JACOBS KOELING: 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.
What changed
JACOBS KOELING
NACE 52.100, Warehousing and storage
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€243,602
2024 · €196,841+€46,761
Equity
€9.2m
2024 · €1.4m+€7.7m
Cash
€83,569
2024 · €236,934-€153,365
Balance sheet total
€13.8m
2024 · €6.7m+€7.2m
Largest movements
Assets
- Tangible fixed assets +€7.2m
up €7.2m (+134%), from €5.4m to €12.6m
of which Land and buildings: +€5.9m
- Cash -€153,365
down €153,365 (-64.7%), from €236,934 to €83,569
mainly Investment in fixed assets (net) (-€7.7m) and Debts after one year (-€443,644)
Equity and liabilities
- Revaluation surpluses +€7.5m
new in 2025: €7.5m
- Debts after one year -€443,644
down €443,644 (-9.9%), from €4.5m to €4.1m
- Profit (loss) carried forward +€256,116
up €256,116 (+78.3%), from €327,111 to €583,227
Income statement
- Gross operating margin +€62,701
up €62,701 (+6.3%), from €1.0m to €1.1m
- Depreciation -€33,455
down €33,455 (-5.9%), from €565,245 to €531,789
- Staff costs +€29,602
up €29,602 (+35.9%), from €82,343 to €111,945
- Taxes +€18,985
up €18,985 (+30.6%), from €62,014 to €80,999
- Financial charges -€10,785
down €10,785 (-10.0%), from €107,962 to €97,177
of which Financial charges: -€10,735
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.
Result 2024
€196,841
Gross operating margin
+€62,701
Staff costs
-€29,602
Depreciation
+€33,455
Other operating charges
-€1,606
Other operating items
-€877
Financial income
-€9,109
Financial charges
+€10,785
Taxes
-€18,985
Result 2025
€243,602
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€654,284
Investment
-€7.7m
Financing
+€6.9m
Cash 2024
€236,934
From operations (derived)
+€654,284
Net result for the year
+€243,602
Depreciation
+€531,789
Receivables within one year
-€119,830
Smaller working-capital items
-€27,223
Trade debts
+€25,946
Investment (derived)
-€7.7m
Investment in fixed assets (net)
-€7.7m
Financing
+€6.9m
Debts after one year
-€443,644
Current portion of long-term debt
-€91,765
Contributions, distributions and other
+€7.5m
Cash 2025
€83,569
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,660,436 | €13,842,454 | +€7.2m | +108% |
| Fixed assets | 21/28 | €5,373,057 | €12,579,860 | +€7.2m | +134% |
| Tangible fixed assets | 22/27 | €5,372,610 | €12,579,503 | +€7.2m | +134% |
| Land and buildings | 22 | €4,893,488 | €10,811,957 | +€5.9m | +121% |
| Plant, machinery and equipment | 23 | €395,998 | €1,152,869 | +€756,871 | +191% |
| Furniture and vehicles | 24 | €21,148 | €188,212 | +€167,064 | +790% |
| Other tangible fixed assets | 26 | €61,976 | €411,465 | +€349,489 | +564% |
| Assets under construction and advance payments | 27 | - | €15,000 | +€15,000 | |
| Financial fixed assets | 28 | €446 | €357 | -€89 | -20.0% |
| Current assets | 29/58 | €1,287,379 | €1,262,594 | -€24,785 | -1.9% |
| Amounts receivable within one year | 40/41 | €999,979 | €1,119,810 | +€119,830 | +12.0% |
| Trade receivables | 40 | €514,331 | €1,117,576 | +€603,245 | +117% |
| Other amounts receivable | 41 | €485,649 | €2,234 | -€483,415 | -99.5% |
| Cash at bank and in hand | 54/58 | €236,934 | €83,569 | -€153,365 | -64.7% |
| Deferred charges and accrued income | 490/1 | €50,466 | €59,215 | +€8,749 | +17.3% |
| Total equity and liabilities | 10/49 | €6,660,436 | €13,842,454 | +€7.2m | +108% |
| Equity | 10/15 | €1,447,497 | €9,157,452 | +€7.7m | +533% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Revaluation surpluses | 12 | - | €7,487,436 | +€7.5m | |
| Reserves | 13 | €931,883 | €919,369 | -€12,514 | -1.3% |
| Non-distributable reserves | 130/1 | €79,177 | €79,177 | = | 0.0% |
| Legal reserve | 130 | €79,177 | €79,177 | = | 0.0% |
| Tax-exempt reserves | 132 | €177,807 | €165,293 | -€12,514 | -7.0% |
| Distributable reserves | 133 | €674,900 | €674,900 | = | 0.0% |
| Profit (loss) carried forward | 14 | €327,111 | €583,227 | +€256,116 | +78.3% |
| Investment grants | 15 | €126,503 | €105,420 | -€21,083 | -16.7% |
| Provisions and deferred taxes | 16 | €31,202 | €27,031 | -€4,171 | -13.4% |
| Deferred taxes | 168 | €31,202 | €27,031 | -€4,171 | -13.4% |
| Amounts payable | 17/49 | €5,181,736 | €4,657,971 | -€523,765 | -10.1% |
| Amounts payable after more than one year | 17 | €4,503,186 | €4,059,542 | -€443,644 | -9.9% |
| Financial debts | 170/4 | €4,503,186 | €4,059,542 | -€443,644 | -9.9% |
| Amounts payable within one year | 42/48 | €651,837 | €572,074 | -€79,763 | -12.2% |
| Current portion of amounts payable after more than one year | 42 | €535,409 | €443,644 | -€91,765 | -17.1% |
| Trade debts | 44 | €61,695 | €87,641 | +€25,946 | +42.1% |
| Suppliers | 440/4 | €61,695 | €87,641 | +€25,946 | +42.1% |
| Taxes, remuneration and social security | 45 | €54,733 | €40,789 | -€13,944 | -25.5% |
| Taxes | 450/3 | €50,443 | €26,408 | -€24,035 | -47.6% |
| Remuneration and social security | 454/9 | €4,290 | €14,381 | +€10,091 | +235% |
| Accrued charges and deferred income | 492/3 | €26,713 | €26,355 | -€358 | -1.3% |
| Non-recurring operating income | 76A | €2,000 | €207 | -€1,793 | -89.7% |
| Remuneration, social security and pensions | 62 | €82,343 | €111,945 | +€29,602 | +35.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €565,245 | €531,789 | -€33,455 | -5.9% |
| Other operating charges | 640/8 | €32,919 | €34,525 | +€1,606 | +4.9% |
| Non-recurring operating charges | 66A | - | €877 | +€877 | |
| Gross operating margin | 9900 | €1,000,856 | €1,063,557 | +€62,701 | +6.3% |
| Operating profit (loss) | 9901 | €320,350 | €384,420 | +€64,071 | +20.0% |
| Financial income | 75/76B | €42,294 | €33,186 | -€9,109 | -21.5% |
| Recurring financial income | 75 | €42,294 | €33,186 | -€9,109 | -21.5% |
| Financial charges | 65/66B | €107,962 | €97,177 | -€10,785 | -10.0% |
| Recurring financial charges | 65 | €107,912 | €97,177 | -€10,735 | -9.9% |
| Non-recurring financial charges | 66B | €50 | - | -€50 | |
| Profit (loss) for the period before taxes | 9903 | €254,683 | €320,429 | +€65,746 | +25.8% |
| Transfer from deferred taxes | 780 | €4,171 | €4,171 | = | 0.0% |
| Income taxes | 67/77 | €62,014 | €80,999 | +€18,985 | +30.6% |
| Profit (loss) for the period | 9904 | €196,841 | €243,602 | +€46,761 | +23.8% |
| Transfer from tax-exempt reserves | 789 | €12,514 | €12,514 | = | 0.0% |
| Transfer to tax-exempt reserves | 689 | €84,200 | - | -€84,200 | |
| Profit (loss) for the period to be appropriated | 9905 | €125,155 | €256,116 | +€130,961 | +105% |
Source: filed annual accounts (NBB), financial years ended 31 August 2024 and 31 August 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.