Jean Mourmans: 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.
Jean Mourmans
Largest movements
- Tangible fixed assets +€10,342
up €10,342 (+34.4%), from €30,082 to €40,424
of which Furniture and vehicles: +€14,644
- Stocks and contracts +€7,209
up €7,209 (+24.1%), from €29,968 to €37,177
- Deferred charges and accrued income -€4,617
no longer reported in 2025 (was €4,617)
- Receivables within one year +€4,230
up €4,230 (+6.8%), from €62,308 to €66,538
of which Trade receivables: +€4,251
- Cash -€2,372
down €2,372 (-2.9%), from €81,492 to €79,120
mainly Contributions, distributions and other (-€45,000) and Investment in fixed assets (net) (-€15,671)
- Other debts +€25,641
up €25,641 (+180%), from €14,250 to €39,891
- Reserves -€13,500
down €13,500 (-11.5%), from €117,859 to €104,359
- Trade debts +€4,292
up €4,292 (+12.3%), from €35,007 to €39,299
- Current portion of long-term debt -€2,714
no longer reported in 2025 (was €2,714)
- Gross operating margin +€6,442
up €6,442 (+5.5%), from €117,280 to €123,721
- Staff costs +€2,167
up €2,167 (+3.5%), from €61,793 to €63,960
- Write-downs +€1,288
up €1,288, from -€325 to €963
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 | €208,516 | €223,257 | +€14,741 | +7.1% |
| Fixed assets | 21/28 | €30,132 | €40,424 | +€10,292 | +34.2% |
| Tangible fixed assets | 22/27 | €30,082 | €40,424 | +€10,342 | +34.4% |
| Land and buildings | 22 | €28,683 | €24,984 | -€3,699 | -12.9% |
| Plant, machinery and equipment | 23 | €1,093 | €490 | -€603 | -55.2% |
| Furniture and vehicles | 24 | €305 | €14,950 | +€14,644 | +4,795% |
| Financial fixed assets | 28 | €50 | - | -€50 | |
| Current assets | 29/58 | €178,385 | €182,834 | +€4,449 | +2.5% |
| Stocks and contracts in progress | 3 | €29,968 | €37,177 | +€7,209 | +24.1% |
| Stocks | 30/36 | €29,968 | €37,177 | +€7,209 | +24.1% |
| Amounts receivable within one year | 40/41 | €62,308 | €66,538 | +€4,230 | +6.8% |
| Trade receivables | 40 | €62,287 | €66,538 | +€4,251 | +6.8% |
| Other amounts receivable | 41 | €21 | - | -€21 | |
| Cash at bank and in hand | 54/58 | €81,492 | €79,120 | -€2,372 | -2.9% |
| Deferred charges and accrued income | 490/1 | €4,617 | - | -€4,617 | |
| Total equity and liabilities | 10/49 | €208,516 | €223,257 | +€14,741 | +7.1% |
| Equity | 10/15 | €134,024 | €121,012 | -€13,013 | -9.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €117,859 | €104,359 | -€13,500 | -11.5% |
| Distributable reserves | 133 | €117,859 | €104,359 | -€13,500 | -11.5% |
| Profit (loss) carried forward | 14 | -€2,427 | -€1,940 | +€487 | +20.1% |
| Amounts payable | 17/49 | €74,492 | €102,246 | +€27,754 | +37.3% |
| Amounts payable within one year | 42/48 | €70,967 | €98,646 | +€27,679 | +39.0% |
| Current portion of amounts payable after more than one year | 42 | €2,714 | - | -€2,714 | |
| Trade debts | 44 | €35,007 | €39,299 | +€4,292 | +12.3% |
| Suppliers | 440/4 | €35,007 | €39,299 | +€4,292 | +12.3% |
| Taxes, remuneration and social security | 45 | €18,996 | €19,456 | +€460 | +2.4% |
| Taxes | 450/3 | €12,886 | €12,013 | -€874 | -6.8% |
| Remuneration and social security | 454/9 | €6,110 | €7,443 | +€1,333 | +21.8% |
| Other amounts payable | 47/48 | €14,250 | €39,891 | +€25,641 | +180% |
| Accrued charges and deferred income | 492/3 | €3,525 | €3,600 | +€75 | +2.1% |
| Remuneration, social security and pensions | 62 | €61,793 | €63,960 | +€2,167 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,448 | €5,379 | -€1,069 | -16.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€325 | €963 | +€1,288 | |
| Other operating charges | 640/8 | €5,071 | €4,871 | -€200 | -3.9% |
| Gross operating margin | 9900 | €117,280 | €123,721 | +€6,442 | +5.5% |
| Operating profit (loss) | 9901 | €44,293 | €48,548 | +€4,255 | +9.6% |
| Financial income | 75/76B | €135 | €3 | -€132 | -97.8% |
| Recurring financial income | 75 | €135 | €3 | -€132 | -97.8% |
| Financial charges | 65/66B | €171 | €1,256 | +€1,085 | +633% |
| Recurring financial charges | 65 | €171 | €1,256 | +€1,085 | +633% |
| Profit (loss) for the period before taxes | 9903 | €44,256 | €47,295 | +€3,039 | +6.9% |
| Income taxes | 67/77 | €14,661 | €15,308 | +€647 | +4.4% |
| Profit (loss) for the period | 9904 | €29,595 | €31,987 | +€2,392 | +8.1% |
| Profit (loss) for the period to be appropriated | 9905 | €29,595 | €31,987 | +€2,392 | +8.1% |
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 29 October 2026 via checked.be.