Pieter Jonckheere: what changed
Pieter Jonckheere
Largest movements
- Cash -€134,954
down €134,954 (-85.5%), from €157,874 to €22,920
mainly Contributions, distributions and other (-€303,475) and Tax, wage and social debts (-€15,468)
- Current investments -€94,998
down €94,998 (-95.0%), from €99,998 to €5,000
- Receivables within one year +€9,886
up €9,886 (+216%), from €4,575 to €14,461
of which Other amounts receivable: +€9,886
- Tangible fixed assets +€2,974
up €2,974, from €0 to €2,974
- Reserves -€202,913
down €202,913 (-90.8%), from €223,475 to €20,562
- Tax, wage and social debts -€15,468
down €15,468 (-46.7%), from €33,135 to €17,667
- Financial income +€19,098
up €19,098 (+727%), from €2,626 to €21,724
- Gross operating margin +€16,346
up €16,346 (+18.3%), from €89,483 to €105,828
- Taxes +€2,660
up €2,660 (+14.1%), from €18,843 to €21,503
- Financial charges -€1,197
down €1,197 (-22.5%), from €5,330 to €4,133
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €263,711 | €45,354 | -€218,357 | -82.8% |
| Fixed assets | 21/28 | €0 | €2,974 | +€2,974 | |
| Tangible fixed assets | 22/27 | €0 | €2,974 | +€2,974 | |
| Furniture and vehicles | 24 | €0 | €2,974 | +€2,974 | |
| Current assets | 29/58 | €263,711 | €42,380 | -€221,331 | -83.9% |
| Amounts receivable within one year | 40/41 | €4,575 | €14,461 | +€9,886 | +216% |
| Trade receivables | 40 | €0 | - | = | |
| Other amounts receivable | 41 | €4,575 | €14,461 | +€9,886 | +216% |
| Current investments | 50/53 | €99,998 | €5,000 | -€94,998 | -95.0% |
| Cash at bank and in hand | 54/58 | €157,874 | €22,920 | -€134,954 | -85.5% |
| Deferred charges and accrued income | 490/1 | €1,265 | €0 | -€1,265 | -100% |
| Total equity and liabilities | 10/49 | €263,711 | €45,354 | -€218,357 | -82.8% |
| Equity | 10/15 | €228,475 | €25,562 | -€202,913 | -88.8% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €223,475 | €20,562 | -€202,913 | -90.8% |
| Distributable reserves | 133 | €223,475 | €20,562 | -€202,913 | -90.8% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €35,236 | €19,791 | -€15,445 | -43.8% |
| Amounts payable within one year | 42/48 | €35,236 | €19,791 | -€15,445 | -43.8% |
| Financial debts | 43 | €94 | €117 | +€23 | +24.1% |
| Credit institutions | 430/8 | €94 | €117 | +€23 | +24.1% |
| Trade debts | 44 | €2,007 | €2,007 | +€1 | 0.0% |
| Suppliers | 440/4 | €2,007 | €2,007 | +€1 | 0.0% |
| Taxes, remuneration and social security | 45 | €33,135 | €17,667 | -€15,468 | -46.7% |
| Taxes | 450/3 | €33,135 | €17,667 | -€15,468 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €817 | €954 | +€137 | +16.7% |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €89,483 | €105,828 | +€16,346 | +18.3% |
| Operating profit (loss) | 9901 | €88,278 | €104,474 | +€16,196 | +18.3% |
| Financial income | 75/76B | €2,626 | €21,724 | +€19,098 | +727% |
| Recurring financial income | 75 | €2,626 | €21,724 | +€19,098 | +727% |
| Financial charges | 65/66B | €5,330 | €4,133 | -€1,197 | -22.5% |
| Recurring financial charges | 65 | €5,330 | €4,133 | -€1,197 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €85,574 | €122,065 | +€36,491 | +42.6% |
| Income taxes | 67/77 | €18,843 | €21,503 | +€2,660 | +14.1% |
| Profit (loss) for the period | 9904 | €66,731 | €100,562 | +€33,832 | +50.7% |
| Profit (loss) for the period to be appropriated | 9905 | €66,731 | €100,562 | +€33,832 | +50.7% |
Next steps
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 5 November 2026 via checked.be.