JACOBS: 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.
JACOBS
Largest movements
- Cash -€63,474
down €63,474 (-55.4%), from €114,615 to €51,140
mainly Receivables within one year (-€51,088) and Investment in fixed assets (net) (-€26,626)
- Receivables within one year +€51,088
up €51,088 (+47.0%), from €108,699 to €159,787
of which Trade receivables: +€57,872
- Stocks and contracts -€5,455
down €5,455 (-5.9%), from €92,957 to €87,501
- Trade debts -€23,987
down €23,987 (-18.1%), from €132,442 to €108,455
- Tax, wage and social debts +€11,562
up €11,562 (+61.0%), from €18,969 to €30,532
of which Taxes: +€13,512
- Provisions -€5,122
down €5,122 (-8.1%), from €63,518 to €58,396
- Gross operating margin +€88,854
up €88,854 (+360.6%), from €24,642 to €113,496
- Staff costs +€13,576
up €13,576 (+22.5%), from €60,389 to €73,966
- Provisions +€12,110
up €12,110 (+70.3%), from -€17,232 to -€5,122
- Depreciation -€3,613
down €3,613 (-13.7%), from €26,404 to €22,791
- Financial income +€1,443
up €1,443 (+193.8%), from €744 to €2,187
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 | €507,509 | €495,623 | -€11,886 | -2.3% |
| Fixed assets | 21/28 | €190,771 | €194,607 | +€3,835 | +2.0% |
| Tangible fixed assets | 22/27 | €190,771 | €194,607 | +€3,835 | +2.0% |
| Land and buildings | 22 | €172,063 | €177,446 | +€5,383 | +3.1% |
| Plant, machinery and equipment | 23 | €18,708 | €15,622 | -€3,086 | -16.5% |
| Furniture and vehicles | 24 | - | €1,538 | +€1,538 | |
| Current assets | 29/58 | €316,738 | €301,016 | -€15,722 | -5.0% |
| Stocks and contracts in progress | 3 | €92,957 | €87,501 | -€5,455 | -5.9% |
| Stocks | 30/36 | €92,957 | €87,501 | -€5,455 | -5.9% |
| Amounts receivable within one year | 40/41 | €108,699 | €159,787 | +€51,088 | +47.0% |
| Trade receivables | 40 | €96,825 | €154,697 | +€57,872 | +59.8% |
| Other amounts receivable | 41 | €11,874 | €5,090 | -€6,784 | -57.1% |
| Cash at bank and in hand | 54/58 | €114,615 | €51,140 | -€63,474 | -55.4% |
| Deferred charges and accrued income | 490/1 | €468 | €2,588 | +€2,120 | +453.0% |
| Total equity and liabilities | 10/49 | €507,509 | €495,623 | -€11,886 | -2.3% |
| Equity | 10/15 | €291,592 | €294,978 | +€3,387 | +1.2% |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Reserves | 13 | €244,737 | €244,737 | = | 0.0% |
| Non-distributable reserves | 130/1 | €25,496 | - | -€25,496 | |
| Reserves not available under the articles | 1311 | €25,496 | - | -€25,496 | |
| Tax-exempt reserves | 132 | €29,824 | €29,824 | = | 0.0% |
| Distributable reserves | 133 | €189,417 | €214,913 | +€25,496 | +13.5% |
| Profit (loss) carried forward | 14 | -€153,145 | -€149,759 | +€3,387 | +2.2% |
| Provisions and deferred taxes | 16 | €63,518 | €58,396 | -€5,122 | -8.1% |
| Provisions for liabilities and charges | 160/5 | €63,518 | €58,396 | -€5,122 | -8.1% |
| Environmental obligations | 163 | €63,518 | €58,396 | -€5,122 | -8.1% |
| Amounts payable | 17/49 | €152,400 | €142,249 | -€10,151 | -6.7% |
| Amounts payable within one year | 42/48 | €151,411 | €138,987 | -€12,424 | -8.2% |
| Trade debts | 44 | €132,442 | €108,455 | -€23,987 | -18.1% |
| Suppliers | 440/4 | €132,442 | €108,455 | -€23,987 | -18.1% |
| Taxes, remuneration and social security | 45 | €18,969 | €30,532 | +€11,562 | +61.0% |
| Taxes | 450/3 | €4,645 | €18,156 | +€13,512 | +290.9% |
| Remuneration and social security | 454/9 | €14,325 | €12,375 | -€1,949 | -13.6% |
| Accrued charges and deferred income | 492/3 | €989 | €3,262 | +€2,273 | +229.9% |
| Remuneration, social security and pensions | 62 | €60,389 | €73,966 | +€13,576 | +22.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,404 | €22,791 | -€3,613 | -13.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€45 | -€45 | |
| Provisions for liabilities and charges: additions (uses and reversals) | 635/8 | -€17,232 | -€5,122 | +€12,110 | +70.3% |
| Other operating charges | 640/8 | €13,868 | €12,907 | -€961 | -6.9% |
| Non-recurring operating charges | 66A | €17,232 | €5,122 | -€12,110 | -70.3% |
| Gross operating margin | 9900 | €24,642 | €113,496 | +€88,854 | +360.6% |
| Operating profit (loss) | 9901 | -€76,019 | €3,878 | +€79,897 | |
| Financial income | 75/76B | €744 | €2,187 | +€1,443 | +193.8% |
| Recurring financial income | 75 | €744 | €2,187 | +€1,443 | +193.8% |
| Financial charges | 65/66B | €3,652 | €2,371 | -€1,282 | -35.1% |
| Recurring financial charges | 65 | €3,652 | €2,371 | -€1,282 | -35.1% |
| Profit (loss) for the period before taxes | 9903 | -€78,927 | €3,694 | +€82,621 | |
| Income taxes | 67/77 | €268 | €307 | +€39 | +14.7% |
| Profit (loss) for the period | 9904 | -€79,195 | €3,387 | +€82,581 | |
| Profit (loss) for the period to be appropriated | 9905 | -€79,195 | €3,387 | +€82,581 |
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 5 October 2026 via checked.be.