Jacob: 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.
Jacob
Largest movements
- Tangible fixed assets -€29,801
down €29,801 (-43.3%), from €68,869 to €39,068
of which Plant, machinery and equipment: -€17,613
- Receivables within one year +€9,457
up €9,457 (+101.3%), from €9,340 to €18,797
of which Trade receivables: +€9,457
- Stocks and contracts -€4,025
down €4,025 (-38.0%), from €10,580 to €6,555
- Profit (loss) carried forward -€38,540
down €38,540 (-16.4%), from -€235,386 to -€273,926
- Other debts +€30,321
up €30,321 (+15.4%), from €196,883 to €227,204
- Tax, wage and social debts -€12,191
down €12,191 (-34.9%), from €34,891 to €22,700
of which Taxes: -€9,412
- Trade debts -€8,903
down €8,903 (-23.3%), from €38,150 to €29,248
- Debts after one year +€4,200
up €4,200 (+4.2%), from €100,000 to €104,200
- Gross operating margin -€106,166
down €106,166 (-37.8%), from €280,832 to €174,665
- Staff costs -€91,932
down €91,932 (-33.9%), from €271,406 to €179,474
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 | €154,999 | €129,886 | -€25,113 | -16.2% |
| Fixed assets | 21/28 | €70,672 | €40,466 | -€30,206 | -42.7% |
| Tangible fixed assets | 22/27 | €68,869 | €39,068 | -€29,801 | -43.3% |
| Plant, machinery and equipment | 23 | €43,625 | €26,012 | -€17,613 | -40.4% |
| Furniture and vehicles | 24 | €13,498 | €6,679 | -€6,818 | -50.5% |
| Other tangible fixed assets | 26 | €11,746 | €6,376 | -€5,370 | -45.7% |
| Financial fixed assets | 28 | €1,803 | €1,398 | -€405 | -22.5% |
| Current assets | 29/58 | €84,327 | €89,420 | +€5,093 | +6.0% |
| Stocks and contracts in progress | 3 | €10,580 | €6,555 | -€4,025 | -38.0% |
| Stocks | 30/36 | €10,580 | €6,555 | -€4,025 | -38.0% |
| Amounts receivable within one year | 40/41 | €9,340 | €18,797 | +€9,457 | +101.3% |
| Trade receivables | 40 | €5,833 | €15,290 | +€9,457 | +162.1% |
| Other amounts receivable | 41 | €3,507 | €3,507 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €59,095 | €59,797 | +€703 | +1.2% |
| Deferred charges and accrued income | 490/1 | €5,312 | €4,271 | -€1,041 | -19.6% |
| Total equity and liabilities | 10/49 | €154,999 | €129,886 | -€25,113 | -16.2% |
| Equity | 10/15 | -€214,926 | -€253,466 | -€38,540 | -17.9% |
| Contributions | 10/11 | €20,460 | €20,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€235,386 | -€273,926 | -€38,540 | -16.4% |
| Amounts payable | 17/49 | €369,924 | €383,352 | +€13,427 | +3.6% |
| Amounts payable after more than one year | 17 | €100,000 | €104,200 | +€4,200 | +4.2% |
| Financial debts | 170/4 | €100,000 | €104,200 | +€4,200 | +4.2% |
| Amounts payable within one year | 42/48 | €269,924 | €279,152 | +€9,227 | +3.4% |
| Trade debts | 44 | €38,150 | €29,248 | -€8,903 | -23.3% |
| Suppliers | 440/4 | €38,150 | €29,248 | -€8,903 | -23.3% |
| Taxes, remuneration and social security | 45 | €34,891 | €22,700 | -€12,191 | -34.9% |
| Taxes | 450/3 | €14,653 | €5,242 | -€9,412 | -64.2% |
| Remuneration and social security | 454/9 | €20,238 | €17,458 | -€2,780 | -13.7% |
| Other amounts payable | 47/48 | €196,883 | €227,204 | +€30,321 | +15.4% |
| Remuneration, social security and pensions | 62 | €271,406 | €179,474 | -€91,932 | -33.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,916 | €29,801 | +€1,885 | +6.8% |
| Other operating charges | 640/8 | €1,519 | €2,336 | +€817 | +53.8% |
| Gross operating margin | 9900 | €280,832 | €174,665 | -€106,166 | -37.8% |
| Operating profit (loss) | 9901 | -€20,009 | -€36,946 | -€16,936 | -84.6% |
| Financial income | 75/76B | €17 | €18 | +€1 | +5.8% |
| Recurring financial income | 75 | €17 | €18 | +€1 | +5.8% |
| Financial charges | 65/66B | €2,150 | €1,542 | -€608 | -28.3% |
| Recurring financial charges | 65 | €2,150 | €1,542 | -€608 | -28.3% |
| Profit (loss) for the period before taxes | 9903 | -€22,142 | -€38,470 | -€16,328 | -73.7% |
| Income taxes | 67/77 | €70 | €70 | +€1 | +1.0% |
| Profit (loss) for the period | 9904 | -€22,212 | -€38,540 | -€16,328 | -73.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€22,212 | -€38,540 | -€16,328 | -73.5% |
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 10 October 2026 via checked.be.