JACOPS: 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.
JACOPS
Largest movements
- Receivables within one year -€98,603
down €98,603 (-75.2%), from €131,169 to €32,566
of which Trade receivables: -€90,941
- Tangible fixed assets -€40,560
down €40,560 (-46.7%), from €86,908 to €46,348
of which Furniture and vehicles: -€39,790
- Cash +€25,112
up €25,112 (+179.4%), from €13,996 to €39,108
mainly Receivables within one year (+€98,603) and Depreciation (+€40,560)
- Profit (loss) carried forward -€83,252
down €83,252, from €67,744 to -€15,508
- Debts after one year -€37,471
down €37,471 (-37.6%), from €99,718 to €62,247
- Trade debts +€5,730
up €5,730 (+20.1%), from €28,490 to €34,220
- Gross operating margin -€148,586
down €148,586 (-53.5%), from €277,630 to €129,044
- Taxes +€31,680
new in 2025: €31,680
- Depreciation -€17,043
down €17,043 (-29.6%), from €57,603 to €40,560
- Other operating charges -€15,455
down €15,455 (-96.2%), from €16,071 to €616
- Staff costs -€4,151
down €4,151 (-3.5%), from €117,094 to €112,943
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 | €247,073 | €133,022 | -€114,051 | -46.2% |
| Fixed assets | 21/28 | €101,908 | €61,348 | -€40,560 | -39.8% |
| Tangible fixed assets | 22/27 | €86,908 | €46,348 | -€40,560 | -46.7% |
| Plant, machinery and equipment | 23 | €1,114 | €343 | -€771 | -69.2% |
| Furniture and vehicles | 24 | €85,795 | €46,005 | -€39,790 | -46.4% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €145,165 | €71,674 | -€73,491 | -50.6% |
| Amounts receivable within one year | 40/41 | €131,169 | €32,566 | -€98,603 | -75.2% |
| Trade receivables | 40 | €110,530 | €19,588 | -€90,941 | -82.3% |
| Other amounts receivable | 41 | €20,639 | €12,977 | -€7,662 | -37.1% |
| Cash at bank and in hand | 54/58 | €13,996 | €39,108 | +€25,112 | +179.4% |
| Total equity and liabilities | 10/49 | €247,073 | €133,022 | -€114,051 | -46.2% |
| Equity | 10/15 | €68,244 | -€15,008 | -€83,252 | |
| Contributions | 10/11 | €500 | €500 | = | 0.0% |
| Profit (loss) carried forward | 14 | €67,744 | -€15,508 | -€83,252 | |
| Amounts payable | 17/49 | €178,829 | €148,030 | -€30,799 | -17.2% |
| Amounts payable after more than one year | 17 | €99,718 | €62,247 | -€37,471 | -37.6% |
| Financial debts | 170/4 | €99,718 | €62,247 | -€37,471 | -37.6% |
| Amounts payable within one year | 42/48 | €79,111 | €85,783 | +€6,672 | +8.4% |
| Current portion of amounts payable after more than one year | 42 | €35,563 | €37,471 | +€1,909 | +5.4% |
| Trade debts | 44 | €28,490 | €34,220 | +€5,730 | +20.1% |
| Suppliers | 440/4 | €28,490 | €34,220 | +€5,730 | +20.1% |
| Taxes, remuneration and social security | 45 | €15,058 | €14,092 | -€966 | -6.4% |
| Taxes | 450/3 | €7,988 | €2,237 | -€5,751 | -72.0% |
| Remuneration and social security | 454/9 | €7,070 | €11,855 | +€4,784 | +67.7% |
| Non-recurring operating income | 76A | €33,827 | €1,000 | -€32,827 | -97.0% |
| Remuneration, social security and pensions | 62 | €117,094 | €112,943 | -€4,151 | -3.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,603 | €40,560 | -€17,043 | -29.6% |
| Other operating charges | 640/8 | €16,071 | €616 | -€15,455 | -96.2% |
| Non-recurring operating charges | 66A | €40,580 | €18,138 | -€22,442 | -55.3% |
| Gross operating margin | 9900 | €277,630 | €129,044 | -€148,586 | -53.5% |
| Operating profit (loss) | 9901 | €46,282 | -€43,212 | -€89,494 | |
| Financial income | 75/76B | - | €50 | +€50 | |
| Recurring financial income | 75 | - | €50 | +€50 | |
| Financial charges | 65/66B | €10,551 | €8,409 | -€2,142 | -20.3% |
| Recurring financial charges | 65 | €10,551 | €8,409 | -€2,142 | -20.3% |
| Profit (loss) for the period before taxes | 9903 | €35,731 | -€51,572 | -€87,302 | |
| Income taxes | 67/77 | - | €31,680 | +€31,680 | |
| Profit (loss) for the period | 9904 | €35,731 | -€83,252 | -€118,983 | |
| Profit (loss) for the period to be appropriated | 9905 | €35,731 | -€83,252 | -€118,983 |
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 4 October 2026 via checked.be.