Jacobs Law: 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.
Jacobs Law
Largest movements
- Tangible fixed assets -€29,735
down €29,735 (-8.2%), from €364,011 to €334,276
of which Land and buildings: -€18,974
- Receivables within one year -€20,838
down €20,838 (-42.2%), from €49,348 to €28,510
of which Trade receivables: -€23,669
- Intangible fixed assets -€16,000
down €16,000 (-50.0%), from €32,000 to €16,000
- Other debts -€48,858
down €48,858 (-97.9%), from €49,906 to €1,048
- Debts after one year -€38,756
down €38,756 (-18.8%), from €205,841 to €167,086
- Reserves +€35,045
up €35,045 (+25.5%), from €137,199 to €172,244
of which Distributable reserves: +€35,045
- Tax, wage and social debts -€13,932
down €13,932 (-66.7%), from €20,880 to €6,948
of which Taxes: -€15,713
- Gross operating margin -€9,921
down €9,921 (-6.9%), from €143,096 to €133,175
- Depreciation +€4,278
up €4,278 (+9.8%), from €43,833 to €48,112
- Other operating charges -€3,513
down €3,513 (-45.1%), from €7,790 to €4,277
- Taxes -€2,605
down €2,605 (-17.6%), from €14,774 to €12,169
- Financial income +€2,217
up €2,217 (+2,560%), from €87 to €2,304
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 | €483,907 | €418,001 | -€65,906 | -13.6% |
| Fixed assets | 21/28 | €396,011 | €350,276 | -€45,735 | -11.5% |
| Intangible fixed assets | 21 | €32,000 | €16,000 | -€16,000 | -50.0% |
| Tangible fixed assets | 22/27 | €364,011 | €334,276 | -€29,735 | -8.2% |
| Land and buildings | 22 | €324,671 | €305,697 | -€18,974 | -5.8% |
| Plant, machinery and equipment | 23 | €7,208 | €6,015 | -€1,194 | -16.6% |
| Furniture and vehicles | 24 | €30,930 | €21,964 | -€8,966 | -29.0% |
| Other tangible fixed assets | 26 | €1,202 | €601 | -€601 | -50.0% |
| Current assets | 29/58 | €87,896 | €67,725 | -€20,171 | -22.9% |
| Amounts receivable within one year | 40/41 | €49,348 | €28,510 | -€20,838 | -42.2% |
| Trade receivables | 40 | €49,348 | €25,679 | -€23,669 | -48.0% |
| Other amounts receivable | 41 | - | €2,831 | +€2,831 | |
| Cash at bank and in hand | 54/58 | €29,823 | €34,102 | +€4,279 | +14.3% |
| Deferred charges and accrued income | 490/1 | €8,725 | €5,112 | -€3,613 | -41.4% |
| Total equity and liabilities | 10/49 | €483,907 | €418,001 | -€65,906 | -13.6% |
| Equity | 10/15 | €155,799 | €190,844 | +€35,045 | +22.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €137,199 | €172,244 | +€35,045 | +25.5% |
| Tax-exempt reserves | 132 | €413 | €413 | = | 0.0% |
| Distributable reserves | 133 | €136,786 | €171,832 | +€35,045 | +25.6% |
| Amounts payable | 17/49 | €328,108 | €227,157 | -€100,951 | -30.8% |
| Amounts payable after more than one year | 17 | €205,841 | €167,086 | -€38,756 | -18.8% |
| Financial debts | 170/4 | €205,841 | €167,086 | -€38,756 | -18.8% |
| Amounts payable within one year | 42/48 | €122,267 | €60,071 | -€62,196 | -50.9% |
| Current portion of amounts payable after more than one year | 42 | €41,094 | €38,756 | -€2,338 | -5.7% |
| Financial debts | 43 | €721 | €386 | -€335 | -46.5% |
| Credit institutions | 430/8 | €721 | €386 | -€335 | -46.5% |
| Trade debts | 44 | €9,666 | €12,933 | +€3,268 | +33.8% |
| Suppliers | 440/4 | €9,666 | €12,933 | +€3,268 | +33.8% |
| Taxes, remuneration and social security | 45 | €20,880 | €6,948 | -€13,932 | -66.7% |
| Taxes | 450/3 | €16,740 | €1,027 | -€15,713 | -93.9% |
| Remuneration and social security | 454/9 | €4,140 | €5,921 | +€1,781 | +43.0% |
| Other amounts payable | 47/48 | €49,906 | €1,048 | -€48,858 | -97.9% |
| Remuneration, social security and pensions | 62 | €31,193 | €31,115 | -€78 | -0.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €43,833 | €48,112 | +€4,278 | +9.8% |
| Other operating charges | 640/8 | €7,790 | €4,277 | -€3,513 | -45.1% |
| Gross operating margin | 9900 | €143,096 | €133,175 | -€9,921 | -6.9% |
| Operating profit (loss) | 9901 | €60,280 | €49,671 | -€10,608 | -17.6% |
| Financial income | 75/76B | €87 | €2,304 | +€2,217 | +2,560% |
| Recurring financial income | 75 | €87 | €2,304 | +€2,217 | +2,560% |
| Financial charges | 65/66B | €4,850 | €4,761 | -€89 | -1.8% |
| Recurring financial charges | 65 | €4,850 | €4,761 | -€89 | -1.8% |
| Profit (loss) for the period before taxes | 9903 | €55,516 | €47,214 | -€8,302 | -15.0% |
| Income taxes | 67/77 | €14,774 | €12,169 | -€2,605 | -17.6% |
| Profit (loss) for the period | 9904 | €40,743 | €35,045 | -€5,697 | -14.0% |
| Profit (loss) for the period to be appropriated | 9905 | €40,743 | €35,045 | -€5,697 | -14.0% |
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 27 October 2026 via checked.be.