RALPH DE JONGHE: 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.
RALPH DE JONGHE
Largest movements
- Current investments -€44,030
down €44,030 (-30.5%), from €144,420 to €100,390
- Tangible fixed assets -€29,860
down €29,860 (-11.2%), from €266,867 to €237,007
of which Furniture and vehicles: -€20,813
- Cash +€5,678
up €5,678 (+94.6%), from €6,000 to €11,679
mainly Current investments (+€44,030) and Net result for the year (+€23,855)
- Reserves -€59,200
down €59,200 (-17.3%), from €343,020 to €283,820
- Current portion of long-term debt -€5,523
down €5,523 (-71.9%), from €7,678 to €2,155
- Depreciation -€13,545
down €13,545 (-50.9%), from €26,597 to €13,052
- Financial charges +€5,526
up €5,526, from -€2,469 to €3,057
- Other operating charges +€4,437
up €4,437 (+132%), from €3,363 to €7,800
- Financial income -€3,871
down €3,871 (-36.1%), from €10,733 to €6,862
- Gross operating margin +€2,270
up €2,270 (+5.2%), from €43,292 to €45,561
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.
Derived cash bridge
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 | €425,553 | €356,601 | -€68,952 | -16.2% |
| Fixed assets | 21/28 | €267,467 | €237,607 | -€29,860 | -11.2% |
| Tangible fixed assets | 22/27 | €266,867 | €237,007 | -€29,860 | -11.2% |
| Land and buildings | 22 | €243,750 | €236,078 | -€7,673 | -3.1% |
| Furniture and vehicles | 24 | €20,813 | €0 | -€20,813 | -100% |
| Other tangible fixed assets | 26 | €2,304 | €929 | -€1,374 | -59.7% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €158,086 | €118,994 | -€39,092 | -24.7% |
| Amounts receivable within one year | 40/41 | €6,050 | €6,050 | = | 0.0% |
| Trade receivables | 40 | €6,050 | €6,050 | = | 0.0% |
| Current investments | 50/53 | €144,420 | €100,390 | -€44,030 | -30.5% |
| Cash at bank and in hand | 54/58 | €6,000 | €11,679 | +€5,678 | +94.6% |
| Deferred charges and accrued income | 490/1 | €1,616 | €876 | -€740 | -45.8% |
| Total equity and liabilities | 10/49 | €425,553 | €356,601 | -€68,952 | -16.2% |
| Equity | 10/15 | €377,552 | €318,407 | -€59,145 | -15.7% |
| Contributions | 10/11 | €33,600 | €33,600 | = | 0.0% |
| Reserves | 13 | €343,020 | €283,820 | -€59,200 | -17.3% |
| Distributable reserves | 133 | €343,020 | €283,820 | -€59,200 | -17.3% |
| Profit (loss) carried forward | 14 | €932 | €987 | +€55 | +5.9% |
| Amounts payable | 17/49 | €48,001 | €38,194 | -€9,807 | -20.4% |
| Amounts payable after more than one year | 17 | €2,155 | €0 | -€2,155 | -100% |
| Financial debts | 170/4 | €2,155 | €0 | -€2,155 | -100% |
| Amounts payable within one year | 42/48 | €45,845 | €38,194 | -€7,651 | -16.7% |
| Current portion of amounts payable after more than one year | 42 | €7,678 | €2,155 | -€5,523 | -71.9% |
| Trade debts | 44 | €448 | €3,559 | +€3,110 | +694% |
| Suppliers | 440/4 | €448 | €3,559 | +€3,110 | +694% |
| Taxes, remuneration and social security | 45 | €16,519 | €12,805 | -€3,714 | -22.5% |
| Taxes | 450/3 | €4,655 | €7,096 | +€2,441 | +52.4% |
| Remuneration and social security | 454/9 | €11,864 | €5,709 | -€6,155 | -51.9% |
| Other amounts payable | 47/48 | €21,200 | €19,675 | -€1,525 | -7.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,597 | €13,052 | -€13,545 | -50.9% |
| Other operating charges | 640/8 | €3,363 | €7,800 | +€4,437 | +132% |
| Gross operating margin | 9900 | €43,292 | €45,561 | +€2,270 | +5.2% |
| Operating profit (loss) | 9901 | €13,332 | €24,710 | +€11,378 | +85.3% |
| Financial income | 75/76B | €10,733 | €6,862 | -€3,871 | -36.1% |
| Recurring financial income | 75 | €10,733 | €6,862 | -€3,871 | -36.1% |
| Financial charges | 65/66B | -€2,469 | €3,057 | +€5,526 | |
| Recurring financial charges | 65 | -€2,469 | €3,057 | +€5,526 | |
| Profit (loss) for the period before taxes | 9903 | €26,534 | €28,515 | +€1,981 | +7.5% |
| Income taxes | 67/77 | €4,402 | €4,660 | +€258 | +5.9% |
| Profit (loss) for the period | 9904 | €22,133 | €23,855 | +€1,723 | +7.8% |
| Profit (loss) for the period to be appropriated | 9905 | €22,133 | €23,855 | +€1,723 | +7.8% |
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 23 October 2026 via checked.be.