JACOPS CHRISTEL: 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.
JACOPS CHRISTEL
Largest movements
- Stocks and contracts +€84,800
up €84,800 (+84.3%), from €100,600 to €185,400
- Cash +€21,561
up €21,561 (+90.6%), from €23,785 to €45,346
mainly Net result for the year (+€69,343) and Trade debts (+€30,657)
- Tangible fixed assets -€16,006
down €16,006 (-24.3%), from €65,857 to €49,851
of which Furniture and vehicles: -€13,914
- Receivables within one year +€7,101
up €7,101 (+12.3%), from €57,650 to €64,751
- Reserves +€69,343
up €69,343 (+183%), from €37,856 to €107,199
- Trade debts +€30,657
up €30,657 (+441%), from €6,955 to €37,612
- Short-term financial debts +€20,000
new in 2025: €20,000
- Other debts -€16,395
down €16,395 (-12.4%), from €132,300 to €115,905
- Debts after one year -€6,889
down €6,889 (-74.4%), from €9,263 to €2,374
- Gross operating margin +€90,317
up €90,317 (+259%), from €34,853 to €125,170
- Taxes +€26,913
up €26,913 (+358%), from €7,512 to €34,425
- Depreciation +€2,295
up €2,295 (+16.7%), from €13,711 to €16,006
- Other operating charges -€1,554
down €1,554 (-25.9%), from €5,998 to €4,444
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 | €252,895 | €349,140 | +€96,245 | +38.1% |
| Fixed assets | 21/28 | €65,857 | €49,851 | -€16,006 | -24.3% |
| Tangible fixed assets | 22/27 | €65,857 | €49,851 | -€16,006 | -24.3% |
| Land and buildings | 22 | €729 | €486 | -€243 | -33.3% |
| Plant, machinery and equipment | 23 | €5,548 | €3,699 | -€1,849 | -33.3% |
| Furniture and vehicles | 24 | €59,580 | €45,666 | -€13,914 | -23.4% |
| Current assets | 29/58 | €187,038 | €299,289 | +€112,251 | +60.0% |
| Stocks and contracts in progress | 3 | €100,600 | €185,400 | +€84,800 | +84.3% |
| Stocks | 30/36 | €100,600 | €185,400 | +€84,800 | +84.3% |
| Amounts receivable within one year | 40/41 | €57,650 | €64,751 | +€7,101 | +12.3% |
| Trade receivables | 40 | €57,650 | €64,751 | +€7,101 | +12.3% |
| Cash at bank and in hand | 54/58 | €23,785 | €45,346 | +€21,561 | +90.6% |
| Deferred charges and accrued income | 490/1 | €5,003 | €3,793 | -€1,210 | -24.2% |
| Total equity and liabilities | 10/49 | €252,895 | €349,140 | +€96,245 | +38.1% |
| Equity | 10/15 | €82,856 | €152,199 | +€69,343 | +83.7% |
| Contributions | 10/11 | €45,000 | €45,000 | = | 0.0% |
| Reserves | 13 | €37,856 | €107,199 | +€69,343 | +183% |
| Distributable reserves | 133 | €37,856 | €107,199 | +€69,343 | +183% |
| Amounts payable | 17/49 | €170,039 | €196,941 | +€26,902 | +15.8% |
| Amounts payable after more than one year | 17 | €9,263 | €2,374 | -€6,889 | -74.4% |
| Financial debts | 170/4 | €9,263 | €2,374 | -€6,889 | -74.4% |
| Amounts payable within one year | 42/48 | €160,776 | €194,567 | +€33,790 | +21.0% |
| Current portion of amounts payable after more than one year | 42 | €11,212 | €6,889 | -€4,323 | -38.6% |
| Financial debts | 43 | - | €20,000 | +€20,000 | |
| Credit institutions | 430/8 | - | €20,000 | +€20,000 | |
| Trade debts | 44 | €6,955 | €37,612 | +€30,657 | +441% |
| Suppliers | 440/4 | €6,955 | €37,612 | +€30,657 | +441% |
| Taxes, remuneration and social security | 45 | €10,309 | €14,161 | +€3,852 | +37.4% |
| Taxes | 450/3 | €10,309 | €14,161 | +€3,852 | +37.4% |
| Other amounts payable | 47/48 | €132,300 | €115,905 | -€16,395 | -12.4% |
| Non-recurring operating income | 76A | - | €826 | +€826 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,711 | €16,006 | +€2,295 | +16.7% |
| Other operating charges | 640/8 | €5,998 | €4,444 | -€1,554 | -25.9% |
| Gross operating margin | 9900 | €34,853 | €125,170 | +€90,317 | +259% |
| Operating profit (loss) | 9901 | €15,144 | €104,720 | +€89,576 | +591% |
| Financial charges | 65/66B | €1,276 | €952 | -€325 | -25.4% |
| Recurring financial charges | 65 | €1,276 | €952 | -€325 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €13,868 | €103,768 | +€89,900 | +648% |
| Income taxes | 67/77 | €7,512 | €34,425 | +€26,913 | +358% |
| Profit (loss) for the period | 9904 | €6,356 | €69,343 | +€62,987 | +991% |
| Profit (loss) for the period to be appropriated | 9905 | €6,356 | €69,343 | +€62,987 | +991% |
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 23 October 2026 via checked.be.