JACQUES: 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.
JACQUES
Largest movements
- Cash +€327,582
up €327,582 (+95.7%), from €342,400 to €669,982
mainly Current investments (+€154,527) and Depreciation (+€93,904)
- Current investments -€154,527
down €154,527 (-11.7%), from €1.3m to €1.2m
- Tangible fixed assets -€52,992
down €52,992 (-3.7%), from €1.4m to €1.4m
of which Land and buildings: -€49,283
- Reserves +€84,866
up €84,866 (+2.3%), from €3.7m to €3.7m
of which Distributable reserves: +€84,866
- Financial income +€109,346
up €109,346 (+380.5%), from €28,738 to €138,084
- Financial charges +€76,680
up €76,680 (+458.1%), from €16,738 to €93,418
- Gross operating margin -€63,509
down €63,509 (-22.6%), from €281,303 to €217,794
- Depreciation +€20,741
up €20,741 (+28.3%), from €73,163 to €93,904
- Other operating charges -€6,877
down €6,877 (-21.3%), from €32,317 to €25,440
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 | €3,887,554 | €3,988,260 | +€100,706 | +2.6% |
| Fixed assets | 21/28 | €1,442,893 | €1,389,901 | -€52,992 | -3.7% |
| Tangible fixed assets | 22/27 | €1,442,753 | €1,389,761 | -€52,992 | -3.7% |
| Land and buildings | 22 | €1,311,064 | €1,261,780 | -€49,283 | -3.8% |
| Plant, machinery and equipment | 23 | €3,250 | €0 | -€3,250 | -100.0% |
| Furniture and vehicles | 24 | €85,297 | €84,838 | -€459 | -0.5% |
| Other tangible fixed assets | 26 | €43,143 | €43,143 | = | 0.0% |
| Financial fixed assets | 28 | €140 | €140 | = | 0.0% |
| Current assets | 29/58 | €2,444,661 | €2,598,359 | +€153,698 | +6.3% |
| Stocks and contracts in progress | 3 | €231,608 | €212,487 | -€19,121 | -8.3% |
| Stocks | 30/36 | €231,608 | €212,487 | -€19,121 | -8.3% |
| Amounts receivable within one year | 40/41 | €544,632 | €511,017 | -€33,615 | -6.2% |
| Trade receivables | 40 | €67,992 | €30,692 | -€37,300 | -54.9% |
| Other amounts receivable | 41 | €476,640 | €480,324 | +€3,685 | +0.8% |
| Current investments | 50/53 | €1,318,473 | €1,163,946 | -€154,527 | -11.7% |
| Cash at bank and in hand | 54/58 | €342,400 | €669,982 | +€327,582 | +95.7% |
| Deferred charges and accrued income | 490/1 | €7,549 | €40,928 | +€33,379 | +442.2% |
| Total equity and liabilities | 10/49 | €3,887,554 | €3,988,260 | +€100,706 | +2.6% |
| Equity | 10/15 | €3,861,213 | €3,946,079 | +€84,866 | +2.2% |
| Contributions | 10/11 | €211,000 | €211,000 | = | 0.0% |
| Capital | 10 | €211,000 | €211,000 | = | 0.0% |
| Issued capital | 100 | €211,000 | €211,000 | = | 0.0% |
| Reserves | 13 | €3,650,213 | €3,735,079 | +€84,866 | +2.3% |
| Non-distributable reserves | 130/1 | €21,100 | €21,100 | = | 0.0% |
| Legal reserve | 130 | €21,100 | €21,100 | = | 0.0% |
| Tax-exempt reserves | 132 | €56,826 | €56,826 | = | 0.0% |
| Distributable reserves | 133 | €3,572,286 | €3,657,153 | +€84,866 | +2.4% |
| Amounts payable | 17/49 | €26,341 | €42,181 | +€15,840 | +60.1% |
| Amounts payable within one year | 42/48 | €26,341 | €42,181 | +€15,840 | +60.1% |
| Current portion of amounts payable after more than one year | 42 | €0 | - | = | |
| Trade debts | 44 | €18,429 | €32,092 | +€13,663 | +74.1% |
| Suppliers | 440/4 | €18,429 | €32,092 | +€13,663 | +74.1% |
| Taxes, remuneration and social security | 45 | €341 | €7,389 | +€7,048 | +2068.2% |
| Taxes | 450/3 | €341 | €7,389 | +€7,048 | +2068.2% |
| Other amounts payable | 47/48 | €7,571 | €2,700 | -€4,872 | -64.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €73,163 | €93,904 | +€20,741 | +28.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €32,317 | €25,440 | -€6,877 | -21.3% |
| Gross operating margin | 9900 | €281,303 | €217,794 | -€63,509 | -22.6% |
| Operating profit (loss) | 9901 | €175,824 | €98,450 | -€77,374 | -44.0% |
| Financial income | 75/76B | €28,738 | €138,084 | +€109,346 | +380.5% |
| Recurring financial income | 75 | €28,738 | €138,084 | +€109,346 | +380.5% |
| Financial charges | 65/66B | €16,738 | €93,418 | +€76,680 | +458.1% |
| Recurring financial charges | 65 | €16,738 | €93,418 | +€76,680 | +458.1% |
| Profit (loss) for the period before taxes | 9903 | €187,824 | €143,116 | -€44,708 | -23.8% |
| Income taxes | 67/77 | €51,614 | €58,250 | +€6,636 | +12.9% |
| Profit (loss) for the period | 9904 | €136,210 | €84,866 | -€51,344 | -37.7% |
| Profit (loss) for the period to be appropriated | 9905 | €136,210 | €84,866 | -€51,344 | -37.7% |
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 12 October 2026 via checked.be.