Jacqueline MEUNIER: what changed
Jacqueline MEUNIER
Largest movements
- Cash -€128,240
down €128,240 (-56.8%), from €225,738 to €97,498
mainly Contributions, distributions and other (-€106,912) and Investment in fixed assets (net) (-€65,420)
- Tangible fixed assets +€62,033
up €62,033 (+3,054%), from €2,031 to €64,064
of which Furniture and vehicles: +€56,022
- Receivables within one year +€21,106
up €21,106 (+441%), from €4,791 to €25,897
of which Other amounts receivable: +€13,791
- Deferred charges and accrued income +€16,241
new in 2025: €16,241
- Reserves -€106,912
down €106,912 (-46.6%), from €229,220 to €122,308
of which Distributable reserves: -€106,912
- Other debts +€54,581
new in 2025: €54,581
- Current portion of long-term debt +€12,375
new in 2025: €12,375
- Debts after one year +€10,598
new in 2025: €10,598
- Gross operating margin -€22,471
down €22,471 (-77.8%), from €28,898 to €6,426
- Taxes -€6,808
down €6,808 (-88.0%), from €7,735 to €927
- Depreciation +€1,618
up €1,618 (+91.5%), from €1,769 to €3,387
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €244,955 | €216,094 | -€28,861 | -11.8% |
| Fixed assets | 21/28 | €2,031 | €64,064 | +€62,033 | +3,054% |
| Tangible fixed assets | 22/27 | €2,031 | €64,064 | +€62,033 | +3,054% |
| Plant, machinery and equipment | 23 | - | €6,766 | +€6,766 | |
| Furniture and vehicles | 24 | €439 | €56,461 | +€56,022 | +12,753% |
| Other tangible fixed assets | 26 | €1,592 | €837 | -€755 | -47.4% |
| Current assets | 29/58 | €242,924 | €152,030 | -€90,893 | -37.4% |
| Amounts receivable within one year | 40/41 | €4,791 | €25,897 | +€21,106 | +441% |
| Trade receivables | 40 | - | €7,315 | +€7,315 | |
| Other amounts receivable | 41 | €4,791 | €18,582 | +€13,791 | +288% |
| Current investments | 50/53 | €12,395 | €12,395 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €225,738 | €97,498 | -€128,240 | -56.8% |
| Deferred charges and accrued income | 490/1 | - | €16,241 | +€16,241 | |
| Total equity and liabilities | 10/49 | €244,955 | €216,094 | -€28,861 | -11.8% |
| Equity | 10/15 | €241,620 | €134,419 | -€107,202 | -44.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €229,220 | €122,308 | -€106,912 | -46.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €227,361 | €120,449 | -€106,912 | -47.0% |
| Profit (loss) carried forward | 14 | - | -€289 | -€289 | |
| Amounts payable | 17/49 | €3,335 | €81,676 | +€78,341 | +2,349% |
| Amounts payable after more than one year | 17 | - | €10,598 | +€10,598 | |
| Financial debts | 170/4 | - | €10,598 | +€10,598 | |
| Amounts payable within one year | 42/48 | €3,335 | €71,077 | +€67,743 | +2,032% |
| Current portion of amounts payable after more than one year | 42 | - | €12,375 | +€12,375 | |
| Trade debts | 44 | €1,062 | €1,009 | -€52 | -4.9% |
| Suppliers | 440/4 | €1,062 | €1,009 | -€52 | -4.9% |
| Taxes, remuneration and social security | 45 | €2,273 | €3,112 | +€839 | +36.9% |
| Taxes | 450/3 | €2,273 | €3,112 | +€839 | +36.9% |
| Other amounts payable | 47/48 | - | €54,581 | +€54,581 | |
| Non-recurring operating income | 76A | - | €7,052 | +€7,052 | |
| Remuneration, social security and pensions | 62 | €185 | €175 | -€10 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,769 | €3,387 | +€1,618 | +91.5% |
| Other operating charges | 640/8 | €1,866 | €2,088 | +€221 | +11.9% |
| Gross operating margin | 9900 | €28,898 | €6,426 | -€22,471 | -77.8% |
| Operating profit (loss) | 9901 | €25,077 | €777 | -€24,300 | -96.9% |
| Financial income | 75/76B | €216 | €293 | +€77 | +35.6% |
| Recurring financial income | 75 | €216 | €293 | +€77 | +35.6% |
| Non-recurring financial income | 76B | €216 | - | -€216 | |
| Financial charges | 65/66B | €203 | €432 | +€229 | +113% |
| Recurring financial charges | 65 | €203 | €432 | +€229 | +113% |
| Profit (loss) for the period before taxes | 9903 | €25,091 | €638 | -€24,453 | -97.5% |
| Income taxes | 67/77 | €7,735 | €927 | -€6,808 | -88.0% |
| Profit (loss) for the period | 9904 | €17,355 | -€289 | -€17,645 | |
| Profit (loss) for the period to be appropriated | 9905 | €17,355 | -€289 | -€17,645 |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 7 November 2026 via checked.be.