JASCOR: what changed
Two fiscal 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
JASCOR
NACE 70.100, Activities of head offices
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.8m
2024 · €2.2m-€437,150
Equity
€3.6m
2024 · €3.0m+€620,406
Cash
€64,669
2024 · €11,462+€53,207
Balance sheet total
€7.3m
2024 · €6.2m+€1.1m
Largest movements
Assets
- Financial fixed assets +€725,000
up €725,000 (+16.1%), from €4.5m to €5.2m
- Receivables within one year +€118,645
up €118,645 (+442.4%), from €26,821 to €145,466
of which Trade receivables: +€76,300
- Tangible fixed assets +€117,018
up €117,018 (+7.5%), from €1.6m to €1.7m
of which Land and buildings: +€125,716
Equity and liabilities
- Other debts +€902,857
up €902,857 (+361.1%), from €250,000 to €1.2m
- Profit (loss) carried forward +€620,406
up €620,406 (+20.7%), from €3.0m to €3.6m
- Debts after one year -€488,112
down €488,112 (-19.8%), from €2.5m to €2.0m
of which Financial debts: -€394,612
Income statement
- Financial income -€508,641
down €508,641 (-22.5%), from €2.3m to €1.8m
- Turnover +€74,374
up €74,374 (+30.9%), from €241,021 to €315,394
- Depreciation +€40,996
up €40,996 (+33.5%), from €122,237 to €163,233
- Financial charges -€20,105
down €20,105 (-18.1%), from €111,145 to €91,040
- Other operating income +€18,107
up €18,107 (+37.8%), from €47,883 to €65,990
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
€2.2m
Turnover
+€74,374
Other operating income
+€18,107
Goods and materials
+€2,219
Services and other goods
+€13,005
Depreciation
-€40,996
Other operating charges
-€627
Financial income
-€508,641
Financial charges
+€20,105
Taxes
-€14,695
Result 2025
€1.8m
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.
From operations
+€2.7m
Investment
-€1.1m
Financing
-€1.6m
Cash 2024
€11,462
From operations (derived)
+€2.7m
Net result for the year
+€1.8m
Depreciation
+€163,233
Smaller working-capital items
-€527
Receivables within one year
-€118,645
Trade debts
-€5,182
Tax, wage and social debts
+€14,216
Other debts
+€902,857
Investment (derived)
-€1.1m
Investment in fixed assets (net)
-€1.0m
Current investments
-€50,239
Financing
-€1.6m
Debts after one year
-€488,112
Current portion of long-term debt
+€20,451
Contributions, distributions and other
-€1.1m
Cash 2025
€64,669
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €6,204,997 | €7,269,633 | +€1.1m | +17.2% |
| Fixed assets | 21/28 | €6,061,629 | €6,903,647 | +€842,018 | +13.9% |
| Tangible fixed assets | 22/27 | €1,555,241 | €1,672,259 | +€117,018 | +7.5% |
| Land and buildings | 22 | €1,463,403 | €1,589,119 | +€125,716 | +8.6% |
| Furniture and vehicles | 24 | €91,837 | €83,139 | -€8,698 | -9.5% |
| Financial fixed assets | 28 | €4,506,388 | €5,231,388 | +€725,000 | +16.1% |
| Affiliated companies | 280/1 | €4,506,388 | €5,231,388 | +€725,000 | +16.1% |
| Participating interests | 280 | €4,302,500 | €4,302,500 | = | 0.0% |
| Amounts receivable | 281 | €203,888 | €928,888 | +€725,000 | +355.6% |
| Current assets | 29/58 | €143,369 | €365,986 | +€222,618 | +155.3% |
| Stocks and contracts in progress | 3 | €320 | €174 | -€145 | -45.5% |
| Stocks | 30/36 | €320 | €174 | -€145 | -45.5% |
| Goods purchased for resale | 34 | €320 | €174 | -€145 | -45.5% |
| Amounts receivable within one year | 40/41 | €26,821 | €145,466 | +€118,645 | +442.4% |
| Trade receivables | 40 | €25,308 | €101,608 | +€76,300 | +301.5% |
| Other amounts receivable | 41 | €1,513 | €43,858 | +€42,346 | +2799.4% |
| Current investments | 50/53 | €102,200 | €152,438 | +€50,239 | +49.2% |
| Other investments | 51/53 | €102,200 | €152,438 | +€50,239 | +49.2% |
| Cash at bank and in hand | 54/58 | €11,462 | €64,669 | +€53,207 | +464.2% |
| Deferred charges and accrued income | 490/1 | €2,566 | €3,238 | +€672 | +26.2% |
| Total equity and liabilities | 10/49 | €6,204,997 | €7,269,633 | +€1.1m | +17.2% |
| Equity | 10/15 | €3,015,810 | €3,636,216 | +€620,406 | +20.6% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,997,260 | €3,617,666 | +€620,406 | +20.7% |
| Amounts payable | 17/49 | €3,189,187 | €3,633,417 | +€444,229 | +13.9% |
| Amounts payable after more than one year | 17 | €2,459,541 | €1,971,429 | -€488,112 | -19.8% |
| Financial debts | 170/4 | €2,085,541 | €1,690,929 | -€394,612 | -18.9% |
| Credit institutions | 173 | €1,730,927 | €1,348,561 | -€382,366 | -22.1% |
| Other loans | 174 | €354,613 | €342,367 | -€12,246 | -3.5% |
| Other amounts payable | 178/9 | €374,000 | €280,500 | -€93,500 | -25.0% |
| Amounts payable within one year | 42/48 | €729,647 | €1,661,988 | +€932,342 | +127.8% |
| Current portion of amounts payable after more than one year | 42 | €455,596 | €476,046 | +€20,451 | +4.5% |
| Trade debts | 44 | €9,612 | €4,430 | -€5,182 | -53.9% |
| Suppliers | 440/4 | €9,612 | €4,430 | -€5,182 | -53.9% |
| Taxes, remuneration and social security | 45 | €14,439 | €28,655 | +€14,216 | +98.5% |
| Taxes | 450/3 | €13,048 | €25,629 | +€12,581 | +96.4% |
| Remuneration and social security | 454/9 | €1,391 | €3,026 | +€1,635 | +117.5% |
| Other amounts payable | 47/48 | €250,000 | €1,152,857 | +€902,857 | +361.1% |
| Operating income | 70/76A | €288,904 | €381,384 | +€92,481 | +32.0% |
| Turnover | 70 | €241,021 | €315,394 | +€74,374 | +30.9% |
| Other operating income | 74 | €47,883 | €65,990 | +€18,107 | +37.8% |
| Operating charges | 60/66A | €240,360 | €266,758 | +€26,399 | +11.0% |
| Goods for resale, raw materials and consumables | 60 | €3,427 | €1,208 | -€2,219 | -64.7% |
| Purchases | 600/8 | €3,429 | €1,063 | -€2,366 | -69.0% |
| Change in stocks: decrease (increase) | 609 | -€2 | €145 | +€147 | |
| Services and other goods | 61 | €111,689 | €98,684 | -€13,005 | -11.6% |
| Remuneration, social security and pensions | 62 | €59 | €59 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €122,237 | €163,233 | +€40,996 | +33.5% |
| Other operating charges | 640/8 | €2,948 | €3,575 | +€627 | +21.3% |
| Operating profit (loss) | 9901 | €48,544 | €114,626 | +€66,082 | +136.1% |
| Financial income | 75/76B | €2,263,014 | €1,754,372 | -€508,641 | -22.5% |
| Recurring financial income | 75 | €2,263,014 | €1,754,372 | -€508,641 | -22.5% |
| Income from financial fixed assets | 750 | €2,263,013 | €1,750,000 | -€513,013 | -22.7% |
| Income from current assets | 751 | - | €4,372 | +€4,372 | |
| Other financial income | 752/9 | €1 | - | -€1 | |
| Financial charges | 65/66B | €111,145 | €91,040 | -€20,105 | -18.1% |
| Recurring financial charges | 65 | €111,145 | €91,040 | -€20,105 | -18.1% |
| Debt charges | 650 | €110,463 | €90,232 | -€20,232 | -18.3% |
| Other financial charges | 652/9 | €681 | €808 | +€127 | +18.6% |
| Profit (loss) for the period before taxes | 9903 | €2,200,413 | €1,777,959 | -€422,454 | -19.2% |
| Income taxes | 67/77 | - | €14,695 | +€14,695 | |
| Taxes | 670/3 | - | €14,695 | +€14,695 | |
| Profit (loss) for the period | 9904 | €2,200,413 | €1,763,263 | -€437,150 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €2,200,413 | €1,763,263 | -€437,150 | -19.9% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.