P JACOB INTERNATIONAL: 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.
P JACOB INTERNATIONAL
Largest movements
- Tangible fixed assets +€14,686
up €14,686 (+8.6%), from €170,108 to €184,794
of which Furniture and vehicles: +€24,934
- Cash -€11,763
no longer reported in 2025 (was €11,763)
mainly Net result for the year (-€27,395) and Investment in fixed assets (net) (-€25,000)
- Debts after one year +€36,897
up €36,897 (+6.8%), from €545,218 to €582,115
of which Other amounts payable: +€53,185
- Profit (loss) carried forward -€27,395
down €27,395 (-5.6%), from -€485,343 to -€512,738
- Trade debts -€14,938
down €14,938 (-36.7%), from €40,721 to €25,783
- Short-term financial debts +€5,712
new in 2025: €5,712
- Staff costs -€6,742
down €6,742 (-35.3%), from €19,103 to €12,361
- Gross operating margin +€4,001
up €4,001 (+64.6%), from -€6,196 to -€2,196
- Depreciation -€599
down €599 (-5.5%), from €10,913 to €10,314
- Financial charges +€428
up €428 (+53.4%), from €801 to €1,230
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 | €248,102 | €249,533 | +€1,430 | +0.6% |
| Fixed assets | 21/28 | €170,108 | €184,794 | +€14,686 | +8.6% |
| Tangible fixed assets | 22/27 | €170,108 | €184,794 | +€14,686 | +8.6% |
| Land and buildings | 22 | €165,164 | €159,627 | -€5,537 | -3.4% |
| Plant, machinery and equipment | 23 | €16 | - | -€16 | |
| Furniture and vehicles | 24 | €233 | €25,167 | +€24,934 | +10,685% |
| Other tangible fixed assets | 26 | €4,694 | - | -€4,694 | |
| Current assets | 29/58 | €77,995 | €64,739 | -€13,256 | -17.0% |
| Stocks and contracts in progress | 3 | €60,688 | €60,105 | -€583 | -1.0% |
| Stocks | 30/36 | €60,688 | €60,105 | -€583 | -1.0% |
| Amounts receivable within one year | 40/41 | €5,543 | €4,634 | -€909 | -16.4% |
| Trade receivables | 40 | €4,890 | €3,981 | -€909 | -18.6% |
| Other amounts receivable | 41 | €653 | €653 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €11,763 | - | -€11,763 | |
| Total equity and liabilities | 10/49 | €248,102 | €249,533 | +€1,430 | +0.6% |
| Equity | 10/15 | -€393,483 | -€420,878 | -€27,395 | -7.0% |
| Contributions | 10/11 | €90,000 | €90,000 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€485,343 | -€512,738 | -€27,395 | -5.6% |
| Amounts payable | 17/49 | €641,585 | €670,410 | +€28,825 | +4.5% |
| Amounts payable after more than one year | 17 | €545,218 | €582,115 | +€36,897 | +6.8% |
| Financial debts | 170/4 | €98,749 | €82,461 | -€16,288 | -16.5% |
| Other amounts payable | 178/9 | €446,469 | €499,654 | +€53,185 | +11.9% |
| Amounts payable within one year | 42/48 | €95,887 | €87,816 | -€8,072 | -8.4% |
| Financial debts | 43 | - | €5,712 | +€5,712 | |
| Credit institutions | 430/8 | - | €5,712 | +€5,712 | |
| Trade debts | 44 | €40,721 | €25,783 | -€14,938 | -36.7% |
| Suppliers | 440/4 | €40,721 | €25,783 | -€14,938 | -36.7% |
| Taxes, remuneration and social security | 45 | €8,740 | €9,894 | +€1,154 | +13.2% |
| Taxes | 450/3 | €204 | €1,139 | +€934 | +457% |
| Remuneration and social security | 454/9 | €8,536 | €8,756 | +€220 | +2.6% |
| Other amounts payable | 47/48 | €46,426 | €46,426 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €480 | €480 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €19,103 | €12,361 | -€6,742 | -35.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,913 | €10,314 | -€599 | -5.5% |
| Other operating charges | 640/8 | €1,259 | €1,294 | +€35 | +2.8% |
| Gross operating margin | 9900 | -€6,196 | -€2,196 | +€4,001 | +64.6% |
| Operating profit (loss) | 9901 | -€37,472 | -€26,165 | +€11,307 | +30.2% |
| Financial income | 75/76B | - | €0 | +€0 | |
| Recurring financial income | 75 | - | €0 | +€0 | |
| Financial charges | 65/66B | €801 | €1,230 | +€428 | +53.4% |
| Recurring financial charges | 65 | €801 | €1,230 | +€428 | +53.4% |
| Profit (loss) for the period before taxes | 9903 | -€38,273 | -€27,395 | +€10,878 | +28.4% |
| Profit (loss) for the period | 9904 | -€38,273 | -€27,395 | +€10,878 | +28.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€38,273 | -€27,395 | +€10,878 | +28.4% |
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 31 October 2026 via checked.be.