'T JACHTHUIS: 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.
'T JACHTHUIS
Largest movements
- Receivables within one year -€7,029
down €7,029 (-64.0%), from €10,983 to €3,954
of which Other amounts receivable: -€5,508
- Tangible fixed assets +€6,215
up €6,215 (+6.4%), from €96,588 to €102,803
of which Furniture and vehicles: +€12,866
- Cash -€6,204
down €6,204 (-47.2%), from €13,135 to €6,931
mainly Investment in fixed assets (net) (-€23,702) and Debts after one year (-€12,397)
- Other debts +€21,045
new in 2025: €21,045
- Reserves -€13,170
down €13,170 (-15.5%), from €85,170 to €72,000
of which Distributable reserves: -€13,170
- Debts after one year -€12,397
down €12,397 (-39.0%), from €31,778 to €19,381
- Tax, wage and social debts -€2,182
down €2,182 (-15.4%), from €14,151 to €11,969
of which Taxes: -€3,947
- Depreciation +€6,594
up €6,594 (+60.5%), from €10,893 to €17,487
- Gross operating margin -€5,402
down €5,402 (-25.3%), from €21,336 to €15,935
- Other operating charges -€3,615
down €3,615 (-56.5%), from €6,401 to €2,786
- Staff costs -€797
down €797 (-56.0%), from €1,422 to €625
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 | €190,308 | €182,873 | -€7,435 | -3.9% |
| Fixed assets | 21/28 | €96,588 | €102,803 | +€6,215 | +6.4% |
| Tangible fixed assets | 22/27 | €96,588 | €102,803 | +€6,215 | +6.4% |
| Land and buildings | 22 | €42,474 | €39,001 | -€3,473 | -8.2% |
| Plant, machinery and equipment | 23 | €7,471 | €4,849 | -€2,621 | -35.1% |
| Furniture and vehicles | 24 | €40,273 | €53,139 | +€12,866 | +31.9% |
| Other tangible fixed assets | 26 | €6,370 | €5,814 | -€557 | -8.7% |
| Current assets | 29/58 | €93,721 | €80,071 | -€13,650 | -14.6% |
| Stocks and contracts in progress | 3 | €8,084 | €7,627 | -€457 | -5.7% |
| Stocks | 30/36 | €8,084 | €7,627 | -€457 | -5.7% |
| Amounts receivable within one year | 40/41 | €10,983 | €3,954 | -€7,029 | -64.0% |
| Trade receivables | 40 | €2,173 | €653 | -€1,520 | -69.9% |
| Other amounts receivable | 41 | €8,810 | €3,301 | -€5,508 | -62.5% |
| Current investments | 50/53 | €60,000 | €60,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €13,135 | €6,931 | -€6,204 | -47.2% |
| Deferred charges and accrued income | 490/1 | €1,518 | €1,559 | +€40 | +2.7% |
| Total equity and liabilities | 10/49 | €190,308 | €182,873 | -€7,435 | -3.9% |
| Equity | 10/15 | €122,170 | €108,219 | -€13,951 | -11.4% |
| Contributions | 10/11 | €37,000 | €37,000 | = | 0.0% |
| Reserves | 13 | €85,170 | €72,000 | -€13,170 | -15.5% |
| Non-distributable reserves | 130/1 | €60,000 | €60,000 | = | 0.0% |
| Own shares acquired | 1312 | €60,000 | €60,000 | = | 0.0% |
| Distributable reserves | 133 | €25,170 | €12,000 | -€13,170 | -52.3% |
| Profit (loss) carried forward | 14 | - | -€781 | -€781 | |
| Amounts payable | 17/49 | €68,138 | €74,654 | +€6,516 | +9.6% |
| Amounts payable after more than one year | 17 | €31,778 | €19,381 | -€12,397 | -39.0% |
| Financial debts | 170/4 | €31,778 | €19,381 | -€12,397 | -39.0% |
| Amounts payable within one year | 42/48 | €36,360 | €55,273 | +€18,912 | +52.0% |
| Current portion of amounts payable after more than one year | 42 | €12,049 | €12,397 | +€348 | +2.9% |
| Trade debts | 44 | €10,160 | €9,862 | -€298 | -2.9% |
| Suppliers | 440/4 | €10,160 | €9,862 | -€298 | -2.9% |
| Taxes, remuneration and social security | 45 | €14,151 | €11,969 | -€2,182 | -15.4% |
| Taxes | 450/3 | €4,323 | €377 | -€3,947 | -91.3% |
| Remuneration and social security | 454/9 | €9,828 | €11,593 | +€1,765 | +18.0% |
| Other amounts payable | 47/48 | - | €21,045 | +€21,045 | |
| Remuneration, social security and pensions | 62 | €1,422 | €625 | -€797 | -56.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,893 | €17,487 | +€6,594 | +60.5% |
| Other operating charges | 640/8 | €6,401 | €2,786 | -€3,615 | -56.5% |
| Non-recurring operating charges | 66A | €2,717 | - | -€2,717 | |
| Gross operating margin | 9900 | €21,336 | €15,935 | -€5,402 | -25.3% |
| Operating profit (loss) | 9901 | -€96 | -€4,964 | -€4,868 | -5,062% |
| Financial income | 75/76B | €40 | €39 | -€1 | -3.1% |
| Recurring financial income | 75 | €40 | €39 | -€1 | -3.1% |
| Financial charges | 65/66B | €1,448 | €1,338 | -€110 | -7.6% |
| Recurring financial charges | 65 | €1,448 | €1,338 | -€110 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | -€1,504 | -€6,263 | -€4,758 | -316% |
| Income taxes | 67/77 | €544 | €388 | -€156 | -28.7% |
| Profit (loss) for the period | 9904 | -€2,049 | -€6,651 | -€4,602 | -225% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,049 | -€6,651 | -€4,602 | -225% |
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 21 October 2026 via checked.be.