JEANMART THIERRY: what changed
JEANMART THIERRY
Largest movements
- Cash +€153,972
up €153,972 (+396%), from €38,896 to €192,867
mainly Net result for the year (+€70,808) and Other debts (+€53,534)
- Tangible fixed assets -€84,921
down €84,921 (-50.8%), from €167,279 to €82,358
of which Land and buildings: -€54,595
- Stocks and contracts -€23,291
down €23,291 (-88.6%), from €26,293 to €3,002
- Current investments -€10,992
down €10,992 (-31.4%), from €34,992 to €24,000
- Deferred charges and accrued income -€3,427
no longer reported in 2025 (was €3,427)
- Other debts +€53,534
up €53,534 (+71.2%), from €75,204 to €128,738
- Reserves -€45,573
down €45,573 (-28.6%), from €159,256 to €113,683
- Tax, wage and social debts +€19,419
up €19,419 (+174%), from €11,173 to €30,592
of which Taxes: +€18,473
- Short-term financial debts +€3,394
new in 2025: €3,394
- Gross operating margin +€91,043
up €91,043 (+99.1%), from €91,835 to €182,878
- Taxes +€24,829
up €24,829 (+501%), from €4,955 to €29,784
- Staff costs +€15,303
up €15,303 (+44.9%), from €34,073 to €49,377
- Depreciation -€6,192
down €6,192 (-16.1%), from €38,388 to €32,196
- Other operating charges -€4,533
down €4,533 (-64.0%), from €7,083 to €2,550
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.
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.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €284,997 | €317,988 | +€32,991 | +11.6% |
| Fixed assets | 21/28 | €167,279 | €82,358 | -€84,921 | -50.8% |
| Tangible fixed assets | 22/27 | €167,279 | €82,358 | -€84,921 | -50.8% |
| Land and buildings | 22 | €54,595 | - | -€54,595 | |
| Plant, machinery and equipment | 23 | €3,525 | €2,665 | -€859 | -24.4% |
| Furniture and vehicles | 24 | €109,159 | €79,692 | -€29,467 | -27.0% |
| Current assets | 29/58 | €117,718 | €235,630 | +€117,912 | +100% |
| Stocks and contracts in progress | 3 | €26,293 | €3,002 | -€23,291 | -88.6% |
| Stocks | 30/36 | €26,293 | €3,002 | -€23,291 | -88.6% |
| Amounts receivable within one year | 40/41 | €14,111 | €15,761 | +€1,650 | +11.7% |
| Trade receivables | 40 | €8,365 | €10,317 | +€1,952 | +23.3% |
| Other amounts receivable | 41 | €5,746 | €5,444 | -€302 | -5.3% |
| Current investments | 50/53 | €34,992 | €24,000 | -€10,992 | -31.4% |
| Cash at bank and in hand | 54/58 | €38,896 | €192,867 | +€153,972 | +396% |
| Deferred charges and accrued income | 490/1 | €3,427 | - | -€3,427 | |
| Total equity and liabilities | 10/49 | €284,997 | €317,988 | +€32,991 | +11.6% |
| Equity | 10/15 | €192,903 | €148,139 | -€44,764 | -23.2% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Contributions outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €159,256 | €113,683 | -€45,573 | -28.6% |
| Distributable reserves | 133 | €159,256 | €113,683 | -€45,573 | -28.6% |
| Profit (loss) carried forward | 14 | €21,247 | €22,056 | +€808 | +3.8% |
| Amounts payable | 17/49 | €92,094 | €169,849 | +€77,755 | +84.4% |
| Amounts payable within one year | 42/48 | €92,094 | €169,849 | +€77,755 | +84.4% |
| Financial debts | 43 | - | €3,394 | +€3,394 | |
| Credit institutions | 430/8 | - | €3,394 | +€3,394 | |
| Trade debts | 44 | €5,717 | €7,124 | +€1,407 | +24.6% |
| Suppliers | 440/4 | €5,717 | €7,124 | +€1,407 | +24.6% |
| Taxes, remuneration and social security | 45 | €11,173 | €30,592 | +€19,419 | +174% |
| Taxes | 450/3 | €3,932 | €22,405 | +€18,473 | +470% |
| Remuneration and social security | 454/9 | €7,241 | €8,188 | +€946 | +13.1% |
| Other amounts payable | 47/48 | €75,204 | €128,738 | +€53,534 | +71.2% |
| Non-recurring operating income | 76A | - | €132,471 | +€132,471 | |
| Remuneration, social security and pensions | 62 | €34,073 | €49,377 | +€15,303 | +44.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €38,388 | €32,196 | -€6,192 | -16.1% |
| Other operating charges | 640/8 | €7,083 | €2,550 | -€4,533 | -64.0% |
| Gross operating margin | 9900 | €91,835 | €182,878 | +€91,043 | +99.1% |
| Operating profit (loss) | 9901 | €12,291 | €98,755 | +€86,464 | +703% |
| Financial income | 75/76B | - | €2,319 | +€2,319 | |
| Recurring financial income | 75 | - | €2,319 | +€2,319 | |
| Financial charges | 65/66B | €453 | €482 | +€30 | +6.6% |
| Recurring financial charges | 65 | €453 | €482 | +€30 | +6.6% |
| Profit (loss) for the period before taxes | 9903 | €11,838 | €100,592 | +€88,754 | +750% |
| Income taxes | 67/77 | €4,955 | €29,784 | +€24,829 | +501% |
| Profit (loss) for the period | 9904 | €6,883 | €70,808 | +€63,925 | +929% |
| Profit (loss) for the period to be appropriated | 9905 | €6,883 | €70,808 | +€63,925 | +929% |
Next steps
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 5 November 2026 via checked.be.