JACX FINANCIERE: 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.
JACX FINANCIERE
Largest movements
- Receivables after one year -€1.0m
no longer reported in 2025 (was €1.0m)
- Cash -€738,684
down €738,684 (-77.6%), from €951,605 to €212,921
mainly Other debts (-€2.1m) and Tax, wage and social debts (-€29,059)
- Receivables within one year -€127,814
down €127,814 (-38.9%), from €328,954 to €201,140
of which Other amounts receivable: -€131,686
- Financial fixed assets -€100,000
down €100,000 (-4.3%), from €2.3m to €2.2m
- Deferred charges and accrued income -€86,864
down €86,864 (-99.9%), from €86,943 to €79
- Other debts -€2.1m
down €2.1m (-99.8%), from €2.1m to €3,864
- Financial charges -€52,371
down €52,371 (-34.4%), from €152,435 to €100,065
- Financial income -€35,896
down €35,896 (-36.8%), from €97,447 to €61,551
- Gross operating margin -€14,787
down €14,787 (-3.6%), from €410,355 to €395,568
- Depreciation -€6,891
down €6,891 (-31.8%), from €21,699 to €14,808
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 | €4,686,076 | €2,617,280 | -€2.1m | -44.1% |
| Fixed assets | 21/28 | €2,318,574 | €2,203,140 | -€115,434 | -5.0% |
| Tangible fixed assets | 22/27 | €18,113 | €2,679 | -€15,434 | -85.2% |
| Furniture and vehicles | 24 | €18,113 | €2,679 | -€15,434 | -85.2% |
| Financial fixed assets | 28 | €2,300,462 | €2,200,462 | -€100,000 | -4.3% |
| Current assets | 29/58 | €2,367,502 | €414,140 | -€2.0m | -82.5% |
| Amounts receivable after more than one year | 29 | €1,000,000 | - | -€1.0m | |
| Trade receivables | 290 | €1,000,000 | - | -€1.0m | |
| Amounts receivable within one year | 40/41 | €328,954 | €201,140 | -€127,814 | -38.9% |
| Trade receivables | 40 | €177,628 | €181,500 | +€3,872 | +2.2% |
| Other amounts receivable | 41 | €151,326 | €19,640 | -€131,686 | -87.0% |
| Cash at bank and in hand | 54/58 | €951,605 | €212,921 | -€738,684 | -77.6% |
| Deferred charges and accrued income | 490/1 | €86,943 | €79 | -€86,864 | -99.9% |
| Total equity and liabilities | 10/49 | €4,686,076 | €2,617,280 | -€2.1m | -44.1% |
| Equity | 10/15 | €2,457,109 | €2,497,483 | +€40,374 | +1.6% |
| Contributions | 10/11 | €2,001,103 | €2,001,103 | = | 0.0% |
| Capital | 10 | €2,001,103 | €2,001,103 | = | 0.0% |
| Issued capital | 100 | €2,001,103 | €2,001,103 | = | 0.0% |
| Reserves | 13 | €49,693 | €51,712 | +€2,019 | +4.1% |
| Non-distributable reserves | 130/1 | €49,693 | €51,712 | +€2,019 | +4.1% |
| Legal reserve | 130 | €49,693 | €51,712 | +€2,019 | +4.1% |
| Profit (loss) carried forward | 14 | €406,313 | €444,668 | +€38,356 | +9.4% |
| Amounts payable | 17/49 | €2,228,967 | €119,797 | -€2.1m | -94.6% |
| Amounts payable after more than one year | 17 | €3,648 | - | -€3,648 | |
| Financial debts | 170/4 | €3,648 | - | -€3,648 | |
| Amounts payable within one year | 42/48 | €2,225,260 | €119,797 | -€2.1m | -94.6% |
| Current portion of amounts payable after more than one year | 42 | €14,531 | €3,648 | -€10,883 | -74.9% |
| Trade debts | 44 | €20,957 | €27,235 | +€6,278 | +30.0% |
| Suppliers | 440/4 | €20,957 | €27,235 | +€6,278 | +30.0% |
| Taxes, remuneration and social security | 45 | €114,109 | €85,050 | -€29,059 | -25.5% |
| Taxes | 450/3 | €74,169 | €25,988 | -€48,181 | -65.0% |
| Remuneration and social security | 454/9 | €39,940 | €59,062 | +€19,122 | +47.9% |
| Other amounts payable | 47/48 | €2,075,662 | €3,864 | -€2.1m | -99.8% |
| Accrued charges and deferred income | 492/3 | €60 | - | -€60 | |
| Remuneration, social security and pensions | 62 | €283,607 | €280,980 | -€2,627 | -0.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,699 | €14,808 | -€6,891 | -31.8% |
| Other operating charges | 640/8 | €2,555 | €2,527 | -€28 | -1.1% |
| Non-recurring operating charges | 66A | €346 | €1,026 | +€680 | +197% |
| Gross operating margin | 9900 | €410,355 | €395,568 | -€14,787 | -3.6% |
| Operating profit (loss) | 9901 | €102,148 | €96,227 | -€5,921 | -5.8% |
| Financial income | 75/76B | €97,447 | €61,551 | -€35,896 | -36.8% |
| Recurring financial income | 75 | €97,447 | €61,551 | -€35,896 | -36.8% |
| Financial charges | 65/66B | €152,435 | €100,065 | -€52,371 | -34.4% |
| Recurring financial charges | 65 | €152,435 | €100,065 | -€52,371 | -34.4% |
| Profit (loss) for the period before taxes | 9903 | €47,160 | €57,713 | +€10,554 | +22.4% |
| Income taxes | 67/77 | €15,278 | €17,339 | +€2,061 | +13.5% |
| Profit (loss) for the period | 9904 | €31,882 | €40,374 | +€8,493 | +26.6% |
| Profit (loss) for the period to be appropriated | 9905 | €31,882 | €40,374 | +€8,493 | +26.6% |
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 29 October 2026 via checked.be.