CAROLINE 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.
CAROLINE JACOBS
Largest movements
- Cash +€110,277
up €110,277 (+172.9%), from €63,773 to €174,050
mainly Other debts (+€133,300) and Net result for the year (+€81,056)
- Receivables within one year -€50,295
down €50,295 (-92.6%), from €54,307 to €4,012
of which Other amounts receivable: -€39,246
- Tangible fixed assets -€10,270
down €10,270 (-2.6%), from €400,169 to €389,899
of which Land and buildings: -€10,320
- Other debts +€133,300
up €133,300 (+2836.2%), from €4,700 to €138,000
- Profit (loss) carried forward -€56,944
down €56,944 (-33.0%), from €172,404 to €115,460
- Debts after one year -€28,840
down €28,840 (-9.5%), from €303,738 to €274,898
- Gross operating margin +€23,926
up €23,926 (+21.3%), from €112,340 to €136,266
- Financial charges +€3,412
up €3,412 (+26.1%), from €13,051 to €16,463
- Taxes +€2,698
up €2,698 (+13.6%), from €19,894 to €22,592
- Financial income -€2,341
down €2,341 (-75.3%), from €3,107 to €766
of which Non-recurring financial income: -€2,215
- Depreciation +€1,620
up €1,620 (+12.5%), from €12,911 to €14,531
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 | €518,411 | €569,089 | +€50,678 | +9.8% |
| Fixed assets | 21/28 | €400,169 | €389,899 | -€10,270 | -2.6% |
| Tangible fixed assets | 22/27 | €400,169 | €389,899 | -€10,270 | -2.6% |
| Land and buildings | 22 | €394,794 | €384,474 | -€10,320 | -2.6% |
| Plant, machinery and equipment | 23 | €1,062 | €967 | -€95 | -9.0% |
| Furniture and vehicles | 24 | €3,850 | €4,154 | +€304 | +7.9% |
| Other tangible fixed assets | 26 | €462 | €304 | -€158 | -34.2% |
| Current assets | 29/58 | €118,242 | €179,190 | +€60,948 | +51.5% |
| Amounts receivable within one year | 40/41 | €54,307 | €4,012 | -€50,295 | -92.6% |
| Trade receivables | 40 | €11,348 | €299 | -€11,049 | -97.4% |
| Other amounts receivable | 41 | €42,959 | €3,713 | -€39,246 | -91.4% |
| Cash at bank and in hand | 54/58 | €63,773 | €174,050 | +€110,277 | +172.9% |
| Deferred charges and accrued income | 490/1 | €163 | €1,128 | +€965 | +592.7% |
| Total equity and liabilities | 10/49 | €518,411 | €569,089 | +€50,678 | +9.8% |
| Equity | 10/15 | €181,678 | €124,733 | -€56,945 | -31.3% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Revaluation surpluses | 12 | €7,273 | €7,273 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €172,404 | €115,460 | -€56,944 | -33.0% |
| Amounts payable | 17/49 | €336,733 | €444,356 | +€107,623 | +32.0% |
| Amounts payable after more than one year | 17 | €303,738 | €274,898 | -€28,840 | -9.5% |
| Financial debts | 170/4 | €303,738 | €274,898 | -€28,840 | -9.5% |
| Amounts payable within one year | 42/48 | €32,936 | €168,883 | +€135,947 | +412.8% |
| Current portion of amounts payable after more than one year | 42 | €17,328 | €20,281 | +€2,953 | +17.0% |
| Trade debts | 44 | €2,366 | €3,832 | +€1,466 | +62.0% |
| Suppliers | 440/4 | €2,366 | €3,832 | +€1,466 | +62.0% |
| Taxes, remuneration and social security | 45 | €8,542 | €6,770 | -€1,772 | -20.7% |
| Taxes | 450/3 | €8,542 | €6,770 | -€1,772 | -20.7% |
| Other amounts payable | 47/48 | €4,700 | €138,000 | +€133,300 | +2836.2% |
| Accrued charges and deferred income | 492/3 | €59 | €575 | +€516 | +870.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,911 | €14,531 | +€1,620 | +12.5% |
| Other operating charges | 640/8 | €3,329 | €2,390 | -€939 | -28.2% |
| Gross operating margin | 9900 | €112,340 | €136,266 | +€23,926 | +21.3% |
| Operating profit (loss) | 9901 | €96,100 | €119,345 | +€23,245 | +24.2% |
| Financial income | 75/76B | €3,107 | €766 | -€2,341 | -75.3% |
| Recurring financial income | 75 | €891 | €766 | -€125 | -14.0% |
| Non-recurring financial income | 76B | €2,215 | - | -€2,215 | |
| Financial charges | 65/66B | €13,051 | €16,463 | +€3,412 | +26.1% |
| Recurring financial charges | 65 | €13,051 | €16,463 | +€3,412 | +26.1% |
| Profit (loss) for the period before taxes | 9903 | €86,156 | €103,648 | +€17,492 | +20.3% |
| Income taxes | 67/77 | €19,894 | €22,592 | +€2,698 | +13.6% |
| Profit (loss) for the period | 9904 | €66,261 | €81,056 | +€14,795 | +22.3% |
| Profit (loss) for the period to be appropriated | 9905 | €66,261 | €81,056 | +€14,795 | +22.3% |
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 4 October 2026 via checked.be.