JACLI: 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.
JACLI
Largest movements
- Stocks and contracts -€100,793
down €100,793 (-85.0%), from €118,580 to €17,787
- Cash +€26,479
up €26,479 (+631%), from €4,196 to €30,675
mainly Stocks and contracts (+€100,793) and Other debts (+€33,089)
- Receivables within one year -€22,896
down €22,896 (-16.2%), from €141,448 to €118,552
of which Trade receivables: -€19,380
- Financial fixed assets -€10,000
down €10,000 (-98.8%), from €10,124 to €124
- Profit (loss) carried forward -€135,364
down €135,364 (-39.0%), from -€347,332 to -€482,697
- Other debts +€33,089
up €33,089 (+8.6%), from €383,338 to €416,427
- Trade debts +€14,342
up €14,342 (+77.3%), from €18,550 to €32,892
- Reserves -€7,544
down €7,544 (-18.9%), from €39,942 to €32,398
of which Tax-exempt reserves: -€7,544
- Gross operating margin -€145,647
down €145,647 (-89.2%), from €163,259 to €17,612
- Staff costs -€13,195
down €13,195 (-10.0%), from €131,817 to €118,622
- Depreciation -€8,105
down €8,105 (-21.8%), from €37,214 to €29,109
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.
Derived cash bridge
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 | €529,913 | €427,225 | -€102,688 | -19.4% |
| Fixed assets | 21/28 | €259,155 | €253,042 | -€6,113 | -2.4% |
| Tangible fixed assets | 22/27 | €249,031 | €252,918 | +€3,887 | +1.6% |
| Land and buildings | 22 | €233,837 | €218,536 | -€15,301 | -6.5% |
| Plant, machinery and equipment | 23 | €912 | €547 | -€365 | -40.0% |
| Furniture and vehicles | 24 | €14,282 | €33,835 | +€19,553 | +137% |
| Financial fixed assets | 28 | €10,124 | €124 | -€10,000 | -98.8% |
| Current assets | 29/58 | €270,758 | €174,183 | -€96,575 | -35.7% |
| Stocks and contracts in progress | 3 | €118,580 | €17,787 | -€100,793 | -85.0% |
| Stocks | 30/36 | €118,580 | €17,787 | -€100,793 | -85.0% |
| Amounts receivable within one year | 40/41 | €141,448 | €118,552 | -€22,896 | -16.2% |
| Trade receivables | 40 | €136,494 | €117,114 | -€19,380 | -14.2% |
| Other amounts receivable | 41 | €4,954 | €1,438 | -€3,517 | -71.0% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €4,196 | €30,675 | +€26,479 | +631% |
| Deferred charges and accrued income | 490/1 | €6,534 | €7,169 | +€635 | +9.7% |
| Total equity and liabilities | 10/49 | €529,913 | €427,225 | -€102,688 | -19.4% |
| Equity | 10/15 | €74,110 | -€68,798 | -€142,908 | |
| Contributions | 10/11 | €381,500 | €381,500 | = | 0.0% |
| Capital | 10 | €381,500 | €381,500 | = | 0.0% |
| Issued capital | 100 | €381,500 | €381,500 | = | 0.0% |
| Reserves | 13 | €39,942 | €32,398 | -€7,544 | -18.9% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Tax-exempt reserves | 132 | €33,742 | €26,198 | -€7,544 | -22.4% |
| Profit (loss) carried forward | 14 | -€347,332 | -€482,697 | -€135,364 | -39.0% |
| Provisions and deferred taxes | 16 | €16,442 | €12,556 | -€3,886 | -23.6% |
| Deferred taxes | 168 | €16,442 | €12,556 | -€3,886 | -23.6% |
| Amounts payable | 17/49 | €439,361 | €483,468 | +€44,107 | +10.0% |
| Amounts payable within one year | 42/48 | €439,361 | €483,468 | +€44,107 | +10.0% |
| Trade debts | 44 | €18,550 | €32,892 | +€14,342 | +77.3% |
| Suppliers | 440/4 | €18,550 | €32,892 | +€14,342 | +77.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €37,474 | €34,149 | -€3,324 | -8.9% |
| Taxes | 450/3 | €16,158 | €15,180 | -€978 | -6.1% |
| Remuneration and social security | 454/9 | €21,316 | €18,970 | -€2,346 | -11.0% |
| Other amounts payable | 47/48 | €383,338 | €416,427 | +€33,089 | +8.6% |
| Non-recurring operating income | 76A | €216 | €0 | -€216 | -100% |
| Remuneration, social security and pensions | 62 | €131,817 | €118,622 | -€13,195 | -10.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,214 | €29,109 | -€8,105 | -21.8% |
| Other operating charges | 640/8 | €10,536 | €10,290 | -€246 | -2.3% |
| Non-recurring operating charges | 66A | €844 | €3,349 | +€2,505 | +297% |
| Gross operating margin | 9900 | €163,259 | €17,612 | -€145,647 | -89.2% |
| Operating profit (loss) | 9901 | -€17,152 | -€143,759 | -€126,606 | -738% |
| Financial income | 75/76B | €556 | €955 | +€399 | +71.9% |
| Recurring financial income | 75 | €556 | €187 | -€369 | -66.3% |
| Non-recurring financial income | 76B | €0 | €768 | +€768 | |
| Financial charges | 65/66B | €2,835 | €2,669 | -€166 | -5.9% |
| Recurring financial charges | 65 | €2,835 | €2,669 | -€166 | -5.9% |
| Profit (loss) for the period before taxes | 9903 | -€19,431 | -€145,472 | -€126,041 | -649% |
| Transfer from deferred taxes | 780 | €3,886 | €3,886 | = | 0.0% |
| Income taxes | 67/77 | €1,242 | €1,322 | +€80 | +6.4% |
| Profit (loss) for the period | 9904 | -€16,787 | -€142,908 | -€126,121 | -751% |
| Transfer from tax-exempt reserves | 789 | €7,544 | €7,544 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€9,244 | -€135,364 | -€126,121 | -1,364% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.