Jules Lecoutere: 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.
Jules Lecoutere
Largest movements
- Tangible fixed assets +€104,267
up €104,267 (+95.9%), from €108,751 to €213,018
- Cash +€92,355
new in 2025: €92,355
mainly Debts after one year (+€200,000) and Trade debts (+€11,099)
- Debts after one year +€200,000
new in 2025: €200,000
- Profit (loss) carried forward -€18,727
new in 2025: -€18,727
- Trade debts +€11,099
new in 2025: €11,099
- Tax, wage and social debts +€3,944
new in 2025: €3,944
- Gross operating margin -€11,716
down €11,716, from €9,550 to -€2,165
- Depreciation +€4,183
new in 2025: €4,183
- Financial charges +€3,250
up €3,250 (+512%), from €634 to €3,884
- Other operating charges +€634
up €634 (+8.5%), from €7,465 to €8,099
- Taxes +€395
new in 2025: €395
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 | €108,751 | €307,749 | +€198,998 | +183% |
| Fixed assets | 21/28 | €108,751 | €213,018 | +€104,267 | +95.9% |
| Tangible fixed assets | 22/27 | €108,751 | €213,018 | +€104,267 | +95.9% |
| Land and buildings | 22 | €108,751 | €213,018 | +€104,267 | +95.9% |
| Current assets | 29/58 | - | €94,731 | +€94,731 | |
| Amounts receivable within one year | 40/41 | - | €824 | +€824 | |
| Trade receivables | 40 | - | €824 | +€824 | |
| Cash at bank and in hand | 54/58 | - | €92,355 | +€92,355 | |
| Deferred charges and accrued income | 490/1 | - | €1,551 | +€1,551 | |
| Total equity and liabilities | 10/49 | €108,751 | €307,749 | +€198,998 | +183% |
| Equity | 10/15 | €54,111 | €35,384 | -€18,727 | -34.6% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €35,111 | €35,111 | = | 0.0% |
| Non-distributable reserves | 130/1 | €3,297 | €3,297 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,297 | €3,297 | = | 0.0% |
| Distributable reserves | 133 | €31,814 | €31,814 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€18,727 | -€18,727 | |
| Amounts payable | 17/49 | €54,640 | €272,365 | +€217,725 | +398% |
| Amounts payable after more than one year | 17 | - | €200,000 | +€200,000 | |
| Financial debts | 170/4 | - | €200,000 | +€200,000 | |
| Amounts payable within one year | 42/48 | €54,640 | €72,365 | +€17,725 | +32.4% |
| Trade debts | 44 | - | €11,099 | +€11,099 | |
| Suppliers | 440/4 | - | €11,099 | +€11,099 | |
| Taxes, remuneration and social security | 45 | - | €3,944 | +€3,944 | |
| Taxes | 450/3 | - | €3,944 | +€3,944 | |
| Other amounts payable | 47/48 | €54,640 | €57,322 | +€2,682 | +4.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,183 | +€4,183 | |
| Other operating charges | 640/8 | €7,465 | €8,099 | +€634 | +8.5% |
| Gross operating margin | 9900 | €9,550 | -€2,165 | -€11,716 | |
| Operating profit (loss) | 9901 | €2,085 | -€14,448 | -€16,533 | |
| Financial charges | 65/66B | €634 | €3,884 | +€3,250 | +512% |
| Recurring financial charges | 65 | €634 | €3,884 | +€3,250 | +512% |
| Profit (loss) for the period before taxes | 9903 | €1,451 | -€18,332 | -€19,783 | |
| Income taxes | 67/77 | - | €395 | +€395 | |
| Profit (loss) for the period | 9904 | €1,451 | -€18,727 | -€20,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,451 | -€18,727 | -€20,178 |
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 29 October 2026 via checked.be.