JAC CLASSICS: 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.
What changed
JAC CLASSICS
NACE 43.320, Joinery installation
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€67,825
2024 · €67,112-€134,938
Equity
€183,720
2024 · €251,546-€67,825
Cash
€44,445
2024 · €28,654+€15,791
Balance sheet total
€2.4m
2024 · €2.4m+€30,067
Largest movements
Assets
- Deferred charges and accrued income +€38,562
up €38,562 (+261%), from €14,759 to €53,321
- Tangible fixed assets -€34,157
down €34,157 (-6.3%), from €544,905 to €510,748
of which Land and buildings: -€26,181
Equity and liabilities
- Debts after one year +€323,333
up €323,333 (+18.1%), from €1.8m to €2.1m
- Other debts -€242,961
down €242,961 (-90.6%), from €268,208 to €25,247
- Profit (loss) carried forward -€67,825
down €67,825 (-86.4%), from -€78,528 to -€146,354
Income statement
- Gross operating margin -€149,451
down €149,451, from €131,170 to -€18,281
- Financial income -€3,041
down €3,041 (-96.1%), from €3,166 to €125
- Financial charges -€1,854
down €1,854 (-41.8%), from €4,440 to €2,586
- Depreciation -€1,404
down €1,404 (-3.4%), from €41,383 to €39,980
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
€67,112
Gross operating margin
-€149,451
Depreciation
+€1,404
Other operating charges
+€69
Other operating items
+€14,590
Financial income
-€3,041
Financial charges
+€1,854
Taxes
-€362
Result 2025
-€67,825
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
-€302,219
Investment
-€5,323
Financing
+€323,333
Cash 2024
€28,654
From operations (derived)
-€302,219
Net result for the year
-€67,825
Depreciation
+€39,980
Receivables within one year
-€10,371
Deferred charges and accrued income
-€38,562
Trade debts
+€17,090
Tax, wage and social debts
+€430
Other debts
-€242,961
Investment (derived)
-€5,323
Investment in fixed assets (net)
-€5,323
Financing
+€323,333
Debts after one year
+€323,333
Cash 2025
€44,445
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,361,617 | €2,391,683 | +€30,067 | +1.3% |
| Fixed assets | 21/28 | €545,540 | €510,883 | -€34,657 | -6.4% |
| Tangible fixed assets | 22/27 | €544,905 | €510,748 | -€34,157 | -6.3% |
| Land and buildings | 22 | €502,279 | €476,098 | -€26,181 | -5.2% |
| Plant, machinery and equipment | 23 | €18,361 | €13,267 | -€5,094 | -27.7% |
| Furniture and vehicles | 24 | €24,265 | €21,383 | -€2,881 | -11.9% |
| Financial fixed assets | 28 | €635 | €135 | -€500 | -78.7% |
| Current assets | 29/58 | €1,816,077 | €1,880,801 | +€64,724 | +3.6% |
| Stocks and contracts in progress | 3 | €1,768,034 | €1,768,034 | = | 0.0% |
| Stocks | 30/36 | €1,768,034 | €1,768,034 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €4,629 | €15,000 | +€10,371 | +224% |
| Trade receivables | 40 | - | €15,000 | +€15,000 | |
| Other amounts receivable | 41 | €4,629 | - | -€4,629 | |
| Cash at bank and in hand | 54/58 | €28,654 | €44,445 | +€15,791 | +55.1% |
| Deferred charges and accrued income | 490/1 | €14,759 | €53,321 | +€38,562 | +261% |
| Total equity and liabilities | 10/49 | €2,361,617 | €2,391,683 | +€30,067 | +1.3% |
| Equity | 10/15 | €251,546 | €183,720 | -€67,825 | -27.0% |
| Contributions | 10/11 | €212,000 | €212,000 | = | 0.0% |
| Capital | 10 | €212,000 | €212,000 | = | 0.0% |
| Issued capital | 100 | €212,000 | €212,000 | = | 0.0% |
| Reserves | 13 | €118,074 | €118,074 | = | 0.0% |
| Non-distributable reserves | 130/1 | €21,200 | €21,200 | = | 0.0% |
| Legal reserve | 130 | €21,200 | €21,200 | = | 0.0% |
| Distributable reserves | 133 | €96,874 | €96,874 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€78,528 | -€146,354 | -€67,825 | -86.4% |
| Amounts payable | 17/49 | €2,110,071 | €2,207,963 | +€97,892 | +4.6% |
| Amounts payable after more than one year | 17 | €1,790,000 | €2,113,333 | +€323,333 | +18.1% |
| Financial debts | 170/4 | €1,790,000 | €2,113,333 | +€323,333 | +18.1% |
| Amounts payable within one year | 42/48 | €308,400 | €82,959 | -€225,441 | -73.1% |
| Current portion of amounts payable after more than one year | 42 | €26,667 | €26,667 | = | 0.0% |
| Trade debts | 44 | €13,143 | €30,233 | +€17,090 | +130% |
| Suppliers | 440/4 | €13,143 | €30,233 | +€17,090 | +130% |
| Taxes, remuneration and social security | 45 | €382 | €812 | +€430 | +113% |
| Taxes | 450/3 | €382 | €812 | +€430 | +113% |
| Other amounts payable | 47/48 | €268,208 | €25,247 | -€242,961 | -90.6% |
| Accrued charges and deferred income | 492/3 | €11,671 | €11,671 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,383 | €39,980 | -€1,404 | -3.4% |
| Other operating charges | 640/8 | €6,625 | €6,556 | -€69 | -1.0% |
| Non-recurring operating charges | 66A | €14,590 | - | -€14,590 | |
| Gross operating margin | 9900 | €131,170 | -€18,281 | -€149,451 | |
| Operating profit (loss) | 9901 | €68,571 | -€64,817 | -€133,388 | |
| Financial income | 75/76B | €3,166 | €125 | -€3,041 | -96.1% |
| Recurring financial income | 75 | €3,166 | €125 | -€3,041 | -96.1% |
| Financial charges | 65/66B | €4,440 | €2,586 | -€1,854 | -41.8% |
| Recurring financial charges | 65 | €4,440 | €2,586 | -€1,854 | -41.8% |
| Profit (loss) for the period before taxes | 9903 | €67,297 | -€67,278 | -€134,575 | |
| Income taxes | 67/77 | €185 | €548 | +€362 | +196% |
| Profit (loss) for the period | 9904 | €67,112 | -€67,825 | -€134,938 | |
| Profit (loss) for the period to be appropriated | 9905 | €67,112 | -€67,825 | -€134,938 |
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 18 October 2026 via checked.be.