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
- Tangible fixed assets -€31,904
down €31,904 (-65.6%), from €48,640 to €16,736
of which Furniture and vehicles: -€15,953
- Stocks and contracts -€14,591
down €14,591 (-16.4%), from €89,194 to €74,603
- Receivables within one year -€4,922
down €4,922 (-7.9%), from €62,583 to €57,662
of which Trade receivables: -€12,799
- Cash -€3,167
down €3,167 (-4.2%), from €76,046 to €72,880
mainly Debts after one year (-€62,080) and Trade debts (-€21,384)
- Debts after one year -€62,080
no longer reported in 2025 (was €62,080)
- Reserves +€30,207
up €30,207 (+20.0%), from €151,016 to €181,223
- Trade debts -€21,384
down €21,384 (-52.0%), from €41,143 to €19,759
- Other debts -€17,526
no longer reported in 2025 (was €17,526)
- Tax, wage and social debts +€13,223
up €13,223 (+56.4%), from €23,432 to €36,655
of which Taxes: +€14,867
- Gross operating margin +€13,953
up €13,953 (+5.7%), from €244,677 to €258,630
- Taxes +€7,313
up €7,313 (+50.6%), from €14,450 to €21,764
- Staff costs -€6,448
down €6,448 (-3.6%), from €177,272 to €170,824
- Other operating charges +€3,353
up €3,353 (+273.1%), from €1,228 to €4,581
- Depreciation -€2,588
down €2,588 (-8.2%), from €31,690 to €29,101
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 | €313,387 | €260,485 | -€52,902 | -16.9% |
| Fixed assets | 21/28 | €53,140 | €21,736 | -€31,404 | -59.1% |
| Tangible fixed assets | 22/27 | €48,640 | €16,736 | -€31,904 | -65.6% |
| Plant, machinery and equipment | 23 | €1,635 | €606 | -€1,029 | -62.9% |
| Furniture and vehicles | 24 | €28,455 | €12,502 | -€15,953 | -56.1% |
| Other tangible fixed assets | 26 | €18,550 | €3,628 | -€14,922 | -80.4% |
| Financial fixed assets | 28 | €4,500 | €5,000 | +€500 | +11.1% |
| Current assets | 29/58 | €260,247 | €238,749 | -€21,498 | -8.3% |
| Amounts receivable after more than one year | 29 | €29,830 | €31,669 | +€1,839 | +6.2% |
| Other amounts receivable | 291 | €29,830 | €31,669 | +€1,839 | +6.2% |
| Stocks and contracts in progress | 3 | €89,194 | €74,603 | -€14,591 | -16.4% |
| Stocks | 30/36 | €89,194 | €74,603 | -€14,591 | -16.4% |
| Amounts receivable within one year | 40/41 | €62,583 | €57,662 | -€4,922 | -7.9% |
| Trade receivables | 40 | €38,230 | €25,430 | -€12,799 | -33.5% |
| Other amounts receivable | 41 | €24,354 | €32,232 | +€7,878 | +32.3% |
| Cash at bank and in hand | 54/58 | €76,046 | €72,880 | -€3,167 | -4.2% |
| Deferred charges and accrued income | 490/1 | €2,593 | €1,936 | -€658 | -25.4% |
| Total equity and liabilities | 10/49 | €313,387 | €260,485 | -€52,902 | -16.9% |
| Equity | 10/15 | €157,216 | €187,423 | +€30,207 | +19.2% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €151,016 | €181,223 | +€30,207 | +20.0% |
| Distributable reserves | 133 | €151,016 | €181,223 | +€30,207 | +20.0% |
| Amounts payable | 17/49 | €156,171 | €73,062 | -€83,109 | -53.2% |
| Amounts payable after more than one year | 17 | €62,080 | - | -€62,080 | |
| Financial debts | 170/4 | €62,080 | - | -€62,080 | |
| Amounts payable within one year | 42/48 | €94,091 | €72,293 | -€21,797 | -23.2% |
| Current portion of amounts payable after more than one year | 42 | €11,990 | €12,080 | +€90 | +0.8% |
| Financial debts | 43 | - | €3,799 | +€3,799 | |
| Credit institutions | 430/8 | - | €3,799 | +€3,799 | |
| Trade debts | 44 | €41,143 | €19,759 | -€21,384 | -52.0% |
| Suppliers | 440/4 | €41,143 | €19,759 | -€21,384 | -52.0% |
| Taxes, remuneration and social security | 45 | €23,432 | €36,655 | +€13,223 | +56.4% |
| Taxes | 450/3 | €7,258 | €22,126 | +€14,867 | +204.8% |
| Remuneration and social security | 454/9 | €16,174 | €14,530 | -€1,644 | -10.2% |
| Other amounts payable | 47/48 | €17,526 | - | -€17,526 | |
| Accrued charges and deferred income | 492/3 | - | €768 | +€768 | |
| Remuneration, social security and pensions | 62 | €177,272 | €170,824 | -€6,448 | -3.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,690 | €29,101 | -€2,588 | -8.2% |
| Other operating charges | 640/8 | €1,228 | €4,581 | +€3,353 | +273.1% |
| Gross operating margin | 9900 | €244,677 | €258,630 | +€13,953 | +5.7% |
| Operating profit (loss) | 9901 | €34,488 | €54,124 | +€19,637 | +56.9% |
| Financial income | 75/76B | €2,920 | €1,485 | -€1,435 | -49.1% |
| Recurring financial income | 75 | €2,920 | €1,485 | -€1,435 | -49.1% |
| Financial charges | 65/66B | €2,463 | €3,639 | +€1,176 | +47.7% |
| Recurring financial charges | 65 | €2,463 | €3,639 | +€1,176 | +47.7% |
| Profit (loss) for the period before taxes | 9903 | €34,945 | €51,971 | +€17,026 | +48.7% |
| Income taxes | 67/77 | €14,450 | €21,764 | +€7,313 | +50.6% |
| Profit (loss) for the period | 9904 | €20,495 | €30,207 | +€9,712 | +47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €20,495 | €30,207 | +€9,712 | +47.4% |
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 12 October 2026 via checked.be.