J-L BADOT: 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.
J-L BADOT
Largest movements
- Current investments +€65,000
up €65,000 (+26.5%), from €245,000 to €310,000
- Cash -€34,111
down €34,111 (-6.1%), from €559,510 to €525,398
mainly Contributions, distributions and other (-€221,909) and Current investments (-€65,000)
- Receivables within one year +€9,328
new in 2025: €9,328
- Other debts +€131,867
up €131,867 (+4,570%), from €2,885 to €134,752
- Reserves -€79,418
down €79,418 (-9.5%), from €838,109 to €758,691
- Gross operating margin -€51,410
down €51,410 (-19.1%), from €268,638 to €217,227
- Taxes -€14,342
down €14,342 (-17.3%), from €83,057 to €68,716
- Financial income +€6,219
up €6,219 (+158%), from €3,927 to €10,145
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 | €866,550 | €909,976 | +€43,427 | +5.0% |
| Fixed assets | 21/28 | €48,277 | €52,398 | +€4,121 | +8.5% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €48,135 | €52,256 | +€4,121 | +8.6% |
| Land and buildings | 22 | €2,372 | €17,235 | +€14,862 | +626% |
| Furniture and vehicles | 24 | €45,762 | €35,021 | -€10,742 | -23.5% |
| Financial fixed assets | 28 | €142 | €142 | = | 0.0% |
| Current assets | 29/58 | €818,273 | €857,579 | +€39,306 | +4.8% |
| Amounts receivable within one year | 40/41 | - | €9,328 | +€9,328 | |
| Other amounts receivable | 41 | - | €9,328 | +€9,328 | |
| Current investments | 50/53 | €245,000 | €310,000 | +€65,000 | +26.5% |
| Cash at bank and in hand | 54/58 | €559,510 | €525,398 | -€34,111 | -6.1% |
| Deferred charges and accrued income | 490/1 | €13,763 | €12,852 | -€911 | -6.6% |
| Total equity and liabilities | 10/49 | €866,550 | €909,976 | +€43,427 | +5.0% |
| Equity | 10/15 | €850,509 | €771,091 | -€79,418 | -9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €838,109 | €758,691 | -€79,418 | -9.5% |
| Distributable reserves | 133 | €838,109 | €758,691 | -€79,418 | -9.5% |
| Amounts payable | 17/49 | €16,041 | €138,886 | +€122,845 | +766% |
| Amounts payable within one year | 42/48 | €16,041 | €138,886 | +€122,845 | +766% |
| Trade debts | 44 | €6,276 | €4,086 | -€2,190 | -34.9% |
| Suppliers | 440/4 | €6,276 | €4,086 | -€2,190 | -34.9% |
| Taxes, remuneration and social security | 45 | €6,879 | €47 | -€6,832 | -99.3% |
| Taxes | 450/3 | €6,879 | €47 | -€6,832 | -99.3% |
| Other amounts payable | 47/48 | €2,885 | €134,752 | +€131,867 | +4,570% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,845 | €14,804 | +€959 | +6.9% |
| Other operating charges | 640/8 | €1,078 | €1,103 | +€25 | +2.3% |
| Gross operating margin | 9900 | €268,638 | €217,227 | -€51,410 | -19.1% |
| Operating profit (loss) | 9901 | €253,714 | €201,320 | -€52,394 | -20.7% |
| Financial income | 75/76B | €3,927 | €10,145 | +€6,219 | +158% |
| Recurring financial income | 75 | €3,927 | €10,145 | +€6,219 | +158% |
| Financial charges | 65/66B | €202 | €259 | +€57 | +28.2% |
| Recurring financial charges | 65 | €202 | €259 | +€57 | +28.2% |
| Profit (loss) for the period before taxes | 9903 | €257,439 | €211,206 | -€46,232 | -18.0% |
| Income taxes | 67/77 | €83,057 | €68,716 | -€14,342 | -17.3% |
| Profit (loss) for the period | 9904 | €174,381 | €142,490 | -€31,891 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €174,381 | €142,490 | -€31,891 | -18.3% |
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.