JACKY BARCHON: 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.
JACKY BARCHON
Largest movements
- Receivables within one year -€26,700
down €26,700 (-79.8%), from €33,456 to €6,756
of which Trade receivables: -€26,181
- Tangible fixed assets -€24,139
down €24,139 (-4.7%), from €510,444 to €486,305
of which Plant, machinery and equipment: -€19,101
- Reserves +€50,000
new in 2025: €50,000
- Debts after one year -€49,946
down €49,946 (-11.5%), from €434,645 to €384,699
of which Financial debts: -€49,946
- Trade debts -€41,527
down €41,527 (-38.8%), from €106,938 to €65,411
- Profit (loss) carried forward -€28,420
down €28,420 (-88.3%), from €32,187 to €3,767
- Gross operating margin +€159,895
up €159,895 (+59.8%), from €267,420 to €427,315
- Staff costs +€118,735
up €118,735 (+67.3%), from €176,420 to €295,155
- Depreciation +€36,978
up €36,978 (+90.9%), from €40,689 to €77,667
- Financial charges +€11,037
up €11,037 (+80.7%), from €13,682 to €24,719
- Other operating charges +€4,313
up €4,313 (+97.0%), from €4,447 to €8,760
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 | €725,979 | €666,558 | -€59,420 | -8.2% |
| Formation expenses | 20 | €19,184 | €15,401 | -€3,783 | -19.7% |
| Fixed assets | 21/28 | €510,444 | €486,305 | -€24,139 | -4.7% |
| Tangible fixed assets | 22/27 | €510,444 | €486,305 | -€24,139 | -4.7% |
| Plant, machinery and equipment | 23 | €84,905 | €65,804 | -€19,101 | -22.5% |
| Furniture and vehicles | 24 | €23,124 | €17,902 | -€5,222 | -22.6% |
| Other tangible fixed assets | 26 | €402,416 | €402,599 | +€183 | 0.0% |
| Current assets | 29/58 | €196,350 | €164,852 | -€31,498 | -16.0% |
| Stocks and contracts in progress | 3 | €14,235 | €9,929 | -€4,306 | -30.3% |
| Stocks | 30/36 | €14,235 | €9,929 | -€4,306 | -30.3% |
| Amounts receivable within one year | 40/41 | €33,456 | €6,756 | -€26,700 | -79.8% |
| Trade receivables | 40 | €28,583 | €2,402 | -€26,181 | -91.6% |
| Other amounts receivable | 41 | €4,873 | €4,354 | -€519 | -10.7% |
| Cash at bank and in hand | 54/58 | €133,503 | €137,887 | +€4,385 | +3.3% |
| Deferred charges and accrued income | 490/1 | €15,157 | €10,280 | -€4,876 | -32.2% |
| Total equity and liabilities | 10/49 | €725,979 | €666,558 | -€59,420 | -8.2% |
| Equity | 10/15 | €82,187 | €103,767 | +€21,580 | +26.3% |
| Contributions | 10/11 | €50,000 | €50,000 | = | 0.0% |
| Reserves | 13 | - | €50,000 | +€50,000 | |
| Distributable reserves | 133 | - | €50,000 | +€50,000 | |
| Profit (loss) carried forward | 14 | €32,187 | €3,767 | -€28,420 | -88.3% |
| Amounts payable | 17/49 | €643,791 | €562,791 | -€81,000 | -12.6% |
| Amounts payable after more than one year | 17 | €434,645 | €384,699 | -€49,946 | -11.5% |
| Financial debts | 170/4 | €369,645 | €319,699 | -€49,946 | -13.5% |
| Other amounts payable | 178/9 | €65,000 | €65,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €209,146 | €176,300 | -€32,846 | -15.7% |
| Current portion of amounts payable after more than one year | 42 | €53,803 | €55,422 | +€1,618 | +3.0% |
| Financial debts | 43 | - | €3,628 | +€3,628 | |
| Credit institutions | 430/8 | - | €3,628 | +€3,628 | |
| Trade debts | 44 | €106,938 | €65,411 | -€41,527 | -38.8% |
| Suppliers | 440/4 | €106,938 | €65,411 | -€41,527 | -38.8% |
| Advances received on contracts in progress | 46 | €1,044 | €1,308 | +€264 | +25.2% |
| Taxes, remuneration and social security | 45 | €47,183 | €50,393 | +€3,210 | +6.8% |
| Taxes | 450/3 | €21,003 | €18,601 | -€2,401 | -11.4% |
| Remuneration and social security | 454/9 | €26,180 | €31,792 | +€5,612 | +21.4% |
| Other amounts payable | 47/48 | €179 | €140 | -€39 | -21.8% |
| Accrued charges and deferred income | 492/3 | - | €1,792 | +€1,792 | |
| Remuneration, social security and pensions | 62 | €176,420 | €295,155 | +€118,735 | +67.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,689 | €77,667 | +€36,978 | +90.9% |
| Other operating charges | 640/8 | €4,447 | €8,760 | +€4,313 | +97.0% |
| Gross operating margin | 9900 | €267,420 | €427,315 | +€159,895 | +59.8% |
| Operating profit (loss) | 9901 | €45,864 | €45,732 | -€132 | -0.3% |
| Financial income | 75/76B | €5 | €567 | +€562 | +11461.2% |
| Recurring financial income | 75 | €5 | €567 | +€562 | +11461.2% |
| Financial charges | 65/66B | €13,682 | €24,719 | +€11,037 | +80.7% |
| Recurring financial charges | 65 | €13,682 | €24,719 | +€11,037 | +80.7% |
| Profit (loss) for the period before taxes | 9903 | €32,187 | €21,580 | -€10,607 | -33.0% |
| Profit (loss) for the period | 9904 | €32,187 | €21,580 | -€10,607 | -33.0% |
| Profit (loss) for the period to be appropriated | 9905 | €32,187 | €21,580 | -€10,607 | -33.0% |
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 9 October 2026 via checked.be.