ELEKTRO 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.
ELEKTRO JACOBS
Largest movements
- Cash +€418,358
up €418,358 (+55.7%), from €750,643 to €1.2m
mainly Net result for the year (+€257,323) and Receivables within one year (+€232,238)
- Receivables within one year -€232,238
down €232,238 (-50.8%), from €457,281 to €225,043
of which Trade receivables: -€231,084
- Stocks and contracts +€201,107
up €201,107 (+157%), from €127,832 to €328,939
- Tangible fixed assets -€39,591
down €39,591 (-5.2%), from €761,887 to €722,296
of which Land and buildings: -€27,630
- Profit (loss) carried forward +€257,323
up €257,323 (+23.7%), from €1.1m to €1.3m
- Reserves +€95,840
up €95,840 (+66.4%), from €144,254 to €240,094
of which Distributable reserves: +€95,840
- Debts after one year -€46,038
down €46,038 (-27.3%), from €168,613 to €122,575
- Accrued charges and deferred income +€28,861
up €28,861 (+10.9%), from €263,701 to €292,562
- Gross operating margin +€412,195
new in 2025: €412,195
- Taxes +€89,687
new in 2025: €89,687
- Depreciation +€22,059
new in 2025: €22,059
- Financial charges +€21,670
new in 2025: €21,670
- Staff costs +€20,458
new in 2025: €20,458
From the 2024 result to the 2025 result
The net result is not in both sets of accounts; without it the difference cannot be explained line by line.
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 | €2,098,192 | €2,445,828 | +€347,636 | +16.6% |
| Fixed assets | 21/28 | €761,887 | €722,296 | -€39,591 | -5.2% |
| Tangible fixed assets | 22/27 | €761,887 | €722,296 | -€39,591 | -5.2% |
| Land and buildings | 22 | €733,846 | €706,216 | -€27,630 | -3.8% |
| Plant, machinery and equipment | 23 | €25,040 | €13,440 | -€11,600 | -46.3% |
| Furniture and vehicles | 24 | €1,050 | €1,700 | +€650 | +61.9% |
| Other tangible fixed assets | 26 | €1,951 | €940 | -€1,011 | -51.8% |
| Current assets | 29/58 | €1,336,306 | €1,723,532 | +€387,226 | +29.0% |
| Stocks and contracts in progress | 3 | €127,832 | €328,939 | +€201,107 | +157% |
| Stocks | 30/36 | €127,832 | €328,939 | +€201,107 | +157% |
| Amounts receivable within one year | 40/41 | €457,281 | €225,043 | -€232,238 | -50.8% |
| Trade receivables | 40 | €456,127 | €225,043 | -€231,084 | -50.7% |
| Other amounts receivable | 41 | €1,153 | - | -€1,153 | |
| Cash at bank and in hand | 54/58 | €750,643 | €1,169,000 | +€418,358 | +55.7% |
| Deferred charges and accrued income | 490/1 | €550 | €550 | = | 0.0% |
| Total equity and liabilities | 10/49 | €2,098,192 | €2,445,828 | +€347,636 | +16.6% |
| Equity | 10/15 | €1,251,176 | €1,604,340 | +€353,163 | +28.2% |
| Contributions | 10/11 | €19,000 | €19,000 | = | 0.0% |
| Reserves | 13 | €144,254 | €240,094 | +€95,840 | +66.4% |
| Non-distributable reserves | 130/1 | €8,841 | €8,841 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,900 | €1,900 | = | 0.0% |
| Other | 1319 | €6,941 | €6,941 | = | 0.0% |
| Distributable reserves | 133 | €135,413 | €231,253 | +€95,840 | +70.8% |
| Profit (loss) carried forward | 14 | €1,087,922 | €1,345,245 | +€257,323 | +23.7% |
| Amounts payable | 17/49 | €847,016 | €841,489 | -€5,527 | -0.7% |
| Amounts payable after more than one year | 17 | €168,613 | €122,575 | -€46,038 | -27.3% |
| Financial debts | 170/4 | €168,613 | €122,575 | -€46,038 | -27.3% |
| Amounts payable within one year | 42/48 | €414,702 | €426,351 | +€11,649 | +2.8% |
| Current portion of amounts payable after more than one year | 42 | €21,801 | €23,435 | +€1,634 | +7.5% |
| Financial debts | 43 | €6,667 | €20,000 | +€13,333 | +200% |
| Credit institutions | 430/8 | €6,667 | €20,000 | +€13,333 | +200% |
| Trade debts | 44 | €17,631 | €15,593 | -€2,039 | -11.6% |
| Suppliers | 440/4 | €17,631 | €15,593 | -€2,039 | -11.6% |
| Advances received on contracts in progress | 46 | €30,000 | €40,000 | +€10,000 | +33.3% |
| Taxes, remuneration and social security | 45 | €55,403 | €33,799 | -€21,603 | -39.0% |
| Taxes | 450/3 | €47,467 | €32,371 | -€15,096 | -31.8% |
| Remuneration and social security | 454/9 | €7,936 | €1,428 | -€6,508 | -82.0% |
| Other amounts payable | 47/48 | €283,200 | €293,524 | +€10,324 | +3.6% |
| Accrued charges and deferred income | 492/3 | €263,701 | €292,562 | +€28,861 | +10.9% |
| Remuneration, social security and pensions | 62 | - | €20,458 | +€20,458 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €22,059 | +€22,059 | |
| Other operating charges | 640/8 | - | €9,520 | +€9,520 | |
| Gross operating margin | 9900 | - | €412,195 | +€412,195 | |
| Operating profit (loss) | 9901 | - | €360,158 | +€360,158 | |
| Financial income | 75/76B | - | €8,522 | +€8,522 | |
| Recurring financial income | 75 | - | €8,522 | +€8,522 | |
| Financial charges | 65/66B | - | €21,670 | +€21,670 | |
| Recurring financial charges | 65 | - | €21,670 | +€21,670 | |
| Profit (loss) for the period before taxes | 9903 | - | €347,010 | +€347,010 | |
| Income taxes | 67/77 | - | €89,687 | +€89,687 | |
| Profit (loss) for the period | 9904 | - | €257,323 | +€257,323 | |
| Profit (loss) for the period to be appropriated | 9905 | - | €257,323 | +€257,323 |
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 24 October 2026 via checked.be.