THOMAS JACXSENS: 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.
THOMAS JACXSENS
Largest movements
- Cash +€72,042
up €72,042 (+48.3%), from €149,105 to €221,147
mainly Net result for the year (+€64,866) and Tax, wage and social debts (+€8,363)
- Receivables within one year +€4,194
up €4,194 (+24.7%), from €16,984 to €21,177
- Reserves +€64,866
up €64,866 (+45.6%), from €142,330 to €207,197
of which Distributable reserves: +€64,866
- Tax, wage and social debts +€8,363
up €8,363 (+81.0%), from €10,319 to €18,682
- Financial charges -€53,137
down €53,137 (-95.8%), from €55,454 to €2,317
- Taxes +€20,479
up €20,479 (+1,038%), from €1,974 to €22,453
- Gross operating margin +€12,253
up €12,253 (+15.6%), from €78,510 to €90,763
- Financial income +€1,184
up €1,184 (+137%), from €867 to €2,051
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 | €170,361 | €245,239 | +€74,878 | +44.0% |
| Fixed assets | 21/28 | €2,294 | €2,378 | +€84 | +3.7% |
| Intangible fixed assets | 21 | - | €461 | +€461 | |
| Tangible fixed assets | 22/27 | €2,254 | €1,877 | -€377 | -16.7% |
| Plant, machinery and equipment | 23 | €1,461 | €1,539 | +€77 | +5.3% |
| Furniture and vehicles | 24 | €793 | €339 | -€454 | -57.3% |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Financial fixed assets | 28 | €40 | €40 | = | 0.0% |
| Current assets | 29/58 | €168,067 | €242,860 | +€74,793 | +44.5% |
| Amounts receivable within one year | 40/41 | €16,984 | €21,177 | +€4,194 | +24.7% |
| Trade receivables | 40 | €16,984 | €21,177 | +€4,194 | +24.7% |
| Current investments | 50/53 | €994 | €0 | -€994 | -100% |
| Cash at bank and in hand | 54/58 | €149,105 | €221,147 | +€72,042 | +48.3% |
| Deferred charges and accrued income | 490/1 | €985 | €536 | -€449 | -45.6% |
| Total equity and liabilities | 10/49 | €170,361 | €245,239 | +€74,878 | +44.0% |
| Equity | 10/15 | €154,730 | €219,597 | +€64,866 | +41.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €142,330 | €207,197 | +€64,866 | +45.6% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €140,475 | €205,342 | +€64,866 | +46.2% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €15,631 | €25,642 | +€10,011 | +64.0% |
| Amounts payable within one year | 42/48 | €15,631 | €25,642 | +€10,011 | +64.0% |
| Financial debts | 43 | €13 | €772 | +€759 | +5,824% |
| Credit institutions | 430/8 | €13 | €772 | +€759 | +5,824% |
| Trade debts | 44 | €1,099 | €2,989 | +€1,891 | +172% |
| Suppliers | 440/4 | €1,099 | €2,989 | +€1,891 | +172% |
| Taxes, remuneration and social security | 45 | €10,319 | €18,682 | +€8,363 | +81.0% |
| Taxes | 450/3 | €10,319 | €18,682 | +€8,363 | +81.0% |
| Other amounts payable | 47/48 | €4,200 | €3,199 | -€1,002 | -23.8% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,234 | €1,343 | +€110 | +8.9% |
| Other operating charges | 640/8 | €1,748 | €1,834 | +€85 | +4.9% |
| Gross operating margin | 9900 | €78,510 | €90,763 | +€12,253 | +15.6% |
| Operating profit (loss) | 9901 | €75,529 | €87,586 | +€12,058 | +16.0% |
| Financial income | 75/76B | €867 | €2,051 | +€1,184 | +137% |
| Recurring financial income | 75 | €867 | €2,051 | +€1,184 | +137% |
| Financial charges | 65/66B | €55,454 | €2,317 | -€53,137 | -95.8% |
| Recurring financial charges | 65 | €55,454 | €2,317 | -€53,137 | -95.8% |
| Profit (loss) for the period before taxes | 9903 | €20,941 | €87,319 | +€66,379 | +317% |
| Income taxes | 67/77 | €1,974 | €22,453 | +€20,479 | +1,038% |
| Profit (loss) for the period | 9904 | €18,967 | €64,866 | +€45,899 | +242% |
| Profit (loss) for the period to be appropriated | 9905 | €18,967 | €64,866 | +€45,899 | +242% |
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 25 October 2026 via checked.be.