Yannick Jacques: what changed
What changed
Yannick Jacques
NACE 46.900, Non-specialised wholesale trade
filed annual accounts (NBB)
Net result for the year
€427,913
2025 · €384,994+€42,918
Equity
€2.3m
2025 · €1.9m+€427,913
Cash
€535,753
2025 · €467,784+€67,969
Balance sheet total
€5.1m
2025 · €4.9m+€216,643
Largest movements
Assets
- Receivables after one year +€223,750
up €223,750 (+19.7%), from €1.1m to €1.4m
- Tangible fixed assets -€96,406
down €96,406 (-2.9%), from €3.3m to €3.2m
of which Other tangible fixed assets: -€91,521
- Cash +€67,969
up €67,969 (+14.5%), from €467,784 to €535,753
mainly Net result for the year (+€427,913) and Depreciation (+€125,877)
Equity and liabilities
- Reserves +€427,750
up €427,750 (+23.3%), from €1.8m to €2.3m
- Debts after one year -€270,465
down €270,465 (-15.7%), from €1.7m to €1.4m
Income statement
- Gross operating margin +€55,357
up €55,357 (+6.8%), from €816,231 to €871,588
- Taxes +€18,582
up €18,582 (+9.6%), from €193,576 to €212,158
Change in the result, 2025 to 2026
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2025
€384,994
Gross operating margin
+€55,357
Depreciation
-€5,981
Other operating charges
+€3,970
Financial income
+€2,418
Financial charges
+€5,736
Taxes
-€18,582
Result 2026
€427,913
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2025 and 2026 balance sheets and the 2026 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€326,108
Investment
-€29,470
Financing
-€228,669
Cash 2025
€467,784
From operations (derived)
+€326,108
Net result for the year
+€427,913
Depreciation
+€125,877
Receivables after one year
-€223,750
Receivables within one year
+€3,287
Deferred charges and accrued income
-€24,617
Trade debts
+€5,410
Tax, wage and social debts
+€10,503
Other debts
+€2,509
Accrued charges and deferred income
-€1,023
Investment (derived)
-€29,470
Investment in fixed assets (net)
-€29,470
Financing
-€228,669
Debts after one year
-€270,465
Current portion of long-term debt
+€6,684
Short-term financial debts
+€35,113
Cash 2026
€535,753
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €4,914,007 | €5,130,650 | +€216,643 | +4.4% |
| Fixed assets | 21/28 | €3,268,154 | €3,171,748 | -€96,406 | -2.9% |
| Tangible fixed assets | 22/27 | €3,268,154 | €3,171,748 | -€96,406 | -2.9% |
| Furniture and vehicles | 24 | €10,173 | €5,287 | -€4,885 | -48.0% |
| Other tangible fixed assets | 26 | €3,257,981 | €3,166,460 | -€91,521 | -2.8% |
| Current assets | 29/58 | €1,645,853 | €1,958,903 | +€313,050 | +19.0% |
| Amounts receivable after more than one year | 29 | €1,136,250 | €1,360,000 | +€223,750 | +19.7% |
| Other amounts receivable | 291 | €1,136,250 | €1,360,000 | +€223,750 | +19.7% |
| Amounts receivable within one year | 40/41 | €4,782 | €1,495 | -€3,287 | -68.7% |
| Trade receivables | 40 | €617 | €0 | -€617 | -100% |
| Other amounts receivable | 41 | €4,165 | €1,495 | -€2,670 | -64.1% |
| Cash at bank and in hand | 54/58 | €467,784 | €535,753 | +€67,969 | +14.5% |
| Deferred charges and accrued income | 490/1 | €37,038 | €61,655 | +€24,617 | +66.5% |
| Total equity and liabilities | 10/49 | €4,914,007 | €5,130,650 | +€216,643 | +4.4% |
| Equity | 10/15 | €1,867,866 | €2,295,779 | +€427,913 | +22.9% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €1,837,328 | €2,265,078 | +€427,750 | +23.3% |
| Distributable reserves | 133 | €1,837,328 | €2,265,078 | +€427,750 | +23.3% |
| Profit (loss) carried forward | 14 | €538 | €701 | +€163 | +30.2% |
| Amounts payable | 17/49 | €3,046,141 | €2,834,871 | -€211,269 | -6.9% |
| Amounts payable after more than one year | 17 | €1,717,293 | €1,446,827 | -€270,465 | -15.7% |
| Financial debts | 170/4 | €1,717,293 | €1,446,827 | -€270,465 | -15.7% |
| Amounts payable within one year | 42/48 | €1,287,336 | €1,347,555 | +€60,219 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €263,782 | €270,465 | +€6,684 | +2.5% |
| Financial debts | 43 | €804,652 | €839,765 | +€35,113 | +4.4% |
| Credit institutions | 430/8 | €3,173 | €3,765 | +€592 | +18.7% |
| Other loans | 439 | €801,479 | €836,000 | +€34,521 | +4.3% |
| Trade debts | 44 | €9,853 | €15,263 | +€5,410 | +54.9% |
| Suppliers | 440/4 | €9,853 | €15,263 | +€5,410 | +54.9% |
| Taxes, remuneration and social security | 45 | €208,961 | €219,464 | +€10,503 | +5.0% |
| Taxes | 450/3 | €200,961 | €219,464 | +€18,503 | +9.2% |
| Remuneration and social security | 454/9 | €8,000 | €0 | -€8,000 | -100% |
| Other amounts payable | 47/48 | €89 | €2,598 | +€2,509 | +2,827% |
| Accrued charges and deferred income | 492/3 | €41,512 | €40,489 | -€1,023 | -2.5% |
| Non-recurring operating income | 76A | €7,914 | - | -€7,914 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €119,896 | €125,877 | +€5,981 | +5.0% |
| Other operating charges | 640/8 | €33,120 | €29,150 | -€3,970 | -12.0% |
| Gross operating margin | 9900 | €816,231 | €871,588 | +€55,357 | +6.8% |
| Operating profit (loss) | 9901 | €663,215 | €716,561 | +€53,346 | +8.0% |
| Financial income | 75/76B | €29,315 | €31,733 | +€2,418 | +8.2% |
| Recurring financial income | 75 | €29,315 | €31,733 | +€2,418 | +8.2% |
| Financial charges | 65/66B | €113,959 | €108,223 | -€5,736 | -5.0% |
| Recurring financial charges | 65 | €113,959 | €108,223 | -€5,736 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €578,571 | €640,071 | +€61,500 | +10.6% |
| Income taxes | 67/77 | €193,576 | €212,158 | +€18,582 | +9.6% |
| Profit (loss) for the period | 9904 | €384,994 | €427,913 | +€42,918 | +11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €384,994 | €427,913 | +€42,918 | +11.1% |
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 April 2025 and 30 April 2026. Green is a favourable move for that line, red an unfavourable one. Prepared on 8 November 2026 via checked.be.