Ruben Jackers: 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.
Ruben Jackers
Largest movements
- Tangible fixed assets +€1.0m
up €1.0m (+586.1%), from €173,785 to €1.2m
of which Land and buildings: +€1.0m
- Current investments +€220,000
new in 2025: €220,000
- Cash -€145,182
down €145,182 (-75.5%), from €192,284 to €47,102
mainly Investment in fixed assets (net) (-€1.1m) and Current investments (-€220,000)
- Intangible fixed assets -€38,858
down €38,858 (-5.4%), from €725,628 to €686,770
- Debts after one year +€1.0m
up €1.0m (+114.7%), from €880,440 to €1.9m
- Reserves +€29,067
up €29,067 (+32.0%), from €90,953 to €120,020
- Gross operating margin -€97,296
down €97,296 (-14.5%), from €669,903 to €572,607
- Staff costs -€48,487
down €48,487 (-11.1%), from €435,688 to €387,201
- Other operating charges +€21,454
up €21,454 (+559.0%), from €3,838 to €25,291
- Taxes -€19,590
down €19,590 (-38.4%), from €50,971 to €31,381
- Depreciation +€10,782
up €10,782 (+17.9%), from €60,115 to €70,897
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.
Cash bridge derived
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 | €1,207,035 | €2,258,399 | +€1.1m | +87.1% |
| Fixed assets | 21/28 | €899,413 | €1,879,091 | +€979,679 | +108.9% |
| Intangible fixed assets | 21 | €725,628 | €686,770 | -€38,858 | -5.4% |
| Tangible fixed assets | 22/27 | €173,785 | €1,192,321 | +€1.0m | +586.1% |
| Land and buildings | 22 | €168,986 | €1,170,026 | +€1.0m | +592.4% |
| Plant, machinery and equipment | 23 | €4,701 | €5,031 | +€329 | +7.0% |
| Furniture and vehicles | 24 | €97 | €17,264 | +€17,167 | +17612.5% |
| Current assets | 29/58 | €307,622 | €379,308 | +€71,686 | +23.3% |
| Amounts receivable within one year | 40/41 | €115,338 | €112,206 | -€3,132 | -2.7% |
| Trade receivables | 40 | €102,893 | €98,913 | -€3,980 | -3.9% |
| Other amounts receivable | 41 | €12,445 | €13,293 | +€847 | +6.8% |
| Current investments | 50/53 | - | €220,000 | +€220,000 | |
| Cash at bank and in hand | 54/58 | €192,284 | €47,102 | -€145,182 | -75.5% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €1,207,035 | €2,258,399 | +€1.1m | +87.1% |
| Equity | 10/15 | €176,936 | €206,003 | +€29,067 | +16.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €90,953 | €120,020 | +€29,067 | +32.0% |
| Distributable reserves | 133 | €90,953 | €120,020 | +€29,067 | +32.0% |
| Profit (loss) carried forward | 14 | €65,983 | €65,983 | = | 0.0% |
| Amounts payable | 17/49 | €1,030,099 | €2,052,397 | +€1.0m | +99.2% |
| Amounts payable after more than one year | 17 | €880,440 | €1,890,739 | +€1.0m | +114.7% |
| Financial debts | 170/4 | €880,440 | €1,890,739 | +€1.0m | +114.7% |
| Amounts payable within one year | 42/48 | €149,658 | €161,658 | +€11,999 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €20,656 | €22,557 | +€1,901 | +9.2% |
| Financial debts | 43 | €16,728 | €12,527 | -€4,201 | -25.1% |
| Credit institutions | 430/8 | €16,728 | €12,527 | -€4,201 | -25.1% |
| Trade debts | 44 | €41,340 | €39,209 | -€2,130 | -5.2% |
| Suppliers | 440/4 | €41,340 | €39,209 | -€2,130 | -5.2% |
| Taxes, remuneration and social security | 45 | €70,935 | €87,364 | +€16,429 | +23.2% |
| Taxes | 450/3 | €32,163 | €47,352 | +€15,189 | +47.2% |
| Remuneration and social security | 454/9 | €38,771 | €40,012 | +€1,240 | +3.2% |
| Non-recurring operating income | 76A | €0 | €240 | +€240 | |
| Remuneration, social security and pensions | 62 | €435,688 | €387,201 | -€48,487 | -11.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,115 | €70,897 | +€10,782 | +17.9% |
| Other operating charges | 640/8 | €3,838 | €25,291 | +€21,454 | +559.0% |
| Gross operating margin | 9900 | €669,903 | €572,607 | -€97,296 | -14.5% |
| Operating profit (loss) | 9901 | €170,262 | €89,217 | -€81,045 | -47.6% |
| Financial income | 75/76B | €8,559 | €8,172 | -€387 | -4.5% |
| Recurring financial income | 75 | €8,559 | €8,172 | -€387 | -4.5% |
| Financial charges | 65/66B | €38,896 | €36,942 | -€1,954 | -5.0% |
| Recurring financial charges | 65 | €38,896 | €36,942 | -€1,954 | -5.0% |
| Profit (loss) for the period before taxes | 9903 | €139,925 | €60,448 | -€79,477 | -56.8% |
| Income taxes | 67/77 | €50,971 | €31,381 | -€19,590 | -38.4% |
| Profit (loss) for the period | 9904 | €88,953 | €29,067 | -€59,887 | -67.3% |
| Profit (loss) for the period to be appropriated | 9905 | €88,953 | €29,067 | -€59,887 | -67.3% |
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 10 October 2026 via checked.be.