EDWIN 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.
EDWIN JACOBS
Largest movements
- Receivables within one year +€785,002
up €785,002 (+1033.5%), from €75,955 to €860,958
of which Other amounts receivable: +€846,458
- Tangible fixed assets +€760,786
up €760,786 (+107.7%), from €706,497 to €1.5m
of which Land and buildings: +€758,735
- Cash +€56,708
up €56,708 (+17.7%), from €320,697 to €377,405
mainly Trade debts (+€789,043) and Debts after one year (+€558,235)
- Trade debts +€789,043
up €789,043 (+14145.2%), from €5,578 to €794,621
- Debts after one year +€558,235
up €558,235 (+405.0%), from €137,826 to €696,061
- Reserves +€191,920
up €191,920 (+13.4%), from €1.4m to €1.6m
- Other debts +€44,238
up €44,238 (+328.8%), from €13,454 to €57,692
- Gross operating margin +€48,691
up €48,691 (+18.6%), from €262,479 to €311,170
- Financial income -€45,364
down €45,364 (-78.1%), from €58,075 to €12,711
- Financial charges -€4,172
down €4,172 (-30.0%), from €13,888 to €9,716
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 | €1,673,287 | €3,275,242 | +€1.6m | +95.7% |
| Fixed assets | 21/28 | €738,377 | €1,498,460 | +€760,084 | +102.9% |
| Tangible fixed assets | 22/27 | €706,497 | €1,467,283 | +€760,786 | +107.7% |
| Land and buildings | 22 | €700,113 | €1,458,849 | +€758,735 | +108.4% |
| Plant, machinery and equipment | 23 | - | €4,891 | +€4,891 | |
| Furniture and vehicles | 24 | €6,383 | €3,543 | -€2,840 | -44.5% |
| Financial fixed assets | 28 | €31,880 | €31,178 | -€702 | -2.2% |
| Current assets | 29/58 | €934,910 | €1,776,782 | +€841,872 | +90.0% |
| Amounts receivable within one year | 40/41 | €75,955 | €860,958 | +€785,002 | +1033.5% |
| Trade receivables | 40 | €75,955 | €14,500 | -€61,455 | -80.9% |
| Other amounts receivable | 41 | - | €846,458 | +€846,458 | |
| Current investments | 50/53 | €534,722 | €536,388 | +€1,665 | +0.3% |
| Cash at bank and in hand | 54/58 | €320,697 | €377,405 | +€56,708 | +17.7% |
| Deferred charges and accrued income | 490/1 | €3,535 | €2,031 | -€1,503 | -42.5% |
| Total equity and liabilities | 10/49 | €1,673,287 | €3,275,242 | +€1.6m | +95.7% |
| Equity | 10/15 | €1,443,539 | €1,635,459 | +€191,920 | +13.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €1,431,139 | €1,623,059 | +€191,920 | +13.4% |
| Distributable reserves | 133 | €1,431,139 | €1,623,059 | +€191,920 | +13.4% |
| Amounts payable | 17/49 | €229,748 | €1,639,783 | +€1.4m | +613.7% |
| Amounts payable after more than one year | 17 | €137,826 | €696,061 | +€558,235 | +405.0% |
| Financial debts | 170/4 | €137,826 | €696,061 | +€558,235 | +405.0% |
| Amounts payable within one year | 42/48 | €91,922 | €943,722 | +€851,800 | +926.7% |
| Current portion of amounts payable after more than one year | 42 | €18,634 | €40,038 | +€21,403 | +114.9% |
| Financial debts | 43 | €20,699 | €22,313 | +€1,614 | +7.8% |
| Credit institutions | 430/8 | €20,699 | €22,313 | +€1,614 | +7.8% |
| Trade debts | 44 | €5,578 | €794,621 | +€789,043 | +14145.2% |
| Suppliers | 440/4 | €5,578 | €794,621 | +€789,043 | +14145.2% |
| Taxes, remuneration and social security | 45 | €33,556 | €29,058 | -€4,498 | -13.4% |
| Taxes | 450/3 | €33,556 | €29,058 | -€4,498 | -13.4% |
| Other amounts payable | 47/48 | €13,454 | €57,692 | +€44,238 | +328.8% |
| Non-recurring operating income | 76A | - | €7,822 | +€7,822 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,609 | €28,036 | +€427 | +1.5% |
| Other operating charges | 640/8 | €6,640 | €9,365 | +€2,724 | +41.0% |
| Gross operating margin | 9900 | €262,479 | €311,170 | +€48,691 | +18.6% |
| Operating profit (loss) | 9901 | €228,230 | €273,769 | +€45,540 | +20.0% |
| Financial income | 75/76B | €58,075 | €12,711 | -€45,364 | -78.1% |
| Recurring financial income | 75 | €58,075 | €12,711 | -€45,364 | -78.1% |
| Financial charges | 65/66B | €13,888 | €9,716 | -€4,172 | -30.0% |
| Recurring financial charges | 65 | €13,888 | €9,716 | -€4,172 | -30.0% |
| Profit (loss) for the period before taxes | 9903 | €272,416 | €276,764 | +€4,347 | +1.6% |
| Income taxes | 67/77 | €86,132 | €84,843 | -€1,289 | -1.5% |
| Profit (loss) for the period | 9904 | €186,284 | €191,920 | +€5,636 | +3.0% |
| Profit (loss) for the period to be appropriated | 9905 | €186,284 | €191,920 | +€5,636 | +3.0% |
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.