JEUDI: 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.
JEUDI
Largest movements
- Financial fixed assets +€90,000
new in 2025: €90,000
- Cash -€21,033
down €21,033 (-15.6%), from €135,173 to €114,140
mainly Contributions, distributions and other (-€150,000) and Investment in fixed assets (net) (-€125,969)
- Tangible fixed assets +€10,761
up €10,761 (+11.2%), from €95,684 to €106,445
of which Other tangible fixed assets: +€8,684
- Other debts +€189,853
up €189,853 (+434%), from €43,700 to €233,553
- Reserves -€69,781
down €69,781 (-78.7%), from €88,627 to €18,846
- Tax, wage and social debts -€19,620
down €19,620 (-41.7%), from €47,005 to €27,386
of which Taxes: -€25,843
- Debts after one year -€13,451
down €13,451 (-30.9%), from €43,504 to €30,053
- Short-term financial debts -€7,061
no longer reported in 2025 (was €7,061)
- Staff costs +€34,254
up €34,254 (+29.0%), from €117,927 to €152,181
- Gross operating margin +€32,624
up €32,624 (+12.0%), from €271,351 to €303,975
- Depreciation +€5,973
up €5,973 (+28.8%), from €20,736 to €26,709
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 | €427,501 | €501,256 | +€73,755 | +17.3% |
| Fixed assets | 21/28 | €109,180 | €208,441 | +€99,261 | +90.9% |
| Intangible fixed assets | 21 | €13,496 | €11,996 | -€1,500 | -11.1% |
| Tangible fixed assets | 22/27 | €95,684 | €106,445 | +€10,761 | +11.2% |
| Plant, machinery and equipment | 23 | €59,545 | €63,215 | +€3,670 | +6.2% |
| Furniture and vehicles | 24 | €11,110 | €9,516 | -€1,593 | -14.3% |
| Other tangible fixed assets | 26 | €25,029 | €33,714 | +€8,684 | +34.7% |
| Financial fixed assets | 28 | - | €90,000 | +€90,000 | |
| Current assets | 29/58 | €318,321 | €292,815 | -€25,506 | -8.0% |
| Stocks and contracts in progress | 3 | €7,485 | €7,741 | +€256 | +3.4% |
| Stocks | 30/36 | €7,485 | €7,741 | +€256 | +3.4% |
| Amounts receivable within one year | 40/41 | €170,338 | €166,286 | -€4,052 | -2.4% |
| Trade receivables | 40 | €5,987 | €24,613 | +€18,626 | +311% |
| Other amounts receivable | 41 | €164,350 | €141,672 | -€22,678 | -13.8% |
| Cash at bank and in hand | 54/58 | €135,173 | €114,140 | -€21,033 | -15.6% |
| Deferred charges and accrued income | 490/1 | €5,325 | €4,649 | -€677 | -12.7% |
| Total equity and liabilities | 10/49 | €427,501 | €501,256 | +€73,755 | +17.3% |
| Equity | 10/15 | €101,127 | €31,346 | -€69,781 | -69.0% |
| Contributions | 10/11 | €12,500 | €12,500 | = | 0.0% |
| Reserves | 13 | €88,627 | €18,846 | -€69,781 | -78.7% |
| Distributable reserves | 133 | €88,627 | €18,846 | -€69,781 | -78.7% |
| Amounts payable | 17/49 | €326,374 | €469,910 | +€143,536 | +44.0% |
| Amounts payable after more than one year | 17 | €43,504 | €30,053 | -€13,451 | -30.9% |
| Financial debts | 170/4 | €43,504 | €30,053 | -€13,451 | -30.9% |
| Amounts payable within one year | 42/48 | €282,015 | €438,901 | +€156,886 | +55.6% |
| Current portion of amounts payable after more than one year | 42 | €12,856 | €13,451 | +€595 | +4.6% |
| Financial debts | 43 | €7,061 | - | -€7,061 | |
| Credit institutions | 430/8 | €7,061 | - | -€7,061 | |
| Trade debts | 44 | €171,394 | €164,512 | -€6,882 | -4.0% |
| Suppliers | 440/4 | €171,394 | €164,512 | -€6,882 | -4.0% |
| Taxes, remuneration and social security | 45 | €47,005 | €27,386 | -€19,620 | -41.7% |
| Taxes | 450/3 | €36,907 | €11,064 | -€25,843 | -70.0% |
| Remuneration and social security | 454/9 | €10,098 | €16,321 | +€6,223 | +61.6% |
| Other amounts payable | 47/48 | €43,700 | €233,553 | +€189,853 | +434% |
| Accrued charges and deferred income | 492/3 | €855 | €956 | +€101 | +11.8% |
| Remuneration, social security and pensions | 62 | €117,927 | €152,181 | +€34,254 | +29.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,736 | €26,709 | +€5,973 | +28.8% |
| Other operating charges | 640/8 | €1,740 | €4,209 | +€2,469 | +142% |
| Gross operating margin | 9900 | €271,351 | €303,975 | +€32,624 | +12.0% |
| Operating profit (loss) | 9901 | €130,948 | €120,876 | -€10,072 | -7.7% |
| Financial income | 75/76B | €2,510 | €3,420 | +€910 | +36.2% |
| Recurring financial income | 75 | €2,510 | €3,420 | +€910 | +36.2% |
| Financial charges | 65/66B | €16,218 | €16,228 | +€10 | +0.1% |
| Recurring financial charges | 65 | €16,218 | €16,228 | +€10 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | €117,240 | €108,068 | -€9,172 | -7.8% |
| Income taxes | 67/77 | €26,037 | €27,849 | +€1,812 | +7.0% |
| Profit (loss) for the period | 9904 | €91,203 | €80,219 | -€10,984 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €91,203 | €80,219 | -€10,984 | -12.0% |
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 19 October 2026 via checked.be.