JAG EVENTS: 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.
JAG EVENTS
Largest movements
- Receivables within one year +€344,176
up €344,176 (+766%), from €44,923 to €389,099
of which Other amounts receivable: +€347,756
- Cash -€175,551
down €175,551 (-98.6%), from €178,020 to €2,469
mainly Receivables within one year (-€344,176) and Debts after one year (-€225,876)
- Other debts +€293,097
up €293,097 (+94.5%), from €310,000 to €603,097
- Debts after one year -€225,876
down €225,876 (-15.9%), from €1.4m to €1.2m
- Reserves +€55,000
up €55,000 (+39.3%), from €140,000 to €195,000
- Gross operating margin +€69,950
up €69,950 (+66.4%), from €105,415 to €175,365
- Financial charges +€20,159
up €20,159 (+50.8%), from €39,681 to €59,840
- Taxes +€17,939
up €17,939, from -€3,047 to €14,892
- Depreciation +€4,823
up €4,823 (+35.5%), from €13,585 to €18,408
- Financial income +€2,696
up €2,696 (+1,463%), from €184 to €2,881
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 | €2,168,448 | €2,342,385 | +€173,937 | +8.0% |
| Fixed assets | 21/28 | €1,944,146 | €1,950,009 | +€5,863 | +0.3% |
| Tangible fixed assets | 22/27 | €42,146 | €48,009 | +€5,863 | +13.9% |
| Plant, machinery and equipment | 23 | €30,694 | €38,431 | +€7,738 | +25.2% |
| Furniture and vehicles | 24 | €11,453 | €9,578 | -€1,875 | -16.4% |
| Financial fixed assets | 28 | €1,902,000 | €1,902,000 | = | 0.0% |
| Current assets | 29/58 | €224,302 | €392,376 | +€168,074 | +74.9% |
| Amounts receivable within one year | 40/41 | €44,923 | €389,099 | +€344,176 | +766% |
| Trade receivables | 40 | €39,263 | €35,683 | -€3,580 | -9.1% |
| Other amounts receivable | 41 | €5,660 | €353,415 | +€347,756 | +6,144% |
| Cash at bank and in hand | 54/58 | €178,020 | €2,469 | -€175,551 | -98.6% |
| Deferred charges and accrued income | 490/1 | €1,359 | €809 | -€550 | -40.5% |
| Total equity and liabilities | 10/49 | €2,168,448 | €2,342,385 | +€173,937 | +8.0% |
| Equity | 10/15 | €165,018 | €218,521 | +€53,503 | +32.4% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €140,000 | €195,000 | +€55,000 | +39.3% |
| Distributable reserves | 133 | €140,000 | €195,000 | +€55,000 | +39.3% |
| Profit (loss) carried forward | 14 | €5,018 | €3,521 | -€1,497 | -29.8% |
| Amounts payable | 17/49 | €2,003,430 | €2,123,864 | +€120,434 | +6.0% |
| Amounts payable after more than one year | 17 | €1,422,095 | €1,196,219 | -€225,876 | -15.9% |
| Financial debts | 170/4 | €1,422,095 | €1,196,219 | -€225,876 | -15.9% |
| Amounts payable within one year | 42/48 | €573,444 | €926,817 | +€353,372 | +61.6% |
| Current portion of amounts payable after more than one year | 42 | €202,353 | €221,533 | +€19,181 | +9.5% |
| Trade debts | 44 | €28,133 | €35,204 | +€7,071 | +25.1% |
| Suppliers | 440/4 | €28,133 | €35,204 | +€7,071 | +25.1% |
| Advances received on contracts in progress | 46 | €19,465 | €39,216 | +€19,751 | +101% |
| Taxes, remuneration and social security | 45 | €13,493 | €27,765 | +€14,272 | +106% |
| Taxes | 450/3 | €9,149 | €25,426 | +€16,277 | +178% |
| Remuneration and social security | 454/9 | €4,344 | €2,339 | -€2,005 | -46.1% |
| Other amounts payable | 47/48 | €310,000 | €603,097 | +€293,097 | +94.5% |
| Accrued charges and deferred income | 492/3 | €7,891 | €828 | -€7,062 | -89.5% |
| Remuneration, social security and pensions | 62 | €33,405 | €30,825 | -€2,580 | -7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,585 | €18,408 | +€4,823 | +35.5% |
| Other operating charges | 640/8 | - | €777 | +€777 | |
| Gross operating margin | 9900 | €105,415 | €175,365 | +€69,950 | +66.4% |
| Operating profit (loss) | 9901 | €58,425 | €125,354 | +€66,929 | +115% |
| Financial income | 75/76B | €184 | €2,881 | +€2,696 | +1,463% |
| Recurring financial income | 75 | €184 | €2,881 | +€2,696 | +1,463% |
| Financial charges | 65/66B | €39,681 | €59,840 | +€20,159 | +50.8% |
| Recurring financial charges | 65 | €39,681 | €59,840 | +€20,159 | +50.8% |
| Profit (loss) for the period before taxes | 9903 | €18,929 | €68,395 | +€49,466 | +261% |
| Income taxes | 67/77 | -€3,047 | €14,892 | +€17,939 | |
| Profit (loss) for the period | 9904 | €21,975 | €53,503 | +€31,528 | +143% |
| Profit (loss) for the period to be appropriated | 9905 | €21,975 | €53,503 | +€31,528 | +143% |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 25 October 2026 via checked.be.