 | +17.1% |
| Fixed assets | 21/28 | €14,753 | €13,867 | -€886 | -6.0% |
| Tangible fixed assets | 22/27 | €14,753 | €13,867 | -€886 | -6.0% |
| Furniture and vehicles | 24 | €13,645 | €13,528 | -€117 | -0.9% |
| Other tangible fixed assets | 26 | €1,108 | €339 | -€769 | -69.4% |
| Current assets | 29/58 | €462,981 | €545,382 | +€82,401 | +17.8% |
| Amounts receivable within one year | 40/41 | - | €548 | +€548 | |
| Trade receivables | 40 | - | €548 | +€548 | |
| Current investments | 50/53 | €393,251 | €267,251 | -€126,000 | -32.0% |
| Cash at bank and in hand | 54/58 | €69,730 | €277,583 | +€207,853 | +298% |
| Total equity and liabilities | 10/49 | €477,734 | €559,248 | +€81,514 | +17.1% |
| Equity | 10/15 | €465,087 | €539,215 | +€74,128 | +15.9% |
| Contributions | 10/11 | €12,608 | €12,608 | = | 0.0% |
| Reserves | 13 | €452,479 | €526,607 | +€74,128 | +16.4% |
| Non-distributable reserves | 130/1 | €10,448 | €10,448 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,448 | €10,448 | = | 0.0% |
| Distributable reserves | 133 | €442,031 | €516,159 | +€74,128 | +16.8% |
| Amounts payable | 17/49 | €12,647 | €20,034 | +€7,386 | +58.4% |
| Amounts payable within one year | 42/48 | €12,647 | €18,034 | +€5,386 | +42.6% |
| Trade debts | 44 | €1,561 | €50 | -€1,511 | -96.8% |
| Suppliers | 440/4 | €1,561 | €50 | -€1,511 | -96.8% |
| Taxes, remuneration and social security | 45 | €6,905 | €16,637 | +€9,732 | +141% |
| Taxes | 450/3 | €6,905 | €16,637 | +€9,732 | +141% |
| Other amounts payable | 47/48 | €4,181 | €1,347 | -€2,835 | -67.8% |
| Accrued charges and deferred income | 492/3 | - | €2,000 | +€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,017 | €886 | -€131 | -12.8% |
| Other operating charges | 640/8 | €1,121 | €1,164 | +€42 | +3.8% |
| Gross operating margin | 9900 | €68,102 | €97,893 | +€29,791 | +43.7% |
| Operating profit (loss) | 9901 | €65,963 | €95,843 | +€29,880 | +45.3% |
| Financial income | 75/76B | €378 | €14,766 | +€14,388 | +3,801% |
| Recurring financial income | 75 | €378 | €14,766 | +€14,388 | +3,801% |
| Financial charges | 65/66B | €1,297 | €414 | -€883 | -68.1% |
| Recurring financial charges | 65 | €1,297 | €414 | -€883 | -68.1% |
| Profit (loss) for the period before taxes | 9903 | €65,045 | €110,195 | +€45,150 | +69.4% |
| Income taxes | 67/77 | €18,018 | €36,067 | +€18,049 | +100% |
| Profit (loss) for the period | 9904 | €47,026 | €74,128 | +€27,102 | +57.6% |
| Profit (loss) for the period to be appropriated | 9905 | €47,026 | €74,128 | +€27,102 | +57.6% |
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 29 October 2026 via checked.be.