WILLIAM 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.
WILLIAM JACOBS
Largest movements
- Current investments -€40,000
down €40,000 (-89.1%), from €44,880 to €4,880
- Tangible fixed assets -€28,747
down €28,747 (-26.8%), from €107,211 to €78,464
of which Plant, machinery and equipment: -€15,374
- Cash +€18,715
up €18,715 (+88.7%), from €21,111 to €39,827
mainly Current investments (+€40,000) and Depreciation (+€30,036)
- Other debts -€37,857
down €37,857 (-96.2%), from €39,354 to €1,497
- Current portion of long-term debt -€10,036
down €10,036 (-100%), from €10,036 to €0
- Reserves -€1,874
down €1,874 (-1.7%), from €112,237 to €110,363
- Gross operating margin +€7,069
up €7,069 (+17.7%), from €39,902 to €46,971
- Staff costs +€1,705
up €1,705 (+22.6%), from €7,538 to €9,243
- Taxes +€1,407
up €1,407, from €0 to €1,407
- Financial charges +€766
up €766 (+39.6%), from €1,934 to €2,700
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 | €183,584 | €133,331 | -€50,253 | -27.4% |
| Fixed assets | 21/28 | €107,211 | €78,464 | -€28,747 | -26.8% |
| Tangible fixed assets | 22/27 | €107,211 | €78,464 | -€28,747 | -26.8% |
| Plant, machinery and equipment | 23 | €40,636 | €25,262 | -€15,374 | -37.8% |
| Furniture and vehicles | 24 | €33,130 | €24,271 | -€8,859 | -26.7% |
| Other tangible fixed assets | 26 | €33,445 | €28,931 | -€4,514 | -13.5% |
| Current assets | 29/58 | €76,373 | €54,867 | -€21,506 | -28.2% |
| Stocks and contracts in progress | 3 | €3,885 | €3,788 | -€97 | -2.5% |
| Stocks | 30/36 | €3,885 | €3,788 | -€97 | -2.5% |
| Amounts receivable within one year | 40/41 | €788 | €1,461 | +€672 | +85.3% |
| Trade receivables | 40 | €781 | €0 | -€781 | -100% |
| Other amounts receivable | 41 | €7 | €1,461 | +€1,454 | +20,332% |
| Current investments | 50/53 | €44,880 | €4,880 | -€40,000 | -89.1% |
| Cash at bank and in hand | 54/58 | €21,111 | €39,827 | +€18,715 | +88.7% |
| Deferred charges and accrued income | 490/1 | €5,708 | €4,911 | -€797 | -14.0% |
| Total equity and liabilities | 10/49 | €183,584 | €133,331 | -€50,253 | -27.4% |
| Equity | 10/15 | €130,837 | €128,963 | -€1,874 | -1.4% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €112,237 | €110,363 | -€1,874 | -1.7% |
| Distributable reserves | 133 | €112,237 | €110,363 | -€1,874 | -1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €52,748 | €4,368 | -€48,379 | -91.7% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €52,091 | €4,368 | -€47,722 | -91.6% |
| Current portion of amounts payable after more than one year | 42 | €10,036 | €0 | -€10,036 | -100% |
| Trade debts | 44 | €1,196 | €1,737 | +€540 | +45.2% |
| Suppliers | 440/4 | €1,196 | €1,737 | +€540 | +45.2% |
| Taxes, remuneration and social security | 45 | €1,505 | €1,135 | -€370 | -24.6% |
| Taxes | 450/3 | €764 | €792 | +€28 | +3.6% |
| Remuneration and social security | 454/9 | €741 | €343 | -€398 | -53.7% |
| Other amounts payable | 47/48 | €39,354 | €1,497 | -€37,857 | -96.2% |
| Accrued charges and deferred income | 492/3 | €657 | €0 | -€657 | -100% |
| Remuneration, social security and pensions | 62 | €7,538 | €9,243 | +€1,705 | +22.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €30,145 | €30,036 | -€109 | -0.4% |
| Other operating charges | 640/8 | €680 | €982 | +€302 | +44.4% |
| Non-recurring operating charges | 66A | €76 | €0 | -€76 | -100% |
| Gross operating margin | 9900 | €39,902 | €46,971 | +€7,069 | +17.7% |
| Operating profit (loss) | 9901 | €1,463 | €6,710 | +€5,247 | +359% |
| Financial income | 75/76B | €415 | €853 | +€438 | +105% |
| Recurring financial income | 75 | €415 | €853 | +€438 | +105% |
| Financial charges | 65/66B | €1,934 | €2,700 | +€766 | +39.6% |
| Recurring financial charges | 65 | €1,934 | €2,700 | +€766 | +39.6% |
| Profit (loss) for the period before taxes | 9903 | -€56 | €4,863 | +€4,918 | |
| Income taxes | 67/77 | €0 | €1,407 | +€1,407 | |
| Profit (loss) for the period | 9904 | -€56 | €3,456 | +€3,512 | |
| Profit (loss) for the period to be appropriated | 9905 | -€56 | €3,456 | +€3,512 |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.