JACQUES LEBLANC: 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.
What changed
JACQUES LEBLANC
NACE 47.221, Retail sale of meat and meat products, excluding game and poultry
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1,198
2024 · €49,752-€48,554
Equity
€289,349
2024 · €288,150+€1,199
Cash
€93,415
2024 · €73,239+€20,176
Balance sheet total
€448,357
2024 · €424,693+€23,664
Largest movements
Assets
- Cash +€20,176
up €20,176 (+27.5%), from €73,239 to €93,415
mainly Trade debts (+€19,370) and Depreciation (+€19,216)
- Tangible fixed assets -€16,417
down €16,417 (-6.8%), from €242,135 to €225,718
- Receivables within one year +€8,510
up €8,510 (+10.0%), from €85,300 to €93,810
of which Other amounts receivable: +€6,285
- Intangible fixed assets +€6,500
new in 2025: €6,500
Equity and liabilities
- Trade debts +€19,370
up €19,370 (+33.7%), from €57,490 to €76,860
Income statement
- Gross operating margin -€56,346
down €56,346 (-12.6%), from €447,320 to €390,974
- Taxes -€15,834
down €15,834 (-82.1%), from €19,276 to €3,442
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.
Result 2024
€49,752
Gross operating margin
-€56,346
Staff costs
-€4,329
Depreciation
-€1,906
Other operating charges
-€107
Financial charges
-€1,700
Taxes
+€15,834
Result 2025
€1,198
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.
From operations
+€28,454
Investment
-€9,299
Financing
+€1,021
Cash 2024
€73,239
From operations (derived)
+€28,454
Net result for the year
+€1,198
Depreciation
+€19,216
Stocks and contracts
-€3,918
Receivables within one year
-€8,510
Deferred charges and accrued income
-€977
Trade debts
+€19,370
Tax, wage and social debts
+€2,075
Investment (derived)
-€9,299
Investment in fixed assets (net)
-€9,299
Financing
+€1,021
Current portion of long-term debt
+€1,020
Contributions, distributions and other
+€1
Cash 2025
€93,415
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €424,693 | €448,357 | +€23,664 | +5.6% |
| Fixed assets | 21/28 | €242,628 | €232,711 | -€9,917 | -4.1% |
| Intangible fixed assets | 21 | - | €6,500 | +€6,500 | |
| Tangible fixed assets | 22/27 | €242,135 | €225,718 | -€16,417 | -6.8% |
| Land and buildings | 22 | €197,985 | €193,156 | -€4,829 | -2.4% |
| Plant, machinery and equipment | 23 | €37,492 | €29,825 | -€7,667 | -20.4% |
| Furniture and vehicles | 24 | €6,658 | €2,737 | -€3,921 | -58.9% |
| Financial fixed assets | 28 | €493 | €493 | = | 0.0% |
| Current assets | 29/58 | €182,065 | €215,646 | +€33,581 | +18.4% |
| Stocks and contracts in progress | 3 | €18,500 | €22,418 | +€3,918 | +21.2% |
| Stocks | 30/36 | €18,500 | €22,418 | +€3,918 | +21.2% |
| Amounts receivable within one year | 40/41 | €85,300 | €93,810 | +€8,510 | +10.0% |
| Trade receivables | 40 | €12,171 | €14,396 | +€2,225 | +18.3% |
| Other amounts receivable | 41 | €73,129 | €79,414 | +€6,285 | +8.6% |
| Cash at bank and in hand | 54/58 | €73,239 | €93,415 | +€20,176 | +27.5% |
| Deferred charges and accrued income | 490/1 | €5,026 | €6,003 | +€977 | +19.4% |
| Total equity and liabilities | 10/49 | €424,693 | €448,357 | +€23,664 | +5.6% |
| Equity | 10/15 | €288,150 | €289,349 | +€1,199 | +0.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €49,274 | €49,274 | = | 0.0% |
| Non-distributable reserves | 130/1 | €9,178 | €9,178 | = | 0.0% |
| Legal reserve | 130 | €9,178 | €9,178 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,096 | €40,096 | = | 0.0% |
| Profit (loss) carried forward | 14 | €176,876 | €178,075 | +€1,199 | +0.7% |
| Provisions and deferred taxes | 16 | €13,365 | €13,365 | = | 0.0% |
| Deferred taxes | 168 | €13,365 | €13,365 | = | 0.0% |
| Amounts payable | 17/49 | €123,178 | €145,643 | +€22,465 | +18.2% |
| Amounts payable within one year | 42/48 | €123,178 | €145,643 | +€22,465 | +18.2% |
| Current portion of amounts payable after more than one year | 42 | €6,468 | €7,488 | +€1,020 | +15.8% |
| Trade debts | 44 | €57,490 | €76,860 | +€19,370 | +33.7% |
| Suppliers | 440/4 | €57,490 | €76,860 | +€19,370 | +33.7% |
| Taxes, remuneration and social security | 45 | €57,286 | €59,361 | +€2,075 | +3.6% |
| Taxes | 450/3 | €26,928 | €30,140 | +€3,212 | +11.9% |
| Remuneration and social security | 454/9 | €30,358 | €29,221 | -€1,137 | -3.7% |
| Other amounts payable | 47/48 | €1,934 | €1,934 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €347,494 | €351,823 | +€4,329 | +1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,310 | €19,216 | +€1,906 | +11.0% |
| Other operating charges | 640/8 | €5,922 | €6,029 | +€107 | +1.8% |
| Gross operating margin | 9900 | €447,320 | €390,974 | -€56,346 | -12.6% |
| Operating profit (loss) | 9901 | €76,594 | €13,906 | -€62,688 | -81.8% |
| Financial charges | 65/66B | €7,566 | €9,266 | +€1,700 | +22.5% |
| Recurring financial charges | 65 | €7,566 | €9,266 | +€1,700 | +22.5% |
| Profit (loss) for the period before taxes | 9903 | €69,028 | €4,640 | -€64,388 | -93.3% |
| Income taxes | 67/77 | €19,276 | €3,442 | -€15,834 | -82.1% |
| Profit (loss) for the period | 9904 | €49,752 | €1,198 | -€48,554 | -97.6% |
| Profit (loss) for the period to be appropriated | 9905 | €49,752 | €1,198 | -€48,554 | -97.6% |
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.