JACQUES COUSSENS: 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 COUSSENS
Largest movements
- Cash -€63,453
down €63,453 (-40.2%), from €157,822 to €94,369
mainly Current investments (-€62,522) and Other debts (-€60,000)
- Current investments +€62,522
up €62,522 (+516%), from €12,126 to €74,649
- Receivables after one year -€26,981
down €26,981 (-70.3%), from €38,389 to €11,408
- Receivables within one year +€19,711
up €19,711 (+67.2%), from €29,339 to €49,051
of which Other amounts receivable: +€26,889
- Tangible fixed assets -€8,611
down €8,611 (-59.7%), from €14,432 to €5,821
of which Land and buildings: -€7,429
- Reserves +€69,567
up €69,567 (+53.4%), from €130,304 to €199,870
- Other debts -€60,000
down €60,000 (-100%), from €60,000 to €0
- Tax, wage and social debts -€29,020
down €29,020 (-63.1%), from €45,958 to €16,938
- Trade debts +€2,758
up €2,758 (+35.0%), from €7,887 to €10,645
- Gross operating margin -€73,083
down €73,083 (-38.8%), from €188,562 to €115,479
- Taxes -€12,892
down €12,892 (-26.3%), from €48,961 to €36,069
- Depreciation -€4,357
down €4,357 (-33.6%), from €12,968 to €8,611
- Financial income +€2,938
up €2,938 (+142%), from €2,071 to €5,009
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 | €256,649 | €239,953 | -€16,695 | -6.5% |
| Fixed assets | 21/28 | €14,432 | €5,821 | -€8,611 | -59.7% |
| Tangible fixed assets | 22/27 | €14,432 | €5,821 | -€8,611 | -59.7% |
| Land and buildings | 22 | €10,105 | €2,676 | -€7,429 | -73.5% |
| Furniture and vehicles | 24 | €4,327 | €3,145 | -€1,182 | -27.3% |
| Current assets | 29/58 | €242,217 | €234,132 | -€8,084 | -3.3% |
| Amounts receivable after more than one year | 29 | €38,389 | €11,408 | -€26,981 | -70.3% |
| Other amounts receivable | 291 | €38,389 | €11,408 | -€26,981 | -70.3% |
| Amounts receivable within one year | 40/41 | €29,339 | €49,051 | +€19,711 | +67.2% |
| Trade receivables | 40 | €24,701 | €17,523 | -€7,178 | -29.1% |
| Other amounts receivable | 41 | €4,639 | €31,527 | +€26,889 | +580% |
| Current investments | 50/53 | €12,126 | €74,649 | +€62,522 | +516% |
| Cash at bank and in hand | 54/58 | €157,822 | €94,369 | -€63,453 | -40.2% |
| Deferred charges and accrued income | 490/1 | €4,539 | €4,656 | +€116 | +2.6% |
| Total equity and liabilities | 10/49 | €256,649 | €239,953 | -€16,695 | -6.5% |
| Equity | 10/15 | €142,804 | €212,370 | +€69,567 | +48.7% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €130,304 | €199,870 | +€69,567 | +53.4% |
| Distributable reserves | 133 | €130,304 | €199,870 | +€69,567 | +53.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €113,845 | €27,583 | -€86,262 | -75.8% |
| Amounts payable within one year | 42/48 | €113,845 | €27,583 | -€86,262 | -75.8% |
| Trade debts | 44 | €7,887 | €10,645 | +€2,758 | +35.0% |
| Suppliers | 440/4 | €7,887 | €10,645 | +€2,758 | +35.0% |
| Taxes, remuneration and social security | 45 | €45,958 | €16,938 | -€29,020 | -63.1% |
| Taxes | 450/3 | €45,958 | €16,938 | -€29,020 | -63.1% |
| Other amounts payable | 47/48 | €60,000 | €0 | -€60,000 | -100% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,968 | €8,611 | -€4,357 | -33.6% |
| Other operating charges | 640/8 | €2,376 | €2,377 | +€1 | 0.0% |
| Gross operating margin | 9900 | €188,562 | €115,479 | -€73,083 | -38.8% |
| Operating profit (loss) | 9901 | €173,218 | €104,490 | -€68,728 | -39.7% |
| Financial income | 75/76B | €2,071 | €5,009 | +€2,938 | +142% |
| Recurring financial income | 75 | €2,071 | €5,009 | +€2,938 | +142% |
| Financial charges | 65/66B | €4,622 | €3,863 | -€759 | -16.4% |
| Recurring financial charges | 65 | €4,622 | €3,863 | -€759 | -16.4% |
| Profit (loss) for the period before taxes | 9903 | €170,666 | €105,636 | -€65,031 | -38.1% |
| Income taxes | 67/77 | €48,961 | €36,069 | -€12,892 | -26.3% |
| Profit (loss) for the period | 9904 | €121,706 | €69,567 | -€52,139 | -42.8% |
| Profit (loss) for the period to be appropriated | 9905 | €121,706 | €69,567 | -€52,139 | -42.8% |
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.