JAHACO: what changed
JAHACO
Largest movements
- Current investments -€75,000
down €75,000 (-27.3%), from €275,000 to €200,000
- Cash +€36,621
up €36,621 (+151%), from €24,275 to €60,896
mainly Current investments (+€75,000) and Net result for the year (+€22,288)
- Receivables within one year +€11,991
up €11,991 (+400%), from €2,995 to €14,986
of which Other amounts receivable: +€12,899
- Tangible fixed assets -€8,707
down €8,707 (-18.8%), from €46,220 to €37,513
- Reserves -€26,262
down €26,262 (-10.9%), from €240,763 to €214,501
- Other debts -€11,646
down €11,646 (-20.0%), from €58,284 to €46,638
- Gross operating margin -€43,468
down €43,468 (-53.7%), from €80,948 to €37,480
- Taxes -€10,413
down €10,413 (-52.0%), from €20,008 to €9,595
- Financial income +€5,045
up €5,045 (+145%), from €3,469 to €8,514
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €350,905 | €315,327 | -€35,578 | -10.1% |
| Fixed assets | 21/28 | €46,220 | €37,513 | -€8,707 | -18.8% |
| Tangible fixed assets | 22/27 | €46,220 | €37,513 | -€8,707 | -18.8% |
| Furniture and vehicles | 24 | €46,220 | €37,513 | -€8,707 | -18.8% |
| Current assets | 29/58 | €304,685 | €277,814 | -€26,871 | -8.8% |
| Amounts receivable within one year | 40/41 | €2,995 | €14,986 | +€11,991 | +400% |
| Trade receivables | 40 | €2,995 | €2,087 | -€908 | -30.3% |
| Other amounts receivable | 41 | - | €12,899 | +€12,899 | |
| Current investments | 50/53 | €275,000 | €200,000 | -€75,000 | -27.3% |
| Cash at bank and in hand | 54/58 | €24,275 | €60,896 | +€36,621 | +151% |
| Deferred charges and accrued income | 490/1 | €2,415 | €1,932 | -€483 | -20.0% |
| Total equity and liabilities | 10/49 | €350,905 | €315,327 | -€35,578 | -10.1% |
| Equity | 10/15 | €265,018 | €238,756 | -€26,262 | -9.9% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €240,763 | €214,501 | -€26,262 | -10.9% |
| Distributable reserves | 133 | €240,763 | €214,501 | -€26,262 | -10.9% |
| Profit (loss) carried forward | 14 | €18,055 | €18,055 | +€0 | 0.0% |
| Provisions and deferred taxes | 16 | €9,777 | €9,777 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €9,777 | €9,777 | = | 0.0% |
| Pensions and similar obligations | 160 | €9,777 | €9,777 | = | 0.0% |
| Amounts payable | 17/49 | €76,111 | €66,794 | -€9,317 | -12.2% |
| Amounts payable within one year | 42/48 | €74,747 | €65,244 | -€9,503 | -12.7% |
| Trade debts | 44 | €3,876 | €3,689 | -€187 | -4.8% |
| Suppliers | 440/4 | €3,876 | €3,689 | -€187 | -4.8% |
| Taxes, remuneration and social security | 45 | €12,587 | €14,917 | +€2,330 | +18.5% |
| Taxes | 450/3 | €12,587 | €14,917 | +€2,330 | +18.5% |
| Other amounts payable | 47/48 | €58,284 | €46,638 | -€11,646 | -20.0% |
| Accrued charges and deferred income | 492/3 | €1,364 | €1,550 | +€186 | +13.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,077 | €13,513 | +€436 | +3.3% |
| Other operating charges | 640/8 | €576 | €528 | -€48 | -8.4% |
| Gross operating margin | 9900 | €80,948 | €37,480 | -€43,468 | -53.7% |
| Operating profit (loss) | 9901 | €67,295 | €23,439 | -€43,856 | -65.2% |
| Financial income | 75/76B | €3,469 | €8,514 | +€5,045 | +145% |
| Recurring financial income | 75 | €3,469 | €8,514 | +€5,045 | +145% |
| Financial charges | 65/66B | €78 | €70 | -€8 | -10.2% |
| Recurring financial charges | 65 | €78 | €70 | -€8 | -10.2% |
| Profit (loss) for the period before taxes | 9903 | €70,686 | €31,883 | -€38,803 | -54.9% |
| Income taxes | 67/77 | €20,008 | €9,595 | -€10,413 | -52.0% |
| Profit (loss) for the period | 9904 | €50,678 | €22,288 | -€28,390 | -56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €50,678 | €22,288 | -€28,390 | -56.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 3 November 2026 via checked.be.