JACQUES TISON: what changed
Two fiscal 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 TISON
Largest movements
- Tangible fixed assets +€173,312
up €173,312 (+11.2%), from €1.5m to €1.7m
of which Land and buildings: +€221,940
- Cash -€124,430
down €124,430 (-34.4%), from €361,551 to €237,121
mainly Investment in fixed assets (net) (-€284,636) and Current investments (-€41,250)
- Current investments +€41,250
up €41,250 (+4.0%), from €1.0m to €1.1m
- Receivables within one year +€39,448
up €39,448 (+475.6%), from €8,294 to €47,742
of which Trade receivables: +€36,546
- Profit (loss) carried forward +€92,650
up €92,650 (+37.0%), from -€250,416 to -€157,765
- Gross operating margin +€116,408
up €116,408 (+225.9%), from €51,541 to €167,949
- Depreciation +€69,179
up €69,179 (+164.1%), from €42,145 to €111,324
- Financial income +€40,967
up €40,967 (+975.4%), from €4,200 to €45,168
- Financial charges +€37,254
up €37,254 (+92.0%), from -€40,504 to -€3,250
- Other operating charges +€3,567
up €3,567 (+41.1%), from €8,689 to €12,256
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 | €2,939,225 | €3,069,538 | +€130,314 | +4.4% |
| Fixed assets | 21/28 | €1,544,022 | €1,717,334 | +€173,312 | +11.2% |
| Tangible fixed assets | 22/27 | €1,544,022 | €1,717,334 | +€173,312 | +11.2% |
| Land and buildings | 22 | €1,469,038 | €1,690,977 | +€221,940 | +15.1% |
| Plant, machinery and equipment | 23 | €18,561 | €23,562 | +€5,001 | +26.9% |
| Furniture and vehicles | 24 | €12,423 | €2,795 | -€9,628 | -77.5% |
| Assets under construction and advance payments | 27 | €44,001 | - | -€44,001 | |
| Current assets | 29/58 | €1,395,202 | €1,352,204 | -€42,998 | -3.1% |
| Amounts receivable within one year | 40/41 | €8,294 | €47,742 | +€39,448 | +475.6% |
| Trade receivables | 40 | €6,559 | €43,105 | +€36,546 | +557.2% |
| Other amounts receivable | 41 | €1,735 | €4,637 | +€2,902 | +167.3% |
| Current investments | 50/53 | €1,019,700 | €1,060,950 | +€41,250 | +4.0% |
| Cash at bank and in hand | 54/58 | €361,551 | €237,121 | -€124,430 | -34.4% |
| Deferred charges and accrued income | 490/1 | €5,658 | €6,391 | +€733 | +13.0% |
| Total equity and liabilities | 10/49 | €2,939,225 | €3,069,538 | +€130,314 | +4.4% |
| Equity | 10/15 | €2,925,736 | €3,018,386 | +€92,650 | +3.2% |
| Contributions | 10/11 | €1,697,971 | €1,697,971 | = | 0.0% |
| Reserves | 13 | €1,478,180 | €1,478,180 | = | 0.0% |
| Distributable reserves | 133 | €1,478,180 | €1,478,180 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€250,416 | -€157,765 | +€92,650 | +37.0% |
| Amounts payable | 17/49 | €13,489 | €51,152 | +€37,664 | +279.2% |
| Amounts payable within one year | 42/48 | €4,916 | €39,543 | +€34,627 | +704.4% |
| Trade debts | 44 | €4,831 | €4,926 | +€95 | +2.0% |
| Suppliers | 440/4 | €4,831 | €4,926 | +€95 | +2.0% |
| Advances received on contracts in progress | 46 | - | €27,031 | +€27,031 | |
| Taxes, remuneration and social security | 45 | €85 | €7,585 | +€7,500 | +8833.2% |
| Taxes | 450/3 | €85 | €7,585 | +€7,500 | +8833.2% |
| Accrued charges and deferred income | 492/3 | €8,573 | €11,609 | +€3,037 | +35.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,145 | €111,324 | +€69,179 | +164.1% |
| Other operating charges | 640/8 | €8,689 | €12,256 | +€3,567 | +41.1% |
| Gross operating margin | 9900 | €51,541 | €167,949 | +€116,408 | +225.9% |
| Operating profit (loss) | 9901 | €707 | €44,369 | +€43,662 | +6178.5% |
| Financial income | 75/76B | €4,200 | €45,168 | +€40,967 | +975.4% |
| Recurring financial income | 75 | €4,200 | €45,168 | +€40,967 | +975.4% |
| Financial charges | 65/66B | -€40,504 | -€3,250 | +€37,254 | +92.0% |
| Recurring financial charges | 65 | -€40,504 | -€3,250 | +€37,254 | +92.0% |
| Profit (loss) for the period before taxes | 9903 | €45,411 | €92,787 | +€47,376 | +104.3% |
| Income taxes | 67/77 | €188 | €137 | -€52 | -27.3% |
| Profit (loss) for the period | 9904 | €45,222 | €92,650 | +€47,428 | +104.9% |
| Profit (loss) for the period to be appropriated | 9905 | €45,222 | €92,650 | +€47,428 | +104.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.