JAGIBO: 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.
JAGIBO
Largest movements
- Tangible fixed assets -€27,887
down €27,887 (-2.0%), from €1.4m to €1.4m
of which Land and buildings: -€27,887
- Cash -€26,869
down €26,869 (-55.7%), from €48,239 to €21,369
mainly Debts after one year (-€59,119) and Investment in fixed assets (net) (-€8,803)
- Debts after one year -€59,119
down €59,119 (-6.4%), from €924,299 to €865,181
- Depreciation +€9,365
up €9,365 (+34.3%), from €27,324 to €36,689
- Gross operating margin +€8,838
up €8,838 (+18.6%), from €47,549 to €56,387
- Financial charges +€4,429
up €4,429 (+57.5%), from €7,708 to €12,137
- Other operating charges -€2,175
down €2,175 (-29.4%), from €7,391 to €5,215
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 | €1,467,280 | €1,411,164 | -€56,116 | -3.8% |
| Fixed assets | 21/28 | €1,414,735 | €1,386,848 | -€27,887 | -2.0% |
| Tangible fixed assets | 22/27 | €1,414,735 | €1,386,848 | -€27,887 | -2.0% |
| Land and buildings | 22 | €1,414,735 | €1,386,848 | -€27,887 | -2.0% |
| Furniture and vehicles | 24 | €0 | - | = | |
| Other tangible fixed assets | 26 | €0 | - | = | |
| Current assets | 29/58 | €52,545 | €24,316 | -€28,229 | -53.7% |
| Amounts receivable within one year | 40/41 | €4,307 | €2,947 | -€1,360 | -31.6% |
| Trade receivables | 40 | €1,216 | €2,522 | +€1,306 | +107.4% |
| Other amounts receivable | 41 | €3,091 | €425 | -€2,666 | -86.2% |
| Cash at bank and in hand | 54/58 | €48,239 | €21,369 | -€26,869 | -55.7% |
| Total equity and liabilities | 10/49 | €1,467,280 | €1,411,164 | -€56,116 | -3.8% |
| Equity | 10/15 | €82,499 | €84,290 | +€1,791 | +2.2% |
| Contributions | 10/11 | €19,715 | €19,715 | = | 0.0% |
| Reserves | 13 | €62,761 | €64,552 | +€1,791 | +2.9% |
| Tax-exempt reserves | 132 | €89 | €89 | = | 0.0% |
| Distributable reserves | 133 | €62,672 | €64,462 | +€1,791 | +2.9% |
| Investment grants | 15 | €23 | €23 | = | 0.0% |
| Provisions and deferred taxes | 16 | €74 | €74 | = | 0.0% |
| Deferred taxes | 168 | €74 | €74 | = | 0.0% |
| Amounts payable | 17/49 | €1,384,707 | €1,326,801 | -€57,906 | -4.2% |
| Amounts payable after more than one year | 17 | €924,299 | €865,181 | -€59,119 | -6.4% |
| Financial debts | 170/4 | €924,299 | €865,181 | -€59,119 | -6.4% |
| Amounts payable within one year | 42/48 | €460,408 | €461,620 | +€1,212 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €58,320 | €59,119 | +€799 | +1.4% |
| Trade debts | 44 | €155 | €569 | +€414 | +266.3% |
| Suppliers | 440/4 | €155 | €569 | +€414 | +266.3% |
| Taxes, remuneration and social security | 45 | €0 | - | = | |
| Taxes | 450/3 | €0 | - | = | |
| Other amounts payable | 47/48 | €401,933 | €401,933 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,324 | €36,689 | +€9,365 | +34.3% |
| Other operating charges | 640/8 | €7,391 | €5,215 | -€2,175 | -29.4% |
| Gross operating margin | 9900 | €47,549 | €56,387 | +€8,838 | +18.6% |
| Operating profit (loss) | 9901 | €12,835 | €14,483 | +€1,648 | +12.8% |
| Financial income | 75/76B | €10 | €20 | +€10 | +100.0% |
| Recurring financial income | 75 | €10 | €20 | +€10 | +100.0% |
| Financial charges | 65/66B | €7,708 | €12,137 | +€4,429 | +57.5% |
| Recurring financial charges | 65 | €7,708 | €12,137 | +€4,429 | +57.5% |
| Profit (loss) for the period before taxes | 9903 | €5,137 | €2,365 | -€2,771 | -54.0% |
| Income taxes | 67/77 | €409 | €575 | +€166 | +40.5% |
| Profit (loss) for the period | 9904 | €4,728 | €1,791 | -€2,937 | -62.1% |
| Profit (loss) for the period to be appropriated | 9905 | €4,728 | €1,791 | -€2,937 | -62.1% |
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 12 October 2026 via checked.be.