JAGECON: 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.
JAGECON
Largest movements
- Cash +€76,220
up €76,220 (+1583.7%), from €4,813 to €81,033
mainly Net result for the year (+€129,735) and Depreciation (+€15,364)
- Current investments +€15,000
new in 2025: €15,000
- Tangible fixed assets -€10,943
down €10,943 (-54.6%), from €20,050 to €9,107
of which Furniture and vehicles: -€10,627
- Receivables within one year +€8,075
up €8,075 (+11.2%), from €72,323 to €80,397
of which Trade receivables: +€4,991
- Deferred charges and accrued income -€1,964
down €1,964 (-46.9%), from €4,186 to €2,222
- Profit (loss) carried forward +€129,735
up €129,735 (+806.4%), from €16,088 to €145,823
- Other debts -€39,462
down €39,462 (-79.4%), from €49,725 to €10,263
- Tax, wage and social debts -€2,618
down €2,618 (-23.4%), from €11,179 to €8,562
- Gross operating margin +€8,884
up €8,884 (+5.1%), from €173,545 to €182,429
- Taxes +€1,996
up €1,996 (+5.7%), from €35,071 to €37,067
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 | €101,372 | €187,759 | +€86,388 | +85.2% |
| Fixed assets | 21/28 | €20,050 | €9,107 | -€10,943 | -54.6% |
| Tangible fixed assets | 22/27 | €20,050 | €9,107 | -€10,943 | -54.6% |
| Plant, machinery and equipment | 23 | €317 | - | -€317 | |
| Furniture and vehicles | 24 | €19,734 | €9,107 | -€10,627 | -53.8% |
| Current assets | 29/58 | €81,321 | €178,652 | +€97,331 | +119.7% |
| Amounts receivable within one year | 40/41 | €72,323 | €80,397 | +€8,075 | +11.2% |
| Trade receivables | 40 | €72,323 | €77,313 | +€4,991 | +6.9% |
| Other amounts receivable | 41 | - | €3,084 | +€3,084 | |
| Current investments | 50/53 | - | €15,000 | +€15,000 | |
| Cash at bank and in hand | 54/58 | €4,813 | €81,033 | +€76,220 | +1583.7% |
| Deferred charges and accrued income | 490/1 | €4,186 | €2,222 | -€1,964 | -46.9% |
| Total equity and liabilities | 10/49 | €101,372 | €187,759 | +€86,388 | +85.2% |
| Equity | 10/15 | €34,785 | €164,520 | +€129,735 | +373.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €147 | €147 | = | 0.0% |
| Tax-exempt reserves | 132 | €147 | €147 | = | 0.0% |
| Profit (loss) carried forward | 14 | €16,088 | €145,823 | +€129,735 | +806.4% |
| Amounts payable | 17/49 | €66,587 | €23,239 | -€43,348 | -65.1% |
| Amounts payable within one year | 42/48 | €66,587 | €23,239 | -€43,348 | -65.1% |
| Trade debts | 44 | €5,682 | €4,414 | -€1,268 | -22.3% |
| Suppliers | 440/4 | €5,682 | €4,414 | -€1,268 | -22.3% |
| Taxes, remuneration and social security | 45 | €11,179 | €8,562 | -€2,618 | -23.4% |
| Taxes | 450/3 | €11,179 | €8,562 | -€2,618 | -23.4% |
| Other amounts payable | 47/48 | €49,725 | €10,263 | -€39,462 | -79.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,842 | €15,364 | -€478 | -3.0% |
| Other operating charges | 640/8 | €441 | €294 | -€146 | -33.2% |
| Gross operating margin | 9900 | €173,545 | €182,429 | +€8,884 | +5.1% |
| Operating profit (loss) | 9901 | €157,262 | €166,771 | +€9,509 | +6.0% |
| Financial income | 75/76B | €928 | €398 | -€530 | -57.1% |
| Recurring financial income | 75 | €928 | €398 | -€530 | -57.1% |
| Financial charges | 65/66B | €130 | €367 | +€237 | +182.2% |
| Recurring financial charges | 65 | €130 | €367 | +€237 | +182.2% |
| Profit (loss) for the period before taxes | 9903 | €158,060 | €166,802 | +€8,742 | +5.5% |
| Income taxes | 67/77 | €35,071 | €37,067 | +€1,996 | +5.7% |
| Profit (loss) for the period | 9904 | €122,989 | €129,735 | +€6,746 | +5.5% |
| Profit (loss) for the period to be appropriated | 9905 | €122,989 | €129,735 | +€6,746 | +5.5% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.