JAEGHER: what changed
JAEGHER
Largest movements
- Cash -€56,661
down €56,661 (-55.0%), from €103,052 to €46,392
mainly Net result for the year (-€196,807) and Investment in fixed assets (net) (-€50,588)
- Deferred charges and accrued income +€49,950
up €49,950 (+2,783%), from €1,795 to €51,745
- Tangible fixed assets -€25,380
down €25,380 (-13.3%), from €191,466 to €166,086
of which Other tangible fixed assets: -€22,290
- Receivables within one year +€19,173
up €19,173 (+31.4%), from €61,021 to €80,195
of which Trade receivables: +€21,090
- Stocks and contracts +€14,368
up €14,368 (+3.6%), from €396,827 to €411,196
of which Stocks: +€22,421
- Profit (loss) carried forward -€196,807
down €196,807 (-482%), from -€40,873 to -€237,680
- Debts after one year +€172,203
up €172,203 (+119%), from €144,136 to €316,339
- Trade debts +€34,314
up €34,314 (+99.5%), from €34,480 to €68,794
- Gross operating margin -€111,733
down €111,733 (-73.7%), from €151,505 to €39,772
- Depreciation +€23,583
up €23,583 (+44.4%), from €53,143 to €76,726
- Staff costs +€12,455
up €12,455 (+9.6%), from €129,789 to €142,244
- Other operating charges +€2,366
up €2,366 (+374%), from €633 to €2,999
- Financial charges -€1,785
down €1,785 (-10.0%), from €17,773 to €15,989
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €899,717 | €900,410 | +€693 | +0.1% |
| Formation expenses | 20 | €8,207 | €5,677 | -€2,529 | -30.8% |
| Fixed assets | 21/28 | €328,814 | €305,205 | -€23,609 | -7.2% |
| Intangible fixed assets | 21 | €137,349 | €139,119 | +€1,771 | +1.3% |
| Tangible fixed assets | 22/27 | €191,466 | €166,086 | -€25,380 | -13.3% |
| Plant, machinery and equipment | 23 | €72,845 | €72,329 | -€516 | -0.7% |
| Furniture and vehicles | 24 | €13,127 | €10,553 | -€2,573 | -19.6% |
| Other tangible fixed assets | 26 | €105,494 | €83,204 | -€22,290 | -21.1% |
| Current assets | 29/58 | €562,696 | €589,527 | +€26,831 | +4.8% |
| Stocks and contracts in progress | 3 | €396,827 | €411,196 | +€14,368 | +3.6% |
| Stocks | 30/36 | €186,615 | €209,036 | +€22,421 | +12.0% |
| Contracts in progress | 37 | €210,212 | €202,160 | -€8,052 | -3.8% |
| Amounts receivable within one year | 40/41 | €61,021 | €80,195 | +€19,173 | +31.4% |
| Trade receivables | 40 | €53,557 | €74,647 | +€21,090 | +39.4% |
| Other amounts receivable | 41 | €7,465 | €5,548 | -€1,917 | -25.7% |
| Cash at bank and in hand | 54/58 | €103,052 | €46,392 | -€56,661 | -55.0% |
| Deferred charges and accrued income | 490/1 | €1,795 | €51,745 | +€49,950 | +2,783% |
| Total equity and liabilities | 10/49 | €899,717 | €900,410 | +€693 | +0.1% |
| Equity | 10/15 | €418,589 | €221,782 | -€196,807 | -47.0% |
| Contributions | 10/11 | €457,462 | €457,462 | = | 0.0% |
| Reserves | 13 | €2,000 | €2,000 | = | 0.0% |
| Distributable reserves | 133 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€40,873 | -€237,680 | -€196,807 | -482% |
| Amounts payable | 17/49 | €481,128 | €678,628 | +€197,500 | +41.0% |
| Amounts payable after more than one year | 17 | €144,136 | €316,339 | +€172,203 | +119% |
| Financial debts | 170/4 | €144,136 | €316,339 | +€172,203 | +119% |
| Amounts payable within one year | 42/48 | €336,992 | €357,536 | +€20,543 | +6.1% |
| Current portion of amounts payable after more than one year | 42 | €28,596 | €28,745 | +€149 | +0.5% |
| Financial debts | 43 | €225 | €740 | +€514 | +228% |
| Credit institutions | 430/8 | €225 | €740 | +€514 | +228% |
| Trade debts | 44 | €34,480 | €68,794 | +€34,314 | +99.5% |
| Suppliers | 440/4 | €34,480 | €68,794 | +€34,314 | +99.5% |
| Advances received on contracts in progress | 46 | €211,306 | €211,648 | +€342 | +0.2% |
| Taxes, remuneration and social security | 45 | €53,385 | €44,527 | -€8,858 | -16.6% |
| Taxes | 450/3 | €23,629 | €15,881 | -€7,748 | -32.8% |
| Remuneration and social security | 454/9 | €29,756 | €28,646 | -€1,110 | -3.7% |
| Other amounts payable | 47/48 | €9,000 | €3,082 | -€5,918 | -65.8% |
| Accrued charges and deferred income | 492/3 | €0 | €4,753 | +€4,753 | |
| Remuneration, social security and pensions | 62 | €129,789 | €142,244 | +€12,455 | +9.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €53,143 | €76,726 | +€23,583 | +44.4% |
| Other operating charges | 640/8 | €633 | €2,999 | +€2,366 | +374% |
| Gross operating margin | 9900 | €151,505 | €39,772 | -€111,733 | -73.7% |
| Operating profit (loss) | 9901 | -€32,060 | -€182,198 | -€150,138 | -468% |
| Financial income | 75/76B | €1,893 | €1,379 | -€514 | -27.1% |
| Recurring financial income | 75 | €1,893 | €1,379 | -€514 | -27.1% |
| Financial charges | 65/66B | €17,773 | €15,989 | -€1,785 | -10.0% |
| Recurring financial charges | 65 | €17,773 | €15,989 | -€1,785 | -10.0% |
| Profit (loss) for the period before taxes | 9903 | -€47,940 | -€196,807 | -€148,867 | -311% |
| Profit (loss) for the period | 9904 | -€47,940 | -€196,807 | -€148,867 | -311% |
| Profit (loss) for the period to be appropriated | 9905 | -€47,940 | -€196,807 | -€148,867 | -311% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.