Jac: 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.
What changed
Jac
NACE 28.930, Manufacture of machinery and equipment not elsewhere classified
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€966,454
2024 · €145,017+€821,437
Equity
€1.8m
2024 · €5.3m-€3.5m
Cash
€1.2m
2024 · €1.4m-€248,299
Balance sheet total
€17.3m
2024 · €17.7m-€447,343
Largest movements
Assets
- Stocks and contracts -€418,619
down €418,619 (-8.9%), from €4.7m to €4.3m
- Receivables within one year +€365,799
up €365,799 (+6.2%), from €5.9m to €6.2m
of which Trade receivables: +€397,298
- Cash -€248,299
down €248,299 (-17.3%), from €1.4m to €1.2m
mainly Contributions, distributions and other (-€4.4m) and Trade debts (-€977,979)
Equity and liabilities
- Debts after one year +€3.5m
up €3.5m (+94.7%), from €3.7m to €7.2m
- Profit (loss) carried forward -€2.8m
down €2.8m (-73.5%), from €3.9m to €1.0m
- Trade debts -€977,979
down €977,979 (-22.2%), from €4.4m to €3.4m
- Reserves -€651,406
down €651,406 (-50.0%), from €1.3m to €650,791
of which Distributable reserves: -€600,000
- Current portion of long-term debt +€550,266
up €550,266 (+76.7%), from €717,559 to €1.3m
Income statement
- Turnover +€4.3m
up €4.3m (+17.7%), from €24.5m to €28.8m
- Goods and materials +€2.0m
up €2.0m (+17.5%), from €11.6m to €13.6m
of which Purchases: +€1.6m
- Staff costs +€716,703
up €716,703 (+9.9%), from €7.3m to €8.0m
- Services and other goods +€513,395
up €513,395 (+9.2%), from €5.6m to €6.1m
- Write-downs +€358,260
up €358,260, from -€48,565 to €309,695
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.
Result 2024
€145,017
Turnover
+€4.3m
Other operating income
+€16,056
Goods and materials
-€2.0m
Services and other goods
-€513,395
Staff costs
-€716,703
Depreciation
-€60,731
Write-downs
-€358,260
Provisions
+€339,212
Other operating charges
+€26,572
Other operating items
-€135,196
Financial income
-€17,198
Financial charges
-€71,669
Taxes
-€616
Result 2025
€966,454
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.
From operations
+€711,006
Investment
-€590,294
Financing
-€369,012
Cash 2024
€1.4m
From operations (derived)
+€711,006
Net result for the year
+€966,454
Depreciation
+€744,904
Stocks and contracts
+€418,619
Receivables within one year
-€365,799
Deferred charges and accrued income
-€8,386
Provisions
+€186,590
Trade debts
-€977,979
Tax, wage and social debts
+€140,477
Advances received
-€60,903
Other debts
-€357,904
Accrued charges and deferred income
+€24,933
Investment (derived)
-€590,294
Investment in fixed assets (net)
-€590,294
Financing
-€369,012
Debts after one year
+€3.5m
Current portion of long-term debt
+€550,266
Short-term financial debts
+€47,306
Contributions, distributions and other
-€4.4m
Cash 2025
€1.2m
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,749,650 | €17,302,307 | -€447,343 | -2.5% |
| Fixed assets | 21/28 | €5,619,997 | €5,465,387 | -€154,610 | -2.8% |
| Intangible fixed assets | 21 | €16,235 | €19,359 | +€3,124 | +19.2% |
| Tangible fixed assets | 22/27 | €5,587,727 | €5,429,993 | -€157,734 | -2.8% |
| Land and buildings | 22 | €4,886,208 | €4,541,742 | -€344,466 | -7.0% |
| Plant, machinery and equipment | 23 | €484,404 | €452,542 | -€31,862 | -6.6% |
| Furniture and vehicles | 24 | €205,615 | €424,210 | +€218,594 | +106.3% |
| Assets under construction and advance payments | 27 | €11,500 | €11,500 | = | 0.0% |
| Financial fixed assets | 28 | €16,035 | €16,035 | = | 0.0% |
| Other financial fixed assets | 284/8 | €16,035 | €16,035 | = | 0.0% |
| Amounts receivable and cash guarantees | 285/8 | €16,035 | €16,035 | = | 0.0% |
| Current assets | 29/58 | €12,129,653 | €11,836,920 | -€292,733 | -2.4% |
| Stocks and contracts in progress | 3 | €4,690,665 | €4,272,047 | -€418,619 | -8.9% |
| Stocks | 30/36 | €4,690,665 | €4,272,047 | -€418,619 | -8.9% |
| Raw materials and consumables | 30/31 | €3,138,550 | €2,784,647 | -€353,903 | -11.3% |
| Work in progress | 32 | €571,372 | €236,187 | -€335,186 | -58.7% |
| Finished goods | 33 | €918,790 | €1,180,960 | +€262,169 | +28.5% |
| Goods purchased for resale | 34 | €725 | €5,132 | +€4,407 | +607.9% |
| Advance payments | 36 | €61,228 | €65,121 | +€3,893 | +6.4% |
| Amounts receivable within one year | 40/41 | €5,876,885 | €6,242,684 | +€365,799 | +6.2% |
| Trade receivables | 40 | €5,437,565 | €5,834,863 | +€397,298 | +7.3% |
| Other amounts receivable | 41 | €439,320 | €407,821 | -€31,499 | -7.2% |
| Cash at bank and in hand | 54/58 | €1,433,624 | €1,185,325 | -€248,299 | -17.3% |
| Deferred charges and accrued income | 490/1 | €128,478 | €136,864 | +€8,386 | +6.5% |
| Total equity and liabilities | 10/49 | €17,749,650 | €17,302,307 | -€447,343 | -2.5% |
| Equity | 10/15 | €5,260,952 | €1,777,408 | -€3.5m | -66.2% |
| Contributions | 10/11 | €104,115 | €104,115 | = | 0.0% |
| Capital | 10 | €104,115 | €104,115 | = | 0.0% |
| Issued capital | 100 | €104,115 | €104,115 | = | 0.0% |
| Reserves | 13 | €1,302,196 | €650,791 | -€651,406 | -50.0% |
| Non-distributable reserves | 130/1 | €34,705 | €34,705 | = | 0.0% |
| Legal reserve | 130 | €34,705 | €34,705 | = | 0.0% |
| Tax-exempt reserves | 132 | €667,491 | €616,085 | -€51,406 | -7.7% |
| Distributable reserves | 133 | €600,000 | €0 | -€600,000 | -100.0% |
| Profit (loss) carried forward | 14 | €3,854,640 | €1,022,503 | -€2.8m | -73.5% |
| Provisions and deferred taxes | 16 | €1,347,809 | €1,534,399 | +€186,590 | +13.8% |
| Provisions for liabilities and charges | 160/5 | €1,129,155 | €1,332,880 | +€203,725 | +18.0% |
| Environmental obligations | 163 | €1,129,155 | €1,332,880 | +€203,725 | +18.0% |
| Deferred taxes | 168 | €218,655 | €201,519 | -€17,135 | -7.8% |
| Amounts payable | 17/49 | €11,140,889 | €13,990,499 | +€2.8m | +25.6% |
| Amounts payable after more than one year | 17 | €3,677,500 | €7,160,914 | +€3.5m | +94.7% |
| Financial debts | 170/4 | €3,677,500 | €7,160,914 | +€3.5m | +94.7% |
| Credit institutions | 173 | €3,677,500 | €7,160,914 | +€3.5m | +94.7% |
| Amounts payable within one year | 42/48 | €7,450,590 | €6,791,854 | -€658,737 | -8.8% |
| Current portion of amounts payable after more than one year | 42 | €717,559 | €1,267,825 | +€550,266 | +76.7% |
| Financial debts | 43 | €511,339 | €558,644 | +€47,306 | +9.3% |
| Credit institutions | 430/8 | €511,339 | €558,644 | +€47,306 | +9.3% |
| Trade debts | 44 | €4,412,982 | €3,435,004 | -€977,979 | -22.2% |
| Suppliers | 440/4 | €4,412,982 | €3,435,004 | -€977,979 | -22.2% |
| Advances received on contracts in progress | 46 | €169,384 | €108,480 | -€60,903 | -36.0% |
| Taxes, remuneration and social security | 45 | €1,266,697 | €1,407,175 | +€140,477 | +11.1% |
| Taxes | 450/3 | €218,164 | €207,297 | -€10,867 | -5.0% |
| Remuneration and social security | 454/9 | €1,048,533 | €1,199,877 | +€151,344 | +14.4% |
| Other amounts payable | 47/48 | €372,629 | €14,726 | -€357,904 | -96.0% |
| Accrued charges and deferred income | 492/3 | €12,798 | €37,731 | +€24,933 | +194.8% |
| Operating income | 70/76A | €25,953,358 | €30,181,752 | +€4.2m | +16.3% |
| Turnover | 70 | €24,499,555 | €28,843,909 | +€4.3m | +17.7% |
| Change in stocks of work in progress, finished goods and contracts in progress | 71 | €245,758 | €70,314 | -€175,444 | -71.4% |
| Other operating income | 74 | €1,193,496 | €1,209,552 | +€16,056 | +1.3% |
| Non-recurring operating income | 76A | €14,550 | €57,979 | +€43,429 | +298.5% |
| Operating charges | 60/66A | €25,690,090 | €29,007,563 | +€3.3m | +12.9% |
| Goods for resale, raw materials and consumables | 60 | €11,598,643 | €13,629,630 | +€2.0m | +17.5% |
| Purchases | 600/8 | €11,899,739 | €13,505,378 | +€1.6m | +13.5% |
| Change in stocks: decrease (increase) | 609 | -€301,096 | €124,252 | +€425,348 | |
| Services and other goods | 61 | €5,556,892 | €6,070,287 | +€513,395 | +9.2% |
| Remuneration, social security and pensions | 62 | €7,257,761 | €7,974,465 | +€716,703 | +9.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €684,173 | €744,904 | +€60,731 | +8.9% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€48,565 | €309,695 | +€358,260 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | €542,937 | €203,725 | -€339,212 | -62.5% |
| Other operating charges | 640/8 | €91,660 | €65,088 | -€26,572 | -29.0% |
| Non-recurring operating charges | 66A | €6,588 | €9,769 | +€3,181 | +48.3% |
| Operating profit (loss) | 9901 | €263,269 | €1,174,189 | +€910,921 | +346.0% |
| Financial income | 75/76B | €61,327 | €44,129 | -€17,198 | -28.0% |
| Recurring financial income | 75 | €41,596 | €44,129 | +€2,533 | +6.1% |
| Other financial income | 752/9 | €41,596 | €44,129 | +€2,533 | +6.1% |
| Non-recurring financial income | 76B | €19,732 | €0 | -€19,732 | -100.0% |
| Financial charges | 65/66B | €193,115 | €264,784 | +€71,669 | +37.1% |
| Recurring financial charges | 65 | €193,115 | €264,784 | +€71,669 | +37.1% |
| Debt charges | 650 | €94,643 | €157,455 | +€62,812 | +66.4% |
| Other financial charges | 652/9 | €98,472 | €107,329 | +€8,857 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €131,481 | €953,534 | +€822,053 | +625.2% |
| Transfer from deferred taxes | 780 | €17,135 | €17,135 | = | 0.0% |
| Income taxes | 67/77 | €3,599 | €4,215 | +€616 | +17.1% |
| Taxes | 670/3 | €3,599 | €4,215 | +€616 | +17.1% |
| Profit (loss) for the period | 9904 | €145,017 | €966,454 | +€821,437 | +566.4% |
| Transfer from tax-exempt reserves | 789 | €51,406 | €51,406 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €196,423 | €1,017,860 | +€821,437 | +418.2% |
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 29 September 2026 via checked.be.