JAGERSHOF: 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.
JAGERSHOF
Largest movements
- Stocks and contracts -€88,129
down €88,129 (-31.2%), from €282,013 to €193,884
- Cash +€78,823
up €78,823 (+13.4%), from €587,637 to €666,460
mainly Stocks and contracts (+€88,129) and Receivables within one year (+€62,907)
- Receivables within one year -€62,907
down €62,907 (-43.3%), from €145,228 to €82,321
of which Trade receivables: -€140,000
- Receivables after one year -€60,000
down €60,000 (-28.1%), from €213,600 to €153,600
- Other debts -€100,000
no longer reported in 2025 (was €100,000)
- Trade debts -€71,487
down €71,487 (-85.7%), from €83,415 to €11,929
- Profit (loss) carried forward +€37,355
up €37,355 (+135%), from €27,765 to €65,120
- Gross operating margin -€132,124
down €132,124 (-70.9%), from €186,439 to €54,314
- Taxes -€54,135
down €54,135 (-80.5%), from €67,242 to €13,107
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 | €1,228,478 | €1,096,265 | -€132,213 | -10.8% |
| Current assets | 29/58 | €1,228,478 | €1,096,265 | -€132,213 | -10.8% |
| Amounts receivable after more than one year | 29 | €213,600 | €153,600 | -€60,000 | -28.1% |
| Other amounts receivable | 291 | €213,600 | €153,600 | -€60,000 | -28.1% |
| Stocks and contracts in progress | 3 | €282,013 | €193,884 | -€88,129 | -31.2% |
| Stocks | 30/36 | €282,013 | €193,884 | -€88,129 | -31.2% |
| Amounts receivable within one year | 40/41 | €145,228 | €82,321 | -€62,907 | -43.3% |
| Trade receivables | 40 | €140,000 | - | -€140,000 | |
| Other amounts receivable | 41 | €5,228 | €82,321 | +€77,093 | +1,475% |
| Cash at bank and in hand | 54/58 | €587,637 | €666,460 | +€78,823 | +13.4% |
| Total equity and liabilities | 10/49 | €1,228,478 | €1,096,265 | -€132,213 | -10.8% |
| Equity | 10/15 | €1,045,016 | €1,084,337 | +€39,321 | +3.8% |
| Contributions | 10/11 | €1,000,000 | €1,000,000 | = | 0.0% |
| Capital | 10 | €1,000,000 | €1,000,000 | = | 0.0% |
| Issued capital | 100 | €1,000,000 | €1,000,000 | = | 0.0% |
| Reserves | 13 | €17,251 | €19,217 | +€1,966 | +11.4% |
| Non-distributable reserves | 130/1 | €17,251 | €19,217 | +€1,966 | +11.4% |
| Legal reserve | 130 | €17,251 | €19,217 | +€1,966 | +11.4% |
| Profit (loss) carried forward | 14 | €27,765 | €65,120 | +€37,355 | +135% |
| Amounts payable | 17/49 | €183,463 | €11,929 | -€171,534 | -93.5% |
| Amounts payable within one year | 42/48 | €183,463 | €11,929 | -€171,534 | -93.5% |
| Trade debts | 44 | €83,415 | €11,929 | -€71,487 | -85.7% |
| Suppliers | 440/4 | €83,415 | €11,929 | -€71,487 | -85.7% |
| Taxes, remuneration and social security | 45 | €47 | - | -€47 | |
| Taxes | 450/3 | €47 | - | -€47 | |
| Other amounts payable | 47/48 | €100,000 | - | -€100,000 | |
| Other operating charges | 640/8 | €2,200 | €1,126 | -€1,074 | -48.8% |
| Gross operating margin | 9900 | €186,439 | €54,314 | -€132,124 | -70.9% |
| Operating profit (loss) | 9901 | €184,239 | €53,188 | -€131,051 | -71.1% |
| Financial income | 75/76B | €1 | - | -€1 | |
| Recurring financial income | 75 | €1 | - | -€1 | |
| Financial charges | 65/66B | €715 | €760 | +€44 | +6.2% |
| Recurring financial charges | 65 | €715 | €760 | +€44 | +6.2% |
| Profit (loss) for the period before taxes | 9903 | €183,524 | €52,428 | -€131,096 | -71.4% |
| Income taxes | 67/77 | €67,242 | €13,107 | -€54,135 | -80.5% |
| Profit (loss) for the period | 9904 | €116,282 | €39,321 | -€76,961 | -66.2% |
| Profit (loss) for the period to be appropriated | 9905 | €116,282 | €39,321 | -€76,961 | -66.2% |
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 18 October 2026 via checked.be.