Jacques defrenne: 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 defrenne
Largest movements
- Tangible fixed assets -€80,834
down €80,834 (-10.0%), from €811,694 to €730,860
of which Land and buildings: -€60,838
- Cash -€20,631
down €20,631 (-45.7%), from €45,136 to €24,505
mainly Debts after one year (-€54,815) and Trade debts (-€45,302)
- Stocks and contracts -€17,811
down €17,811 (-32.9%), from €54,200 to €36,389
- Debts after one year -€54,815
down €54,815 (-11.8%), from €463,016 to €408,201
- Trade debts -€45,302
down €45,302 (-59.4%), from €76,222 to €30,919
- Investment grants -€17,151
down €17,151 (-6.5%), from €265,599 to €248,447
- Current portion of long-term debt -€9,894
down €9,894 (-15.3%), from €64,709 to €54,815
- Staff costs +€18,722
up €18,722 (+44.5%), from €42,111 to €60,833
- Gross operating margin -€7,253
down €7,253 (-4.7%), from €155,042 to €147,789
- Financial charges -€3,771
down €3,771 (-17.8%), from €21,173 to €17,402
- Other operating charges -€2,221
down €2,221 (-15.3%), from €14,553 to €12,331
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 | €921,999 | €797,477 | -€124,522 | -13.5% |
| Fixed assets | 21/28 | €814,304 | €733,470 | -€80,834 | -9.9% |
| Tangible fixed assets | 22/27 | €811,694 | €730,860 | -€80,834 | -10.0% |
| Land and buildings | 22 | €786,577 | €725,739 | -€60,838 | -7.7% |
| Plant, machinery and equipment | 23 | €161 | €48 | -€113 | -70.3% |
| Furniture and vehicles | 24 | €7,385 | €5,073 | -€2,312 | -31.3% |
| Leasing and similar rights | 25 | €17,571 | - | -€17,571 | |
| Financial fixed assets | 28 | €2,610 | €2,610 | = | 0.0% |
| Current assets | 29/58 | €107,695 | €64,008 | -€43,688 | -40.6% |
| Stocks and contracts in progress | 3 | €54,200 | €36,389 | -€17,811 | -32.9% |
| Stocks | 30/36 | €54,200 | €36,389 | -€17,811 | -32.9% |
| Amounts receivable within one year | 40/41 | €6,164 | €3,114 | -€3,050 | -49.5% |
| Trade receivables | 40 | €4,807 | €3,102 | -€1,705 | -35.5% |
| Other amounts receivable | 41 | €1,357 | €12 | -€1,345 | -99.1% |
| Cash at bank and in hand | 54/58 | €45,136 | €24,505 | -€20,631 | -45.7% |
| Deferred charges and accrued income | 490/1 | €2,196 | - | -€2,196 | |
| Total equity and liabilities | 10/49 | €921,999 | €797,477 | -€124,522 | -13.5% |
| Equity | 10/15 | €181,041 | €158,968 | -€22,073 | -12.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105,018 | -€109,940 | -€4,922 | -4.7% |
| Investment grants | 15 | €265,599 | €248,447 | -€17,151 | -6.5% |
| Amounts payable | 17/49 | €740,959 | €638,509 | -€102,449 | -13.8% |
| Amounts payable after more than one year | 17 | €463,016 | €408,201 | -€54,815 | -11.8% |
| Financial debts | 170/4 | €463,016 | €408,201 | -€54,815 | -11.8% |
| Amounts payable within one year | 42/48 | €277,942 | €230,308 | -€47,634 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €64,709 | €54,815 | -€9,894 | -15.3% |
| Trade debts | 44 | €76,222 | €30,919 | -€45,302 | -59.4% |
| Suppliers | 440/4 | €76,222 | €30,919 | -€45,302 | -59.4% |
| Taxes, remuneration and social security | 45 | €12,263 | €17,715 | +€5,452 | +44.5% |
| Taxes | 450/3 | €3,343 | €8,015 | +€4,672 | +139.7% |
| Remuneration and social security | 454/9 | €8,920 | €9,700 | +€780 | +8.7% |
| Other amounts payable | 47/48 | €124,749 | €126,859 | +€2,110 | +1.7% |
| Remuneration, social security and pensions | 62 | €42,111 | €60,833 | +€18,722 | +44.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €81,062 | €80,834 | -€228 | -0.3% |
| Other operating charges | 640/8 | €14,553 | €12,331 | -€2,221 | -15.3% |
| Gross operating margin | 9900 | €155,042 | €147,789 | -€7,253 | -4.7% |
| Operating profit (loss) | 9901 | €17,317 | -€6,209 | -€23,526 | |
| Financial income | 75/76B | €19,936 | €18,689 | -€1,247 | -6.3% |
| Recurring financial income | 75 | €19,936 | €18,689 | -€1,247 | -6.3% |
| Financial charges | 65/66B | €21,173 | €17,402 | -€3,771 | -17.8% |
| Recurring financial charges | 65 | €21,173 | €17,402 | -€3,771 | -17.8% |
| Profit (loss) for the period before taxes | 9903 | €16,081 | -€4,922 | -€21,003 | |
| Profit (loss) for the period | 9904 | €16,081 | -€4,922 | -€21,003 | |
| Profit (loss) for the period to be appropriated | 9905 | €16,081 | -€4,922 | -€21,003 |
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 10 October 2026 via checked.be.