JAJEF: 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.
What changed
JAJEF
NACE 01.610, Support activities for crop production
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€128,370
2024 · -€310,471+€182,100
Equity
€4.5m
2024 · €4.6m-€128,370
Cash
€2,626
2024 · €51,913-€49,286
Balance sheet total
€12.1m
2024 · €11.9m+€256,467
Largest movements
Assets
- Tangible fixed assets +€243,422
up €243,422 (+2.1%), from €11.7m to €12.0m
of which Land and buildings: +€144,393
Equity and liabilities
- Other debts +€355,948
up €355,948 (+6.5%), from €5.5m to €5.9m
Income statement
- Gross operating margin +€98,065
up €98,065 (+28.6%), from €342,577 to €440,643
- Other operating charges -€49,059
down €49,059 (-27.1%), from €181,190 to €132,131
- Depreciation -€39,098
down €39,098 (-8.4%), from €463,214 to €424,115
- Taxes +€17,342
up €17,342 (+1,361%), from €1,274 to €18,616
- Financial charges -€10,225
down €10,225 (-100.0%), from €10,225 to €1
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.
Result 2024
-€310,471
Gross operating margin
+€98,065
Depreciation
+€39,098
Other operating charges
+€49,059
Financial income
+€4,237
Financial charges
+€10,225
Taxes
-€17,342
Deferred taxes and other
-€1,242
Result 2025
-€128,370
raises the resultlowers the resultnot broken down further in the accounts
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.
From operations
+€618,251
Investment
-€667,537
Financing
€0
Cash 2024
€51,913
From operations (derived)
+€618,251
Net result for the year
-€128,370
Depreciation
+€424,115
Receivables within one year
-€62,332
Provisions
-€1,613
Trade debts
+€16,604
Tax, wage and social debts
+€13,898
Other debts
+€355,948
Investment (derived)
-€667,537
Investment in fixed assets (net)
-€667,537
Cash 2025
€2,626
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €11,859,524 | €12,115,991 | +€256,467 | +2.2% |
| Fixed assets | 21/28 | €11,751,997 | €11,995,419 | +€243,422 | +2.1% |
| Tangible fixed assets | 22/27 | €11,749,977 | €11,993,399 | +€243,422 | +2.1% |
| Land and buildings | 22 | €11,704,096 | €11,848,489 | +€144,393 | +1.2% |
| Plant, machinery and equipment | 23 | €14,730 | €58,271 | +€43,541 | +296% |
| Furniture and vehicles | 24 | €31,151 | €86,639 | +€55,488 | +178% |
| Financial fixed assets | 28 | €2,020 | €2,020 | = | 0.0% |
| Current assets | 29/58 | €107,527 | €120,572 | +€13,045 | +12.1% |
| Amounts receivable within one year | 40/41 | €45,049 | €107,381 | +€62,332 | +138% |
| Trade receivables | 40 | €28,064 | €107,381 | +€79,317 | +283% |
| Other amounts receivable | 41 | €16,985 | €0 | -€16,985 | -100% |
| Current investments | 50/53 | €6,053 | €6,053 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €51,913 | €2,626 | -€49,286 | -94.9% |
| Deferred charges and accrued income | 490/1 | €4,512 | €4,512 | = | 0.0% |
| Total equity and liabilities | 10/49 | €11,859,524 | €12,115,991 | +€256,467 | +2.2% |
| Equity | 10/15 | €4,635,402 | €4,507,032 | -€128,370 | -2.8% |
| Contributions | 10/11 | €126,500 | €126,500 | = | 0.0% |
| Capital | 10 | €126,500 | €126,500 | = | 0.0% |
| Issued capital | 100 | €126,500 | €126,500 | = | 0.0% |
| Reserves | 13 | €1,895,565 | €1,886,999 | -€8,566 | -0.5% |
| Non-distributable reserves | 130/1 | €12,650 | €12,650 | = | 0.0% |
| Legal reserve | 130 | €12,650 | €12,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €179,954 | €171,388 | -€8,566 | -4.8% |
| Distributable reserves | 133 | €1,702,961 | €1,702,961 | = | 0.0% |
| Profit (loss) carried forward | 14 | €2,613,336 | €2,493,532 | -€119,804 | -4.6% |
| Provisions and deferred taxes | 16 | €59,985 | €58,372 | -€1,613 | -2.7% |
| Deferred taxes | 168 | €59,985 | €58,372 | -€1,613 | -2.7% |
| Amounts payable | 17/49 | €7,164,138 | €7,550,588 | +€386,451 | +5.4% |
| Amounts payable after more than one year | 17 | €1,500,000 | €1,500,000 | = | 0.0% |
| Financial debts | 170/4 | €1,500,000 | €1,500,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €5,508,862 | €5,895,312 | +€386,451 | +7.0% |
| Trade debts | 44 | €0 | €16,604 | +€16,604 | |
| Suppliers | 440/4 | €0 | €16,604 | +€16,604 | |
| Taxes, remuneration and social security | 45 | €2,342 | €16,240 | +€13,898 | +593% |
| Taxes | 450/3 | €2,342 | €16,240 | +€13,898 | +593% |
| Other amounts payable | 47/48 | €5,506,520 | €5,862,468 | +€355,948 | +6.5% |
| Accrued charges and deferred income | 492/3 | €155,276 | €155,276 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €463,214 | €424,115 | -€39,098 | -8.4% |
| Other operating charges | 640/8 | €181,190 | €132,131 | -€49,059 | -27.1% |
| Gross operating margin | 9900 | €342,577 | €440,643 | +€98,065 | +28.6% |
| Operating profit (loss) | 9901 | -€301,827 | -€115,604 | +€186,223 | +61.7% |
| Financial income | 75/76B | €0 | €4,237 | +€4,237 | +21,184,600% |
| Recurring financial income | 75 | €0 | €4,237 | +€4,237 | +21,184,600% |
| Financial charges | 65/66B | €10,225 | €1 | -€10,225 | -100.0% |
| Recurring financial charges | 65 | €10,225 | €1 | -€10,225 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | -€312,052 | -€111,367 | +€200,685 | +64.3% |
| Transfer from deferred taxes | 780 | €2,855 | €1,613 | -€1,242 | -43.5% |
| Income taxes | 67/77 | €1,274 | €18,616 | +€17,342 | +1,361% |
| Profit (loss) for the period | 9904 | -€310,471 | -€128,370 | +€182,100 | +58.7% |
| Transfer from tax-exempt reserves | 789 | €8,566 | €8,566 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€301,904 | -€119,804 | +€182,100 | +60.3% |
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 13 October 2026 via checked.be.