JAGS ONLY: 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.
JAGS ONLY
Largest movements
- Stocks and contracts -€6,237
down €6,237 (-17.1%), from €36,445 to €30,208
- Cash +€4,101
up €4,101 (+14.0%), from €29,333 to €33,434
mainly Stocks and contracts (+€6,237) and Receivables within one year (+€2,529)
- Receivables within one year -€2,529
no longer reported in 2025 (was €2,529)
- Trade debts -€1,989
down €1,989 (-57.5%), from €3,456 to €1,468
- Other debts -€1,970
down €1,970 (-71.4%), from €2,759 to €788
- Gross operating margin -€2,511
down €2,511 (-19.2%), from €13,083 to €10,572
- Depreciation -€1,060
down €1,060 (-81.9%), from €1,293 to €233
- Taxes -€668
down €668 (-70.3%), from €950 to €282
- Other operating charges +€352
up €352 (+3.7%), from €9,527 to €9,879
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 | €113,327 | €108,947 | -€4,381 | -3.9% |
| Fixed assets | 21/28 | €45,020 | €44,787 | -€233 | -0.5% |
| Tangible fixed assets | 22/27 | €44,553 | €44,319 | -€233 | -0.5% |
| Land and buildings | 22 | €44,280 | €44,280 | = | 0.0% |
| Furniture and vehicles | 24 | €273 | €40 | -€233 | -85.5% |
| Financial fixed assets | 28 | €467 | €467 | = | 0.0% |
| Current assets | 29/58 | €68,307 | €64,160 | -€4,147 | -6.1% |
| Stocks and contracts in progress | 3 | €36,445 | €30,208 | -€6,237 | -17.1% |
| Stocks | 30/36 | €36,445 | €30,208 | -€6,237 | -17.1% |
| Amounts receivable within one year | 40/41 | €2,529 | - | -€2,529 | |
| Trade receivables | 40 | €2,529 | - | -€2,529 | |
| Cash at bank and in hand | 54/58 | €29,333 | €33,434 | +€4,101 | +14.0% |
| Deferred charges and accrued income | 490/1 | - | €518 | +€518 | |
| Total equity and liabilities | 10/49 | €113,327 | €108,947 | -€4,381 | -3.9% |
| Equity | 10/15 | €102,495 | €102,497 | +€2 | 0.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,295 | €34,297 | +€2 | 0.0% |
| Amounts payable | 17/49 | €10,832 | €6,450 | -€4,382 | -40.5% |
| Amounts payable within one year | 42/48 | €10,832 | €6,450 | -€4,382 | -40.5% |
| Trade debts | 44 | €3,456 | €1,468 | -€1,989 | -57.5% |
| Suppliers | 440/4 | €3,456 | €1,468 | -€1,989 | -57.5% |
| Taxes, remuneration and social security | 45 | €4,617 | €4,194 | -€423 | -9.2% |
| Taxes | 450/3 | €4,617 | €4,194 | -€423 | -9.2% |
| Other amounts payable | 47/48 | €2,759 | €788 | -€1,970 | -71.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,293 | €233 | -€1,060 | -81.9% |
| Other operating charges | 640/8 | €9,527 | €9,879 | +€352 | +3.7% |
| Gross operating margin | 9900 | €13,083 | €10,572 | -€2,511 | -19.2% |
| Operating profit (loss) | 9901 | €2,263 | €460 | -€1,803 | -79.7% |
| Financial income | 75/76B | €1 | €131 | +€130 | +17623.0% |
| Recurring financial income | 75 | €1 | €131 | +€130 | +17623.0% |
| Financial charges | 65/66B | €300 | €307 | +€7 | +2.2% |
| Recurring financial charges | 65 | €300 | €307 | +€7 | +2.2% |
| Profit (loss) for the period before taxes | 9903 | €1,963 | €284 | -€1,679 | -85.5% |
| Income taxes | 67/77 | €950 | €282 | -€668 | -70.3% |
| Profit (loss) for the period | 9904 | €1,013 | €2 | -€1,012 | -99.9% |
| Profit (loss) for the period to be appropriated | 9905 | €1,013 | €2 | -€1,012 | -99.9% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.