Jules Tytgat: what changed
What changed
Jules Tytgat
filed annual accounts (NBB)
Net result for the year
-€23,772
2024 · -€3,590-€20,182
Equity
€719,665
2024 · €743,437-€23,772
Cash
€19,917
2024 · €17,774+€2,144
Balance sheet total
€840,431
2024 · €863,611-€23,180
Largest movements
Assets
- Tangible fixed assets -€23,237
down €23,237 (-3.1%), from €740,411 to €717,175
of which Land and buildings: -€30,635
Equity and liabilities
- Reserves -€23,772
down €23,772 (-5.8%), from €411,260 to €387,488
of which Tax-exempt reserves: -€13,462
Income statement
- Gross operating margin -€23,888
down €23,888 (-74.1%), from €32,220 to €8,332
- Depreciation -€8,049
down €8,049 (-20.5%), from €39,196 to €31,147
- Taxes +€4,319
up €4,319, from -€751 to €3,568
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.
Result 2024
-€3,590
Gross operating margin
-€23,888
Depreciation
+€8,049
Other operating charges
-€35
Financial income
-€1
Financial charges
+€12
Taxes
-€4,319
Result 2025
-€23,772
raises the resultlowers the result
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.
From operations
+€10,054
Investment
-€7,910
Financing
€0
Cash 2024
€17,774
From operations (derived)
+€10,054
Net result for the year
-€23,772
Depreciation
+€31,147
Receivables within one year
+€2,662
Deferred charges and accrued income
-€575
Provisions
-€6,932
Trade debts
+€4,706
Tax, wage and social debts
+€2,817
Investment (derived)
-€7,910
Investment in fixed assets (net)
-€7,910
Cash 2025
€19,917
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €863,611 | €840,431 | -€23,180 | -2.7% |
| Fixed assets | 21/28 | €740,411 | €717,175 | -€23,237 | -3.1% |
| Tangible fixed assets | 22/27 | €740,411 | €717,175 | -€23,237 | -3.1% |
| Land and buildings | 22 | €737,685 | €707,050 | -€30,635 | -4.2% |
| Plant, machinery and equipment | 23 | €2,726 | €2,214 | -€512 | -18.8% |
| Assets under construction and advance payments | 27 | - | €7,910 | +€7,910 | |
| Current assets | 29/58 | €123,199 | €123,256 | +€57 | 0.0% |
| Amounts receivable within one year | 40/41 | €100,421 | €97,759 | -€2,662 | -2.7% |
| Trade receivables | 40 | €1,911 | €0 | -€1,911 | -100% |
| Other amounts receivable | 41 | €98,510 | €97,759 | -€751 | -0.8% |
| Cash at bank and in hand | 54/58 | €17,774 | €19,917 | +€2,144 | +12.1% |
| Deferred charges and accrued income | 490/1 | €5,004 | €5,580 | +€575 | +11.5% |
| Total equity and liabilities | 10/49 | €863,611 | €840,431 | -€23,180 | -2.7% |
| Equity | 10/15 | €743,437 | €719,665 | -€23,772 | -3.2% |
| Contributions | 10/11 | €332,177 | €332,177 | = | 0.0% |
| Capital | 10 | €332,177 | €332,177 | = | 0.0% |
| Issued capital | 100 | €332,177 | €332,177 | = | 0.0% |
| Reserves | 13 | €411,260 | €387,488 | -€23,772 | -5.8% |
| Non-distributable reserves | 130/1 | €33,238 | €33,238 | = | 0.0% |
| Legal reserve | 130 | €33,225 | €33,225 | = | 0.0% |
| Other | 1319 | €13 | €13 | = | 0.0% |
| Tax-exempt reserves | 132 | €294,686 | €281,225 | -€13,462 | -4.6% |
| Distributable reserves | 133 | €83,336 | €73,026 | -€10,310 | -12.4% |
| Provisions and deferred taxes | 16 | €118,425 | €111,493 | -€6,932 | -5.9% |
| Deferred taxes | 168 | €118,425 | €111,493 | -€6,932 | -5.9% |
| Amounts payable | 17/49 | €1,749 | €9,272 | +€7,523 | +430% |
| Amounts payable within one year | 42/48 | €1,749 | €9,272 | +€7,523 | +430% |
| Trade debts | 44 | €1,749 | €6,455 | +€4,706 | +269% |
| Suppliers | 440/4 | €1,749 | €6,455 | +€4,706 | +269% |
| Taxes, remuneration and social security | 45 | €0 | €2,817 | +€2,817 | |
| Taxes | 450/3 | €0 | €2,817 | +€2,817 | |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €39,196 | €31,147 | -€8,049 | -20.5% |
| Other operating charges | 640/8 | €5,325 | €5,360 | +€35 | +0.7% |
| Gross operating margin | 9900 | €32,220 | €8,332 | -€23,888 | -74.1% |
| Operating profit (loss) | 9901 | -€12,301 | -€28,175 | -€15,874 | -129% |
| Financial income | 75/76B | €1,076 | €1,075 | -€1 | -0.1% |
| Recurring financial income | 75 | €1,076 | €1,075 | -€1 | -0.1% |
| Financial charges | 65/66B | €47 | €36 | -€12 | -24.7% |
| Recurring financial charges | 65 | €47 | €36 | -€12 | -24.7% |
| Profit (loss) for the period before taxes | 9903 | -€11,272 | -€27,135 | -€15,863 | -141% |
| Transfer from deferred taxes | 780 | €6,932 | €6,932 | = | 0.0% |
| Income taxes | 67/77 | -€751 | €3,568 | +€4,319 | |
| Profit (loss) for the period | 9904 | -€3,590 | -€23,772 | -€20,182 | -562% |
| Transfer from tax-exempt reserves | 789 | €13,462 | €13,462 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,872 | -€10,310 | -€20,182 |
Next steps
Work out how much credit to give this customer and on what payment terms.Credit check Check what to know before you do business with this company.Supplier due diligence Check whether you can accept this company as a client under the anti-money-laundering law.AML client file Compare this company with its sector.Sector benchmark
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 4 November 2026 via checked.be.