JAACK: 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.
JAACK
Largest movements
- Tangible fixed assets -€196,821
down €196,821 (-36.9%), from €533,150 to €336,329
of which Land and buildings: -€158,826
- Receivables within one year +€114,123
up €114,123 (+320.2%), from €35,638 to €149,761
of which Other amounts receivable: +€83,514
- Debts after one year -€144,969
down €144,969 (-40.1%), from €361,242 to €216,272
- Reserves +€72,135
up €72,135 (+72.7%), from €99,190 to €171,325
of which Tax-exempt reserves: +€93,565
- Profit (loss) carried forward -€18,128
down €18,128 (-101.7%), from -€17,832 to -€35,960
- Current portion of long-term debt -€16,577
down €16,577 (-49.9%), from €33,195 to €16,619
- Other debts +€13,591
up €13,591 (+24.8%), from €54,773 to €68,364
- Gross operating margin +€51,781
up €51,781 (+48.4%), from €106,889 to €158,670
- Depreciation -€14,696
down €14,696 (-42.8%), from €34,371 to €19,675
- Staff costs -€8,849
down €8,849 (-35.1%), from €25,226 to €16,377
- Provisions +€8,267
up €8,267, from -€262 to €8,005
- Taxes -€4,820
down €4,820 (-85.9%), from €5,612 to €792
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 | €575,083 | €494,596 | -€80,487 | -14.0% |
| Fixed assets | 21/28 | €533,150 | €336,329 | -€196,821 | -36.9% |
| Tangible fixed assets | 22/27 | €533,150 | €336,329 | -€196,821 | -36.9% |
| Land and buildings | 22 | €473,853 | €315,026 | -€158,826 | -33.5% |
| Plant, machinery and equipment | 23 | €688 | €574 | -€114 | -16.6% |
| Furniture and vehicles | 24 | €44,289 | €8,181 | -€36,108 | -81.5% |
| Other tangible fixed assets | 26 | €14,319 | €12,547 | -€1,772 | -12.4% |
| Current assets | 29/58 | €41,934 | €158,267 | +€116,334 | +277.4% |
| Amounts receivable within one year | 40/41 | €35,638 | €149,761 | +€114,123 | +320.2% |
| Trade receivables | 40 | €2,978 | €33,587 | +€30,609 | +1027.9% |
| Other amounts receivable | 41 | €32,660 | €116,174 | +€83,514 | +255.7% |
| Current investments | 50/53 | €437 | €437 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €3,000 | €32 | -€2,968 | -98.9% |
| Deferred charges and accrued income | 490/1 | €2,859 | €8,037 | +€5,178 | +181.1% |
| Total equity and liabilities | 10/49 | €575,083 | €494,596 | -€80,487 | -14.0% |
| Equity | 10/15 | €87,558 | €141,564 | +€54,007 | +61.7% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €99,190 | €171,325 | +€72,135 | +72.7% |
| Tax-exempt reserves | 132 | - | €93,565 | +€93,565 | |
| Distributable reserves | 133 | €99,190 | €77,760 | -€21,430 | -21.6% |
| Profit (loss) carried forward | 14 | -€17,832 | -€35,960 | -€18,128 | -101.7% |
| Provisions and deferred taxes | 16 | €14,329 | €22,334 | +€8,005 | +55.9% |
| Provisions for liabilities and charges | 160/5 | €14,329 | €22,334 | +€8,005 | +55.9% |
| Other liabilities and charges | 164/5 | €14,329 | €22,334 | +€8,005 | +55.9% |
| Amounts payable | 17/49 | €473,197 | €330,698 | -€142,499 | -30.1% |
| Amounts payable after more than one year | 17 | €361,242 | €216,272 | -€144,969 | -40.1% |
| Financial debts | 170/4 | €361,242 | €216,272 | -€144,969 | -40.1% |
| Amounts payable within one year | 42/48 | €111,956 | €114,426 | +€2,470 | +2.2% |
| Current portion of amounts payable after more than one year | 42 | €33,195 | €16,619 | -€16,577 | -49.9% |
| Financial debts | 43 | €1,640 | €605 | -€1,036 | -63.1% |
| Credit institutions | 430/8 | €1,640 | €605 | -€1,036 | -63.1% |
| Trade debts | 44 | €9,396 | €13,142 | +€3,746 | +39.9% |
| Suppliers | 440/4 | €9,396 | €13,142 | +€3,746 | +39.9% |
| Taxes, remuneration and social security | 45 | €12,950 | €15,696 | +€2,746 | +21.2% |
| Taxes | 450/3 | €10,287 | €15,696 | +€5,409 | +52.6% |
| Remuneration and social security | 454/9 | €2,663 | - | -€2,663 | |
| Other amounts payable | 47/48 | €54,773 | €68,364 | +€13,591 | +24.8% |
| Non-recurring operating income | 76A | - | €93,565 | +€93,565 | |
| Remuneration, social security and pensions | 62 | €25,226 | €16,377 | -€8,849 | -35.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €34,371 | €19,675 | -€14,696 | -42.8% |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€262 | €8,005 | +€8,267 | |
| Other operating charges | 640/8 | €6,263 | €3,491 | -€2,772 | -44.3% |
| Non-recurring operating charges | 66A | - | €7,218 | +€7,218 | |
| Gross operating margin | 9900 | €106,889 | €158,670 | +€51,781 | +48.4% |
| Operating profit (loss) | 9901 | €41,291 | €103,905 | +€62,614 | +151.6% |
| Financial income | 75/76B | €1,092 | €4,959 | +€3,867 | +354.0% |
| Recurring financial income | 75 | €1,092 | €4,959 | +€3,867 | +354.0% |
| Financial charges | 65/66B | €32,627 | €32,635 | +€8 | 0.0% |
| Recurring financial charges | 65 | €32,627 | €32,635 | +€8 | 0.0% |
| Profit (loss) for the period before taxes | 9903 | €9,756 | €76,229 | +€66,473 | +681.3% |
| Income taxes | 67/77 | €5,612 | €792 | -€4,820 | -85.9% |
| Profit (loss) for the period | 9904 | €4,144 | €75,437 | +€71,293 | +1720.3% |
| Transfer to tax-exempt reserves | 689 | - | €93,565 | +€93,565 | |
| Profit (loss) for the period to be appropriated | 9905 | €4,144 | -€18,128 | -€22,272 |
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 11 October 2026 via checked.be.