MATHIEU JACQUET: 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.
MATHIEU JACQUET
Largest movements
- Cash +€14,243
up €14,243 (+109%), from €13,095 to €27,338
mainly Depreciation (+€15,022) and Net result for the year (+€13,167)
- Tangible fixed assets -€11,379
down €11,379 (-2.9%), from €388,177 to €376,798
- Profit (loss) carried forward +€13,167
up €13,167 (+15.7%), from €83,648 to €96,815
- Debts after one year -€12,081
down €12,081 (-3.8%), from €316,407 to €304,326
- Tax, wage and social debts +€4,974
up €4,974 (+114%), from €4,372 to €9,346
of which Taxes: +€4,974
- Gross operating margin -€11,962
down €11,962 (-19.6%), from €61,046 to €49,084
- Taxes -€2,895
down €2,895 (-41.2%), from €7,022 to €4,127
- Other operating charges +€916
up €916 (+67.4%), from €1,359 to €2,275
- Depreciation +€815
up €815 (+5.7%), from €14,207 to €15,022
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 | €439,780 | €442,864 | +€3,084 | +0.7% |
| Fixed assets | 21/28 | €388,232 | €378,031 | -€10,201 | -2.6% |
| Intangible fixed assets | 21 | - | €1,178 | +€1,178 | |
| Tangible fixed assets | 22/27 | €388,177 | €376,798 | -€11,379 | -2.9% |
| Land and buildings | 22 | €388,177 | €376,798 | -€11,379 | -2.9% |
| Financial fixed assets | 28 | €55 | €55 | = | 0.0% |
| Current assets | 29/58 | €51,548 | €64,833 | +€13,285 | +25.8% |
| Amounts receivable within one year | 40/41 | €36,620 | €35,081 | -€1,539 | -4.2% |
| Trade receivables | 40 | €22,793 | €21,837 | -€956 | -4.2% |
| Other amounts receivable | 41 | €13,827 | €13,244 | -€583 | -4.2% |
| Cash at bank and in hand | 54/58 | €13,095 | €27,338 | +€14,243 | +109% |
| Deferred charges and accrued income | 490/1 | €1,833 | €2,414 | +€581 | +31.7% |
| Total equity and liabilities | 10/49 | €439,780 | €442,864 | +€3,084 | +0.7% |
| Equity | 10/15 | €88,648 | €101,815 | +€13,167 | +14.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €83,648 | €96,815 | +€13,167 | +15.7% |
| Amounts payable | 17/49 | €351,132 | €341,049 | -€10,083 | -2.9% |
| Amounts payable after more than one year | 17 | €316,407 | €304,326 | -€12,081 | -3.8% |
| Financial debts | 170/4 | €316,407 | €304,326 | -€12,081 | -3.8% |
| Amounts payable within one year | 42/48 | €34,725 | €36,723 | +€1,998 | +5.8% |
| Current portion of amounts payable after more than one year | 42 | €11,583 | €12,081 | +€498 | +4.3% |
| Trade debts | 44 | €3,343 | €2,411 | -€932 | -27.9% |
| Suppliers | 440/4 | €3,343 | €2,411 | -€932 | -27.9% |
| Taxes, remuneration and social security | 45 | €4,372 | €9,346 | +€4,974 | +114% |
| Taxes | 450/3 | €2,372 | €7,346 | +€4,974 | +210% |
| Remuneration and social security | 454/9 | €2,000 | €2,000 | = | 0.0% |
| Other amounts payable | 47/48 | €15,427 | €12,885 | -€2,542 | -16.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,207 | €15,022 | +€815 | +5.7% |
| Other operating charges | 640/8 | €1,359 | €2,275 | +€916 | +67.4% |
| Non-recurring operating charges | 66A | €7 | €5 | -€2 | -28.6% |
| Gross operating margin | 9900 | €61,046 | €49,084 | -€11,962 | -19.6% |
| Operating profit (loss) | 9901 | €45,473 | €31,782 | -€13,691 | -30.1% |
| Financial charges | 65/66B | €14,003 | €14,488 | +€485 | +3.5% |
| Recurring financial charges | 65 | €14,003 | €14,488 | +€485 | +3.5% |
| Profit (loss) for the period before taxes | 9903 | €31,470 | €17,294 | -€14,176 | -45.0% |
| Income taxes | 67/77 | €7,022 | €4,127 | -€2,895 | -41.2% |
| Profit (loss) for the period | 9904 | €24,448 | €13,167 | -€11,281 | -46.1% |
| Profit (loss) for the period to be appropriated | 9905 | €24,448 | €13,167 | -€11,281 | -46.1% |
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 17 October 2026 via checked.be.