JAGO: 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.
JAGO
Largest movements
- Current investments +€237,199
up €237,199 (+115.6%), from €205,203 to €442,402
- Cash -€106,532
down €106,532 (-42.9%), from €248,507 to €141,975
mainly Current investments (-€237,199) and Trade debts (-€95,210)
- Tangible fixed assets -€99,431
down €99,431 (-10.3%), from €969,209 to €869,778
of which Land and buildings: -€93,509
- Receivables within one year -€25,673
down €25,673 (-28.8%), from €88,992 to €63,319
of which Trade receivables: -€27,497
- Trade debts -€95,210
down €95,210 (-55.6%), from €171,371 to €76,161
- Reserves +€86,875
up €86,875 (+8.1%), from €1.1m to €1.2m
of which Distributable reserves: +€86,875
- Depreciation +€96,661
up €96,661 (+260.5%), from €37,100 to €133,760
- Gross operating margin +€86,569
up €86,569 (+9.1%), from €954,063 to €1.0m
- Staff costs +€52,984
up €52,984 (+7.7%), from €686,320 to €739,304
- Taxes -€17,865
down €17,865 (-37.9%), from €47,107 to €29,242
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,750,810 | €1,747,070 | -€3,740 | -0.2% |
| Fixed assets | 21/28 | €973,149 | €874,038 | -€99,111 | -10.2% |
| Tangible fixed assets | 22/27 | €969,209 | €869,778 | -€99,431 | -10.3% |
| Land and buildings | 22 | €931,239 | €837,731 | -€93,509 | -10.0% |
| Plant, machinery and equipment | 23 | €9,269 | €13,152 | +€3,883 | +41.9% |
| Furniture and vehicles | 24 | €28,701 | €18,895 | -€9,806 | -34.2% |
| Financial fixed assets | 28 | €3,940 | €4,260 | +€320 | +8.1% |
| Current assets | 29/58 | €777,661 | €873,032 | +€95,371 | +12.3% |
| Stocks and contracts in progress | 3 | €226,953 | €221,724 | -€5,230 | -2.3% |
| Stocks | 30/36 | €226,953 | €221,724 | -€5,230 | -2.3% |
| Amounts receivable within one year | 40/41 | €88,992 | €63,319 | -€25,673 | -28.8% |
| Trade receivables | 40 | €88,992 | €61,495 | -€27,497 | -30.9% |
| Other amounts receivable | 41 | - | €1,824 | +€1,824 | |
| Current investments | 50/53 | €205,203 | €442,402 | +€237,199 | +115.6% |
| Cash at bank and in hand | 54/58 | €248,507 | €141,975 | -€106,532 | -42.9% |
| Deferred charges and accrued income | 490/1 | €8,006 | €3,613 | -€4,393 | -54.9% |
| Total equity and liabilities | 10/49 | €1,750,810 | €1,747,070 | -€3,740 | -0.2% |
| Equity | 10/15 | €1,137,028 | €1,223,903 | +€86,875 | +7.6% |
| Contributions | 10/11 | €65,000 | €65,000 | = | 0.0% |
| Capital | 10 | €65,000 | €65,000 | = | 0.0% |
| Issued capital | 100 | €65,000 | €65,000 | = | 0.0% |
| Reserves | 13 | €1,072,028 | €1,158,903 | +€86,875 | +8.1% |
| Non-distributable reserves | 130/1 | €53,100 | €53,100 | = | 0.0% |
| Legal reserve | 130 | €53,100 | €53,100 | = | 0.0% |
| Distributable reserves | 133 | €1,018,928 | €1,105,803 | +€86,875 | +8.5% |
| Amounts payable | 17/49 | €613,783 | €523,167 | -€90,615 | -14.8% |
| Amounts payable after more than one year | 17 | €300 | €300 | = | 0.0% |
| Other amounts payable | 178/9 | €300 | €300 | = | 0.0% |
| Amounts payable within one year | 42/48 | €612,633 | €520,957 | -€91,675 | -15.0% |
| Trade debts | 44 | €171,371 | €76,161 | -€95,210 | -55.6% |
| Suppliers | 440/4 | €171,371 | €76,161 | -€95,210 | -55.6% |
| Taxes, remuneration and social security | 45 | €124,222 | €121,968 | -€2,254 | -1.8% |
| Taxes | 450/3 | €14,957 | €13,371 | -€1,586 | -10.6% |
| Remuneration and social security | 454/9 | €109,265 | €108,597 | -€668 | -0.6% |
| Other amounts payable | 47/48 | €317,040 | €322,828 | +€5,788 | +1.8% |
| Accrued charges and deferred income | 492/3 | €850 | €1,910 | +€1,060 | +124.7% |
| Remuneration, social security and pensions | 62 | €686,320 | €739,304 | +€52,984 | +7.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,100 | €133,760 | +€96,661 | +260.5% |
| Other operating charges | 640/8 | €17,143 | €19,160 | +€2,017 | +11.8% |
| Gross operating margin | 9900 | €954,063 | €1,040,632 | +€86,569 | +9.1% |
| Operating profit (loss) | 9901 | €213,499 | €148,407 | -€65,092 | -30.5% |
| Financial income | 75/76B | €5,487 | €6,657 | +€1,169 | +21.3% |
| Recurring financial income | 75 | €5,487 | €6,657 | +€1,169 | +21.3% |
| Financial charges | 65/66B | €32,159 | €38,947 | +€6,788 | +21.1% |
| Recurring financial charges | 65 | €32,159 | €38,947 | +€6,788 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €186,828 | €116,117 | -€70,711 | -37.8% |
| Income taxes | 67/77 | €47,107 | €29,242 | -€17,865 | -37.9% |
| Profit (loss) for the period | 9904 | €139,721 | €86,875 | -€52,846 | -37.8% |
| Profit (loss) for the period to be appropriated | 9905 | €139,721 | €86,875 | -€52,846 | -37.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.