JOHAN JONCKHEERE: 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.
JOHAN JONCKHEERE
Largest movements
- Stocks and contracts -€55,000
down €55,000 (-35.8%), from €153,448 to €98,448
- Cash +€18,035
up €18,035 (+6.4%), from €281,803 to €299,839
mainly Stocks and contracts (+€55,000) and Deferred charges and accrued income (+€5,070)
- Deferred charges and accrued income -€5,070
down €5,070 (-81.2%), from €6,246 to €1,176
- Reserves -€18,425
down €18,425 (-4.7%), from €392,252 to €373,827
- Other debts -€14,026
down €14,026 (-88.5%), from €15,847 to €1,821
- Trade debts -€5,248
down €5,248 (-38.5%), from €13,616 to €8,368
- Profit (loss) carried forward -€4,498
no longer reported in 2025 (was €4,498)
- Gross operating margin -€35,927
down €35,927, from €12,394 to -€23,533
- Taxes -€2,785
down €2,785 (-95.6%), from €2,911 to €127
- Financial charges -€1,816
down €1,816 (-65.7%), from €2,764 to €947
- Financial income +€783
up €783 (+64.0%), from €1,223 to €2,006
- Other operating charges -€523
down €523 (-61.9%), from €846 to €323
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 | €448,579 | €403,425 | -€45,154 | -10.1% |
| Current assets | 29/58 | €448,579 | €403,425 | -€45,154 | -10.1% |
| Stocks and contracts in progress | 3 | €153,448 | €98,448 | -€55,000 | -35.8% |
| Stocks | 30/36 | €153,448 | €98,448 | -€55,000 | -35.8% |
| Amounts receivable within one year | 40/41 | €7,082 | €3,962 | -€3,119 | -44.0% |
| Trade receivables | 40 | €5,730 | - | -€5,730 | |
| Other amounts receivable | 41 | €1,351 | €3,962 | +€2,611 | +193% |
| Cash at bank and in hand | 54/58 | €281,803 | €299,839 | +€18,035 | +6.4% |
| Deferred charges and accrued income | 490/1 | €6,246 | €1,176 | -€5,070 | -81.2% |
| Total equity and liabilities | 10/49 | €448,579 | €403,425 | -€45,154 | -10.1% |
| Equity | 10/15 | €415,350 | €392,427 | -€22,923 | -5.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €392,252 | €373,827 | -€18,425 | -4.7% |
| Distributable reserves | 133 | €392,252 | €373,827 | -€18,425 | -4.7% |
| Profit (loss) carried forward | 14 | €4,498 | - | -€4,498 | |
| Amounts payable | 17/49 | €33,229 | €10,998 | -€22,231 | -66.9% |
| Amounts payable within one year | 42/48 | €32,714 | €10,998 | -€21,716 | -66.4% |
| Trade debts | 44 | €13,616 | €8,368 | -€5,248 | -38.5% |
| Suppliers | 440/4 | €13,616 | €8,368 | -€5,248 | -38.5% |
| Advances received on contracts in progress | 46 | €2,268 | - | -€2,268 | |
| Taxes, remuneration and social security | 45 | €983 | €809 | -€174 | -17.7% |
| Taxes | 450/3 | €983 | €809 | -€174 | -17.7% |
| Other amounts payable | 47/48 | €15,847 | €1,821 | -€14,026 | -88.5% |
| Accrued charges and deferred income | 492/3 | €515 | - | -€515 | |
| Other operating charges | 640/8 | €846 | €323 | -€523 | -61.9% |
| Gross operating margin | 9900 | €12,394 | -€23,533 | -€35,927 | |
| Operating profit (loss) | 9901 | €11,548 | -€23,855 | -€35,403 | |
| Financial income | 75/76B | €1,223 | €2,006 | +€783 | +64.0% |
| Recurring financial income | 75 | €1,223 | €2,006 | +€783 | +64.0% |
| Financial charges | 65/66B | €2,764 | €947 | -€1,816 | -65.7% |
| Recurring financial charges | 65 | €2,764 | €947 | -€1,816 | -65.7% |
| Profit (loss) for the period before taxes | 9903 | €10,007 | -€22,796 | -€32,804 | |
| Income taxes | 67/77 | €2,911 | €127 | -€2,785 | -95.6% |
| Profit (loss) for the period | 9904 | €7,096 | -€22,923 | -€30,019 | |
| Profit (loss) for the period to be appropriated | 9905 | €7,096 | -€22,923 | -€30,019 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.