JAJO: what changed
JAJO
Largest movements
- Cash -€29,269
down €29,269 (-74.9%), from €39,090 to €9,821
mainly Contributions, distributions and other (-€49,780) and Other debts (-€25,254)
- Tangible fixed assets -€10,998
down €10,998 (-40.3%), from €27,277 to €16,278
of which Other tangible fixed assets: -€6,316
- Current investments -€3,776
down €3,776 (-1.8%), from €215,499 to €211,723
- Receivables within one year +€3,273
up €3,273 (+28.6%), from €11,443 to €14,716
of which Other amounts receivable: +€2,139
- Other debts -€25,254
down €25,254 (-71.2%), from €35,448 to €10,194
- Reserves -€16,676
down €16,676 (-9.0%), from €184,845 to €168,169
of which Distributable reserves: -€16,676
- Gross operating margin -€28,314
down €28,314 (-36.3%), from €77,961 to €49,648
- Financial income +€18,601
up €18,601 (+814%), from €2,284 to €20,885
- Taxes -€1,402
down €1,402 (-6.1%), from €23,123 to €21,721
- Financial charges +€1,153
up €1,153 (+47.6%), from €2,423 to €3,576
- Other operating charges -€897
down €897 (-44.2%), from €2,030 to €1,133
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 | €293,808 | €253,038 | -€40,770 | -13.9% |
| Fixed assets | 21/28 | €27,777 | €16,778 | -€10,998 | -39.6% |
| Tangible fixed assets | 22/27 | €27,277 | €16,278 | -€10,998 | -40.3% |
| Plant, machinery and equipment | 23 | €8,249 | €3,567 | -€4,682 | -56.8% |
| Other tangible fixed assets | 26 | €19,028 | €12,711 | -€6,316 | -33.2% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €266,031 | €236,259 | -€29,772 | -11.2% |
| Amounts receivable within one year | 40/41 | €11,443 | €14,716 | +€3,273 | +28.6% |
| Trade receivables | 40 | €9,270 | €10,404 | +€1,134 | +12.2% |
| Other amounts receivable | 41 | €2,173 | €4,312 | +€2,139 | +98.4% |
| Current investments | 50/53 | €215,499 | €211,723 | -€3,776 | -1.8% |
| Cash at bank and in hand | 54/58 | €39,090 | €9,821 | -€29,269 | -74.9% |
| Total equity and liabilities | 10/49 | €293,808 | €253,038 | -€40,770 | -13.9% |
| Equity | 10/15 | €247,204 | €230,529 | -€16,676 | -6.7% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €184,845 | €168,169 | -€16,676 | -9.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €178,645 | €161,969 | -€16,676 | -9.3% |
| Profit (loss) carried forward | 14 | €359 | €359 | = | 0.0% |
| Amounts payable | 17/49 | €46,604 | €22,509 | -€24,095 | -51.7% |
| Amounts payable within one year | 42/48 | €46,604 | €22,509 | -€24,095 | -51.7% |
| Trade debts | 44 | €3,866 | €5,693 | +€1,827 | +47.3% |
| Suppliers | 440/4 | €3,866 | €5,693 | +€1,827 | +47.3% |
| Taxes, remuneration and social security | 45 | €7,290 | €6,623 | -€667 | -9.2% |
| Taxes | 450/3 | €6,290 | €4,623 | -€1,667 | -26.5% |
| Remuneration and social security | 454/9 | €1,000 | €2,000 | +€1,000 | +100% |
| Other amounts payable | 47/48 | €35,448 | €10,194 | -€25,254 | -71.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,365 | €10,998 | -€367 | -3.2% |
| Other operating charges | 640/8 | €2,030 | €1,133 | -€897 | -44.2% |
| Gross operating margin | 9900 | €77,961 | €49,648 | -€28,314 | -36.3% |
| Operating profit (loss) | 9901 | €64,567 | €37,516 | -€27,050 | -41.9% |
| Financial income | 75/76B | €2,284 | €20,885 | +€18,601 | +814% |
| Recurring financial income | 75 | €2,284 | €20,885 | +€18,601 | +814% |
| Financial charges | 65/66B | €2,423 | €3,576 | +€1,153 | +47.6% |
| Recurring financial charges | 65 | €2,423 | €3,576 | +€1,153 | +47.6% |
| Profit (loss) for the period before taxes | 9903 | €64,428 | €54,825 | -€9,602 | -14.9% |
| Income taxes | 67/77 | €23,123 | €21,721 | -€1,402 | -6.1% |
| Profit (loss) for the period | 9904 | €41,305 | €33,104 | -€8,201 | -19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €41,305 | €33,104 | -€8,201 | -19.9% |
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 5 November 2026 via checked.be.