JAIC: 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.
JAIC
Largest movements
- Cash +€20,339
up €20,339 (+124.7%), from €16,307 to €36,646
mainly Other debts (+€49,638) and Net result for the year (+€20,330)
- Receivables within one year -€17,730
down €17,730 (-51.4%), from €34,467 to €16,737
of which Trade receivables: -€23,498
- Tangible fixed assets +€9,480
up €9,480 (+70.1%), from €13,515 to €22,995
of which Other tangible fixed assets: +€15,219
- Receivables after one year +€6,500
up €6,500 (+65.0%), from €10,000 to €16,500
- Deferred charges and accrued income -€1,499
down €1,499 (-44.2%), from €3,389 to €1,890
- Other debts +€49,638
up €49,638 (+2738.2%), from €1,813 to €51,451
- Reserves -€31,121
down €31,121 (-40.9%), from €76,009 to €44,888
- Current portion of long-term debt -€3,688
down €3,688 (-66.4%), from €5,552 to €1,864
- Accrued charges and deferred income +€3,397
up €3,397 (+145.8%), from €2,330 to €5,728
- Tax, wage and social debts +€3,072
up €3,072 (+192.8%), from €1,594 to €4,666
- Gross operating margin +€11,689
up €11,689 (+43.3%), from €26,997 to €38,686
- Taxes +€4,072
up €4,072 (+86.9%), from €4,684 to €8,756
- Depreciation +€644
up €644 (+8.0%), from €8,095 to €8,740
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 | €97,708 | €114,778 | +€17,070 | +17.5% |
| Fixed assets | 21/28 | €13,665 | €23,145 | +€9,480 | +69.4% |
| Tangible fixed assets | 22/27 | €13,515 | €22,995 | +€9,480 | +70.1% |
| Plant, machinery and equipment | 23 | €2,213 | €1,099 | -€1,113 | -50.3% |
| Furniture and vehicles | 24 | €9,656 | €5,030 | -€4,626 | -47.9% |
| Other tangible fixed assets | 26 | €1,647 | €16,866 | +€15,219 | +924.3% |
| Financial fixed assets | 28 | €150 | €150 | = | 0.0% |
| Current assets | 29/58 | €84,043 | €91,633 | +€7,590 | +9.0% |
| Amounts receivable after more than one year | 29 | €10,000 | €16,500 | +€6,500 | +65.0% |
| Other amounts receivable | 291 | €10,000 | €16,500 | +€6,500 | +65.0% |
| Stocks and contracts in progress | 3 | €19,880 | €19,860 | -€20 | -0.1% |
| Stocks | 30/36 | €19,880 | €19,860 | -€20 | -0.1% |
| Amounts receivable within one year | 40/41 | €34,467 | €16,737 | -€17,730 | -51.4% |
| Trade receivables | 40 | €31,847 | €8,350 | -€23,498 | -73.8% |
| Other amounts receivable | 41 | €2,620 | €8,388 | +€5,768 | +220.2% |
| Cash at bank and in hand | 54/58 | €16,307 | €36,646 | +€20,339 | +124.7% |
| Deferred charges and accrued income | 490/1 | €3,389 | €1,890 | -€1,499 | -44.2% |
| Total equity and liabilities | 10/49 | €97,708 | €114,778 | +€17,070 | +17.5% |
| Equity | 10/15 | €77,009 | €45,888 | -€31,121 | -40.4% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €76,009 | €44,888 | -€31,121 | -40.9% |
| Distributable reserves | 133 | €76,009 | €44,888 | -€31,121 | -40.9% |
| Amounts payable | 17/49 | €20,700 | €68,890 | +€48,191 | +232.8% |
| Amounts payable after more than one year | 17 | €1,864 | - | -€1,864 | |
| Financial debts | 170/4 | €1,864 | - | -€1,864 | |
| Amounts payable within one year | 42/48 | €16,506 | €63,163 | +€46,657 | +282.7% |
| Current portion of amounts payable after more than one year | 42 | €5,552 | €1,864 | -€3,688 | -66.4% |
| Financial debts | 43 | €0 | - | = | |
| Credit institutions | 430/8 | €0 | - | = | |
| Trade debts | 44 | €7,547 | €5,182 | -€2,366 | -31.3% |
| Suppliers | 440/4 | €7,547 | €5,182 | -€2,366 | -31.3% |
| Taxes, remuneration and social security | 45 | €1,594 | €4,666 | +€3,072 | +192.8% |
| Taxes | 450/3 | €1,594 | €4,666 | +€3,072 | +192.8% |
| Other amounts payable | 47/48 | €1,813 | €51,451 | +€49,638 | +2738.2% |
| Accrued charges and deferred income | 492/3 | €2,330 | €5,728 | +€3,397 | +145.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,095 | €8,740 | +€644 | +8.0% |
| Other operating charges | 640/8 | €961 | €1,127 | +€166 | +17.3% |
| Gross operating margin | 9900 | €26,997 | €38,686 | +€11,689 | +43.3% |
| Operating profit (loss) | 9901 | €17,941 | €28,820 | +€10,879 | +60.6% |
| Financial income | 75/76B | €200 | €477 | +€277 | +138.7% |
| Recurring financial income | 75 | €200 | €477 | +€277 | +138.7% |
| Financial charges | 65/66B | €421 | €211 | -€210 | -49.8% |
| Recurring financial charges | 65 | €421 | €211 | -€210 | -49.8% |
| Profit (loss) for the period before taxes | 9903 | €17,720 | €29,086 | +€11,367 | +64.1% |
| Income taxes | 67/77 | €4,684 | €8,756 | +€4,072 | +86.9% |
| Profit (loss) for the period | 9904 | €13,036 | €20,330 | +€7,294 | +56.0% |
| Profit (loss) for the period to be appropriated | 9905 | €13,036 | €20,330 | +€7,294 | +56.0% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.