Benoît Jeanmart: what changed
Two fiscal 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 Jeanmart
Largest movements
- Current investments +€95,000
up €95,000 (+52.8%), from €180,000 to €275,000
- Cash -€47,824
down €47,824 (-52.7%), from €90,748 to €42,924
mainly Current investments (-€95,000) and Stocks and contracts (-€17,871)
- Stocks and contracts +€17,871
up €17,871 (+140.0%), from €12,765 to €30,636
of which Stocks: +€11,082
- Tangible fixed assets -€13,295
down €13,295 (-21.7%), from €61,376 to €48,081
of which Furniture and vehicles: -€13,700
- Reserves +€51,474
up €51,474 (+16.6%), from €310,778 to €362,251
- Gross operating margin -€15,155
down €15,155 (-6.9%), from €218,614 to €203,459
- Turnover -€10,743
down €10,743 (-2.6%), from €408,406 to €397,663
- Taxes -€5,720
down €5,720 (-19.0%), from €30,106 to €24,386
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.
Cash bridge derived
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 | €361,644 | €418,844 | +€57,200 | +15.8% |
| Fixed assets | 21/28 | €61,511 | €48,216 | -€13,295 | -21.6% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €61,376 | €48,081 | -€13,295 | -21.7% |
| Plant, machinery and equipment | 23 | €271 | €675 | +€404 | +149.4% |
| Furniture and vehicles | 24 | €61,106 | €47,406 | -€13,700 | -22.4% |
| Leasing and similar rights | 25 | - | €0 | = | |
| Financial fixed assets | 28 | €135 | €135 | = | 0.0% |
| Current assets | 29/58 | €300,132 | €370,627 | +€70,495 | +23.5% |
| Stocks and contracts in progress | 3 | €12,765 | €30,636 | +€17,871 | +140.0% |
| Stocks | 30/36 | €9,265 | €20,347 | +€11,082 | +119.6% |
| Contracts in progress | 37 | €3,500 | €10,289 | +€6,789 | +194.0% |
| Amounts receivable within one year | 40/41 | €10,675 | €14,581 | +€3,906 | +36.6% |
| Trade receivables | 40 | €10,669 | €14,554 | +€3,884 | +36.4% |
| Other amounts receivable | 41 | €5 | €27 | +€22 | +407.5% |
| Current investments | 50/53 | €180,000 | €275,000 | +€95,000 | +52.8% |
| Cash at bank and in hand | 54/58 | €90,748 | €42,924 | -€47,824 | -52.7% |
| Deferred charges and accrued income | 490/1 | €5,944 | €7,487 | +€1,543 | +26.0% |
| Total equity and liabilities | 10/49 | €361,644 | €418,844 | +€57,200 | +15.8% |
| Equity | 10/15 | €310,778 | €362,251 | +€51,474 | +16.6% |
| Contributions | 10/11 | €0 | - | = | |
| Reserves | 13 | €310,778 | €362,251 | +€51,474 | +16.6% |
| Distributable reserves | 133 | €310,778 | €362,251 | +€51,474 | +16.6% |
| Amounts payable | 17/49 | €50,866 | €56,592 | +€5,726 | +11.3% |
| Amounts payable within one year | 42/48 | €50,802 | €56,108 | +€5,306 | +10.4% |
| Trade debts | 44 | €6,649 | €9,437 | +€2,788 | +41.9% |
| Suppliers | 440/4 | €6,649 | €9,437 | +€2,788 | +41.9% |
| Advances received on contracts in progress | 46 | €14,215 | €13,950 | -€265 | -1.9% |
| Taxes, remuneration and social security | 45 | €25,045 | €27,713 | +€2,669 | +10.7% |
| Taxes | 450/3 | €21,541 | €23,330 | +€1,788 | +8.3% |
| Remuneration and social security | 454/9 | €3,503 | €4,383 | +€880 | +25.1% |
| Other amounts payable | 47/48 | €4,893 | €5,008 | +€114 | +2.3% |
| Accrued charges and deferred income | 492/3 | €64 | €485 | +€420 | +651.7% |
| Turnover | 70 | €408,406 | €397,663 | -€10,743 | -2.6% |
| Goods, raw materials, services and sundry goods | 60/61 | €236,582 | €238,687 | +€2,105 | +0.9% |
| Remuneration, social security and pensions | 62 | €111,152 | €112,133 | +€981 | +0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,194 | €16,986 | -€1,209 | -6.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €2,310 | +€2,310 | |
| Other operating charges | 640/8 | €1,488 | €1,678 | +€190 | +12.8% |
| Gross operating margin | 9900 | €218,614 | €203,459 | -€15,155 | -6.9% |
| Operating profit (loss) | 9901 | €87,779 | €70,352 | -€17,427 | -19.9% |
| Financial income | 75/76B | €5,997 | €5,778 | -€219 | -3.7% |
| Recurring financial income | 75 | €5,997 | €5,778 | -€219 | -3.7% |
| Financial charges | 65/66B | €229 | €270 | +€41 | +18.0% |
| Recurring financial charges | 65 | €229 | €270 | +€41 | +18.0% |
| Profit (loss) for the period before taxes | 9903 | €93,547 | €75,859 | -€17,688 | -18.9% |
| Income taxes | 67/77 | €30,106 | €24,386 | -€5,720 | -19.0% |
| Profit (loss) for the period | 9904 | €63,441 | €51,474 | -€11,968 | -18.9% |
| Profit (loss) for the period to be appropriated | 9905 | €63,441 | €51,474 | -€11,968 | -18.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.