L. Jacob: 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. Jacob
Largest movements
- Receivables within one year -€96,261
down €96,261 (-84.2%), from €114,296 to €18,035
of which Trade receivables: -€111,231
- Tangible fixed assets +€16,920
up €16,920 (+338%), from €4,999 to €21,919
- Current portion of long-term debt -€46,928
down €46,928 (-74.5%), from €62,966 to €16,039
- Other debts -€14,895
down €14,895 (-100%), from €14,895 to €0
- Profit (loss) carried forward -€12,405
down €12,405 (-65.5%), from -€18,928 to -€31,332
- Debts after one year +€12,011
up €12,011 (+216%), from €5,551 to €17,562
- Tax, wage and social debts -€9,405
down €9,405 (-89.1%), from €10,560 to €1,155
- Gross operating margin -€114,655
down €114,655, from €114,228 to -€427
- Taxes -€9,536
down €9,536 (-97.3%), from €9,803 to €267
- Depreciation -€5,403
down €5,403 (-73.3%), from €7,372 to €1,969
- Write-downs -€2,325
down €2,325 (-100%), from €2,325 to €0
- Other operating charges +€1,610
up €1,610 (+183%), from €881 to €2,491
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
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €120,065 | €41,514 | -€78,551 | -65.4% |
| Fixed assets | 21/28 | €4,999 | €21,919 | +€16,920 | +338% |
| Tangible fixed assets | 22/27 | €4,999 | €21,919 | +€16,920 | +338% |
| Furniture and vehicles | 24 | €4,999 | €21,919 | +€16,920 | +338% |
| Current assets | 29/58 | €115,066 | €19,596 | -€95,471 | -83.0% |
| Amounts receivable within one year | 40/41 | €114,296 | €18,035 | -€96,261 | -84.2% |
| Trade receivables | 40 | €113,923 | €2,692 | -€111,231 | -97.6% |
| Other amounts receivable | 41 | €373 | €15,343 | +€14,970 | +4,015% |
| Deferred charges and accrued income | 490/1 | €770 | €1,560 | +€790 | +103% |
| Total equity and liabilities | 10/49 | €120,065 | €41,514 | -€78,551 | -65.4% |
| Equity | 10/15 | -€280 | -€12,685 | -€12,405 | -4,426% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €47 | €47 | = | 0.0% |
| Distributable reserves | 133 | €47 | €47 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€18,928 | -€31,332 | -€12,405 | -65.5% |
| Amounts payable | 17/49 | €120,346 | €54,199 | -€66,146 | -55.0% |
| Amounts payable after more than one year | 17 | €5,551 | €17,562 | +€12,011 | +216% |
| Financial debts | 170/4 | €5,551 | €17,562 | +€12,011 | +216% |
| Amounts payable within one year | 42/48 | €110,895 | €36,637 | -€74,258 | -67.0% |
| Current portion of amounts payable after more than one year | 42 | €62,966 | €16,039 | -€46,928 | -74.5% |
| Financial debts | 43 | €16,331 | €12,933 | -€3,398 | -20.8% |
| Credit institutions | 430/8 | €16,331 | €12,933 | -€3,398 | -20.8% |
| Trade debts | 44 | €6,142 | €6,510 | +€368 | +6.0% |
| Suppliers | 440/4 | €6,142 | €6,510 | +€368 | +6.0% |
| Taxes, remuneration and social security | 45 | €10,560 | €1,155 | -€9,405 | -89.1% |
| Taxes | 450/3 | €10,560 | €1,155 | -€9,405 | -89.1% |
| Other amounts payable | 47/48 | €14,895 | €0 | -€14,895 | -100% |
| Accrued charges and deferred income | 492/3 | €3,900 | €0 | -€3,900 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,372 | €1,969 | -€5,403 | -73.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,325 | €0 | -€2,325 | -100% |
| Other operating charges | 640/8 | €881 | €2,491 | +€1,610 | +183% |
| Non-recurring operating charges | 66A | - | €126 | +€126 | |
| Gross operating margin | 9900 | €114,228 | -€427 | -€114,655 | |
| Operating profit (loss) | 9901 | €103,650 | -€5,013 | -€108,663 | |
| Financial income | 75/76B | €5 | €63 | +€57 | +1,043% |
| Recurring financial income | 75 | €5 | €63 | +€57 | +1,043% |
| Financial charges | 65/66B | €5,968 | €7,187 | +€1,219 | +20.4% |
| Recurring financial charges | 65 | €5,968 | €7,187 | +€1,219 | +20.4% |
| Profit (loss) for the period before taxes | 9903 | €97,687 | -€12,138 | -€109,825 | |
| Income taxes | 67/77 | €9,803 | €267 | -€9,536 | -97.3% |
| Profit (loss) for the period | 9904 | €87,884 | -€12,405 | -€100,289 | |
| Profit (loss) for the period to be appropriated | 9905 | €87,884 | -€12,405 | -€100,289 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 13 October 2026 via checked.be.