JACO: 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.
JACO
Largest movements
- Current investments -€150,000
down €150,000 (-100%), from €150,000 to €0
- Tangible fixed assets -€23,744
down €23,744 (-4.0%), from €600,492 to €576,748
of which Land and buildings: -€21,595
- Cash +€20,410
up €20,410 (+54.2%), from €37,638 to €58,048
mainly Current investments (+€150,000) and Depreciation (+€24,484)
- Other debts -€150,000
down €150,000 (-41.9%), from €357,611 to €207,611
- Reserves -€11,167
down €11,167 (-4.2%), from €262,751 to €251,584
of which Tax-exempt reserves: -€11,167
- Profit (loss) carried forward +€8,251
up €8,251 (+8.2%), from €100,879 to €109,130
- Financial income +€1,674
new in 2025: €1,674
- Gross operating margin +€1,178
up €1,178 (+4.7%), from €24,818 to €25,996
- Taxes +€865
up €865 (+41.4%), from €2,092 to €2,957
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 | €788,289 | €635,759 | -€152,530 | -19.3% |
| Fixed assets | 21/28 | €600,492 | €576,748 | -€23,744 | -4.0% |
| Tangible fixed assets | 22/27 | €600,492 | €576,748 | -€23,744 | -4.0% |
| Land and buildings | 22 | €549,131 | €527,535 | -€21,595 | -3.9% |
| Plant, machinery and equipment | 23 | €51,361 | €49,213 | -€2,149 | -4.2% |
| Current assets | 29/58 | €187,797 | €59,011 | -€128,786 | -68.6% |
| Current investments | 50/53 | €150,000 | €0 | -€150,000 | -100% |
| Cash at bank and in hand | 54/58 | €37,638 | €58,048 | +€20,410 | +54.2% |
| Deferred charges and accrued income | 490/1 | €159 | €963 | +€804 | +507% |
| Total equity and liabilities | 10/49 | €788,289 | €635,759 | -€152,530 | -19.3% |
| Equity | 10/15 | €427,630 | €424,714 | -€2,916 | -0.7% |
| Contributions | 10/11 | €64,000 | €64,000 | = | 0.0% |
| Capital | 10 | €64,000 | €64,000 | = | 0.0% |
| Issued capital | 100 | €64,000 | €64,000 | = | 0.0% |
| Reserves | 13 | €262,751 | €251,584 | -€11,167 | -4.2% |
| Non-distributable reserves | 130/1 | €6,400 | €6,400 | = | 0.0% |
| Legal reserve | 130 | €6,400 | €6,400 | = | 0.0% |
| Tax-exempt reserves | 132 | €255,899 | €244,733 | -€11,167 | -4.4% |
| Distributable reserves | 133 | €452 | €452 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,879 | €109,130 | +€8,251 | +8.2% |
| Amounts payable | 17/49 | €360,659 | €211,045 | -€149,614 | -41.5% |
| Amounts payable within one year | 42/48 | €359,703 | €210,066 | -€149,637 | -41.6% |
| Taxes, remuneration and social security | 45 | €2,092 | €2,455 | +€363 | +17.4% |
| Taxes | 450/3 | €2,092 | €2,455 | +€363 | +17.4% |
| Other amounts payable | 47/48 | €357,611 | €207,611 | -€150,000 | -41.9% |
| Accrued charges and deferred income | 492/3 | €956 | €979 | +€23 | +2.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,402 | €24,484 | +€82 | +0.3% |
| Other operating charges | 640/8 | €3,007 | €3,100 | +€93 | +3.1% |
| Gross operating margin | 9900 | €24,818 | €25,996 | +€1,178 | +4.7% |
| Operating profit (loss) | 9901 | -€2,591 | -€1,588 | +€1,003 | +38.7% |
| Financial income | 75/76B | - | €1,674 | +€1,674 | |
| Recurring financial income | 75 | - | €1,674 | +€1,674 | |
| Financial charges | 65/66B | €44 | €45 | +€2 | +3.4% |
| Recurring financial charges | 65 | €44 | €45 | +€2 | +3.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,635 | €41 | +€2,676 | |
| Income taxes | 67/77 | €2,092 | €2,957 | +€865 | +41.4% |
| Profit (loss) for the period | 9904 | -€4,727 | -€2,916 | +€1,811 | +38.3% |
| Transfer from tax-exempt reserves | 789 | €11,167 | €11,167 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €6,440 | €8,251 | +€1,811 | +28.1% |
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 16 October 2026 via checked.be.