Jo D'herde: 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.
Jo D'herde
Largest movements
- Cash +€223,128
up €223,128 (+619%), from €36,028 to €259,156
mainly Net result for the year (+€182,630) and Other debts (+€112,093)
- Current investments -€83,356
down €83,356 (-22.8%), from €365,162 to €281,806
- Tangible fixed assets -€43,516
down €43,516 (-9.3%), from €466,463 to €422,947
- Receivables within one year +€19,400
up €19,400 (+32.5%), from €59,730 to €79,130
of which Trade receivables: +€19,523
- Other debts +€112,093
up €112,093 (+255%), from €43,884 to €155,978
- Debts after one year -€46,245
down €46,245 (-20.0%), from €231,421 to €185,176
- Reserves +€30,000
up €30,000 (+5.4%), from €557,500 to €587,500
of which Distributable reserves: +€30,000
- Tax, wage and social debts +€12,811
up €12,811 (+55.4%), from €23,115 to €35,926
of which Taxes: +€12,811
- Gross operating margin +€52,439
up €52,439 (+23.1%), from €227,255 to €279,694
- Staff costs -€22,353
down €22,353 (-97.9%), from €22,834 to €481
- Taxes +€20,896
up €20,896 (+55.5%), from €37,650 to €58,546
- Depreciation -€3,415
down €3,415 (-9.7%), from €35,102 to €31,687
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 | €931,628 | €1,047,170 | +€115,542 | +12.4% |
| Fixed assets | 21/28 | €468,273 | €424,697 | -€43,576 | -9.3% |
| Tangible fixed assets | 22/27 | €466,463 | €422,947 | -€43,516 | -9.3% |
| Land and buildings | 22 | €414,205 | €396,517 | -€17,688 | -4.3% |
| Plant, machinery and equipment | 23 | €28,106 | €11,630 | -€16,476 | -58.6% |
| Furniture and vehicles | 24 | €23,852 | €14,499 | -€9,352 | -39.2% |
| Other tangible fixed assets | 26 | €300 | €300 | = | 0.0% |
| Financial fixed assets | 28 | €1,810 | €1,750 | -€60 | -3.3% |
| Current assets | 29/58 | €463,355 | €622,473 | +€159,118 | +34.3% |
| Amounts receivable within one year | 40/41 | €59,730 | €79,130 | +€19,400 | +32.5% |
| Trade receivables | 40 | €59,607 | €79,130 | +€19,523 | +32.8% |
| Other amounts receivable | 41 | €123 | €0 | -€123 | -100% |
| Current investments | 50/53 | €365,162 | €281,806 | -€83,356 | -22.8% |
| Cash at bank and in hand | 54/58 | €36,028 | €259,156 | +€223,128 | +619% |
| Deferred charges and accrued income | 490/1 | €2,435 | €2,381 | -€54 | -2.2% |
| Total equity and liabilities | 10/49 | €931,628 | €1,047,170 | +€115,542 | +12.4% |
| Equity | 10/15 | €580,043 | €609,674 | +€29,630 | +5.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €557,500 | €587,500 | +€30,000 | +5.4% |
| Tax-exempt reserves | 132 | €37,500 | €37,500 | = | 0.0% |
| Distributable reserves | 133 | €520,000 | €550,000 | +€30,000 | +5.8% |
| Profit (loss) carried forward | 14 | €3,943 | €3,574 | -€370 | -9.4% |
| Provisions and deferred taxes | 16 | €1,500 | €1,500 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €1,500 | €1,500 | = | 0.0% |
| Environmental obligations | 163 | €0 | - | = | |
| Other liabilities and charges | 164/5 | €1,500 | €1,500 | = | 0.0% |
| Amounts payable | 17/49 | €350,085 | €435,997 | +€85,912 | +24.5% |
| Amounts payable after more than one year | 17 | €231,421 | €185,176 | -€46,245 | -20.0% |
| Financial debts | 170/4 | €231,421 | €185,176 | -€46,245 | -20.0% |
| Amounts payable within one year | 42/48 | €118,295 | €246,128 | +€127,833 | +108% |
| Current portion of amounts payable after more than one year | 42 | €47,510 | €48,472 | +€962 | +2.0% |
| Trade debts | 44 | €3,785 | €5,752 | +€1,967 | +52.0% |
| Suppliers | 440/4 | €3,785 | €5,752 | +€1,967 | +52.0% |
| Taxes, remuneration and social security | 45 | €23,115 | €35,926 | +€12,811 | +55.4% |
| Taxes | 450/3 | €21,025 | €33,835 | +€12,811 | +60.9% |
| Remuneration and social security | 454/9 | €2,091 | €2,091 | = | 0.0% |
| Other amounts payable | 47/48 | €43,884 | €155,978 | +€112,093 | +255% |
| Accrued charges and deferred income | 492/3 | €368 | €4,692 | +€4,324 | +1,173% |
| Non-recurring operating income | 76A | €0 | €3,576 | +€3,576 | |
| Remuneration, social security and pensions | 62 | €22,834 | €481 | -€22,353 | -97.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,102 | €31,687 | -€3,415 | -9.7% |
| Other operating charges | 640/8 | €3,517 | €5,343 | +€1,826 | +51.9% |
| Non-recurring operating charges | 66A | €3,675 | €0 | -€3,675 | -100% |
| Gross operating margin | 9900 | €227,255 | €279,694 | +€52,439 | +23.1% |
| Operating profit (loss) | 9901 | €162,127 | €242,183 | +€80,056 | +49.4% |
| Financial income | 75/76B | €4,496 | €4,098 | -€398 | -8.9% |
| Recurring financial income | 75 | €4,496 | €4,098 | -€398 | -8.9% |
| Financial charges | 65/66B | €6,051 | €5,104 | -€946 | -15.6% |
| Recurring financial charges | 65 | €6,051 | €5,104 | -€946 | -15.6% |
| Profit (loss) for the period before taxes | 9903 | €160,573 | €241,177 | +€80,604 | +50.2% |
| Income taxes | 67/77 | €37,650 | €58,546 | +€20,896 | +55.5% |
| Profit (loss) for the period | 9904 | €122,923 | €182,630 | +€59,708 | +48.6% |
| Profit (loss) for the period to be appropriated | 9905 | €122,923 | €182,630 | +€59,708 | +48.6% |
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 27 October 2026 via checked.be.