JAGHI: 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.
JAGHI
Largest movements
- Current investments +€2.3m
up €2.3m (+265.1%), from €869,344 to €3.2m
- Cash -€2.2m
down €2.2m (-81.5%), from €2.7m to €508,661
mainly Current investments (-€2.3m) and Contributions, distributions and other (-€454,545)
No liability line moved by more than 1% of the balance sheet total.
- Financial income -€2.9m
down €2.9m (-83.4%), from €3.5m to €585,202
- Taxes -€255,617
down €255,617 (-82.8%), from €308,748 to €53,131
- Gross operating margin -€1,111
down €1,111 (-44.1%), from -€2,519 to -€3,630
- Financial charges +€198
up €198 (+269.1%), from €74 to €271
of which Non-recurring financial charges: +€196
- Other operating charges +€37
up €37 (+3.1%), from €1,179 to €1,216
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 | €12,507,343 | €12,579,497 | +€72,154 | +0.6% |
| Fixed assets | 21/28 | €8,493,600 | €8,493,600 | = | 0.0% |
| Financial fixed assets | 28 | €8,493,600 | €8,493,600 | = | 0.0% |
| Current assets | 29/58 | €4,013,743 | €4,085,897 | +€72,154 | +1.8% |
| Amounts receivable within one year | 40/41 | €402,129 | €401,933 | -€196 | 0.0% |
| Other amounts receivable | 41 | €402,129 | €401,933 | -€196 | 0.0% |
| Current investments | 50/53 | €869,344 | €3,173,898 | +€2.3m | +265.1% |
| Cash at bank and in hand | 54/58 | €2,742,270 | €508,661 | -€2.2m | -81.5% |
| Deferred charges and accrued income | 490/1 | - | €1,405 | +€1,405 | |
| Total equity and liabilities | 10/49 | €12,507,343 | €12,579,497 | +€72,154 | +0.6% |
| Equity | 10/15 | €12,197,636 | €12,270,044 | +€72,408 | +0.6% |
| Contributions | 10/11 | €8,000,000 | €8,000,000 | = | 0.0% |
| Reserves | 13 | €4,197,636 | €4,270,044 | +€72,408 | +1.7% |
| Distributable reserves | 133 | €4,197,636 | €4,270,044 | +€72,408 | +1.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €309,708 | €309,453 | -€255 | -0.1% |
| Amounts payable within one year | 42/48 | €309,708 | €309,453 | -€255 | -0.1% |
| Trade debts | 44 | €960 | €565 | -€395 | -41.1% |
| Suppliers | 440/4 | €960 | €565 | -€395 | -41.1% |
| Taxes, remuneration and social security | 45 | €308,748 | €308,888 | +€140 | 0.0% |
| Taxes | 450/3 | €308,748 | €308,888 | +€140 | 0.0% |
| Other amounts payable | 47/48 | - | €0 | = | |
| Other operating charges | 640/8 | €1,179 | €1,216 | +€37 | +3.1% |
| Gross operating margin | 9900 | -€2,519 | -€3,630 | -€1,111 | -44.1% |
| Operating profit (loss) | 9901 | -€3,698 | -€4,846 | -€1,148 | -31.0% |
| Financial income | 75/76B | €3,520,000 | €585,202 | -€2.9m | -83.4% |
| Recurring financial income | 75 | €3,520,000 | €585,202 | -€2.9m | -83.4% |
| Financial charges | 65/66B | €74 | €271 | +€198 | +269.1% |
| Recurring financial charges | 65 | €74 | €75 | +€2 | +2.0% |
| Non-recurring financial charges | 66B | - | €196 | +€196 | |
| Profit (loss) for the period before taxes | 9903 | €3,516,228 | €580,085 | -€2.9m | -83.5% |
| Income taxes | 67/77 | €308,748 | €53,131 | -€255,617 | -82.8% |
| Profit (loss) for the period | 9904 | €3,207,480 | €526,954 | -€2.7m | -83.6% |
| Profit (loss) for the period to be appropriated | 9905 | €3,207,480 | €526,954 | -€2.7m | -83.6% |
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 10 October 2026 via checked.be.