L. DE JONGH: 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.
L. DE JONGH
Largest movements
- Cash +€184,923
up €184,923 (+43.9%), from €420,880 to €605,803
mainly Net result for the year (+€126,291) and Trade debts (+€47,633)
- Receivables within one year +€34,495
up €34,495 (+21.6%), from €159,427 to €193,923
- Tangible fixed assets -€10,373
down €10,373 (-12.6%), from €82,351 to €71,978
of which Furniture and vehicles: -€7,362
- Reserves +€126,291
up €126,291 (+37.5%), from €336,347 to €462,638
of which Distributable reserves: +€126,291
- Trade debts +€47,633
up €47,633 (+24.2%), from €196,799 to €244,433
- Tax, wage and social debts +€25,180
up €25,180 (+26.1%), from €96,621 to €121,801
of which Taxes: +€24,222
- Other debts +€10,021
up €10,021 (+60.8%), from €16,490 to €26,511
- Gross operating margin +€102,112
up €102,112 (+31.1%), from €328,681 to €430,793
- Taxes +€25,489
up €25,489 (+79.7%), from €31,971 to €57,461
- Staff costs +€24,563
up €24,563 (+12.3%), from €200,276 to €224,839
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.
Cash bridge derived
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 | €672,102 | €881,227 | +€209,125 | +31.1% |
| Fixed assets | 21/28 | €82,351 | €71,978 | -€10,373 | -12.6% |
| Tangible fixed assets | 22/27 | €82,351 | €71,978 | -€10,373 | -12.6% |
| Land and buildings | 22 | €37,098 | €37,098 | = | 0.0% |
| Plant, machinery and equipment | 23 | €5,985 | €2,975 | -€3,010 | -50.3% |
| Furniture and vehicles | 24 | €39,268 | €31,905 | -€7,362 | -18.7% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Current assets | 29/58 | €589,751 | €809,249 | +€219,498 | +37.2% |
| Stocks and contracts in progress | 3 | €9,444 | €9,523 | +€79 | +0.8% |
| Stocks | 30/36 | €9,444 | €9,523 | +€79 | +0.8% |
| Amounts receivable within one year | 40/41 | €159,427 | €193,923 | +€34,495 | +21.6% |
| Trade receivables | 40 | €159,427 | €193,923 | +€34,495 | +21.6% |
| Cash at bank and in hand | 54/58 | €420,880 | €605,803 | +€184,923 | +43.9% |
| Total equity and liabilities | 10/49 | €672,102 | €881,227 | +€209,125 | +31.1% |
| Equity | 10/15 | €362,191 | €488,482 | +€126,291 | +34.9% |
| Contributions | 10/11 | €30,987 | €30,987 | = | 0.0% |
| Reserves | 13 | €336,347 | €462,638 | +€126,291 | +37.5% |
| Non-distributable reserves | 130/1 | €3,099 | €3,099 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,099 | €3,099 | = | 0.0% |
| Distributable reserves | 133 | €333,248 | €459,539 | +€126,291 | +37.9% |
| Profit (loss) carried forward | 14 | -€5,142 | -€5,142 | = | 0.0% |
| Amounts payable | 17/49 | €309,911 | €392,745 | +€82,834 | +26.7% |
| Amounts payable within one year | 42/48 | €309,911 | €392,745 | +€82,834 | +26.7% |
| Trade debts | 44 | €196,799 | €244,433 | +€47,633 | +24.2% |
| Suppliers | 440/4 | €196,799 | €244,433 | +€47,633 | +24.2% |
| Taxes, remuneration and social security | 45 | €96,621 | €121,801 | +€25,180 | +26.1% |
| Taxes | 450/3 | €71,714 | €95,937 | +€24,222 | +33.8% |
| Remuneration and social security | 454/9 | €24,907 | €25,865 | +€958 | +3.8% |
| Other amounts payable | 47/48 | €16,490 | €26,511 | +€10,021 | +60.8% |
| Remuneration, social security and pensions | 62 | €200,276 | €224,839 | +€24,563 | +12.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,397 | €13,551 | +€153 | +1.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€226 | - | +€226 | |
| Other operating charges | 640/8 | €9,064 | €8,391 | -€673 | -7.4% |
| Gross operating margin | 9900 | €328,681 | €430,793 | +€102,112 | +31.1% |
| Operating profit (loss) | 9901 | €106,170 | €184,013 | +€77,843 | +73.3% |
| Financial income | 75/76B | - | €46 | +€46 | |
| Recurring financial income | 75 | - | €46 | +€46 | |
| Financial charges | 65/66B | €418 | €308 | -€111 | -26.5% |
| Recurring financial charges | 65 | €418 | €308 | -€111 | -26.5% |
| Profit (loss) for the period before taxes | 9903 | €105,751 | €183,751 | +€78,000 | +73.8% |
| Income taxes | 67/77 | €31,971 | €57,461 | +€25,489 | +79.7% |
| Profit (loss) for the period | 9904 | €73,780 | €126,291 | +€52,511 | +71.2% |
| Profit (loss) for the period to be appropriated | 9905 | €73,780 | €126,291 | +€52,511 | +71.2% |
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 11 October 2026 via checked.be.