J.A.M.: 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.
J.A.M.
Largest movements
- Cash +€19,483
up €19,483 (+166%), from €11,753 to €31,236
mainly Depreciation (+€22,251) and Trade debts (+€14,082)
- Deferred charges and accrued income +€12,000
up €12,000 (+32,258%), from €37 to €12,037
- Tangible fixed assets -€10,372
down €10,372 (-19.4%), from €53,584 to €43,212
of which Furniture and vehicles: -€7,155
- Stocks and contracts -€7,162
down €7,162 (-25.2%), from €28,436 to €21,274
- Intangible fixed assets -€6,716
down €6,716 (-43.1%), from €15,572 to €8,856
- Trade debts +€14,082
up €14,082 (+105%), from €13,435 to €27,517
- Tax, wage and social debts -€13,311
down €13,311 (-45.0%), from €29,555 to €16,244
of which Taxes: -€17,919
- Profit (loss) carried forward +€6,457
up €6,457 (+7.4%), from €86,962 to €93,419
- Other debts -€3,799
down €3,799 (-39.2%), from €9,679 to €5,880
- Staff costs +€20,065
up €20,065 (+63.1%), from €31,794 to €51,859
- Depreciation +€8,134
up €8,134 (+57.6%), from €14,117 to €22,251
- Taxes -€7,662
down €7,662 (-78.9%), from €9,704 to €2,043
- Gross operating margin +€4,707
up €4,707 (+5.4%), from €87,289 to €91,996
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 | €158,924 | €163,115 | +€4,190 | +2.6% |
| Fixed assets | 21/28 | €75,819 | €58,732 | -€17,088 | -22.5% |
| Intangible fixed assets | 21 | €15,572 | €8,856 | -€6,716 | -43.1% |
| Tangible fixed assets | 22/27 | €53,584 | €43,212 | -€10,372 | -19.4% |
| Plant, machinery and equipment | 23 | €27,770 | €26,447 | -€1,323 | -4.8% |
| Furniture and vehicles | 24 | €22,303 | €15,148 | -€7,155 | -32.1% |
| Other tangible fixed assets | 26 | €3,512 | €1,618 | -€1,894 | -53.9% |
| Financial fixed assets | 28 | €6,663 | €6,663 | = | 0.0% |
| Current assets | 29/58 | €83,105 | €104,383 | +€21,278 | +25.6% |
| Stocks and contracts in progress | 3 | €28,436 | €21,274 | -€7,162 | -25.2% |
| Stocks | 30/36 | €28,436 | €21,274 | -€7,162 | -25.2% |
| Amounts receivable within one year | 40/41 | €42,879 | €39,836 | -€3,043 | -7.1% |
| Trade receivables | 40 | €31,300 | €18,377 | -€12,922 | -41.3% |
| Other amounts receivable | 41 | €11,579 | €21,459 | +€9,879 | +85.3% |
| Cash at bank and in hand | 54/58 | €11,753 | €31,236 | +€19,483 | +166% |
| Deferred charges and accrued income | 490/1 | €37 | €12,037 | +€12,000 | +32,258% |
| Total equity and liabilities | 10/49 | €158,924 | €163,115 | +€4,190 | +2.6% |
| Equity | 10/15 | €106,256 | €112,713 | +€6,457 | +6.1% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Other | 1109/19 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €695 | €695 | = | 0.0% |
| Non-distributable reserves | 130/1 | €695 | €695 | = | 0.0% |
| Reserves not available under the articles | 1311 | €695 | €695 | = | 0.0% |
| Profit (loss) carried forward | 14 | €86,962 | €93,419 | +€6,457 | +7.4% |
| Amounts payable | 17/49 | €52,668 | €50,401 | -€2,267 | -4.3% |
| Amounts payable within one year | 42/48 | €52,668 | €49,640 | -€3,028 | -5.7% |
| Trade debts | 44 | €13,435 | €27,517 | +€14,082 | +105% |
| Suppliers | 440/4 | €13,435 | €27,517 | +€14,082 | +105% |
| Taxes, remuneration and social security | 45 | €29,555 | €16,244 | -€13,311 | -45.0% |
| Taxes | 450/3 | €26,854 | €8,935 | -€17,919 | -66.7% |
| Remuneration and social security | 454/9 | €2,701 | €7,308 | +€4,608 | +171% |
| Other amounts payable | 47/48 | €9,679 | €5,880 | -€3,799 | -39.2% |
| Accrued charges and deferred income | 492/3 | - | €761 | +€761 | |
| Remuneration, social security and pensions | 62 | €31,794 | €51,859 | +€20,065 | +63.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,117 | €22,251 | +€8,134 | +57.6% |
| Other operating charges | 640/8 | €4,076 | €4,779 | +€702 | +17.2% |
| Non-recurring operating charges | 66A | - | €2,285 | +€2,285 | |
| Gross operating margin | 9900 | €87,289 | €91,996 | +€4,707 | +5.4% |
| Operating profit (loss) | 9901 | €37,300 | €10,822 | -€26,479 | -71.0% |
| Financial income | 75/76B | €48 | €259 | +€211 | +439% |
| Recurring financial income | 75 | €48 | €259 | +€211 | +439% |
| Financial charges | 65/66B | €2,086 | €2,581 | +€495 | +23.7% |
| Recurring financial charges | 65 | €2,086 | €2,581 | +€495 | +23.7% |
| Profit (loss) for the period before taxes | 9903 | €35,262 | €8,500 | -€26,762 | -75.9% |
| Income taxes | 67/77 | €9,704 | €2,043 | -€7,662 | -78.9% |
| Profit (loss) for the period | 9904 | €25,558 | €6,457 | -€19,101 | -74.7% |
| Profit (loss) for the period to be appropriated | 9905 | €25,558 | €6,457 | -€19,101 | -74.7% |
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 23 October 2026 via checked.be.