JORDAN LECOCQ: 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.
JORDAN LECOCQ
Largest movements
- Receivables within one year -€174,948
down €174,948 (-87.4%), from €200,093 to €25,144
of which Trade receivables: -€179,447
- Cash -€44,608
down €44,608 (-32.9%), from €135,545 to €90,937
mainly Trade debts (-€200,301) and Other debts (-€75,098)
- Intangible fixed assets -€20,000
down €20,000 (-10.3%), from €195,000 to €175,000
- Trade debts -€200,301
down €200,301 (-100.0%), from €200,387 to €86
- Other debts -€75,098
down €75,098 (-55.2%), from €136,000 to €60,903
- Reserves +€33,592
new in 2025: €33,592
- Debts after one year -€18,479
down €18,479 (-10.1%), from €182,603 to €164,124
- Tax, wage and social debts +€12,742
new in 2025: €12,742
- Gross operating margin +€77,485
up €77,485, from -€1,251 to €76,234
- Depreciation +€15,000
up €15,000 (+300%), from €5,000 to €20,000
- Taxes +€9,118
new in 2025: €9,118
- Financial charges +€4,878
up €4,878 (+489%), from €998 to €5,876
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 | €530,638 | €291,425 | -€239,213 | -45.1% |
| Fixed assets | 21/28 | €195,000 | €175,000 | -€20,000 | -10.3% |
| Intangible fixed assets | 21 | €195,000 | €175,000 | -€20,000 | -10.3% |
| Current assets | 29/58 | €335,638 | €116,425 | -€219,213 | -65.3% |
| Amounts receivable within one year | 40/41 | €200,093 | €25,144 | -€174,948 | -87.4% |
| Trade receivables | 40 | €200,000 | €20,553 | -€179,447 | -89.7% |
| Other amounts receivable | 41 | €93 | €4,592 | +€4,499 | +4,842% |
| Cash at bank and in hand | 54/58 | €135,545 | €90,937 | -€44,608 | -32.9% |
| Deferred charges and accrued income | 490/1 | - | €343 | +€343 | |
| Total equity and liabilities | 10/49 | €530,638 | €291,425 | -€239,213 | -45.1% |
| Equity | 10/15 | -€5,749 | €35,092 | +€40,840 | |
| Contributions | 10/11 | €1,500 | €1,500 | = | 0.0% |
| Reserves | 13 | - | €33,592 | +€33,592 | |
| Distributable reserves | 133 | - | €33,592 | +€33,592 | |
| Profit (loss) carried forward | 14 | -€7,249 | - | +€7,249 | |
| Amounts payable | 17/49 | €536,387 | €256,334 | -€280,054 | -52.2% |
| Amounts payable after more than one year | 17 | €182,603 | €164,124 | -€18,479 | -10.1% |
| Financial debts | 170/4 | €182,603 | €164,124 | -€18,479 | -10.1% |
| Amounts payable within one year | 42/48 | €353,784 | €92,209 | -€261,575 | -73.9% |
| Current portion of amounts payable after more than one year | 42 | €17,397 | €18,479 | +€1,082 | +6.2% |
| Trade debts | 44 | €200,387 | €86 | -€200,301 | -100.0% |
| Suppliers | 440/4 | €200,387 | €86 | -€200,301 | -100.0% |
| Taxes, remuneration and social security | 45 | - | €12,742 | +€12,742 | |
| Taxes | 450/3 | - | €12,742 | +€12,742 | |
| Other amounts payable | 47/48 | €136,000 | €60,903 | -€75,098 | -55.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,000 | €20,000 | +€15,000 | +300% |
| Other operating charges | 640/8 | - | €400 | +€400 | |
| Gross operating margin | 9900 | -€1,251 | €76,234 | +€77,485 | |
| Operating profit (loss) | 9901 | -€6,251 | €55,834 | +€62,085 | |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €998 | €5,876 | +€4,878 | +489% |
| Recurring financial charges | 65 | €998 | €5,876 | +€4,878 | +489% |
| Profit (loss) for the period before taxes | 9903 | -€7,249 | €49,958 | +€57,207 | |
| Income taxes | 67/77 | - | €9,118 | +€9,118 | |
| Profit (loss) for the period | 9904 | -€7,249 | €40,840 | +€48,089 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,249 | €40,840 | +€48,089 |
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 24 October 2026 via checked.be.