Erni JACOBS: what changed
Two fiscal 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.
Erni JACOBS
Largest movements
- Receivables within one year -€66,936
down €66,936 (-15.4%), from €435,094 to €368,158
of which Trade receivables: -€65,631
- Cash +€36,102
up €36,102 (+275.3%), from €13,114 to €49,216
mainly Receivables within one year (+€66,936) and Trade debts (+€24,095)
- Profit (loss) carried forward -€42,337
down €42,337 (-81.1%), from -€52,231 to -€94,568
- Trade debts +€24,095
up €24,095 (+8.0%), from €300,062 to €324,157
- Gross operating margin +€54,572
up €54,572, from -€41,996 to €12,577
- Write-downs +€18,611
new in 2025: €18,611
- Financial charges +€11,199
up €11,199 (+66.1%), from €16,935 to €28,134
- Other operating charges +€944
up €944 (+135.1%), from €698 to €1,642
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 | €728,223 | €698,948 | -€29,274 | -4.0% |
| Fixed assets | 21/28 | €18,430 | €15,704 | -€2,726 | -14.8% |
| Tangible fixed assets | 22/27 | €18,070 | €15,344 | -€2,726 | -15.1% |
| Land and buildings | 22 | €14,879 | €12,913 | -€1,966 | -13.2% |
| Plant, machinery and equipment | 23 | €3,190 | €2,430 | -€760 | -23.8% |
| Financial fixed assets | 28 | €360 | €360 | = | 0.0% |
| Current assets | 29/58 | €709,793 | €683,245 | -€26,548 | -3.7% |
| Stocks and contracts in progress | 3 | €261,277 | €261,408 | +€131 | +0.1% |
| Stocks | 30/36 | €261,277 | €261,408 | +€131 | +0.1% |
| Amounts receivable within one year | 40/41 | €435,094 | €368,158 | -€66,936 | -15.4% |
| Trade receivables | 40 | €424,169 | €358,538 | -€65,631 | -15.5% |
| Other amounts receivable | 41 | €10,925 | €9,620 | -€1,305 | -11.9% |
| Cash at bank and in hand | 54/58 | €13,114 | €49,216 | +€36,102 | +275.3% |
| Deferred charges and accrued income | 490/1 | €308 | €4,463 | +€4,154 | +1347.7% |
| Total equity and liabilities | 10/49 | €728,223 | €698,948 | -€29,274 | -4.0% |
| Equity | 10/15 | €63,709 | €21,372 | -€42,337 | -66.5% |
| Contributions | 10/11 | €18,750 | €18,750 | = | 0.0% |
| Reserves | 13 | €97,190 | €97,190 | = | 0.0% |
| Tax-exempt reserves | 132 | €39,283 | €39,283 | = | 0.0% |
| Distributable reserves | 133 | €57,907 | €57,907 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€52,231 | -€94,568 | -€42,337 | -81.1% |
| Amounts payable | 17/49 | €664,513 | €677,576 | +€13,063 | +2.0% |
| Amounts payable within one year | 42/48 | €663,182 | €676,453 | +€13,271 | +2.0% |
| Financial debts | 43 | €125,122 | €125,344 | +€222 | +0.2% |
| Credit institutions | 430/8 | €125,000 | €125,000 | = | 0.0% |
| Other loans | 439 | €122 | €344 | +€222 | +182.5% |
| Trade debts | 44 | €300,062 | €324,157 | +€24,095 | +8.0% |
| Suppliers | 440/4 | €300,062 | €324,157 | +€24,095 | +8.0% |
| Taxes, remuneration and social security | 45 | €17,463 | €12,529 | -€4,934 | -28.3% |
| Taxes | 450/3 | €7,820 | €3,048 | -€4,772 | -61.0% |
| Remuneration and social security | 454/9 | €9,643 | €9,481 | -€163 | -1.7% |
| Other amounts payable | 47/48 | €220,535 | €214,423 | -€6,112 | -2.8% |
| Accrued charges and deferred income | 492/3 | €1,332 | €1,124 | -€208 | -15.6% |
| Remuneration, social security and pensions | 62 | €4,624 | €4,298 | -€326 | -7.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,823 | €2,726 | -€97 | -3.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €18,611 | +€18,611 | |
| Other operating charges | 640/8 | €698 | €1,642 | +€944 | +135.1% |
| Gross operating margin | 9900 | -€41,996 | €12,577 | +€54,572 | |
| Operating profit (loss) | 9901 | -€50,141 | -€14,701 | +€35,440 | +70.7% |
| Financial income | 75/76B | €244 | €639 | +€395 | +161.9% |
| Recurring financial income | 75 | €244 | €639 | +€395 | +161.9% |
| Financial charges | 65/66B | €16,935 | €28,134 | +€11,199 | +66.1% |
| Recurring financial charges | 65 | €16,935 | €28,134 | +€11,199 | +66.1% |
| Profit (loss) for the period before taxes | 9903 | -€66,832 | -€42,196 | +€24,636 | +36.9% |
| Income taxes | 67/77 | €140 | €141 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€66,972 | -€42,337 | +€24,635 | +36.8% |
| Profit (loss) for the period to be appropriated | 9905 | -€66,972 | -€42,337 | +€24,635 | +36.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.