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
- Tangible fixed assets -€84,284
down €84,284 (-7.0%), from €1.2m to €1.1m
of which Land and buildings: -€42,602
- Current investments -€72,764
down €72,764 (-48.5%), from €150,000 to €77,236
- Debts after one year -€133,321
down €133,321 (-37.3%), from €357,323 to €224,002
- Other debts -€82,673
down €82,673 (-28.2%), from €292,745 to €210,072
- Reserves +€50,816
up €50,816 (+8.2%), from €622,337 to €673,154
- Current portion of long-term debt +€19,575
up €19,575 (+14.2%), from €138,303 to €157,878
- Other operating charges -€19,821
down €19,821 (-51.6%), from €38,415 to €18,594
- Taxes +€10,097
up €10,097 (+22.9%), from €44,039 to €54,136
- Depreciation -€7,311
down €7,311 (-7.8%), from €93,997 to €86,686
- Gross operating margin -€4,906
down €4,906 (-1.7%), from €287,054 to €282,148
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 | €1,553,453 | €1,399,269 | -€154,184 | -9.9% |
| Fixed assets | 21/28 | €1,203,366 | €1,119,081 | -€84,284 | -7.0% |
| Tangible fixed assets | 22/27 | €1,203,366 | €1,119,081 | -€84,284 | -7.0% |
| Land and buildings | 22 | €1,064,403 | €1,021,801 | -€42,602 | -4.0% |
| Plant, machinery and equipment | 23 | €81,694 | €58,599 | -€23,095 | -28.3% |
| Furniture and vehicles | 24 | €57,269 | €38,682 | -€18,587 | -32.5% |
| Current assets | 29/58 | €350,087 | €280,188 | -€69,899 | -20.0% |
| Amounts receivable within one year | 40/41 | €43,776 | €49,838 | +€6,062 | +13.8% |
| Trade receivables | 40 | €43,776 | €34,859 | -€8,916 | -20.4% |
| Other amounts receivable | 41 | - | €14,979 | +€14,979 | |
| Current investments | 50/53 | €150,000 | €77,236 | -€72,764 | -48.5% |
| Cash at bank and in hand | 54/58 | €151,244 | €145,704 | -€5,540 | -3.7% |
| Deferred charges and accrued income | 490/1 | €5,067 | €7,410 | +€2,343 | +46.2% |
| Total equity and liabilities | 10/49 | €1,553,453 | €1,399,269 | -€154,184 | -9.9% |
| Equity | 10/15 | €720,707 | €771,524 | +€50,816 | +7.1% |
| Contributions | 10/11 | €98,370 | €98,370 | = | 0.0% |
| Reserves | 13 | €622,337 | €673,154 | +€50,816 | +8.2% |
| Distributable reserves | 133 | €622,337 | €673,154 | +€50,816 | +8.2% |
| Amounts payable | 17/49 | €832,746 | €627,746 | -€205,000 | -24.6% |
| Amounts payable after more than one year | 17 | €357,323 | €224,002 | -€133,321 | -37.3% |
| Financial debts | 170/4 | €357,323 | €224,002 | -€133,321 | -37.3% |
| Amounts payable within one year | 42/48 | €465,315 | €393,636 | -€71,679 | -15.4% |
| Current portion of amounts payable after more than one year | 42 | €138,303 | €157,878 | +€19,575 | +14.2% |
| Trade debts | 44 | €10,024 | €8,348 | -€1,676 | -16.7% |
| Suppliers | 440/4 | €10,024 | €8,348 | -€1,676 | -16.7% |
| Taxes, remuneration and social security | 45 | €24,244 | €17,338 | -€6,906 | -28.5% |
| Taxes | 450/3 | €24,244 | €17,338 | -€6,906 | -28.5% |
| Other amounts payable | 47/48 | €292,745 | €210,072 | -€82,673 | -28.2% |
| Accrued charges and deferred income | 492/3 | €10,108 | €10,108 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €93,997 | €86,686 | -€7,311 | -7.8% |
| Other operating charges | 640/8 | €38,415 | €18,594 | -€19,821 | -51.6% |
| Non-recurring operating charges | 66A | - | €180 | +€180 | |
| Gross operating margin | 9900 | €287,054 | €282,148 | -€4,906 | -1.7% |
| Operating profit (loss) | 9901 | €154,642 | €176,688 | +€22,046 | +14.3% |
| Financial income | 75/76B | €4,021 | €4,801 | +€780 | +19.4% |
| Recurring financial income | 75 | €4,021 | €4,801 | +€780 | +19.4% |
| Financial charges | 65/66B | €8,457 | €6,747 | -€1,710 | -20.2% |
| Recurring financial charges | 65 | €8,457 | €6,740 | -€1,717 | -20.3% |
| Non-recurring financial charges | 66B | - | €8 | +€8 | |
| Profit (loss) for the period before taxes | 9903 | €150,207 | €174,742 | +€24,535 | +16.3% |
| Income taxes | 67/77 | €44,039 | €54,136 | +€10,097 | +22.9% |
| Profit (loss) for the period | 9904 | €106,167 | €120,606 | +€14,438 | +13.6% |
| Profit (loss) for the period to be appropriated | 9905 | €106,167 | €120,606 | +€14,438 | +13.6% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 20 October 2026 via checked.be.