Tine Jacobs: 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.
Tine Jacobs
Largest movements
- Cash -€36,702
down €36,702 (-45.0%), from €81,628 to €44,926
mainly Contributions, distributions and other (-€40,762) and Trade debts (-€21,724)
- Current investments +€12,000
up €12,000 (+171%), from €7,000 to €19,000
- Receivables within one year -€6,144
down €6,144 (-95.3%), from €6,450 to €306
of which Other amounts receivable: -€6,450
- Tangible fixed assets -€5,709
down €5,709 (-33.9%), from €16,838 to €11,129
- Trade debts -€21,724
down €21,724 (-55.8%), from €38,900 to €17,176
- Other debts -€9,758
down €9,758 (-20.4%), from €47,918 to €38,160
- Debts after one year -€5,317
down €5,317 (-49.3%), from €10,792 to €5,475
- Short-term financial debts -€3,380
no longer reported in 2025 (was €3,380)
- Tax, wage and social debts +€3,122
up €3,122 (+91.6%), from €3,410 to €6,531
- Gross operating margin +€25,334
up €25,334 (+71.9%), from €35,225 to €60,559
- Taxes +€6,822
up €6,822 (+131%), from €5,213 to €12,035
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 | €112,861 | €76,059 | -€36,802 | -32.6% |
| Fixed assets | 21/28 | €16,838 | €11,129 | -€5,709 | -33.9% |
| Tangible fixed assets | 22/27 | €16,838 | €11,129 | -€5,709 | -33.9% |
| Furniture and vehicles | 24 | €16,838 | €11,129 | -€5,709 | -33.9% |
| Current assets | 29/58 | €96,023 | €64,930 | -€31,093 | -32.4% |
| Amounts receivable within one year | 40/41 | €6,450 | €306 | -€6,144 | -95.3% |
| Trade receivables | 40 | - | €306 | +€306 | |
| Other amounts receivable | 41 | €6,450 | - | -€6,450 | |
| Current investments | 50/53 | €7,000 | €19,000 | +€12,000 | +171% |
| Cash at bank and in hand | 54/58 | €81,628 | €44,926 | -€36,702 | -45.0% |
| Deferred charges and accrued income | 490/1 | €945 | €698 | -€247 | -26.2% |
| Total equity and liabilities | 10/49 | €112,861 | €76,059 | -€36,802 | -32.6% |
| Equity | 10/15 | €3,000 | €3,000 | = | 0.0% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Amounts payable | 17/49 | €109,861 | €73,059 | -€36,802 | -33.5% |
| Amounts payable after more than one year | 17 | €10,792 | €5,475 | -€5,317 | -49.3% |
| Financial debts | 170/4 | €10,792 | €5,475 | -€5,317 | -49.3% |
| Amounts payable within one year | 42/48 | €98,769 | €67,184 | -€31,586 | -32.0% |
| Current portion of amounts payable after more than one year | 42 | €5,162 | €5,317 | +€154 | +3.0% |
| Financial debts | 43 | €3,380 | - | -€3,380 | |
| Other loans | 439 | €3,380 | - | -€3,380 | |
| Trade debts | 44 | €38,900 | €17,176 | -€21,724 | -55.8% |
| Suppliers | 440/4 | €38,900 | €17,176 | -€21,724 | -55.8% |
| Taxes, remuneration and social security | 45 | €3,410 | €6,531 | +€3,122 | +91.6% |
| Taxes | 450/3 | €3,410 | €6,531 | +€3,122 | +91.6% |
| Other amounts payable | 47/48 | €47,918 | €38,160 | -€9,758 | -20.4% |
| Accrued charges and deferred income | 492/3 | €300 | €400 | +€100 | +33.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,283 | €5,709 | +€426 | +8.1% |
| Other operating charges | 640/8 | €940 | €967 | +€28 | +2.9% |
| Gross operating margin | 9900 | €35,225 | €60,559 | +€25,334 | +71.9% |
| Operating profit (loss) | 9901 | €29,002 | €53,883 | +€24,881 | +85.8% |
| Financial income | 75/76B | €520 | €411 | -€109 | -20.9% |
| Recurring financial income | 75 | €520 | €411 | -€109 | -20.9% |
| Financial charges | 65/66B | €1,578 | €1,497 | -€82 | -5.2% |
| Recurring financial charges | 65 | €1,578 | €1,497 | -€82 | -5.2% |
| Profit (loss) for the period before taxes | 9903 | €27,943 | €52,797 | +€24,854 | +88.9% |
| Income taxes | 67/77 | €5,213 | €12,035 | +€6,822 | +131% |
| Profit (loss) for the period | 9904 | €22,731 | €40,762 | +€18,032 | +79.3% |
| Profit (loss) for the period to be appropriated | 9905 | €22,731 | €40,762 | +€18,032 | +79.3% |
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 18 October 2026 via checked.be.