JACOHOLD: what changed
What changed
JACOHOLD
NACE 64.210, Activities of holding companies
filed annual accounts (NBB)
Net result for the year
€114,870
2024 · -€204,270+€319,140
Equity
€110,601
2024 · -€4,270+€114,870
Cash
€52,153
2024 · €88,077-€35,924
Balance sheet total
€7.3m
2024 · €5.7m+€1.6m
Largest movements
Assets
- Tangible fixed assets +€1.1m
new in 2025: €1.1m
- Current investments +€600,000
up €600,000 (+1,200%), from €50,000 to €650,000
Equity and liabilities
- Debts after one year +€1.9m
up €1.9m (+43.8%), from €4.4m to €6.4m
- Other debts -€600,000
down €600,000 (-75.0%), from €800,000 to €200,000
- Profit (loss) carried forward +€114,870
up €114,870 (+56.2%), from -€204,270 to -€89,399
- Tax, wage and social debts +€84,580
up €84,580 (+1,120%), from €7,555 to €92,135
Income statement
- Gross operating margin +€716,640
up €716,640, from -€152,414 to €564,225
- Financial charges +€214,051
up €214,051 (+414%), from €51,751 to €265,802
- Depreciation +€180,905
up €180,905 (+174,065%), from €104 to €181,009
- Other operating charges +€9,248
new in 2025: €9,248
- Financial income +€6,705
new in 2025: €6,705
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
-€204,270
Gross operating margin
+€716,640
Depreciation
-€180,905
Other operating charges
-€9,248
Financial income
+€6,705
Financial charges
-€214,051
Result 2025
€114,870
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
-€189,735
Investment
-€1.9m
Financing
+€2.0m
Cash 2024
€88,077
From operations (derived)
-€189,735
Net result for the year
+€114,870
Depreciation
+€181,009
Smaller working-capital items
-€3,433
Tax, wage and social debts
+€84,580
Other debts
-€600,000
Accrued charges and deferred income
+€33,238
Investment (derived)
-€1.9m
Investment in fixed assets (net)
-€1.3m
Current investments
-€600,000
Financing
+€2.0m
Debts after one year
+€1.9m
Current portion of long-term debt
+€67,421
Cash 2025
€52,153
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,701,804 | €7,343,430 | +€1.6m | +28.8% |
| Formation expenses | 20 | €726 | €560 | -€166 | -22.9% |
| Fixed assets | 21/28 | €5,563,000 | €6,637,000 | +€1.1m | +19.3% |
| Tangible fixed assets | 22/27 | - | €1,074,000 | +€1.1m | |
| Land and buildings | 22 | - | €1,074,000 | +€1.1m | |
| Financial fixed assets | 28 | €5,563,000 | €5,563,000 | = | 0.0% |
| Current assets | 29/58 | €138,077 | €705,870 | +€567,792 | +411% |
| Amounts receivable within one year | 40/41 | - | €2,011 | +€2,011 | |
| Other amounts receivable | 41 | - | €2,011 | +€2,011 | |
| Current investments | 50/53 | €50,000 | €650,000 | +€600,000 | +1,200% |
| Cash at bank and in hand | 54/58 | €88,077 | €52,153 | -€35,924 | -40.8% |
| Deferred charges and accrued income | 490/1 | - | €1,705 | +€1,705 | |
| Total equity and liabilities | 10/49 | €5,701,804 | €7,343,430 | +€1.6m | +28.8% |
| Equity | 10/15 | -€4,270 | €110,601 | +€114,870 | |
| Contributions | 10/11 | €200,000 | €200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€204,270 | -€89,399 | +€114,870 | +56.2% |
| Amounts payable | 17/49 | €5,706,073 | €7,232,829 | +€1.5m | +26.8% |
| Amounts payable after more than one year | 17 | €4,434,750 | €6,375,983 | +€1.9m | +43.8% |
| Financial debts | 170/4 | €4,434,750 | €6,375,983 | +€1.9m | +43.8% |
| Amounts payable within one year | 42/48 | €1,226,805 | €779,090 | -€447,715 | -36.5% |
| Current portion of amounts payable after more than one year | 42 | €419,250 | €486,671 | +€67,421 | +16.1% |
| Trade debts | 44 | - | €284 | +€284 | |
| Suppliers | 440/4 | - | €284 | +€284 | |
| Taxes, remuneration and social security | 45 | €7,555 | €92,135 | +€84,580 | +1,120% |
| Taxes | 450/3 | €7,555 | €92,135 | +€84,580 | +1,120% |
| Other amounts payable | 47/48 | €800,000 | €200,000 | -€600,000 | -75.0% |
| Accrued charges and deferred income | 492/3 | €44,519 | €77,756 | +€33,238 | +74.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €104 | €181,009 | +€180,905 | +174,065% |
| Other operating charges | 640/8 | - | €9,248 | +€9,248 | |
| Gross operating margin | 9900 | -€152,414 | €564,225 | +€716,640 | |
| Operating profit (loss) | 9901 | -€152,518 | €373,968 | +€526,486 | |
| Financial income | 75/76B | - | €6,705 | +€6,705 | |
| Recurring financial income | 75 | - | €6,705 | +€6,705 | |
| Financial charges | 65/66B | €51,751 | €265,802 | +€214,051 | +414% |
| Recurring financial charges | 65 | €51,751 | €265,802 | +€214,051 | +414% |
| Profit (loss) for the period before taxes | 9903 | -€204,270 | €114,870 | +€319,140 | |
| Profit (loss) for the period | 9904 | -€204,270 | €114,870 | +€319,140 | |
| Profit (loss) for the period to be appropriated | 9905 | -€204,270 | €114,870 | +€319,140 |
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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.