JON VONCKE: 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.
JON VONCKE
Largest movements
- Cash +€26,971
up €26,971 (+134.1%), from €20,112 to €47,083
mainly Net result for the year (+€46,641) and Depreciation (+€11,787)
- Current investments +€15,000
new in 2025: €15,000
- Tangible fixed assets -€11,787
down €11,787 (-5.7%), from €205,961 to €194,174
of which Land and buildings: -€7,463
- Receivables within one year -€3,191
down €3,191 (-34.5%), from €9,238 to €6,046
of which Trade receivables: -€2,881
- Reserves +€46,641
up €46,641 (+45.6%), from €102,227 to €148,868
- Other debts -€14,999
down €14,999 (-38.0%), from €39,478 to €24,480
- Debts after one year -€6,808
down €6,808 (-8.1%), from €84,216 to €77,408
- Gross operating margin +€8,887
up €8,887 (+11.1%), from €80,010 to €88,898
- Taxes +€4,431
up €4,431 (+23.2%), from €19,076 to €23,507
- Financial charges -€1,256
down €1,256 (-18.6%), from €6,756 to €5,500
- Depreciation -€943
down €943 (-7.4%), from €12,731 to €11,787
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 | €235,862 | €262,880 | +€27,018 | +11.5% |
| Fixed assets | 21/28 | €205,961 | €194,174 | -€11,787 | -5.7% |
| Tangible fixed assets | 22/27 | €205,961 | €194,174 | -€11,787 | -5.7% |
| Land and buildings | 22 | €193,511 | €186,048 | -€7,463 | -3.9% |
| Plant, machinery and equipment | 23 | €7,110 | €5,889 | -€1,222 | -17.2% |
| Furniture and vehicles | 24 | €5,340 | €2,237 | -€3,103 | -58.1% |
| Current assets | 29/58 | €29,901 | €68,706 | +€38,805 | +129.8% |
| Amounts receivable within one year | 40/41 | €9,238 | €6,046 | -€3,191 | -34.5% |
| Trade receivables | 40 | €2,881 | €0 | -€2,881 | -100.0% |
| Other amounts receivable | 41 | €6,357 | €6,046 | -€311 | -4.9% |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €20,112 | €47,083 | +€26,971 | +134.1% |
| Deferred charges and accrued income | 490/1 | €551 | €576 | +€25 | +4.6% |
| Total equity and liabilities | 10/49 | €235,862 | €262,880 | +€27,018 | +11.5% |
| Equity | 10/15 | €102,227 | €148,868 | +€46,641 | +45.6% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €102,227 | €148,868 | +€46,641 | +45.6% |
| Distributable reserves | 133 | €102,227 | €148,868 | +€46,641 | +45.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €133,635 | €114,011 | -€19,623 | -14.7% |
| Amounts payable after more than one year | 17 | €84,216 | €77,408 | -€6,808 | -8.1% |
| Financial debts | 170/4 | €84,216 | €77,408 | -€6,808 | -8.1% |
| Amounts payable within one year | 42/48 | €47,117 | €34,355 | -€12,762 | -27.1% |
| Current portion of amounts payable after more than one year | 42 | €6,505 | €6,808 | +€302 | +4.6% |
| Trade debts | 44 | €1,133 | €1,082 | -€52 | -4.6% |
| Suppliers | 440/4 | €1,133 | €1,082 | -€52 | -4.6% |
| Taxes, remuneration and social security | 45 | €0 | €1,987 | +€1,987 | |
| Taxes | 450/3 | €0 | €1,987 | +€1,987 | |
| Other amounts payable | 47/48 | €39,478 | €24,480 | -€14,999 | -38.0% |
| Accrued charges and deferred income | 492/3 | €2,302 | €2,248 | -€54 | -2.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,731 | €11,787 | -€943 | -7.4% |
| Other operating charges | 640/8 | €1,423 | €1,464 | +€41 | +2.9% |
| Non-recurring operating charges | 66A | €2,509 | €0 | -€2,509 | -100.0% |
| Gross operating margin | 9900 | €80,010 | €88,898 | +€8,887 | +11.1% |
| Operating profit (loss) | 9901 | €63,347 | €75,646 | +€12,299 | +19.4% |
| Financial income | 75/76B | €834 | €2 | -€833 | -99.8% |
| Recurring financial income | 75 | €834 | €2 | -€833 | -99.8% |
| Financial charges | 65/66B | €6,756 | €5,500 | -€1,256 | -18.6% |
| Recurring financial charges | 65 | €6,756 | €5,500 | -€1,256 | -18.6% |
| Profit (loss) for the period before taxes | 9903 | €57,426 | €70,148 | +€12,722 | +22.2% |
| Income taxes | 67/77 | €19,076 | €23,507 | +€4,431 | +23.2% |
| Profit (loss) for the period | 9904 | €38,350 | €46,641 | +€8,291 | +21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €38,350 | €46,641 | +€8,291 | +21.6% |
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 11 October 2026 via checked.be.