JACOVAN: 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.
JACOVAN
Largest movements
- Tangible fixed assets -€21,958
down €21,958 (-7.9%), from €277,444 to €255,485
- Cash -€19,064
down €19,064 (-19.7%), from €96,812 to €77,748
mainly Other debts (-€29,901) and Debts after one year (-€24,488)
- Other debts -€29,901
down €29,901 (-42.7%), from €70,036 to €40,135
- Debts after one year -€24,488
down €24,488 (-20.0%), from €122,336 to €97,848
- Reserves +€6,011
up €6,011 (+11.1%), from €54,351 to €60,362
- Trade debts +€5,504
up €5,504 (+31.5%), from €17,466 to €22,970
- Financial charges -€3,804
down €3,804 (-28.9%), from €13,184 to €9,380
- Gross operating margin -€1,361
down €1,361 (-2.5%), from €55,483 to €54,122
- Other operating charges -€1,338
down €1,338 (-8.9%), from €15,103 to €13,765
- Taxes +€1,234
up €1,234 (+69.6%), from €1,774 to €3,008
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 | €378,314 | €335,316 | -€42,999 | -11.4% |
| Fixed assets | 21/28 | €277,444 | €255,485 | -€21,958 | -7.9% |
| Tangible fixed assets | 22/27 | €277,444 | €255,485 | -€21,958 | -7.9% |
| Land and buildings | 22 | €277,444 | €255,485 | -€21,958 | -7.9% |
| Current assets | 29/58 | €100,871 | €79,830 | -€21,040 | -20.9% |
| Cash at bank and in hand | 54/58 | €96,812 | €77,748 | -€19,064 | -19.7% |
| Deferred charges and accrued income | 490/1 | €4,059 | €2,082 | -€1,977 | -48.7% |
| Total equity and liabilities | 10/49 | €378,314 | €335,316 | -€42,999 | -11.4% |
| Equity | 10/15 | €139,875 | €145,886 | +€6,011 | +4.3% |
| Contributions | 10/11 | €85,523 | €85,523 | = | 0.0% |
| Reserves | 13 | €54,351 | €60,362 | +€6,011 | +11.1% |
| Distributable reserves | 133 | €54,351 | €60,362 | +€6,011 | +11.1% |
| Amounts payable | 17/49 | €238,440 | €189,430 | -€49,010 | -20.6% |
| Amounts payable after more than one year | 17 | €122,336 | €97,848 | -€24,488 | -20.0% |
| Financial debts | 170/4 | €122,336 | €97,848 | -€24,488 | -20.0% |
| Amounts payable within one year | 42/48 | €116,104 | €91,582 | -€24,521 | -21.1% |
| Current portion of amounts payable after more than one year | 42 | €26,827 | €24,488 | -€2,339 | -8.7% |
| Trade debts | 44 | €17,466 | €22,970 | +€5,504 | +31.5% |
| Suppliers | 440/4 | €17,466 | €22,970 | +€5,504 | +31.5% |
| Taxes, remuneration and social security | 45 | €1,774 | €3,989 | +€2,215 | +125% |
| Taxes | 450/3 | €1,774 | €3,989 | +€2,215 | +125% |
| Other amounts payable | 47/48 | €70,036 | €40,135 | -€29,901 | -42.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,958 | €21,958 | = | 0.0% |
| Other operating charges | 640/8 | €15,103 | €13,765 | -€1,338 | -8.9% |
| Gross operating margin | 9900 | €55,483 | €54,122 | -€1,361 | -2.5% |
| Operating profit (loss) | 9901 | €18,422 | €18,399 | -€23 | -0.1% |
| Financial charges | 65/66B | €13,184 | €9,380 | -€3,804 | -28.9% |
| Recurring financial charges | 65 | €13,184 | €9,380 | -€3,804 | -28.9% |
| Profit (loss) for the period before taxes | 9903 | €5,238 | €9,019 | +€3,781 | +72.2% |
| Income taxes | 67/77 | €1,774 | €3,008 | +€1,234 | +69.6% |
| Profit (loss) for the period | 9904 | €3,464 | €6,011 | +€2,547 | +73.5% |
| Profit (loss) for the period to be appropriated | 9905 | €3,464 | €6,011 | +€2,547 | +73.5% |
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 13 October 2026 via checked.be.