JaCon: 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.
JaCon
Largest movements
- Receivables within one year -€22,751
down €22,751 (-55.2%), from €41,217 to €18,465
of which Trade receivables: -€11,775
- Current investments -€6,659
down €6,659 (-10.4%), from €64,000 to €57,341
- Cash +€4,252
up €4,252 (+5.8%), from €73,173 to €77,425
mainly Receivables within one year (+€22,751) and Current investments (+€6,659)
- Deferred charges and accrued income -€2,054
down €2,054 (-57.5%), from €3,568 to €1,515
- Reserves -€35,373
down €35,373 (-21.8%), from €162,597 to €127,224
- Trade debts +€5,995
up €5,995 (+202%), from €2,962 to €8,957
- Current portion of long-term debt +€3,883
new in 2025: €3,883
- Other debts +€2,027
up €2,027 (+38.9%), from €5,210 to €7,237
- Gross operating margin -€64,149
down €64,149, from €60,215 to -€3,934
- Taxes -€12,259
down €12,259 (-81.9%), from €14,964 to €2,705
- Financial income +€9,582
new in 2025: €9,582
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 | €187,585 | €161,524 | -€26,061 | -13.9% |
| Fixed assets | 21/28 | €5,627 | €6,778 | +€1,151 | +20.4% |
| Tangible fixed assets | 22/27 | €5,627 | €6,778 | +€1,151 | +20.4% |
| Plant, machinery and equipment | 23 | €2,326 | €2,762 | +€436 | +18.8% |
| Furniture and vehicles | 24 | €3,301 | €4,016 | +€714 | +21.6% |
| Current assets | 29/58 | €181,958 | €154,746 | -€27,212 | -15.0% |
| Amounts receivable within one year | 40/41 | €41,217 | €18,465 | -€22,751 | -55.2% |
| Trade receivables | 40 | €18,794 | €7,019 | -€11,775 | -62.7% |
| Other amounts receivable | 41 | €22,423 | €11,447 | -€10,976 | -49.0% |
| Current investments | 50/53 | €64,000 | €57,341 | -€6,659 | -10.4% |
| Cash at bank and in hand | 54/58 | €73,173 | €77,425 | +€4,252 | +5.8% |
| Deferred charges and accrued income | 490/1 | €3,568 | €1,515 | -€2,054 | -57.5% |
| Total equity and liabilities | 10/49 | €187,585 | €161,524 | -€26,061 | -13.9% |
| Equity | 10/15 | €165,597 | €130,224 | -€35,373 | -21.4% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €162,597 | €127,224 | -€35,373 | -21.8% |
| Distributable reserves | 133 | €162,597 | €127,224 | -€35,373 | -21.8% |
| Amounts payable | 17/49 | €21,988 | €31,299 | +€9,311 | +42.3% |
| Amounts payable within one year | 42/48 | €21,070 | €31,218 | +€10,148 | +48.2% |
| Current portion of amounts payable after more than one year | 42 | - | €3,883 | +€3,883 | |
| Trade debts | 44 | €2,962 | €8,957 | +€5,995 | +202% |
| Suppliers | 440/4 | €2,962 | €8,957 | +€5,995 | +202% |
| Taxes, remuneration and social security | 45 | €12,898 | €11,141 | -€1,757 | -13.6% |
| Taxes | 450/3 | €10,303 | €8,524 | -€1,779 | -17.3% |
| Remuneration and social security | 454/9 | €2,595 | €2,617 | +€22 | +0.8% |
| Other amounts payable | 47/48 | €5,210 | €7,237 | +€2,027 | +38.9% |
| Accrued charges and deferred income | 492/3 | €918 | €81 | -€837 | -91.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,672 | €1,780 | +€108 | +6.5% |
| Other operating charges | 640/8 | €550 | €819 | +€269 | +48.9% |
| Gross operating margin | 9900 | €60,215 | -€3,934 | -€64,149 | |
| Operating profit (loss) | 9901 | €57,993 | -€6,533 | -€64,526 | |
| Financial income | 75/76B | - | €9,582 | +€9,582 | |
| Recurring financial income | 75 | - | €9,582 | +€9,582 | |
| Financial charges | 65/66B | €1,074 | €717 | -€357 | -33.3% |
| Recurring financial charges | 65 | €1,074 | €717 | -€357 | -33.3% |
| Profit (loss) for the period before taxes | 9903 | €56,919 | €2,332 | -€54,587 | -95.9% |
| Income taxes | 67/77 | €14,964 | €2,705 | -€12,259 | -81.9% |
| Profit (loss) for the period | 9904 | €41,955 | -€373 | -€42,327 | |
| Profit (loss) for the period to be appropriated | 9905 | €41,955 | -€373 | -€42,327 |
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 21 October 2026 via checked.be.