CEDRIC JACOBY: 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.
CEDRIC JACOBY
Largest movements
- Cash +€25,477
up €25,477 (+203.6%), from €12,511 to €37,988
mainly Net result for the year (+€23,454) and Depreciation (+€4,884)
- Receivables within one year -€4,264
down €4,264 (-27.1%), from €15,729 to €11,465
of which Trade receivables: -€5,036
- Deferred charges and accrued income +€2,649
up €2,649 (+725.3%), from €365 to €3,014
- Tangible fixed assets -€1,483
down €1,483 (-8.4%), from €17,681 to €16,198
of which Furniture and vehicles: -€3,085
- Profit (loss) carried forward +€13,454
up €13,454 (+151.0%), from €8,911 to €22,365
- Reserves +€10,000
up €10,000 (+108.5%), from €9,216 to €19,216
- Trade debts -€1,678
down €1,678 (-43.0%), from €3,906 to €2,228
- Other debts +€1,022
up €1,022 (+18.1%), from €5,654 to €6,676
- Gross operating margin +€21,357
up €21,357 (+123.0%), from €17,357 to €38,715
- Taxes +€4,047
up €4,047 (+115.3%), from €3,509 to €7,556
- Depreciation +€1,283
up €1,283 (+35.6%), from €3,601 to €4,884
- Write-downs +€472
new in 2025: €472
- Other operating charges -€432
down €432 (-24.3%), from €1,777 to €1,345
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 | €49,123 | €71,736 | +€22,613 | +46.0% |
| Fixed assets | 21/28 | €19,481 | €17,998 | -€1,483 | -7.6% |
| Tangible fixed assets | 22/27 | €17,681 | €16,198 | -€1,483 | -8.4% |
| Plant, machinery and equipment | 23 | €2,081 | €3,813 | +€1,732 | +83.3% |
| Furniture and vehicles | 24 | €14,681 | €11,596 | -€3,085 | -21.0% |
| Other tangible fixed assets | 26 | €920 | €789 | -€131 | -14.2% |
| Financial fixed assets | 28 | €1,800 | €1,800 | = | 0.0% |
| Current assets | 29/58 | €29,641 | €53,737 | +€24,096 | +81.3% |
| Stocks and contracts in progress | 3 | €1,036 | €1,270 | +€234 | +22.6% |
| Stocks | 30/36 | €1,036 | €1,270 | +€234 | +22.6% |
| Amounts receivable within one year | 40/41 | €15,729 | €11,465 | -€4,264 | -27.1% |
| Trade receivables | 40 | €13,261 | €8,224 | -€5,036 | -38.0% |
| Other amounts receivable | 41 | €2,468 | €3,241 | +€772 | +31.3% |
| Cash at bank and in hand | 54/58 | €12,511 | €37,988 | +€25,477 | +203.6% |
| Deferred charges and accrued income | 490/1 | €365 | €3,014 | +€2,649 | +725.3% |
| Total equity and liabilities | 10/49 | €49,123 | €71,736 | +€22,613 | +46.0% |
| Equity | 10/15 | €36,727 | €60,181 | +€23,454 | +63.9% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €9,216 | €19,216 | +€10,000 | +108.5% |
| Distributable reserves | 133 | €9,216 | €19,216 | +€10,000 | +108.5% |
| Profit (loss) carried forward | 14 | €8,911 | €22,365 | +€13,454 | +151.0% |
| Amounts payable | 17/49 | €12,396 | €11,555 | -€841 | -6.8% |
| Amounts payable within one year | 42/48 | €12,396 | €11,555 | -€841 | -6.8% |
| Trade debts | 44 | €3,906 | €2,228 | -€1,678 | -43.0% |
| Suppliers | 440/4 | €3,906 | €2,228 | -€1,678 | -43.0% |
| Taxes, remuneration and social security | 45 | €2,836 | €2,650 | -€186 | -6.5% |
| Taxes | 450/3 | €2,836 | €2,650 | -€186 | -6.5% |
| Other amounts payable | 47/48 | €5,654 | €6,676 | +€1,022 | +18.1% |
| Remuneration, social security and pensions | 62 | €217 | €618 | +€401 | +184.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,601 | €4,884 | +€1,283 | +35.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €472 | +€472 | |
| Other operating charges | 640/8 | €1,777 | €1,345 | -€432 | -24.3% |
| Non-recurring operating charges | 66A | - | €465 | +€465 | |
| Gross operating margin | 9900 | €17,357 | €38,715 | +€21,357 | +123.0% |
| Operating profit (loss) | 9901 | €11,762 | €30,930 | +€19,168 | +163.0% |
| Financial income | 75/76B | €86 | €174 | +€89 | +103.2% |
| Recurring financial income | 75 | €86 | €174 | +€89 | +103.2% |
| Financial charges | 65/66B | -€17 | €94 | +€111 | |
| Recurring financial charges | 65 | -€17 | €94 | +€111 | |
| Profit (loss) for the period before taxes | 9903 | €11,865 | €31,010 | +€19,145 | +161.4% |
| Income taxes | 67/77 | €3,509 | €7,556 | +€4,047 | +115.3% |
| Profit (loss) for the period | 9904 | €8,356 | €23,454 | +€15,098 | +180.7% |
| Profit (loss) for the period to be appropriated | 9905 | €8,356 | €23,454 | +€15,098 | +180.7% |
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 12 October 2026 via checked.be.