Francis JACQUES: 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.
Francis JACQUES
Largest movements
- Tangible fixed assets +€507,847
up €507,847 (+179%), from €284,367 to €792,215
of which Land and buildings: +€507,057
- Cash -€60,539
down €60,539 (-64.2%), from €94,339 to €33,800
mainly Investment in fixed assets (net) (-€532,796) and Other debts (-€1,851)
- Debts after one year +€366,465
up €366,465 (+351%), from €104,554 to €471,019
- Profit (loss) carried forward +€38,536
up €38,536 (+56.4%), from €68,302 to €106,838
- Current portion of long-term debt +€32,766
up €32,766 (+260%), from €12,604 to €45,370
- Gross operating margin +€20,476
up €20,476 (+25.9%), from €78,949 to €99,425
- Depreciation +€17,415
up €17,415 (+231%), from €7,533 to €24,948
- Financial charges +€9,233
up €9,233 (+165%), from €5,585 to €14,818
- Taxes -€2,450
down €2,450 (-16.0%), from €15,304 to €12,854
- Other operating charges +€1,086
up €1,086 (+15.1%), from €7,182 to €8,268
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 | €381,069 | €827,246 | +€446,177 | +117% |
| Fixed assets | 21/28 | €284,367 | €792,215 | +€507,847 | +179% |
| Tangible fixed assets | 22/27 | €284,367 | €792,215 | +€507,847 | +179% |
| Land and buildings | 22 | €271,237 | €778,294 | +€507,057 | +187% |
| Plant, machinery and equipment | 23 | €9,437 | €11,676 | +€2,240 | +23.7% |
| Furniture and vehicles | 24 | €3,693 | €2,244 | -€1,450 | -39.3% |
| Current assets | 29/58 | €96,701 | €35,031 | -€61,670 | -63.8% |
| Amounts receivable within one year | 40/41 | €1,265 | - | -€1,265 | |
| Other amounts receivable | 41 | €1,265 | - | -€1,265 | |
| Cash at bank and in hand | 54/58 | €94,339 | €33,800 | -€60,539 | -64.2% |
| Deferred charges and accrued income | 490/1 | €1,098 | €1,232 | +€134 | +12.2% |
| Total equity and liabilities | 10/49 | €381,069 | €827,246 | +€446,177 | +117% |
| Equity | 10/15 | €255,999 | €294,535 | +€38,536 | +15.1% |
| Contributions | 10/11 | €29,747 | €29,747 | = | 0.0% |
| Reserves | 13 | €157,950 | €157,950 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,200 | €10,200 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,200 | €10,200 | = | 0.0% |
| Distributable reserves | 133 | €147,750 | €147,750 | = | 0.0% |
| Profit (loss) carried forward | 14 | €68,302 | €106,838 | +€38,536 | +56.4% |
| Amounts payable | 17/49 | €125,069 | €532,711 | +€407,642 | +326% |
| Amounts payable after more than one year | 17 | €104,554 | €471,019 | +€366,465 | +351% |
| Financial debts | 170/4 | €104,554 | €471,019 | +€366,465 | +351% |
| Amounts payable within one year | 42/48 | €20,515 | €61,692 | +€41,177 | +201% |
| Current portion of amounts payable after more than one year | 42 | €12,604 | €45,370 | +€32,766 | +260% |
| Trade debts | 44 | - | €7,408 | +€7,408 | |
| Suppliers | 440/4 | - | €7,408 | +€7,408 | |
| Taxes, remuneration and social security | 45 | €1,662 | €4,516 | +€2,854 | +172% |
| Taxes | 450/3 | €1,662 | €4,516 | +€2,854 | +172% |
| Other amounts payable | 47/48 | €6,250 | €4,398 | -€1,851 | -29.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,533 | €24,948 | +€17,415 | +231% |
| Other operating charges | 640/8 | €7,182 | €8,268 | +€1,086 | +15.1% |
| Gross operating margin | 9900 | €78,949 | €99,425 | +€20,476 | +25.9% |
| Operating profit (loss) | 9901 | €64,233 | €66,208 | +€1,975 | +3.1% |
| Financial charges | 65/66B | €5,585 | €14,818 | +€9,233 | +165% |
| Recurring financial charges | 65 | €5,585 | €14,818 | +€9,233 | +165% |
| Profit (loss) for the period before taxes | 9903 | €58,648 | €51,390 | -€7,259 | -12.4% |
| Income taxes | 67/77 | €15,304 | €12,854 | -€2,450 | -16.0% |
| Profit (loss) for the period | 9904 | €43,344 | €38,536 | -€4,809 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €43,344 | €38,536 | -€4,809 | -11.1% |
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 18 October 2026 via checked.be.