JAC MANAGEMENT: 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.
JAC MANAGEMENT
Largest movements
- Financial fixed assets -€354,700
down €354,700 (-47.8%), from €741,807 to €387,107
- Receivables within one year -€309,321
down €309,321 (-100.0%), from €309,321 to €0
of which Other amounts receivable: -€254,113
- Receivables after one year +€105,861
new in 2024: €105,861
- Tangible fixed assets -€23,919
down €23,919 (-4.2%), from €572,671 to €548,751
of which Leasing and similar rights: -€23,392
- Profit (loss) carried forward -€345,827
down €345,827, from €295,511 to -€50,316
- Other debts -€135,449
down €135,449 (-95.7%), from €141,533 to €6,084
- Debts after one year -€98,744
down €98,744 (-11.2%), from €877,816 to €779,072
- Tax, wage and social debts +€35,844
up €35,844 (+63.5%), from €56,431 to €92,275
of which Taxes: +€31,988
- Current portion of long-term debt -€28,018
down €28,018 (-20.8%), from €134,895 to €106,877
- Financial income -€568,246
down €568,246 (-100.0%), from €568,295 to €49
- Financial charges -€209,516
down €209,516 (-35.7%), from €587,266 to €377,750
of which Non-recurring financial charges: -€207,600
- Gross operating margin -€72,157
down €72,157 (-45.6%), from €158,198 to €86,041
- Taxes -€20,266
down €20,266 (-86.0%), from €23,556 to €3,291
- Other operating charges +€6,505
up €6,505 (+119.3%), from €5,452 to €11,957
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,636,505 | €1,059,907 | -€576,598 | -35.2% |
| Fixed assets | 21/28 | €1,314,478 | €935,858 | -€378,619 | -28.8% |
| Tangible fixed assets | 22/27 | €572,671 | €548,751 | -€23,919 | -4.2% |
| Furniture and vehicles | 24 | €528 | €0 | -€528 | -100.0% |
| Leasing and similar rights | 25 | €572,143 | €548,751 | -€23,392 | -4.1% |
| Financial fixed assets | 28 | €741,807 | €387,107 | -€354,700 | -47.8% |
| Current assets | 29/58 | €322,027 | €124,049 | -€197,979 | -61.5% |
| Amounts receivable after more than one year | 29 | - | €105,861 | +€105,861 | |
| Other amounts receivable | 291 | - | €105,861 | +€105,861 | |
| Amounts receivable within one year | 40/41 | €309,321 | €0 | -€309,321 | -100.0% |
| Trade receivables | 40 | €55,208 | €0 | -€55,208 | -100.0% |
| Other amounts receivable | 41 | €254,113 | €0 | -€254,113 | -100.0% |
| Current investments | 50/53 | €4,037 | €0 | -€4,037 | -100.0% |
| Cash at bank and in hand | 54/58 | €6,169 | €3,368 | -€2,802 | -45.4% |
| Deferred charges and accrued income | 490/1 | €2,500 | €14,820 | +€12,320 | +492.8% |
| Total equity and liabilities | 10/49 | €1,636,505 | €1,059,907 | -€576,598 | -35.2% |
| Equity | 10/15 | €405,511 | €59,684 | -€345,827 | -85.3% |
| Contributions | 10/11 | €100,000 | €100,000 | = | 0.0% |
| Reserves | 13 | €10,000 | €10,000 | = | 0.0% |
| Non-distributable reserves | 130/1 | €10,000 | €10,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €10,000 | €10,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €295,511 | -€50,316 | -€345,827 | |
| Amounts payable | 17/49 | €1,230,994 | €1,000,223 | -€230,771 | -18.7% |
| Amounts payable after more than one year | 17 | €877,816 | €779,072 | -€98,744 | -11.2% |
| Financial debts | 170/4 | €877,816 | €779,072 | -€98,744 | -11.2% |
| Amounts payable within one year | 42/48 | €351,504 | €219,706 | -€131,798 | -37.5% |
| Current portion of amounts payable after more than one year | 42 | €134,895 | €106,877 | -€28,018 | -20.8% |
| Trade debts | 44 | €18,646 | €14,470 | -€4,176 | -22.4% |
| Suppliers | 440/4 | €18,646 | €14,470 | -€4,176 | -22.4% |
| Taxes, remuneration and social security | 45 | €56,431 | €92,275 | +€35,844 | +63.5% |
| Taxes | 450/3 | €56,431 | €88,419 | +€31,988 | +56.7% |
| Remuneration and social security | 454/9 | - | €3,856 | +€3,856 | |
| Other amounts payable | 47/48 | €141,533 | €6,084 | -€135,449 | -95.7% |
| Accrued charges and deferred income | 492/3 | €1,674 | €1,445 | -€229 | -13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,559 | €23,919 | -€639 | -2.6% |
| Other operating charges | 640/8 | €5,452 | €11,957 | +€6,505 | +119.3% |
| Non-recurring operating charges | 66A | - | €15,000 | +€15,000 | |
| Gross operating margin | 9900 | €158,198 | €86,041 | -€72,157 | -45.6% |
| Operating profit (loss) | 9901 | €128,188 | €35,165 | -€93,023 | -72.6% |
| Financial income | 75/76B | €568,295 | €49 | -€568,246 | -100.0% |
| Recurring financial income | 75 | €568,295 | €49 | -€568,246 | -100.0% |
| Financial charges | 65/66B | €587,266 | €377,750 | -€209,516 | -35.7% |
| Recurring financial charges | 65 | €24,966 | €23,050 | -€1,916 | -7.7% |
| Non-recurring financial charges | 66B | €562,300 | €354,700 | -€207,600 | -36.9% |
| Profit (loss) for the period before taxes | 9903 | €109,217 | -€342,536 | -€451,753 | |
| Income taxes | 67/77 | €23,556 | €3,291 | -€20,266 | -86.0% |
| Profit (loss) for the period | 9904 | €85,660 | -€345,827 | -€431,487 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,660 | -€345,827 | -€431,487 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.