ALAIN DE JAEGER: what changed
ALAIN DE JAEGER
Largest movements
- Stocks and contracts -€347,799
down €347,799 (-100%), from €347,799 to €0
- Cash +€220,800
up €220,800 (+1,206%), from €18,302 to €239,102
mainly Stocks and contracts (+€347,799) and Trade debts (+€75,340)
- Receivables within one year +€62,441
up €62,441 (+217%), from €28,806 to €91,248
of which Trade receivables: +€65,385
- Other debts -€196,917
down €196,917 (-94.4%), from €208,505 to €11,588
- Trade debts +€75,340
up €75,340 (+9,771%), from €771 to €76,111
- Reserves +€37,667
up €37,667 (+46.0%), from €81,829 to €119,496
- Tax, wage and social debts +€17,136
up €17,136 (+258%), from €6,650 to €23,786
of which Taxes: +€18,336
- Gross operating margin +€64,529
up €64,529, from -€15,565 to €48,964
- Financial charges -€13,143
down €13,143 (-88.2%), from €14,895 to €1,752
- Taxes +€5,295
up €5,295 (+3,215%), from €165 to €5,460
- Depreciation -€1,127
down €1,127 (-33.5%), from €3,361 to €2,234
- Financial income +€1,060
up €1,060 (+103,955%), from €1 to €1,061
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 | €403,058 | €336,283 | -€66,775 | -16.6% |
| Fixed assets | 21/28 | €6,001 | €3,291 | -€2,710 | -45.2% |
| Tangible fixed assets | 22/27 | €6,001 | €3,291 | -€2,710 | -45.2% |
| Plant, machinery and equipment | 23 | €4,928 | €1,822 | -€3,106 | -63.0% |
| Furniture and vehicles | 24 | €1,073 | €1,469 | +€396 | +37.0% |
| Current assets | 29/58 | €397,057 | €332,992 | -€64,066 | -16.1% |
| Stocks and contracts in progress | 3 | €347,799 | €0 | -€347,799 | -100% |
| Stocks | 30/36 | €347,799 | €0 | -€347,799 | -100% |
| Amounts receivable within one year | 40/41 | €28,806 | €91,248 | +€62,441 | +217% |
| Trade receivables | 40 | €24,392 | €89,777 | +€65,385 | +268% |
| Other amounts receivable | 41 | €4,415 | €1,471 | -€2,944 | -66.7% |
| Cash at bank and in hand | 54/58 | €18,302 | €239,102 | +€220,800 | +1,206% |
| Deferred charges and accrued income | 490/1 | €2,149 | €2,641 | +€493 | +22.9% |
| Total equity and liabilities | 10/49 | €403,058 | €336,283 | -€66,775 | -16.6% |
| Equity | 10/15 | €182,444 | €220,111 | +€37,667 | +20.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €81,829 | €119,496 | +€37,667 | +46.0% |
| Distributable reserves | 133 | €81,829 | €119,496 | +€37,667 | +46.0% |
| Profit (loss) carried forward | 14 | €82,065 | €82,065 | = | 0.0% |
| Amounts payable | 17/49 | €220,614 | €116,172 | -€104,442 | -47.3% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €215,926 | €111,484 | -€104,442 | -48.4% |
| Trade debts | 44 | €771 | €76,111 | +€75,340 | +9,771% |
| Suppliers | 440/4 | €771 | €76,111 | +€75,340 | +9,771% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €6,650 | €23,786 | +€17,136 | +258% |
| Taxes | 450/3 | €2,700 | €21,036 | +€18,336 | +679% |
| Remuneration and social security | 454/9 | €3,950 | €2,750 | -€1,200 | -30.4% |
| Other amounts payable | 47/48 | €208,505 | €11,588 | -€196,917 | -94.4% |
| Accrued charges and deferred income | 492/3 | €4,688 | €4,688 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,361 | €2,234 | -€1,127 | -33.5% |
| Other operating charges | 640/8 | €1,368 | €926 | -€443 | -32.3% |
| Non-recurring operating charges | 66A | - | €1,987 | +€1,987 | |
| Gross operating margin | 9900 | -€15,565 | €48,964 | +€64,529 | |
| Operating profit (loss) | 9901 | -€20,294 | €43,818 | +€64,112 | |
| Financial income | 75/76B | €1 | €1,061 | +€1,060 | +103,955% |
| Recurring financial income | 75 | €1 | €1,061 | +€1,060 | +103,955% |
| Financial charges | 65/66B | €14,895 | €1,752 | -€13,143 | -88.2% |
| Recurring financial charges | 65 | €14,895 | €1,752 | -€13,143 | -88.2% |
| Profit (loss) for the period before taxes | 9903 | -€35,188 | €43,127 | +€78,315 | |
| Income taxes | 67/77 | €165 | €5,460 | +€5,295 | +3,215% |
| Profit (loss) for the period | 9904 | -€35,353 | €37,667 | +€73,020 | |
| Profit (loss) for the period to be appropriated | 9905 | -€35,353 | €37,667 | +€73,020 |
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.