JAGUIMMO: 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.
JAGUIMMO
Largest movements
- Stocks and contracts +€868,821
new in 2025: €868,821
- Receivables within one year +€184,398
up €184,398 (+35,258%), from €523 to €184,921
of which Other amounts receivable: +€97,840
- Tangible fixed assets +€177,448
up €177,448 (+7.2%), from €2.5m to €2.6m
of which Land and buildings: +€115,020
- Cash -€143,118
down €143,118 (-57.1%), from €250,430 to €107,313
mainly Stocks and contracts (-€868,821) and Investment in fixed assets (net) (-€304,957)
- Trade debts +€1.2m
up €1.2m (+23,863%), from €4,842 to €1.2m
- Debts after one year -€161,091
down €161,091 (-19.1%), from €843,319 to €682,228
- Other debts +€98,380
up €98,380 (+6,073%), from €1,620 to €100,000
- Turnover -€194,158
no longer reported in 2025 (was €194,158)
- Gross operating margin +€30,333
up €30,333 (+18.2%), from €166,968 to €197,301
- Purchases and services -€27,190
no longer reported in 2025 (was €27,190)
- Other operating charges +€4,893
up €4,893 (+14.4%), from €34,078 to €38,971
- Depreciation +€4,310
up €4,310 (+3.5%), from €123,198 to €127,508
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 | €2,705,016 | €3,792,566 | +€1.1m | +40.2% |
| Fixed assets | 21/28 | €2,454,063 | €2,631,511 | +€177,448 | +7.2% |
| Tangible fixed assets | 22/27 | €2,454,063 | €2,631,511 | +€177,448 | +7.2% |
| Land and buildings | 22 | €2,454,063 | €2,569,083 | +€115,020 | +4.7% |
| Furniture and vehicles | 24 | - | €62,429 | +€62,429 | |
| Current assets | 29/58 | €250,953 | €1,161,054 | +€910,101 | +363% |
| Stocks and contracts in progress | 3 | - | €868,821 | +€868,821 | |
| Stocks | 30/36 | - | €868,821 | +€868,821 | |
| Amounts receivable within one year | 40/41 | €523 | €184,921 | +€184,398 | +35,258% |
| Trade receivables | 40 | - | €86,557 | +€86,557 | |
| Other amounts receivable | 41 | €523 | €98,363 | +€97,840 | +18,708% |
| Cash at bank and in hand | 54/58 | €250,430 | €107,313 | -€143,118 | -57.1% |
| Total equity and liabilities | 10/49 | €2,705,016 | €3,792,566 | +€1.1m | +40.2% |
| Equity | 10/15 | €1,500,460 | €1,502,943 | +€2,483 | +0.2% |
| Contributions | 10/11 | €151,349 | €151,349 | +€0 | 0.0% |
| Capital | 10 | €151,349 | €151,349 | +€0 | 0.0% |
| Issued capital | 100 | €151,349 | €151,349 | +€0 | 0.0% |
| Reserves | 13 | €1,186,407 | €1,163,320 | -€23,087 | -1.9% |
| Non-distributable reserves | 130/1 | €15,135 | €15,135 | -€0 | 0.0% |
| Legal reserve | 130 | €15,135 | €15,135 | -€0 | 0.0% |
| Tax-exempt reserves | 132 | €249,975 | €226,888 | -€23,087 | -9.2% |
| Distributable reserves | 133 | €921,297 | €921,297 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €162,704 | €188,274 | +€25,570 | +15.7% |
| Provisions and deferred taxes | 16 | €173,460 | €157,439 | -€16,021 | -9.2% |
| Deferred taxes | 168 | €173,460 | €157,439 | -€16,021 | -9.2% |
| Amounts payable | 17/49 | €1,031,096 | €2,132,183 | +€1.1m | +107% |
| Amounts payable after more than one year | 17 | €843,319 | €682,228 | -€161,091 | -19.1% |
| Financial debts | 170/4 | €843,319 | €682,228 | -€161,091 | -19.1% |
| Amounts payable within one year | 42/48 | €187,777 | €1,448,899 | +€1.3m | +672% |
| Current portion of amounts payable after more than one year | 42 | €156,092 | €161,092 | +€5,000 | +3.2% |
| Trade debts | 44 | €4,842 | €1,160,298 | +€1.2m | +23,863% |
| Suppliers | 440/4 | €4,842 | €1,160,298 | +€1.2m | +23,863% |
| Taxes, remuneration and social security | 45 | €25,223 | €27,509 | +€2,286 | +9.1% |
| Taxes | 450/3 | €25,223 | €27,509 | +€2,286 | +9.1% |
| Other amounts payable | 47/48 | €1,620 | €100,000 | +€98,380 | +6,073% |
| Accrued charges and deferred income | 492/3 | - | €1,057 | +€1,057 | |
| Turnover | 70 | €194,158 | - | -€194,158 | |
| Goods, raw materials, services and sundry goods | 60/61 | €27,190 | - | -€27,190 | |
| Remuneration, social security and pensions | 62 | - | €384 | +€384 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €123,198 | €127,508 | +€4,310 | +3.5% |
| Other operating charges | 640/8 | €34,078 | €38,971 | +€4,893 | +14.4% |
| Gross operating margin | 9900 | €166,968 | €197,301 | +€30,333 | +18.2% |
| Operating profit (loss) | 9901 | €9,692 | €30,437 | +€20,745 | +214% |
| Financial income | 75/76B | - | €768 | +€768 | |
| Recurring financial income | 75 | - | €768 | +€768 | |
| Financial charges | 65/66B | €34,553 | €34,436 | -€117 | -0.3% |
| Recurring financial charges | 65 | €34,553 | €34,436 | -€117 | -0.3% |
| Profit (loss) for the period before taxes | 9903 | -€24,861 | -€3,231 | +€21,630 | +87.0% |
| Transfer from deferred taxes | 780 | €16,020 | €16,020 | +€0 | 0.0% |
| Income taxes | 67/77 | €10,847 | €10,307 | -€540 | -5.0% |
| Profit (loss) for the period | 9904 | -€19,688 | €2,483 | +€22,171 | |
| Transfer from tax-exempt reserves | 789 | €23,087 | €23,087 | +€0 | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €3,399 | €25,570 | +€22,171 | +652% |
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.