JO DE MEESTER: 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 DE MEESTER
Largest movements
- Tangible fixed assets +€89,751
up €89,751 (+45.3%), from €198,031 to €287,782
of which Land and buildings: +€72,241
- Cash +€49,295
up €49,295 (+12.5%), from €393,600 to €442,896
mainly Net result for the year (+€126,676) and Depreciation (+€41,947)
- Receivables within one year -€13,566
down €13,566 (-34.4%), from €39,479 to €25,914
of which Other amounts receivable: -€12,612
- Profit (loss) carried forward +€126,676
up €126,676 (+25.6%), from €493,971 to €620,647
- Gross operating margin +€165,090
up €165,090 (+191%), from €86,519 to €251,608
- Taxes +€30,172
up €30,172 (+495%), from €6,091 to €36,263
- Depreciation +€5,832
up €5,832 (+16.1%), from €36,115 to €41,947
- Staff costs +€2,798
up €2,798 (+7.7%), from €36,279 to €39,077
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 | €637,960 | €762,781 | +€124,821 | +19.6% |
| Fixed assets | 21/28 | €198,031 | €287,782 | +€89,751 | +45.3% |
| Tangible fixed assets | 22/27 | €198,031 | €287,782 | +€89,751 | +45.3% |
| Land and buildings | 22 | €152,440 | €224,681 | +€72,241 | +47.4% |
| Plant, machinery and equipment | 23 | €17,299 | €15,995 | -€1,304 | -7.5% |
| Furniture and vehicles | 24 | €28,056 | €47,106 | +€19,050 | +67.9% |
| Other tangible fixed assets | 26 | €236 | - | -€236 | |
| Current assets | 29/58 | €439,930 | €474,999 | +€35,070 | +8.0% |
| Amounts receivable within one year | 40/41 | €39,479 | €25,914 | -€13,566 | -34.4% |
| Trade receivables | 40 | €23,627 | €22,673 | -€954 | -4.0% |
| Other amounts receivable | 41 | €15,853 | €3,241 | -€12,612 | -79.6% |
| Cash at bank and in hand | 54/58 | €393,600 | €442,896 | +€49,295 | +12.5% |
| Deferred charges and accrued income | 490/1 | €6,850 | €6,190 | -€660 | -9.6% |
| Total equity and liabilities | 10/49 | €637,960 | €762,781 | +€124,821 | +19.6% |
| Equity | 10/15 | €614,792 | €741,468 | +€126,676 | +20.6% |
| Contributions | 10/11 | €118,592 | €118,592 | = | 0.0% |
| Reserves | 13 | €2,229 | €2,229 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €370 | €370 | = | 0.0% |
| Profit (loss) carried forward | 14 | €493,971 | €620,647 | +€126,676 | +25.6% |
| Amounts payable | 17/49 | €23,168 | €21,313 | -€1,855 | -8.0% |
| Amounts payable within one year | 42/48 | €23,168 | €21,313 | -€1,855 | -8.0% |
| Trade debts | 44 | €7,170 | €6,034 | -€1,135 | -15.8% |
| Suppliers | 440/4 | €7,170 | €6,034 | -€1,135 | -15.8% |
| Taxes, remuneration and social security | 45 | €14,380 | €13,637 | -€743 | -5.2% |
| Taxes | 450/3 | €8,106 | €7,205 | -€901 | -11.1% |
| Remuneration and social security | 454/9 | €6,274 | €6,432 | +€158 | +2.5% |
| Other amounts payable | 47/48 | €1,619 | €1,642 | +€23 | +1.4% |
| Remuneration, social security and pensions | 62 | €36,279 | €39,077 | +€2,798 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €36,115 | €41,947 | +€5,832 | +16.1% |
| Other operating charges | 640/8 | €6,100 | €7,398 | +€1,298 | +21.3% |
| Gross operating margin | 9900 | €86,519 | €251,608 | +€165,090 | +191% |
| Operating profit (loss) | 9901 | €8,025 | €163,186 | +€155,161 | +1,933% |
| Financial income | 75/76B | €53 | €122 | +€69 | +132% |
| Recurring financial income | 75 | €53 | €122 | +€69 | +132% |
| Financial charges | 65/66B | €259 | €369 | +€110 | +42.4% |
| Recurring financial charges | 65 | €259 | €369 | +€110 | +42.4% |
| Profit (loss) for the period before taxes | 9903 | €7,818 | €162,939 | +€155,121 | +1,984% |
| Income taxes | 67/77 | €6,091 | €36,263 | +€30,172 | +495% |
| Profit (loss) for the period | 9904 | €1,727 | €126,676 | +€124,949 | +7,235% |
| Profit (loss) for the period to be appropriated | 9905 | €1,727 | €126,676 | +€124,949 | +7,235% |
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 25 October 2026 via checked.be.