Frédéricq Jacquet: 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.
Frédéricq Jacquet
Largest movements
- Cash +€26,802
up €26,802 (+17.1%), from €156,647 to €183,449
mainly Net result for the year (+€56,516) and Receivables after one year (+€9,000)
- Receivables after one year -€9,000
down €9,000 (-30.0%), from €30,000 to €21,000
- Tangible fixed assets -€5,124
down €5,124 (-16.8%), from €30,590 to €25,466
of which Furniture and vehicles: -€3,774
- Reserves +€20,516
up €20,516 (+7.4%), from €276,038 to €296,554
- Trade debts -€6,163
down €6,163 (-35.6%), from €17,309 to €11,146
- Other debts -€3,465
no longer reported in 2025 (was €3,465)
- Gross operating margin +€12,996
up €12,996 (+18.1%), from €71,804 to €84,800
- Taxes +€3,269
up €3,269 (+17.5%), from €18,664 to €21,933
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 | €321,346 | €333,469 | +€12,123 | +3.8% |
| Fixed assets | 21/28 | €30,629 | €25,505 | -€5,124 | -16.7% |
| Tangible fixed assets | 22/27 | €30,590 | €25,466 | -€5,124 | -16.8% |
| Plant, machinery and equipment | 23 | €247 | - | -€247 | |
| Furniture and vehicles | 24 | €12,788 | €9,014 | -€3,774 | -29.5% |
| Other tangible fixed assets | 26 | €17,554 | €16,452 | -€1,103 | -6.3% |
| Financial fixed assets | 28 | €39 | €39 | = | 0.0% |
| Current assets | 29/58 | €290,717 | €307,963 | +€17,247 | +5.9% |
| Amounts receivable after more than one year | 29 | €30,000 | €21,000 | -€9,000 | -30.0% |
| Other amounts receivable | 291 | €30,000 | €21,000 | -€9,000 | -30.0% |
| Amounts receivable within one year | 40/41 | - | €111 | +€111 | |
| Other amounts receivable | 41 | - | €111 | +€111 | |
| Current investments | 50/53 | €100,000 | €100,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €156,647 | €183,449 | +€26,802 | +17.1% |
| Deferred charges and accrued income | 490/1 | €4,070 | €3,404 | -€666 | -16.4% |
| Total equity and liabilities | 10/49 | €321,346 | €333,469 | +€12,123 | +3.8% |
| Equity | 10/15 | €291,038 | €311,554 | +€20,516 | +7.0% |
| Contributions | 10/11 | €15,000 | €15,000 | = | 0.0% |
| Reserves | 13 | €276,038 | €296,554 | +€20,516 | +7.4% |
| Distributable reserves | 133 | €276,038 | €296,554 | +€20,516 | +7.4% |
| Amounts payable | 17/49 | €30,308 | €21,914 | -€8,394 | -27.7% |
| Amounts payable within one year | 42/48 | €30,308 | €21,674 | -€8,634 | -28.5% |
| Trade debts | 44 | €17,309 | €11,146 | -€6,163 | -35.6% |
| Suppliers | 440/4 | €17,309 | €11,146 | -€6,163 | -35.6% |
| Taxes, remuneration and social security | 45 | €9,535 | €10,529 | +€994 | +10.4% |
| Taxes | 450/3 | €9,535 | €10,529 | +€994 | +10.4% |
| Other amounts payable | 47/48 | €3,465 | - | -€3,465 | |
| Accrued charges and deferred income | 492/3 | - | €240 | +€240 | |
| Non-recurring operating income | 76A | - | €17,247 | +€17,247 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,844 | €5,124 | -€720 | -12.3% |
| Other operating charges | 640/8 | €885 | €441 | -€444 | -50.2% |
| Gross operating margin | 9900 | €71,804 | €84,800 | +€12,996 | +18.1% |
| Operating profit (loss) | 9901 | €65,075 | €79,235 | +€14,160 | +21.8% |
| Financial income | 75/76B | €316 | €321 | +€6 | +1.8% |
| Recurring financial income | 75 | €316 | €321 | +€6 | +1.8% |
| Financial charges | 65/66B | €1,169 | €1,107 | -€62 | -5.3% |
| Recurring financial charges | 65 | €1,169 | €1,107 | -€62 | -5.3% |
| Profit (loss) for the period before taxes | 9903 | €64,222 | €78,450 | +€14,228 | +22.2% |
| Income taxes | 67/77 | €18,664 | €21,933 | +€3,269 | +17.5% |
| Profit (loss) for the period | 9904 | €45,558 | €56,516 | +€10,959 | +24.1% |
| Profit (loss) for the period to be appropriated | 9905 | €45,558 | €56,516 | +€10,959 | +24.1% |
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 26 October 2026 via checked.be.