W. Jonckheere: 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.
W. Jonckheere
Largest movements
- Cash +€253,633
up €253,633 (+173%), from €146,691 to €400,325
mainly Net result for the year (+€156,766) and Trade debts (+€123,918)
- Financial fixed assets +€67,500
up €67,500 (+95.6%), from €70,616 to €138,116
- Receivables after one year -€50,000
down €50,000 (-50.0%), from €100,000 to €50,000
- Tangible fixed assets -€43,926
down €43,926 (-21.1%), from €208,541 to €164,615
of which Other tangible fixed assets: -€22,832
- Trade debts +€123,918
up €123,918 (+27.4%), from €451,997 to €575,915
- Profit (loss) carried forward +€56,766
up €56,766 (+63.5%), from €89,360 to €146,126
- Other debts +€47,079
up €47,079 (+62.6%), from €75,174 to €122,253
- Tax, wage and social debts +€20,800
up €20,800 (+15.3%), from €135,658 to €156,458
of which Taxes: +€18,338
- Reserves -€20,000
down €20,000 (-3.7%), from €547,497 to €527,497
of which Distributable reserves: -€20,000
- Gross operating margin +€184,437
up €184,437 (+20.6%), from €895,256 to €1.1m
- Staff costs +€80,692
up €80,692 (+12.1%), from €664,282 to €744,974
- Write-downs -€39,270
down €39,270 (-65.0%), from €60,389 to €21,119
- Taxes +€32,509
up €32,509 (+85.1%), from €38,206 to €70,714
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 | €1,699,686 | €1,928,708 | +€229,021 | +13.5% |
| Fixed assets | 21/28 | €279,157 | €317,210 | +€38,053 | +13.6% |
| Intangible fixed assets | 21 | - | €14,479 | +€14,479 | |
| Tangible fixed assets | 22/27 | €208,541 | €164,615 | -€43,926 | -21.1% |
| Plant, machinery and equipment | 23 | €2,776 | €1,324 | -€1,452 | -52.3% |
| Furniture and vehicles | 24 | €75,030 | €55,387 | -€19,642 | -26.2% |
| Other tangible fixed assets | 26 | €130,735 | €107,904 | -€22,832 | -17.5% |
| Financial fixed assets | 28 | €70,616 | €138,116 | +€67,500 | +95.6% |
| Current assets | 29/58 | €1,420,529 | €1,611,497 | +€190,968 | +13.4% |
| Amounts receivable after more than one year | 29 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Trade receivables | 290 | €100,000 | €50,000 | -€50,000 | -50.0% |
| Stocks and contracts in progress | 3 | €151,633 | €138,909 | -€12,724 | -8.4% |
| Stocks | 30/36 | €151,633 | €138,909 | -€12,724 | -8.4% |
| Amounts receivable within one year | 40/41 | €1,001,445 | €982,636 | -€18,809 | -1.9% |
| Trade receivables | 40 | €992,245 | €973,325 | -€18,920 | -1.9% |
| Other amounts receivable | 41 | €9,201 | €9,312 | +€111 | +1.2% |
| Cash at bank and in hand | 54/58 | €146,691 | €400,325 | +€253,633 | +173% |
| Deferred charges and accrued income | 490/1 | €20,760 | €39,628 | +€18,868 | +90.9% |
| Total equity and liabilities | 10/49 | €1,699,686 | €1,928,708 | +€229,021 | +13.5% |
| Equity | 10/15 | €1,036,857 | €1,073,623 | +€36,766 | +3.5% |
| Contributions | 10/11 | €400,000 | €400,000 | = | 0.0% |
| Reserves | 13 | €547,497 | €527,497 | -€20,000 | -3.7% |
| Tax-exempt reserves | 132 | €25,997 | €25,997 | = | 0.0% |
| Distributable reserves | 133 | €521,500 | €501,500 | -€20,000 | -3.8% |
| Profit (loss) carried forward | 14 | €89,360 | €146,126 | +€56,766 | +63.5% |
| Amounts payable | 17/49 | €662,829 | €855,084 | +€192,255 | +29.0% |
| Amounts payable within one year | 42/48 | €662,829 | €854,626 | +€191,797 | +28.9% |
| Trade debts | 44 | €451,997 | €575,915 | +€123,918 | +27.4% |
| Suppliers | 440/4 | €451,997 | €575,915 | +€123,918 | +27.4% |
| Taxes, remuneration and social security | 45 | €135,658 | €156,458 | +€20,800 | +15.3% |
| Taxes | 450/3 | €81,863 | €100,201 | +€18,338 | +22.4% |
| Remuneration and social security | 454/9 | €53,795 | €56,257 | +€2,461 | +4.6% |
| Other amounts payable | 47/48 | €75,174 | €122,253 | +€47,079 | +62.6% |
| Accrued charges and deferred income | 492/3 | - | €458 | +€458 | |
| Remuneration, social security and pensions | 62 | €664,282 | €744,974 | +€80,692 | +12.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €67,893 | €76,462 | +€8,569 | +12.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €60,389 | €21,119 | -€39,270 | -65.0% |
| Other operating charges | 640/8 | €5,227 | €6,675 | +€1,448 | +27.7% |
| Gross operating margin | 9900 | €895,256 | €1,079,693 | +€184,437 | +20.6% |
| Operating profit (loss) | 9901 | €97,465 | €230,463 | +€132,998 | +136% |
| Financial income | 75/76B | €5,308 | €2,648 | -€2,659 | -50.1% |
| Recurring financial income | 75 | €5,308 | €2,648 | -€2,659 | -50.1% |
| Financial charges | 65/66B | €5,549 | €5,631 | +€82 | +1.5% |
| Recurring financial charges | 65 | €5,549 | €5,631 | +€82 | +1.5% |
| Profit (loss) for the period before taxes | 9903 | €97,223 | €227,480 | +€130,257 | +134% |
| Income taxes | 67/77 | €38,206 | €70,714 | +€32,509 | +85.1% |
| Profit (loss) for the period | 9904 | €59,017 | €156,766 | +€97,749 | +166% |
| Profit (loss) for the period to be appropriated | 9905 | €59,017 | €156,766 | +€97,749 | +166% |
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 15 October 2026 via checked.be.