Jonathan Rombouts: what changed
Jonathan Rombouts
Largest movements
- Receivables within one year +€94,721
up €94,721 (+81.2%), from €116,644 to €211,365
of which Trade receivables: +€94,721
- Cash -€59,691
down €59,691 (-75.5%), from €79,016 to €19,325
mainly Receivables within one year (-€94,721) and Investment in fixed assets (net) (-€47,633)
- Stocks and contracts -€42,748
down €42,748 (-74.9%), from €57,089 to €14,341
of which Contracts in progress: -€45,809
- Current investments +€21,089
new in 2025: €21,089
- Tangible fixed assets -€15,938
down €15,938 (-3.0%), from €524,804 to €508,866
of which Plant, machinery and equipment: -€19,767
- Reserves +€58,621
up €58,621 (+22.9%), from €256,327 to €314,948
- Accrued charges and deferred income -€22,475
no longer reported in 2025 (was €22,475)
- Debts after one year -€21,336
down €21,336 (-7.7%), from €277,328 to €255,992
- Other debts +€12,438
up €12,438 (+63.0%), from €19,746 to €32,185
- Current portion of long-term debt -€10,538
down €10,538 (-12.9%), from €81,874 to €71,336
- Staff costs -€42,277
down €42,277 (-23.4%), from €180,710 to €138,432
- Gross operating margin -€42,108
down €42,108 (-12.7%), from €331,220 to €289,112
- Depreciation +€5,678
up €5,678 (+9.8%), from €58,108 to €63,786
- Other operating charges -€4,692
down €4,692 (-74.5%), from €6,300 to €1,609
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €780,266 | €783,355 | +€3,089 | +0.4% |
| Formation expenses | 20 | €231 | €15 | -€216 | -93.6% |
| Fixed assets | 21/28 | €524,804 | €508,866 | -€15,938 | -3.0% |
| Tangible fixed assets | 22/27 | €524,804 | €508,866 | -€15,938 | -3.0% |
| Plant, machinery and equipment | 23 | €42,297 | €22,530 | -€19,767 | -46.7% |
| Furniture and vehicles | 24 | €48,675 | €29,928 | -€18,747 | -38.5% |
| Assets under construction and advance payments | 27 | €433,831 | €456,407 | +€22,576 | +5.2% |
| Current assets | 29/58 | €255,232 | €274,474 | +€19,243 | +7.5% |
| Stocks and contracts in progress | 3 | €57,089 | €14,341 | -€42,748 | -74.9% |
| Stocks | 30/36 | €758 | €3,818 | +€3,060 | +404% |
| Contracts in progress | 37 | €56,331 | €10,523 | -€45,809 | -81.3% |
| Amounts receivable within one year | 40/41 | €116,644 | €211,365 | +€94,721 | +81.2% |
| Trade receivables | 40 | €116,401 | €211,122 | +€94,721 | +81.4% |
| Other amounts receivable | 41 | €243 | €243 | = | 0.0% |
| Current investments | 50/53 | - | €21,089 | +€21,089 | |
| Cash at bank and in hand | 54/58 | €79,016 | €19,325 | -€59,691 | -75.5% |
| Deferred charges and accrued income | 490/1 | €2,483 | €8,355 | +€5,872 | +236% |
| Total equity and liabilities | 10/49 | €780,266 | €783,355 | +€3,089 | +0.4% |
| Equity | 10/15 | €266,327 | €324,948 | +€58,621 | +22.0% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €256,327 | €314,948 | +€58,621 | +22.9% |
| Distributable reserves | 133 | €256,327 | €314,948 | +€58,621 | +22.9% |
| Amounts payable | 17/49 | €513,940 | €458,407 | -€55,533 | -10.8% |
| Amounts payable after more than one year | 17 | €277,328 | €255,992 | -€21,336 | -7.7% |
| Financial debts | 170/4 | €277,328 | €255,992 | -€21,336 | -7.7% |
| Amounts payable within one year | 42/48 | €214,137 | €202,415 | -€11,722 | -5.5% |
| Current portion of amounts payable after more than one year | 42 | €81,874 | €71,336 | -€10,538 | -12.9% |
| Trade debts | 44 | €85,709 | €79,327 | -€6,382 | -7.4% |
| Suppliers | 440/4 | €85,709 | €79,327 | -€6,382 | -7.4% |
| Advances received on contracts in progress | 46 | €10,000 | - | -€10,000 | |
| Taxes, remuneration and social security | 45 | €16,807 | €19,568 | +€2,760 | +16.4% |
| Taxes | 450/3 | €508 | €12,400 | +€11,892 | +2,340% |
| Remuneration and social security | 454/9 | €16,299 | €7,167 | -€9,132 | -56.0% |
| Other amounts payable | 47/48 | €19,746 | €32,185 | +€12,438 | +63.0% |
| Accrued charges and deferred income | 492/3 | €22,475 | - | -€22,475 | |
| Remuneration, social security and pensions | 62 | €180,710 | €138,432 | -€42,277 | -23.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,108 | €63,786 | +€5,678 | +9.8% |
| Other operating charges | 640/8 | €6,300 | €1,609 | -€4,692 | -74.5% |
| Gross operating margin | 9900 | €331,220 | €289,112 | -€42,108 | -12.7% |
| Operating profit (loss) | 9901 | €86,102 | €85,284 | -€817 | -0.9% |
| Financial income | 75/76B | €0 | €639 | +€639 | +1,064,333% |
| Recurring financial income | 75 | €0 | €639 | +€639 | +1,064,333% |
| Financial charges | 65/66B | €13,045 | €12,098 | -€948 | -7.3% |
| Recurring financial charges | 65 | €13,045 | €12,098 | -€948 | -7.3% |
| Profit (loss) for the period before taxes | 9903 | €73,056 | €73,825 | +€769 | +1.1% |
| Income taxes | 67/77 | €14,757 | €15,204 | +€447 | +3.0% |
| Profit (loss) for the period | 9904 | €58,300 | €58,621 | +€322 | +0.6% |
| Profit (loss) for the period to be appropriated | 9905 | €58,300 | €58,621 | +€322 | +0.6% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 6 November 2026 via checked.be.