JACKIE BRUSSELS: 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.
JACKIE BRUSSELS
Largest movements
- Receivables within one year -€6,598
down €6,598 (-25.3%), from €26,052 to €19,455
of which Trade receivables: -€3,549
- Cash +€4,278
up €4,278 (+15.2%), from €28,180 to €32,458
mainly Net result for the year (+€18,257) and Receivables within one year (+€6,598)
- Tangible fixed assets +€922
up €922 (+108%), from €856 to €1,778
- Profit (loss) carried forward +€18,257
up €18,257, from -€1,871 to €16,387
- Other debts -€12,660
no longer reported in 2025 (was €12,660)
- Debts after one year -€3,823
no longer reported in 2025 (was €3,823)
- Current portion of long-term debt -€2,587
down €2,587 (-40.4%), from €6,410 to €3,823
- Accrued charges and deferred income +€2,334
up €2,334 (+27.7%), from €8,422 to €10,757
- Gross operating margin -€3,847
down €3,847 (-16.1%), from €23,948 to €20,102
- Taxes +€551
new in 2025: €551
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 | €55,807 | €53,874 | -€1,933 | -3.5% |
| Fixed assets | 21/28 | €856 | €1,778 | +€922 | +108% |
| Tangible fixed assets | 22/27 | €856 | €1,778 | +€922 | +108% |
| Furniture and vehicles | 24 | €856 | €1,778 | +€922 | +108% |
| Current assets | 29/58 | €54,951 | €52,096 | -€2,855 | -5.2% |
| Amounts receivable within one year | 40/41 | €26,052 | €19,455 | -€6,598 | -25.3% |
| Trade receivables | 40 | €5,311 | €1,762 | -€3,549 | -66.8% |
| Other amounts receivable | 41 | €20,741 | €17,693 | -€3,048 | -14.7% |
| Cash at bank and in hand | 54/58 | €28,180 | €32,458 | +€4,278 | +15.2% |
| Deferred charges and accrued income | 490/1 | €719 | €184 | -€535 | -74.4% |
| Total equity and liabilities | 10/49 | €55,807 | €53,874 | -€1,933 | -3.5% |
| Equity | 10/15 | €17,729 | €35,987 | +€18,257 | +103% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €600 | €600 | = | 0.0% |
| Distributable reserves | 133 | €600 | €600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€1,871 | €16,387 | +€18,257 | |
| Amounts payable | 17/49 | €38,077 | €17,888 | -€20,190 | -53.0% |
| Amounts payable after more than one year | 17 | €3,823 | - | -€3,823 | |
| Financial debts | 170/4 | €3,823 | - | -€3,823 | |
| Amounts payable within one year | 42/48 | €25,832 | €7,131 | -€18,701 | -72.4% |
| Current portion of amounts payable after more than one year | 42 | €6,410 | €3,823 | -€2,587 | -40.4% |
| Trade debts | 44 | €1,886 | - | -€1,886 | |
| Suppliers | 440/4 | €1,886 | - | -€1,886 | |
| Taxes, remuneration and social security | 45 | €4,877 | €3,308 | -€1,569 | -32.2% |
| Taxes | 450/3 | €4,877 | €3,308 | -€1,569 | -32.2% |
| Other amounts payable | 47/48 | €12,660 | - | -€12,660 | |
| Accrued charges and deferred income | 492/3 | €8,422 | €10,757 | +€2,334 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,145 | €976 | -€168 | -14.7% |
| Other operating charges | 640/8 | €450 | €400 | -€51 | -11.3% |
| Gross operating margin | 9900 | €23,948 | €20,102 | -€3,847 | -16.1% |
| Operating profit (loss) | 9901 | €22,353 | €18,726 | -€3,628 | -16.2% |
| Financial income | 75/76B | €884 | €725 | -€160 | -18.1% |
| Recurring financial income | 75 | €884 | €725 | -€160 | -18.1% |
| Financial charges | 65/66B | €829 | €642 | -€187 | -22.5% |
| Recurring financial charges | 65 | €829 | €642 | -€187 | -22.5% |
| Profit (loss) for the period before taxes | 9903 | €22,409 | €18,808 | -€3,601 | -16.1% |
| Income taxes | 67/77 | - | €551 | +€551 | |
| Profit (loss) for the period | 9904 | €22,409 | €18,257 | -€4,151 | -18.5% |
| Profit (loss) for the period to be appropriated | 9905 | €22,409 | €18,257 | -€4,151 | -18.5% |
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 17 October 2026 via checked.be.