ORTWIN JONIAUX: what changed
What changed
ORTWIN JONIAUX
NACE 29.310, Manufacture of motor vehicles, trailers and semi-trailers
filed annual accounts (NBB)
Net result for the year
€75,465
2024 · €72,652+€2,813
Equity
€113,177
2024 · €132,712-€19,535
Cash
€45,415
2024 · €55,412-€9,997
Balance sheet total
€212,169
2024 · €257,729-€45,559
Largest movements
Assets
- Current investments -€49,843
down €49,843 (-27.9%), from €178,857 to €129,014
- Receivables within one year +€16,308
up €16,308 (+104%), from €15,637 to €31,945
of which Trade receivables: +€16,227
- Cash -€9,997
down €9,997 (-18.0%), from €55,412 to €45,415
mainly Contributions, distributions and other (-€95,000) and Other debts (-€24,145)
Equity and liabilities
- Other debts -€24,145
down €24,145 (-21.6%), from €111,777 to €87,632
- Reserves -€19,535
down €19,535 (-17.1%), from €114,112 to €94,577
Income statement
- Gross operating margin +€15,760
up €15,760 (+20.1%), from €78,396 to €94,156
- Financial income -€12,283
down €12,283 (-72.5%), from €16,930 to €4,647
- Other operating charges -€2,084
down €2,084 (-76.7%), from €2,718 to €634
- Write-downs +€2,000
no longer reported in 2025 (was -€2,000)
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
€72,652
Gross operating margin
+€15,760
Depreciation
-€508
Write-downs
-€2,000
Other operating charges
+€2,084
Financial income
-€12,283
Financial charges
+€460
Taxes
-€700
Result 2025
€75,465
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
+€36,549
Investment
+€48,453
Financing
-€95,000
Cash 2024
€55,412
From operations (derived)
+€36,549
Net result for the year
+€75,465
Depreciation
+€3,115
Receivables within one year
-€16,308
Deferred charges and accrued income
+€301
Trade debts
-€1,712
Smaller working-capital items
-€167
Other debts
-€24,145
Investment (derived)
+€48,453
Investment in fixed assets (net)
-€1,389
Current investments
+€49,843
Financing
-€95,000
Contributions, distributions and other
-€95,000
Cash 2025
€45,415
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €257,729 | €212,169 | -€45,559 | -17.7% |
| Fixed assets | 21/28 | €6,672 | €4,946 | -€1,726 | -25.9% |
| Tangible fixed assets | 22/27 | €6,422 | €4,696 | -€1,726 | -26.9% |
| Plant, machinery and equipment | 23 | €3,038 | €2,843 | -€195 | -6.4% |
| Furniture and vehicles | 24 | €3,385 | €1,854 | -€1,531 | -45.2% |
| Financial fixed assets | 28 | €250 | €250 | = | 0.0% |
| Current assets | 29/58 | €251,056 | €207,223 | -€43,833 | -17.5% |
| Amounts receivable within one year | 40/41 | €15,637 | €31,945 | +€16,308 | +104% |
| Trade receivables | 40 | €15,633 | €31,860 | +€16,227 | +104% |
| Other amounts receivable | 41 | €4 | €84 | +€80 | +1,950% |
| Current investments | 50/53 | €178,857 | €129,014 | -€49,843 | -27.9% |
| Cash at bank and in hand | 54/58 | €55,412 | €45,415 | -€9,997 | -18.0% |
| Deferred charges and accrued income | 490/1 | €1,150 | €849 | -€301 | -26.1% |
| Total equity and liabilities | 10/49 | €257,729 | €212,169 | -€45,559 | -17.7% |
| Equity | 10/15 | €132,712 | €113,177 | -€19,535 | -14.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €114,112 | €94,577 | -€19,535 | -17.1% |
| Distributable reserves | 133 | €114,112 | €94,577 | -€19,535 | -17.1% |
| Amounts payable | 17/49 | €125,016 | €98,992 | -€26,024 | -20.8% |
| Amounts payable within one year | 42/48 | €125,014 | €98,992 | -€26,021 | -20.8% |
| Trade debts | 44 | €1,712 | - | -€1,712 | |
| Suppliers | 440/4 | €1,712 | - | -€1,712 | |
| Taxes, remuneration and social security | 45 | €11,525 | €11,360 | -€165 | -1.4% |
| Taxes | 450/3 | €11,525 | €11,360 | -€165 | -1.4% |
| Other amounts payable | 47/48 | €111,777 | €87,632 | -€24,145 | -21.6% |
| Accrued charges and deferred income | 492/3 | €3 | - | -€3 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,607 | €3,115 | +€508 | +19.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€2,000 | - | +€2,000 | |
| Other operating charges | 640/8 | €2,718 | €634 | -€2,084 | -76.7% |
| Gross operating margin | 9900 | €78,396 | €94,156 | +€15,760 | +20.1% |
| Operating profit (loss) | 9901 | €75,071 | €90,406 | +€15,335 | +20.4% |
| Financial income | 75/76B | €16,930 | €4,647 | -€12,283 | -72.5% |
| Recurring financial income | 75 | €16,930 | €4,647 | -€12,283 | -72.5% |
| Financial charges | 65/66B | €848 | €387 | -€460 | -54.3% |
| Recurring financial charges | 65 | €848 | €387 | -€460 | -54.3% |
| Profit (loss) for the period before taxes | 9903 | €91,154 | €94,666 | +€3,513 | +3.9% |
| Income taxes | 67/77 | €18,502 | €19,202 | +€700 | +3.8% |
| Profit (loss) for the period | 9904 | €72,652 | €75,465 | +€2,813 | +3.9% |
| Profit (loss) for the period to be appropriated | 9905 | €72,652 | €75,465 | +€2,813 | +3.9% |
Next steps
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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.