A. Jacobs: what changed
Two fiscal 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.
A. Jacobs
Largest movements
- Tangible fixed assets +€29,953
up €29,953 (+315.7%), from €9,488 to €39,441
of which Leasing and similar rights: +€31,608
- Receivables within one year +€26,087
up €26,087 (+733.0%), from €3,559 to €29,646
of which Trade receivables: +€28,417
- Cash +€10,704
up €10,704 (+56.1%), from €19,091 to €29,795
mainly Other debts (+€21,415) and Debts after one year (+€20,501)
- Other debts +€21,415
up €21,415 (+885.8%), from €2,418 to €23,833
- Debts after one year +€20,501
new in 2025: €20,501
- Reserves +€9,763
up €9,763 (+66.0%), from €14,801 to €24,565
- Accrued charges and deferred income +€9,138
up €9,138 (+1655.5%), from €552 to €9,690
- Tax, wage and social debts +€5,814
up €5,814 (+213.6%), from €2,722 to €8,535
of which Taxes: +€3,275
- Depreciation -€5,961
down €5,961 (-76.2%), from €7,821 to €1,860
- Gross operating margin -€4,376
down €4,376 (-20.9%), from €20,903 to €16,526
- Taxes +€553
up €553 (+20.3%), from €2,722 to €3,275
- Other operating charges -€365
down €365 (-21.0%), from €1,739 to €1,374
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.
Cash bridge derived
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 | €32,295 | €98,882 | +€66,587 | +206.2% |
| Fixed assets | 21/28 | €9,488 | €39,441 | +€29,953 | +315.7% |
| Tangible fixed assets | 22/27 | €9,488 | €39,441 | +€29,953 | +315.7% |
| Furniture and vehicles | 24 | €3,767 | €2,112 | -€1,654 | -43.9% |
| Leasing and similar rights | 25 | €5,721 | €37,328 | +€31,608 | +552.5% |
| Current assets | 29/58 | €22,807 | €59,441 | +€36,634 | +160.6% |
| Amounts receivable within one year | 40/41 | €3,559 | €29,646 | +€26,087 | +733.0% |
| Trade receivables | 40 | €1,229 | €29,646 | +€28,417 | +2311.9% |
| Other amounts receivable | 41 | €2,330 | - | -€2,330 | |
| Cash at bank and in hand | 54/58 | €19,091 | €29,795 | +€10,704 | +56.1% |
| Deferred charges and accrued income | 490/1 | €157 | - | -€157 | |
| Total equity and liabilities | 10/49 | €32,295 | €98,882 | +€66,587 | +206.2% |
| Equity | 10/15 | €21,301 | €31,065 | +€9,763 | +45.8% |
| Contributions | 10/11 | €6,500 | €6,500 | = | 0.0% |
| Reserves | 13 | €14,801 | €24,565 | +€9,763 | +66.0% |
| Distributable reserves | 133 | €14,801 | €24,565 | +€9,763 | +66.0% |
| Amounts payable | 17/49 | €10,993 | €67,817 | +€56,824 | +516.9% |
| Amounts payable after more than one year | 17 | - | €20,501 | +€20,501 | |
| Financial debts | 170/4 | - | €20,501 | +€20,501 | |
| Amounts payable within one year | 42/48 | €10,441 | €37,626 | +€27,185 | +260.4% |
| Current portion of amounts payable after more than one year | 42 | €5,302 | €4,636 | -€666 | -12.6% |
| Trade debts | 44 | - | €622 | +€622 | |
| Suppliers | 440/4 | - | €622 | +€622 | |
| Taxes, remuneration and social security | 45 | €2,722 | €8,535 | +€5,814 | +213.6% |
| Taxes | 450/3 | €2,722 | €5,996 | +€3,275 | +120.3% |
| Remuneration and social security | 454/9 | - | €2,539 | +€2,539 | |
| Other amounts payable | 47/48 | €2,418 | €23,833 | +€21,415 | +885.8% |
| Accrued charges and deferred income | 492/3 | €552 | €9,690 | +€9,138 | +1655.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,821 | €1,860 | -€5,961 | -76.2% |
| Other operating charges | 640/8 | €1,739 | €1,374 | -€365 | -21.0% |
| Gross operating margin | 9900 | €20,903 | €16,526 | -€4,376 | -20.9% |
| Operating profit (loss) | 9901 | €11,342 | €13,292 | +€1,950 | +17.2% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €167 | €254 | +€87 | +51.9% |
| Recurring financial charges | 65 | €167 | €254 | +€87 | +51.9% |
| Profit (loss) for the period before taxes | 9903 | €11,175 | €13,038 | +€1,863 | +16.7% |
| Income taxes | 67/77 | €2,722 | €3,275 | +€553 | +20.3% |
| Profit (loss) for the period | 9904 | €8,453 | €9,763 | +€1,310 | +15.5% |
| Profit (loss) for the period to be appropriated | 9905 | €8,453 | €9,763 | +€1,310 | +15.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.