Jonkers Law: what changed
Jonkers Law
Largest movements
- Financial fixed assets +€441,998
new in 2025: €441,998
- Receivables within one year +€159,080
up €159,080 (+407%), from €39,078 to €198,158
of which Other amounts receivable: +€159,091
- Cash -€119,418
down €119,418 (-69.3%), from €172,336 to €52,917
mainly Investment in fixed assets (net) (-€446,948) and Receivables within one year (-€159,080)
- Deferred charges and accrued income +€13,767
up €13,767 (+1,411%), from €976 to €14,742
- Tangible fixed assets -€11,436
down €11,436 (-15.2%), from €75,059 to €63,623
of which Furniture and vehicles: -€6,020
- Debts after one year +€283,038
up €283,038 (+726%), from €39,012 to €322,049
- Profit (loss) carried forward +€133,036
up €133,036 (+95.2%), from €139,694 to €272,730
- Current portion of long-term debt +€82,968
up €82,968 (+280%), from €29,643 to €112,611
- Other debts -€12,831
no longer reported in 2025 (was €12,831)
- Tax, wage and social debts -€7,958
down €7,958 (-18.9%), from €42,149 to €34,191
- Gross operating margin -€16,300
down €16,300 (-7.6%), from €214,587 to €198,287
- Other operating charges -€5,981
down €5,981 (-75.2%), from €7,949 to €1,968
- Taxes -€5,003
down €5,003 (-11.0%), from €45,462 to €40,459
- Financial charges +€4,777
up €4,777 (+78.2%), from €6,110 to €10,887
- Financial income +€4,321
up €4,321 (+1,195%), from €362 to €4,682
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 | €288,746 | €772,503 | +€483,756 | +168% |
| Fixed assets | 21/28 | €76,357 | €506,685 | +€430,328 | +564% |
| Intangible fixed assets | 21 | €1,297 | €1,063 | -€234 | -18.1% |
| Tangible fixed assets | 22/27 | €75,059 | €63,623 | -€11,436 | -15.2% |
| Plant, machinery and equipment | 23 | €1,637 | €1,456 | -€182 | -11.1% |
| Furniture and vehicles | 24 | €15,909 | €9,890 | -€6,020 | -37.8% |
| Other tangible fixed assets | 26 | €57,513 | €52,278 | -€5,235 | -9.1% |
| Financial fixed assets | 28 | - | €441,998 | +€441,998 | |
| Current assets | 29/58 | €212,390 | €265,818 | +€53,428 | +25.2% |
| Amounts receivable within one year | 40/41 | €39,078 | €198,158 | +€159,080 | +407% |
| Trade receivables | 40 | €1,578 | €1,567 | -€11 | -0.7% |
| Other amounts receivable | 41 | €37,500 | €196,591 | +€159,091 | +424% |
| Cash at bank and in hand | 54/58 | €172,336 | €52,917 | -€119,418 | -69.3% |
| Deferred charges and accrued income | 490/1 | €976 | €14,742 | +€13,767 | +1,411% |
| Total equity and liabilities | 10/49 | €288,746 | €772,503 | +€483,756 | +168% |
| Equity | 10/15 | €160,154 | €293,190 | +€133,036 | +83.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | €139,694 | €272,730 | +€133,036 | +95.2% |
| Amounts payable | 17/49 | €128,593 | €479,313 | +€350,720 | +273% |
| Amounts payable after more than one year | 17 | €39,012 | €322,049 | +€283,038 | +726% |
| Financial debts | 170/4 | €39,012 | €322,049 | +€283,038 | +726% |
| Amounts payable within one year | 42/48 | €89,581 | €157,263 | +€67,682 | +75.6% |
| Current portion of amounts payable after more than one year | 42 | €29,643 | €112,611 | +€82,968 | +280% |
| Trade debts | 44 | €4,958 | €10,461 | +€5,503 | +111% |
| Suppliers | 440/4 | €4,958 | €10,461 | +€5,503 | +111% |
| Taxes, remuneration and social security | 45 | €42,149 | €34,191 | -€7,958 | -18.9% |
| Taxes | 450/3 | €42,149 | €34,191 | -€7,958 | -18.9% |
| Other amounts payable | 47/48 | €12,831 | - | -€12,831 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,823 | €16,620 | +€797 | +5.0% |
| Other operating charges | 640/8 | €7,949 | €1,968 | -€5,981 | -75.2% |
| Gross operating margin | 9900 | €214,587 | €198,287 | -€16,300 | -7.6% |
| Operating profit (loss) | 9901 | €190,814 | €179,699 | -€11,115 | -5.8% |
| Financial income | 75/76B | €362 | €4,682 | +€4,321 | +1,195% |
| Recurring financial income | 75 | €362 | €4,682 | +€4,321 | +1,195% |
| Financial charges | 65/66B | €6,110 | €10,887 | +€4,777 | +78.2% |
| Recurring financial charges | 65 | €6,110 | €10,887 | +€4,777 | +78.2% |
| Profit (loss) for the period before taxes | 9903 | €185,066 | €173,495 | -€11,572 | -6.3% |
| Income taxes | 67/77 | €45,462 | €40,459 | -€5,003 | -11.0% |
| Profit (loss) for the period | 9904 | €139,604 | €133,036 | -€6,568 | -4.7% |
| Profit (loss) for the period to be appropriated | 9905 | €139,604 | €133,036 | -€6,568 | -4.7% |
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 2 November 2026 via checked.be.