JOHAN DAVID: what changed
Two fiscal 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.
JOHAN DAVID
Largest movements
- Tangible fixed assets -€20,691
down €20,691 (-6.3%), from €325,892 to €305,201
of which Land and buildings: -€14,473
- Debts after one year -€22,056
down €22,056 (-29.5%), from €74,860 to €52,804
- Other operating charges +€4,570
up €4,570 (+428.2%), from €1,067 to €5,638
- Gross operating margin +€2,948
up €2,948 (+13.7%), from €21,590 to €24,537
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.
Cash bridge derived
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 | €325,894 | €305,209 | -€20,686 | -6.3% |
| Fixed assets | 21/28 | €325,892 | €305,201 | -€20,691 | -6.3% |
| Tangible fixed assets | 22/27 | €325,892 | €305,201 | -€20,691 | -6.3% |
| Land and buildings | 22 | €182,105 | €167,632 | -€14,473 | -7.9% |
| Plant, machinery and equipment | 23 | €143,787 | €137,569 | -€6,217 | -4.3% |
| Current assets | 29/58 | €2 | €8 | +€5 | +255.9% |
| Cash at bank and in hand | 54/58 | €2 | €8 | +€5 | +255.9% |
| Total equity and liabilities | 10/49 | €325,894 | €305,209 | -€20,686 | -6.3% |
| Equity | 10/15 | €153,091 | €151,300 | -€1,792 | -1.2% |
| Contributions | 10/11 | €124,000 | €124,000 | = | 0.0% |
| Reserves | 13 | €12,400 | €12,400 | = | 0.0% |
| Non-distributable reserves | 130/1 | €12,400 | €12,400 | = | 0.0% |
| Reserves not available under the articles | 1311 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,691 | €14,900 | -€1,792 | -10.7% |
| Amounts payable | 17/49 | €172,803 | €153,909 | -€18,894 | -10.9% |
| Amounts payable after more than one year | 17 | €74,860 | €52,804 | -€22,056 | -29.5% |
| Financial debts | 170/4 | €74,860 | €52,804 | -€22,056 | -29.5% |
| Amounts payable within one year | 42/48 | €97,943 | €101,105 | +€3,162 | +3.2% |
| Current portion of amounts payable after more than one year | 42 | €22,056 | €22,056 | = | 0.0% |
| Other amounts payable | 47/48 | €75,887 | €79,049 | +€3,162 | +4.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,691 | €20,691 | = | 0.0% |
| Other operating charges | 640/8 | €1,067 | €5,638 | +€4,570 | +428.2% |
| Gross operating margin | 9900 | €21,590 | €24,537 | +€2,948 | +13.7% |
| Operating profit (loss) | 9901 | -€169 | -€1,792 | -€1,623 | -962.5% |
| Profit (loss) for the period before taxes | 9903 | -€169 | -€1,792 | -€1,623 | -962.5% |
| Profit (loss) for the period | 9904 | -€169 | -€1,792 | -€1,623 | -962.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€169 | -€1,792 | -€1,623 | -962.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.