JAC: 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.
JAC
Largest movements
- Tangible fixed assets -€52,134
down €52,134 (-9.7%), from €536,228 to €484,094
of which Land and buildings: -€30,048
- Receivables within one year +€30,059
up €30,059 (+480%), from €6,263 to €36,322
of which Trade receivables: +€30,365
- Debts after one year -€40,861
down €40,861 (-9.1%), from €450,117 to €409,256
- Other debts +€16,744
up €16,744 (+33.9%), from €49,399 to €66,144
- Tax, wage and social debts +€15,906
up €15,906 (+810%), from €1,963 to €17,869
- Profit (loss) carried forward -€10,514
down €10,514 (-87.4%), from €12,024 to €1,509
- Gross operating margin +€48,854
up €48,854 (+79.1%), from €61,742 to €110,595
- Taxes +€7,515
up €7,515 (+2,354%), from €319 to €7,834
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.
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 | €557,584 | €538,655 | -€18,929 | -3.4% |
| Fixed assets | 21/28 | €536,228 | €484,094 | -€52,134 | -9.7% |
| Tangible fixed assets | 22/27 | €536,228 | €484,094 | -€52,134 | -9.7% |
| Land and buildings | 22 | €460,731 | €430,684 | -€30,048 | -6.5% |
| Plant, machinery and equipment | 23 | €1,145 | €820 | -€325 | -28.4% |
| Furniture and vehicles | 24 | €74,351 | €52,590 | -€21,761 | -29.3% |
| Current assets | 29/58 | €21,356 | €54,561 | +€33,205 | +155% |
| Amounts receivable within one year | 40/41 | €6,263 | €36,322 | +€30,059 | +480% |
| Trade receivables | 40 | €5,935 | €36,300 | +€30,365 | +512% |
| Other amounts receivable | 41 | €328 | €22 | -€306 | -93.2% |
| Cash at bank and in hand | 54/58 | €15,093 | €18,239 | +€3,146 | +20.8% |
| Total equity and liabilities | 10/49 | €557,584 | €538,655 | -€18,929 | -3.4% |
| Equity | 10/15 | €15,024 | €4,509 | -€10,514 | -70.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €12,024 | €1,509 | -€10,514 | -87.4% |
| Amounts payable | 17/49 | €542,560 | €534,146 | -€8,414 | -1.6% |
| Amounts payable after more than one year | 17 | €450,117 | €409,256 | -€40,861 | -9.1% |
| Financial debts | 170/4 | €450,117 | €409,256 | -€40,861 | -9.1% |
| Amounts payable within one year | 42/48 | €92,443 | €124,890 | +€32,447 | +35.1% |
| Current portion of amounts payable after more than one year | 42 | €39,873 | €40,861 | +€989 | +2.5% |
| Trade debts | 44 | €1,209 | €16 | -€1,193 | -98.7% |
| Suppliers | 440/4 | €1,209 | €16 | -€1,193 | -98.7% |
| Taxes, remuneration and social security | 45 | €1,963 | €17,869 | +€15,906 | +810% |
| Taxes | 450/3 | €1,963 | €17,869 | +€15,906 | +810% |
| Other amounts payable | 47/48 | €49,399 | €66,144 | +€16,744 | +33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €52,134 | €52,134 | = | 0.0% |
| Other operating charges | 640/8 | €577 | €593 | +€16 | +2.8% |
| Gross operating margin | 9900 | €61,742 | €110,595 | +€48,854 | +79.1% |
| Operating profit (loss) | 9901 | €9,031 | €57,868 | +€48,837 | +541% |
| Financial income | 75/76B | €37 | €56 | +€20 | +53.3% |
| Recurring financial income | 75 | €37 | €56 | +€20 | +53.3% |
| Financial charges | 65/66B | €16,581 | €15,604 | -€976 | -5.9% |
| Recurring financial charges | 65 | €16,581 | €15,604 | -€976 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€7,513 | €42,320 | +€49,833 | |
| Income taxes | 67/77 | €319 | €7,834 | +€7,515 | +2,354% |
| Profit (loss) for the period | 9904 | -€7,832 | €34,486 | +€42,318 | |
| Profit (loss) for the period to be appropriated | 9905 | -€7,832 | €34,486 | +€42,318 |
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 15 October 2026 via checked.be.