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 +€200,000
new in 2025: €200,000
- Cash +€107,740
up €107,740 (+970.3%), from €11,104 to €118,844
mainly Net result for the year (+€214,084) and Other debts (+€162,515)
- Tangible fixed assets -€92,689
down €92,689 (-77.7%), from €119,340 to €26,651
of which Land and buildings: -€81,183
- Receivables within one year -€33,073
down €33,073 (-98.0%), from €33,746 to €673
- Other debts +€162,515
up €162,515 (+139.7%), from €116,326 to €278,841
- Tax, wage and social debts +€18,236
up €18,236 (+500.3%), from €3,645 to €21,881
of which Taxes: +€18,236
- Turnover -€271,615
no longer reported in 2025 (was €271,615)
- Purchases and services -€123,191
no longer reported in 2025 (was €123,191)
- Gross operating margin +€118,422
up €118,422 (+66.2%), from €178,841 to €297,263
- Taxes +€33,183
up €33,183 (+97.2%), from €34,147 to €67,330
- Depreciation -€11,362
down €11,362 (-42.4%), from €26,814 to €15,452
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 | €180,751 | €362,768 | +€182,017 | +100.7% |
| Fixed assets | 21/28 | €119,340 | €26,651 | -€92,689 | -77.7% |
| Tangible fixed assets | 22/27 | €119,340 | €26,651 | -€92,689 | -77.7% |
| Land and buildings | 22 | €81,183 | €0 | -€81,183 | -100.0% |
| Plant, machinery and equipment | 23 | €0 | €672 | +€672 | |
| Furniture and vehicles | 24 | €4,845 | €1,142 | -€3,703 | -76.4% |
| Other tangible fixed assets | 26 | €33,312 | €24,837 | -€8,475 | -25.4% |
| Current assets | 29/58 | €61,411 | €336,117 | +€274,706 | +447.3% |
| Amounts receivable within one year | 40/41 | €33,746 | €673 | -€33,073 | -98.0% |
| Other amounts receivable | 41 | €33,746 | €673 | -€33,073 | -98.0% |
| Current investments | 50/53 | - | €200,000 | +€200,000 | |
| Cash at bank and in hand | 54/58 | €11,104 | €118,844 | +€107,740 | +970.3% |
| Deferred charges and accrued income | 490/1 | €16,561 | €16,600 | +€39 | +0.2% |
| Total equity and liabilities | 10/49 | €180,751 | €362,768 | +€182,017 | +100.7% |
| Equity | 10/15 | €55,812 | €55,896 | +€84 | +0.2% |
| Contributions | 10/11 | €49,600 | €49,600 | = | 0.0% |
| Reserves | 13 | €5,580 | €5,580 | = | 0.0% |
| Non-distributable reserves | 130/1 | €5,580 | €5,580 | = | 0.0% |
| Reserves not available under the articles | 1311 | €5,580 | €5,580 | = | 0.0% |
| Profit (loss) carried forward | 14 | €632 | €716 | +€84 | +13.3% |
| Amounts payable | 17/49 | €124,939 | €306,872 | +€181,933 | +145.6% |
| Amounts payable within one year | 42/48 | €124,939 | €306,872 | +€181,933 | +145.6% |
| Trade debts | 44 | €4,968 | €6,150 | +€1,182 | +23.8% |
| Suppliers | 440/4 | €4,968 | €6,150 | +€1,182 | +23.8% |
| Taxes, remuneration and social security | 45 | €3,645 | €21,881 | +€18,236 | +500.3% |
| Taxes | 450/3 | €3,645 | €21,881 | +€18,236 | +500.3% |
| Remuneration and social security | 454/9 | - | €0 | = | |
| Other amounts payable | 47/48 | €116,326 | €278,841 | +€162,515 | +139.7% |
| Turnover | 70 | €271,615 | - | -€271,615 | |
| Goods, raw materials, services and sundry goods | 60/61 | €123,191 | - | -€123,191 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,814 | €15,452 | -€11,362 | -42.4% |
| Other operating charges | 640/8 | €3,985 | €2,061 | -€1,924 | -48.3% |
| Gross operating margin | 9900 | €178,841 | €297,263 | +€118,422 | +66.2% |
| Operating profit (loss) | 9901 | €148,042 | €279,750 | +€131,708 | +89.0% |
| Financial income | 75/76B | €1,229 | €2,152 | +€923 | +75.1% |
| Recurring financial income | 75 | €1,229 | €2,152 | +€923 | +75.1% |
| Financial charges | 65/66B | €479 | €488 | +€9 | +1.9% |
| Recurring financial charges | 65 | €479 | €488 | +€9 | +1.9% |
| Profit (loss) for the period before taxes | 9903 | €148,792 | €281,414 | +€132,622 | +89.1% |
| Income taxes | 67/77 | €34,147 | €67,330 | +€33,183 | +97.2% |
| Profit (loss) for the period | 9904 | €114,645 | €214,084 | +€99,439 | +86.7% |
| Profit (loss) for the period to be appropriated | 9905 | €114,645 | €214,084 | +€99,439 | +86.7% |
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 8 October 2026 via checked.be.