GEORGES Jean-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.
GEORGES Jean-Jacques
Largest movements
- Receivables within one year +€61,592
up €61,592 (+9.0%), from €681,368 to €742,960
of which Other amounts receivable: +€34,728
- Cash +€11,844
up €11,844 (+19.9%), from €59,511 to €71,355
mainly Net result for the year (+€72,673) and Depreciation (+€10,226)
- Reserves +€52,853
up €52,853 (+23.4%), from €226,293 to €279,146
of which Distributable reserves: +€52,853
- Profit (loss) carried forward +€19,820
up €19,820 (+3.8%), from €521,433 to €541,253
- Debts after one year -€11,209
no longer reported in 2025 (was €11,209)
- Gross operating margin +€46,474
up €46,474 (+127%), from €36,622 to €83,096
- Financial income -€12,328
down €12,328 (-99.2%), from €12,425 to €98
of which Non-recurring financial income: -€12,341
- Taxes -€9,784
no longer reported in 2025 (was €9,784)
- Depreciation -€1,896
down €1,896 (-15.6%), from €12,122 to €10,226
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 | €778,783 | €837,048 | +€58,264 | +7.5% |
| Fixed assets | 21/28 | €11,155 | €2,870 | -€8,285 | -74.3% |
| Tangible fixed assets | 22/27 | €11,155 | €2,870 | -€8,285 | -74.3% |
| Plant, machinery and equipment | 23 | €1,789 | €2,870 | +€1,081 | +60.4% |
| Furniture and vehicles | 24 | €9,366 | - | -€9,366 | |
| Current assets | 29/58 | €767,628 | €834,178 | +€66,550 | +8.7% |
| Stocks and contracts in progress | 3 | €24,202 | €19,863 | -€4,339 | -17.9% |
| Stocks | 30/36 | €24,202 | €19,863 | -€4,339 | -17.9% |
| Amounts receivable within one year | 40/41 | €681,368 | €742,960 | +€61,592 | +9.0% |
| Trade receivables | 40 | €81,812 | €108,676 | +€26,864 | +32.8% |
| Other amounts receivable | 41 | €599,556 | €634,284 | +€34,728 | +5.8% |
| Cash at bank and in hand | 54/58 | €59,511 | €71,355 | +€11,844 | +19.9% |
| Deferred charges and accrued income | 490/1 | €2,548 | - | -€2,548 | |
| Total equity and liabilities | 10/49 | €778,783 | €837,048 | +€58,264 | +7.5% |
| Equity | 10/15 | €760,126 | €832,799 | +€72,673 | +9.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €226,293 | €279,146 | +€52,853 | +23.4% |
| Non-distributable reserves | 130/1 | €1,300 | €1,300 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,300 | €1,300 | = | 0.0% |
| Distributable reserves | 133 | €224,993 | €277,846 | +€52,853 | +23.5% |
| Profit (loss) carried forward | 14 | €521,433 | €541,253 | +€19,820 | +3.8% |
| Amounts payable | 17/49 | €18,657 | €4,249 | -€14,408 | -77.2% |
| Amounts payable after more than one year | 17 | €11,209 | - | -€11,209 | |
| Financial debts | 170/4 | €11,209 | - | -€11,209 | |
| Amounts payable within one year | 42/48 | €7,449 | €4,249 | -€3,200 | -43.0% |
| Current portion of amounts payable after more than one year | 42 | €7,449 | - | -€7,449 | |
| Trade debts | 44 | - | €3,860 | +€3,860 | |
| Suppliers | 440/4 | - | €3,860 | +€3,860 | |
| Taxes, remuneration and social security | 45 | - | €389 | +€389 | |
| Taxes | 450/3 | - | €389 | +€389 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,122 | €10,226 | -€1,896 | -15.6% |
| Other operating charges | 640/8 | €15 | €41 | +€25 | +163% |
| Gross operating margin | 9900 | €36,622 | €83,096 | +€46,474 | +127% |
| Operating profit (loss) | 9901 | €24,485 | €72,830 | +€48,346 | +197% |
| Financial income | 75/76B | €12,425 | €98 | -€12,328 | -99.2% |
| Recurring financial income | 75 | €84 | €98 | +€13 | +15.8% |
| Non-recurring financial income | 76B | €12,341 | - | -€12,341 | |
| Financial charges | 65/66B | €219 | €255 | +€37 | +16.8% |
| Recurring financial charges | 65 | €219 | €255 | +€37 | +16.8% |
| Profit (loss) for the period before taxes | 9903 | €36,691 | €72,673 | +€35,981 | +98.1% |
| Income taxes | 67/77 | €9,784 | - | -€9,784 | |
| Profit (loss) for the period | 9904 | €26,908 | €72,673 | +€45,765 | +170% |
| Profit (loss) for the period to be appropriated | 9905 | €26,908 | €72,673 | +€45,765 | +170% |
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 25 October 2026 via checked.be.