Jagershoek: 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.
Jagershoek
Largest movements
- Current investments +€11,245
up €11,245 (+4.8%), from €234,946 to €246,191
- Tangible fixed assets -€6,486
down €6,486 (-1.7%), from €383,316 to €376,830
of which Land and buildings: -€4,671
- Accrued charges and deferred income -€78,469
down €78,469 (-98.5%), from €79,682 to €1,213
- Reserves +€54,403
up €54,403 (+11.5%), from €472,660 to €527,063
of which Distributable reserves: +€55,917
- Tax, wage and social debts +€24,386
up €24,386 (+7,502%), from €325 to €24,711
- Financial income +€99,772
up €99,772 (+1,050,233%), from €10 to €99,782
- Taxes +€25,948
up €25,948 (+7,916%), from €328 to €26,276
- Staff costs +€6,790
up €6,790 (+53.6%), from €12,662 to €19,452
- Gross operating margin -€3,879
down €3,879 (-21.8%), from €17,780 to €13,901
- Depreciation +€400
up €400 (+4.0%), from €9,945 to €10,344
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 | €631,830 | €631,303 | -€526 | -0.1% |
| Fixed assets | 21/28 | €383,316 | €376,830 | -€6,486 | -1.7% |
| Tangible fixed assets | 22/27 | €383,316 | €376,830 | -€6,486 | -1.7% |
| Land and buildings | 22 | €309,835 | €305,164 | -€4,671 | -1.5% |
| Other tangible fixed assets | 26 | €73,481 | €71,666 | -€1,815 | -2.5% |
| Current assets | 29/58 | €248,514 | €254,473 | +€5,960 | +2.4% |
| Amounts receivable within one year | 40/41 | - | €249 | +€249 | |
| Other amounts receivable | 41 | - | €249 | +€249 | |
| Current investments | 50/53 | €234,946 | €246,191 | +€11,245 | +4.8% |
| Cash at bank and in hand | 54/58 | €9,570 | €5,666 | -€3,904 | -40.8% |
| Deferred charges and accrued income | 490/1 | €3,998 | €2,367 | -€1,631 | -40.8% |
| Total equity and liabilities | 10/49 | €631,830 | €631,303 | -€526 | -0.1% |
| Equity | 10/15 | €534,160 | €588,563 | +€54,403 | +10.2% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €472,660 | €527,063 | +€54,403 | +11.5% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Tax-exempt reserves | 132 | €45,925 | €44,411 | -€1,514 | -3.3% |
| Distributable reserves | 133 | €420,585 | €476,502 | +€55,917 | +13.3% |
| Provisions and deferred taxes | 16 | €15,308 | €14,804 | -€505 | -3.3% |
| Deferred taxes | 168 | €15,308 | €14,804 | -€505 | -3.3% |
| Amounts payable | 17/49 | €82,362 | €27,937 | -€54,425 | -66.1% |
| Amounts payable within one year | 42/48 | €2,679 | €26,724 | +€24,044 | +897% |
| Trade debts | 44 | €489 | €279 | -€210 | -43.0% |
| Suppliers | 440/4 | €489 | €279 | -€210 | -43.0% |
| Taxes, remuneration and social security | 45 | €325 | €24,711 | +€24,386 | +7,502% |
| Taxes | 450/3 | €325 | €24,711 | +€24,386 | +7,502% |
| Other amounts payable | 47/48 | €1,865 | €1,734 | -€131 | -7.0% |
| Accrued charges and deferred income | 492/3 | €79,682 | €1,213 | -€78,469 | -98.5% |
| Remuneration, social security and pensions | 62 | €12,662 | €19,452 | +€6,790 | +53.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,945 | €10,344 | +€400 | +4.0% |
| Other operating charges | 640/8 | €3,493 | €3,602 | +€109 | +3.1% |
| Gross operating margin | 9900 | €17,780 | €13,901 | -€3,879 | -21.8% |
| Operating profit (loss) | 9901 | -€8,320 | -€19,497 | -€11,178 | -134% |
| Financial income | 75/76B | €10 | €99,782 | +€99,772 | +1,050,233% |
| Recurring financial income | 75 | €10 | €99,782 | +€99,772 | +1,050,233% |
| Financial charges | 65/66B | -€118 | €110 | +€228 | |
| Recurring financial charges | 65 | -€118 | €110 | +€228 | |
| Profit (loss) for the period before taxes | 9903 | -€8,192 | €80,174 | +€88,367 | |
| Transfer from deferred taxes | 780 | €505 | €505 | = | 0.0% |
| Income taxes | 67/77 | €328 | €26,276 | +€25,948 | +7,916% |
| Profit (loss) for the period | 9904 | -€8,016 | €54,403 | +€62,419 | |
| Transfer from tax-exempt reserves | 789 | €1,514 | €1,514 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€6,502 | €55,917 | +€62,419 |
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 15 October 2026 via checked.be.