JAGICO: 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.
JAGICO
Largest movements
- Current investments +€750,557
up €750,557 (+35.1%), from €2.1m to €2.9m
- Receivables within one year -€198,651
down €198,651 (-29.5%), from €672,469 to €473,818
of which Trade receivables: -€198,520
- Cash +€49,122
up €49,122 (+35.6%), from €137,967 to €187,089
mainly Net result for the year (+€842,347) and Receivables within one year (+€198,651)
- Reserves +€678,126
up €678,126 (+23.4%), from €2.9m to €3.6m
- Trade debts -€67,846
down €67,846 (-98.6%), from €68,842 to €996
- Other debts -€42,699
down €42,699 (-58.5%), from €72,981 to €30,282
- Financial income +€83,036
up €83,036 (+316.4%), from €26,242 to €109,278
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 | €3,066,374 | €3,643,701 | +€577,327 | +18.8% |
| Fixed assets | 21/28 | €114,782 | €91,672 | -€23,110 | -20.1% |
| Tangible fixed assets | 22/27 | €114,782 | €91,672 | -€23,110 | -20.1% |
| Plant, machinery and equipment | 23 | €3,422 | €2,657 | -€765 | -22.3% |
| Furniture and vehicles | 24 | €87,931 | €67,943 | -€19,988 | -22.7% |
| Other tangible fixed assets | 26 | €23,430 | €21,072 | -€2,357 | -10.1% |
| Current assets | 29/58 | €2,951,591 | €3,552,029 | +€600,437 | +20.3% |
| Amounts receivable within one year | 40/41 | €672,469 | €473,818 | -€198,651 | -29.5% |
| Trade receivables | 40 | €671,372 | €472,852 | -€198,520 | -29.6% |
| Other amounts receivable | 41 | €1,096 | €966 | -€131 | -11.9% |
| Current investments | 50/53 | €2,137,053 | €2,887,610 | +€750,557 | +35.1% |
| Cash at bank and in hand | 54/58 | €137,967 | €187,089 | +€49,122 | +35.6% |
| Deferred charges and accrued income | 490/1 | €4,103 | €3,512 | -€591 | -14.4% |
| Total equity and liabilities | 10/49 | €3,066,374 | €3,643,701 | +€577,327 | +18.8% |
| Equity | 10/15 | €2,921,317 | €3,599,443 | +€678,126 | +23.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €2,902,717 | €3,580,843 | +€678,126 | +23.4% |
| Distributable reserves | 133 | €2,902,717 | €3,580,843 | +€678,126 | +23.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €145,056 | €44,258 | -€100,799 | -69.5% |
| Amounts payable within one year | 42/48 | €145,056 | €44,258 | -€100,799 | -69.5% |
| Trade debts | 44 | €68,842 | €996 | -€67,846 | -98.6% |
| Suppliers | 440/4 | €68,842 | €996 | -€67,846 | -98.6% |
| Taxes, remuneration and social security | 45 | €3,234 | €12,980 | +€9,745 | +301.3% |
| Taxes | 450/3 | €3,234 | €12,980 | +€9,745 | +301.3% |
| Other amounts payable | 47/48 | €72,981 | €30,282 | -€42,699 | -58.5% |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,358 | €24,041 | +€10,683 | +80.0% |
| Other operating charges | 640/8 | €4,193 | €4,030 | -€163 | -3.9% |
| Non-recurring operating charges | 66A | €167 | €0 | -€167 | -100.0% |
| Gross operating margin | 9900 | €1,148,830 | €1,138,009 | -€10,821 | -0.9% |
| Operating profit (loss) | 9901 | €1,131,112 | €1,109,938 | -€21,174 | -1.9% |
| Financial income | 75/76B | €26,242 | €109,278 | +€83,036 | +316.4% |
| Recurring financial income | 75 | €26,242 | €109,278 | +€83,036 | +316.4% |
| Financial charges | 65/66B | €253 | €580 | +€327 | +129.3% |
| Recurring financial charges | 65 | €253 | €580 | +€327 | +129.3% |
| Profit (loss) for the period before taxes | 9903 | €1,157,101 | €1,218,636 | +€61,535 | +5.3% |
| Income taxes | 67/77 | €369,605 | €376,289 | +€6,685 | +1.8% |
| Profit (loss) for the period | 9904 | €787,497 | €842,347 | +€54,850 | +7.0% |
| Profit (loss) for the period to be appropriated | 9905 | €787,497 | €842,347 | +€54,850 | +7.0% |
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 11 October 2026 via checked.be.