Benoît Jacquart Management: 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.
Benoît Jacquart Management
Largest movements
- Cash +€149,274
up €149,274 (+391%), from €38,184 to €187,458
mainly Net result for the year (+€104,970) and Current investments (+€75,000)
- Current investments -€75,000
down €75,000 (-40.5%), from €185,000 to €110,000
- Tangible fixed assets -€16,767
down €16,767 (-23.5%), from €71,346 to €54,578
- Reserves +€71,088
up €71,088 (+12.3%), from €577,931 to €649,019
- Debts after one year -€31,073
down €31,073 (-36.1%), from €86,121 to €55,047
- Tax, wage and social debts +€14,809
up €14,809 (+120%), from €12,335 to €27,144
of which Taxes: +€14,809
- Financial income +€31,792
up €31,792 (+87.0%), from €36,562 to €68,354
- Gross operating margin +€8,803
up €8,803 (+10.3%), from €85,454 to €94,257
- Taxes +€7,108
up €7,108 (+28.9%), from €24,591 to €31,698
- Other operating charges -€5,608
down €5,608 (-85.8%), from €6,534 to €925
- Depreciation +€3,622
up €3,622 (+26.6%), from €13,593 to €17,214
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 | €796,553 | €855,097 | +€58,545 | +7.3% |
| Fixed assets | 21/28 | €520,796 | €504,028 | -€16,767 | -3.2% |
| Tangible fixed assets | 22/27 | €71,346 | €54,578 | -€16,767 | -23.5% |
| Furniture and vehicles | 24 | €71,346 | €54,578 | -€16,767 | -23.5% |
| Financial fixed assets | 28 | €449,450 | €449,450 | = | 0.0% |
| Current assets | 29/58 | €275,757 | €351,069 | +€75,312 | +27.3% |
| Amounts receivable within one year | 40/41 | €50,618 | €53,525 | +€2,907 | +5.7% |
| Trade receivables | 40 | €0 | €1,446 | +€1,446 | |
| Other amounts receivable | 41 | €50,618 | €52,079 | +€1,461 | +2.9% |
| Current investments | 50/53 | €185,000 | €110,000 | -€75,000 | -40.5% |
| Cash at bank and in hand | 54/58 | €38,184 | €187,458 | +€149,274 | +391% |
| Deferred charges and accrued income | 490/1 | €1,955 | €85 | -€1,870 | -95.6% |
| Total equity and liabilities | 10/49 | €796,553 | €855,097 | +€58,545 | +7.3% |
| Equity | 10/15 | €596,531 | €667,619 | +€71,088 | +11.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €577,931 | €649,019 | +€71,088 | +12.3% |
| Distributable reserves | 133 | €577,931 | €649,019 | +€71,088 | +12.3% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €200,022 | €187,478 | -€12,543 | -6.3% |
| Amounts payable after more than one year | 17 | €86,121 | €55,047 | -€31,073 | -36.1% |
| Financial debts | 170/4 | €86,121 | €55,047 | -€31,073 | -36.1% |
| Amounts payable within one year | 42/48 | €113,901 | €132,431 | +€18,530 | +16.3% |
| Current portion of amounts payable after more than one year | 42 | €30,071 | €31,073 | +€1,003 | +3.3% |
| Trade debts | 44 | €1,771 | €131 | -€1,640 | -92.6% |
| Suppliers | 440/4 | €1,771 | €131 | -€1,640 | -92.6% |
| Taxes, remuneration and social security | 45 | €12,335 | €27,144 | +€14,809 | +120% |
| Taxes | 450/3 | €10,210 | €25,019 | +€14,809 | +145% |
| Remuneration and social security | 454/9 | €2,125 | €2,125 | = | 0.0% |
| Other amounts payable | 47/48 | €69,725 | €74,083 | +€4,358 | +6.3% |
| Non-recurring operating income | 76A | €15,000 | €0 | -€15,000 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,593 | €17,214 | +€3,622 | +26.6% |
| Other operating charges | 640/8 | €6,534 | €925 | -€5,608 | -85.8% |
| Non-recurring operating charges | 66A | €0 | €606 | +€606 | |
| Gross operating margin | 9900 | €85,454 | €94,257 | +€8,803 | +10.3% |
| Operating profit (loss) | 9901 | €65,328 | €75,511 | +€10,183 | +15.6% |
| Financial income | 75/76B | €36,562 | €68,354 | +€31,792 | +87.0% |
| Recurring financial income | 75 | €36,562 | €68,354 | +€31,792 | +87.0% |
| Financial charges | 65/66B | €6,064 | €7,196 | +€1,133 | +18.7% |
| Recurring financial charges | 65 | €6,064 | €7,196 | +€1,133 | +18.7% |
| Non-recurring financial charges | 66B | €0 | - | = | |
| Profit (loss) for the period before taxes | 9903 | €95,826 | €136,669 | +€40,843 | +42.6% |
| Income taxes | 67/77 | €24,591 | €31,698 | +€7,108 | +28.9% |
| Profit (loss) for the period | 9904 | €71,235 | €104,970 | +€33,735 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €71,235 | €104,970 | +€33,735 | +47.4% |
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 25 October 2026 via checked.be.