JAG SERVICES: 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.
JAG SERVICES
Largest movements
- Receivables within one year +€66,814
up €66,814 (+1081.3%), from €6,179 to €72,993
- Tangible fixed assets +€27,427
new in 2023: €27,427
of which Plant, machinery and equipment: +€25,326
- Cash -€18,582
down €18,582 (-66.7%), from €27,872 to €9,290
mainly Receivables within one year (-€66,814) and Investment in fixed assets (net) (-€32,207)
- Trade debts +€56,501
up €56,501 (+163.9%), from €34,463 to €90,964
- Profit (loss) carried forward +€14,681
up €14,681 (+251.5%), from €5,838 to €20,519
- Tax, wage and social debts +€4,477
up €4,477 (+51.2%), from €8,750 to €13,227
of which Taxes: +€6,737
- Gross operating margin +€37,980
up €37,980 (+129.1%), from €29,415 to €67,395
- Staff costs +€18,862
up €18,862 (+89.4%), from €21,105 to €39,967
- Depreciation +€4,780
new in 2023: €4,780
- Other operating charges +€4,338
up €4,338 (+3442.9%), from €126 to €4,464
- Taxes +€1,171
up €1,171 (+49.9%), from €2,346 to €3,517
From the 2022 result to the 2023 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 2022 and 2023 balance sheets and the 2023 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2022 | 2023 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €54,051 | €129,710 | +€75,659 | +140.0% |
| Fixed assets | 21/28 | €20,000 | €47,427 | +€27,427 | +137.1% |
| Tangible fixed assets | 22/27 | - | €27,427 | +€27,427 | |
| Plant, machinery and equipment | 23 | - | €25,326 | +€25,326 | |
| Furniture and vehicles | 24 | - | €2,101 | +€2,101 | |
| Financial fixed assets | 28 | €20,000 | €20,000 | = | 0.0% |
| Current assets | 29/58 | €34,051 | €82,283 | +€48,232 | +141.6% |
| Amounts receivable within one year | 40/41 | €6,179 | €72,993 | +€66,814 | +1081.3% |
| Other amounts receivable | 41 | €6,179 | €72,993 | +€66,814 | +1081.3% |
| Cash at bank and in hand | 54/58 | €27,872 | €9,290 | -€18,582 | -66.7% |
| Total equity and liabilities | 10/49 | €54,051 | €129,710 | +€75,659 | +140.0% |
| Equity | 10/15 | €10,838 | €25,519 | +€14,681 | +135.5% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,838 | €20,519 | +€14,681 | +251.5% |
| Amounts payable | 17/49 | €43,213 | €104,191 | +€60,978 | +141.1% |
| Amounts payable within one year | 42/48 | €43,213 | €104,191 | +€60,978 | +141.1% |
| Trade debts | 44 | €34,463 | €90,964 | +€56,501 | +163.9% |
| Suppliers | 440/4 | €34,463 | €90,964 | +€56,501 | +163.9% |
| Taxes, remuneration and social security | 45 | €8,750 | €13,227 | +€4,477 | +51.2% |
| Taxes | 450/3 | €6,490 | €13,227 | +€6,737 | +103.8% |
| Remuneration and social security | 454/9 | €2,260 | - | -€2,260 | |
| Remuneration, social security and pensions | 62 | €21,105 | €39,967 | +€18,862 | +89.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,780 | +€4,780 | |
| Other operating charges | 640/8 | €126 | €4,464 | +€4,338 | +3442.9% |
| Gross operating margin | 9900 | €29,415 | €67,395 | +€37,980 | +129.1% |
| Operating profit (loss) | 9901 | €8,184 | €18,184 | +€10,000 | +122.2% |
| Financial income | 75/76B | - | €14 | +€14 | |
| Recurring financial income | 75 | - | €14 | +€14 | |
| Profit (loss) for the period before taxes | 9903 | €8,184 | €18,198 | +€10,014 | +122.4% |
| Income taxes | 67/77 | €2,346 | €3,517 | +€1,171 | +49.9% |
| Profit (loss) for the period | 9904 | €5,838 | €14,681 | +€8,843 | +151.5% |
| Profit (loss) for the period to be appropriated | 9905 | €5,838 | €14,681 | +€8,843 | +151.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2022 and 31 December 2023. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.