JACO CONCEPT: 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.
JACO CONCEPT
Largest movements
- Tangible fixed assets -€267,778
down €267,778 (-14.2%), from €1.9m to €1.6m
of which Other tangible fixed assets: -€220,239
- Intangible fixed assets -€36,347
down €36,347 (-14.8%), from €245,829 to €209,482
- Cash +€23,502
up €23,502 (+416.4%), from €5,644 to €29,146
mainly Contributions, distributions and other (+€3.0m) and Depreciation (+€324,117)
- Contributions +€3.0m
up €3.0m (+452.8%), from €662,500 to €3.7m
- Other debts -€2.2m
down €2.2m (-55.8%), from €3.9m to €1.7m
- Profit (loss) carried forward -€998,988
down €998,988 (-32.0%), from -€3.1m to -€4.1m
- Debts after one year -€204,915
down €204,915 (-63.8%), from €321,210 to €116,295
- Tax, wage and social debts +€127,338
up €127,338 (+83.3%), from €152,784 to €280,122
of which Remuneration and social security: +€67,173
- Staff costs -€332,609
down €332,609 (-22.5%), from €1.5m to €1.1m
- Financial charges -€100,891
down €100,891 (-91.7%), from €110,074 to €9,183
- Gross operating margin +€18,417
up €18,417 (+4.0%), from €461,730 to €480,147
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 | €2,269,500 | €1,979,339 | -€290,161 | -12.8% |
| Formation expenses | 20 | €25,506 | €22,171 | -€3,335 | -13.1% |
| Fixed assets | 21/28 | €2,132,477 | €1,828,352 | -€304,125 | -14.3% |
| Intangible fixed assets | 21 | €245,829 | €209,482 | -€36,347 | -14.8% |
| Tangible fixed assets | 22/27 | €1,885,949 | €1,618,171 | -€267,778 | -14.2% |
| Plant, machinery and equipment | 23 | €67,203 | €58,050 | -€9,153 | -13.6% |
| Furniture and vehicles | 24 | €151,693 | €113,307 | -€38,386 | -25.3% |
| Other tangible fixed assets | 26 | €1,667,053 | €1,446,814 | -€220,239 | -13.2% |
| Financial fixed assets | 28 | €699 | €699 | -€0 | 0.0% |
| Current assets | 29/58 | €111,517 | €128,816 | +€17,299 | +15.5% |
| Stocks and contracts in progress | 3 | €94,022 | €81,476 | -€12,546 | -13.3% |
| Stocks | 30/36 | €94,022 | €81,476 | -€12,546 | -13.3% |
| Amounts receivable within one year | 40/41 | €1,616 | €2,387 | +€771 | +47.7% |
| Trade receivables | 40 | €1,616 | €387 | -€1,229 | -76.0% |
| Other amounts receivable | 41 | - | €2,000 | +€2,000 | |
| Cash at bank and in hand | 54/58 | €5,644 | €29,146 | +€23,502 | +416.4% |
| Deferred charges and accrued income | 490/1 | €10,235 | €15,807 | +€5,572 | +54.4% |
| Total equity and liabilities | 10/49 | €2,269,500 | €1,979,339 | -€290,161 | -12.8% |
| Equity | 10/15 | -€2,455,899 | -€454,887 | +€2.0m | +81.5% |
| Contributions | 10/11 | €662,500 | €3,662,500 | +€3.0m | +452.8% |
| Capital | 10 | €662,500 | €3,662,500 | +€3.0m | +452.8% |
| Issued capital | 100 | €662,500 | €3,662,500 | +€3.0m | +452.8% |
| Profit (loss) carried forward | 14 | -€3,118,399 | -€4,117,387 | -€998,988 | -32.0% |
| Amounts payable | 17/49 | €4,725,399 | €2,434,226 | -€2.3m | -48.5% |
| Amounts payable after more than one year | 17 | €321,210 | €116,295 | -€204,915 | -63.8% |
| Financial debts | 170/4 | €321,210 | €116,295 | -€204,915 | -63.8% |
| Amounts payable within one year | 42/48 | €4,404,189 | €2,317,931 | -€2.1m | -47.4% |
| Current portion of amounts payable after more than one year | 42 | €240,468 | €223,558 | -€16,910 | -7.0% |
| Trade debts | 44 | €105,363 | €89,739 | -€15,624 | -14.8% |
| Suppliers | 440/4 | €105,363 | €89,739 | -€15,624 | -14.8% |
| Taxes, remuneration and social security | 45 | €152,784 | €280,122 | +€127,338 | +83.3% |
| Taxes | 450/3 | €23,429 | €83,594 | +€60,165 | +256.8% |
| Remuneration and social security | 454/9 | €129,355 | €196,528 | +€67,173 | +51.9% |
| Other amounts payable | 47/48 | €3,905,574 | €1,724,512 | -€2.2m | -55.8% |
| Remuneration, social security and pensions | 62 | €1,478,002 | €1,145,393 | -€332,609 | -22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €320,232 | €324,117 | +€3,885 | +1.2% |
| Other operating charges | 640/8 | €1,002 | €690 | -€312 | -31.1% |
| Gross operating margin | 9900 | €461,730 | €480,147 | +€18,417 | +4.0% |
| Operating profit (loss) | 9901 | -€1,337,506 | -€990,053 | +€347,453 | +26.0% |
| Financial income | 75/76B | €262 | €247 | -€15 | -5.6% |
| Recurring financial income | 75 | €262 | €247 | -€15 | -5.6% |
| Financial charges | 65/66B | €110,074 | €9,183 | -€100,891 | -91.7% |
| Recurring financial charges | 65 | €110,074 | €9,183 | -€100,891 | -91.7% |
| Profit (loss) for the period before taxes | 9903 | -€1,447,318 | -€998,988 | +€448,330 | +31.0% |
| Profit (loss) for the period | 9904 | -€1,447,318 | -€998,988 | +€448,330 | +31.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€1,447,318 | -€998,988 | +€448,330 | +31.0% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.