JACKIE LEE: 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 LEE
Largest movements
- Receivables within one year -€55,889
down €55,889 (-22.3%), from €251,146 to €195,257
of which Trade receivables: -€68,095
- Cash -€21,965
down €21,965 (-37.2%), from €58,995 to €37,030
mainly Other debts (-€42,418) and Trade debts (-€40,987)
- Tangible fixed assets -€8,980
down €8,980 (-13.7%), from €65,486 to €56,506
of which Plant, machinery and equipment: -€6,999
- Deferred charges and accrued income +€5,950
up €5,950 (+149%), from €4,000 to €9,950
- Other debts -€42,418
down €42,418 (-96.9%), from €43,774 to €1,356
- Trade debts -€40,987
down €40,987 (-66.9%), from €61,301 to €20,314
- Reserves +€12,473
up €12,473 (+8.5%), from €147,428 to €159,901
- Tax, wage and social debts -€8,124
down €8,124 (-14.3%), from €56,887 to €48,763
of which Taxes: -€10,142
- Taxes -€2,905
down €2,905 (-29.1%), from €9,965 to €7,061
- Gross operating margin -€2,440
down €2,440 (-1.3%), from €193,063 to €190,624
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 | €379,627 | €300,572 | -€79,056 | -20.8% |
| Fixed assets | 21/28 | €65,486 | €58,334 | -€7,152 | -10.9% |
| Intangible fixed assets | 21 | - | €1,828 | +€1,828 | |
| Tangible fixed assets | 22/27 | €65,486 | €56,506 | -€8,980 | -13.7% |
| Plant, machinery and equipment | 23 | €60,462 | €53,463 | -€6,999 | -11.6% |
| Furniture and vehicles | 24 | €5,024 | €3,044 | -€1,980 | -39.4% |
| Current assets | 29/58 | €314,141 | €242,238 | -€71,904 | -22.9% |
| Amounts receivable within one year | 40/41 | €251,146 | €195,257 | -€55,889 | -22.3% |
| Trade receivables | 40 | €184,437 | €116,342 | -€68,095 | -36.9% |
| Other amounts receivable | 41 | €66,710 | €78,916 | +€12,206 | +18.3% |
| Cash at bank and in hand | 54/58 | €58,995 | €37,030 | -€21,965 | -37.2% |
| Deferred charges and accrued income | 490/1 | €4,000 | €9,950 | +€5,950 | +149% |
| Total equity and liabilities | 10/49 | €379,627 | €300,572 | -€79,056 | -20.8% |
| Equity | 10/15 | €217,665 | €230,139 | +€12,473 | +5.7% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Reserves | 13 | €147,428 | €159,901 | +€12,473 | +8.5% |
| Distributable reserves | 133 | €147,428 | €159,901 | +€12,473 | +8.5% |
| Profit (loss) carried forward | 14 | €49,777 | €49,777 | = | 0.0% |
| Amounts payable | 17/49 | €161,962 | €70,433 | -€91,529 | -56.5% |
| Amounts payable within one year | 42/48 | €161,962 | €70,433 | -€91,529 | -56.5% |
| Trade debts | 44 | €61,301 | €20,314 | -€40,987 | -66.9% |
| Suppliers | 440/4 | €61,301 | €20,314 | -€40,987 | -66.9% |
| Taxes, remuneration and social security | 45 | €56,887 | €48,763 | -€8,124 | -14.3% |
| Taxes | 450/3 | €42,380 | €32,238 | -€10,142 | -23.9% |
| Remuneration and social security | 454/9 | €14,507 | €16,525 | +€2,018 | +13.9% |
| Other amounts payable | 47/48 | €43,774 | €1,356 | -€42,418 | -96.9% |
| Remuneration, social security and pensions | 62 | €154,716 | €156,214 | +€1,497 | +1.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,865 | €13,363 | +€497 | +3.9% |
| Other operating charges | 640/8 | €480 | €1,292 | +€812 | +169% |
| Gross operating margin | 9900 | €193,063 | €190,624 | -€2,440 | -1.3% |
| Operating profit (loss) | 9901 | €25,002 | €19,755 | -€5,247 | -21.0% |
| Financial income | 75/76B | €429 | €366 | -€62 | -14.5% |
| Recurring financial income | 75 | €429 | €366 | -€62 | -14.5% |
| Financial charges | 65/66B | €277 | €588 | +€310 | +112% |
| Recurring financial charges | 65 | €277 | €588 | +€310 | +112% |
| Profit (loss) for the period before taxes | 9903 | €25,153 | €19,534 | -€5,619 | -22.3% |
| Income taxes | 67/77 | €9,965 | €7,061 | -€2,905 | -29.1% |
| Profit (loss) for the period | 9904 | €15,188 | €12,473 | -€2,715 | -17.9% |
| Profit (loss) for the period to be appropriated | 9905 | €15,188 | €12,473 | -€2,715 | -17.9% |
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 21 October 2026 via checked.be.