JAGIELLO: 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.
JAGIELLO
Largest movements
- Tangible fixed assets -€9,130
down €9,130 (-2.2%), from €416,493 to €407,363
of which Land and buildings: -€11,407
- Receivables within one year +€5,754
up €5,754 (+4.1%), from €139,778 to €145,532
of which Trade receivables: +€3,311
- Debts after one year -€38,458
down €38,458 (-13.5%), from €285,193 to €246,734
- Profit (loss) carried forward +€23,196
up €23,196, from -€22,523 to €673
- Reserves +€17,000
up €17,000 (+9.7%), from €175,360 to €192,360
- Tax, wage and social debts -€8,647
down €8,647 (-22.1%), from €39,145 to €30,498
- Gross operating margin +€17,616
up €17,616 (+29.2%), from €60,287 to €77,903
- Taxes +€6,124
up €6,124 (+58.6%), from €10,444 to €16,568
- Other operating charges -€2,929
down €2,929 (-49.7%), from €5,893 to €2,963
- Financial charges -€1,738
down €1,738 (-12.0%), from €14,531 to €12,793
- Financial income -€1,159
down €1,159 (-13.3%), from €8,699 to €7,540
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 | €557,857 | €554,317 | -€3,539 | -0.6% |
| Fixed assets | 21/28 | €417,153 | €408,023 | -€9,130 | -2.2% |
| Tangible fixed assets | 22/27 | €416,493 | €407,363 | -€9,130 | -2.2% |
| Land and buildings | 22 | €415,965 | €404,558 | -€11,407 | -2.7% |
| Furniture and vehicles | 24 | €528 | €2,805 | +€2,277 | +431% |
| Financial fixed assets | 28 | €660 | €660 | = | 0.0% |
| Current assets | 29/58 | €140,704 | €146,295 | +€5,591 | +4.0% |
| Amounts receivable within one year | 40/41 | €139,778 | €145,532 | +€5,754 | +4.1% |
| Trade receivables | 40 | €689 | €4,000 | +€3,311 | +480% |
| Other amounts receivable | 41 | €139,089 | €141,532 | +€2,443 | +1.8% |
| Cash at bank and in hand | 54/58 | €2 | €1 | -€1 | -49.4% |
| Deferred charges and accrued income | 490/1 | €923 | €761 | -€162 | -17.5% |
| Total equity and liabilities | 10/49 | €557,857 | €554,317 | -€3,539 | -0.6% |
| Equity | 10/15 | €166,037 | €206,233 | +€40,196 | +24.2% |
| Contributions | 10/11 | €13,200 | €13,200 | = | 0.0% |
| Reserves | 13 | €175,360 | €192,360 | +€17,000 | +9.7% |
| Distributable reserves | 133 | €175,360 | €192,360 | +€17,000 | +9.7% |
| Profit (loss) carried forward | 14 | -€22,523 | €673 | +€23,196 | |
| Amounts payable | 17/49 | €391,819 | €348,084 | -€43,735 | -11.2% |
| Amounts payable after more than one year | 17 | €285,193 | €246,734 | -€38,458 | -13.5% |
| Financial debts | 170/4 | €285,193 | €246,734 | -€38,458 | -13.5% |
| Amounts payable within one year | 42/48 | €106,626 | €100,964 | -€5,663 | -5.3% |
| Current portion of amounts payable after more than one year | 42 | €42,950 | €39,813 | -€3,137 | -7.3% |
| Financial debts | 43 | €16,934 | €21,103 | +€4,168 | +24.6% |
| Credit institutions | 430/8 | €16,934 | €21,103 | +€4,168 | +24.6% |
| Trade debts | 44 | €5,853 | €8,967 | +€3,114 | +53.2% |
| Suppliers | 440/4 | €5,853 | €8,967 | +€3,114 | +53.2% |
| Taxes, remuneration and social security | 45 | €39,145 | €30,498 | -€8,647 | -22.1% |
| Taxes | 450/3 | €39,145 | €30,498 | -€8,647 | -22.1% |
| Other amounts payable | 47/48 | €1,744 | €583 | -€1,161 | -66.6% |
| Accrued charges and deferred income | 492/3 | - | €386 | +€386 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,896 | €12,090 | +€194 | +1.6% |
| Other operating charges | 640/8 | €5,893 | €2,963 | -€2,929 | -49.7% |
| Gross operating margin | 9900 | €60,287 | €77,903 | +€17,616 | +29.2% |
| Operating profit (loss) | 9901 | €42,498 | €62,850 | +€20,351 | +47.9% |
| Financial income | 75/76B | €8,699 | €7,540 | -€1,159 | -13.3% |
| Recurring financial income | 75 | €8,699 | €7,540 | -€1,159 | -13.3% |
| Financial charges | 65/66B | €14,531 | €12,793 | -€1,738 | -12.0% |
| Recurring financial charges | 65 | €14,531 | €12,793 | -€1,738 | -12.0% |
| Profit (loss) for the period before taxes | 9903 | €36,666 | €57,597 | +€20,931 | +57.1% |
| Income taxes | 67/77 | €10,444 | €16,568 | +€6,124 | +58.6% |
| Profit (loss) for the period | 9904 | €26,222 | €41,029 | +€14,807 | +56.5% |
| Profit (loss) for the period to be appropriated | 9905 | €26,222 | €41,029 | +€14,807 | +56.5% |
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 13 October 2026 via checked.be.