Constant Jacobs: 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.
Constant Jacobs
Largest movements
- Receivables within one year +€150,366
up €150,366 (+45.7%), from €328,927 to €479,294
of which Trade receivables: +€113,263
- Cash +€104,680
up €104,680 (+56.1%), from €186,720 to €291,400
mainly Trade debts (+€285,160) and Net result for the year (+€101,832)
- Stocks and contracts +€91,138
up €91,138 (+22.5%), from €404,316 to €495,455
- Tangible fixed assets +€16,439
up €16,439 (+13.4%), from €123,067 to €139,507
of which Plant, machinery and equipment: +€40,419
- Trade debts +€285,160
up €285,160 (+179.3%), from €159,032 to €444,192
- Tax, wage and social debts +€38,098
up €38,098 (+41.2%), from €92,413 to €130,511
of which Remuneration and social security: +€40,127
- Other debts +€37,800
up €37,800 (+38.5%), from €98,200 to €136,000
- Gross operating margin +€300,153
up €300,153 (+60.8%), from €493,425 to €793,579
- Staff costs +€178,513
up €178,513 (+43.0%), from €415,179 to €593,692
- Write-downs +€47,926
up €47,926 (+84.6%), from -€56,668 to -€8,742
- Taxes +€22,204
up €22,204 (+113.7%), from €19,529 to €41,734
- Other operating charges -€13,142
down €13,142 (-48.8%), from €26,928 to €13,786
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 | €1,065,981 | €1,426,916 | +€360,935 | +33.9% |
| Fixed assets | 21/28 | €136,647 | €153,135 | +€16,487 | +12.1% |
| Tangible fixed assets | 22/27 | €123,067 | €139,507 | +€16,439 | +13.4% |
| Plant, machinery and equipment | 23 | €42,156 | €82,575 | +€40,419 | +95.9% |
| Furniture and vehicles | 24 | €80,912 | €56,932 | -€23,979 | -29.6% |
| Financial fixed assets | 28 | €13,580 | €13,628 | +€48 | +0.4% |
| Current assets | 29/58 | €929,334 | €1,273,782 | +€344,448 | +37.1% |
| Stocks and contracts in progress | 3 | €404,316 | €495,455 | +€91,138 | +22.5% |
| Stocks | 30/36 | €404,316 | €495,455 | +€91,138 | +22.5% |
| Amounts receivable within one year | 40/41 | €328,927 | €479,294 | +€150,366 | +45.7% |
| Trade receivables | 40 | €323,697 | €436,960 | +€113,263 | +35.0% |
| Other amounts receivable | 41 | €5,231 | €42,333 | +€37,103 | +709.4% |
| Cash at bank and in hand | 54/58 | €186,720 | €291,400 | +€104,680 | +56.1% |
| Deferred charges and accrued income | 490/1 | €9,371 | €7,634 | -€1,737 | -18.5% |
| Total equity and liabilities | 10/49 | €1,065,981 | €1,426,916 | +€360,935 | +33.9% |
| Equity | 10/15 | €602,415 | €604,247 | +€1,832 | +0.3% |
| Contributions | 10/11 | €500,000 | €500,000 | = | 0.0% |
| Capital | 10 | €500,000 | €500,000 | = | 0.0% |
| Issued capital | 100 | €500,000 | €500,000 | = | 0.0% |
| Reserves | 13 | €52,027 | €52,027 | = | 0.0% |
| Non-distributable reserves | 130/1 | €50,000 | €50,000 | = | 0.0% |
| Legal reserve | 130 | €50,000 | €50,000 | = | 0.0% |
| Distributable reserves | 133 | €2,027 | €2,027 | = | 0.0% |
| Profit (loss) carried forward | 14 | €50,389 | €52,220 | +€1,832 | +3.6% |
| Amounts payable | 17/49 | €463,566 | €822,669 | +€359,103 | +77.5% |
| Amounts payable after more than one year | 17 | €66,475 | €63,557 | -€2,919 | -4.4% |
| Financial debts | 170/4 | €66,475 | €63,557 | -€2,919 | -4.4% |
| Amounts payable within one year | 42/48 | €397,091 | €759,113 | +€362,022 | +91.2% |
| Current portion of amounts payable after more than one year | 42 | €44,062 | €41,670 | -€2,392 | -5.4% |
| Financial debts | 43 | €3,384 | €6,740 | +€3,356 | +99.2% |
| Credit institutions | 430/8 | €3,384 | €6,740 | +€3,356 | +99.2% |
| Trade debts | 44 | €159,032 | €444,192 | +€285,160 | +179.3% |
| Suppliers | 440/4 | €159,032 | €444,192 | +€285,160 | +179.3% |
| Taxes, remuneration and social security | 45 | €92,413 | €130,511 | +€38,098 | +41.2% |
| Taxes | 450/3 | €28,526 | €26,496 | -€2,029 | -7.1% |
| Remuneration and social security | 454/9 | €63,887 | €104,014 | +€40,127 | +62.8% |
| Other amounts payable | 47/48 | €98,200 | €136,000 | +€37,800 | +38.5% |
| Remuneration, social security and pensions | 62 | €415,179 | €593,692 | +€178,513 | +43.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,450 | €47,253 | +€5,803 | +14.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€56,668 | -€8,742 | +€47,926 | +84.6% |
| Other operating charges | 640/8 | €26,928 | €13,786 | -€13,142 | -48.8% |
| Gross operating margin | 9900 | €493,425 | €793,579 | +€300,153 | +60.8% |
| Operating profit (loss) | 9901 | €66,537 | €147,589 | +€81,053 | +121.8% |
| Financial income | 75/76B | €126 | €355 | +€229 | +181.8% |
| Recurring financial income | 75 | €126 | €355 | +€229 | +181.8% |
| Financial charges | 65/66B | €3,932 | €4,379 | +€446 | +11.4% |
| Recurring financial charges | 65 | €3,932 | €4,379 | +€446 | +11.4% |
| Profit (loss) for the period before taxes | 9903 | €62,730 | €143,566 | +€80,835 | +128.9% |
| Income taxes | 67/77 | €19,529 | €41,734 | +€22,204 | +113.7% |
| Profit (loss) for the period | 9904 | €43,201 | €101,832 | +€58,631 | +135.7% |
| Profit (loss) for the period to be appropriated | 9905 | €43,201 | €101,832 | +€58,631 | +135.7% |
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 11 October 2026 via checked.be.