FRANCOIS 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.
FRANCOIS JACOBS
Largest movements
- Tangible fixed assets +€20,825
up €20,825 (+85.3%), from €24,425 to €45,249
- Receivables within one year -€11,587
down €11,587 (-11.9%), from €97,335 to €85,748
of which Other amounts receivable: -€10,873
- Short-term financial debts +€7,911
new in 2025: €7,911
- Reserves +€6,495
up €6,495 (+3.8%), from €172,363 to €178,858
- Debts after one year -€3,280
down €3,280 (-5.3%), from €62,318 to €59,038
of which Other amounts payable: -€36,000
- Gross operating margin -€10,361
down €10,361 (-36.5%), from €28,397 to €18,036
- Depreciation -€10,293
down €10,293 (-93.4%), from €11,024 to €731
- Financial charges +€3,036
up €3,036 (+180.8%), from €1,679 to €4,715
- Financial income -€1,444
down €1,444 (-38.2%), from €3,780 to €2,336
- Other operating charges +€1,294
up €1,294 (+106.8%), from €1,212 to €2,506
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 | €304,767 | €313,292 | +€8,526 | +2.8% |
| Fixed assets | 21/28 | €204,502 | €225,327 | +€20,825 | +10.2% |
| Tangible fixed assets | 22/27 | €24,425 | €45,249 | +€20,825 | +85.3% |
| Furniture and vehicles | 24 | €24,425 | €45,249 | +€20,825 | +85.3% |
| Financial fixed assets | 28 | €180,077 | €180,077 | = | 0.0% |
| Current assets | 29/58 | €100,264 | €87,965 | -€12,299 | -12.3% |
| Amounts receivable within one year | 40/41 | €97,335 | €85,748 | -€11,587 | -11.9% |
| Trade receivables | 40 | €714 | - | -€714 | |
| Other amounts receivable | 41 | €96,621 | €85,748 | -€10,873 | -11.3% |
| Cash at bank and in hand | 54/58 | €1,315 | - | -€1,315 | |
| Deferred charges and accrued income | 490/1 | €1,614 | €2,218 | +€603 | +37.4% |
| Total equity and liabilities | 10/49 | €304,767 | €313,292 | +€8,526 | +2.8% |
| Equity | 10/15 | €190,963 | €197,458 | +€6,495 | +3.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €172,363 | €178,858 | +€6,495 | +3.8% |
| Distributable reserves | 133 | €172,363 | €178,858 | +€6,495 | +3.8% |
| Amounts payable | 17/49 | €113,804 | €115,834 | +€2,031 | +1.8% |
| Amounts payable after more than one year | 17 | €62,318 | €59,038 | -€3,280 | -5.3% |
| Financial debts | 170/4 | €26,318 | €59,038 | +€32,720 | +124.3% |
| Other amounts payable | 178/9 | €36,000 | - | -€36,000 | |
| Amounts payable within one year | 42/48 | €51,485 | €56,796 | +€5,311 | +10.3% |
| Current portion of amounts payable after more than one year | 42 | €25,636 | €22,942 | -€2,694 | -10.5% |
| Financial debts | 43 | - | €7,911 | +€7,911 | |
| Credit institutions | 430/8 | - | €7,911 | +€7,911 | |
| Trade debts | 44 | €4,843 | €4,799 | -€44 | -0.9% |
| Suppliers | 440/4 | €4,843 | €4,799 | -€44 | -0.9% |
| Taxes, remuneration and social security | 45 | €14,439 | €13,420 | -€1,018 | -7.1% |
| Taxes | 450/3 | €14,439 | €13,420 | -€1,018 | -7.1% |
| Other amounts payable | 47/48 | €6,568 | €7,724 | +€1,156 | +17.6% |
| Non-recurring operating income | 76A | - | €1,003 | +€1,003 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,024 | €731 | -€10,293 | -93.4% |
| Other operating charges | 640/8 | €1,212 | €2,506 | +€1,294 | +106.8% |
| Non-recurring operating charges | 66A | - | €770 | +€770 | |
| Gross operating margin | 9900 | €28,397 | €18,036 | -€10,361 | -36.5% |
| Operating profit (loss) | 9901 | €16,161 | €14,030 | -€2,131 | -13.2% |
| Financial income | 75/76B | €3,780 | €2,336 | -€1,444 | -38.2% |
| Recurring financial income | 75 | €3,780 | €2,336 | -€1,444 | -38.2% |
| Financial charges | 65/66B | €1,679 | €4,715 | +€3,036 | +180.8% |
| Recurring financial charges | 65 | €1,679 | €4,715 | +€3,036 | +180.8% |
| Profit (loss) for the period before taxes | 9903 | €18,262 | €11,651 | -€6,611 | -36.2% |
| Income taxes | 67/77 | €6,264 | €5,156 | -€1,108 | -17.7% |
| Profit (loss) for the period | 9904 | €11,998 | €6,495 | -€5,503 | -45.9% |
| Profit (loss) for the period to be appropriated | 9905 | €11,998 | €6,495 | -€5,503 | -45.9% |
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 8 October 2026 via checked.be.