Jules De Buck: 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.
Jules De Buck
Largest movements
- Tangible fixed assets -€31,871
down €31,871 (-3.8%), from €842,357 to €810,485
- Debts after one year -€37,636
down €37,636 (-7.8%), from €483,079 to €445,444
- Profit (loss) carried forward +€14,507
up €14,507 (+36.5%), from -€39,735 to -€25,229
- Gross operating margin +€24,308
up €24,308 (+55.7%), from €43,649 to €67,957
- Depreciation +€958
up €958 (+2.1%), from €45,520 to €46,478
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 | €853,445 | €830,851 | -€22,594 | -2.6% |
| Fixed assets | 21/28 | €844,215 | €812,344 | -€31,871 | -3.8% |
| Tangible fixed assets | 22/27 | €842,357 | €810,485 | -€31,871 | -3.8% |
| Land and buildings | 22 | €694,240 | €684,469 | -€9,771 | -1.4% |
| Plant, machinery and equipment | 23 | €54,291 | €45,474 | -€8,816 | -16.2% |
| Furniture and vehicles | 24 | €93,826 | €80,542 | -€13,284 | -14.2% |
| Financial fixed assets | 28 | €1,858 | €1,858 | = | 0.0% |
| Current assets | 29/58 | €9,230 | €18,507 | +€9,277 | +101% |
| Amounts receivable within one year | 40/41 | - | €5,600 | +€5,600 | |
| Trade receivables | 40 | - | €5,600 | +€5,600 | |
| Cash at bank and in hand | 54/58 | €9,230 | €12,907 | +€3,678 | +39.8% |
| Total equity and liabilities | 10/49 | €853,445 | €830,851 | -€22,594 | -2.6% |
| Equity | 10/15 | €20,265 | €34,771 | +€14,507 | +71.6% |
| Contributions | 10/11 | €60,000 | €60,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€39,735 | -€25,229 | +€14,507 | +36.5% |
| Amounts payable | 17/49 | €833,180 | €796,079 | -€37,101 | -4.5% |
| Amounts payable after more than one year | 17 | €483,079 | €445,444 | -€37,636 | -7.8% |
| Financial debts | 170/4 | €483,079 | €445,444 | -€37,636 | -7.8% |
| Amounts payable within one year | 42/48 | €350,101 | €350,636 | +€535 | +0.2% |
| Current portion of amounts payable after more than one year | 42 | €37,101 | €37,636 | +€535 | +1.4% |
| Other amounts payable | 47/48 | €313,000 | €313,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €45,520 | €46,478 | +€958 | +2.1% |
| Gross operating margin | 9900 | €43,649 | €67,957 | +€24,308 | +55.7% |
| Operating profit (loss) | 9901 | -€1,871 | €21,479 | +€23,350 | |
| Financial charges | 65/66B | €7,480 | €6,972 | -€508 | -6.8% |
| Recurring financial charges | 65 | €7,480 | €6,972 | -€508 | -6.8% |
| Profit (loss) for the period before taxes | 9903 | -€9,351 | €14,507 | +€23,858 | |
| Profit (loss) for the period | 9904 | -€9,351 | €14,507 | +€23,858 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,351 | €14,507 | +€23,858 |
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.