JACABEL: 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.
JACABEL
Largest movements
- Receivables within one year +€4,682
up €4,682 (+4.2%), from €112,699 to €117,381
of which Other amounts receivable: +€7,448
- Tangible fixed assets -€3,833
down €3,833 (-6.8%), from €56,174 to €52,342
- Trade debts -€4,498
down €4,498 (-77.8%), from €5,783 to €1,284
- Short-term financial debts +€3,938
up €3,938 (+186.1%), from €2,116 to €6,053
- Gross operating margin -€3,062
down €3,062 (-37.9%), from €8,083 to €5,021
- Financial income +€1,074
up €1,074 (+21.8%), from €4,925 to €5,999
- Taxes -€777
down €777 (-57.5%), from €1,349 to €573
- Financial charges +€537
up €537 (+238.0%), from €226 to €762
- Depreciation -€474
down €474 (-11.0%), from €4,307 to €3,833
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €168,873 | €169,723 | +€850 | +0.5% |
| Fixed assets | 21/28 | €56,174 | €52,342 | -€3,833 | -6.8% |
| Tangible fixed assets | 22/27 | €56,174 | €52,342 | -€3,833 | -6.8% |
| Land and buildings | 22 | €56,174 | €52,342 | -€3,833 | -6.8% |
| Current assets | 29/58 | €112,699 | €117,381 | +€4,682 | +4.2% |
| Amounts receivable within one year | 40/41 | €112,699 | €117,381 | +€4,682 | +4.2% |
| Trade receivables | 40 | €3,278 | €512 | -€2,766 | -84.4% |
| Other amounts receivable | 41 | €109,421 | €116,869 | +€7,448 | +6.8% |
| Total equity and liabilities | 10/49 | €168,873 | €169,723 | +€850 | +0.5% |
| Equity | 10/15 | €160,550 | €162,192 | +€1,642 | +1.0% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €141,958 | €143,600 | +€1,642 | +1.2% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Distributable reserves | 133 | €140,098 | €141,741 | +€1,642 | +1.2% |
| Amounts payable | 17/49 | €8,323 | €7,531 | -€793 | -9.5% |
| Amounts payable within one year | 42/48 | €8,178 | €7,338 | -€841 | -10.3% |
| Financial debts | 43 | €2,116 | €6,053 | +€3,938 | +186.1% |
| Credit institutions | 430/8 | €2,116 | €6,053 | +€3,938 | +186.1% |
| Trade debts | 44 | €5,783 | €1,284 | -€4,498 | -77.8% |
| Suppliers | 440/4 | €5,783 | €1,284 | -€4,498 | -77.8% |
| Taxes, remuneration and social security | 45 | €280 | - | -€280 | |
| Taxes | 450/3 | €280 | - | -€280 | |
| Accrued charges and deferred income | 492/3 | €145 | €193 | +€48 | +33.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,307 | €3,833 | -€474 | -11.0% |
| Other operating charges | 640/8 | €4,185 | €4,210 | +€25 | +0.6% |
| Gross operating margin | 9900 | €8,083 | €5,021 | -€3,062 | -37.9% |
| Operating profit (loss) | 9901 | -€408 | -€3,021 | -€2,613 | -640.1% |
| Financial income | 75/76B | €4,925 | €5,999 | +€1,074 | +21.8% |
| Recurring financial income | 75 | €4,925 | €5,999 | +€1,074 | +21.8% |
| Financial charges | 65/66B | €226 | €762 | +€537 | +238.0% |
| Recurring financial charges | 65 | €226 | €762 | +€537 | +238.0% |
| Profit (loss) for the period before taxes | 9903 | €4,292 | €2,215 | -€2,076 | -48.4% |
| Income taxes | 67/77 | €1,349 | €573 | -€777 | -57.5% |
| Profit (loss) for the period | 9904 | €2,942 | €1,642 | -€1,300 | -44.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,942 | €1,642 | -€1,300 | -44.2% |
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 28 September 2026 via checked.be.