Dr. Jan 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.
Dr. Jan Jacobs
Largest movements
- Cash +€266,096
up €266,096 (+86.0%), from €309,279 to €575,375
mainly Net result for the year (+€558,073) and Receivables within one year (+€118,490)
- Receivables within one year -€118,490
down €118,490 (-15.5%), from €764,780 to €646,290
of which Other amounts receivable: -€122,491
- Tangible fixed assets -€60,071
down €60,071 (-5.8%), from €1.0m to €982,168
of which Furniture and vehicles: -€37,555
- Tax, wage and social debts +€104,579
up €104,579 (+103%), from €101,631 to €206,211
- Reserves +€28,551
up €28,551 (+1.4%), from €2.0m to €2.0m
- Debts after one year -€27,904
down €27,904 (-50.5%), from €55,238 to €27,334
- Gross operating margin +€106,834
up €106,834 (+14.0%), from €764,888 to €871,722
- Taxes +€52,964
up €52,964 (+24.4%), from €217,002 to €269,966
- Other operating charges -€14,048
down €14,048 (-82.1%), from €17,111 to €3,063
- Depreciation +€12,480
up €12,480 (+24.6%), from €50,729 to €63,209
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.
Derived cash bridge
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 | €2,194,535 | €2,284,381 | +€89,846 | +4.1% |
| Fixed assets | 21/28 | €1,113,691 | €1,053,620 | -€60,071 | -5.4% |
| Tangible fixed assets | 22/27 | €1,042,239 | €982,168 | -€60,071 | -5.8% |
| Land and buildings | 22 | €782,549 | €775,424 | -€7,125 | -0.9% |
| Plant, machinery and equipment | 23 | €75,715 | €60,324 | -€15,391 | -20.3% |
| Furniture and vehicles | 24 | €183,974 | €146,419 | -€37,555 | -20.4% |
| Financial fixed assets | 28 | €71,453 | €71,453 | = | 0.0% |
| Current assets | 29/58 | €1,080,844 | €1,230,761 | +€149,917 | +13.9% |
| Amounts receivable within one year | 40/41 | €764,780 | €646,290 | -€118,490 | -15.5% |
| Trade receivables | 40 | - | €4,000 | +€4,000 | |
| Other amounts receivable | 41 | €764,780 | €642,289 | -€122,491 | -16.0% |
| Cash at bank and in hand | 54/58 | €309,279 | €575,375 | +€266,096 | +86.0% |
| Deferred charges and accrued income | 490/1 | €6,785 | €9,096 | +€2,311 | +34.1% |
| Total equity and liabilities | 10/49 | €2,194,535 | €2,284,381 | +€89,846 | +4.1% |
| Equity | 10/15 | €1,992,158 | €2,020,709 | +€28,551 | +1.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,979,758 | €2,008,309 | +€28,551 | +1.4% |
| Distributable reserves | 133 | €1,979,758 | €2,008,309 | +€28,551 | +1.4% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €202,378 | €263,672 | +€61,295 | +30.3% |
| Amounts payable after more than one year | 17 | €55,238 | €27,334 | -€27,904 | -50.5% |
| Financial debts | 170/4 | €55,238 | €27,334 | -€27,904 | -50.5% |
| Amounts payable within one year | 42/48 | €146,357 | €235,115 | +€88,758 | +60.6% |
| Current portion of amounts payable after more than one year | 42 | €41,622 | €27,904 | -€13,717 | -33.0% |
| Trade debts | 44 | €3,104 | €1,000 | -€2,104 | -67.8% |
| Suppliers | 440/4 | €3,104 | €1,000 | -€2,104 | -67.8% |
| Taxes, remuneration and social security | 45 | €101,631 | €206,211 | +€104,579 | +103% |
| Taxes | 450/3 | €101,631 | €206,211 | +€104,579 | +103% |
| Accrued charges and deferred income | 492/3 | €782 | €1,223 | +€441 | +56.4% |
| Non-recurring operating income | 76A | €815 | €0 | -€815 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,729 | €63,209 | +€12,480 | +24.6% |
| Other operating charges | 640/8 | €17,111 | €3,063 | -€14,048 | -82.1% |
| Gross operating margin | 9900 | €764,888 | €871,722 | +€106,834 | +14.0% |
| Operating profit (loss) | 9901 | €697,047 | €805,450 | +€108,403 | +15.6% |
| Financial income | 75/76B | €27,182 | €24,946 | -€2,237 | -8.2% |
| Recurring financial income | 75 | €27,182 | €24,946 | -€2,237 | -8.2% |
| Financial charges | 65/66B | €3,483 | €2,357 | -€1,126 | -32.3% |
| Recurring financial charges | 65 | €3,483 | €2,357 | -€1,126 | -32.3% |
| Profit (loss) for the period before taxes | 9903 | €720,747 | €828,038 | +€107,292 | +14.9% |
| Income taxes | 67/77 | €217,002 | €269,966 | +€52,964 | +24.4% |
| Profit (loss) for the period | 9904 | €503,745 | €558,073 | +€54,328 | +10.8% |
| Profit (loss) for the period to be appropriated | 9905 | €503,745 | €558,073 | +€54,328 | +10.8% |
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 16 October 2026 via checked.be.