JENKO VANHOUTTE: 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.
JENKO VANHOUTTE
Largest movements
- Cash +€33,432
up €33,432 (+85.0%), from €39,333 to €72,765
mainly Net result for the year (+€29,251) and Tax, wage and social debts (+€9,367)
- Receivables within one year +€2,180
up €2,180 (+10.6%), from €20,568 to €22,748
- Tangible fixed assets -€1,283
down €1,283 (-8.2%), from €15,553 to €14,269
- Profit (loss) carried forward +€29,251
new in 2025: €29,251
- Tax, wage and social debts +€9,367
up €9,367 (+60.5%), from €15,491 to €24,858
- Debts after one year -€5,379
down €5,379 (-85.4%), from €6,302 to €923
- Trade debts +€4,017
up €4,017 (+569.3%), from €706 to €4,723
- Other debts -€3,836
down €3,836 (-22.0%), from €17,445 to €13,609
- Gross operating margin +€8,462
up €8,462 (+22.5%), from €37,555 to €46,016
- Taxes +€2,239
up €2,239 (+30.6%), from €7,319 to €9,558
- Depreciation +€1,687
up €1,687 (+49.9%), from €3,379 to €5,066
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.
Cash bridge derived
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 | €76,599 | €111,151 | +€34,552 | +45.1% |
| Fixed assets | 21/28 | €15,803 | €14,519 | -€1,283 | -8.1% |
| Tangible fixed assets | 22/27 | €15,553 | €14,269 | -€1,283 | -8.2% |
| Furniture and vehicles | 24 | €15,553 | €14,269 | -€1,283 | -8.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €60,797 | €96,632 | +€35,835 | +58.9% |
| Amounts receivable within one year | 40/41 | €20,568 | €22,748 | +€2,180 | +10.6% |
| Trade receivables | 40 | €20,568 | €22,748 | +€2,180 | +10.6% |
| Cash at bank and in hand | 54/58 | €39,333 | €72,765 | +€33,432 | +85.0% |
| Deferred charges and accrued income | 490/1 | €896 | €1,119 | +€223 | +24.9% |
| Total equity and liabilities | 10/49 | €76,599 | €111,151 | +€34,552 | +45.1% |
| Equity | 10/15 | €31,196 | €60,447 | +€29,251 | +93.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €24,696 | €24,696 | = | 0.0% |
| Distributable reserves | 133 | €24,696 | €24,696 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | €29,251 | +€29,251 | |
| Amounts payable | 17/49 | €45,403 | €50,704 | +€5,302 | +11.7% |
| Amounts payable after more than one year | 17 | €6,302 | €923 | -€5,379 | -85.4% |
| Financial debts | 170/4 | €6,302 | €923 | -€5,379 | -85.4% |
| Amounts payable within one year | 42/48 | €38,762 | €48,570 | +€9,808 | +25.3% |
| Current portion of amounts payable after more than one year | 42 | €5,120 | €5,379 | +€259 | +5.1% |
| Trade debts | 44 | €706 | €4,723 | +€4,017 | +569.3% |
| Suppliers | 440/4 | €706 | €4,723 | +€4,017 | +569.3% |
| Taxes, remuneration and social security | 45 | €15,491 | €24,858 | +€9,367 | +60.5% |
| Taxes | 450/3 | €15,491 | €24,858 | +€9,367 | +60.5% |
| Other amounts payable | 47/48 | €17,445 | €13,609 | -€3,836 | -22.0% |
| Accrued charges and deferred income | 492/3 | €339 | €1,212 | +€873 | +257.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,379 | €5,066 | +€1,687 | +49.9% |
| Other operating charges | 640/8 | €1,170 | €751 | -€419 | -35.8% |
| Gross operating margin | 9900 | €37,555 | €46,016 | +€8,462 | +22.5% |
| Operating profit (loss) | 9901 | €33,006 | €40,200 | +€7,194 | +21.8% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €991 | €1,391 | +€401 | +40.5% |
| Recurring financial charges | 65 | €991 | €1,391 | +€401 | +40.5% |
| Profit (loss) for the period before taxes | 9903 | €32,015 | €38,808 | +€6,793 | +21.2% |
| Income taxes | 67/77 | €7,319 | €9,558 | +€2,239 | +30.6% |
| Profit (loss) for the period | 9904 | €24,696 | €29,251 | +€4,554 | +18.4% |
| Profit (loss) for the period to be appropriated | 9905 | €24,696 | €29,251 | +€4,554 | +18.4% |
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 11 October 2026 via checked.be.