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
- Tangible fixed assets -€11,585
down €11,585 (-37.2%), from €31,178 to €19,593
of which Furniture and vehicles: -€8,206
- Cash -€2,428
down €2,428 (-23.0%), from €10,557 to €8,129
mainly Other debts (-€26,505) and Contributions, distributions and other (-€23,000)
- Receivables within one year +€2,064
up €2,064 (+7.5%), from €27,426 to €29,490
of which Other amounts receivable: +€1,304
- Other debts -€26,505
down €26,505 (-73.7%), from €35,982 to €9,477
- Debts after one year +€23,681
up €23,681 (+2589.5%), from €914 to €24,595
- Reserves -€13,463
down €13,463 (-57.2%), from €23,547 to €10,084
- Current portion of long-term debt +€5,410
up €5,410 (+594.9%), from €909 to €6,319
- Trade debts -€1,989
down €1,989 (-74.8%), from €2,659 to €670
- Gross operating margin +€4,316
up €4,316 (+21.1%), from €20,482 to €24,798
- Depreciation -€2,323
down €2,323 (-21.8%), from €10,666 to €8,343
- Taxes +€1,372
up €1,372 (+59.0%), from €2,324 to €3,696
- Other operating charges +€711
up €711 (+97.1%), from €733 to €1,444
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 | €70,462 | €58,504 | -€11,959 | -17.0% |
| Formation expenses | 20 | €0 | - | = | |
| Fixed assets | 21/28 | €31,178 | €19,593 | -€11,585 | -37.2% |
| Tangible fixed assets | 22/27 | €31,178 | €19,593 | -€11,585 | -37.2% |
| Plant, machinery and equipment | 23 | €3,380 | €0 | -€3,380 | -100.0% |
| Furniture and vehicles | 24 | €27,798 | €19,593 | -€8,206 | -29.5% |
| Current assets | 29/58 | €39,284 | €38,911 | -€373 | -1.0% |
| Amounts receivable within one year | 40/41 | €27,426 | €29,490 | +€2,064 | +7.5% |
| Trade receivables | 40 | €27,426 | €28,186 | +€760 | +2.8% |
| Other amounts receivable | 41 | €0 | €1,304 | +€1,304 | |
| Cash at bank and in hand | 54/58 | €10,557 | €8,129 | -€2,428 | -23.0% |
| Deferred charges and accrued income | 490/1 | €1,301 | €1,292 | -€9 | -0.7% |
| Total equity and liabilities | 10/49 | €70,462 | €58,504 | -€11,959 | -17.0% |
| Equity | 10/15 | €25,547 | €12,084 | -€13,463 | -52.7% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €23,547 | €10,084 | -€13,463 | -57.2% |
| Distributable reserves | 133 | €23,547 | €10,084 | -€13,463 | -57.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €44,915 | €46,419 | +€1,504 | +3.3% |
| Amounts payable after more than one year | 17 | €914 | €24,595 | +€23,681 | +2589.5% |
| Financial debts | 170/4 | €914 | €24,595 | +€23,681 | +2589.5% |
| Amounts payable within one year | 42/48 | €42,355 | €20,028 | -€22,327 | -52.7% |
| Current portion of amounts payable after more than one year | 42 | €909 | €6,319 | +€5,410 | +594.9% |
| Trade debts | 44 | €2,659 | €670 | -€1,989 | -74.8% |
| Suppliers | 440/4 | €2,659 | €670 | -€1,989 | -74.8% |
| Taxes, remuneration and social security | 45 | €2,805 | €3,561 | +€757 | +27.0% |
| Taxes | 450/3 | €2,805 | €3,561 | +€757 | +27.0% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €35,982 | €9,477 | -€26,505 | -73.7% |
| Accrued charges and deferred income | 492/3 | €1,646 | €1,796 | +€150 | +9.1% |
| Non-recurring operating income | 76A | - | €52 | +€52 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,666 | €8,343 | -€2,323 | -21.8% |
| Other operating charges | 640/8 | €733 | €1,444 | +€711 | +97.1% |
| Gross operating margin | 9900 | €20,482 | €24,798 | +€4,316 | +21.1% |
| Operating profit (loss) | 9901 | €9,083 | €15,011 | +€5,928 | +65.3% |
| Financial income | 75/76B | €0 | €5 | +€5 | +49900.0% |
| Recurring financial income | 75 | €0 | €5 | +€5 | +49900.0% |
| Financial charges | 65/66B | €1,734 | €1,783 | +€49 | +2.8% |
| Recurring financial charges | 65 | €1,734 | €1,783 | +€49 | +2.8% |
| Profit (loss) for the period before taxes | 9903 | €7,349 | €13,233 | +€5,884 | +80.1% |
| Income taxes | 67/77 | €2,324 | €3,696 | +€1,372 | +59.0% |
| Profit (loss) for the period | 9904 | €5,025 | €9,537 | +€4,512 | +89.8% |
| Profit (loss) for the period to be appropriated | 9905 | €5,025 | €9,537 | +€4,512 | +89.8% |
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 7 October 2026 via checked.be.