JORDAENS: 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.
JORDAENS
Largest movements
- Cash -€27,699
down €27,699 (-40.6%), from €68,296 to €40,597
mainly Net result for the year (-€55,521) and Trade debts (-€7,286)
- Receivables within one year -€1,121
down €1,121 (-9.5%), from €11,808 to €10,688
- Profit (loss) carried forward -€55,521
down €55,521 (-25.3%), from -€219,081 to -€274,602
- Other debts +€36,145
up €36,145 (+47.8%), from €75,625 to €111,770
- Trade debts -€7,286
down €7,286 (-13.3%), from €54,755 to €47,469
- Tax, wage and social debts -€2,165
down €2,165 (-4.5%), from €48,013 to €45,847
of which Remuneration and social security: -€2,627
- Staff costs +€11,349
up €11,349 (+5.5%), from €207,001 to €218,351
- Gross operating margin +€9,771
up €9,771 (+5.7%), from €171,844 to €181,615
- Financial income -€5,041
down €5,041 (-88.3%), from €5,705 to €665
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 | €80,875 | €52,047 | -€28,828 | -35.6% |
| Fixed assets | 21/28 | €557 | €536 | -€22 | -3.9% |
| Tangible fixed assets | 22/27 | €57 | €36 | -€22 | -37.7% |
| Furniture and vehicles | 24 | €57 | €36 | -€22 | -37.7% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €80,318 | €51,511 | -€28,806 | -35.9% |
| Amounts receivable within one year | 40/41 | €11,808 | €10,688 | -€1,121 | -9.5% |
| Trade receivables | 40 | €11,808 | €10,688 | -€1,121 | -9.5% |
| Cash at bank and in hand | 54/58 | €68,296 | €40,597 | -€27,699 | -40.6% |
| Deferred charges and accrued income | 490/1 | €214 | €227 | +€13 | +6.2% |
| Total equity and liabilities | 10/49 | €80,875 | €52,047 | -€28,828 | -35.6% |
| Equity | 10/15 | -€132,318 | -€187,839 | -€55,521 | -42.0% |
| Contributions | 10/11 | €86,763 | €86,763 | = | 0.0% |
| Capital | 10 | €86,763 | €86,763 | = | 0.0% |
| Issued capital | 100 | €86,763 | €86,763 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€219,081 | -€274,602 | -€55,521 | -25.3% |
| Amounts payable | 17/49 | €213,193 | €239,886 | +€26,694 | +12.5% |
| Amounts payable after more than one year | 17 | €34,800 | €34,800 | = | 0.0% |
| Financial debts | 170/4 | €34,800 | €34,800 | = | 0.0% |
| Amounts payable within one year | 42/48 | €178,393 | €205,086 | +€26,694 | +15.0% |
| Trade debts | 44 | €54,755 | €47,469 | -€7,286 | -13.3% |
| Suppliers | 440/4 | €54,755 | €47,469 | -€7,286 | -13.3% |
| Taxes, remuneration and social security | 45 | €48,013 | €45,847 | -€2,165 | -4.5% |
| Taxes | 450/3 | €5,991 | €6,453 | +€462 | +7.7% |
| Remuneration and social security | 454/9 | €42,021 | €39,394 | -€2,627 | -6.3% |
| Other amounts payable | 47/48 | €75,625 | €111,770 | +€36,145 | +47.8% |
| Remuneration, social security and pensions | 62 | €207,001 | €218,351 | +€11,349 | +5.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8 | €22 | +€14 | +188% |
| Other operating charges | 640/8 | €16,353 | €17,404 | +€1,051 | +6.4% |
| Gross operating margin | 9900 | €171,844 | €181,615 | +€9,771 | +5.7% |
| Operating profit (loss) | 9901 | -€51,518 | -€54,162 | -€2,644 | -5.1% |
| Financial income | 75/76B | €5,705 | €665 | -€5,041 | -88.3% |
| Recurring financial income | 75 | €5,705 | €665 | -€5,041 | -88.3% |
| Financial charges | 65/66B | €1,318 | €1,704 | +€386 | +29.3% |
| Recurring financial charges | 65 | €1,318 | €1,704 | +€386 | +29.3% |
| Profit (loss) for the period before taxes | 9903 | -€47,131 | -€55,200 | -€8,070 | -17.1% |
| Income taxes | 67/77 | €313 | €321 | +€8 | +2.6% |
| Profit (loss) for the period | 9904 | -€47,443 | -€55,521 | -€8,078 | -17.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,443 | -€55,521 | -€8,078 | -17.0% |
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 22 October 2026 via checked.be.