Francois Jaucot: 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.
Francois Jaucot
Largest movements
- Cash +€1.2m
up €1.2m (+829%), from €138,992 to €1.3m
mainly Current investments (+€773,652) and Receivables after one year (+€710,595)
- Current investments -€773,652
down €773,652 (-94.0%), from €823,436 to €49,785
- Receivables after one year -€710,595
down €710,595 (-92.6%), from €767,500 to €56,905
- Receivables within one year +€273,621
up €273,621 (+757%), from €36,126 to €309,747
of which Other amounts receivable: +€277,036
- Tangible fixed assets -€103,041
down €103,041 (-11.1%), from €929,091 to €826,050
of which Land and buildings: -€94,053
- Other debts -€186,392
down €186,392 (-99.0%), from €188,275 to €1,883
- Reserves +€120,339
up €120,339 (+6.2%), from €1.9m to €2.0m
of which Distributable reserves: +€667,639
- Debts after one year -€76,650
down €76,650 (-16.9%), from €452,670 to €376,020
- Gross operating margin +€72,580
up €72,580 (+47.8%), from €151,911 to €224,491
- Other operating charges +€68,285
up €68,285 (+531%), from €12,868 to €81,153
- Taxes +€65,375
up €65,375 (+169%), from €38,636 to €104,011
- Financial income +€65,123
up €65,123 (+95.5%), from €68,172 to €133,295
- Financial charges +€3,693
up €3,693 (+33.9%), from €10,910 to €14,604
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 | €2,705,665 | €2,554,978 | -€150,687 | -5.6% |
| Fixed assets | 21/28 | €929,091 | €826,050 | -€103,041 | -11.1% |
| Tangible fixed assets | 22/27 | €929,091 | €826,050 | -€103,041 | -11.1% |
| Land and buildings | 22 | €809,529 | €715,476 | -€94,053 | -11.6% |
| Furniture and vehicles | 24 | €115,258 | €109,059 | -€6,199 | -5.4% |
| Other tangible fixed assets | 26 | €4,304 | €1,515 | -€2,789 | -64.8% |
| Current assets | 29/58 | €1,776,574 | €1,728,928 | -€47,646 | -2.7% |
| Amounts receivable after more than one year | 29 | €767,500 | €56,905 | -€710,595 | -92.6% |
| Other amounts receivable | 291 | €767,500 | €56,905 | -€710,595 | -92.6% |
| Amounts receivable within one year | 40/41 | €36,126 | €309,747 | +€273,621 | +757% |
| Trade receivables | 40 | €3,415 | - | -€3,415 | |
| Other amounts receivable | 41 | €32,711 | €309,747 | +€277,036 | +847% |
| Current investments | 50/53 | €823,436 | €49,785 | -€773,652 | -94.0% |
| Cash at bank and in hand | 54/58 | €138,992 | €1,291,216 | +€1.2m | +829% |
| Deferred charges and accrued income | 490/1 | €10,520 | €21,277 | +€10,757 | +102% |
| Total equity and liabilities | 10/49 | €2,705,665 | €2,554,978 | -€150,687 | -5.6% |
| Equity | 10/15 | €1,939,574 | €2,059,980 | +€120,406 | +6.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,927,174 | €2,047,513 | +€120,339 | +6.2% |
| Tax-exempt reserves | 132 | €547,300 | - | -€547,300 | |
| Distributable reserves | 133 | €1,379,874 | €2,047,513 | +€667,639 | +48.4% |
| Profit (loss) carried forward | 14 | - | €67 | +€67 | |
| Amounts payable | 17/49 | €766,091 | €494,998 | -€271,093 | -35.4% |
| Amounts payable after more than one year | 17 | €452,670 | €376,020 | -€76,650 | -16.9% |
| Financial debts | 170/4 | €452,670 | €376,020 | -€76,650 | -16.9% |
| Amounts payable within one year | 42/48 | €308,426 | €118,850 | -€189,576 | -61.5% |
| Current portion of amounts payable after more than one year | 42 | €75,302 | €76,818 | +€1,516 | +2.0% |
| Trade debts | 44 | €15,123 | €36,597 | +€21,474 | +142% |
| Suppliers | 440/4 | €15,123 | €36,597 | +€21,474 | +142% |
| Taxes, remuneration and social security | 45 | €29,727 | €3,552 | -€26,175 | -88.1% |
| Taxes | 450/3 | €29,727 | €3,552 | -€26,175 | -88.1% |
| Other amounts payable | 47/48 | €188,275 | €1,883 | -€186,392 | -99.0% |
| Accrued charges and deferred income | 492/3 | €4,995 | €128 | -€4,867 | -97.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,721 | €37,613 | +€2,892 | +8.3% |
| Other operating charges | 640/8 | €12,868 | €81,153 | +€68,285 | +531% |
| Gross operating margin | 9900 | €151,911 | €224,491 | +€72,580 | +47.8% |
| Operating profit (loss) | 9901 | €104,322 | €105,725 | +€1,403 | +1.3% |
| Financial income | 75/76B | €68,172 | €133,295 | +€65,123 | +95.5% |
| Recurring financial income | 75 | €68,172 | €133,295 | +€65,123 | +95.5% |
| Financial charges | 65/66B | €10,910 | €14,604 | +€3,693 | +33.9% |
| Recurring financial charges | 65 | €10,910 | €14,604 | +€3,693 | +33.9% |
| Profit (loss) for the period before taxes | 9903 | €161,583 | €224,416 | +€62,833 | +38.9% |
| Income taxes | 67/77 | €38,636 | €104,011 | +€65,375 | +169% |
| Profit (loss) for the period | 9904 | €122,947 | €120,406 | -€2,542 | -2.1% |
| Transfer from tax-exempt reserves | 789 | - | €547,300 | +€547,300 | |
| Profit (loss) for the period to be appropriated | 9905 | €122,947 | €667,706 | +€544,758 | +443% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.