Jaggers: 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.
Jaggers
Largest movements
- Cash -€29,077
down €29,077 (-49.6%), from €58,571 to €29,494
mainly Trade debts (-€42,473) and Investment in fixed assets (net) (-€18,611)
- Receivables within one year -€14,490
down €14,490 (-59.9%), from €24,192 to €9,702
of which Trade receivables: -€12,961
- Tangible fixed assets -€7,595
down €7,595 (-6.6%), from €115,563 to €107,968
of which Other tangible fixed assets: -€6,243
- Stocks and contracts +€4,870
up €4,870 (+28.5%), from €17,080 to €21,951
- Trade debts -€42,473
down €42,473 (-36.9%), from €115,165 to €72,692
- Tax, wage and social debts +€8,526
up €8,526 (+16.9%), from €50,352 to €58,877
of which Remuneration and social security: +€13,680
- Profit (loss) carried forward -€6,672
down €6,672 (-20.8%), from -€32,063 to -€38,735
- Other debts +€6,315
up €6,315 (+10.4%), from €60,441 to €66,756
- Advances received -€5,628
down €5,628 (-91.4%), from €6,158 to €530
- Staff costs +€49,821
up €49,821 (+19.1%), from €260,817 to €310,638
- Gross operating margin +€14,730
up €14,730 (+4.7%), from €316,587 to €331,317
- Financial charges -€11,566
down €11,566 (-96.5%), from €11,984 to €418
- Other operating charges -€10,612
down €10,612 (-92.2%), from €11,513 to €901
- Depreciation +€3,772
up €3,772 (+16.7%), from €22,533 to €26,306
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 | €225,114 | €180,580 | -€44,534 | -19.8% |
| Fixed assets | 21/28 | €121,948 | €114,253 | -€7,695 | -6.3% |
| Tangible fixed assets | 22/27 | €115,563 | €107,968 | -€7,595 | -6.6% |
| Plant, machinery and equipment | 23 | €27,471 | €25,763 | -€1,708 | -6.2% |
| Furniture and vehicles | 24 | €10,953 | €11,310 | +€356 | +3.3% |
| Other tangible fixed assets | 26 | €77,138 | €70,895 | -€6,243 | -8.1% |
| Financial fixed assets | 28 | €6,385 | €6,285 | -€100 | -1.6% |
| Current assets | 29/58 | €103,166 | €66,327 | -€36,839 | -35.7% |
| Stocks and contracts in progress | 3 | €17,080 | €21,951 | +€4,870 | +28.5% |
| Stocks | 30/36 | €17,080 | €21,951 | +€4,870 | +28.5% |
| Amounts receivable within one year | 40/41 | €24,192 | €9,702 | -€14,490 | -59.9% |
| Trade receivables | 40 | €22,537 | €9,576 | -€12,961 | -57.5% |
| Other amounts receivable | 41 | €1,655 | €126 | -€1,529 | -92.4% |
| Cash at bank and in hand | 54/58 | €58,571 | €29,494 | -€29,077 | -49.6% |
| Deferred charges and accrued income | 490/1 | €3,322 | €5,180 | +€1,858 | +55.9% |
| Total equity and liabilities | 10/49 | €225,114 | €180,580 | -€44,534 | -19.8% |
| Equity | 10/15 | -€11,603 | -€18,275 | -€6,672 | -57.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €1,860 | = | 0.0% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Other | 1319 | €1,860 | €1,860 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€32,063 | -€38,735 | -€6,672 | -20.8% |
| Amounts payable | 17/49 | €236,717 | €198,856 | -€37,862 | -16.0% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €236,717 | €198,856 | -€37,862 | -16.0% |
| Current portion of amounts payable after more than one year | 42 | €4,602 | €0 | -€4,602 | -100% |
| Trade debts | 44 | €115,165 | €72,692 | -€42,473 | -36.9% |
| Suppliers | 440/4 | €115,165 | €72,692 | -€42,473 | -36.9% |
| Advances received on contracts in progress | 46 | €6,158 | €530 | -€5,628 | -91.4% |
| Taxes, remuneration and social security | 45 | €50,352 | €58,877 | +€8,526 | +16.9% |
| Taxes | 450/3 | €16,265 | €11,111 | -€5,154 | -31.7% |
| Remuneration and social security | 454/9 | €34,087 | €47,767 | +€13,680 | +40.1% |
| Other amounts payable | 47/48 | €60,441 | €66,756 | +€6,315 | +10.4% |
| Accrued charges and deferred income | 492/3 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €260,817 | €310,638 | +€49,821 | +19.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,533 | €26,306 | +€3,772 | +16.7% |
| Other operating charges | 640/8 | €11,513 | €901 | -€10,612 | -92.2% |
| Gross operating margin | 9900 | €316,587 | €331,317 | +€14,730 | +4.7% |
| Operating profit (loss) | 9901 | €21,723 | -€6,528 | -€28,251 | |
| Financial income | 75/76B | €96 | €274 | +€179 | +187% |
| Recurring financial income | 75 | €96 | €274 | +€179 | +187% |
| Financial charges | 65/66B | €11,984 | €418 | -€11,566 | -96.5% |
| Recurring financial charges | 65 | €11,984 | €418 | -€11,566 | -96.5% |
| Profit (loss) for the period before taxes | 9903 | €9,835 | -€6,672 | -€16,507 | |
| Profit (loss) for the period | 9904 | €9,835 | -€6,672 | -€16,507 | |
| Profit (loss) for the period to be appropriated | 9905 | €9,835 | -€6,672 | -€16,507 |
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 16 October 2026 via checked.be.