JAG2 Solutions: 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.
JAG2 Solutions
Largest movements
- Intangible fixed assets +€58,331
up €58,331 (+23.8%), from €244,949 to €303,280
- Receivables within one year +€27,844
up €27,844 (+15.4%), from €181,170 to €209,014
of which Trade receivables: +€38,851
- Profit (loss) carried forward +€179,808
up €179,808 (+56.6%), from -€317,567 to -€137,759
- Trade debts -€60,885
down €60,885 (-46.1%), from €132,017 to €71,133
- Current portion of long-term debt -€26,249
down €26,249 (-55.1%), from €47,677 to €21,429
- Debts after one year -€21,429
down €21,429 (-11.4%), from €187,500 to €166,071
- Tax, wage and social debts +€5,907
up €5,907 (+48.6%), from €12,162 to €18,069
of which Taxes: +€5,605
- Other operating charges -€33,577
down €33,577 (-98.1%), from €34,226 to €649
- Financial charges -€12,011
down €12,011 (-47.1%), from €25,499 to €13,488
- Depreciation +€6,785
up €6,785 (+7.1%), from €95,490 to €102,275
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 | €476,641 | €557,657 | +€81,016 | +17.0% |
| Fixed assets | 21/28 | €245,502 | €303,577 | +€58,075 | +23.7% |
| Intangible fixed assets | 21 | €244,949 | €303,280 | +€58,331 | +23.8% |
| Tangible fixed assets | 22/27 | €553 | €297 | -€256 | -46.3% |
| Plant, machinery and equipment | 23 | €553 | €297 | -€256 | -46.3% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Current assets | 29/58 | €231,139 | €254,080 | +€22,941 | +9.9% |
| Amounts receivable within one year | 40/41 | €181,170 | €209,014 | +€27,844 | +15.4% |
| Trade receivables | 40 | €143,200 | €182,051 | +€38,851 | +27.1% |
| Other amounts receivable | 41 | €37,970 | €26,963 | -€11,006 | -29.0% |
| Cash at bank and in hand | 54/58 | €46,533 | €41,585 | -€4,948 | -10.6% |
| Deferred charges and accrued income | 490/1 | €3,437 | €3,481 | +€44 | +1.3% |
| Total equity and liabilities | 10/49 | €476,641 | €557,657 | +€81,016 | +17.0% |
| Equity | 10/15 | €59,893 | €239,701 | +€179,808 | +300.2% |
| Contributions | 10/11 | €377,460 | €377,460 | = | 0.0% |
| Capital | 10 | €377,460 | €377,460 | = | 0.0% |
| Issued capital | 100 | €377,460 | €377,460 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€317,567 | -€137,759 | +€179,808 | +56.6% |
| Amounts payable | 17/49 | €416,749 | €317,956 | -€98,792 | -23.7% |
| Amounts payable after more than one year | 17 | €187,500 | €166,071 | -€21,429 | -11.4% |
| Financial debts | 170/4 | €187,500 | €166,071 | -€21,429 | -11.4% |
| Amounts payable within one year | 42/48 | €203,332 | €125,968 | -€77,364 | -38.0% |
| Current portion of amounts payable after more than one year | 42 | €47,677 | €21,429 | -€26,249 | -55.1% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €132,017 | €71,133 | -€60,885 | -46.1% |
| Suppliers | 440/4 | €132,017 | €71,133 | -€60,885 | -46.1% |
| Taxes, remuneration and social security | 45 | €12,162 | €18,069 | +€5,907 | +48.6% |
| Taxes | 450/3 | €2,322 | €7,927 | +€5,605 | +241.4% |
| Remuneration and social security | 454/9 | €9,840 | €10,142 | +€302 | +3.1% |
| Other amounts payable | 47/48 | €11,475 | €15,338 | +€3,863 | +33.7% |
| Accrued charges and deferred income | 492/3 | €25,917 | €25,917 | = | 0.0% |
| Remuneration, social security and pensions | 62 | €58,901 | €61,868 | +€2,966 | +5.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €95,490 | €102,275 | +€6,785 | +7.1% |
| Other operating charges | 640/8 | €34,226 | €649 | -€33,577 | -98.1% |
| Gross operating margin | 9900 | €354,191 | €356,779 | +€2,588 | +0.7% |
| Operating profit (loss) | 9901 | €165,574 | €191,988 | +€26,414 | +16.0% |
| Financial income | 75/76B | €466 | €1,624 | +€1,157 | +248.2% |
| Recurring financial income | 75 | €466 | €1,624 | +€1,157 | +248.2% |
| Financial charges | 65/66B | €25,499 | €13,488 | -€12,011 | -47.1% |
| Recurring financial charges | 65 | €25,499 | €13,488 | -€12,011 | -47.1% |
| Profit (loss) for the period before taxes | 9903 | €140,541 | €180,124 | +€39,582 | +28.2% |
| Income taxes | 67/77 | €177 | €316 | +€138 | +78.0% |
| Profit (loss) for the period | 9904 | €140,364 | €179,808 | +€39,444 | +28.1% |
| Profit (loss) for the period to be appropriated | 9905 | €140,364 | €179,808 | +€39,444 | +28.1% |
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 10 October 2026 via checked.be.