JAGAS: 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.
JAGAS
Largest movements
- Receivables within one year +€14,180
up €14,180 (+177.3%), from €7,998 to €22,178
of which Trade receivables: +€18,136
- Tangible fixed assets -€8,150
down €8,150 (-27.8%), from €29,288 to €21,138
- Cash +€3,738
up €3,738 (+1975.9%), from €189 to €3,927
mainly Other debts (+€14,963) and Depreciation (+€8,150)
- Other debts +€14,963
up €14,963 (+1922.7%), from €778 to €15,742
- Current portion of long-term debt -€5,769
no longer reported in 2025 (was €5,769)
- Trade debts -€4,906
down €4,906 (-71.5%), from €6,858 to €1,952
- Tax, wage and social debts +€4,569
up €4,569 (+127.5%), from €3,583 to €8,152
of which Remuneration and social security: +€7,942
- Profit (loss) carried forward +€964
up €964 (+18.2%), from -€5,309 to -€4,346
- Gross operating margin -€10,755
down €10,755 (-49.8%), from €21,607 to €10,852
- Depreciation +€1,468
up €1,468 (+22.0%), from €6,682 to €8,150
- Financial charges -€1,283
down €1,283 (-51.7%), from €2,481 to €1,198
- Other operating charges -€604
down €604 (-52.6%), from €1,148 to €544
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 | €37,475 | €47,242 | +€9,767 | +26.1% |
| Fixed assets | 21/28 | €29,288 | €21,138 | -€8,150 | -27.8% |
| Tangible fixed assets | 22/27 | €29,288 | €21,138 | -€8,150 | -27.8% |
| Furniture and vehicles | 24 | €29,288 | €21,138 | -€8,150 | -27.8% |
| Current assets | 29/58 | €8,187 | €26,104 | +€17,917 | +218.8% |
| Amounts receivable within one year | 40/41 | €7,998 | €22,178 | +€14,180 | +177.3% |
| Trade receivables | 40 | €1,310 | €19,446 | +€18,136 | +1384.9% |
| Other amounts receivable | 41 | €6,689 | €2,732 | -€3,957 | -59.2% |
| Cash at bank and in hand | 54/58 | €189 | €3,927 | +€3,738 | +1975.9% |
| Total equity and liabilities | 10/49 | €37,475 | €47,242 | +€9,767 | +26.1% |
| Equity | 10/15 | -€3,309 | -€2,346 | +€964 | +29.1% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,309 | -€4,346 | +€964 | +18.2% |
| Amounts payable | 17/49 | €40,785 | €49,588 | +€8,803 | +21.6% |
| Amounts payable after more than one year | 17 | €20,242 | €20,242 | = | 0.0% |
| Financial debts | 170/4 | €20,242 | €20,242 | = | 0.0% |
| Amounts payable within one year | 42/48 | €20,488 | €29,346 | +€8,858 | +43.2% |
| Current portion of amounts payable after more than one year | 42 | €5,769 | - | -€5,769 | |
| Trade debts | 44 | €6,858 | €1,952 | -€4,906 | -71.5% |
| Suppliers | 440/4 | €6,858 | €1,952 | -€4,906 | -71.5% |
| Advances received on contracts in progress | 46 | €3,500 | €3,500 | = | 0.0% |
| Taxes, remuneration and social security | 45 | €3,583 | €8,152 | +€4,569 | +127.5% |
| Taxes | 450/3 | €3,542 | €170 | -€3,373 | -95.2% |
| Remuneration and social security | 454/9 | €40 | €7,982 | +€7,942 | +19638.9% |
| Other amounts payable | 47/48 | €778 | €15,742 | +€14,963 | +1922.7% |
| Accrued charges and deferred income | 492/3 | €55 | - | -€55 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,682 | €8,150 | +€1,468 | +22.0% |
| Other operating charges | 640/8 | €1,148 | €544 | -€604 | -52.6% |
| Non-recurring operating charges | 66A | €16,794 | - | -€16,794 | |
| Gross operating margin | 9900 | €21,607 | €10,852 | -€10,755 | -49.8% |
| Operating profit (loss) | 9901 | -€3,017 | €2,158 | +€5,175 | |
| Financial income | 75/76B | €57 | €4 | -€54 | -93.6% |
| Recurring financial income | 75 | €57 | €4 | -€54 | -93.6% |
| Financial charges | 65/66B | €2,481 | €1,198 | -€1,283 | -51.7% |
| Recurring financial charges | 65 | €2,481 | €1,198 | -€1,283 | -51.7% |
| Profit (loss) for the period before taxes | 9903 | -€5,441 | €964 | +€6,405 | |
| Profit (loss) for the period | 9904 | -€5,441 | €964 | +€6,405 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,441 | €964 | +€6,405 |
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 9 October 2026 via checked.be.