JACOBS PATRICK: 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 PATRICK
Largest movements
- Tangible fixed assets +€72,398
up €72,398 (+185.9%), from €38,947 to €111,345
of which Furniture and vehicles: +€84,510
- Receivables within one year -€7,537
down €7,537 (-5.4%), from €139,102 to €131,565
of which Trade receivables: -€11,655
- Cash +€3,561
up €3,561 (+3.6%), from €100,136 to €103,696
mainly Current portion of long-term debt (+€63,181) and Depreciation (+€25,307)
- Current portion of long-term debt +€63,181
up €63,181 (+480.5%), from €13,148 to €76,329
- Other debts +€25,131
new in 2025: €25,131
- Reserves -€15,606
down €15,606 (-22.5%), from €69,512 to €53,907
of which Distributable reserves: -€15,606
- Debts after one year -€13,929
down €13,929 (-33.4%), from €41,650 to €27,721
- Trade debts +€12,772
up €12,772 (+191.7%), from €6,662 to €19,434
- Depreciation +€13,065
up €13,065 (+106.7%), from €12,242 to €25,307
- Taxes +€8,388
up €8,388 (+77.5%), from €10,826 to €19,214
- Financial income +€6,963
new in 2025: €6,963
- Gross operating margin -€3,788
down €3,788 (-5.7%), from €66,020 to €62,231
- Financial charges -€2,162
down €2,162 (-14.8%), from €14,651 to €12,489
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 | €278,591 | €347,875 | +€69,284 | +24.9% |
| Fixed assets | 21/28 | €38,947 | €111,345 | +€72,398 | +185.9% |
| Tangible fixed assets | 22/27 | €38,947 | €111,345 | +€72,398 | +185.9% |
| Land and buildings | 22 | €37,860 | €25,748 | -€12,112 | -32.0% |
| Furniture and vehicles | 24 | €1,086 | €85,597 | +€84,510 | +7778.6% |
| Current assets | 29/58 | €239,644 | €236,530 | -€3,114 | -1.3% |
| Amounts receivable within one year | 40/41 | €139,102 | €131,565 | -€7,537 | -5.4% |
| Trade receivables | 40 | €12,664 | €1,009 | -€11,655 | -92.0% |
| Other amounts receivable | 41 | €126,438 | €130,555 | +€4,117 | +3.3% |
| Cash at bank and in hand | 54/58 | €100,136 | €103,696 | +€3,561 | +3.6% |
| Deferred charges and accrued income | 490/1 | €407 | €1,269 | +€862 | +211.9% |
| Total equity and liabilities | 10/49 | €278,591 | €347,875 | +€69,284 | +24.9% |
| Equity | 10/15 | €191,662 | €176,056 | -€15,606 | -8.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €69,512 | €53,907 | -€15,606 | -22.5% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €67,652 | €52,047 | -€15,606 | -23.1% |
| Profit (loss) carried forward | 14 | €103,549 | €103,549 | = | 0.0% |
| Amounts payable | 17/49 | €86,930 | €171,819 | +€84,889 | +97.7% |
| Amounts payable after more than one year | 17 | €41,650 | €27,721 | -€13,929 | -33.4% |
| Financial debts | 170/4 | €41,650 | €27,721 | -€13,929 | -33.4% |
| Amounts payable within one year | 42/48 | €45,280 | €144,098 | +€98,819 | +218.2% |
| Current portion of amounts payable after more than one year | 42 | €13,148 | €76,329 | +€63,181 | +480.5% |
| Trade debts | 44 | €6,662 | €19,434 | +€12,772 | +191.7% |
| Suppliers | 440/4 | €6,662 | €19,434 | +€12,772 | +191.7% |
| Taxes, remuneration and social security | 45 | €25,470 | €23,205 | -€2,266 | -8.9% |
| Taxes | 450/3 | €25,470 | €23,205 | -€2,266 | -8.9% |
| Other amounts payable | 47/48 | - | €25,131 | +€25,131 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,242 | €25,307 | +€13,065 | +106.7% |
| Other operating charges | 640/8 | €40 | €912 | +€872 | +2188.5% |
| Gross operating margin | 9900 | €66,020 | €62,231 | -€3,788 | -5.7% |
| Operating profit (loss) | 9901 | €53,738 | €36,012 | -€17,725 | -33.0% |
| Financial income | 75/76B | - | €6,963 | +€6,963 | |
| Recurring financial income | 75 | - | €6,963 | +€6,963 | |
| Financial charges | 65/66B | €14,651 | €12,489 | -€2,162 | -14.8% |
| Recurring financial charges | 65 | €14,651 | €12,489 | -€2,162 | -14.8% |
| Profit (loss) for the period before taxes | 9903 | €39,087 | €30,487 | -€8,600 | -22.0% |
| Income taxes | 67/77 | €10,826 | €19,214 | +€8,388 | +77.5% |
| Profit (loss) for the period | 9904 | €28,261 | €11,273 | -€16,988 | -60.1% |
| Profit (loss) for the period to be appropriated | 9905 | €28,261 | €11,273 | -€16,988 | -60.1% |
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 28 September 2026 via checked.be.