JACAL: 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.
JACAL
Largest movements
- Tangible fixed assets +€314,626
up €314,626 (+120.4%), from €261,249 to €575,875
of which Land and buildings: +€316,621
- Stocks and contracts -€291,366
down €291,366 (-100.0%), from €291,366 to €0
- Cash -€65,849
down €65,849 (-32.1%), from €205,201 to €139,352
mainly Debts after one year (-€678,265) and Investment in fixed assets (net) (-€339,936)
- Debts after one year -€678,265
no longer reported in 2025 (was €678,265)
- Other debts +€464,027
new in 2025: €464,027
- Revaluation surpluses +€319,810
new in 2025: €319,810
- Profit (loss) carried forward -€124,840
down €124,840 (-201.4%), from -€61,972 to -€186,812
- Trade debts -€40,905
down €40,905 (-100.0%), from €40,905 to €0
- Gross operating margin -€34,149
down €34,149, from €28,180 to -€5,969
- Depreciation +€5,119
up €5,119 (+25.4%), from €20,190 to €25,309
- Other operating charges -€2,750
down €2,750 (-36.9%), from €7,459 to €4,709
- Financial income +€385
up €385 (+876.0%), from €44 to €429
of which Financial income: +€385
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
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 | €759,498 | €715,227 | -€44,271 | -5.8% |
| Fixed assets | 21/28 | €261,249 | €575,875 | +€314,626 | +120.4% |
| Tangible fixed assets | 22/27 | €261,249 | €575,875 | +€314,626 | +120.4% |
| Land and buildings | 22 | €259,254 | €575,875 | +€316,621 | +122.1% |
| Plant, machinery and equipment | 23 | €1,995 | €0 | -€1,995 | -100.0% |
| Current assets | 29/58 | €498,249 | €139,352 | -€358,897 | -72.0% |
| Stocks and contracts in progress | 3 | €291,366 | €0 | -€291,366 | -100.0% |
| Stocks | 30/36 | €291,366 | €0 | -€291,366 | -100.0% |
| Amounts receivable within one year | 40/41 | €1,007 | €0 | -€1,007 | -100.0% |
| Trade receivables | 40 | - | €0 | = | |
| Other amounts receivable | 41 | €1,007 | - | -€1,007 | |
| Cash at bank and in hand | 54/58 | €205,201 | €139,352 | -€65,849 | -32.1% |
| Deferred charges and accrued income | 490/1 | €675 | €0 | -€675 | -100.0% |
| Total equity and liabilities | 10/49 | €759,498 | €715,227 | -€44,271 | -5.8% |
| Equity | 10/15 | €36,038 | €236,014 | +€199,976 | +554.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Revaluation surpluses | 12 | - | €319,810 | +€319,810 | |
| Reserves | 13 | €85,610 | €90,616 | +€5,006 | +5.8% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €83,750 | €90,616 | +€6,866 | +8.2% |
| Profit (loss) carried forward | 14 | -€61,972 | -€186,812 | -€124,840 | -201.4% |
| Amounts payable | 17/49 | €723,460 | €479,214 | -€244,246 | -33.8% |
| Amounts payable after more than one year | 17 | €678,265 | - | -€678,265 | |
| Other amounts payable | 178/9 | €678,265 | - | -€678,265 | |
| Amounts payable within one year | 42/48 | €44,534 | €479,214 | +€434,680 | +976.1% |
| Trade debts | 44 | €40,905 | €0 | -€40,905 | -100.0% |
| Suppliers | 440/4 | €40,905 | €0 | -€40,905 | -100.0% |
| Taxes, remuneration and social security | 45 | €3,629 | €15,187 | +€11,558 | +318.5% |
| Taxes | 450/3 | €3,629 | €15,187 | +€11,558 | +318.5% |
| Other amounts payable | 47/48 | - | €464,027 | +€464,027 | |
| Accrued charges and deferred income | 492/3 | €661 | €0 | -€661 | -100.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,190 | €25,309 | +€5,119 | +25.4% |
| Other operating charges | 640/8 | €7,459 | €4,709 | -€2,750 | -36.9% |
| Non-recurring operating charges | 66A | - | €89,283 | +€89,283 | |
| Gross operating margin | 9900 | €28,180 | -€5,969 | -€34,149 | |
| Operating profit (loss) | 9901 | €531 | -€125,269 | -€125,800 | |
| Financial income | 75/76B | €44 | €429 | +€385 | +876.0% |
| Recurring financial income | 75 | €44 | €429 | +€385 | +876.0% |
| Non-recurring financial income | 76B | €44 | - | -€44 | |
| Financial charges | 65/66B | €123 | €0 | -€123 | -100.0% |
| Recurring financial charges | 65 | €123 | €0 | -€123 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €452 | -€124,840 | -€125,292 | |
| Profit (loss) for the period | 9904 | €452 | -€124,840 | -€125,292 | |
| Profit (loss) for the period to be appropriated | 9905 | €452 | -€124,840 | -€125,292 |
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 9 October 2026 via checked.be.