JACSOM: 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.
JACSOM
Largest movements
- Cash +€62,196
up €62,196 (+747.1%), from €8,325 to €70,521
mainly Net result for the year (+€113,293) and Receivables within one year (+€18,203)
- Tangible fixed assets -€26,048
down €26,048 (-25.8%), from €100,973 to €74,925
of which Furniture and vehicles: -€29,718
- Receivables within one year -€18,203
down €18,203 (-18.0%), from €100,967 to €82,764
of which Other amounts receivable: -€23,223
- Reserves +€75,506
up €75,506 (+4707.1%), from €1,604 to €77,110
- Profit (loss) carried forward -€66,713
no longer reported in 2025 (was €66,713)
- Other debts +€11,500
up €11,500 (+14.7%), from €78,000 to €89,500
- Current portion of long-term debt -€10,148
down €10,148 (-66.8%), from €15,199 to €5,050
- Tax, wage and social debts +€5,917
up €5,917 (+49.7%), from €11,911 to €17,827
- Gross operating margin +€79,151
up €79,151 (+91.6%), from €86,426 to €165,577
- Taxes +€16,797
up €16,797 (+112.9%), from €14,874 to €31,671
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 | €214,130 | €232,530 | +€18,400 | +8.6% |
| Fixed assets | 21/28 | €100,973 | €74,925 | -€26,048 | -25.8% |
| Tangible fixed assets | 22/27 | €100,973 | €74,925 | -€26,048 | -25.8% |
| Plant, machinery and equipment | 23 | €547 | €13,408 | +€12,860 | +2349.5% |
| Furniture and vehicles | 24 | €31,441 | €1,723 | -€29,718 | -94.5% |
| Other tangible fixed assets | 26 | €68,985 | €59,795 | -€9,190 | -13.3% |
| Current assets | 29/58 | €113,157 | €157,605 | +€44,447 | +39.3% |
| Amounts receivable within one year | 40/41 | €100,967 | €82,764 | -€18,203 | -18.0% |
| Trade receivables | 40 | €77,618 | €82,638 | +€5,020 | +6.5% |
| Other amounts receivable | 41 | €23,349 | €126 | -€23,223 | -99.5% |
| Cash at bank and in hand | 54/58 | €8,325 | €70,521 | +€62,196 | +747.1% |
| Deferred charges and accrued income | 490/1 | €3,865 | €4,320 | +€454 | +11.8% |
| Total equity and liabilities | 10/49 | €214,130 | €232,530 | +€18,400 | +8.6% |
| Equity | 10/15 | €86,918 | €95,710 | +€8,793 | +10.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,604 | €77,110 | +€75,506 | +4707.1% |
| Distributable reserves | 133 | €1,604 | €77,110 | +€75,506 | +4707.1% |
| Profit (loss) carried forward | 14 | €66,713 | - | -€66,713 | |
| Amounts payable | 17/49 | €127,213 | €136,819 | +€9,607 | +7.6% |
| Amounts payable after more than one year | 17 | €19,523 | €23,916 | +€4,393 | +22.5% |
| Financial debts | 170/4 | €19,523 | - | -€19,523 | |
| Trade debts | 175 | - | €5,758 | +€5,758 | |
| Other amounts payable | 178/9 | - | €18,157 | +€18,157 | |
| Amounts payable within one year | 42/48 | €107,690 | €112,777 | +€5,087 | +4.7% |
| Current portion of amounts payable after more than one year | 42 | €15,199 | €5,050 | -€10,148 | -66.8% |
| Trade debts | 44 | €2,581 | €400 | -€2,181 | -84.5% |
| Suppliers | 440/4 | €2,581 | €400 | -€2,181 | -84.5% |
| Taxes, remuneration and social security | 45 | €11,911 | €17,827 | +€5,917 | +49.7% |
| Taxes | 450/3 | €11,911 | €17,827 | +€5,917 | +49.7% |
| Other amounts payable | 47/48 | €78,000 | €89,500 | +€11,500 | +14.7% |
| Accrued charges and deferred income | 492/3 | - | €127 | +€127 | |
| Non-recurring operating income | 76A | - | €12,835 | +€12,835 | |
| Remuneration, social security and pensions | 62 | €1,510 | - | -€1,510 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,632 | €15,441 | -€191 | -1.2% |
| Other operating charges | 640/8 | €1,023 | €2,446 | +€1,423 | +139.0% |
| Gross operating margin | 9900 | €86,426 | €165,577 | +€79,151 | +91.6% |
| Operating profit (loss) | 9901 | €68,261 | €147,690 | +€79,429 | +116.4% |
| Financial income | 75/76B | €1,207 | €6 | -€1,201 | -99.5% |
| Recurring financial income | 75 | €1,207 | €6 | -€1,201 | -99.5% |
| Financial charges | 65/66B | €3,829 | €2,732 | -€1,097 | -28.6% |
| Recurring financial charges | 65 | €3,829 | €2,732 | -€1,097 | -28.6% |
| Profit (loss) for the period before taxes | 9903 | €65,639 | €144,964 | +€79,325 | +120.9% |
| Income taxes | 67/77 | €14,874 | €31,671 | +€16,797 | +112.9% |
| Profit (loss) for the period | 9904 | €50,765 | €113,293 | +€62,528 | +123.2% |
| Profit (loss) for the period to be appropriated | 9905 | €50,765 | €113,293 | +€62,528 | +123.2% |
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 12 October 2026 via checked.be.