JAA!: 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.
JAA!
Largest movements
- Cash -€442,955
down €442,955 (-79.4%), from €557,920 to €114,965
mainly Stocks and contracts (-€362,086) and Current investments (-€100,000)
- Stocks and contracts +€362,086
new in 2025: €362,086
- Current investments +€100,000
new in 2025: €100,000
- Deferred charges and accrued income -€9,862
down €9,862 (-81.0%), from €12,171 to €2,308
- Reserves +€40,671
up €40,671 (+8.1%), from €503,817 to €544,488
of which Distributable reserves: +€40,671
- Tax, wage and social debts -€36,381
down €36,381 (-62.4%), from €58,293 to €21,912
of which Taxes: -€36,381
- Taxes +€8,376
up €8,376 (+23.7%), from €35,378 to €43,753
- Gross operating margin -€8,349
down €8,349 (-5.5%), from €150,655 to €142,306
- Financial income -€3,729
down €3,729 (-47.9%), from €7,785 to €4,055
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 | €578,181 | €585,183 | +€7,002 | +1.2% |
| Fixed assets | 21/28 | €4,775 | €3,888 | -€886 | -18.6% |
| Tangible fixed assets | 22/27 | €4,775 | €3,888 | -€886 | -18.6% |
| Furniture and vehicles | 24 | €1,784 | €1,511 | -€273 | -15.3% |
| Other tangible fixed assets | 26 | €2,991 | €2,377 | -€613 | -20.5% |
| Current assets | 29/58 | €573,407 | €581,295 | +€7,888 | +1.4% |
| Stocks and contracts in progress | 3 | - | €362,086 | +€362,086 | |
| Stocks | 30/36 | - | €362,086 | +€362,086 | |
| Amounts receivable within one year | 40/41 | €3,316 | €1,936 | -€1,380 | -41.6% |
| Trade receivables | 40 | €1,392 | €1,936 | +€544 | +39.1% |
| Other amounts receivable | 41 | €1,925 | - | -€1,925 | |
| Current investments | 50/53 | - | €100,000 | +€100,000 | |
| Cash at bank and in hand | 54/58 | €557,920 | €114,965 | -€442,955 | -79.4% |
| Deferred charges and accrued income | 490/1 | €12,171 | €2,308 | -€9,862 | -81.0% |
| Total equity and liabilities | 10/49 | €578,181 | €585,183 | +€7,002 | +1.2% |
| Equity | 10/15 | €516,217 | €556,888 | +€40,671 | +7.9% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €503,817 | €544,488 | +€40,671 | +8.1% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €501,957 | €542,628 | +€40,671 | +8.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | 0.0% |
| Amounts payable | 17/49 | €61,964 | €28,295 | -€33,669 | -54.3% |
| Amounts payable within one year | 42/48 | €60,404 | €23,794 | -€36,610 | -60.6% |
| Trade debts | 44 | €1,941 | €1,327 | -€614 | -31.6% |
| Suppliers | 440/4 | €1,941 | €1,327 | -€614 | -31.6% |
| Taxes, remuneration and social security | 45 | €58,293 | €21,912 | -€36,381 | -62.4% |
| Taxes | 450/3 | €55,417 | €19,036 | -€36,381 | -65.6% |
| Remuneration and social security | 454/9 | €2,876 | €2,876 | = | 0.0% |
| Other amounts payable | 47/48 | €170 | €555 | +€385 | +226% |
| Accrued charges and deferred income | 492/3 | €1,560 | €4,501 | +€2,941 | +188% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,153 | €2,264 | +€111 | +5.2% |
| Other operating charges | 640/8 | €1,192 | €1,108 | -€84 | -7.1% |
| Non-recurring operating charges | 66A | €33,793 | - | -€33,793 | |
| Gross operating margin | 9900 | €150,655 | €142,306 | -€8,349 | -5.5% |
| Operating profit (loss) | 9901 | €113,517 | €138,933 | +€25,417 | +22.4% |
| Financial income | 75/76B | €7,785 | €4,055 | -€3,729 | -47.9% |
| Recurring financial income | 75 | €7,785 | €4,055 | -€3,729 | -47.9% |
| Financial charges | 65/66B | €1,219 | €120 | -€1,099 | -90.2% |
| Recurring financial charges | 65 | €1,219 | €120 | -€1,099 | -90.2% |
| Profit (loss) for the period before taxes | 9903 | €120,082 | €142,869 | +€22,787 | +19.0% |
| Income taxes | 67/77 | €35,378 | €43,753 | +€8,376 | +23.7% |
| Profit (loss) for the period | 9904 | €84,705 | €99,116 | +€14,411 | +17.0% |
| Profit (loss) for the period to be appropriated | 9905 | €84,705 | €99,116 | +€14,411 | +17.0% |
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.