JAGIMMO: 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.
JAGIMMO
Largest movements
- Stocks and contracts -€635,000
down €635,000 (-39.8%), from €1.6m to €959,000
- Cash -€565,893
down €565,893 (-99.5%), from €568,653 to €2,760
mainly Short-term financial debts (-€682,625) and Investment in fixed assets (net) (-€285,760)
- Financial fixed assets +€186,561
up €186,561 (+29.6%), from €630,996 to €817,557
- Receivables within one year -€125,393
down €125,393 (-11.2%), from €1.1m to €992,537
of which Other amounts receivable: -€159,536
- Tangible fixed assets +€96,144
up €96,144 (+4.4%), from €2.2m to €2.3m
of which Furniture and vehicles: +€75,588
- Short-term financial debts -€682,625
down €682,625 (-81.4%), from €838,156 to €155,531
- Reserves -€247,297
down €247,297 (-14.8%), from €1.7m to €1.4m
of which Distributable reserves: -€247,297
- Tax, wage and social debts -€75,745
down €75,745 (-37.9%), from €199,849 to €124,105
- Financial charges -€3.8m
down €3.8m (-98.3%), from €3.9m to €66,738
of which Non-recurring financial charges: -€3.8m
- Gross operating margin -€417,534
down €417,534, from €187,379 to -€230,155
- Financial income +€5,675
up €5,675 (+11.5%), from €49,480 to €55,155
- Depreciation +€3,055
new in 2025: €3,055
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 | €6,106,608 | €5,062,184 | -€1.0m | -17.1% |
| Fixed assets | 21/28 | €2,824,396 | €3,107,101 | +€282,705 | +10.0% |
| Tangible fixed assets | 22/27 | €2,193,400 | €2,289,544 | +€96,144 | +4.4% |
| Land and buildings | 22 | €2,193,400 | €2,193,400 | = | 0.0% |
| Furniture and vehicles | 24 | - | €75,588 | +€75,588 | |
| Other tangible fixed assets | 26 | - | €20,556 | +€20,556 | |
| Financial fixed assets | 28 | €630,996 | €817,557 | +€186,561 | +29.6% |
| Current assets | 29/58 | €3,282,212 | €1,955,083 | -€1.3m | -40.4% |
| Stocks and contracts in progress | 3 | €1,594,000 | €959,000 | -€635,000 | -39.8% |
| Stocks | 30/36 | €1,594,000 | €959,000 | -€635,000 | -39.8% |
| Amounts receivable within one year | 40/41 | €1,117,930 | €992,537 | -€125,393 | -11.2% |
| Trade receivables | 40 | €5,500 | €39,643 | +€34,143 | +621% |
| Other amounts receivable | 41 | €1,112,430 | €952,894 | -€159,536 | -14.3% |
| Cash at bank and in hand | 54/58 | €568,653 | €2,760 | -€565,893 | -99.5% |
| Deferred charges and accrued income | 490/1 | €1,629 | €787 | -€842 | -51.7% |
| Total equity and liabilities | 10/49 | €6,106,608 | €5,062,184 | -€1.0m | -17.1% |
| Equity | 10/15 | €5,029,479 | €4,782,182 | -€247,297 | -4.9% |
| Contributions | 10/11 | €3,358,000 | €3,358,000 | = | 0.0% |
| Capital | 10 | €3,358,000 | €3,358,000 | = | 0.0% |
| Issued capital | 100 | €3,358,000 | €3,358,000 | = | 0.0% |
| Reserves | 13 | €1,671,479 | €1,424,182 | -€247,297 | -14.8% |
| Non-distributable reserves | 130/1 | €335,800 | €335,800 | = | 0.0% |
| Legal reserve | 130 | €335,800 | €335,800 | = | 0.0% |
| Distributable reserves | 133 | €1,335,679 | €1,088,382 | -€247,297 | -18.5% |
| Amounts payable | 17/49 | €1,077,129 | €280,002 | -€797,127 | -74.0% |
| Amounts payable within one year | 42/48 | €1,077,129 | €280,002 | -€797,127 | -74.0% |
| Financial debts | 43 | €838,156 | €155,531 | -€682,625 | -81.4% |
| Credit institutions | 430/8 | €838,156 | €155,531 | -€682,625 | -81.4% |
| Trade debts | 44 | €38,493 | - | -€38,493 | |
| Suppliers | 440/4 | €38,493 | - | -€38,493 | |
| Taxes, remuneration and social security | 45 | €199,849 | €124,105 | -€75,745 | -37.9% |
| Taxes | 450/3 | €199,849 | €124,105 | -€75,745 | -37.9% |
| Other amounts payable | 47/48 | €630 | €366 | -€264 | -42.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €3,055 | +€3,055 | |
| Other operating charges | 640/8 | €2,461 | €2,504 | +€42 | +1.7% |
| Gross operating margin | 9900 | €187,379 | -€230,155 | -€417,534 | |
| Operating profit (loss) | 9901 | €184,918 | -€235,714 | -€420,631 | |
| Financial income | 75/76B | €49,480 | €55,155 | +€5,675 | +11.5% |
| Recurring financial income | 75 | €49,480 | €55,155 | +€5,675 | +11.5% |
| Financial charges | 65/66B | €3,902,755 | €66,738 | -€3.8m | -98.3% |
| Recurring financial charges | 65 | €77,515 | €66,738 | -€10,777 | -13.9% |
| Non-recurring financial charges | 66B | €3,825,240 | - | -€3.8m | |
| Profit (loss) for the period before taxes | 9903 | -€3,668,357 | -€247,297 | +€3.4m | +93.3% |
| Profit (loss) for the period | 9904 | -€3,668,357 | -€247,297 | +€3.4m | +93.3% |
| Profit (loss) for the period to be appropriated | 9905 | -€3,668,357 | -€247,297 | +€3.4m | +93.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.