JEROME TAILLEUR: 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.
JEROME TAILLEUR
Largest movements
- Financial fixed assets +€419,027
up €419,027, from €0 to €419,027
- Cash -€13,462
down €13,462 (-31.7%), from €42,523 to €29,060
mainly Investment in fixed assets (net) (-€419,765) and Contributions, distributions and other (-€177,159)
- Receivables within one year +€6,789
up €6,789 (+9.1%), from €74,225 to €81,014
of which Trade receivables: +€61,737
- Debts after one year +€498,669
new in 2025: €498,669
- Profit (loss) carried forward -€108,889
down €108,889 (-99.8%), from €109,159 to €270
- Trade debts +€13,557
up €13,557 (+1433.1%), from €946 to €14,503
- Tax, wage and social debts +€7,884
up €7,884 (+65.5%), from €12,032 to €19,916
of which Taxes: +€4,884
- Gross operating margin +€26,912
up €26,912 (+36.8%), from €73,039 to €99,951
- Taxes +€11,545
up €11,545 (+71.3%), from €16,199 to €27,744
- Financial charges +€2,572
up €2,572 (+4567.7%), from €56 to €2,628
- Financial income -€2,479
down €2,479 (-99.8%), from €2,484 to €5
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 | €123,637 | €534,858 | +€411,220 | +332.6% |
| Fixed assets | 21/28 | €3,140 | €421,592 | +€418,452 | +13325.1% |
| Tangible fixed assets | 22/27 | €3,140 | €2,566 | -€575 | -18.3% |
| Furniture and vehicles | 24 | €3,140 | €2,566 | -€575 | -18.3% |
| Financial fixed assets | 28 | €0 | €419,027 | +€419,027 | |
| Current assets | 29/58 | €120,497 | €113,266 | -€7,231 | -6.0% |
| Amounts receivable after more than one year | 29 | €3,749 | - | -€3,749 | |
| Other amounts receivable | 291 | €3,749 | - | -€3,749 | |
| Amounts receivable within one year | 40/41 | €74,225 | €81,014 | +€6,789 | +9.1% |
| Trade receivables | 40 | €19,021 | €80,758 | +€61,737 | +324.6% |
| Other amounts receivable | 41 | €55,204 | €256 | -€54,948 | -99.5% |
| Cash at bank and in hand | 54/58 | €42,523 | €29,060 | -€13,462 | -31.7% |
| Deferred charges and accrued income | 490/1 | - | €3,191 | +€3,191 | |
| Total equity and liabilities | 10/49 | €123,637 | €534,858 | +€411,220 | +332.6% |
| Equity | 10/15 | €110,659 | €1,770 | -€108,889 | -98.4% |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €109,159 | €270 | -€108,889 | -99.8% |
| Amounts payable | 17/49 | €12,978 | €533,088 | +€520,110 | +4007.7% |
| Amounts payable after more than one year | 17 | - | €498,669 | +€498,669 | |
| Financial debts | 170/4 | - | €498,669 | +€498,669 | |
| Amounts payable within one year | 42/48 | €12,978 | €34,418 | +€21,440 | +165.2% |
| Trade debts | 44 | €946 | €14,503 | +€13,557 | +1433.1% |
| Suppliers | 440/4 | €946 | €14,503 | +€13,557 | +1433.1% |
| Taxes, remuneration and social security | 45 | €12,032 | €19,916 | +€7,884 | +65.5% |
| Taxes | 450/3 | €11,032 | €15,916 | +€4,884 | +44.3% |
| Remuneration and social security | 454/9 | €1,000 | €4,000 | +€3,000 | +300.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €756 | €1,313 | +€557 | +73.7% |
| Gross operating margin | 9900 | €73,039 | €99,951 | +€26,912 | +36.8% |
| Operating profit (loss) | 9901 | €72,283 | €98,637 | +€26,355 | +36.5% |
| Financial income | 75/76B | €2,484 | €5 | -€2,479 | -99.8% |
| Recurring financial income | 75 | €2,484 | €5 | -€2,479 | -99.8% |
| Financial charges | 65/66B | €56 | €2,628 | +€2,572 | +4567.7% |
| Recurring financial charges | 65 | €56 | €2,628 | +€2,572 | +4567.7% |
| Profit (loss) for the period before taxes | 9903 | €74,711 | €96,015 | +€21,304 | +28.5% |
| Income taxes | 67/77 | €16,199 | €27,744 | +€11,545 | +71.3% |
| Profit (loss) for the period | 9904 | €58,512 | €68,270 | +€9,759 | +16.7% |
| Profit (loss) for the period to be appropriated | 9905 | €58,512 | €68,270 | +€9,759 | +16.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.