DENIS JACQUERIE: 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.
DENIS JACQUERIE
Largest movements
- Cash +€92,797
up €92,797 (+341%), from €27,227 to €120,024
mainly Receivables within one year (+€54,321) and Net result for the year (+€36,653)
- Receivables within one year -€54,321
down €54,321 (-87.6%), from €62,000 to €7,679
- Reserves +€36,653
up €36,653 (+46.3%), from €79,083 to €115,736
- Tax, wage and social debts +€5,350
up €5,350 (+67.9%), from €7,875 to €13,225
- Other debts -€3,812
down €3,812 (-95.0%), from €4,014 to €203
- Gross operating margin -€104,956
down €104,956 (-64.1%), from €163,765 to €58,809
- Taxes -€28,287
down €28,287 (-57.9%), from €48,875 to €20,588
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 | €90,973 | €129,396 | +€38,424 | +42.2% |
| Fixed assets | 21/28 | €1,745 | €1,693 | -€52 | -3.0% |
| Tangible fixed assets | 22/27 | €1,745 | €1,693 | -€52 | -3.0% |
| Furniture and vehicles | 24 | €1,745 | €1,693 | -€52 | -3.0% |
| Current assets | 29/58 | €89,227 | €127,703 | +€38,476 | +43.1% |
| Amounts receivable within one year | 40/41 | €62,000 | €7,679 | -€54,321 | -87.6% |
| Other amounts receivable | 41 | €62,000 | €7,679 | -€54,321 | -87.6% |
| Cash at bank and in hand | 54/58 | €27,227 | €120,024 | +€92,797 | +341% |
| Total equity and liabilities | 10/49 | €90,973 | €129,396 | +€38,424 | +42.2% |
| Equity | 10/15 | €79,083 | €115,736 | +€36,653 | +46.3% |
| Reserves | 13 | €79,083 | €115,736 | +€36,653 | +46.3% |
| Distributable reserves | 133 | €79,083 | €115,736 | +€36,653 | +46.3% |
| Amounts payable | 17/49 | €11,889 | €13,660 | +€1,771 | +14.9% |
| Amounts payable within one year | 42/48 | €11,889 | €13,660 | +€1,771 | +14.9% |
| Trade debts | 44 | - | €232 | +€232 | |
| Suppliers | 440/4 | - | €232 | +€232 | |
| Taxes, remuneration and social security | 45 | €7,875 | €13,225 | +€5,350 | +67.9% |
| Taxes | 450/3 | €7,875 | €13,225 | +€5,350 | +67.9% |
| Other amounts payable | 47/48 | €4,014 | €203 | -€3,812 | -95.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €702 | €927 | +€226 | +32.2% |
| Other operating charges | 640/8 | €182 | €903 | +€721 | +396% |
| Gross operating margin | 9900 | €163,765 | €58,809 | -€104,956 | -64.1% |
| Operating profit (loss) | 9901 | €162,882 | €56,978 | -€105,903 | -65.0% |
| Financial income | 75/76B | - | €432 | +€432 | |
| Recurring financial income | 75 | - | €432 | +€432 | |
| Financial charges | 65/66B | €260 | €170 | -€90 | -34.7% |
| Recurring financial charges | 65 | €260 | €170 | -€90 | -34.7% |
| Profit (loss) for the period before taxes | 9903 | €162,622 | €57,241 | -€105,381 | -64.8% |
| Income taxes | 67/77 | €48,875 | €20,588 | -€28,287 | -57.9% |
| Profit (loss) for the period | 9904 | €113,747 | €36,653 | -€77,094 | -67.8% |
| Profit (loss) for the period to be appropriated | 9905 | €113,747 | €36,653 | -€77,094 | -67.8% |
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 20 October 2026 via checked.be.