JACKY DELEM: 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.
JACKY DELEM
Largest movements
- Receivables within one year +€87,778
up €87,778 (+44.6%), from €196,813 to €284,591
of which Trade receivables: +€87,479
- Tangible fixed assets -€38,772
down €38,772 (-7.1%), from €543,127 to €504,355
- Cash -€37,458
down €37,458 (-22.6%), from €166,034 to €128,576
mainly Receivables within one year (-€87,778) and Investment in fixed assets (net) (-€73,540)
- Debts after one year -€36,876
down €36,876 (-14.2%), from €259,987 to €223,111
- Reserves +€30,000
up €30,000 (+19.7%), from €152,522 to €182,522
of which Distributable reserves: +€30,000
- Other debts +€18,381
up €18,381 (+2,968%), from €619 to €19,000
- Tax, wage and social debts +€15,229
up €15,229 (+37.1%), from €41,017 to €56,246
of which Taxes: +€17,433
- Current portion of long-term debt -€12,697
down €12,697 (-25.6%), from €49,574 to €36,876
- Gross operating margin +€94,953
up €94,953 (+21.2%), from €447,009 to €541,961
- Taxes +€20,056
up €20,056 (+6,423%), from €312 to €20,368
- Staff costs +€7,889
up €7,889 (+2.4%), from €331,309 to €339,198
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 | €941,896 | €956,101 | +€14,205 | +1.5% |
| Fixed assets | 21/28 | €543,127 | €504,355 | -€38,772 | -7.1% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €543,127 | €504,355 | -€38,772 | -7.1% |
| Land and buildings | 22 | €209,021 | €195,625 | -€13,396 | -6.4% |
| Plant, machinery and equipment | 23 | €252,462 | €244,085 | -€8,378 | -3.3% |
| Furniture and vehicles | 24 | €41,537 | €26,241 | -€15,296 | -36.8% |
| Other tangible fixed assets | 26 | €40,107 | €38,404 | -€1,703 | -4.2% |
| Current assets | 29/58 | €398,769 | €451,747 | +€52,978 | +13.3% |
| Stocks and contracts in progress | 3 | €31,557 | €34,110 | +€2,553 | +8.1% |
| Stocks | 30/36 | €31,557 | €34,110 | +€2,553 | +8.1% |
| Amounts receivable within one year | 40/41 | €196,813 | €284,591 | +€87,778 | +44.6% |
| Trade receivables | 40 | €184,799 | €272,277 | +€87,479 | +47.3% |
| Other amounts receivable | 41 | €12,015 | €12,314 | +€299 | +2.5% |
| Cash at bank and in hand | 54/58 | €166,034 | €128,576 | -€37,458 | -22.6% |
| Deferred charges and accrued income | 490/1 | €4,364 | €4,469 | +€104 | +2.4% |
| Total equity and liabilities | 10/49 | €941,896 | €956,101 | +€14,205 | +1.5% |
| Equity | 10/15 | €550,065 | €583,884 | +€33,819 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €152,522 | €182,522 | +€30,000 | +19.7% |
| Tax-exempt reserves | 132 | €70,662 | €70,662 | = | 0.0% |
| Distributable reserves | 133 | €81,860 | €111,860 | +€30,000 | +36.6% |
| Profit (loss) carried forward | 14 | €371,143 | €375,496 | +€4,352 | +1.2% |
| Investment grants | 15 | €7,800 | €7,266 | -€534 | -6.8% |
| Amounts payable | 17/49 | €391,831 | €372,218 | -€19,613 | -5.0% |
| Amounts payable after more than one year | 17 | €259,987 | €223,111 | -€36,876 | -14.2% |
| Financial debts | 170/4 | €259,987 | €223,111 | -€36,876 | -14.2% |
| Amounts payable within one year | 42/48 | €131,844 | €149,107 | +€17,263 | +13.1% |
| Current portion of amounts payable after more than one year | 42 | €49,574 | €36,876 | -€12,697 | -25.6% |
| Trade debts | 44 | €40,633 | €36,984 | -€3,649 | -9.0% |
| Suppliers | 440/4 | €40,633 | €36,984 | -€3,649 | -9.0% |
| Taxes, remuneration and social security | 45 | €41,017 | €56,246 | +€15,229 | +37.1% |
| Taxes | 450/3 | €6,231 | €23,664 | +€17,433 | +280% |
| Remuneration and social security | 454/9 | €34,787 | €32,582 | -€2,205 | -6.3% |
| Other amounts payable | 47/48 | €619 | €19,000 | +€18,381 | +2,968% |
| Non-recurring operating income | 76A | - | €15,740 | +€15,740 | |
| Remuneration, social security and pensions | 62 | €331,309 | €339,198 | +€7,889 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €110,101 | €112,312 | +€2,211 | +2.0% |
| Other operating charges | 640/8 | €6,672 | €6,270 | -€403 | -6.0% |
| Gross operating margin | 9900 | €447,009 | €541,961 | +€94,953 | +21.2% |
| Operating profit (loss) | 9901 | -€1,074 | €84,182 | +€85,256 | |
| Financial income | 75/76B | €782 | €948 | +€166 | +21.2% |
| Recurring financial income | 75 | €782 | €948 | +€166 | +21.2% |
| Financial charges | 65/66B | €5,496 | €10,410 | +€4,913 | +89.4% |
| Recurring financial charges | 65 | €5,496 | €10,410 | +€4,913 | +89.4% |
| Profit (loss) for the period before taxes | 9903 | -€5,788 | €74,721 | +€80,509 | |
| Income taxes | 67/77 | €312 | €20,368 | +€20,056 | +6,423% |
| Profit (loss) for the period | 9904 | -€6,101 | €54,352 | +€60,453 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,101 | €54,352 | +€60,453 |
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 27 October 2026 via checked.be.