JACK Management: 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.
JACK Management
Largest movements
- Tangible fixed assets +€57,808
up €57,808 (+670.9%), from €8,616 to €66,424
of which Other tangible fixed assets: +€30,310
- Receivables within one year -€7,994
down €7,994 (-8.2%), from €96,994 to €89,000
of which Trade receivables: -€88,732
- Debts after one year +€49,645
up €49,645 (+173.1%), from €28,675 to €78,320
- Profit (loss) carried forward +€29,696
up €29,696 (+9.2%), from €322,322 to €352,018
- Reserves -€28,833
down €28,833 (-68.8%), from €41,912 to €13,079
- Trade debts +€16,619
up €16,619 (+363.3%), from €4,575 to €21,194
- Other debts -€11,400
no longer reported in 2025 (was €11,400)
- Gross operating margin -€93,511
down €93,511 (-51.8%), from €180,439 to €86,928
- Taxes -€7,474
down €7,474 (-18.1%), from €41,226 to €33,752
- Depreciation +€6,586
up €6,586 (+151.3%), from €4,352 to €10,938
- Staff costs +€2,500
new in 2025: €2,500
- Other operating charges -€2,036
down €2,036 (-73.6%), from €2,766 to €730
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 | €495,551 | €539,854 | +€44,303 | +8.9% |
| Fixed assets | 21/28 | €392,879 | €450,687 | +€57,808 | +14.7% |
| Tangible fixed assets | 22/27 | €8,616 | €66,424 | +€57,808 | +670.9% |
| Plant, machinery and equipment | 23 | €150 | €21 | -€129 | -86.0% |
| Furniture and vehicles | 24 | €5,708 | €33,334 | +€27,626 | +484.0% |
| Other tangible fixed assets | 26 | €2,759 | €33,069 | +€30,310 | +1098.7% |
| Financial fixed assets | 28 | €384,263 | €384,263 | = | 0.0% |
| Current assets | 29/58 | €102,671 | €89,167 | -€13,504 | -13.2% |
| Amounts receivable within one year | 40/41 | €96,994 | €89,000 | -€7,994 | -8.2% |
| Trade receivables | 40 | €96,994 | €8,262 | -€88,732 | -91.5% |
| Other amounts receivable | 41 | - | €80,738 | +€80,738 | |
| Cash at bank and in hand | 54/58 | €473 | €167 | -€306 | -64.7% |
| Deferred charges and accrued income | 490/1 | €5,204 | - | -€5,204 | |
| Total equity and liabilities | 10/49 | €495,551 | €539,854 | +€44,303 | +8.9% |
| Equity | 10/15 | €382,835 | €383,697 | +€862 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €41,912 | €13,079 | -€28,833 | -68.8% |
| Distributable reserves | 133 | €41,912 | €13,079 | -€28,833 | -68.8% |
| Profit (loss) carried forward | 14 | €322,322 | €352,018 | +€29,696 | +9.2% |
| Amounts payable | 17/49 | €112,716 | €156,157 | +€43,441 | +38.5% |
| Amounts payable after more than one year | 17 | €28,675 | €78,320 | +€49,645 | +173.1% |
| Financial debts | 170/4 | €28,675 | €78,320 | +€49,645 | +173.1% |
| Amounts payable within one year | 42/48 | €84,041 | €77,837 | -€6,204 | -7.4% |
| Current portion of amounts payable after more than one year | 42 | €26,816 | €34,450 | +€7,634 | +28.5% |
| Financial debts | 43 | €8,902 | - | -€8,902 | |
| Credit institutions | 430/8 | €1,009 | - | -€1,009 | |
| Other loans | 439 | €7,892 | - | -€7,892 | |
| Trade debts | 44 | €4,575 | €21,194 | +€16,619 | +363.3% |
| Suppliers | 440/4 | €4,575 | €21,194 | +€16,619 | +363.3% |
| Taxes, remuneration and social security | 45 | €32,348 | €22,193 | -€10,155 | -31.4% |
| Taxes | 450/3 | €32,348 | €22,193 | -€10,155 | -31.4% |
| Other amounts payable | 47/48 | €11,400 | - | -€11,400 | |
| Remuneration, social security and pensions | 62 | - | €2,500 | +€2,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,352 | €10,938 | +€6,586 | +151.3% |
| Other operating charges | 640/8 | €2,766 | €730 | -€2,036 | -73.6% |
| Gross operating margin | 9900 | €180,439 | €86,928 | -€93,511 | -51.8% |
| Operating profit (loss) | 9901 | €173,321 | €72,760 | -€100,561 | -58.0% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €8,090 | €9,312 | +€1,222 | +15.1% |
| Recurring financial charges | 65 | €8,090 | €9,312 | +€1,222 | +15.1% |
| Profit (loss) for the period before taxes | 9903 | €165,232 | €63,448 | -€101,784 | -61.6% |
| Income taxes | 67/77 | €41,226 | €33,752 | -€7,474 | -18.1% |
| Profit (loss) for the period | 9904 | €124,006 | €29,696 | -€94,310 | -76.1% |
| Profit (loss) for the period to be appropriated | 9905 | €124,006 | €29,696 | -€94,310 | -76.1% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.