JAGIOS: what changed
Two fiscal 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.
JAGIOS
Largest movements
- Tangible fixed assets -€137,803
down €137,803 (-2.8%), from €4.9m to €4.7m
of which Land and buildings: -€144,212
- Cash +€86,026
up €86,026 (+173.4%), from €49,609 to €135,634
mainly Depreciation (+€172,520) and Accrued charges and deferred income (+€80,127)
- Debts after one year -€106,681
down €106,681 (-3.9%), from €2.7m to €2.6m
- Accrued charges and deferred income +€80,127
up €80,127 (+96.2%), from €83,297 to €163,424
- Depreciation -€510,244
down €510,244 (-74.7%), from €682,764 to €172,520
- Gross operating margin +€205,757
up €205,757 (+127.7%), from €161,091 to €366,848
- Financial charges +€48,734
up €48,734 (+39.5%), from €123,401 to €172,135
- Other operating charges +€4,771
up €4,771 (+108.7%), from €4,388 to €9,159
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 | €5,232,378 | €5,174,470 | -€57,908 | -1.1% |
| Fixed assets | 21/28 | €5,075,040 | €4,937,237 | -€137,803 | -2.7% |
| Tangible fixed assets | 22/27 | €4,876,540 | €4,738,737 | -€137,803 | -2.8% |
| Land and buildings | 22 | €4,772,425 | €4,628,213 | -€144,212 | -3.0% |
| Plant, machinery and equipment | 23 | €7,975 | €30,324 | +€22,349 | +280.2% |
| Furniture and vehicles | 24 | €91,040 | €75,099 | -€15,941 | -17.5% |
| Other tangible fixed assets | 26 | €5,100 | €5,100 | = | 0.0% |
| Financial fixed assets | 28 | €198,500 | €198,500 | = | 0.0% |
| Current assets | 29/58 | €157,338 | €237,234 | +€79,896 | +50.8% |
| Amounts receivable after more than one year | 29 | €50,000 | €50,000 | = | 0.0% |
| Other amounts receivable | 291 | €50,000 | €50,000 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €51,461 | €45,213 | -€6,249 | -12.1% |
| Trade receivables | 40 | €50,956 | €44,671 | -€6,285 | -12.3% |
| Other amounts receivable | 41 | €506 | €542 | +€36 | +7.1% |
| Current investments | 50/53 | €0 | - | = | |
| Cash at bank and in hand | 54/58 | €49,609 | €135,634 | +€86,026 | +173.4% |
| Deferred charges and accrued income | 490/1 | €6,268 | €6,387 | +€119 | +1.9% |
| Total equity and liabilities | 10/49 | €5,232,378 | €5,174,470 | -€57,908 | -1.1% |
| Equity | 10/15 | €1,153,900 | €1,170,221 | +€16,322 | +1.4% |
| Contributions | 10/11 | €1,268,600 | €1,268,600 | = | 0.0% |
| Reserves | 13 | €0 | - | = | |
| Distributable reserves | 133 | €0 | - | = | |
| Profit (loss) carried forward | 14 | -€114,700 | -€98,379 | +€16,322 | +14.2% |
| Amounts payable | 17/49 | €4,078,478 | €4,004,249 | -€74,229 | -1.8% |
| Amounts payable after more than one year | 17 | €2,704,859 | €2,598,178 | -€106,681 | -3.9% |
| Financial debts | 170/4 | €2,704,859 | €2,598,178 | -€106,681 | -3.9% |
| Amounts payable within one year | 42/48 | €1,290,321 | €1,242,646 | -€47,675 | -3.7% |
| Current portion of amounts payable after more than one year | 42 | €103,165 | €106,681 | +€3,516 | +3.4% |
| Trade debts | 44 | €8,151 | €7,754 | -€397 | -4.9% |
| Suppliers | 440/4 | €8,151 | €7,754 | -€397 | -4.9% |
| Taxes, remuneration and social security | 45 | €48,985 | €23,007 | -€25,978 | -53.0% |
| Taxes | 450/3 | €48,985 | €23,007 | -€25,978 | -53.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €1,130,021 | €1,105,204 | -€24,817 | -2.2% |
| Accrued charges and deferred income | 492/3 | €83,297 | €163,424 | +€80,127 | +96.2% |
| Remuneration, social security and pensions | 62 | €55 | -€52 | -€106 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €682,764 | €172,520 | -€510,244 | -74.7% |
| Other operating charges | 640/8 | €4,388 | €9,159 | +€4,771 | +108.7% |
| Gross operating margin | 9900 | €161,091 | €366,848 | +€205,757 | +127.7% |
| Operating profit (loss) | 9901 | -€526,115 | €185,220 | +€711,336 | |
| Financial income | 75/76B | €5,477 | €3,500 | -€1,977 | -36.1% |
| Recurring financial income | 75 | €5,477 | €3,500 | -€1,977 | -36.1% |
| Financial charges | 65/66B | €123,401 | €172,135 | +€48,734 | +39.5% |
| Recurring financial charges | 65 | €123,401 | €172,135 | +€48,734 | +39.5% |
| Profit (loss) for the period before taxes | 9903 | -€644,040 | €16,585 | +€660,626 | |
| Income taxes | 67/77 | €67 | €264 | +€197 | +292.6% |
| Profit (loss) for the period | 9904 | -€644,107 | €16,322 | +€660,429 | |
| Profit (loss) for the period to be appropriated | 9905 | -€644,107 | €16,322 | +€660,429 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.