César Jottrand: 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.
César Jottrand
Largest movements
- Receivables within one year -€33,045
down €33,045 (-87.2%), from €37,901 to €4,856
of which Trade receivables: -€32,817
- Tangible fixed assets -€12,093
down €12,093 (-5.3%), from €229,973 to €217,880
of which Other tangible fixed assets: -€11,600
- Cash -€4,822
down €4,822 (-49.7%), from €9,698 to €4,876
mainly Debts after one year (-€117,142) and Current portion of long-term debt (-€62,350)
- Other debts +€120,120
up €120,120 (+18938.2%), from €634 to €120,754
- Debts after one year -€117,142
no longer reported in 2025 (was €117,142)
- Current portion of long-term debt -€62,350
no longer reported in 2025 (was €62,350)
- Profit (loss) carried forward +€31,967
up €31,967 (+57.2%), from €55,886 to €87,852
- Trade debts -€31,316
down €31,316 (-99.6%), from €31,455 to €139
- Depreciation -€23,674
down €23,674 (-66.2%), from €35,768 to €12,093
- Taxes +€4,226
up €4,226 (+96.4%), from €4,382 to €8,607
- Financial charges +€1,528
up €1,528 (+69.0%), from €2,215 to €3,743
- Other operating charges +€1,073
up €1,073 (+276.9%), from €387 to €1,460
- Gross operating margin -€608
down €608 (-1.0%), from €58,479 to €57,870
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 | €277,573 | €227,776 | -€49,796 | -17.9% |
| Fixed assets | 21/28 | €229,973 | €217,880 | -€12,093 | -5.3% |
| Tangible fixed assets | 22/27 | €229,973 | €217,880 | -€12,093 | -5.3% |
| Furniture and vehicles | 24 | €1,713 | €1,220 | -€493 | -28.8% |
| Other tangible fixed assets | 26 | €228,260 | €216,660 | -€11,600 | -5.1% |
| Current assets | 29/58 | €47,599 | €9,896 | -€37,703 | -79.2% |
| Amounts receivable within one year | 40/41 | €37,901 | €4,856 | -€33,045 | -87.2% |
| Trade receivables | 40 | €37,673 | €4,856 | -€32,817 | -87.1% |
| Other amounts receivable | 41 | €227 | - | -€227 | |
| Cash at bank and in hand | 54/58 | €9,698 | €4,876 | -€4,822 | -49.7% |
| Deferred charges and accrued income | 490/1 | - | €164 | +€164 | |
| Total equity and liabilities | 10/49 | €277,573 | €227,776 | -€49,796 | -17.9% |
| Equity | 10/15 | €56,886 | €88,852 | +€31,967 | +56.2% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €55,886 | €87,852 | +€31,967 | +57.2% |
| Amounts payable | 17/49 | €220,687 | €138,924 | -€81,763 | -37.0% |
| Amounts payable after more than one year | 17 | €117,142 | - | -€117,142 | |
| Financial debts | 170/4 | €117,142 | - | -€117,142 | |
| Amounts payable within one year | 42/48 | €102,329 | €138,924 | +€36,595 | +35.8% |
| Current portion of amounts payable after more than one year | 42 | €62,350 | - | -€62,350 | |
| Trade debts | 44 | €31,455 | €139 | -€31,316 | -99.6% |
| Suppliers | 440/4 | €31,455 | €139 | -€31,316 | -99.6% |
| Taxes, remuneration and social security | 45 | €7,890 | €18,031 | +€10,141 | +128.5% |
| Taxes | 450/3 | €7,890 | €18,031 | +€10,141 | +128.5% |
| Other amounts payable | 47/48 | €634 | €120,754 | +€120,120 | +18938.2% |
| Accrued charges and deferred income | 492/3 | €1,215 | - | -€1,215 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,768 | €12,093 | -€23,674 | -66.2% |
| Other operating charges | 640/8 | €387 | €1,460 | +€1,073 | +276.9% |
| Gross operating margin | 9900 | €58,479 | €57,870 | -€608 | -1.0% |
| Operating profit (loss) | 9901 | €22,323 | €44,317 | +€21,993 | +98.5% |
| Financial charges | 65/66B | €2,215 | €3,743 | +€1,528 | +69.0% |
| Recurring financial charges | 65 | €2,215 | €3,743 | +€1,528 | +69.0% |
| Profit (loss) for the period before taxes | 9903 | €20,109 | €40,574 | +€20,465 | +101.8% |
| Income taxes | 67/77 | €4,382 | €8,607 | +€4,226 | +96.4% |
| Profit (loss) for the period | 9904 | €15,727 | €31,967 | +€16,240 | +103.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,727 | €31,967 | +€16,240 | +103.3% |
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 10 October 2026 via checked.be.