JAKS: 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.
JAKS
Largest movements
- Stocks and contracts +€90,184
up €90,184 (+40.4%), from €223,336 to €313,520
- Receivables within one year +€67,777
up €67,777 (+322%), from €21,021 to €88,798
of which Other amounts receivable: +€36,692
- Cash -€35,346
down €35,346 (-51.2%), from €69,080 to €33,735
mainly Stocks and contracts (-€90,184) and Receivables within one year (-€67,777)
- Intangible fixed assets -€6,000
no longer reported in 2025 (was €6,000)
- Trade debts +€81,629
up €81,629 (+309%), from €26,408 to €108,037
- Short-term financial debts +€34,310
new in 2025: €34,310
- Debts after one year -€22,707
down €22,707 (-32.0%), from €70,948 to €48,241
- Profit (loss) carried forward +€12,329
up €12,329 (+12.3%), from €100,301 to €112,630
- Current portion of long-term debt -€10,354
down €10,354 (-30.6%), from €33,884 to €23,530
- Gross operating margin +€21,479
up €21,479 (+22.4%), from €95,823 to €117,302
- Other operating charges +€11,174
up €11,174 (+126%), from €8,899 to €20,073
- Financial charges +€7,499
up €7,499 (+1,593%), from €471 to €7,970
- Staff costs +€4,096
up €4,096 (+7.3%), from €55,774 to €59,870
- Depreciation -€1,479
down €1,479 (-10.8%), from €13,642 to €12,163
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 | €330,874 | €444,225 | +€113,352 | +34.3% |
| Fixed assets | 21/28 | €17,436 | €8,173 | -€9,263 | -53.1% |
| Intangible fixed assets | 21 | €6,000 | - | -€6,000 | |
| Tangible fixed assets | 22/27 | €7,836 | €4,573 | -€3,263 | -41.6% |
| Plant, machinery and equipment | 23 | €509 | €39 | -€470 | -92.3% |
| Furniture and vehicles | 24 | €7,327 | €4,534 | -€2,793 | -38.1% |
| Financial fixed assets | 28 | €3,600 | €3,600 | = | 0.0% |
| Current assets | 29/58 | €313,437 | €436,052 | +€122,615 | +39.1% |
| Stocks and contracts in progress | 3 | €223,336 | €313,520 | +€90,184 | +40.4% |
| Stocks | 30/36 | €223,336 | €313,520 | +€90,184 | +40.4% |
| Amounts receivable within one year | 40/41 | €21,021 | €88,798 | +€67,777 | +322% |
| Trade receivables | 40 | €21,021 | €52,106 | +€31,085 | +148% |
| Other amounts receivable | 41 | - | €36,692 | +€36,692 | |
| Cash at bank and in hand | 54/58 | €69,080 | €33,735 | -€35,346 | -51.2% |
| Total equity and liabilities | 10/49 | €330,874 | €444,225 | +€113,352 | +34.3% |
| Equity | 10/15 | €130,301 | €142,630 | +€12,329 | +9.5% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €100,301 | €112,630 | +€12,329 | +12.3% |
| Amounts payable | 17/49 | €200,573 | €301,595 | +€101,023 | +50.4% |
| Amounts payable after more than one year | 17 | €70,948 | €48,241 | -€22,707 | -32.0% |
| Financial debts | 170/4 | €70,948 | €48,241 | -€22,707 | -32.0% |
| Amounts payable within one year | 42/48 | €129,624 | €253,354 | +€123,730 | +95.5% |
| Current portion of amounts payable after more than one year | 42 | €33,884 | €23,530 | -€10,354 | -30.6% |
| Financial debts | 43 | - | €34,310 | +€34,310 | |
| Credit institutions | 430/8 | - | €34,310 | +€34,310 | |
| Trade debts | 44 | €26,408 | €108,037 | +€81,629 | +309% |
| Suppliers | 440/4 | €26,408 | €108,037 | +€81,629 | +309% |
| Advances received on contracts in progress | 46 | - | €3,812 | +€3,812 | |
| Taxes, remuneration and social security | 45 | €62,326 | €72,067 | +€9,740 | +15.6% |
| Taxes | 450/3 | €37,978 | €62,184 | +€24,206 | +63.7% |
| Remuneration and social security | 454/9 | €24,349 | €9,883 | -€14,465 | -59.4% |
| Other amounts payable | 47/48 | €7,006 | €11,600 | +€4,594 | +65.6% |
| Remuneration, social security and pensions | 62 | €55,774 | €59,870 | +€4,096 | +7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,642 | €12,163 | -€1,479 | -10.8% |
| Other operating charges | 640/8 | €8,899 | €20,073 | +€11,174 | +126% |
| Gross operating margin | 9900 | €95,823 | €117,302 | +€21,479 | +22.4% |
| Operating profit (loss) | 9901 | €17,508 | €25,196 | +€7,688 | +43.9% |
| Financial income | 75/76B | €1 | €75 | +€74 | +14,886% |
| Recurring financial income | 75 | €1 | €75 | +€74 | +14,886% |
| Financial charges | 65/66B | €471 | €7,970 | +€7,499 | +1,593% |
| Recurring financial charges | 65 | €471 | €7,970 | +€7,499 | +1,593% |
| Profit (loss) for the period before taxes | 9903 | €17,038 | €17,301 | +€263 | +1.5% |
| Income taxes | 67/77 | €5,639 | €4,972 | -€667 | -11.8% |
| Profit (loss) for the period | 9904 | €11,399 | €12,329 | +€930 | +8.2% |
| Profit (loss) for the period to be appropriated | 9905 | €11,399 | €12,329 | +€930 | +8.2% |
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 30 October 2026 via checked.be.