JAGO CONSTRUCT: 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 CONSTRUCT
Largest movements
- Cash -€237,332
down €237,332 (-52.7%), from €450,361 to €213,029
mainly Investment in fixed assets (net) (-€247,952) and Receivables within one year (-€65,980)
- Tangible fixed assets +€204,757
up €204,757 (+29.5%), from €694,074 to €898,832
of which Land and buildings: +€116,467
- Receivables within one year +€65,980
up €65,980 (+75.1%), from €87,908 to €153,888
of which Other amounts receivable: +€112,334
- Debts after one year +€127,478
up €127,478 (+29.3%), from €435,687 to €563,165
- Current portion of long-term debt -€57,150
down €57,150 (-49.8%), from €114,828 to €57,678
- Reserves -€44,057
down €44,057 (-8.0%), from €554,023 to €509,966
of which Distributable reserves: -€42,197
- Gross operating margin -€167,417
down €167,417 (-86.7%), from €193,024 to €25,608
- Staff costs -€127,774
down €127,774, from €125,755 to -€2,019
- Financial charges -€5,447
down €5,447 (-21.6%), from €25,246 to €19,799
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 | €1,238,604 | €1,266,801 | +€28,197 | +2.3% |
| Fixed assets | 21/28 | €694,838 | €899,443 | +€204,605 | +29.4% |
| Tangible fixed assets | 22/27 | €694,074 | €898,832 | +€204,757 | +29.5% |
| Land and buildings | 22 | €666,852 | €783,319 | +€116,467 | +17.5% |
| Plant, machinery and equipment | 23 | €2,875 | €69,130 | +€66,255 | +2304.2% |
| Furniture and vehicles | 24 | €1,445 | €30,911 | +€29,466 | +2039.3% |
| Leasing and similar rights | 25 | €22,902 | €15,472 | -€7,430 | -32.4% |
| Financial fixed assets | 28 | €764 | €612 | -€153 | -20.0% |
| Current assets | 29/58 | €543,766 | €367,358 | -€176,408 | -32.4% |
| Stocks and contracts in progress | 3 | €0 | - | = | |
| Stocks | 30/36 | €0 | - | = | |
| Contracts in progress | 37 | €0 | - | = | |
| Amounts receivable within one year | 40/41 | €87,908 | €153,888 | +€65,980 | +75.1% |
| Trade receivables | 40 | €59,708 | €13,354 | -€46,353 | -77.6% |
| Other amounts receivable | 41 | €28,200 | €140,534 | +€112,334 | +398.3% |
| Cash at bank and in hand | 54/58 | €450,361 | €213,029 | -€237,332 | -52.7% |
| Deferred charges and accrued income | 490/1 | €5,497 | €441 | -€5,056 | -92.0% |
| Total equity and liabilities | 10/49 | €1,238,604 | €1,266,801 | +€28,197 | +2.3% |
| Equity | 10/15 | €672,623 | €628,566 | -€44,057 | -6.6% |
| Contributions | 10/11 | €118,600 | €118,600 | = | 0.0% |
| Reserves | 13 | €554,023 | €509,966 | -€44,057 | -8.0% |
| Non-distributable reserves | 130/1 | €1,860 | €0 | -€1,860 | -100.0% |
| Reserves not available under the articles | 1311 | €1,860 | €0 | -€1,860 | -100.0% |
| Distributable reserves | 133 | €552,163 | €509,966 | -€42,197 | -7.6% |
| Profit (loss) carried forward | 14 | €0 | - | = | |
| Amounts payable | 17/49 | €565,981 | €638,236 | +€72,255 | +12.8% |
| Amounts payable after more than one year | 17 | €435,687 | €563,165 | +€127,478 | +29.3% |
| Financial debts | 170/4 | €435,687 | €563,165 | +€127,478 | +29.3% |
| Amounts payable within one year | 42/48 | €130,294 | €71,992 | -€58,302 | -44.7% |
| Current portion of amounts payable after more than one year | 42 | €114,828 | €57,678 | -€57,150 | -49.8% |
| Trade debts | 44 | €3,632 | €1,470 | -€2,162 | -59.5% |
| Suppliers | 440/4 | €3,632 | €1,470 | -€2,162 | -59.5% |
| Taxes, remuneration and social security | 45 | €11,834 | €12,844 | +€1,010 | +8.5% |
| Taxes | 450/3 | €9,087 | €12,844 | +€3,757 | +41.3% |
| Remuneration and social security | 454/9 | €2,747 | €0 | -€2,747 | -100.0% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €0 | €3,079 | +€3,079 | |
| Non-recurring operating income | 76A | €77,286 | €0 | -€77,286 | -100.0% |
| Remuneration, social security and pensions | 62 | €125,755 | -€2,019 | -€127,774 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €41,764 | €43,347 | +€1,583 | +3.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €0 | - | = | |
| Other operating charges | 640/8 | €8,513 | €8,829 | +€316 | +3.7% |
| Non-recurring operating charges | 66A | €54,349 | €1,445 | -€52,904 | -97.3% |
| Gross operating margin | 9900 | €193,024 | €25,608 | -€167,417 | -86.7% |
| Operating profit (loss) | 9901 | -€37,356 | -€25,994 | +€11,362 | +30.4% |
| Financial income | 75/76B | €3,224 | €1,736 | -€1,488 | -46.2% |
| Recurring financial income | 75 | €3,224 | €1,736 | -€1,488 | -46.2% |
| Financial charges | 65/66B | €25,246 | €19,799 | -€5,447 | -21.6% |
| Recurring financial charges | 65 | €25,246 | €19,799 | -€5,447 | -21.6% |
| Profit (loss) for the period before taxes | 9903 | -€59,379 | -€44,057 | +€15,321 | +25.8% |
| Income taxes | 67/77 | €951 | €0 | -€951 | -100.0% |
| Profit (loss) for the period | 9904 | -€60,330 | -€44,057 | +€16,273 | +27.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€60,330 | -€44,057 | +€16,273 | +27.0% |
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.