JOAN DUBAERE: 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.
JOAN DUBAERE
Largest movements
- Cash -€155,564
down €155,564 (-34.3%), from €453,929 to €298,365
mainly Contributions, distributions and other (-€208,110) and Receivables within one year (-€84,894)
- Receivables within one year +€84,894
up €84,894 (+37.2%), from €228,330 to €313,224
of which Other amounts receivable: +€92,146
- Tangible fixed assets -€28,698
down €28,698 (-2.5%), from €1.2m to €1.1m
of which Land and buildings: -€24,422
- Reserves -€61,126
down €61,126 (-3.5%), from €1.7m to €1.7m
of which Distributable reserves: -€61,126
- Debts after one year -€20,000
down €20,000 (-100%), from €20,000 to €0
- Gross operating margin -€32,831
down €32,831 (-10.0%), from €329,802 to €296,971
- Taxes +€8,079
up €8,079 (+13.6%), from €59,206 to €67,286
- Financial charges -€4,382
down €4,382 (-65.4%), from €6,700 to €2,317
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 | €1,877,263 | €1,776,057 | -€101,206 | -5.4% |
| Fixed assets | 21/28 | €1,192,515 | €1,163,817 | -€28,698 | -2.4% |
| Tangible fixed assets | 22/27 | €1,170,920 | €1,142,222 | -€28,698 | -2.5% |
| Land and buildings | 22 | €1,060,345 | €1,035,923 | -€24,422 | -2.3% |
| Plant, machinery and equipment | 23 | €9,861 | €8,468 | -€1,393 | -14.1% |
| Furniture and vehicles | 24 | €23,644 | €32,094 | +€8,450 | +35.7% |
| Other tangible fixed assets | 26 | €77,071 | €65,737 | -€11,334 | -14.7% |
| Financial fixed assets | 28 | €21,595 | €21,595 | = | 0.0% |
| Current assets | 29/58 | €684,748 | €612,240 | -€72,507 | -10.6% |
| Amounts receivable within one year | 40/41 | €228,330 | €313,224 | +€84,894 | +37.2% |
| Trade receivables | 40 | €189,620 | €182,369 | -€7,252 | -3.8% |
| Other amounts receivable | 41 | €38,709 | €130,855 | +€92,146 | +238% |
| Cash at bank and in hand | 54/58 | €453,929 | €298,365 | -€155,564 | -34.3% |
| Deferred charges and accrued income | 490/1 | €2,489 | €652 | -€1,838 | -73.8% |
| Total equity and liabilities | 10/49 | €1,877,263 | €1,776,057 | -€101,206 | -5.4% |
| Equity | 10/15 | €1,736,769 | €1,675,643 | -€61,126 | -3.5% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,724,369 | €1,663,243 | -€61,126 | -3.5% |
| Non-distributable reserves | 130/1 | €28,691 | €28,691 | = | 0.0% |
| Reserves not available under the articles | 1311 | €28,691 | €28,691 | = | 0.0% |
| Distributable reserves | 133 | €1,695,678 | €1,634,552 | -€61,126 | -3.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €140,494 | €100,414 | -€40,080 | -28.5% |
| Amounts payable after more than one year | 17 | €20,000 | €0 | -€20,000 | -100% |
| Financial debts | 170/4 | €20,000 | €0 | -€20,000 | -100% |
| Amounts payable within one year | 42/48 | €117,457 | €96,972 | -€20,485 | -17.4% |
| Current portion of amounts payable after more than one year | 42 | €28,889 | €22,223 | -€6,666 | -23.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €13,978 | €12,488 | -€1,490 | -10.7% |
| Suppliers | 440/4 | €13,978 | €12,488 | -€1,490 | -10.7% |
| Taxes, remuneration and social security | 45 | €74,590 | €62,261 | -€12,329 | -16.5% |
| Taxes | 450/3 | €72,227 | €59,856 | -€12,371 | -17.1% |
| Remuneration and social security | 454/9 | €2,363 | €2,405 | +€42 | +1.8% |
| Accrued charges and deferred income | 492/3 | €3,036 | €3,442 | +€406 | +13.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €75,036 | €76,732 | +€1,696 | +2.3% |
| Other operating charges | 640/8 | €8,097 | €10,867 | +€2,769 | +34.2% |
| Gross operating margin | 9900 | €329,802 | €296,971 | -€32,831 | -10.0% |
| Operating profit (loss) | 9901 | €246,668 | €209,372 | -€37,296 | -15.1% |
| Financial income | 75/76B | €4,567 | €7,215 | +€2,648 | +58.0% |
| Recurring financial income | 75 | €4,567 | €7,215 | +€2,648 | +58.0% |
| Financial charges | 65/66B | €6,700 | €2,317 | -€4,382 | -65.4% |
| Recurring financial charges | 65 | €6,700 | €2,317 | -€4,382 | -65.4% |
| Profit (loss) for the period before taxes | 9903 | €244,535 | €214,270 | -€30,266 | -12.4% |
| Income taxes | 67/77 | €59,206 | €67,286 | +€8,079 | +13.6% |
| Profit (loss) for the period | 9904 | €185,329 | €146,984 | -€38,345 | -20.7% |
| Profit (loss) for the period to be appropriated | 9905 | €185,329 | €146,984 | -€38,345 | -20.7% |
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 23 October 2026 via checked.be.