JACQUES GASPARD: what changed
What changed
JACQUES GASPARD
NACE 25.120, Manufacture of fabricated metal products, except machinery and equipment
filed annual accounts (NBB)
Net result for the year
€378,331
2024 · €334,264+€44,067
Equity
€1.2m
2024 · €1.2m-€3,520
Cash
€216,825
2024 · €384,400-€167,575
Balance sheet total
€6.2m
2024 · €5.0m+€1.3m
Largest movements
Assets
- Receivables within one year +€1.1m
up €1.1m (+73.2%), from €1.5m to €2.6m
of which Trade receivables: +€955,208
- Cash -€167,575
down €167,575 (-43.6%), from €384,400 to €216,825
mainly Receivables within one year (-€1.1m) and Trade debts (-€778,173)
- Tangible fixed assets +€157,913
up €157,913 (+9.2%), from €1.7m to €1.9m
of which Furniture and vehicles: +€206,979
- Stocks and contracts +€101,047
up €101,047 (+7.6%), from €1.3m to €1.4m
Equity and liabilities
- Debts after one year +€1.1m
up €1.1m (+161%), from €696,587 to €1.8m
- Trade debts -€778,173
down €778,173 (-55.6%), from €1.4m to €621,853
- Short-term financial debts +€700,000
new in 2025: €700,000
- Other debts -€340,451
down €340,451 (-28.3%), from €1.2m to €863,321
- Current portion of long-term debt +€308,258
up €308,258 (+113%), from €271,619 to €579,877
Income statement
- Gross operating margin +€164,930
up €164,930 (+5.8%), from €2.8m to €3.0m
- Depreciation +€86,944
up €86,944 (+26.5%), from €328,274 to €415,217
- Staff costs -€53,172
down €53,172 (-2.6%), from €2.1m to €2.0m
- Financial charges +€39,671
up €39,671 (+84.6%), from €46,887 to €86,558
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.
Result 2024
€334,264
Gross operating margin
+€164,930
Staff costs
+€53,172
Depreciation
-€86,944
Other operating charges
-€2,496
Financial income
-€29,782
Financial charges
-€39,671
Taxes
-€14,416
Deferred taxes and other
-€726
Result 2025
€378,331
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€1.3m
Investment
-€634,204
Financing
+€1.7m
Cash 2024
€384,400
From operations (derived)
-€1.3m
Net result for the year
+€378,331
Depreciation
+€415,217
Stocks and contracts
-€101,047
Receivables within one year
-€1.1m
Deferred charges and accrued income
-€6,216
Trade debts
-€778,173
Tax, wage and social debts
+€55,108
Advances received
+€205,278
Other debts
-€340,451
Accrued charges and deferred income
+€3,773
Investment (derived)
-€634,204
Investment in fixed assets (net)
-€634,204
Financing
+€1.7m
Debts after one year
+€1.1m
Current portion of long-term debt
+€308,258
Short-term financial debts
+€700,000
Contributions, distributions and other
-€381,851
Cash 2025
€216,825
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,954,409 | €6,227,399 | +€1.3m | +25.7% |
| Fixed assets | 21/28 | €1,716,787 | €1,935,774 | +€218,987 | +12.8% |
| Intangible fixed assets | 21 | - | €61,073 | +€61,073 | |
| Tangible fixed assets | 22/27 | €1,716,787 | €1,874,701 | +€157,913 | +9.2% |
| Land and buildings | 22 | €146,638 | €109,573 | -€37,066 | -25.3% |
| Plant, machinery and equipment | 23 | €392,659 | €380,660 | -€12,000 | -3.1% |
| Furniture and vehicles | 24 | €1,177,490 | €1,384,469 | +€206,979 | +17.6% |
| Current assets | 29/58 | €3,237,622 | €4,291,625 | +€1.1m | +32.6% |
| Stocks and contracts in progress | 3 | €1,331,910 | €1,432,957 | +€101,047 | +7.6% |
| Stocks | 30/36 | €1,331,910 | €1,432,957 | +€101,047 | +7.6% |
| Amounts receivable within one year | 40/41 | €1,521,312 | €2,635,627 | +€1.1m | +73.2% |
| Trade receivables | 40 | €1,242,090 | €2,197,298 | +€955,208 | +76.9% |
| Other amounts receivable | 41 | €279,222 | €438,329 | +€159,107 | +57.0% |
| Cash at bank and in hand | 54/58 | €384,400 | €216,825 | -€167,575 | -43.6% |
| Deferred charges and accrued income | 490/1 | - | €6,216 | +€6,216 | |
| Total equity and liabilities | 10/49 | €4,954,409 | €6,227,399 | +€1.3m | +25.7% |
| Equity | 10/15 | €1,166,543 | €1,163,023 | -€3,520 | -0.3% |
| Contributions | 10/11 | €138,600 | €138,600 | = | 0.0% |
| Reserves | 13 | €1,005,506 | €1,008,506 | +€3,000 | +0.3% |
| Tax-exempt reserves | 132 | €75,506 | €75,506 | = | 0.0% |
| Distributable reserves | 133 | €930,000 | €933,000 | +€3,000 | +0.3% |
| Profit (loss) carried forward | 14 | €417 | €748 | +€331 | +79.4% |
| Investment grants | 15 | €22,020 | €15,169 | -€6,851 | -31.1% |
| Amounts payable | 17/49 | €3,787,866 | €5,064,376 | +€1.3m | +33.7% |
| Amounts payable after more than one year | 17 | €696,587 | €1,819,304 | +€1.1m | +161% |
| Financial debts | 170/4 | €696,587 | €1,819,304 | +€1.1m | +161% |
| Amounts payable within one year | 42/48 | €3,090,403 | €3,240,423 | +€150,020 | +4.9% |
| Current portion of amounts payable after more than one year | 42 | €271,619 | €579,877 | +€308,258 | +113% |
| Financial debts | 43 | - | €700,000 | +€700,000 | |
| Credit institutions | 430/8 | - | €700,000 | +€700,000 | |
| Trade debts | 44 | €1,400,026 | €621,853 | -€778,173 | -55.6% |
| Suppliers | 440/4 | €1,400,026 | €621,853 | -€778,173 | -55.6% |
| Advances received on contracts in progress | 46 | €11,284 | €216,562 | +€205,278 | +1,819% |
| Taxes, remuneration and social security | 45 | €203,703 | €258,811 | +€55,108 | +27.1% |
| Taxes | 450/3 | €13,043 | €55,183 | +€42,140 | +323% |
| Remuneration and social security | 454/9 | €190,660 | €203,628 | +€12,968 | +6.8% |
| Other amounts payable | 47/48 | €1,203,771 | €863,321 | -€340,451 | -28.3% |
| Accrued charges and deferred income | 492/3 | €876 | €4,649 | +€3,773 | +431% |
| Non-recurring operating income | 76A | €3,500 | €21,075 | +€17,575 | +502% |
| Remuneration, social security and pensions | 62 | €2,053,040 | €1,999,869 | -€53,172 | -2.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €328,274 | €415,217 | +€86,944 | +26.5% |
| Other operating charges | 640/8 | €46,791 | €49,287 | +€2,496 | +5.3% |
| Gross operating margin | 9900 | €2,827,794 | €2,992,725 | +€164,930 | +5.8% |
| Operating profit (loss) | 9901 | €399,689 | €528,351 | +€128,662 | +32.2% |
| Financial income | 75/76B | €83,779 | €53,997 | -€29,782 | -35.5% |
| Recurring financial income | 75 | €83,779 | €53,997 | -€29,782 | -35.5% |
| Financial charges | 65/66B | €46,887 | €86,558 | +€39,671 | +84.6% |
| Recurring financial charges | 65 | €46,887 | €86,558 | +€39,671 | +84.6% |
| Profit (loss) for the period before taxes | 9903 | €436,581 | €495,790 | +€59,209 | +13.6% |
| Transfer from deferred taxes | 780 | €726 | - | -€726 | |
| Income taxes | 67/77 | €103,043 | €117,459 | +€14,416 | +14.0% |
| Profit (loss) for the period | 9904 | €334,264 | €378,331 | +€44,067 | +13.2% |
| Transfer from tax-exempt reserves | 789 | €1,411 | - | -€1,411 | |
| Profit (loss) for the period to be appropriated | 9905 | €335,675 | €378,331 | +€42,656 | +12.7% |
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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 8 November 2026 via checked.be.