RIK 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.
RIK JACOB
Largest movements
- Current investments +€687,950
up €687,950 (+21.9%), from €3.1m to €3.8m
- Cash -€307,846
down €307,846 (-62.5%), from €492,567 to €184,721
mainly Current investments (-€687,950) and Debts after one year (-€49,253)
- Tangible fixed assets -€77,632
down €77,632 (-6.4%), from €1.2m to €1.1m
of which Land and buildings: -€73,230
- Reserves +€287,891
up €287,891 (+6.7%), from €4.3m to €4.6m
of which Distributable reserves: +€287,891
- Financial income -€310,576
down €310,576 (-61.6%), from €504,059 to €193,484
- Gross operating margin -€151,719
down €151,719 (-35.9%), from €422,994 to €271,275
- Taxes -€83,462
down €83,462 (-54.8%), from €152,285 to €68,823
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 | €5,019,271 | €5,289,070 | +€269,799 | +5.4% |
| Fixed assets | 21/28 | €1,209,314 | €1,131,681 | -€77,632 | -6.4% |
| Tangible fixed assets | 22/27 | €1,209,314 | €1,131,681 | -€77,632 | -6.4% |
| Land and buildings | 22 | €1,185,314 | €1,112,084 | -€73,230 | -6.2% |
| Plant, machinery and equipment | 23 | - | €3,674 | +€3,674 | |
| Furniture and vehicles | 24 | €23,999 | €15,923 | -€8,077 | -33.7% |
| Current assets | 29/58 | €3,809,957 | €4,157,389 | +€347,432 | +9.1% |
| Stocks and contracts in progress | 3 | €32,000 | €25,000 | -€7,000 | -21.9% |
| Stocks | 30/36 | €32,000 | €25,000 | -€7,000 | -21.9% |
| Amounts receivable within one year | 40/41 | €138,225 | €105,921 | -€32,304 | -23.4% |
| Trade receivables | 40 | €138,185 | €75,673 | -€62,512 | -45.2% |
| Other amounts receivable | 41 | €40 | €30,248 | +€30,208 | +75,539% |
| Current investments | 50/53 | €3,137,394 | €3,825,343 | +€687,950 | +21.9% |
| Cash at bank and in hand | 54/58 | €492,567 | €184,721 | -€307,846 | -62.5% |
| Deferred charges and accrued income | 490/1 | €9,772 | €16,404 | +€6,632 | +67.9% |
| Total equity and liabilities | 10/49 | €5,019,271 | €5,289,070 | +€269,799 | +5.4% |
| Equity | 10/15 | €4,291,763 | €4,579,654 | +€287,891 | +6.7% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €4,279,363 | €4,567,254 | +€287,891 | +6.7% |
| Tax-exempt reserves | 132 | €0 | - | = | |
| Distributable reserves | 133 | €4,279,363 | €4,567,254 | +€287,891 | +6.7% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €727,508 | €709,416 | -€18,092 | -2.5% |
| Amounts payable after more than one year | 17 | €597,728 | €548,475 | -€49,253 | -8.2% |
| Financial debts | 170/4 | €597,728 | €548,475 | -€49,253 | -8.2% |
| Amounts payable within one year | 42/48 | €121,554 | €154,936 | +€33,383 | +27.5% |
| Current portion of amounts payable after more than one year | 42 | €48,466 | €49,253 | +€787 | +1.6% |
| Trade debts | 44 | €807 | €17,317 | +€16,510 | +2,045% |
| Suppliers | 440/4 | €807 | €17,317 | +€16,510 | +2,045% |
| Taxes, remuneration and social security | 45 | €69,062 | €86,531 | +€17,469 | +25.3% |
| Taxes | 450/3 | €69,062 | €74,130 | +€5,068 | +7.3% |
| Remuneration and social security | 454/9 | - | €12,401 | +€12,401 | |
| Other amounts payable | 47/48 | €3,218 | €1,835 | -€1,383 | -43.0% |
| Accrued charges and deferred income | 492/3 | €8,227 | €6,005 | -€2,221 | -27.0% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €78,444 | €82,232 | +€3,788 | +4.8% |
| Other operating charges | 640/8 | €9,535 | €11,397 | +€1,862 | +19.5% |
| Gross operating margin | 9900 | €422,994 | €271,275 | -€151,719 | -35.9% |
| Operating profit (loss) | 9901 | €335,015 | €177,645 | -€157,369 | -47.0% |
| Financial income | 75/76B | €504,059 | €193,484 | -€310,576 | -61.6% |
| Recurring financial income | 75 | €504,059 | €193,484 | -€310,576 | -61.6% |
| Financial charges | 65/66B | €14,994 | €14,415 | -€579 | -3.9% |
| Recurring financial charges | 65 | €14,994 | €14,415 | -€579 | -3.9% |
| Profit (loss) for the period before taxes | 9903 | €824,080 | €356,714 | -€467,366 | -56.7% |
| Income taxes | 67/77 | €152,285 | €68,823 | -€83,462 | -54.8% |
| Profit (loss) for the period | 9904 | €671,795 | €287,891 | -€383,904 | -57.1% |
| Transfer from tax-exempt reserves | 789 | €52,500 | €0 | -€52,500 | -100% |
| Profit (loss) for the period to be appropriated | 9905 | €724,295 | €287,891 | -€436,404 | -60.3% |
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 20 October 2026 via checked.be.