JAGRO: 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.
JAGRO
Largest movements
- Stocks and contracts -€127,542
down €127,542 (-49.0%), from €260,041 to €132,500
of which Contracts in progress: -€113,115
- Receivables within one year -€38,872
down €38,872 (-9.2%), from €421,505 to €382,632
of which Other amounts receivable: -€26,128
- Tangible fixed assets -€35,193
down €35,193 (-6.2%), from €571,563 to €536,371
of which Land and buildings: -€24,176
- Intangible fixed assets -€18,414
down €18,414 (-27.0%), from €68,183 to €49,769
- Trade debts -€148,696
down €148,696 (-32.6%), from €456,285 to €307,589
- Debts after one year -€44,171
down €44,171 (-11.0%), from €401,703 to €357,532
- Reserves +€35,767
up €35,767 (+47.6%), from €75,169 to €110,936
- Current portion of long-term debt -€30,252
down €30,252 (-41.3%), from €73,339 to €43,087
- Short-term financial debts -€20,291
down €20,291 (-5.8%), from €350,000 to €329,709
- Gross operating margin +€193,481
up €193,481 (+346%), from €55,961 to €249,442
- Financial income +€20,038
up €20,038 (+485%), from €4,129 to €24,166
- Write-downs +€17,323
up €17,323, from -€1,807 to €15,516
- Financial charges -€11,827
down €11,827 (-27.5%), from €43,077 to €31,250
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 | €1,415,121 | €1,186,348 | -€228,773 | -16.2% |
| Fixed assets | 21/28 | €641,346 | €587,739 | -€53,607 | -8.4% |
| Intangible fixed assets | 21 | €68,183 | €49,769 | -€18,414 | -27.0% |
| Tangible fixed assets | 22/27 | €571,563 | €536,371 | -€35,193 | -6.2% |
| Land and buildings | 22 | €519,756 | €495,580 | -€24,176 | -4.7% |
| Plant, machinery and equipment | 23 | €4,023 | €6,175 | +€2,152 | +53.5% |
| Furniture and vehicles | 24 | €20,462 | €15,351 | -€5,111 | -25.0% |
| Leasing and similar rights | 25 | €27,323 | €19,265 | -€8,058 | -29.5% |
| Financial fixed assets | 28 | €1,600 | €1,600 | = | 0.0% |
| Current assets | 29/58 | €773,775 | €598,608 | -€175,166 | -22.6% |
| Stocks and contracts in progress | 3 | €260,041 | €132,500 | -€127,542 | -49.0% |
| Stocks | 30/36 | €135,458 | €121,031 | -€14,427 | -10.7% |
| Contracts in progress | 37 | €124,583 | €11,469 | -€113,115 | -90.8% |
| Amounts receivable within one year | 40/41 | €421,505 | €382,632 | -€38,872 | -9.2% |
| Trade receivables | 40 | €364,316 | €351,571 | -€12,745 | -3.5% |
| Other amounts receivable | 41 | €57,189 | €31,061 | -€26,128 | -45.7% |
| Cash at bank and in hand | 54/58 | €77,260 | €76,713 | -€547 | -0.7% |
| Deferred charges and accrued income | 490/1 | €14,969 | €6,763 | -€8,206 | -54.8% |
| Total equity and liabilities | 10/49 | €1,415,121 | €1,186,348 | -€228,773 | -16.2% |
| Equity | 10/15 | €110,169 | €145,936 | +€35,767 | +32.5% |
| Contributions | 10/11 | €35,000 | €35,000 | = | 0.0% |
| Reserves | 13 | €75,169 | €110,936 | +€35,767 | +47.6% |
| Distributable reserves | 133 | €75,169 | €110,936 | +€35,767 | +47.6% |
| Amounts payable | 17/49 | €1,304,951 | €1,040,411 | -€264,540 | -20.3% |
| Amounts payable after more than one year | 17 | €401,703 | €357,532 | -€44,171 | -11.0% |
| Financial debts | 170/4 | €401,703 | €357,532 | -€44,171 | -11.0% |
| Amounts payable within one year | 42/48 | €901,698 | €682,879 | -€218,819 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €73,339 | €43,087 | -€30,252 | -41.3% |
| Financial debts | 43 | €350,000 | €329,709 | -€20,291 | -5.8% |
| Credit institutions | 430/8 | €350,000 | €329,709 | -€20,291 | -5.8% |
| Trade debts | 44 | €456,285 | €307,589 | -€148,696 | -32.6% |
| Suppliers | 440/4 | €456,285 | €307,589 | -€148,696 | -32.6% |
| Taxes, remuneration and social security | 45 | €20,242 | €663 | -€19,579 | -96.7% |
| Taxes | 450/3 | €13,952 | €611 | -€13,341 | -95.6% |
| Remuneration and social security | 454/9 | €6,290 | €52 | -€6,238 | -99.2% |
| Other amounts payable | 47/48 | €1,832 | €1,832 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | €1,550 | €0 | -€1,550 | -100% |
| Remuneration, social security and pensions | 62 | €111,518 | €112,997 | +€1,479 | +1.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,978 | €59,157 | +€179 | +0.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,807 | €15,516 | +€17,323 | |
| Other operating charges | 640/8 | €4,133 | €5,244 | +€1,111 | +26.9% |
| Non-recurring operating charges | 66A | €9,071 | €13,677 | +€4,606 | +50.8% |
| Gross operating margin | 9900 | €55,961 | €249,442 | +€193,481 | +346% |
| Operating profit (loss) | 9901 | -€125,932 | €42,851 | +€168,783 | |
| Financial income | 75/76B | €4,129 | €24,166 | +€20,038 | +485% |
| Recurring financial income | 75 | €4,129 | €24,166 | +€20,038 | +485% |
| Financial charges | 65/66B | €43,077 | €31,250 | -€11,827 | -27.5% |
| Recurring financial charges | 65 | €43,077 | €31,250 | -€11,827 | -27.5% |
| Profit (loss) for the period before taxes | 9903 | -€164,880 | €35,767 | +€200,647 | |
| Income taxes | 67/77 | €0 | - | = | |
| Profit (loss) for the period | 9904 | -€164,880 | €35,767 | +€200,647 | |
| Profit (loss) for the period to be appropriated | 9905 | -€164,880 | €35,767 | +€200,647 |
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 14 October 2026 via checked.be.