JAGO: 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.
JAGO
Largest movements
- Cash -€31,348
down €31,348 (-32.8%), from €95,638 to €64,290
mainly Other debts (-€34,365) and Investment in fixed assets (net) (-€21,666)
- Receivables within one year -€20,171
down €20,171 (-28.2%), from €71,582 to €51,411
of which Trade receivables: -€20,022
- Tangible fixed assets +€18,111
up €18,111 (+7.4%), from €245,082 to €263,193
of which Furniture and vehicles: +€20,911
- Stocks and contracts -€6,792
down €6,792 (-9.7%), from €69,960 to €63,168
of which Contracts in progress: -€6,800
- Other debts -€34,365
down €34,365 (-14.5%), from €237,199 to €202,834
- Trade debts -€21,039
down €21,039 (-64.0%), from €32,851 to €11,813
- Profit (loss) carried forward +€14,415
up €14,415 (+51.0%), from -€28,257 to -€13,843
- Gross operating margin -€59,823
down €59,823 (-79.3%), from €75,417 to €15,594
- Financial income +€26,359
up €26,359 (+65,898,400%), from €0 to €26,359
- Write-downs +€12,304
new in 2025: €12,304
- Financial charges -€1,121
down €1,121 (-74.7%), from €1,502 to €380
- Other operating charges -€1,050
down €1,050 (-8.5%), from €12,351 to €11,300
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 | €482,263 | €442,063 | -€40,200 | -8.3% |
| Fixed assets | 21/28 | €245,082 | €263,193 | +€18,111 | +7.4% |
| Tangible fixed assets | 22/27 | €245,082 | €263,193 | +€18,111 | +7.4% |
| Land and buildings | 22 | €234,000 | €234,000 | = | 0.0% |
| Plant, machinery and equipment | 23 | €10,038 | €7,238 | -€2,800 | -27.9% |
| Furniture and vehicles | 24 | €1,044 | €21,956 | +€20,911 | +2,002% |
| Current assets | 29/58 | €237,181 | €178,869 | -€58,311 | -24.6% |
| Stocks and contracts in progress | 3 | €69,960 | €63,168 | -€6,792 | -9.7% |
| Stocks | 30/36 | €63,160 | €63,168 | +€8 | 0.0% |
| Contracts in progress | 37 | €6,800 | - | -€6,800 | |
| Amounts receivable within one year | 40/41 | €71,582 | €51,411 | -€20,171 | -28.2% |
| Trade receivables | 40 | €70,445 | €50,423 | -€20,022 | -28.4% |
| Other amounts receivable | 41 | €1,137 | €988 | -€150 | -13.1% |
| Cash at bank and in hand | 54/58 | €95,638 | €64,290 | -€31,348 | -32.8% |
| Total equity and liabilities | 10/49 | €482,263 | €442,063 | -€40,200 | -8.3% |
| Equity | 10/15 | €211,219 | €225,633 | +€14,415 | +6.8% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Revaluation surpluses | 12 | €200,534 | €200,534 | = | 0.0% |
| Reserves | 13 | €14,152 | €14,152 | = | 0.0% |
| Tax-exempt reserves | 132 | €1,459 | €1,459 | = | 0.0% |
| Distributable reserves | 133 | €12,693 | €12,693 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€28,257 | -€13,843 | +€14,415 | +51.0% |
| Amounts payable | 17/49 | €271,044 | €216,430 | -€54,615 | -20.1% |
| Amounts payable within one year | 42/48 | €271,044 | €214,821 | -€56,223 | -20.7% |
| Trade debts | 44 | €32,851 | €11,813 | -€21,039 | -64.0% |
| Suppliers | 440/4 | €32,851 | €11,813 | -€21,039 | -64.0% |
| Taxes, remuneration and social security | 45 | €994 | €174 | -€819 | -82.5% |
| Taxes | 450/3 | €994 | €174 | -€819 | -82.5% |
| Other amounts payable | 47/48 | €237,199 | €202,834 | -€34,365 | -14.5% |
| Accrued charges and deferred income | 492/3 | - | €1,608 | +€1,608 | |
| Non-recurring operating income | 76A | €1,240 | - | -€1,240 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,099 | €3,555 | +€456 | +14.7% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €12,304 | +€12,304 | |
| Other operating charges | 640/8 | €12,351 | €11,300 | -€1,050 | -8.5% |
| Non-recurring operating charges | 66A | €10,174 | - | -€10,174 | |
| Gross operating margin | 9900 | €75,417 | €15,594 | -€59,823 | -79.3% |
| Operating profit (loss) | 9901 | €49,794 | -€11,565 | -€61,358 | |
| Financial income | 75/76B | €0 | €26,359 | +€26,359 | +65,898,400% |
| Recurring financial income | 75 | €0 | €26,359 | +€26,359 | +65,898,400% |
| Financial charges | 65/66B | €1,502 | €380 | -€1,121 | -74.7% |
| Recurring financial charges | 65 | €1,502 | €380 | -€1,121 | -74.7% |
| Profit (loss) for the period before taxes | 9903 | €48,292 | €14,415 | -€33,878 | -70.2% |
| Income taxes | 67/77 | €174 | - | -€174 | |
| Profit (loss) for the period | 9904 | €48,118 | €14,415 | -€33,703 | -70.0% |
| Profit (loss) for the period to be appropriated | 9905 | €48,118 | €14,415 | -€33,703 | -70.0% |
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 15 October 2026 via checked.be.