JB Van Acker: 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.
JB Van Acker
Largest movements
- Cash -€11,020
down €11,020 (-16.9%), from €65,042 to €54,022
mainly Investment in fixed assets (net) (-€14,960) and Debts after one year (-€13,397)
- Debts after one year -€13,397
down €13,397 (-3.2%), from €422,072 to €408,675
of which Financial debts: -€13,397
- Financial charges +€12,060
up €12,060 (+203.4%), from €5,928 to €17,988
- Depreciation -€10,211
down €10,211 (-42.1%), from €24,244 to €14,032
- Gross operating margin -€5,952
down €5,952 (-14.1%), from €42,126 to €36,174
- Taxes -€2,272
down €2,272 (-63.1%), from €3,598 to €1,326
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 | €573,765 | €570,122 | -€3,643 | -0.6% |
| Fixed assets | 21/28 | €496,443 | €497,370 | +€927 | +0.2% |
| Tangible fixed assets | 22/27 | €496,443 | €497,370 | +€927 | +0.2% |
| Land and buildings | 22 | €489,027 | €482,633 | -€6,394 | -1.3% |
| Furniture and vehicles | 24 | €7,416 | €14,737 | +€7,321 | +98.7% |
| Current assets | 29/58 | €77,322 | €72,751 | -€4,571 | -5.9% |
| Amounts receivable within one year | 40/41 | €10,615 | €14,343 | +€3,728 | +35.1% |
| Trade receivables | 40 | €4,643 | €9,157 | +€4,515 | +97.2% |
| Other amounts receivable | 41 | €5,972 | €5,185 | -€787 | -13.2% |
| Cash at bank and in hand | 54/58 | €65,042 | €54,022 | -€11,020 | -16.9% |
| Deferred charges and accrued income | 490/1 | €1,666 | €4,387 | +€2,721 | +163.4% |
| Total equity and liabilities | 10/49 | €573,765 | €570,122 | -€3,643 | -0.6% |
| Equity | 10/15 | €124,726 | €126,747 | +€2,022 | +1.6% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €123,726 | €123,726 | = | 0.0% |
| Distributable reserves | 133 | €123,726 | €123,726 | = | 0.0% |
| Profit (loss) carried forward | 14 | €0 | €2,022 | +€2,022 | |
| Amounts payable | 17/49 | €449,039 | €443,374 | -€5,665 | -1.3% |
| Amounts payable after more than one year | 17 | €422,072 | €408,675 | -€13,397 | -3.2% |
| Financial debts | 170/4 | €332,072 | €318,675 | -€13,397 | -4.0% |
| Other amounts payable | 178/9 | €90,000 | €90,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €26,068 | €33,799 | +€7,732 | +29.7% |
| Current portion of amounts payable after more than one year | 42 | €12,928 | €13,397 | +€469 | +3.6% |
| Trade debts | 44 | €2,020 | €6,061 | +€4,041 | +200.0% |
| Suppliers | 440/4 | €2,020 | €6,061 | +€4,041 | +200.0% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €3,779 | €7,495 | +€3,717 | +98.4% |
| Taxes | 450/3 | €3,779 | €7,495 | +€3,717 | +98.4% |
| Other amounts payable | 47/48 | €7,340 | €6,846 | -€495 | -6.7% |
| Accrued charges and deferred income | 492/3 | €900 | €900 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,244 | €14,032 | -€10,211 | -42.1% |
| Other operating charges | 640/8 | €575 | €604 | +€29 | +5.0% |
| Gross operating margin | 9900 | €42,126 | €36,174 | -€5,952 | -14.1% |
| Operating profit (loss) | 9901 | €17,308 | €21,538 | +€4,230 | +24.4% |
| Financial income | 75/76B | €375 | €632 | +€256 | +68.4% |
| Recurring financial income | 75 | €375 | €632 | +€256 | +68.4% |
| Financial charges | 65/66B | €5,928 | €17,988 | +€12,060 | +203.4% |
| Recurring financial charges | 65 | €5,928 | €17,988 | +€12,060 | +203.4% |
| Profit (loss) for the period before taxes | 9903 | €11,754 | €4,181 | -€7,573 | -64.4% |
| Income taxes | 67/77 | €3,598 | €1,326 | -€2,272 | -63.1% |
| Profit (loss) for the period | 9904 | €8,156 | €2,855 | -€5,301 | -65.0% |
| Profit (loss) for the period to be appropriated | 9905 | €8,156 | €2,855 | -€5,301 | -65.0% |
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 5 October 2026 via checked.be.