Dr. Jacobs Brecht: 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.
Dr. Jacobs Brecht
Largest movements
- Current investments +€50,000
new in 2025: €50,000
- Deferred charges and accrued income +€32,829
up €32,829 (+833.7%), from €3,938 to €36,767
- Cash -€14,848
down €14,848 (-33.3%), from €44,586 to €29,739
mainly Current investments (-€50,000) and Deferred charges and accrued income (-€32,829)
- Tangible fixed assets +€3,300
up €3,300 (+515.0%), from €641 to €3,941
of which Other tangible fixed assets: +€3,726
- Reserves +€56,133
up €56,133 (+187.6%), from €29,920 to €86,053
- Tax, wage and social debts +€8,500
up €8,500 (+121.4%), from €7,000 to €15,500
- Other debts +€3,982
up €3,982 (+37.9%), from €10,495 to €14,477
- Trade debts +€2,665
up €2,665, from €0 to €2,665
- Gross operating margin +€42,991
up €42,991 (+133.6%), from €32,190 to €75,181
- Taxes +€8,441
up €8,441 (+125.0%), from €6,754 to €15,195
- Financial charges +€816
up €816 (+52.8%), from €1,547 to €2,363
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 | €49,165 | €120,447 | +€71,282 | +145.0% |
| Fixed assets | 21/28 | €641 | €3,941 | +€3,300 | +515.0% |
| Tangible fixed assets | 22/27 | €641 | €3,941 | +€3,300 | +515.0% |
| Furniture and vehicles | 24 | €641 | €216 | -€425 | -66.4% |
| Other tangible fixed assets | 26 | - | €3,726 | +€3,726 | |
| Current assets | 29/58 | €48,524 | €116,506 | +€67,982 | +140.1% |
| Current investments | 50/53 | - | €50,000 | +€50,000 | |
| Cash at bank and in hand | 54/58 | €44,586 | €29,739 | -€14,848 | -33.3% |
| Deferred charges and accrued income | 490/1 | €3,938 | €36,767 | +€32,829 | +833.7% |
| Total equity and liabilities | 10/49 | €49,165 | €120,447 | +€71,282 | +145.0% |
| Equity | 10/15 | €30,920 | €87,053 | +€56,133 | +181.5% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €29,920 | €86,053 | +€56,133 | +187.6% |
| Distributable reserves | 133 | €29,920 | €86,053 | +€56,133 | +187.6% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €18,245 | €33,394 | +€15,149 | +83.0% |
| Amounts payable within one year | 42/48 | €17,495 | €32,643 | +€15,148 | +86.6% |
| Trade debts | 44 | €0 | €2,665 | +€2,665 | |
| Suppliers | 440/4 | €0 | €2,665 | +€2,665 | |
| Taxes, remuneration and social security | 45 | €7,000 | €15,500 | +€8,500 | +121.4% |
| Taxes | 450/3 | €7,000 | €15,500 | +€8,500 | +121.4% |
| Other amounts payable | 47/48 | €10,495 | €14,477 | +€3,982 | +37.9% |
| Accrued charges and deferred income | 492/3 | €750 | €752 | +€2 | +0.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €425 | €940 | +€515 | +121.0% |
| Other operating charges | 640/8 | €510 | €552 | +€42 | +8.2% |
| Gross operating margin | 9900 | €32,190 | €75,181 | +€42,991 | +133.6% |
| Operating profit (loss) | 9901 | €31,254 | €73,688 | +€42,434 | +135.8% |
| Financial income | 75/76B | - | €3 | +€3 | |
| Recurring financial income | 75 | - | €3 | +€3 | |
| Financial charges | 65/66B | €1,547 | €2,363 | +€816 | +52.8% |
| Recurring financial charges | 65 | €1,547 | €2,363 | +€816 | +52.8% |
| Profit (loss) for the period before taxes | 9903 | €29,707 | €71,328 | +€41,621 | +140.1% |
| Income taxes | 67/77 | €6,754 | €15,195 | +€8,441 | +125.0% |
| Profit (loss) for the period | 9904 | €22,953 | €56,133 | +€33,180 | +144.6% |
| Profit (loss) for the period to be appropriated | 9905 | €22,953 | €56,133 | +€33,180 | +144.6% |
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 10 October 2026 via checked.be.