KWL JACOBS: 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.
KWL JACOBS
Largest movements
- Cash +€22,843
up €22,843 (+15.4%), from €148,587 to €171,430
mainly Net result for the year (+€27,417) and Trade debts (+€24,793)
- Tangible fixed assets -€14,744
down €14,744 (-25.6%), from €57,591 to €42,847
- Receivables within one year +€7,253
up €7,253 (+3.9%), from €185,211 to €192,464
of which Other amounts receivable: +€7,253
- Trade debts +€24,793
up €24,793 (+13,350%), from €186 to €24,979
- Other debts -€15,810
down €15,810 (-8.5%), from €185,310 to €169,500
- Debts after one year -€11,979
down €11,979 (-31.9%), from €37,507 to €25,529
- Tax, wage and social debts +€8,156
up €8,156 (+79.9%), from €10,210 to €18,366
- Accrued charges and deferred income +€5,904
new in 2025: €5,904
- Gross operating margin +€9,785
up €9,785 (+22.1%), from €44,313 to €54,098
- Financial charges +€5,419
up €5,419 (+228%), from €2,377 to €7,797
- Financial income +€5,028
up €5,028 (+257%), from €1,958 to €6,985
- Taxes +€2,014
up €2,014 (+23.5%), from €8,558 to €10,572
- Other operating charges -€785
down €785 (-58.6%), from €1,340 to €555
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 | €395,393 | €409,370 | +€13,977 | +3.5% |
| Fixed assets | 21/28 | €57,641 | €42,897 | -€14,744 | -25.6% |
| Tangible fixed assets | 22/27 | €57,591 | €42,847 | -€14,744 | -25.6% |
| Furniture and vehicles | 24 | €57,591 | €42,847 | -€14,744 | -25.6% |
| Financial fixed assets | 28 | €50 | €50 | = | 0.0% |
| Current assets | 29/58 | €337,752 | €366,473 | +€28,721 | +8.5% |
| Amounts receivable within one year | 40/41 | €185,211 | €192,464 | +€7,253 | +3.9% |
| Trade receivables | 40 | €13,739 | €13,739 | = | 0.0% |
| Other amounts receivable | 41 | €171,472 | €178,725 | +€7,253 | +4.2% |
| Cash at bank and in hand | 54/58 | €148,587 | €171,430 | +€22,843 | +15.4% |
| Deferred charges and accrued income | 490/1 | €3,953 | €2,578 | -€1,375 | -34.8% |
| Total equity and liabilities | 10/49 | €395,393 | €409,370 | +€13,977 | +3.5% |
| Equity | 10/15 | €150,697 | €153,113 | +€2,417 | +1.6% |
| Contributions | 10/11 | €6,205 | €6,205 | = | 0.0% |
| Reserves | 13 | €144,491 | €146,908 | +€2,417 | +1.7% |
| Distributable reserves | 133 | €144,491 | €146,908 | +€2,417 | +1.7% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €244,696 | €256,256 | +€11,560 | +4.7% |
| Amounts payable after more than one year | 17 | €37,507 | €25,529 | -€11,979 | -31.9% |
| Financial debts | 170/4 | €37,507 | €25,529 | -€11,979 | -31.9% |
| Amounts payable within one year | 42/48 | €207,189 | €224,824 | +€17,635 | +8.5% |
| Financial debts | 43 | €11,484 | €11,979 | +€495 | +4.3% |
| Credit institutions | 430/8 | €11,484 | €11,979 | +€495 | +4.3% |
| Trade debts | 44 | €186 | €24,979 | +€24,793 | +13,350% |
| Suppliers | 440/4 | €186 | €24,979 | +€24,793 | +13,350% |
| Taxes, remuneration and social security | 45 | €10,210 | €18,366 | +€8,156 | +79.9% |
| Taxes | 450/3 | €10,210 | €18,366 | +€8,156 | +79.9% |
| Other amounts payable | 47/48 | €185,310 | €169,500 | -€15,810 | -8.5% |
| Accrued charges and deferred income | 492/3 | - | €5,904 | +€5,904 | |
| Non-recurring operating income | 76A | - | €4,525 | +€4,525 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,744 | €14,744 | = | 0.0% |
| Other operating charges | 640/8 | €1,340 | €555 | -€785 | -58.6% |
| Gross operating margin | 9900 | €44,313 | €54,098 | +€9,785 | +22.1% |
| Operating profit (loss) | 9901 | €28,230 | €38,800 | +€10,570 | +37.4% |
| Financial income | 75/76B | €1,958 | €6,985 | +€5,028 | +257% |
| Recurring financial income | 75 | €1,958 | €6,985 | +€5,028 | +257% |
| Financial charges | 65/66B | €2,377 | €7,797 | +€5,419 | +228% |
| Recurring financial charges | 65 | €2,377 | €7,797 | +€5,419 | +228% |
| Profit (loss) for the period before taxes | 9903 | €27,810 | €37,989 | +€10,179 | +36.6% |
| Income taxes | 67/77 | €8,558 | €10,572 | +€2,014 | +23.5% |
| Profit (loss) for the period | 9904 | €19,252 | €27,417 | +€8,165 | +42.4% |
| Profit (loss) for the period to be appropriated | 9905 | €19,252 | €27,417 | +€8,165 | +42.4% |
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 30 October 2026 via checked.be.