JIEFDELGEST: 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.
JIEFDELGEST
Largest movements
- Cash +€107,868
up €107,868 (+23.6%), from €457,424 to €565,292
mainly Net result for the year (+€180,817) and Other debts (+€23,483)
- Tangible fixed assets -€21,265
down €21,265 (-3.1%), from €688,022 to €666,757
of which Land and buildings: -€21,162
- Reserves +€64,448
up €64,448 (+4.6%), from €1.4m to €1.5m
- Other debts +€23,483
up €23,483 (+26.8%), from €87,651 to €111,134
- Tax, wage and social debts +€18,290
up €18,290 (+114%), from €16,071 to €34,361
- Turnover +€195,172
up €195,172 (+127%), from €154,204 to €349,376
- Gross operating margin +€185,270
up €185,270 (+212%), from €87,211 to €272,481
- Taxes +€61,887
up €61,887 (+383%), from €16,156 to €78,043
- Purchases and services +€10,693
up €10,693 (+15.7%), from €68,299 to €78,992
- Financial income +€9,852
new in 2025: €9,852
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 | €1,681,351 | €1,786,873 | +€105,521 | +6.3% |
| Fixed assets | 21/28 | €688,022 | €666,757 | -€21,265 | -3.1% |
| Tangible fixed assets | 22/27 | €688,022 | €666,757 | -€21,265 | -3.1% |
| Land and buildings | 22 | €687,919 | €666,757 | -€21,162 | -3.1% |
| Plant, machinery and equipment | 23 | €103 | - | -€103 | |
| Current assets | 29/58 | €993,330 | €1,120,116 | +€126,786 | +12.8% |
| Amounts receivable within one year | 40/41 | €285,097 | €297,051 | +€11,954 | +4.2% |
| Trade receivables | 40 | - | €12,100 | +€12,100 | |
| Other amounts receivable | 41 | €285,097 | €284,951 | -€146 | -0.1% |
| Current investments | 50/53 | €250,000 | €256,896 | +€6,896 | +2.8% |
| Cash at bank and in hand | 54/58 | €457,424 | €565,292 | +€107,868 | +23.6% |
| Deferred charges and accrued income | 490/1 | €808 | €877 | +€69 | +8.5% |
| Total equity and liabilities | 10/49 | €1,681,351 | €1,786,873 | +€105,521 | +6.3% |
| Equity | 10/15 | €1,576,602 | €1,640,217 | +€63,615 | +4.0% |
| Contributions | 10/11 | €144,150 | €144,150 | = | 0.0% |
| Reserves | 13 | €1,399,663 | €1,464,111 | +€64,448 | +4.6% |
| Distributable reserves | 133 | €1,399,663 | €1,464,111 | +€64,448 | +4.6% |
| Profit (loss) carried forward | 14 | €32,789 | €31,956 | -€833 | -2.5% |
| Amounts payable | 17/49 | €104,749 | €146,655 | +€41,906 | +40.0% |
| Amounts payable within one year | 42/48 | €104,749 | €146,655 | +€41,906 | +40.0% |
| Financial debts | 43 | €20 | - | -€20 | |
| Credit institutions | 430/8 | €20 | - | -€20 | |
| Trade debts | 44 | €1,008 | €1,160 | +€153 | +15.2% |
| Suppliers | 440/4 | €1,008 | €1,160 | +€153 | +15.2% |
| Taxes, remuneration and social security | 45 | €16,071 | €34,361 | +€18,290 | +114% |
| Taxes | 450/3 | €16,071 | €34,361 | +€18,290 | +114% |
| Other amounts payable | 47/48 | €87,651 | €111,134 | +€23,483 | +26.8% |
| Turnover | 70 | €154,204 | €349,376 | +€195,172 | +127% |
| Goods, raw materials, services and sundry goods | 60/61 | €68,299 | €78,992 | +€10,693 | +15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,489 | €21,265 | -€225 | -1.0% |
| Other operating charges | 640/8 | €2,453 | €1,906 | -€546 | -22.3% |
| Gross operating margin | 9900 | €87,211 | €272,481 | +€185,270 | +212% |
| Operating profit (loss) | 9901 | €63,269 | €249,310 | +€186,041 | +294% |
| Financial income | 75/76B | - | €9,852 | +€9,852 | |
| Recurring financial income | 75 | - | €9,852 | +€9,852 | |
| Financial charges | 65/66B | €195 | €301 | +€106 | +54.5% |
| Recurring financial charges | 65 | €195 | €301 | +€106 | +54.5% |
| Profit (loss) for the period before taxes | 9903 | €63,074 | €258,860 | +€195,786 | +310% |
| Income taxes | 67/77 | €16,156 | €78,043 | +€61,887 | +383% |
| Profit (loss) for the period | 9904 | €46,918 | €180,817 | +€133,900 | +285% |
| Profit (loss) for the period to be appropriated | 9905 | €46,918 | €180,817 | +€133,900 | +285% |
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 18 October 2026 via checked.be.