JACOBSEN: 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.
JACOBSEN
Largest movements
- Tangible fixed assets -€16,776
down €16,776 (-42.2%), from €39,715 to €22,939
of which Furniture and vehicles: -€16,087
- Cash +€8,610
up €8,610 (+64.9%), from €13,260 to €21,869
mainly Other debts (+€27,812) and Net result for the year (+€26,800)
- Deferred charges and accrued income +€3,352
up €3,352 (+406.6%), from €824 to €4,177
- Other debts +€27,812
up €27,812 (+171.4%), from €16,230 to €44,041
- Reserves -€26,954
down €26,954 (-87.8%), from €30,688 to €3,734
- Current portion of long-term debt -€9,121
down €9,121 (-75.0%), from €12,161 to €3,040
- Tax, wage and social debts +€3,573
up €3,573 (+30.2%), from €11,836 to €15,409
- Debts after one year -€3,040
no longer reported in 2025 (was €3,040)
- Gross operating margin -€9,654
down €9,654 (-14.3%), from €67,508 to €57,855
- Financial income +€1,131
up €1,131 (+3770666.7%), from €0 to €1,131
of which Non-recurring financial income: +€1,131
- Taxes -€1,117
down €1,117 (-10.5%), from €10,668 to €9,552
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 | €94,001 | €88,607 | -€5,394 | -5.7% |
| Fixed assets | 21/28 | €39,715 | €22,939 | -€16,776 | -42.2% |
| Tangible fixed assets | 22/27 | €39,715 | €22,939 | -€16,776 | -42.2% |
| Plant, machinery and equipment | 23 | €12,141 | €11,452 | -€689 | -5.7% |
| Furniture and vehicles | 24 | €27,574 | €11,487 | -€16,087 | -58.3% |
| Current assets | 29/58 | €54,285 | €65,668 | +€11,382 | +21.0% |
| Amounts receivable within one year | 40/41 | €40,201 | €39,621 | -€580 | -1.4% |
| Trade receivables | 40 | €36,701 | €39,621 | +€2,920 | +8.0% |
| Other amounts receivable | 41 | €3,500 | - | -€3,500 | |
| Cash at bank and in hand | 54/58 | €13,260 | €21,869 | +€8,610 | +64.9% |
| Deferred charges and accrued income | 490/1 | €824 | €4,177 | +€3,352 | +406.6% |
| Total equity and liabilities | 10/49 | €94,001 | €88,607 | -€5,394 | -5.7% |
| Equity | 10/15 | €49,288 | €22,334 | -€26,954 | -54.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €30,688 | €3,734 | -€26,954 | -87.8% |
| Distributable reserves | 133 | €30,688 | €3,734 | -€26,954 | -87.8% |
| Amounts payable | 17/49 | €44,713 | €66,273 | +€21,560 | +48.2% |
| Amounts payable after more than one year | 17 | €3,040 | - | -€3,040 | |
| Financial debts | 170/4 | €3,040 | - | -€3,040 | |
| Amounts payable within one year | 42/48 | €40,672 | €65,273 | +€24,600 | +60.5% |
| Current portion of amounts payable after more than one year | 42 | €12,161 | €3,040 | -€9,121 | -75.0% |
| Trade debts | 44 | €446 | €2,782 | +€2,336 | +523.8% |
| Suppliers | 440/4 | €446 | €2,782 | +€2,336 | +523.8% |
| Taxes, remuneration and social security | 45 | €11,836 | €15,409 | +€3,573 | +30.2% |
| Taxes | 450/3 | €11,836 | €15,409 | +€3,573 | +30.2% |
| Other amounts payable | 47/48 | €16,230 | €44,041 | +€27,812 | +171.4% |
| Accrued charges and deferred income | 492/3 | €1,000 | €1,000 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €20,872 | €20,810 | -€62 | -0.3% |
| Other operating charges | 640/8 | €1,257 | €1,016 | -€241 | -19.2% |
| Non-recurring operating charges | 66A | - | €365 | +€365 | |
| Gross operating margin | 9900 | €67,508 | €57,855 | -€9,654 | -14.3% |
| Operating profit (loss) | 9901 | €45,379 | €35,663 | -€9,716 | -21.4% |
| Financial income | 75/76B | €0 | €1,131 | +€1,131 | +3770666.7% |
| Recurring financial income | 75 | €0 | €0 | -€0 | -66.7% |
| Non-recurring financial income | 76B | - | €1,131 | +€1,131 | |
| Financial charges | 65/66B | €541 | €443 | -€98 | -18.2% |
| Recurring financial charges | 65 | €541 | €443 | -€98 | -18.2% |
| Profit (loss) for the period before taxes | 9903 | €44,838 | €36,352 | -€8,486 | -18.9% |
| Income taxes | 67/77 | €10,668 | €9,552 | -€1,117 | -10.5% |
| Profit (loss) for the period | 9904 | €34,170 | €26,800 | -€7,369 | -21.6% |
| Profit (loss) for the period to be appropriated | 9905 | €34,170 | €26,800 | -€7,369 | -21.6% |
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 8 October 2026 via checked.be.