JALACO PROJECTS: 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
JALACO PROJECTS
NACE 56.111, Full-service restaurants
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€6,009
2024 · €18,936-€24,945
Equity
€13,282
2024 · €19,291-€6,009
Cash
€20,363
2024 · €19,329+€1,034
Balance sheet total
€499,364
2024 · €535,109-€35,746
Largest movements
Assets
- Tangible fixed assets -€59,183
down €59,183 (-12.4%), from €478,178 to €418,995
- Deferred charges and accrued income +€18,355
up €18,355 (+976%), from €1,881 to €20,237
Equity and liabilities
- Debts after one year -€52,017
down €52,017 (-12.7%), from €410,411 to €358,394
- Trade debts +€15,847
up €15,847 (+308%), from €5,142 to €20,989
- Tax, wage and social debts +€8,696
up €8,696 (+53.1%), from €16,390 to €25,086
of which Remuneration and social security: +€10,830
- Profit (loss) carried forward -€6,009
down €6,009 (-53.0%), from -€11,345 to -€17,354
Income statement
- Staff costs +€24,198
up €24,198 (+27.7%), from €87,400 to €111,598
- Depreciation -€10,644
down €10,644 (-10.1%), from €105,144 to €94,500
- Gross operating margin -€6,472
down €6,472 (-2.9%), from €224,944 to €218,472
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
€18,936
Gross operating margin
-€6,472
Staff costs
-€24,198
Depreciation
+€10,644
Other operating charges
+€1,376
Other operating items
-€4,382
Financial income
-€397
Financial charges
-€1,548
Taxes
+€31
Result 2025
-€6,009
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
+€88,694
Investment
-€35,317
Financing
-€52,343
Cash 2024
€19,329
From operations (derived)
+€88,694
Net result for the year
-€6,009
Depreciation
+€94,500
Stocks and contracts
-€844
Receivables within one year
-€3,203
Deferred charges and accrued income
-€18,355
Trade debts
+€15,847
Tax, wage and social debts
+€8,696
Other debts
-€2,268
Accrued charges and deferred income
+€330
Investment (derived)
-€35,317
Investment in fixed assets (net)
-€35,317
Financing
-€52,343
Debts after one year
-€52,017
Current portion of long-term debt
-€325
Cash 2025
€20,363
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €535,109 | €499,364 | -€35,746 | -6.7% |
| Formation expenses | 20 | €0 | €0 | = | |
| Fixed assets | 21/28 | €478,353 | €419,170 | -€59,183 | -12.4% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €478,178 | €418,995 | -€59,183 | -12.4% |
| Plant, machinery and equipment | 23 | €36,739 | €29,778 | -€6,961 | -18.9% |
| Furniture and vehicles | 24 | €44,840 | €34,458 | -€10,382 | -23.2% |
| Leasing and similar rights | 25 | €151,200 | €136,800 | -€14,400 | -9.5% |
| Other tangible fixed assets | 26 | €245,399 | €217,959 | -€27,440 | -11.2% |
| Financial fixed assets | 28 | €175 | €175 | = | 0.0% |
| Current assets | 29/58 | €56,757 | €80,194 | +€23,437 | +41.3% |
| Stocks and contracts in progress | 3 | €26,620 | €27,464 | +€844 | +3.2% |
| Stocks | 30/36 | €26,620 | €27,464 | +€844 | +3.2% |
| Amounts receivable within one year | 40/41 | €8,926 | €12,130 | +€3,203 | +35.9% |
| Trade receivables | 40 | €2,754 | €5,538 | +€2,784 | +101% |
| Other amounts receivable | 41 | €6,173 | €6,592 | +€419 | +6.8% |
| Cash at bank and in hand | 54/58 | €19,329 | €20,363 | +€1,034 | +5.4% |
| Deferred charges and accrued income | 490/1 | €1,881 | €20,237 | +€18,355 | +976% |
| Total equity and liabilities | 10/49 | €535,109 | €499,364 | -€35,746 | -6.7% |
| Equity | 10/15 | €19,291 | €13,282 | -€6,009 | -31.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €12,036 | €12,036 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,032 | €1,032 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,032 | €1,032 | = | 0.0% |
| Distributable reserves | 133 | €11,004 | €11,004 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€11,345 | -€17,354 | -€6,009 | -53.0% |
| Amounts payable | 17/49 | €515,819 | €486,082 | -€29,737 | -5.8% |
| Amounts payable after more than one year | 17 | €410,411 | €358,394 | -€52,017 | -12.7% |
| Financial debts | 170/4 | €410,411 | €358,394 | -€52,017 | -12.7% |
| Amounts payable within one year | 42/48 | €105,408 | €127,358 | +€21,950 | +20.8% |
| Current portion of amounts payable after more than one year | 42 | €38,017 | €37,692 | -€325 | -0.9% |
| Trade debts | 44 | €5,142 | €20,989 | +€15,847 | +308% |
| Suppliers | 440/4 | €5,142 | €20,989 | +€15,847 | +308% |
| Taxes, remuneration and social security | 45 | €16,390 | €25,086 | +€8,696 | +53.1% |
| Taxes | 450/3 | €13,012 | €10,877 | -€2,135 | -16.4% |
| Remuneration and social security | 454/9 | €3,379 | €14,209 | +€10,830 | +321% |
| Other amounts payable | 47/48 | €45,858 | €43,591 | -€2,268 | -4.9% |
| Accrued charges and deferred income | 492/3 | - | €330 | +€330 | |
| Non-recurring operating income | 76A | - | €17,710 | +€17,710 | |
| Remuneration, social security and pensions | 62 | €87,400 | €111,598 | +€24,198 | +27.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €105,144 | €94,500 | -€10,644 | -10.1% |
| Other operating charges | 640/8 | €3,842 | €2,465 | -€1,376 | -35.8% |
| Non-recurring operating charges | 66A | €2,339 | €6,720 | +€4,382 | +187% |
| Gross operating margin | 9900 | €224,944 | €218,472 | -€6,472 | -2.9% |
| Operating profit (loss) | 9901 | €26,219 | €3,187 | -€23,032 | -87.8% |
| Financial income | 75/76B | €429 | €33 | -€397 | -92.4% |
| Recurring financial income | 75 | €429 | €33 | -€397 | -92.4% |
| Financial charges | 65/66B | €7,591 | €9,138 | +€1,548 | +20.4% |
| Recurring financial charges | 65 | €7,591 | €9,138 | +€1,548 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €19,058 | -€5,918 | -€24,976 | |
| Income taxes | 67/77 | €122 | €91 | -€31 | -25.8% |
| Profit (loss) for the period | 9904 | €18,936 | -€6,009 | -€24,945 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,936 | -€6,009 | -€24,945 |
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.