Jacobs Reels: what changed
What changed
Jacobs Reels
NACE 16.281, Manufacture of other wood products
filed annual accounts (NBB)
Net result for the year
€135,033
2024 · €207,456-€72,423
Equity
€1.5m
2024 · €1.4m+€135,033
Cash
€829,630
2024 · €660,067+€169,564
Balance sheet total
€2.4m
2024 · €2.5m-€32,173
Largest movements
Assets
- Cash +€169,564
up €169,564 (+25.7%), from €660,067 to €829,630
mainly Current investments (+€150,000) and Net result for the year (+€135,033)
- Current investments -€150,000
no longer reported in 2025 (was €150,000)
- Receivables within one year +€67,770
up €67,770 (+17.8%), from €380,512 to €448,282
of which Trade receivables: +€77,422
- Tangible fixed assets -€64,797
down €64,797 (-9.8%), from €660,454 to €595,657
- Stocks and contracts -€42,480
down €42,480 (-7.2%), from €594,071 to €551,591
Equity and liabilities
- Reserves +€135,033
up €135,033 (+9.7%), from €1.4m to €1.5m
- Current portion of long-term debt -€74,690
down €74,690 (-57.3%), from €130,351 to €55,660
- Debts after one year -€55,660
down €55,660 (-9.3%), from €595,750 to €540,090
- Trade debts -€51,499
down €51,499 (-33.9%), from €151,931 to €100,432
Income statement
- Gross operating margin -€73,553
down €73,553 (-7.5%), from €981,391 to €907,837
- Taxes -€24,023
down €24,023 (-34.1%), from €70,462 to €46,439
- Staff costs +€20,305
up €20,305 (+3.5%), from €583,475 to €603,780
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€207,456
Gross operating margin
-€73,553
Staff costs
-€20,305
Depreciation
+€3,400
Other operating charges
-€3,255
Financial income
-€3,728
Financial charges
+€995
Taxes
+€24,023
Result 2025
€135,033
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€180,306
Investment
+€119,609
Financing
-€130,351
Cash 2024
€660,067
From operations (derived)
+€180,306
Net result for the year
+€135,033
Depreciation
+€95,418
Receivables after one year
+€12,000
Stocks and contracts
+€42,480
Receivables within one year
-€67,770
Trade debts
-€51,499
Tax, wage and social debts
+€16,857
Other debts
-€2,214
Investment (derived)
+€119,609
Investment in fixed assets (net)
-€30,391
Current investments
+€150,000
Financing
-€130,351
Debts after one year
-€55,660
Current portion of long-term debt
-€74,690
Cash 2025
€829,630
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,481,334 | €2,449,160 | -€32,173 | -1.3% |
| Fixed assets | 21/28 | €660,684 | €595,657 | -€65,027 | -9.8% |
| Intangible fixed assets | 21 | €230 | - | -€230 | |
| Tangible fixed assets | 22/27 | €660,454 | €595,657 | -€64,797 | -9.8% |
| Land and buildings | 22 | €326,597 | €300,532 | -€26,065 | -8.0% |
| Plant, machinery and equipment | 23 | €215,449 | €204,986 | -€10,462 | -4.9% |
| Furniture and vehicles | 24 | €118,408 | €90,138 | -€28,270 | -23.9% |
| Current assets | 29/58 | €1,820,650 | €1,853,504 | +€32,854 | +1.8% |
| Amounts receivable after more than one year | 29 | €36,000 | €24,000 | -€12,000 | -33.3% |
| Other amounts receivable | 291 | €36,000 | €24,000 | -€12,000 | -33.3% |
| Stocks and contracts in progress | 3 | €594,071 | €551,591 | -€42,480 | -7.2% |
| Stocks | 30/36 | €594,071 | €551,591 | -€42,480 | -7.2% |
| Amounts receivable within one year | 40/41 | €380,512 | €448,282 | +€67,770 | +17.8% |
| Trade receivables | 40 | €309,304 | €386,725 | +€77,422 | +25.0% |
| Other amounts receivable | 41 | €71,209 | €61,557 | -€9,651 | -13.6% |
| Current investments | 50/53 | €150,000 | - | -€150,000 | |
| Cash at bank and in hand | 54/58 | €660,067 | €829,630 | +€169,564 | +25.7% |
| Total equity and liabilities | 10/49 | €2,481,334 | €2,449,160 | -€32,173 | -1.3% |
| Equity | 10/15 | €1,402,503 | €1,537,537 | +€135,033 | +9.6% |
| Contributions | 10/11 | €7,445 | €7,445 | = | 0.0% |
| Reserves | 13 | €1,395,059 | €1,530,092 | +€135,033 | +9.7% |
| Distributable reserves | 133 | €1,395,059 | €1,530,092 | +€135,033 | +9.7% |
| Amounts payable | 17/49 | €1,078,830 | €911,624 | -€167,207 | -15.5% |
| Amounts payable after more than one year | 17 | €595,750 | €540,090 | -€55,660 | -9.3% |
| Financial debts | 170/4 | €595,750 | €540,090 | -€55,660 | -9.3% |
| Amounts payable within one year | 42/48 | €483,080 | €371,534 | -€111,546 | -23.1% |
| Current portion of amounts payable after more than one year | 42 | €130,351 | €55,660 | -€74,690 | -57.3% |
| Trade debts | 44 | €151,931 | €100,432 | -€51,499 | -33.9% |
| Suppliers | 440/4 | €151,931 | €100,432 | -€51,499 | -33.9% |
| Taxes, remuneration and social security | 45 | €52,153 | €69,010 | +€16,857 | +32.3% |
| Remuneration and social security | 454/9 | €52,153 | €69,010 | +€16,857 | +32.3% |
| Other amounts payable | 47/48 | €148,645 | €146,431 | -€2,214 | -1.5% |
| Non-recurring operating income | 76A | €51,319 | €43,269 | -€8,050 | -15.7% |
| Remuneration, social security and pensions | 62 | €583,475 | €603,780 | +€20,305 | +3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €98,818 | €95,418 | -€3,400 | -3.4% |
| Other operating charges | 640/8 | €11,253 | €14,508 | +€3,255 | +28.9% |
| Gross operating margin | 9900 | €981,391 | €907,837 | -€73,553 | -7.5% |
| Operating profit (loss) | 9901 | €287,844 | €194,131 | -€93,713 | -32.6% |
| Financial income | 75/76B | €17,684 | €13,956 | -€3,728 | -21.1% |
| Recurring financial income | 75 | €17,684 | €13,956 | -€3,728 | -21.1% |
| Financial charges | 65/66B | €27,610 | €26,616 | -€995 | -3.6% |
| Recurring financial charges | 65 | €27,610 | €26,616 | -€995 | -3.6% |
| Profit (loss) for the period before taxes | 9903 | €277,918 | €181,472 | -€96,446 | -34.7% |
| Income taxes | 67/77 | €70,462 | €46,439 | -€24,023 | -34.1% |
| Profit (loss) for the period | 9904 | €207,456 | €135,033 | -€72,423 | -34.9% |
| Profit (loss) for the period to be appropriated | 9905 | €207,456 | €135,033 | -€72,423 | -34.9% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.