JOURET SANDRINE: what changed
JOURET SANDRINE
Largest movements
- Financial fixed assets +€200,005
up €200,005 (+53,788%), from €372 to €200,377
- Receivables after one year -€100,000
no longer reported in 2025 (was €100,000)
- Cash +€72,422
up €72,422 (+91.2%), from €79,423 to €151,845
mainly Net result for the year (+€178,258) and Receivables after one year (+€100,000)
- Tangible fixed assets +€21,040
up €21,040 (+145%), from €14,513 to €35,553
of which Plant, machinery and equipment: +€22,532
- Receivables within one year -€16,337
down €16,337 (-56.2%), from €29,071 to €12,734
of which Trade receivables: -€16,353
- Reserves +€178,258
up €178,258 (+52.5%), from €339,811 to €518,069
- Other debts -€27,901
down €27,901 (-36.2%), from €77,042 to €49,141
- Tax, wage and social debts +€17,312
up €17,312 (+47.5%), from €36,434 to €53,746
of which Taxes: +€16,443
- Trade debts -€15,414
down €15,414 (-57.8%), from €26,686 to €11,272
- Short-term financial debts +€12,644
new in 2025: €12,644
- Gross operating margin +€36,439
up €36,439 (+14.5%), from €251,789 to €288,228
- Taxes +€16,870
up €16,870 (+25.6%), from €66,008 to €82,878
- Financial income +€9,205
up €9,205 (+353%), from €2,609 to €11,814
- Depreciation +€3,106
up €3,106 (+38.5%), from €8,070 to €11,176
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 | €501,102 | €663,655 | +€162,553 | +32.4% |
| Fixed assets | 21/28 | €14,885 | €235,930 | +€221,045 | +1,485% |
| Tangible fixed assets | 22/27 | €14,513 | €35,553 | +€21,040 | +145% |
| Plant, machinery and equipment | 23 | €8,686 | €31,218 | +€22,532 | +259% |
| Furniture and vehicles | 24 | €1,113 | €252 | -€861 | -77.3% |
| Other tangible fixed assets | 26 | €4,714 | €4,083 | -€631 | -13.4% |
| Financial fixed assets | 28 | €372 | €200,377 | +€200,005 | +53,788% |
| Current assets | 29/58 | €486,217 | €427,725 | -€58,492 | -12.0% |
| Amounts receivable after more than one year | 29 | €100,000 | - | -€100,000 | |
| Other amounts receivable | 291 | €100,000 | - | -€100,000 | |
| Stocks and contracts in progress | 3 | €1,010 | €509 | -€501 | -49.6% |
| Stocks | 30/36 | €1,010 | €509 | -€501 | -49.6% |
| Amounts receivable within one year | 40/41 | €29,071 | €12,734 | -€16,337 | -56.2% |
| Trade receivables | 40 | €29,071 | €12,718 | -€16,353 | -56.3% |
| Other amounts receivable | 41 | - | €16 | +€16 | |
| Current investments | 50/53 | €275,000 | €261,165 | -€13,835 | -5.0% |
| Cash at bank and in hand | 54/58 | €79,423 | €151,845 | +€72,422 | +91.2% |
| Deferred charges and accrued income | 490/1 | €1,714 | €1,472 | -€242 | -14.1% |
| Total equity and liabilities | 10/49 | €501,102 | €663,655 | +€162,553 | +32.4% |
| Equity | 10/15 | €358,403 | €536,661 | +€178,258 | +49.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €339,811 | €518,069 | +€178,258 | +52.5% |
| Distributable reserves | 133 | €339,811 | €518,069 | +€178,258 | +52.5% |
| Amounts payable | 17/49 | €142,699 | €126,994 | -€15,706 | -11.0% |
| Amounts payable within one year | 42/48 | €140,162 | €126,803 | -€13,360 | -9.5% |
| Financial debts | 43 | - | €12,644 | +€12,644 | |
| Credit institutions | 430/8 | - | €12,644 | +€12,644 | |
| Trade debts | 44 | €26,686 | €11,272 | -€15,414 | -57.8% |
| Suppliers | 440/4 | €26,686 | €11,272 | -€15,414 | -57.8% |
| Taxes, remuneration and social security | 45 | €36,434 | €53,746 | +€17,312 | +47.5% |
| Taxes | 450/3 | €33,119 | €49,562 | +€16,443 | +49.6% |
| Remuneration and social security | 454/9 | €3,314 | €4,184 | +€870 | +26.2% |
| Other amounts payable | 47/48 | €77,042 | €49,141 | -€27,901 | -36.2% |
| Accrued charges and deferred income | 492/3 | €2,537 | €191 | -€2,346 | -92.5% |
| Remuneration, social security and pensions | 62 | €26,114 | €24,620 | -€1,494 | -5.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,070 | €11,176 | +€3,106 | +38.5% |
| Other operating charges | 640/8 | €1,737 | €1,491 | -€246 | -14.2% |
| Gross operating margin | 9900 | €251,789 | €288,228 | +€36,439 | +14.5% |
| Operating profit (loss) | 9901 | €215,867 | €250,941 | +€35,073 | +16.2% |
| Financial income | 75/76B | €2,609 | €11,814 | +€9,205 | +353% |
| Recurring financial income | 75 | €2,609 | €11,814 | +€9,205 | +353% |
| Financial charges | 65/66B | €595 | €1,619 | +€1,023 | +172% |
| Recurring financial charges | 65 | €595 | €1,619 | +€1,023 | +172% |
| Profit (loss) for the period before taxes | 9903 | €217,881 | €261,136 | +€43,255 | +19.9% |
| Income taxes | 67/77 | €66,008 | €82,878 | +€16,870 | +25.6% |
| Profit (loss) for the period | 9904 | €151,873 | €178,258 | +€26,385 | +17.4% |
| Profit (loss) for the period to be appropriated | 9905 | €151,873 | €178,258 | +€26,385 | +17.4% |
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.