JAN DECORTE: 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.
JAN DECORTE
Largest movements
- Receivables within one year +€18,034
up €18,034 (+346%), from €5,211 to €23,245
of which Trade receivables: +€16,230
- Current investments +€17,931
up €17,931 (+105%), from €17,099 to €35,030
- Cash +€7,152
up €7,152 (+2,188%), from €327 to €7,478
mainly Net result for the year (+€30,916) and Trade debts (+€17,105)
- Reserves +€19,550
up €19,550 (+10.6%), from €184,360 to €203,910
- Trade debts +€17,105
up €17,105 (+175%), from €9,772 to €26,877
- Other debts -€16,758
down €16,758 (-59.5%), from €28,156 to €11,398
- Tax, wage and social debts +€14,315
up €14,315 (+612%), from €2,340 to €16,655
- Short-term financial debts +€10,253
up €10,253 (+47.6%), from €21,548 to €31,801
of which Credit institutions: +€10,274
- Gross operating margin +€13,176
up €13,176 (+34.8%), from €37,909 to €51,084
- Taxes +€2,863
up €2,863 (+25.7%), from €11,120 to €13,983
- Depreciation +€1,483
up €1,483 (+68.6%), from €2,161 to €3,644
- Financial income +€693
up €693 (+62.7%), from €1,105 to €1,798
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 | €255,768 | €298,490 | +€42,722 | +16.7% |
| Fixed assets | 21/28 | €33,568 | €34,275 | +€706 | +2.1% |
| Tangible fixed assets | 22/27 | €8,865 | €9,571 | +€706 | +8.0% |
| Furniture and vehicles | 24 | €2,390 | €3,980 | +€1,590 | +66.5% |
| Other tangible fixed assets | 26 | €6,475 | €5,591 | -€884 | -13.6% |
| Financial fixed assets | 28 | €24,704 | €24,704 | = | 0.0% |
| Current assets | 29/58 | €222,199 | €264,215 | +€42,016 | +18.9% |
| Amounts receivable after more than one year | 29 | €198,462 | €198,462 | = | 0.0% |
| Trade receivables | 290 | €4,212 | €4,212 | = | 0.0% |
| Other amounts receivable | 291 | €194,250 | €194,250 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €5,211 | €23,245 | +€18,034 | +346% |
| Trade receivables | 40 | - | €16,230 | +€16,230 | |
| Other amounts receivable | 41 | €5,211 | €7,015 | +€1,804 | +34.6% |
| Current investments | 50/53 | €17,099 | €35,030 | +€17,931 | +105% |
| Cash at bank and in hand | 54/58 | €327 | €7,478 | +€7,152 | +2,188% |
| Deferred charges and accrued income | 490/1 | €1,100 | - | -€1,100 | |
| Total equity and liabilities | 10/49 | €255,768 | €298,490 | +€42,722 | +16.7% |
| Equity | 10/15 | €190,606 | €210,172 | +€19,566 | +10.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Contributions outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Share premium | 1100/10 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €184,360 | €203,910 | +€19,550 | +10.6% |
| Distributable reserves | 133 | €184,360 | €203,910 | +€19,550 | +10.6% |
| Profit (loss) carried forward | 14 | €46 | €62 | +€16 | +34.5% |
| Amounts payable | 17/49 | €65,161 | €88,318 | +€23,156 | +35.5% |
| Amounts payable within one year | 42/48 | €61,816 | €86,731 | +€24,915 | +40.3% |
| Financial debts | 43 | €21,548 | €31,801 | +€10,253 | +47.6% |
| Credit institutions | 430/8 | €17,153 | €27,427 | +€10,274 | +59.9% |
| Other loans | 439 | €4,395 | €4,374 | -€21 | -0.5% |
| Trade debts | 44 | €9,772 | €26,877 | +€17,105 | +175% |
| Suppliers | 440/4 | €9,772 | €26,877 | +€17,105 | +175% |
| Taxes, remuneration and social security | 45 | €2,340 | €16,655 | +€14,315 | +612% |
| Taxes | 450/3 | €2,340 | €16,655 | +€14,315 | +612% |
| Other amounts payable | 47/48 | €28,156 | €11,398 | -€16,758 | -59.5% |
| Accrued charges and deferred income | 492/3 | €3,345 | €1,586 | -€1,759 | -52.6% |
| Non-recurring operating income | 76A | €5,755 | - | -€5,755 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,161 | €3,644 | +€1,483 | +68.6% |
| Other operating charges | 640/8 | €980 | €1,194 | +€214 | +21.8% |
| Non-recurring operating charges | 66A | - | €1,391 | +€1,391 | |
| Gross operating margin | 9900 | €37,909 | €51,084 | +€13,176 | +34.8% |
| Operating profit (loss) | 9901 | €34,767 | €44,856 | +€10,089 | +29.0% |
| Financial income | 75/76B | €1,105 | €1,798 | +€693 | +62.7% |
| Recurring financial income | 75 | €1,105 | €1,798 | +€693 | +62.7% |
| Financial charges | 65/66B | €1,345 | €1,756 | +€410 | +30.5% |
| Recurring financial charges | 65 | €1,345 | €1,756 | +€410 | +30.5% |
| Profit (loss) for the period before taxes | 9903 | €34,527 | €44,899 | +€10,372 | +30.0% |
| Income taxes | 67/77 | €11,120 | €13,983 | +€2,863 | +25.7% |
| Profit (loss) for the period | 9904 | €23,407 | €30,916 | +€7,509 | +32.1% |
| Profit (loss) for the period to be appropriated | 9905 | €23,407 | €30,916 | +€7,509 | +32.1% |
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 18 October 2026 via checked.be.