JACS: 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.
JACS
Largest movements
- Cash -€37,624
down €37,624 (-32.4%), from €116,134 to €78,511
mainly Contributions, distributions and other (-€32,427) and Receivables within one year (-€29,339)
- Receivables within one year +€29,339
up €29,339 (+74.9%), from €39,181 to €68,520
of which Trade receivables: +€23,439
- Tangible fixed assets -€11,985
down €11,985 (-11.2%), from €106,756 to €94,770
of which Furniture and vehicles: -€13,297
- Current investments +€7,825
up €7,825 (+6.4%), from €122,000 to €129,825
- Deferred charges and accrued income -€4,303
no longer reported in 2025 (was €4,303)
- Reserves +€30,773
up €30,773 (+12.4%), from €247,444 to €278,218
of which Distributable reserves: +€30,773
- Trade debts -€28,864
down €28,864 (-84.3%), from €34,220 to €5,356
- Debts after one year -€19,212
down €19,212 (-28.6%), from €67,247 to €48,035
- Gross operating margin +€16,056
up €16,056 (+16.5%), from €97,448 to €113,504
- Taxes +€3,899
up €3,899 (+19.5%), from €20,022 to €23,921
- Financial income -€1,620
down €1,620 (-83.0%), from €1,952 to €332
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 | €388,374 | €371,626 | -€16,748 | -4.3% |
| Fixed assets | 21/28 | €106,756 | €94,770 | -€11,985 | -11.2% |
| Tangible fixed assets | 22/27 | €106,756 | €94,770 | -€11,985 | -11.2% |
| Land and buildings | 22 | €60,013 | €61,369 | +€1,356 | +2.3% |
| Furniture and vehicles | 24 | €46,698 | €33,401 | -€13,297 | -28.5% |
| Other tangible fixed assets | 26 | €44 | - | -€44 | |
| Current assets | 29/58 | €281,618 | €276,856 | -€4,763 | -1.7% |
| Amounts receivable within one year | 40/41 | €39,181 | €68,520 | +€29,339 | +74.9% |
| Trade receivables | 40 | €38,714 | €62,153 | +€23,439 | +60.5% |
| Other amounts receivable | 41 | €467 | €6,367 | +€5,900 | +1,263% |
| Current investments | 50/53 | €122,000 | €129,825 | +€7,825 | +6.4% |
| Cash at bank and in hand | 54/58 | €116,134 | €78,511 | -€37,624 | -32.4% |
| Deferred charges and accrued income | 490/1 | €4,303 | - | -€4,303 | |
| Total equity and liabilities | 10/49 | €388,374 | €371,626 | -€16,748 | -4.3% |
| Equity | 10/15 | €254,111 | €284,884 | +€30,773 | +12.1% |
| Contributions | 10/11 | €6,667 | €6,667 | = | 0.0% |
| Reserves | 13 | €247,444 | €278,218 | +€30,773 | +12.4% |
| Non-distributable reserves | 130/1 | €2,000 | €2,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €245,444 | €276,218 | +€30,773 | +12.5% |
| Amounts payable | 17/49 | €134,263 | €86,742 | -€47,521 | -35.4% |
| Amounts payable after more than one year | 17 | €67,247 | €48,035 | -€19,212 | -28.6% |
| Financial debts | 170/4 | €67,247 | €48,035 | -€19,212 | -28.6% |
| Amounts payable within one year | 42/48 | €67,016 | €38,706 | -€28,309 | -42.2% |
| Current portion of amounts payable after more than one year | 42 | €18,777 | €19,477 | +€700 | +3.7% |
| Trade debts | 44 | €34,220 | €5,356 | -€28,864 | -84.3% |
| Suppliers | 440/4 | €34,220 | €5,356 | -€28,864 | -84.3% |
| Taxes, remuneration and social security | 45 | €10,518 | €13,873 | +€3,355 | +31.9% |
| Taxes | 450/3 | €10,278 | €13,873 | +€3,595 | +35.0% |
| Remuneration and social security | 454/9 | €240 | - | -€240 | |
| Other amounts payable | 47/48 | €3,500 | - | -€3,500 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,679 | €23,185 | +€507 | +2.2% |
| Other operating charges | 640/8 | €309 | €746 | +€438 | +142% |
| Gross operating margin | 9900 | €97,448 | €113,504 | +€16,056 | +16.5% |
| Operating profit (loss) | 9901 | €74,461 | €89,573 | +€15,112 | +20.3% |
| Financial income | 75/76B | €1,952 | €332 | -€1,620 | -83.0% |
| Recurring financial income | 75 | €1,952 | €332 | -€1,620 | -83.0% |
| Financial charges | 65/66B | €3,196 | €2,783 | -€413 | -12.9% |
| Recurring financial charges | 65 | €3,196 | €2,783 | -€413 | -12.9% |
| Profit (loss) for the period before taxes | 9903 | €73,217 | €87,121 | +€13,904 | +19.0% |
| Income taxes | 67/77 | €20,022 | €23,921 | +€3,899 | +19.5% |
| Profit (loss) for the period | 9904 | €53,195 | €63,200 | +€10,005 | +18.8% |
| Profit (loss) for the period to be appropriated | 9905 | €53,195 | €63,200 | +€10,005 | +18.8% |
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 15 October 2026 via checked.be.