JACQUELINE: 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.
JACQUELINE
Largest movements
- Cash +€293,324
up €293,324 (+854%), from €34,362 to €327,686
mainly Net result for the year (+€473,862) and Depreciation (+€300,859)
- Tangible fixed assets +€168,688
up €168,688 (+8.3%), from €2.0m to €2.2m
of which Land and buildings: +€186,076
- Reserves +€439,873
up €439,873 (+75.3%), from €584,150 to €1.0m
of which Tax-exempt reserves: +€495,873
- Contributions +€56,000
up €56,000 (+10.0%), from €560,000 to €616,000
- Gross operating margin +€719,910
up €719,910 (+1,093%), from €65,858 to €785,768
- Depreciation +€206,084
up €206,084 (+217%), from €94,775 to €300,859
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 | €2,094,869 | €2,543,396 | +€448,527 | +21.4% |
| Fixed assets | 21/28 | €2,037,954 | €2,206,642 | +€168,688 | +8.3% |
| Tangible fixed assets | 22/27 | €2,037,954 | €2,206,642 | +€168,688 | +8.3% |
| Land and buildings | 22 | €2,004,179 | €2,190,255 | +€186,076 | +9.3% |
| Furniture and vehicles | 24 | €33,775 | €16,387 | -€17,388 | -51.5% |
| Current assets | 29/58 | €56,915 | €336,754 | +€279,839 | +492% |
| Amounts receivable within one year | 40/41 | €18,139 | €1,444 | -€16,695 | -92.0% |
| Trade receivables | 40 | €17,849 | - | -€17,849 | |
| Other amounts receivable | 41 | €290 | €1,444 | +€1,154 | +398% |
| Current investments | 50/53 | €4,414 | €7,624 | +€3,210 | +72.7% |
| Cash at bank and in hand | 54/58 | €34,362 | €327,686 | +€293,324 | +854% |
| Total equity and liabilities | 10/49 | €2,094,869 | €2,543,396 | +€448,527 | +21.4% |
| Equity | 10/15 | €2,054,317 | €2,528,180 | +€473,863 | +23.1% |
| Contributions | 10/11 | €560,000 | €616,000 | +€56,000 | +10.0% |
| Capital | 10 | €560,000 | - | -€560,000 | |
| Issued capital | 100 | €560,000 | - | -€560,000 | |
| Reserves | 13 | €584,150 | €1,024,023 | +€439,873 | +75.3% |
| Non-distributable reserves | 130/1 | €56,000 | - | -€56,000 | |
| Legal reserve | 130 | €56,000 | - | -€56,000 | |
| Tax-exempt reserves | 132 | €147,350 | €643,223 | +€495,873 | +337% |
| Distributable reserves | 133 | €380,800 | €380,800 | = | 0.0% |
| Profit (loss) carried forward | 14 | €910,167 | €888,157 | -€22,010 | -2.4% |
| Amounts payable | 17/49 | €40,552 | €15,216 | -€25,336 | -62.5% |
| Amounts payable within one year | 42/48 | €40,552 | €15,216 | -€25,336 | -62.5% |
| Trade debts | 44 | €13,903 | €381 | -€13,522 | -97.3% |
| Suppliers | 440/4 | €13,903 | €381 | -€13,522 | -97.3% |
| Taxes, remuneration and social security | 45 | €565 | €935 | +€370 | +65.5% |
| Taxes | 450/3 | €565 | €935 | +€370 | +65.5% |
| Other amounts payable | 47/48 | €26,084 | €13,900 | -€12,184 | -46.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €94,775 | €300,859 | +€206,084 | +217% |
| Other operating charges | 640/8 | €9,909 | €11,164 | +€1,255 | +12.7% |
| Gross operating margin | 9900 | €65,858 | €785,768 | +€719,910 | +1,093% |
| Operating profit (loss) | 9901 | -€38,826 | €473,745 | +€512,571 | |
| Financial income | 75/76B | €1,971 | €1,167 | -€804 | -40.8% |
| Recurring financial income | 75 | €1,971 | €1,167 | -€804 | -40.8% |
| Financial charges | 65/66B | €1,213 | €758 | -€455 | -37.5% |
| Recurring financial charges | 65 | €1,213 | €758 | -€455 | -37.5% |
| Profit (loss) for the period before taxes | 9903 | -€38,068 | €474,154 | +€512,222 | |
| Income taxes | 67/77 | €334 | €292 | -€42 | -12.6% |
| Profit (loss) for the period | 9904 | -€38,402 | €473,862 | +€512,264 | |
| Transfer from tax-exempt reserves | 789 | €11,691 | €18,046 | +€6,355 | +54.4% |
| Transfer to tax-exempt reserves | 689 | - | €513,918 | +€513,918 | |
| Profit (loss) for the period to be appropriated | 9905 | -€26,711 | -€22,010 | +€4,701 | +17.6% |
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 13 October 2026 via checked.be.