Georges JACQUES: what changed
Two fiscal 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.
Georges JACQUES
Largest movements
- Stocks and contracts -€154,938
down €154,938 (-27.7%), from €558,622 to €403,684
- Receivables within one year +€79,423
up €79,423 (+73.9%), from €107,479 to €186,901
of which Other amounts receivable: +€94,398
- Cash +€67,747
up €67,747 (+37.1%), from €182,754 to €250,501
mainly Stocks and contracts (+€154,938) and Other debts (+€95,502)
- Tangible fixed assets +€16,127
up €16,127 (+6.5%), from €249,999 to €266,126
of which Furniture and vehicles: +€43,980
- Other debts +€95,502
up €95,502 (+1005.5%), from €9,498 to €105,000
- Reserves -€49,668
down €49,668 (-8.4%), from €589,602 to €539,935
of which Distributable reserves: -€36,797
- Advances received -€39,889
down €39,889 (-35.5%), from €112,400 to €72,511
- Tax, wage and social debts +€25,485
up €25,485 (+77.7%), from €32,804 to €58,290
of which Taxes: +€26,740
- Gross operating margin +€65,782
up €65,782 (+26.8%), from €245,365 to €311,147
- Other operating charges +€14,371
up €14,371 (+53.3%), from €26,964 to €41,335
- Staff costs -€10,004
down €10,004 (-5.8%), from €171,574 to €161,570
- Depreciation +€9,631
up €9,631 (+27.2%), from €35,448 to €45,079
- Financial income -€3,339
down €3,339 (-53.6%), from €6,230 to €2,891
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 | €1,112,080 | €1,121,129 | +€9,050 | +0.8% |
| Fixed assets | 21/28 | €257,097 | €273,287 | +€16,190 | +6.3% |
| Tangible fixed assets | 22/27 | €249,999 | €266,126 | +€16,127 | +6.5% |
| Land and buildings | 22 | €243,769 | €216,086 | -€27,683 | -11.4% |
| Plant, machinery and equipment | 23 | €636 | €466 | -€170 | -26.7% |
| Furniture and vehicles | 24 | €5,594 | €49,574 | +€43,980 | +786.3% |
| Financial fixed assets | 28 | €7,099 | €7,161 | +€63 | +0.9% |
| Current assets | 29/58 | €854,983 | €847,842 | -€7,141 | -0.8% |
| Stocks and contracts in progress | 3 | €558,622 | €403,684 | -€154,938 | -27.7% |
| Stocks | 30/36 | €558,622 | €403,684 | -€154,938 | -27.7% |
| Amounts receivable within one year | 40/41 | €107,479 | €186,901 | +€79,423 | +73.9% |
| Trade receivables | 40 | €84,470 | €69,495 | -€14,976 | -17.7% |
| Other amounts receivable | 41 | €23,008 | €117,407 | +€94,398 | +410.3% |
| Cash at bank and in hand | 54/58 | €182,754 | €250,501 | +€67,747 | +37.1% |
| Deferred charges and accrued income | 490/1 | €6,128 | €6,756 | +€628 | +10.2% |
| Total equity and liabilities | 10/49 | €1,112,080 | €1,121,129 | +€9,050 | +0.8% |
| Equity | 10/15 | €812,337 | €762,689 | -€49,648 | -6.1% |
| Contributions | 10/11 | €192,520 | €192,520 | = | 0.0% |
| Reserves | 13 | €589,602 | €539,935 | -€49,668 | -8.4% |
| Tax-exempt reserves | 132 | €125,763 | €112,893 | -€12,871 | -10.2% |
| Distributable reserves | 133 | €463,839 | €427,042 | -€36,797 | -7.9% |
| Profit (loss) carried forward | 14 | €13,073 | €13,092 | +€19 | +0.1% |
| Investment grants | 15 | €17,142 | €17,142 | = | 0.0% |
| Provisions and deferred taxes | 16 | €11,439 | €8,221 | -€3,218 | -28.1% |
| Deferred taxes | 168 | €11,439 | €8,221 | -€3,218 | -28.1% |
| Amounts payable | 17/49 | €288,304 | €350,219 | +€61,916 | +21.5% |
| Amounts payable after more than one year | 17 | €15,332 | €4,437 | -€10,895 | -71.1% |
| Financial debts | 170/4 | €12,732 | €1,837 | -€10,895 | -85.6% |
| Other amounts payable | 178/9 | €2,600 | €2,600 | = | 0.0% |
| Amounts payable within one year | 42/48 | €272,955 | €344,666 | +€71,711 | +26.3% |
| Current portion of amounts payable after more than one year | 42 | €10,677 | €10,895 | +€217 | +2.0% |
| Trade debts | 44 | €107,575 | €97,971 | -€9,604 | -8.9% |
| Suppliers | 440/4 | €107,575 | €97,971 | -€9,604 | -8.9% |
| Advances received on contracts in progress | 46 | €112,400 | €72,511 | -€39,889 | -35.5% |
| Taxes, remuneration and social security | 45 | €32,804 | €58,290 | +€25,485 | +77.7% |
| Taxes | 450/3 | €10,971 | €37,711 | +€26,740 | +243.7% |
| Remuneration and social security | 454/9 | €21,834 | €20,579 | -€1,255 | -5.7% |
| Other amounts payable | 47/48 | €9,498 | €105,000 | +€95,502 | +1005.5% |
| Accrued charges and deferred income | 492/3 | €16 | €1,116 | +€1,099 | +6691.6% |
| Non-recurring operating income | 76A | - | €82,391 | +€82,391 | |
| Remuneration, social security and pensions | 62 | €171,574 | €161,570 | -€10,004 | -5.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €35,448 | €45,079 | +€9,631 | +27.2% |
| Other operating charges | 640/8 | €26,964 | €41,335 | +€14,371 | +53.3% |
| Gross operating margin | 9900 | €245,365 | €311,147 | +€65,782 | +26.8% |
| Operating profit (loss) | 9901 | €11,379 | €63,163 | +€51,784 | +455.1% |
| Financial income | 75/76B | €6,230 | €2,891 | -€3,339 | -53.6% |
| Recurring financial income | 75 | €6,230 | €2,891 | -€3,339 | -53.6% |
| Financial charges | 65/66B | €4,627 | €5,390 | +€763 | +16.5% |
| Recurring financial charges | 65 | €4,627 | €5,390 | +€763 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €12,981 | €60,663 | +€47,682 | +367.3% |
| Transfer from deferred taxes | 780 | €3,218 | €3,218 | = | 0.0% |
| Income taxes | 67/77 | €8,214 | €8,549 | +€335 | +4.1% |
| Profit (loss) for the period | 9904 | €7,985 | €55,332 | +€47,347 | +592.9% |
| Transfer from tax-exempt reserves | 789 | €12,871 | €12,871 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €20,856 | €68,203 | +€47,347 | +227.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 3 October 2026 via checked.be.