Jag Marine: what changed
What changed
Jag Marine
NACE 70.200, Business and other management consultancy
filed annual accounts (NBB)
Net result for the year
-€30,326
2024 · -€33,436+€3,110
Equity
-€56,812
2024 · -€26,486-€30,326
Cash
€2,244
2024 · €2,299-€55
Balance sheet total
€24,356
2024 · €41,169-€16,813
Largest movements
Assets
- Tangible fixed assets -€15,803
down €15,803 (-54.4%), from €29,034 to €13,232
of which Land and buildings: -€10,256
- Deferred charges and accrued income -€1,254
down €1,254 (-34.5%), from €3,630 to €2,376
Equity and liabilities
- Profit (loss) carried forward -€30,326
down €30,326 (-41.6%), from -€72,836 to -€103,162
- Other debts +€15,901
up €15,901 (+26.0%), from €61,254 to €77,155
- Trade debts -€1,091
down €1,091 (-24.5%), from €4,459 to €3,369
- Accrued charges and deferred income -€1,000
no longer reported in 2025 (was €1,000)
Income statement
- Depreciation -€19,261
down €19,261 (-89.0%), from €21,643 to €2,382
- Other operating charges +€13,405
up €13,405 (+300%), from €4,471 to €17,876
- Gross operating margin -€2,727
down €2,727 (-39.6%), from -€6,883 to -€9,609
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.
Result 2024
-€33,436
Gross operating margin
-€2,727
Depreciation
+€19,261
Other operating charges
-€13,405
Financial income
-€1
Financial charges
-€39
Taxes
+€21
Result 2025
-€30,326
raises the resultlowers the result
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.
From operations
-€13,475
Investment
+€13,421
Financing
€0
Cash 2024
€2,299
From operations (derived)
-€13,475
Net result for the year
-€30,326
Depreciation
+€2,382
Receivables within one year
-€298
Deferred charges and accrued income
+€1,254
Trade debts
-€1,091
Tax, wage and social debts
-€297
Other debts
+€15,901
Accrued charges and deferred income
-€1,000
Investment (derived)
+€13,421
Investment in fixed assets (net)
+€13,421
Cash 2025
€2,244
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €41,169 | €24,356 | -€16,813 | -40.8% |
| Fixed assets | 21/28 | €29,114 | €13,312 | -€15,803 | -54.3% |
| Tangible fixed assets | 22/27 | €29,034 | €13,232 | -€15,803 | -54.4% |
| Land and buildings | 22 | €10,256 | - | -€10,256 | |
| Plant, machinery and equipment | 23 | €3,208 | €201 | -€3,007 | -93.7% |
| Furniture and vehicles | 24 | €15,570 | €13,031 | -€2,539 | -16.3% |
| Financial fixed assets | 28 | €80 | €80 | = | 0.0% |
| Current assets | 29/58 | €12,055 | €11,044 | -€1,011 | -8.4% |
| Amounts receivable within one year | 40/41 | €6,126 | €6,423 | +€298 | +4.9% |
| Trade receivables | 40 | €6,126 | €6,250 | +€125 | +2.0% |
| Other amounts receivable | 41 | - | €173 | +€173 | |
| Cash at bank and in hand | 54/58 | €2,299 | €2,244 | -€55 | -2.4% |
| Deferred charges and accrued income | 490/1 | €3,630 | €2,376 | -€1,254 | -34.5% |
| Total equity and liabilities | 10/49 | €41,169 | €24,356 | -€16,813 | -40.8% |
| Equity | 10/15 | -€26,486 | -€56,812 | -€30,326 | -114% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €40,151 | €40,151 | = | 0.0% |
| Distributable reserves | 133 | €40,151 | €40,151 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€72,836 | -€103,162 | -€30,326 | -41.6% |
| Amounts payable | 17/49 | €67,655 | €81,167 | +€13,513 | +20.0% |
| Amounts payable within one year | 42/48 | €66,655 | €81,167 | +€14,513 | +21.8% |
| Trade debts | 44 | €4,459 | €3,369 | -€1,091 | -24.5% |
| Suppliers | 440/4 | €4,459 | €3,369 | -€1,091 | -24.5% |
| Taxes, remuneration and social security | 45 | €941 | €644 | -€297 | -31.6% |
| Taxes | 450/3 | €941 | €644 | -€297 | -31.6% |
| Other amounts payable | 47/48 | €61,254 | €77,155 | +€15,901 | +26.0% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,643 | €2,382 | -€19,261 | -89.0% |
| Other operating charges | 640/8 | €4,471 | €17,876 | +€13,405 | +300% |
| Gross operating margin | 9900 | -€6,883 | -€9,609 | -€2,727 | -39.6% |
| Operating profit (loss) | 9901 | -€32,997 | -€29,868 | +€3,129 | +9.5% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €203 | €242 | +€39 | +19.1% |
| Recurring financial charges | 65 | €203 | €242 | +€39 | +19.1% |
| Profit (loss) for the period before taxes | 9903 | -€33,198 | -€30,109 | +€3,089 | +9.3% |
| Income taxes | 67/77 | €238 | €217 | -€21 | -8.7% |
| Profit (loss) for the period | 9904 | -€33,436 | -€30,326 | +€3,110 | +9.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€33,436 | -€30,326 | +€3,110 | +9.3% |
Next steps
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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 5 November 2026 via checked.be.