MAES JONKER: 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.
MAES JONKER
Largest movements
- Current investments -€1.0m
down €1.0m (-71.5%), from €1.4m to €400,207
- Tangible fixed assets +€694,620
up €694,620 (+306.6%), from €226,549 to €921,169
of which Plant, machinery and equipment: +€748,128
- Cash -€550,031
down €550,031 (-49.0%), from €1.1m to €573,579
mainly Contributions, distributions and other (-€1.3m) and Investment in fixed assets (net) (-€800,000)
- Receivables within one year -€144,295
down €144,295 (-11.4%), from €1.3m to €1.1m
of which Trade receivables: -€133,295
- Debts after one year -€622,439
down €622,439 (-73.4%), from €847,439 to €225,000
of which Other amounts payable: -€847,439
- Other debts -€298,425
down €298,425 (-35.1%), from €850,000 to €551,575
- Reserves -€91,914
down €91,914 (-4.4%), from €2.1m to €2.0m
of which Distributable reserves: -€91,914
- Current portion of long-term debt +€60,000
new in 2025: €60,000
- Financial charges +€643,753
up €643,753, from -€542,583 to €101,170
- Gross operating margin -€247,351
down €247,351 (-8.3%), from €3.0m to €2.7m
- Financial income -€110,836
down €110,836 (-61.8%), from €179,207 to €68,371
- Taxes -€98,344
down €98,344 (-25.1%), from €391,145 to €292,801
- Depreciation +€76,515
up €76,515 (+265.1%), from €28,865 to €105,380
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 | €4,311,729 | €3,300,107 | -€1.0m | -23.5% |
| Fixed assets | 21/28 | €228,049 | €922,669 | +€694,620 | +304.6% |
| Tangible fixed assets | 22/27 | €226,549 | €921,169 | +€694,620 | +306.6% |
| Plant, machinery and equipment | 23 | - | €748,128 | +€748,128 | |
| Furniture and vehicles | 24 | €226,549 | €173,041 | -€53,508 | -23.6% |
| Financial fixed assets | 28 | €1,500 | €1,500 | = | 0.0% |
| Current assets | 29/58 | €4,083,680 | €2,377,438 | -€1.7m | -41.8% |
| Stocks and contracts in progress | 3 | €277,388 | €263,044 | -€14,344 | -5.2% |
| Stocks | 30/36 | €277,388 | €263,044 | -€14,344 | -5.2% |
| Amounts receivable within one year | 40/41 | €1,263,621 | €1,119,326 | -€144,295 | -11.4% |
| Trade receivables | 40 | €1,241,621 | €1,108,326 | -€133,295 | -10.7% |
| Other amounts receivable | 41 | €22,000 | €11,000 | -€11,000 | -50.0% |
| Current investments | 50/53 | €1,403,331 | €400,207 | -€1.0m | -71.5% |
| Cash at bank and in hand | 54/58 | €1,123,610 | €573,579 | -€550,031 | -49.0% |
| Deferred charges and accrued income | 490/1 | €15,730 | €21,283 | +€5,552 | +35.3% |
| Total equity and liabilities | 10/49 | €4,311,729 | €3,300,107 | -€1.0m | -23.5% |
| Equity | 10/15 | €2,162,581 | €2,070,666 | -€91,914 | -4.3% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Capital | 10 | €90,000 | €90,000 | = | 0.0% |
| Issued capital | 100 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €2,072,581 | €1,980,666 | -€91,914 | -4.4% |
| Non-distributable reserves | 130/1 | €9,000 | €9,000 | = | 0.0% |
| Legal reserve | 130 | €9,000 | €9,000 | = | 0.0% |
| Tax-exempt reserves | 132 | €219,275 | €219,275 | = | 0.0% |
| Distributable reserves | 133 | €1,844,305 | €1,752,391 | -€91,914 | -5.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €4,433 | €4,464 | +€31 | +0.7% |
| Provisions for liabilities and charges | 160/5 | €4,433 | €4,464 | +€31 | +0.7% |
| Other liabilities and charges | 164/5 | €4,433 | €4,464 | +€31 | +0.7% |
| Amounts payable | 17/49 | €2,144,716 | €1,224,978 | -€919,738 | -42.9% |
| Amounts payable after more than one year | 17 | €847,439 | €225,000 | -€622,439 | -73.4% |
| Financial debts | 170/4 | - | €225,000 | +€225,000 | |
| Other amounts payable | 178/9 | €847,439 | €0 | -€847,439 | -100.0% |
| Amounts payable within one year | 42/48 | €1,276,754 | €999,978 | -€276,777 | -21.7% |
| Current portion of amounts payable after more than one year | 42 | - | €60,000 | +€60,000 | |
| Trade debts | 44 | €148,334 | €125,316 | -€23,017 | -15.5% |
| Suppliers | 440/4 | €148,334 | €125,316 | -€23,017 | -15.5% |
| Taxes, remuneration and social security | 45 | €278,421 | €263,086 | -€15,335 | -5.5% |
| Taxes | 450/3 | €131,422 | €129,972 | -€1,450 | -1.1% |
| Remuneration and social security | 454/9 | €146,998 | €133,114 | -€13,885 | -9.4% |
| Other amounts payable | 47/48 | €850,000 | €551,575 | -€298,425 | -35.1% |
| Accrued charges and deferred income | 492/3 | €20,522 | €0 | -€20,522 | -100.0% |
| Non-recurring operating income | 76A | €40,181 | €0 | -€40,181 | -100.0% |
| Remuneration, social security and pensions | 62 | €1,082,505 | €1,121,124 | +€38,619 | +3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,865 | €105,380 | +€76,515 | +265.1% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €14,960 | €191 | -€14,768 | -98.7% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €2,190 | €31 | -€2,159 | -98.6% |
| Other operating charges | 640/8 | €24,834 | €11,423 | -€13,411 | -54.0% |
| Non-recurring operating charges | 66A | €41,143 | €0 | -€41,143 | -100.0% |
| Gross operating margin | 9900 | €2,969,187 | €2,721,836 | -€247,351 | -8.3% |
| Operating profit (loss) | 9901 | €1,774,690 | €1,483,686 | -€291,004 | -16.4% |
| Financial income | 75/76B | €179,207 | €68,371 | -€110,836 | -61.8% |
| Recurring financial income | 75 | €179,207 | €68,371 | -€110,836 | -61.8% |
| Financial charges | 65/66B | -€542,583 | €101,170 | +€643,753 | |
| Recurring financial charges | 65 | -€542,583 | €101,170 | +€643,753 | |
| Profit (loss) for the period before taxes | 9903 | €2,496,480 | €1,450,887 | -€1.0m | -41.9% |
| Income taxes | 67/77 | €391,145 | €292,801 | -€98,344 | -25.1% |
| Profit (loss) for the period | 9904 | €2,105,335 | €1,158,086 | -€947,250 | -45.0% |
| Transfer from tax-exempt reserves | 789 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €2,105,335 | €1,158,086 | -€947,250 | -45.0% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.