MARC JEHOTTE: 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.
MARC JEHOTTE
Largest movements
- Current investments +€36,000
up €36,000 (+12.5%), from €289,000 to €325,000
- Tangible fixed assets +€5,600
up €5,600 (+53.9%), from €10,396 to €15,995
of which Furniture and vehicles: +€4,332
- Reserves +€40,150
up €40,150 (+11.6%), from €346,410 to €386,560
- Tax, wage and social debts +€5,431
up €5,431 (+3,569%), from €152 to €5,583
- Gross operating margin -€26,595
down €26,595 (-27.9%), from €95,370 to €68,775
- Taxes -€8,885
down €8,885 (-28.6%), from €31,102 to €22,217
- Depreciation +€1,717
up €1,717 (+41.8%), from €4,113 to €5,830
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 | €360,570 | €403,557 | +€42,987 | +11.9% |
| Fixed assets | 21/28 | €10,996 | €16,595 | +€5,600 | +50.9% |
| Tangible fixed assets | 22/27 | €10,396 | €15,995 | +€5,600 | +53.9% |
| Land and buildings | 22 | €2,679 | €6,594 | +€3,915 | +146% |
| Plant, machinery and equipment | 23 | €6,900 | €4,252 | -€2,648 | -38.4% |
| Furniture and vehicles | 24 | €816 | €5,149 | +€4,332 | +531% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €349,574 | €386,962 | +€37,387 | +10.7% |
| Amounts receivable within one year | 40/41 | €23,462 | €21,334 | -€2,128 | -9.1% |
| Trade receivables | 40 | €13,263 | €9,898 | -€3,365 | -25.4% |
| Other amounts receivable | 41 | €10,199 | €11,435 | +€1,237 | +12.1% |
| Current investments | 50/53 | €289,000 | €325,000 | +€36,000 | +12.5% |
| Cash at bank and in hand | 54/58 | €35,596 | €38,370 | +€2,774 | +7.8% |
| Deferred charges and accrued income | 490/1 | €1,516 | €2,258 | +€742 | +48.9% |
| Total equity and liabilities | 10/49 | €360,570 | €403,557 | +€42,987 | +11.9% |
| Equity | 10/15 | €353,099 | €393,259 | +€40,161 | +11.4% |
| Contributions | 10/11 | €6,197 | €6,197 | = | 0.0% |
| Reserves | 13 | €346,410 | €386,560 | +€40,150 | +11.6% |
| Non-distributable reserves | 130/1 | €346,410 | €386,560 | +€40,150 | +11.6% |
| Reserves not available under the articles | 1311 | €346,410 | €386,560 | +€40,150 | +11.6% |
| Profit (loss) carried forward | 14 | €491 | €502 | +€11 | +2.2% |
| Amounts payable | 17/49 | €7,471 | €10,298 | +€2,826 | +37.8% |
| Amounts payable within one year | 42/48 | €5,228 | €7,785 | +€2,557 | +48.9% |
| Trade debts | 44 | €4,980 | €2,202 | -€2,778 | -55.8% |
| Suppliers | 440/4 | €4,980 | €2,202 | -€2,778 | -55.8% |
| Taxes, remuneration and social security | 45 | €152 | €5,583 | +€5,431 | +3,569% |
| Taxes | 450/3 | €152 | €5,583 | +€5,431 | +3,569% |
| Other amounts payable | 47/48 | €96 | - | -€96 | |
| Accrued charges and deferred income | 492/3 | €2,244 | €2,513 | +€269 | +12.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,113 | €5,830 | +€1,717 | +41.8% |
| Other operating charges | 640/8 | €628 | €632 | +€4 | +0.7% |
| Gross operating margin | 9900 | €95,370 | €68,775 | -€26,595 | -27.9% |
| Operating profit (loss) | 9901 | €90,629 | €62,313 | -€28,316 | -31.2% |
| Financial income | 75/76B | €122 | €223 | +€101 | +82.4% |
| Recurring financial income | 75 | €122 | €223 | +€101 | +82.4% |
| Financial charges | 65/66B | €99 | €158 | +€59 | +59.3% |
| Recurring financial charges | 65 | €99 | €158 | +€59 | +59.3% |
| Profit (loss) for the period before taxes | 9903 | €90,652 | €62,378 | -€28,275 | -31.2% |
| Income taxes | 67/77 | €31,102 | €22,217 | -€8,885 | -28.6% |
| Profit (loss) for the period | 9904 | €59,551 | €40,161 | -€19,390 | -32.6% |
| Profit (loss) for the period to be appropriated | 9905 | €59,551 | €40,161 | -€19,390 | -32.6% |
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 26 October 2026 via checked.be.