JACOBS ELS: 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 ELS
Largest movements
- Tangible fixed assets -€205,877
down €205,877 (-99.9%), from €206,016 to €138
of which Land and buildings: -€205,540
- Current investments +€158,327
up €158,327 (+4310.1%), from €3,673 to €162,000
- Receivables within one year +€127,742
up €127,742 (+394.8%), from €32,357 to €160,099
of which Other amounts receivable: +€129,451
- Cash +€5,390
new in 2025: €5,390
mainly Investment in fixed assets (net) (+€205,540) and Contributions, distributions and other (+€96,980)
- Reserves +€170,887
up €170,887 (+204.5%), from €83,549 to €254,436
of which Tax-exempt reserves: +€145,470
- Debts after one year -€130,312
down €130,312 (-100.0%), from €130,312 to €0
- Provisions +€48,490
new in 2025: €48,490
- Gross operating margin +€189,501
up €189,501 (+450.6%), from €42,055 to €231,556
- Depreciation -€17,235
down €17,235 (-98.1%), from €17,572 to €337
- Financial income +€5,108
up €5,108 (+280.8%), from €1,819 to €6,927
- Taxes +€4,144
up €4,144 (+60.5%), from €6,853 to €10,997
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 | €242,277 | €328,177 | +€85,900 | +35.5% |
| Fixed assets | 21/28 | €206,016 | €138 | -€205,877 | -99.9% |
| Tangible fixed assets | 22/27 | €206,016 | €138 | -€205,877 | -99.9% |
| Land and buildings | 22 | €205,540 | €0 | -€205,540 | -100.0% |
| Plant, machinery and equipment | 23 | €475 | €138 | -€337 | -70.9% |
| Current assets | 29/58 | €36,262 | €328,039 | +€291,777 | +804.6% |
| Amounts receivable within one year | 40/41 | €32,357 | €160,099 | +€127,742 | +394.8% |
| Trade receivables | 40 | €1,709 | €0 | -€1,709 | -100.0% |
| Other amounts receivable | 41 | €30,648 | €160,099 | +€129,451 | +422.4% |
| Current investments | 50/53 | €3,673 | €162,000 | +€158,327 | +4310.1% |
| Cash at bank and in hand | 54/58 | - | €5,390 | +€5,390 | |
| Deferred charges and accrued income | 490/1 | €231 | €549 | +€318 | +138.0% |
| Total equity and liabilities | 10/49 | €242,277 | €328,177 | +€85,900 | +35.5% |
| Equity | 10/15 | €95,949 | €266,836 | +€170,887 | +178.1% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Outside capital | 11 | €12,400 | - | -€12,400 | |
| Other | 1109/19 | €12,400 | - | -€12,400 | |
| Reserves | 13 | €83,549 | €254,436 | +€170,887 | +204.5% |
| Tax-exempt reserves | 132 | - | €145,470 | +€145,470 | |
| Distributable reserves | 133 | €83,549 | €108,966 | +€25,417 | +30.4% |
| Provisions and deferred taxes | 16 | - | €48,490 | +€48,490 | |
| Deferred taxes | 168 | - | €48,490 | +€48,490 | |
| Amounts payable | 17/49 | €146,328 | €12,852 | -€133,477 | -91.2% |
| Amounts payable after more than one year | 17 | €130,312 | €0 | -€130,312 | -100.0% |
| Financial debts | 170/4 | €130,312 | €0 | -€130,312 | -100.0% |
| Amounts payable within one year | 42/48 | €16,017 | €12,852 | -€3,165 | -19.8% |
| Financial debts | 43 | €5,096 | €3,364 | -€1,732 | -34.0% |
| Credit institutions | 430/8 | €5,096 | €3,364 | -€1,732 | -34.0% |
| Trade debts | 44 | €1,143 | €2,497 | +€1,354 | +118.5% |
| Suppliers | 440/4 | €1,143 | €2,497 | +€1,354 | +118.5% |
| Taxes, remuneration and social security | 45 | €9,778 | €6,990 | -€2,788 | -28.5% |
| Taxes | 450/3 | €9,778 | €6,990 | -€2,788 | -28.5% |
| Non-recurring operating income | 76A | - | €193,960 | +€193,960 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,572 | €337 | -€17,235 | -98.1% |
| Other operating charges | 640/8 | €3,135 | €2,463 | -€672 | -21.4% |
| Non-recurring operating charges | 66A | - | €0 | = | |
| Gross operating margin | 9900 | €42,055 | €231,556 | +€189,501 | +450.6% |
| Operating profit (loss) | 9901 | €21,348 | €228,756 | +€207,408 | +971.6% |
| Financial income | 75/76B | €1,819 | €6,927 | +€5,108 | +280.8% |
| Recurring financial income | 75 | €1,819 | €6,927 | +€5,108 | +280.8% |
| Financial charges | 65/66B | €3,530 | €5,308 | +€1,778 | +50.4% |
| Recurring financial charges | 65 | €2,865 | €5,308 | +€2,443 | +85.3% |
| Non-recurring financial charges | 66B | €666 | - | -€666 | |
| Profit (loss) for the period before taxes | 9903 | €19,636 | €230,374 | +€210,738 | +1073.2% |
| Transfer to deferred taxes | 680 | - | €145,470 | +€145,470 | |
| Income taxes | 67/77 | €6,853 | €10,997 | +€4,144 | +60.5% |
| Profit (loss) for the period | 9904 | €12,783 | €73,907 | +€61,124 | +478.2% |
| Transfer to tax-exempt reserves | 689 | - | €48,490 | +€48,490 | |
| Profit (loss) for the period to be appropriated | 9905 | €12,783 | €25,417 | +€12,634 | +98.8% |
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.