JONGFORM: 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.
JONGFORM
Largest movements
- Intangible fixed assets +€186,648
up €186,648 (+36.8%), from €506,703 to €693,352
- Formation expenses +€130,000
up €130,000 (+152.9%), from €85,000 to €215,000
- Receivables within one year -€66,882
down €66,882 (-19.7%), from €340,001 to €273,119
of which Other amounts receivable: -€85,596
- Tangible fixed assets -€54,589
down €54,589 (-6.1%), from €893,690 to €839,100
of which Plant, machinery and equipment: -€37,116
- Other debts +€299,356
up €299,356 (+1370.0%), from €21,850 to €321,206
- Short-term financial debts +€169,728
up €169,728 (+29.9%), from €566,894 to €736,621
- Reserves -€127,067
down €127,067 (-8.6%), from €1.5m to €1.4m
of which Distributable reserves: -€127,067
- Tax, wage and social debts -€74,366
down €74,366 (-97.7%), from €76,120 to €1,754
of which Remuneration and social security: -€67,036
- Current portion of long-term debt -€64,095
down €64,095 (-80.5%), from €79,591 to €15,496
- Staff costs -€223,982
down €223,982 (-37.9%), from €591,094 to €367,112
- Gross operating margin -€125,736
down €125,736 (-17.8%), from €705,103 to €579,368
- Depreciation +€38,940
up €38,940 (+22.4%), from €174,000 to €212,941
- Financial charges +€31,603
up €31,603 (+123.4%), from €25,615 to €57,218
- Other operating charges +€13,223
up €13,223 (+23.7%), from €55,865 to €69,088
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,719,159 | €2,881,903 | +€162,744 | +6.0% |
| Formation expenses | 20 | €85,000 | €215,000 | +€130,000 | +152.9% |
| Fixed assets | 21/28 | €1,400,393 | €1,532,452 | +€132,059 | +9.4% |
| Intangible fixed assets | 21 | €506,703 | €693,352 | +€186,648 | +36.8% |
| Tangible fixed assets | 22/27 | €893,690 | €839,100 | -€54,589 | -6.1% |
| Land and buildings | 22 | €560,164 | €555,046 | -€5,118 | -0.9% |
| Plant, machinery and equipment | 23 | €239,454 | €202,338 | -€37,116 | -15.5% |
| Furniture and vehicles | 24 | €13,902 | €9,280 | -€4,621 | -33.2% |
| Leasing and similar rights | 25 | €80,169 | €72,436 | -€7,733 | -9.6% |
| Current assets | 29/58 | €1,233,766 | €1,134,451 | -€99,315 | -8.0% |
| Stocks and contracts in progress | 3 | €701,377 | €694,347 | -€7,029 | -1.0% |
| Stocks | 30/36 | €701,377 | €694,347 | -€7,029 | -1.0% |
| Amounts receivable within one year | 40/41 | €340,001 | €273,119 | -€66,882 | -19.7% |
| Trade receivables | 40 | €254,404 | €273,119 | +€18,714 | +7.4% |
| Other amounts receivable | 41 | €85,596 | - | -€85,596 | |
| Cash at bank and in hand | 54/58 | €22,598 | €242 | -€22,355 | -98.9% |
| Deferred charges and accrued income | 490/1 | €169,791 | €166,743 | -€3,048 | -1.8% |
| Total equity and liabilities | 10/49 | €2,719,159 | €2,881,903 | +€162,744 | +6.0% |
| Equity | 10/15 | €1,583,965 | €1,456,898 | -€127,067 | -8.0% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Capital | 10 | €100,000 | €100,000 | = | 0.0% |
| Issued capital | 100 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €1,483,965 | €1,356,898 | -€127,067 | -8.6% |
| Non-distributable reserves | 130/1 | €10,003 | €10,003 | = | 0.0% |
| Legal reserve | 130 | €10,003 | €10,003 | = | 0.0% |
| Distributable reserves | 133 | €1,473,962 | €1,346,895 | -€127,067 | -8.6% |
| Amounts payable | 17/49 | €1,135,194 | €1,425,005 | +€289,811 | +25.5% |
| Amounts payable after more than one year | 17 | €50,954 | €35,459 | -€15,496 | -30.4% |
| Financial debts | 170/4 | €50,954 | €35,459 | -€15,496 | -30.4% |
| Amounts payable within one year | 42/48 | €1,084,240 | €1,389,547 | +€305,307 | +28.2% |
| Current portion of amounts payable after more than one year | 42 | €79,591 | €15,496 | -€64,095 | -80.5% |
| Financial debts | 43 | €566,894 | €736,621 | +€169,728 | +29.9% |
| Credit institutions | 430/8 | €566,894 | €736,621 | +€169,728 | +29.9% |
| Trade debts | 44 | €339,785 | €314,470 | -€25,315 | -7.5% |
| Suppliers | 440/4 | €339,785 | €314,470 | -€25,315 | -7.5% |
| Taxes, remuneration and social security | 45 | €76,120 | €1,754 | -€74,366 | -97.7% |
| Taxes | 450/3 | €9,084 | €1,754 | -€7,330 | -80.7% |
| Remuneration and social security | 454/9 | €67,036 | - | -€67,036 | |
| Other amounts payable | 47/48 | €21,850 | €321,206 | +€299,356 | +1370.0% |
| Remuneration, social security and pensions | 62 | €591,094 | €367,112 | -€223,982 | -37.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €174,000 | €212,941 | +€38,940 | +22.4% |
| Other operating charges | 640/8 | €55,865 | €69,088 | +€13,223 | +23.7% |
| Gross operating margin | 9900 | €705,103 | €579,368 | -€125,736 | -17.8% |
| Operating profit (loss) | 9901 | -€115,856 | -€69,773 | +€46,083 | +39.8% |
| Financial income | 75/76B | €985 | €318 | -€667 | -67.7% |
| Recurring financial income | 75 | €985 | €318 | -€667 | -67.7% |
| Financial charges | 65/66B | €25,615 | €57,218 | +€31,603 | +123.4% |
| Recurring financial charges | 65 | €25,615 | €57,218 | +€31,603 | +123.4% |
| Profit (loss) for the period before taxes | 9903 | -€140,485 | -€126,673 | +€13,813 | +9.8% |
| Income taxes | 67/77 | €399 | €394 | -€5 | -1.3% |
| Profit (loss) for the period | 9904 | -€140,884 | -€127,067 | +€13,818 | +9.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€140,884 | -€127,067 | +€13,818 | +9.8% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.