JAEGS: 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.
JAEGS
Largest movements
- Cash +€50,693
up €50,693 (+266.7%), from €19,006 to €69,699
mainly Other debts (+€57,942) and Net result for the year (+€11,636)
- Tangible fixed assets -€6,073
down €6,073 (-22.6%), from €26,841 to €20,768
of which Furniture and vehicles: -€4,964
- Receivables within one year -€2,696
down €2,696 (-4.8%), from €55,973 to €53,277
of which Trade receivables: -€4,116
- Other debts +€57,942
up €57,942 (+1913.5%), from €3,028 to €60,970
- Reserves -€11,733
down €11,733 (-18.6%), from €62,993 to €51,260
of which Distributable reserves: -€11,733
- Tax, wage and social debts -€3,602
down €3,602 (-26.4%), from €13,626 to €10,024
of which Taxes: -€4,282
- Trade debts -€1,956
down €1,956 (-53.2%), from €3,676 to €1,720
- Financial charges +€34,022
up €34,022 (+149.8%), from €22,716 to €56,738
- Gross operating margin +€26,405
up €26,405 (+45.8%), from €57,646 to €84,051
- Depreciation -€3,606
down €3,606 (-37.3%), from €9,679 to €6,073
- Taxes -€3,546
down €3,546 (-38.5%), from €9,216 to €5,670
- Other operating charges +€2,043
up €2,043 (+108.0%), from €1,891 to €3,934
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 | €106,295 | €146,946 | +€40,651 | +38.2% |
| Fixed assets | 21/28 | €27,341 | €21,268 | -€6,073 | -22.2% |
| Tangible fixed assets | 22/27 | €26,841 | €20,768 | -€6,073 | -22.6% |
| Furniture and vehicles | 24 | €21,552 | €16,588 | -€4,964 | -23.0% |
| Other tangible fixed assets | 26 | €5,289 | €4,180 | -€1,109 | -21.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €78,954 | €125,678 | +€46,724 | +59.2% |
| Amounts receivable within one year | 40/41 | €55,973 | €53,277 | -€2,696 | -4.8% |
| Trade receivables | 40 | €52,385 | €48,269 | -€4,116 | -7.9% |
| Other amounts receivable | 41 | €3,588 | €5,008 | +€1,420 | +39.6% |
| Cash at bank and in hand | 54/58 | €19,006 | €69,699 | +€50,693 | +266.7% |
| Deferred charges and accrued income | 490/1 | €3,975 | €2,702 | -€1,273 | -32.0% |
| Total equity and liabilities | 10/49 | €106,295 | €146,946 | +€40,651 | +38.2% |
| Equity | 10/15 | €85,965 | €74,232 | -€11,733 | -13.6% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €62,993 | €51,260 | -€11,733 | -18.6% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | €18,429 | €18,429 | = | 0.0% |
| Distributable reserves | 133 | €42,704 | €30,971 | -€11,733 | -27.5% |
| Profit (loss) carried forward | 14 | €10,572 | €10,572 | = | 0.0% |
| Amounts payable | 17/49 | €20,330 | €72,714 | +€52,384 | +257.7% |
| Amounts payable within one year | 42/48 | €20,330 | €72,714 | +€52,384 | +257.7% |
| Trade debts | 44 | €3,676 | €1,720 | -€1,956 | -53.2% |
| Suppliers | 440/4 | €3,676 | €1,720 | -€1,956 | -53.2% |
| Taxes, remuneration and social security | 45 | €13,626 | €10,024 | -€3,602 | -26.4% |
| Taxes | 450/3 | €13,626 | €9,344 | -€4,282 | -31.4% |
| Remuneration and social security | 454/9 | - | €680 | +€680 | |
| Other amounts payable | 47/48 | €3,028 | €60,970 | +€57,942 | +1913.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,679 | €6,073 | -€3,606 | -37.3% |
| Other operating charges | 640/8 | €1,891 | €3,934 | +€2,043 | +108.0% |
| Gross operating margin | 9900 | €57,646 | €84,051 | +€26,405 | +45.8% |
| Operating profit (loss) | 9901 | €46,076 | €74,044 | +€27,968 | +60.7% |
| Financial income | 75/76B | €10 | - | -€10 | |
| Recurring financial income | 75 | €10 | - | -€10 | |
| Financial charges | 65/66B | €22,716 | €56,738 | +€34,022 | +149.8% |
| Recurring financial charges | 65 | €22,716 | €56,738 | +€34,022 | +149.8% |
| Profit (loss) for the period before taxes | 9903 | €23,370 | €17,306 | -€6,064 | -25.9% |
| Income taxes | 67/77 | €9,216 | €5,670 | -€3,546 | -38.5% |
| Profit (loss) for the period | 9904 | €14,154 | €11,636 | -€2,518 | -17.8% |
| Profit (loss) for the period to be appropriated | 9905 | €14,154 | €11,636 | -€2,518 | -17.8% |
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 12 October 2026 via checked.be.