Jak: 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.
What changed
Jak
NACE 68.203, Renting and operating of own or leased non-residential real estate, excluding land
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
€144,758
2024 · -€19,461+€164,219
Equity
€228,000
2024 · €82,202+€145,798
Cash
€12,444
2024 · €7,556+€4,888
Balance sheet total
€1.5m
2024 · €1.6m-€71,993
Largest movements
Assets
- Tangible fixed assets -€76,928
down €76,928 (-4.9%), from €1.6m to €1.5m
of which Land and buildings: -€62,903
Equity and liabilities
- Other debts -€170,220
down €170,220 (-15.7%), from €1.1m to €914,358
- Profit (loss) carried forward +€145,798
up €145,798 (+18.5%), from -€786,435 to -€640,637
- Debts after one year -€71,475
down €71,475 (-18.9%), from €377,578 to €306,103
- Current portion of long-term debt +€24,763
up €24,763 (+403%), from €6,148 to €30,912
Income statement
- Gross operating margin +€178,377
up €178,377 (+165%), from €108,331 to €286,708
- Other operating charges +€9,924
up €9,924 (+63.4%), from €15,657 to €25,580
- Taxes +€9,618
up €9,618 (+4,032%), from €239 to €9,857
- Financial charges -€3,791
down €3,791 (-45.7%), from €8,288 to €4,497
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.
Result 2024
-€19,461
Gross operating margin
+€178,377
Depreciation
+€1,699
Other operating charges
-€9,924
Other operating items
-€105
Financial income
-€0
Financial charges
+€3,791
Taxes
-€9,618
Result 2025
€144,758
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€73,818
Investment
-€23,259
Financing
-€45,672
Cash 2024
€7,556
From operations (derived)
+€73,818
Net result for the year
+€144,758
Depreciation
+€100,186
Receivables within one year
+€763
Deferred charges and accrued income
-€810
Provisions
-€1,040
Smaller working-capital items
+€180
Other debts
-€170,220
Investment (derived)
-€23,259
Investment in fixed assets (net)
-€23,259
Financing
-€45,672
Debts after one year
-€71,475
Current portion of long-term debt
+€24,763
Contributions, distributions and other
+€1,040
Cash 2025
€12,444
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,569,880 | €1,497,888 | -€71,993 | -4.6% |
| Fixed assets | 21/28 | €1,556,284 | €1,479,357 | -€76,928 | -4.9% |
| Tangible fixed assets | 22/27 | €1,556,284 | €1,479,357 | -€76,928 | -4.9% |
| Land and buildings | 22 | €1,507,860 | €1,444,957 | -€62,903 | -4.2% |
| Plant, machinery and equipment | 23 | €18,401 | €17,327 | -€1,074 | -5.8% |
| Furniture and vehicles | 24 | €30,024 | €17,073 | -€12,951 | -43.1% |
| Current assets | 29/58 | €13,596 | €18,531 | +€4,935 | +36.3% |
| Amounts receivable within one year | 40/41 | €763 | - | -€763 | |
| Trade receivables | 40 | €763 | - | -€763 | |
| Cash at bank and in hand | 54/58 | €7,556 | €12,444 | +€4,888 | +64.7% |
| Deferred charges and accrued income | 490/1 | €5,277 | €6,087 | +€810 | +15.3% |
| Total equity and liabilities | 10/49 | €1,569,880 | €1,497,888 | -€71,993 | -4.6% |
| Equity | 10/15 | €82,202 | €228,000 | +€145,798 | +177% |
| Contributions | 10/11 | €605,598 | €605,598 | = | 0.0% |
| Capital | 10 | €605,598 | €605,598 | = | 0.0% |
| Issued capital | 100 | €605,598 | €605,598 | = | 0.0% |
| Reserves | 13 | €263,039 | €263,039 | = | 0.0% |
| Non-distributable reserves | 130/1 | €20,575 | €20,575 | = | 0.0% |
| Legal reserve | 130 | €20,575 | €20,575 | = | 0.0% |
| Tax-exempt reserves | 132 | €65,031 | €65,031 | = | 0.0% |
| Distributable reserves | 133 | €177,433 | €177,433 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€786,435 | -€640,637 | +€145,798 | +18.5% |
| Provisions and deferred taxes | 16 | €18,495 | €17,455 | -€1,040 | -5.6% |
| Deferred taxes | 168 | €18,495 | €17,455 | -€1,040 | -5.6% |
| Amounts payable | 17/49 | €1,469,184 | €1,252,433 | -€216,751 | -14.8% |
| Amounts payable after more than one year | 17 | €377,578 | €306,103 | -€71,475 | -18.9% |
| Financial debts | 170/4 | €377,578 | €306,103 | -€71,475 | -18.9% |
| Amounts payable within one year | 42/48 | €1,091,606 | €946,330 | -€145,276 | -13.3% |
| Current portion of amounts payable after more than one year | 42 | €6,148 | €30,912 | +€24,763 | +403% |
| Trade debts | 44 | €641 | €833 | +€192 | +29.9% |
| Suppliers | 440/4 | €641 | €833 | +€192 | +29.9% |
| Taxes, remuneration and social security | 45 | €239 | €227 | -€12 | -4.9% |
| Taxes | 450/3 | €239 | €227 | -€12 | -4.9% |
| Other amounts payable | 47/48 | €1,084,577 | €914,358 | -€170,220 | -15.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €101,885 | €100,186 | -€1,699 | -1.7% |
| Other operating charges | 640/8 | €15,657 | €25,580 | +€9,924 | +63.4% |
| Non-recurring operating charges | 66A | €1,725 | €1,830 | +€105 | +6.1% |
| Gross operating margin | 9900 | €108,331 | €286,708 | +€178,377 | +165% |
| Operating profit (loss) | 9901 | -€10,936 | €159,112 | +€170,047 | |
| Financial income | 75/76B | €1 | €1 | -€0 | -42.2% |
| Recurring financial income | 75 | €1 | €1 | -€0 | -42.2% |
| Financial charges | 65/66B | €8,288 | €4,497 | -€3,791 | -45.7% |
| Recurring financial charges | 65 | €8,288 | €4,497 | -€3,791 | -45.7% |
| Profit (loss) for the period before taxes | 9903 | -€19,223 | €154,615 | +€173,838 | |
| Income taxes | 67/77 | €239 | €9,857 | +€9,618 | +4,032% |
| Profit (loss) for the period | 9904 | -€19,461 | €144,758 | +€164,219 | |
| Transfer from tax-exempt reserves | 789 | €1,040 | €1,040 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€18,421 | €145,798 | +€164,219 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.