JACO'S: 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'S
Largest movements
- Cash -€26,723
down €26,723 (-52.0%), from €51,397 to €24,674
mainly Investment in fixed assets (net) (-€40,693) and Advances received (-€30,938)
- Receivables within one year +€12,067
up €12,067 (+58.5%), from €20,626 to €32,693
of which Trade receivables: +€17,858
- Tangible fixed assets -€9,352
down €9,352 (-3.3%), from €284,371 to €275,019
of which Land and buildings: -€13,507
- Contributions +€45,000
up €45,000 (+36.0%), from €125,000 to €170,000
- Advances received -€30,938
down €30,938 (-84.8%), from €36,491 to €5,553
- Other debts -€29,302
down €29,302 (-55.6%), from €52,737 to €23,435
- Reserves -€19,489
down €19,489 (-15.8%), from €123,721 to €104,232
- Accrued charges and deferred income +€15,923
up €15,923 (+213%), from €7,474 to €23,397
- Gross operating margin -€52,053
down €52,053 (-16.3%), from €319,266 to €267,213
- Taxes -€16,447
no longer reported in 2025 (was €16,447)
- Staff costs +€12,065
up €12,065 (+6.0%), from €200,317 to €212,382
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 | €401,523 | €377,834 | -€23,689 | -5.9% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €288,959 | €278,947 | -€10,012 | -3.5% |
| Intangible fixed assets | 21 | €2,338 | €1,678 | -€660 | -28.2% |
| Tangible fixed assets | 22/27 | €284,371 | €275,019 | -€9,352 | -3.3% |
| Land and buildings | 22 | €81,637 | €68,130 | -€13,507 | -16.5% |
| Plant, machinery and equipment | 23 | €45,511 | €32,344 | -€13,167 | -28.9% |
| Furniture and vehicles | 24 | €18,466 | €14,175 | -€4,291 | -23.2% |
| Other tangible fixed assets | 26 | €138,756 | €160,369 | +€21,613 | +15.6% |
| Financial fixed assets | 28 | €2,250 | €2,250 | = | 0.0% |
| Current assets | 29/58 | €112,565 | €98,887 | -€13,677 | -12.2% |
| Stocks and contracts in progress | 3 | €37,793 | €37,363 | -€430 | -1.1% |
| Stocks | 30/36 | €37,793 | €37,363 | -€430 | -1.1% |
| Amounts receivable within one year | 40/41 | €20,626 | €32,693 | +€12,067 | +58.5% |
| Trade receivables | 40 | €14,570 | €32,428 | +€17,858 | +123% |
| Other amounts receivable | 41 | €6,056 | €265 | -€5,791 | -95.6% |
| Cash at bank and in hand | 54/58 | €51,397 | €24,674 | -€26,723 | -52.0% |
| Deferred charges and accrued income | 490/1 | €2,749 | €4,157 | +€1,408 | +51.2% |
| Total equity and liabilities | 10/49 | €401,523 | €377,834 | -€23,689 | -5.9% |
| Equity | 10/15 | €248,721 | €274,232 | +€25,511 | +10.3% |
| Contributions | 10/11 | €125,000 | €170,000 | +€45,000 | +36.0% |
| Reserves | 13 | €123,721 | €104,232 | -€19,489 | -15.8% |
| Distributable reserves | 133 | €123,721 | €104,232 | -€19,489 | -15.8% |
| Amounts payable | 17/49 | €152,802 | €103,602 | -€49,200 | -32.2% |
| Amounts payable within one year | 42/48 | €145,328 | €80,204 | -€65,124 | -44.8% |
| Trade debts | 44 | €31,700 | €34,486 | +€2,786 | +8.8% |
| Suppliers | 440/4 | €31,700 | €34,486 | +€2,786 | +8.8% |
| Advances received on contracts in progress | 46 | €36,491 | €5,553 | -€30,938 | -84.8% |
| Taxes, remuneration and social security | 45 | €24,400 | €16,731 | -€7,670 | -31.4% |
| Taxes | 450/3 | €23,006 | €14,716 | -€8,290 | -36.0% |
| Remuneration and social security | 454/9 | €1,394 | €2,015 | +€620 | +44.5% |
| Other amounts payable | 47/48 | €52,737 | €23,435 | -€29,302 | -55.6% |
| Accrued charges and deferred income | 492/3 | €7,474 | €23,397 | +€15,923 | +213% |
| Remuneration, social security and pensions | 62 | €200,317 | €212,382 | +€12,065 | +6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €49,493 | €50,705 | +€1,212 | +2.4% |
| Other operating charges | 640/8 | €1,671 | €1,724 | +€53 | +3.2% |
| Gross operating margin | 9900 | €319,266 | €267,213 | -€52,053 | -16.3% |
| Operating profit (loss) | 9901 | €67,785 | €2,402 | -€65,383 | -96.5% |
| Financial income | 75/76B | €387 | €4 | -€383 | -98.9% |
| Recurring financial income | 75 | €387 | €4 | -€383 | -98.9% |
| Financial charges | 65/66B | €2,047 | €1,896 | -€152 | -7.4% |
| Recurring financial charges | 65 | €2,047 | €1,896 | -€152 | -7.4% |
| Profit (loss) for the period before taxes | 9903 | €66,125 | €511 | -€65,614 | -99.2% |
| Income taxes | 67/77 | €16,447 | - | -€16,447 | |
| Profit (loss) for the period | 9904 | €49,677 | €511 | -€49,167 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €49,677 | €511 | -€49,167 | -99.0% |
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 31 October 2026 via checked.be.