JAJA: 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.
JAJA
Largest movements
- Tangible fixed assets +€42,227
new in 2025: €42,227
of which Furniture and vehicles: +€41,116
- Receivables within one year +€22,142
up €22,142 (+427%), from €5,190 to €27,332
of which Trade receivables: +€21,468
- Cash -€17,285
down €17,285 (-20.9%), from €82,884 to €65,599
mainly Investment in fixed assets (net) (-€42,335) and Receivables within one year (-€22,142)
- Trade debts +€21,468
new in 2025: €21,468
- Reserves +€16,994
up €16,994 (+31.3%), from €54,328 to €71,322
of which Distributable reserves: +€16,994
- Other debts +€9,263
up €9,263 (+37.1%), from €24,984 to €34,247
- Gross operating margin +€12,448
up €12,448 (+83.5%), from €14,910 to €27,358
- Taxes +€3,547
up €3,547 (+71.2%), from €4,978 to €8,525
- Financial charges +€1,584
up €1,584 (+3,444%), from €46 to €1,630
- Financial income +€299
up €299 (+29,872%), from €1 to €300
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 | €102,073 | €149,828 | +€47,755 | +46.8% |
| Fixed assets | 21/28 | €14,000 | €56,227 | +€42,227 | +302% |
| Tangible fixed assets | 22/27 | - | €42,227 | +€42,227 | |
| Plant, machinery and equipment | 23 | - | €1,111 | +€1,111 | |
| Furniture and vehicles | 24 | - | €41,116 | +€41,116 | |
| Financial fixed assets | 28 | €14,000 | €14,000 | = | 0.0% |
| Current assets | 29/58 | €88,073 | €93,602 | +€5,528 | +6.3% |
| Amounts receivable within one year | 40/41 | €5,190 | €27,332 | +€22,142 | +427% |
| Trade receivables | 40 | - | €21,468 | +€21,468 | |
| Other amounts receivable | 41 | €5,190 | €5,864 | +€674 | +13.0% |
| Cash at bank and in hand | 54/58 | €82,884 | €65,599 | -€17,285 | -20.9% |
| Deferred charges and accrued income | 490/1 | - | €671 | +€671 | |
| Total equity and liabilities | 10/49 | €102,073 | €149,828 | +€47,755 | +46.8% |
| Equity | 10/15 | €77,089 | €94,083 | +€16,994 | +22.0% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €54,328 | €71,322 | +€16,994 | +31.3% |
| Non-distributable reserves | 130/1 | €1,855 | €1,855 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,855 | €1,855 | = | 0.0% |
| Distributable reserves | 133 | €52,473 | €69,467 | +€16,994 | +32.4% |
| Profit (loss) carried forward | 14 | €4,211 | €4,211 | -€0 | 0.0% |
| Amounts payable | 17/49 | €24,984 | €55,745 | +€30,761 | +123% |
| Amounts payable within one year | 42/48 | €24,984 | €55,745 | +€30,761 | +123% |
| Trade debts | 44 | - | €21,468 | +€21,468 | |
| Suppliers | 440/4 | - | €21,468 | +€21,468 | |
| Taxes, remuneration and social security | 45 | - | €31 | +€31 | |
| Taxes | 450/3 | - | €31 | +€31 | |
| Other amounts payable | 47/48 | €24,984 | €34,247 | +€9,263 | +37.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €109 | +€109 | |
| Other operating charges | 640/8 | €387 | €400 | +€12 | +3.2% |
| Gross operating margin | 9900 | €14,910 | €27,358 | +€12,448 | +83.5% |
| Operating profit (loss) | 9901 | €14,523 | €26,849 | +€12,326 | +84.9% |
| Financial income | 75/76B | €1 | €300 | +€299 | +29,872% |
| Recurring financial income | 75 | €1 | €300 | +€299 | +29,872% |
| Financial charges | 65/66B | €46 | €1,630 | +€1,584 | +3,444% |
| Recurring financial charges | 65 | €46 | €1,630 | +€1,584 | +3,444% |
| Profit (loss) for the period before taxes | 9903 | €14,478 | €25,519 | +€11,041 | +76.3% |
| Income taxes | 67/77 | €4,978 | €8,525 | +€3,547 | +71.2% |
| Profit (loss) for the period | 9904 | €9,500 | €16,994 | +€7,494 | +78.9% |
| Profit (loss) for the period to be appropriated | 9905 | €9,500 | €16,994 | +€7,494 | +78.9% |
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 26 October 2026 via checked.be.