L.H. 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.
L.H. JACOBS
Largest movements
- Current investments -€187,422
down €187,422 (-28.9%), from €648,714 to €461,292
- Tangible fixed assets -€16,589
down €16,589 (-3.3%), from €507,439 to €490,850
of which Land and buildings: -€15,736
- Debts after one year -€234,316
down €234,316 (-49.2%), from €476,618 to €242,301
- Reserves +€126,471
up €126,471 (+23.0%), from €550,101 to €676,573
- Other debts -€97,107
down €97,107 (-100%), from €97,107 to €0
- Financial income +€97,307
up €97,307 (+152%), from €64,170 to €161,477
- Taxes +€11,426
up €11,426 (+936%), from €1,221 to €12,647
- Financial charges -€3,780
down €3,780 (-21.8%), from €17,315 to €13,535
- Depreciation +€1,564
up €1,564 (+10.4%), from €15,026 to €16,589
- Gross operating margin -€1,012
down €1,012 (-7.3%), from €13,925 to €12,913
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 | €1,160,504 | €959,758 | -€200,746 | -17.3% |
| Fixed assets | 21/28 | €507,539 | €490,950 | -€16,589 | -3.3% |
| Tangible fixed assets | 22/27 | €507,439 | €490,850 | -€16,589 | -3.3% |
| Land and buildings | 22 | €505,190 | €489,454 | -€15,736 | -3.1% |
| Furniture and vehicles | 24 | €2,249 | €1,396 | -€853 | -37.9% |
| Financial fixed assets | 28 | €100 | €100 | = | 0.0% |
| Current assets | 29/58 | €652,964 | €468,808 | -€184,156 | -28.2% |
| Amounts receivable within one year | 40/41 | €1,388 | €2,893 | +€1,505 | +108% |
| Other amounts receivable | 41 | €1,388 | €2,893 | +€1,505 | +108% |
| Current investments | 50/53 | €648,714 | €461,292 | -€187,422 | -28.9% |
| Cash at bank and in hand | 54/58 | €2,863 | €4,624 | +€1,761 | +61.5% |
| Total equity and liabilities | 10/49 | €1,160,504 | €959,758 | -€200,746 | -17.3% |
| Equity | 10/15 | €565,819 | €694,573 | +€128,754 | +22.8% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Reserves | 13 | €550,101 | €676,573 | +€126,471 | +23.0% |
| Distributable reserves | 133 | €550,101 | €676,573 | +€126,471 | +23.0% |
| Profit (loss) carried forward | 14 | -€2,283 | €0 | +€2,283 | |
| Amounts payable | 17/49 | €594,685 | €265,185 | -€329,500 | -55.4% |
| Amounts payable after more than one year | 17 | €476,618 | €242,301 | -€234,316 | -49.2% |
| Financial debts | 170/4 | €476,618 | €242,301 | -€234,316 | -49.2% |
| Amounts payable within one year | 42/48 | €118,067 | €22,884 | -€95,183 | -80.6% |
| Current portion of amounts payable after more than one year | 42 | €20,835 | €12,644 | -€8,190 | -39.3% |
| Trade debts | 44 | €126 | €289 | +€163 | +129% |
| Suppliers | 440/4 | €126 | €289 | +€163 | +129% |
| Taxes, remuneration and social security | 45 | - | €9,951 | +€9,951 | |
| Taxes | 450/3 | - | €9,951 | +€9,951 | |
| Other amounts payable | 47/48 | €97,107 | €0 | -€97,107 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,026 | €16,589 | +€1,564 | +10.4% |
| Other operating charges | 640/8 | €2,778 | €2,865 | +€87 | +3.1% |
| Gross operating margin | 9900 | €13,925 | €12,913 | -€1,012 | -7.3% |
| Operating profit (loss) | 9901 | -€3,879 | -€6,541 | -€2,663 | -68.6% |
| Financial income | 75/76B | €64,170 | €161,477 | +€97,307 | +152% |
| Recurring financial income | 75 | €64,170 | €161,477 | +€97,307 | +152% |
| Financial charges | 65/66B | €17,315 | €13,535 | -€3,780 | -21.8% |
| Recurring financial charges | 65 | €17,315 | €13,535 | -€3,780 | -21.8% |
| Profit (loss) for the period before taxes | 9903 | €42,977 | €141,401 | +€98,425 | +229% |
| Income taxes | 67/77 | €1,221 | €12,647 | +€11,426 | +936% |
| Profit (loss) for the period | 9904 | €41,756 | €128,754 | +€86,998 | +208% |
| Profit (loss) for the period to be appropriated | 9905 | €41,756 | €128,754 | +€86,998 | +208% |
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 18 October 2026 via checked.be.