JAGES: 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.
JAGES
Largest movements
- Tangible fixed assets -€8,299
down €8,299 (-38.8%), from €21,382 to €13,083
of which Furniture and vehicles: -€9,050
- Receivables within one year -€2,384
down €2,384 (-78.3%), from €3,044 to €660
- Cash -€572
down €572 (-91.5%), from €625 to €53
mainly Debts after one year (-€6,767) and Other debts (-€4,501)
- Debts after one year -€6,767
down €6,767 (-39.9%), from €16,959 to €10,192
- Other debts -€4,501
down €4,501 (-36.7%), from €12,281 to €7,780
- Trade debts +€3,675
up €3,675 (+284.2%), from €1,293 to €4,968
- Tax, wage and social debts -€2,685
down €2,685 (-33.5%), from €8,014 to €5,329
of which Taxes: -€2,754
- Profit (loss) carried forward -€1,596
down €1,596 (-6.0%), from -€26,748 to -€28,344
- Depreciation +€3,315
up €3,315 (+57.5%), from €5,768 to €9,083
- Gross operating margin -€2,935
down €2,935 (-10.1%), from €29,009 to €26,074
- Other operating charges -€1,639
down €1,639 (-55.0%), from €2,981 to €1,342
- Taxes -€1,325
down €1,325 (-40.4%), from €3,276 to €1,951
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 | €25,051 | €13,796 | -€11,255 | -44.9% |
| Fixed assets | 21/28 | €21,382 | €13,083 | -€8,299 | -38.8% |
| Tangible fixed assets | 22/27 | €21,382 | €13,083 | -€8,299 | -38.8% |
| Plant, machinery and equipment | 23 | - | €751 | +€751 | |
| Furniture and vehicles | 24 | €21,382 | €12,332 | -€9,050 | -42.3% |
| Current assets | 29/58 | €3,669 | €713 | -€2,956 | -80.6% |
| Amounts receivable within one year | 40/41 | €3,044 | €660 | -€2,384 | -78.3% |
| Trade receivables | 40 | €3,044 | €660 | -€2,384 | -78.3% |
| Cash at bank and in hand | 54/58 | €625 | €53 | -€572 | -91.5% |
| Total equity and liabilities | 10/49 | €25,051 | €13,796 | -€11,255 | -44.9% |
| Equity | 10/15 | -€19,930 | -€21,526 | -€1,596 | -8.0% |
| Contributions | 10/11 | €6,198 | €6,198 | = | 0.0% |
| Capital | 10 | €6,198 | €6,198 | = | 0.0% |
| Issued capital | 100 | €18,593 | €18,593 | = | 0.0% |
| Uncalled capital | 101 | €12,395 | €12,395 | = | 0.0% |
| Reserves | 13 | €620 | €620 | = | 0.0% |
| Non-distributable reserves | 130/1 | €620 | €620 | = | 0.0% |
| Legal reserve | 130 | €620 | €620 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,748 | -€28,344 | -€1,596 | -6.0% |
| Amounts payable | 17/49 | €44,981 | €35,322 | -€9,659 | -21.5% |
| Amounts payable after more than one year | 17 | €16,959 | €10,192 | -€6,767 | -39.9% |
| Financial debts | 170/4 | €16,959 | €10,192 | -€6,767 | -39.9% |
| Amounts payable within one year | 42/48 | €28,022 | €25,130 | -€2,892 | -10.3% |
| Current portion of amounts payable after more than one year | 42 | €6,434 | €6,767 | +€333 | +5.2% |
| Financial debts | 43 | - | €286 | +€286 | |
| Credit institutions | 430/8 | - | €286 | +€286 | |
| Trade debts | 44 | €1,293 | €4,968 | +€3,675 | +284.2% |
| Suppliers | 440/4 | €1,293 | €4,968 | +€3,675 | +284.2% |
| Taxes, remuneration and social security | 45 | €8,014 | €5,329 | -€2,685 | -33.5% |
| Taxes | 450/3 | €5,495 | €2,741 | -€2,754 | -50.1% |
| Remuneration and social security | 454/9 | €2,519 | €2,588 | +€69 | +2.7% |
| Other amounts payable | 47/48 | €12,281 | €7,780 | -€4,501 | -36.7% |
| Remuneration, social security and pensions | 62 | €13,402 | €13,582 | +€180 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,768 | €9,083 | +€3,315 | +57.5% |
| Other operating charges | 640/8 | €2,981 | €1,342 | -€1,639 | -55.0% |
| Gross operating margin | 9900 | €29,009 | €26,074 | -€2,935 | -10.1% |
| Operating profit (loss) | 9901 | €6,858 | €2,067 | -€4,791 | -69.9% |
| Financial charges | 65/66B | €1,623 | €1,712 | +€89 | +5.5% |
| Recurring financial charges | 65 | €1,623 | €1,712 | +€89 | +5.5% |
| Profit (loss) for the period before taxes | 9903 | €5,235 | €355 | -€4,880 | -93.2% |
| Income taxes | 67/77 | €3,276 | €1,951 | -€1,325 | -40.4% |
| Profit (loss) for the period | 9904 | €1,959 | -€1,596 | -€3,555 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,959 | -€1,596 | -€3,555 |
Source: filed annual accounts (NBB), fiscal years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.