JACOAL: 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.
JACOAL
Largest movements
- Intangible fixed assets -€11,217
down €11,217 (-10.8%), from €104,049 to €92,832
- Cash +€11,204
up €11,204 (+87.6%), from €12,796 to €24,000
mainly Debts after one year (+€72,132) and Depreciation (+€13,338)
- Stocks and contracts +€7,843
up €7,843 (+153%), from €5,135 to €12,978
- Other debts -€80,308
down €80,308 (-67.2%), from €119,554 to €39,246
- Debts after one year +€72,132
new in 2025: €72,132
- Current portion of long-term debt +€7,452
new in 2025: €7,452
- Profit (loss) carried forward +€5,510
up €5,510 (+205%), from €2,689 to €8,199
- Trade debts +€2,670
up €2,670 (+74.6%), from €3,579 to €6,249
- Gross operating margin +€10,173
up €10,173 (+70.8%), from €14,364 to €24,537
- Depreciation +€3,696
up €3,696 (+38.3%), from €9,642 to €13,338
- Financial charges +€1,945
up €1,945 (+214%), from €909 to €2,854
- Taxes +€949
up €949 (+90.0%), from €1,054 to €2,003
- Other operating charges +€762
up €762 (+1,092%), from €70 to €832
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 | €133,818 | €140,871 | +€7,053 | +5.3% |
| Fixed assets | 21/28 | €113,124 | €101,132 | -€11,991 | -10.6% |
| Intangible fixed assets | 21 | €104,049 | €92,832 | -€11,217 | -10.8% |
| Tangible fixed assets | 22/27 | €8,980 | €8,205 | -€774 | -8.6% |
| Land and buildings | 22 | - | €1,326 | +€1,326 | |
| Furniture and vehicles | 24 | €8,980 | €6,880 | -€2,100 | -23.4% |
| Financial fixed assets | 28 | €95 | €95 | = | 0.0% |
| Current assets | 29/58 | €20,694 | €39,739 | +€19,045 | +92.0% |
| Stocks and contracts in progress | 3 | €5,135 | €12,978 | +€7,843 | +153% |
| Stocks | 30/36 | €5,135 | €12,978 | +€7,843 | +153% |
| Amounts receivable within one year | 40/41 | €572 | €60 | -€511 | -89.4% |
| Trade receivables | 40 | €572 | €60 | -€512 | -89.5% |
| Other amounts receivable | 41 | - | €0 | +€0 | |
| Cash at bank and in hand | 54/58 | €12,796 | €24,000 | +€11,204 | +87.6% |
| Deferred charges and accrued income | 490/1 | €2,191 | €2,700 | +€509 | +23.2% |
| Total equity and liabilities | 10/49 | €133,818 | €140,871 | +€7,053 | +5.3% |
| Equity | 10/15 | €5,689 | €11,199 | +€5,510 | +96.9% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,689 | €8,199 | +€5,510 | +205% |
| Amounts payable | 17/49 | €128,128 | €129,671 | +€1,543 | +1.2% |
| Amounts payable after more than one year | 17 | - | €72,132 | +€72,132 | |
| Financial debts | 170/4 | - | €72,132 | +€72,132 | |
| Amounts payable within one year | 42/48 | €128,128 | €57,075 | -€71,053 | -55.5% |
| Current portion of amounts payable after more than one year | 42 | - | €7,452 | +€7,452 | |
| Trade debts | 44 | €3,579 | €6,249 | +€2,670 | +74.6% |
| Suppliers | 440/4 | €3,579 | €6,249 | +€2,670 | +74.6% |
| Taxes, remuneration and social security | 45 | €4,995 | €4,128 | -€867 | -17.4% |
| Taxes | 450/3 | €4,995 | €4,128 | -€867 | -17.4% |
| Other amounts payable | 47/48 | €119,554 | €39,246 | -€80,308 | -67.2% |
| Accrued charges and deferred income | 492/3 | - | €464 | +€464 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,642 | €13,338 | +€3,696 | +38.3% |
| Other operating charges | 640/8 | €70 | €832 | +€762 | +1,092% |
| Gross operating margin | 9900 | €14,364 | €24,537 | +€10,173 | +70.8% |
| Operating profit (loss) | 9901 | €4,652 | €10,367 | +€5,715 | +123% |
| Financial charges | 65/66B | €909 | €2,854 | +€1,945 | +214% |
| Recurring financial charges | 65 | €909 | €2,854 | +€1,945 | +214% |
| Profit (loss) for the period before taxes | 9903 | €3,743 | €7,513 | +€3,770 | +101% |
| Income taxes | 67/77 | €1,054 | €2,003 | +€949 | +90.0% |
| Profit (loss) for the period | 9904 | €2,689 | €5,510 | +€2,821 | +105% |
| Profit (loss) for the period to be appropriated | 9905 | €2,689 | €5,510 | +€2,821 | +105% |
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 15 October 2026 via checked.be.