Jagen: 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.
Jagen
Largest movements
- Tangible fixed assets +€233,102
new in 2025: €233,102
of which Land and buildings: +€215,540
- Stocks and contracts +€197,981
up €197,981 (+121.1%), from €163,482 to €361,463
- Receivables within one year -€126,911
down €126,911 (-73.8%), from €171,922 to €45,011
of which Trade receivables: -€165,768
- Cash -€7,331
down €7,331 (-96.7%), from €7,584 to €253
mainly Investment in fixed assets (net) (-€238,645) and Stocks and contracts (-€197,981)
- Debts after one year +€187,125
new in 2025: €187,125
- Short-term financial debts +€75,000
new in 2025: €75,000
- Advances received +€46,586
new in 2025: €46,586
- Trade debts -€41,912
down €41,912 (-74.4%), from €56,369 to €14,457
- Reserves +€27,553
up €27,553 (+10.0%), from €274,291 to €301,844
of which Distributable reserves: +€41,274
- Gross operating margin -€35,750
down €35,750 (-31.3%), from €114,090 to €78,340
- Other operating charges +€28,070
up €28,070 (+5468.4%), from €513 to €28,584
- Taxes -€22,103
down €22,103 (-72.1%), from €30,673 to €8,570
- Financial charges +€7,633
up €7,633 (+1600.2%), from €477 to €8,110
- Depreciation +€5,543
new in 2025: €5,543
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 | €342,988 | €639,829 | +€296,841 | +86.5% |
| Fixed assets | 21/28 | - | €233,102 | +€233,102 | |
| Tangible fixed assets | 22/27 | - | €233,102 | +€233,102 | |
| Land and buildings | 22 | - | €215,540 | +€215,540 | |
| Plant, machinery and equipment | 23 | - | €17,562 | +€17,562 | |
| Current assets | 29/58 | €342,988 | €406,727 | +€63,739 | +18.6% |
| Stocks and contracts in progress | 3 | €163,482 | €361,463 | +€197,981 | +121.1% |
| Stocks | 30/36 | €163,482 | €361,463 | +€197,981 | +121.1% |
| Amounts receivable within one year | 40/41 | €171,922 | €45,011 | -€126,911 | -73.8% |
| Trade receivables | 40 | €165,768 | €0 | -€165,768 | -100.0% |
| Other amounts receivable | 41 | €6,154 | €45,011 | +€38,857 | +631.4% |
| Cash at bank and in hand | 54/58 | €7,584 | €253 | -€7,331 | -96.7% |
| Deferred charges and accrued income | 490/1 | €0 | - | = | |
| Total equity and liabilities | 10/49 | €342,988 | €639,829 | +€296,841 | +86.5% |
| Equity | 10/15 | €278,791 | €306,344 | +€27,553 | +9.9% |
| Contributions | 10/11 | €4,500 | €4,500 | = | 0.0% |
| Reserves | 13 | €274,291 | €301,844 | +€27,553 | +10.0% |
| Tax-exempt reserves | 132 | €59,377 | €45,656 | -€13,721 | -23.1% |
| Distributable reserves | 133 | €214,914 | €256,188 | +€41,274 | +19.2% |
| Amounts payable | 17/49 | €64,197 | €333,485 | +€269,288 | +419.5% |
| Amounts payable after more than one year | 17 | - | €187,125 | +€187,125 | |
| Financial debts | 170/4 | - | €187,125 | +€187,125 | |
| Amounts payable within one year | 42/48 | €64,197 | €146,360 | +€82,163 | +128.0% |
| Current portion of amounts payable after more than one year | 42 | - | €8,209 | +€8,209 | |
| Financial debts | 43 | - | €75,000 | +€75,000 | |
| Credit institutions | 430/8 | - | €75,000 | +€75,000 | |
| Trade debts | 44 | €56,369 | €14,457 | -€41,912 | -74.4% |
| Suppliers | 440/4 | €56,369 | €14,457 | -€41,912 | -74.4% |
| Advances received on contracts in progress | 46 | - | €46,586 | +€46,586 | |
| Taxes, remuneration and social security | 45 | €7,828 | €2,109 | -€5,719 | -73.1% |
| Taxes | 450/3 | €7,828 | €2,109 | -€5,719 | -73.1% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €5,543 | +€5,543 | |
| Other operating charges | 640/8 | €513 | €28,584 | +€28,070 | +5468.4% |
| Gross operating margin | 9900 | €114,090 | €78,340 | -€35,750 | -31.3% |
| Operating profit (loss) | 9901 | €113,577 | €44,213 | -€69,364 | -61.1% |
| Financial income | 75/76B | €0 | €20 | +€20 | +200200.0% |
| Recurring financial income | 75 | €0 | €20 | +€20 | +200200.0% |
| Financial charges | 65/66B | €477 | €8,110 | +€7,633 | +1600.2% |
| Recurring financial charges | 65 | €477 | €8,110 | +€7,633 | +1600.2% |
| Profit (loss) for the period before taxes | 9903 | €113,100 | €36,123 | -€76,977 | -68.1% |
| Income taxes | 67/77 | €30,673 | €8,570 | -€22,103 | -72.1% |
| Profit (loss) for the period | 9904 | €82,427 | €27,553 | -€54,874 | -66.6% |
| Transfer from tax-exempt reserves | 789 | €3,773 | €13,721 | +€9,948 | +263.6% |
| Transfer to tax-exempt reserves | 689 | €0 | - | = | |
| Profit (loss) for the period to be appropriated | 9905 | €86,200 | €41,274 | -€44,927 | -52.1% |
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 8 October 2026 via checked.be.