JAGE Management: 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.
JAGE Management
Largest movements
- Cash +€374,758
up €374,758 (+11,022%), from €3,400 to €378,158
mainly Net result for the year (+€317,177) and Deferred charges and accrued income (+€260,000)
- Receivables within one year +€325,100
up €325,100 (+20,319%), from €1,600 to €326,700
- Deferred charges and accrued income -€260,000
no longer reported in 2025 (was €260,000)
- Reserves +€317,177
up €317,177 (+164%), from €193,675 to €510,852
- Tax, wage and social debts +€110,802
up €110,802 (+180%), from €61,667 to €172,469
of which Taxes: +€113,469
- Other debts +€13,963
up €13,963 (+1,299%), from €1,075 to €15,037
- Gross operating margin +€171,771
up €171,771 (+68.3%), from €251,623 to €423,393
- Taxes +€47,834
up €47,834 (+82.6%), from €57,892 to €105,726
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 | €265,000 | €704,858 | +€439,858 | +166% |
| Current assets | 29/58 | €265,000 | €704,858 | +€439,858 | +166% |
| Amounts receivable within one year | 40/41 | €1,600 | €326,700 | +€325,100 | +20,319% |
| Trade receivables | 40 | €1,600 | €326,700 | +€325,100 | +20,319% |
| Cash at bank and in hand | 54/58 | €3,400 | €378,158 | +€374,758 | +11,022% |
| Deferred charges and accrued income | 490/1 | €260,000 | - | -€260,000 | |
| Total equity and liabilities | 10/49 | €265,000 | €704,858 | +€439,858 | +166% |
| Equity | 10/15 | €198,675 | €515,852 | +€317,177 | +160% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €193,675 | €510,852 | +€317,177 | +164% |
| Distributable reserves | 133 | €193,675 | €510,852 | +€317,177 | +164% |
| Amounts payable | 17/49 | €66,325 | €189,006 | +€122,681 | +185% |
| Amounts payable within one year | 42/48 | €62,741 | €187,506 | +€124,765 | +199% |
| Taxes, remuneration and social security | 45 | €61,667 | €172,469 | +€110,802 | +180% |
| Taxes | 450/3 | €59,000 | €172,469 | +€113,469 | +192% |
| Remuneration and social security | 454/9 | €2,667 | - | -€2,667 | |
| Other amounts payable | 47/48 | €1,075 | €15,037 | +€13,963 | +1,299% |
| Accrued charges and deferred income | 492/3 | €3,584 | €1,500 | -€2,084 | -58.2% |
| Other operating charges | 640/8 | €57 | €468 | +€411 | +725% |
| Gross operating margin | 9900 | €251,623 | €423,393 | +€171,771 | +68.3% |
| Operating profit (loss) | 9901 | €251,566 | €422,926 | +€171,359 | +68.1% |
| Financial charges | 65/66B | - | €23 | +€23 | |
| Recurring financial charges | 65 | - | €23 | +€23 | |
| Profit (loss) for the period before taxes | 9903 | €251,566 | €422,903 | +€171,337 | +68.1% |
| Income taxes | 67/77 | €57,892 | €105,726 | +€47,834 | +82.6% |
| Profit (loss) for the period | 9904 | €193,675 | €317,177 | +€123,503 | +63.8% |
| Profit (loss) for the period to be appropriated | 9905 | €193,675 | €317,177 | +€123,503 | +63.8% |
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 21 October 2026 via checked.be.