JACE: 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.
JACE
Largest movements
- Current investments +€75,873
up €75,873 (+10.3%), from €735,791 to €811,664
- Reserves +€104,590
up €104,590 (+11.4%), from €916,376 to €1.0m
of which Distributable reserves: +€104,590
- Other debts -€55,034
down €55,034 (-8.5%), from €646,428 to €591,394
- Gross operating margin -€67,485
down €67,485 (-22.3%), from €302,060 to €234,575
- Taxes -€22,183
down €22,183 (-25.1%), from €88,456 to €66,273
- Depreciation +€4,825
up €4,825 (+78.0%), from €6,184 to €11,009
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 | €1,817,797 | €1,853,810 | +€36,013 | +2.0% |
| Fixed assets | 21/28 | €1,022,433 | €1,011,424 | -€11,009 | -1.1% |
| Tangible fixed assets | 22/27 | €52,419 | €41,410 | -€11,009 | -21.0% |
| Furniture and vehicles | 24 | €52,419 | €41,410 | -€11,009 | -21.0% |
| Financial fixed assets | 28 | €970,014 | €970,014 | = | 0.0% |
| Current assets | 29/58 | €795,364 | €842,385 | +€47,021 | +5.9% |
| Amounts receivable within one year | 40/41 | €26,209 | €9,657 | -€16,552 | -63.2% |
| Other amounts receivable | 41 | €26,209 | €9,657 | -€16,552 | -63.2% |
| Current investments | 50/53 | €735,791 | €811,664 | +€75,873 | +10.3% |
| Cash at bank and in hand | 54/58 | €31,002 | €20,241 | -€10,761 | -34.7% |
| Deferred charges and accrued income | 490/1 | €2,362 | €822 | -€1,540 | -65.2% |
| Total equity and liabilities | 10/49 | €1,817,797 | €1,853,810 | +€36,013 | +2.0% |
| Equity | 10/15 | €1,146,838 | €1,251,428 | +€104,590 | +9.1% |
| Contributions | 10/11 | €229,540 | €229,540 | = | 0.0% |
| Reserves | 13 | €916,376 | €1,020,966 | +€104,590 | +11.4% |
| Non-distributable reserves | 130/1 | €39,320 | €39,320 | = | 0.0% |
| Reserves not available under the articles | 1311 | €39,320 | €39,320 | = | 0.0% |
| Distributable reserves | 133 | €877,056 | €981,646 | +€104,590 | +11.9% |
| Profit (loss) carried forward | 14 | €922 | €922 | = | 0.0% |
| Amounts payable | 17/49 | €670,959 | €602,382 | -€68,577 | -10.2% |
| Amounts payable within one year | 42/48 | €670,959 | €602,201 | -€68,758 | -10.2% |
| Trade debts | 44 | €1,399 | €1,639 | +€240 | +17.1% |
| Suppliers | 440/4 | €1,399 | €1,639 | +€240 | +17.1% |
| Taxes, remuneration and social security | 45 | €23,132 | €9,168 | -€13,964 | -60.4% |
| Taxes | 450/3 | €23,132 | €9,168 | -€13,964 | -60.4% |
| Other amounts payable | 47/48 | €646,428 | €591,394 | -€55,034 | -8.5% |
| Accrued charges and deferred income | 492/3 | - | €181 | +€181 | |
| Non-recurring operating income | 76A | €7,407 | - | -€7,407 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,184 | €11,009 | +€4,825 | +78.0% |
| Other operating charges | 640/8 | €5,132 | €5,446 | +€315 | +6.1% |
| Gross operating margin | 9900 | €302,060 | €234,575 | -€67,485 | -22.3% |
| Operating profit (loss) | 9901 | €290,745 | €218,121 | -€72,624 | -25.0% |
| Financial income | 75/76B | €3,400 | €3,080 | -€320 | -9.4% |
| Recurring financial income | 75 | €3,400 | €3,080 | -€320 | -9.4% |
| Financial charges | 65/66B | €2,302 | €337 | -€1,964 | -85.3% |
| Recurring financial charges | 65 | €2,302 | €337 | -€1,964 | -85.3% |
| Profit (loss) for the period before taxes | 9903 | €291,843 | €220,863 | -€70,979 | -24.3% |
| Income taxes | 67/77 | €88,456 | €66,273 | -€22,183 | -25.1% |
| Profit (loss) for the period | 9904 | €203,387 | €154,590 | -€48,797 | -24.0% |
| Profit (loss) for the period to be appropriated | 9905 | €203,387 | €154,590 | -€48,797 | -24.0% |
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 7 October 2026 via checked.be.