Jo De Rijck: 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 Rijck
Largest movements
- Receivables within one year -€7,435
down €7,435 (-13.3%), from €55,872 to €48,437
of which Trade receivables: -€10,931
- Tangible fixed assets -€4,055
down €4,055 (-16.5%), from €24,508 to €20,453
of which Furniture and vehicles: -€5,639
- Cash -€2,654
down €2,654 (-61.9%), from €4,286 to €1,632
mainly Advances received (-€9,095) and Trade debts (-€8,125)
- Deferred charges and accrued income +€1,850
up €1,850 (+196%), from €944 to €2,794
- Financial fixed assets -€1,500
down €1,500 (-100%), from €1,500 to €0
- Advances received -€9,095
down €9,095 (-100%), from €9,095 to €0
- Trade debts -€8,125
down €8,125 (-17.2%), from €47,347 to €39,223
- Reserves +€4,296
up €4,296 (+105%), from €4,084 to €8,380
- Other debts -€2,142
down €2,142 (-100%), from €2,142 to €0
- Tax, wage and social debts +€1,272
up €1,272 (+21.8%), from €5,842 to €7,114
- Gross operating margin -€8,008
down €8,008 (-31.4%), from €25,482 to €17,474
- Taxes +€1,565
up €1,565 (+93.6%), from €1,672 to €3,237
- Other operating charges +€1,044
up €1,044 (+164%), from €637 to €1,682
- Depreciation +€522
up €522 (+7.2%), from €7,221 to €7,742
- Financial income -€313
down €313 (-100%), from €313 to €0
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 | €87,111 | €73,316 | -€13,794 | -15.8% |
| Fixed assets | 21/28 | €26,008 | €20,453 | -€5,555 | -21.4% |
| Intangible fixed assets | 21 | €0 | - | = | |
| Tangible fixed assets | 22/27 | €24,508 | €20,453 | -€4,055 | -16.5% |
| Plant, machinery and equipment | 23 | €0 | - | = | |
| Furniture and vehicles | 24 | €24,508 | €18,869 | -€5,639 | -23.0% |
| Other tangible fixed assets | 26 | - | €1,583 | +€1,583 | |
| Financial fixed assets | 28 | €1,500 | €0 | -€1,500 | -100% |
| Current assets | 29/58 | €61,103 | €52,864 | -€8,239 | -13.5% |
| Amounts receivable within one year | 40/41 | €55,872 | €48,437 | -€7,435 | -13.3% |
| Trade receivables | 40 | €48,486 | €37,555 | -€10,931 | -22.5% |
| Other amounts receivable | 41 | €7,387 | €10,882 | +€3,495 | +47.3% |
| Cash at bank and in hand | 54/58 | €4,286 | €1,632 | -€2,654 | -61.9% |
| Deferred charges and accrued income | 490/1 | €944 | €2,794 | +€1,850 | +196% |
| Total equity and liabilities | 10/49 | €87,111 | €73,316 | -€13,794 | -15.8% |
| Equity | 10/15 | €22,684 | €26,980 | +€4,296 | +18.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €4,084 | €8,380 | +€4,296 | +105% |
| Distributable reserves | 133 | €4,084 | €8,380 | +€4,296 | +105% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €64,427 | €46,336 | -€18,090 | -28.1% |
| Amounts payable within one year | 42/48 | €64,427 | €46,336 | -€18,090 | -28.1% |
| Trade debts | 44 | €47,347 | €39,223 | -€8,125 | -17.2% |
| Suppliers | 440/4 | €47,347 | €39,223 | -€8,125 | -17.2% |
| Advances received on contracts in progress | 46 | €9,095 | €0 | -€9,095 | -100% |
| Taxes, remuneration and social security | 45 | €5,842 | €7,114 | +€1,272 | +21.8% |
| Taxes | 450/3 | €5,842 | €7,114 | +€1,272 | +21.8% |
| Other amounts payable | 47/48 | €2,142 | €0 | -€2,142 | -100% |
| Non-recurring operating income | 76A | €1,056 | €0 | -€1,056 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,221 | €7,742 | +€522 | +7.2% |
| Other operating charges | 640/8 | €637 | €1,682 | +€1,044 | +164% |
| Non-recurring operating charges | 66A | €2,400 | €0 | -€2,400 | -100% |
| Gross operating margin | 9900 | €25,482 | €17,474 | -€8,008 | -31.4% |
| Operating profit (loss) | 9901 | €15,224 | €8,050 | -€7,174 | -47.1% |
| Financial income | 75/76B | €313 | €0 | -€313 | -100% |
| Recurring financial income | 75 | €313 | €0 | -€313 | -100% |
| Financial charges | 65/66B | €247 | €517 | +€271 | +110% |
| Recurring financial charges | 65 | €247 | €517 | +€271 | +110% |
| Profit (loss) for the period before taxes | 9903 | €15,291 | €7,533 | -€7,758 | -50.7% |
| Income taxes | 67/77 | €1,672 | €3,237 | +€1,565 | +93.6% |
| Profit (loss) for the period | 9904 | €13,619 | €4,296 | -€9,323 | -68.5% |
| Profit (loss) for the period to be appropriated | 9905 | €13,619 | €4,296 | -€9,323 | -68.5% |
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 1 November 2026 via checked.be.