JACMAR: what changed
Two fiscal 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.
JACMAR
Largest movements
- Receivables within one year +€9,832
up €9,832 (+86.4%), from €11,378 to €21,210
of which Trade receivables: +€9,293
- Cash -€4,046
down €4,046 (-97.9%), from €4,133 to €86
mainly Receivables within one year (-€9,832) and Trade debts (-€1,160)
- Tangible fixed assets -€3,100
down €3,100 (-71.1%), from €4,357 to €1,258
- Deferred charges and accrued income -€695
no longer reported in 2025 (was €695)
- Other debts +€3,096
up €3,096 (+2.0%), from €157,066 to €160,162
- Trade debts -€1,160
down €1,160 (-35.9%), from €3,231 to €2,072
- Profit (loss) carried forward +€284
up €284 (+0.2%), from -€170,173 to -€169,888
- Tax, wage and social debts -€229
down €229 (-24.3%), from €943 to €714
- Gross operating margin -€19,312
down €19,312 (-82.4%), from €23,449 to €4,137
- Taxes -€429
no longer reported in 2025 (was €429)
- Depreciation -€399
down €399 (-12.8%), from €3,112 to €2,713
- Financial charges +€397
up €397 (+211.5%), from €188 to €585
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.
Cash bridge derived
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 | €20,563 | €22,554 | +€1,991 | +9.7% |
| Fixed assets | 21/28 | €4,357 | €1,258 | -€3,100 | -71.1% |
| Tangible fixed assets | 22/27 | €4,357 | €1,258 | -€3,100 | -71.1% |
| Furniture and vehicles | 24 | €4,357 | €1,258 | -€3,100 | -71.1% |
| Current assets | 29/58 | €16,206 | €21,297 | +€5,091 | +31.4% |
| Amounts receivable within one year | 40/41 | €11,378 | €21,210 | +€9,832 | +86.4% |
| Trade receivables | 40 | €10,728 | €20,021 | +€9,293 | +86.6% |
| Other amounts receivable | 41 | €650 | €1,189 | +€539 | +82.9% |
| Cash at bank and in hand | 54/58 | €4,133 | €86 | -€4,046 | -97.9% |
| Deferred charges and accrued income | 490/1 | €695 | - | -€695 | |
| Total equity and liabilities | 10/49 | €20,563 | €22,554 | +€1,991 | +9.7% |
| Equity | 10/15 | -€140,677 | -€140,393 | +€284 | +0.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €10,896 | €10,896 | = | 0.0% |
| Distributable reserves | 133 | €10,896 | €10,896 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€170,173 | -€169,888 | +€284 | +0.2% |
| Amounts payable | 17/49 | €161,240 | €162,947 | +€1,707 | +1.1% |
| Amounts payable within one year | 42/48 | €161,240 | €162,947 | +€1,707 | +1.1% |
| Trade debts | 44 | €3,231 | €2,072 | -€1,160 | -35.9% |
| Suppliers | 440/4 | €3,231 | €2,072 | -€1,160 | -35.9% |
| Taxes, remuneration and social security | 45 | €943 | €714 | -€229 | -24.3% |
| Taxes | 450/3 | €943 | €714 | -€229 | -24.3% |
| Other amounts payable | 47/48 | €157,066 | €160,162 | +€3,096 | +2.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,112 | €2,713 | -€399 | -12.8% |
| Other operating charges | 640/8 | €361 | €168 | -€192 | -53.3% |
| Non-recurring operating charges | 66A | €2,252 | €387 | -€1,865 | -82.8% |
| Gross operating margin | 9900 | €23,449 | €4,137 | -€19,312 | -82.4% |
| Operating profit (loss) | 9901 | €17,724 | €869 | -€16,855 | -95.1% |
| Financial charges | 65/66B | €188 | €585 | +€397 | +211.5% |
| Recurring financial charges | 65 | €188 | €585 | +€397 | +211.5% |
| Profit (loss) for the period before taxes | 9903 | €17,537 | €284 | -€17,252 | -98.4% |
| Income taxes | 67/77 | €429 | - | -€429 | |
| Profit (loss) for the period | 9904 | €17,108 | €284 | -€16,824 | -98.3% |
| Profit (loss) for the period to be appropriated | 9905 | €17,108 | €284 | -€16,824 | -98.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 1 October 2026 via checked.be.