POTVIN Jean-Luc: 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.
POTVIN Jean-Luc
Largest movements
- Receivables within one year +€40,285
up €40,285 (+34.7%), from €116,109 to €156,394
of which Trade receivables: +€27,272
- Cash -€9,192
down €9,192 (-28.1%), from €32,727 to €23,536
mainly Contributions, distributions and other (-€58,638) and Receivables within one year (-€40,285)
- Deferred charges and accrued income +€7,282
up €7,282 (+230%), from €3,169 to €10,451
- Tangible fixed assets -€2,099
down €2,099 (-19.1%), from €10,962 to €8,863
of which Plant, machinery and equipment: -€1,927
- Trade debts +€54,201
up €54,201 (+666%), from €8,140 to €62,341
- Tax, wage and social debts -€19,854
down €19,854 (-13.6%), from €145,859 to €126,005
of which Remuneration and social security: -€42,994
- Turnover -€630,709
no longer reported in 2025 (was €630,709)
- Purchases and services -€290,568
no longer reported in 2025 (was €290,568)
- Taxes +€48,711
up €48,711 (+868%), from €5,610 to €54,321
- Staff costs -€48,270
down €48,270 (-15.2%), from €318,496 to €270,226
- Gross operating margin -€8,230
down €8,230 (-2.0%), from €408,227 to €399,997
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 | €168,067 | €204,344 | +€36,276 | +21.6% |
| Fixed assets | 21/28 | €16,062 | €13,963 | -€2,099 | -13.1% |
| Tangible fixed assets | 22/27 | €10,962 | €8,863 | -€2,099 | -19.1% |
| Plant, machinery and equipment | 23 | €8,803 | €6,877 | -€1,927 | -21.9% |
| Furniture and vehicles | 24 | €2,159 | €1,986 | -€173 | -8.0% |
| Financial fixed assets | 28 | €5,100 | €5,100 | = | 0.0% |
| Current assets | 29/58 | €152,005 | €190,380 | +€38,375 | +25.2% |
| Amounts receivable within one year | 40/41 | €116,109 | €156,394 | +€40,285 | +34.7% |
| Trade receivables | 40 | €106,393 | €133,664 | +€27,272 | +25.6% |
| Other amounts receivable | 41 | €9,716 | €22,730 | +€13,013 | +134% |
| Cash at bank and in hand | 54/58 | €32,727 | €23,536 | -€9,192 | -28.1% |
| Deferred charges and accrued income | 490/1 | €3,169 | €10,451 | +€7,282 | +230% |
| Total equity and liabilities | 10/49 | €168,067 | €204,344 | +€36,276 | +21.6% |
| Equity | 10/15 | €14,069 | €15,997 | +€1,929 | +13.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €5,739 | €5,739 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,880 | €3,880 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€10,263 | -€8,334 | +€1,929 | +18.8% |
| Amounts payable | 17/49 | €153,999 | €188,346 | +€34,347 | +22.3% |
| Amounts payable within one year | 42/48 | €153,999 | €188,346 | +€34,347 | +22.3% |
| Trade debts | 44 | €8,140 | €62,341 | +€54,201 | +666% |
| Suppliers | 440/4 | €8,140 | €62,341 | +€54,201 | +666% |
| Taxes, remuneration and social security | 45 | €145,859 | €126,005 | -€19,854 | -13.6% |
| Taxes | 450/3 | €79,354 | €102,494 | +€23,141 | +29.2% |
| Remuneration and social security | 454/9 | €66,505 | €23,511 | -€42,994 | -64.6% |
| Turnover | 70 | €630,709 | - | -€630,709 | |
| Non-recurring operating income | 76A | €57,508 | €39,099 | -€18,408 | -32.0% |
| Goods, raw materials, services and sundry goods | 60/61 | €290,568 | - | -€290,568 | |
| Remuneration, social security and pensions | 62 | €318,496 | €270,226 | -€48,270 | -15.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,478 | €7,101 | +€2,623 | +58.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €5,669 | €464 | -€5,205 | -91.8% |
| Other operating charges | 640/8 | €3,009 | €3,391 | +€382 | +12.7% |
| Non-recurring operating charges | 66A | €2,064 | €725 | -€1,339 | -64.9% |
| Gross operating margin | 9900 | €408,227 | €399,997 | -€8,230 | -2.0% |
| Operating profit (loss) | 9901 | €74,512 | €118,091 | +€43,578 | +58.5% |
| Financial income | 75/76B | €2,498 | €200 | -€2,298 | -92.0% |
| Recurring financial income | 75 | €2,498 | €200 | -€2,298 | -92.0% |
| Financial charges | 65/66B | €8,452 | €3,402 | -€5,050 | -59.7% |
| Recurring financial charges | 65 | €8,452 | €3,402 | -€5,050 | -59.7% |
| Profit (loss) for the period before taxes | 9903 | €68,558 | €114,888 | +€46,330 | +67.6% |
| Income taxes | 67/77 | €5,610 | €54,321 | +€48,711 | +868% |
| Profit (loss) for the period | 9904 | €62,948 | €60,567 | -€2,381 | -3.8% |
| Profit (loss) for the period to be appropriated | 9905 | €62,948 | €60,567 | -€2,381 | -3.8% |
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 30 October 2026 via checked.be.