Jacobsen Management: 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.
Jacobsen Management
Largest movements
- Tangible fixed assets +€27,238
up €27,238 (+56.0%), from €48,630 to €75,868
of which Other tangible fixed assets: +€14,827
- Receivables within one year -€19,556
down €19,556 (-38.5%), from €50,835 to €31,279
of which Other amounts receivable: -€12,014
- Cash +€12,649
up €12,649 (+14.6%), from €86,727 to €99,376
mainly Net result for the year (+€89,871) and Receivables within one year (+€19,556)
- Other debts +€12,346
up €12,346 (+17.0%), from €72,580 to €84,926
- Reserves +€9,871
up €9,871 (+10.5%), from €94,117 to €103,988
- Trade debts -€3,855
down €3,855 (-65.9%), from €5,853 to €1,998
- Gross operating margin +€21,027
up €21,027 (+22.5%), from €93,430 to €114,457
- Other operating charges +€2,665
up €2,665 (+72.9%), from €3,653 to €6,319
- Depreciation +€2,096
up €2,096 (+35.0%), from €5,987 to €8,083
- Financial charges -€1,872
down €1,872 (-35.3%), from €5,303 to €3,432
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 | €190,661 | €209,771 | +€19,110 | +10.0% |
| Fixed assets | 21/28 | €48,630 | €75,868 | +€27,238 | +56.0% |
| Tangible fixed assets | 22/27 | €48,630 | €75,868 | +€27,238 | +56.0% |
| Plant, machinery and equipment | 23 | €2,216 | €5,089 | +€2,873 | +130% |
| Furniture and vehicles | 24 | €0 | €9,538 | +€9,538 | |
| Other tangible fixed assets | 26 | €46,414 | €61,241 | +€14,827 | +31.9% |
| Current assets | 29/58 | €142,031 | €133,903 | -€8,128 | -5.7% |
| Amounts receivable within one year | 40/41 | €50,835 | €31,279 | -€19,556 | -38.5% |
| Trade receivables | 40 | €16,001 | €8,459 | -€7,542 | -47.1% |
| Other amounts receivable | 41 | €34,834 | €22,821 | -€12,014 | -34.5% |
| Cash at bank and in hand | 54/58 | €86,727 | €99,376 | +€12,649 | +14.6% |
| Deferred charges and accrued income | 490/1 | €4,469 | €3,248 | -€1,221 | -27.3% |
| Total equity and liabilities | 10/49 | €190,661 | €209,771 | +€19,110 | +10.0% |
| Equity | 10/15 | €104,117 | €113,988 | +€9,871 | +9.5% |
| Contributions | 10/11 | €10,000 | €10,000 | = | 0.0% |
| Reserves | 13 | €94,117 | €103,988 | +€9,871 | +10.5% |
| Distributable reserves | 133 | €94,117 | €103,988 | +€9,871 | +10.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €86,544 | €95,783 | +€9,239 | +10.7% |
| Amounts payable within one year | 42/48 | €83,919 | €93,158 | +€9,239 | +11.0% |
| Trade debts | 44 | €5,853 | €1,998 | -€3,855 | -65.9% |
| Suppliers | 440/4 | €5,853 | €1,998 | -€3,855 | -65.9% |
| Taxes, remuneration and social security | 45 | €5,486 | €6,234 | +€748 | +13.6% |
| Taxes | 450/3 | €5,486 | €6,234 | +€748 | +13.6% |
| Other amounts payable | 47/48 | €72,580 | €84,926 | +€12,346 | +17.0% |
| Accrued charges and deferred income | 492/3 | €2,625 | €2,625 | = | 0.0% |
| Non-recurring operating income | 76A | €590 | €0 | -€590 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,987 | €8,083 | +€2,096 | +35.0% |
| Other operating charges | 640/8 | €3,653 | €6,319 | +€2,665 | +72.9% |
| Gross operating margin | 9900 | €93,430 | €114,457 | +€21,027 | +22.5% |
| Operating profit (loss) | 9901 | €83,790 | €100,056 | +€16,266 | +19.4% |
| Financial income | 75/76B | €70 | €846 | +€777 | +1,116% |
| Recurring financial income | 75 | €70 | €846 | +€777 | +1,116% |
| Financial charges | 65/66B | €5,303 | €3,432 | -€1,872 | -35.3% |
| Recurring financial charges | 65 | €5,303 | €3,432 | -€1,872 | -35.3% |
| Profit (loss) for the period before taxes | 9903 | €78,556 | €97,470 | +€18,914 | +24.1% |
| Income taxes | 67/77 | €8,437 | €7,600 | -€837 | -9.9% |
| Profit (loss) for the period | 9904 | €70,119 | €89,871 | +€19,752 | +28.2% |
| Profit (loss) for the period to be appropriated | 9905 | €70,119 | €89,871 | +€19,752 | +28.2% |
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.