JAJRAG: 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.
JAJRAG
Largest movements
- Stocks and contracts +€6,725
new in 2025: €6,725
- Cash +€2,588
up €2,588 (+1,120%), from €231 to €2,819
mainly Other debts (+€6,007) and Tax, wage and social debts (+€3,505)
- Other debts +€6,007
up €6,007 (+1,367%), from €440 to €6,446
- Tax, wage and social debts +€3,505
up €3,505 (+23,828%), from €15 to €3,520
- Profit (loss) carried forward +€2,581
up €2,581 (+35.1%), from -€7,352 to -€4,771
- Debts after one year -€1,987
no longer reported in 2025 (was €1,987)
- Current portion of long-term debt -€1,483
down €1,483 (-47.9%), from €3,098 to €1,615
- Gross operating margin +€43,359
up €43,359 (+672%), from €6,451 to €49,810
- Staff costs +€43,108
up €43,108 (+2,870%), from €1,502 to €44,610
- Financial charges +€644
up €644 (+901%), from €71 to €716
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 | €22,353 | €32,072 | +€9,719 | +43.5% |
| Fixed assets | 21/28 | €12,601 | €12,916 | +€315 | +2.5% |
| Tangible fixed assets | 22/27 | €9,994 | €10,309 | +€315 | +3.2% |
| Plant, machinery and equipment | 23 | €9,978 | €8,478 | -€1,500 | -15.0% |
| Furniture and vehicles | 24 | €16 | €1,831 | +€1,815 | +11,215% |
| Financial fixed assets | 28 | €2,607 | €2,607 | = | 0.0% |
| Current assets | 29/58 | €9,753 | €19,156 | +€9,404 | +96.4% |
| Stocks and contracts in progress | 3 | - | €6,725 | +€6,725 | |
| Stocks | 30/36 | - | €6,725 | +€6,725 | |
| Amounts receivable within one year | 40/41 | €9,522 | €9,612 | +€91 | +1.0% |
| Trade receivables | 40 | €8,826 | €3,439 | -€5,387 | -61.0% |
| Other amounts receivable | 41 | €695 | €6,173 | +€5,478 | +788% |
| Cash at bank and in hand | 54/58 | €231 | €2,819 | +€2,588 | +1,120% |
| Total equity and liabilities | 10/49 | €22,353 | €32,072 | +€9,719 | +43.5% |
| Equity | 10/15 | €10,648 | €13,229 | +€2,581 | +24.2% |
| Contributions | 10/11 | €18,000 | €18,000 | = | 0.0% |
| Capital | 10 | €18,000 | - | -€18,000 | |
| Issued capital | 100 | €18,000 | - | -€18,000 | |
| Profit (loss) carried forward | 14 | -€7,352 | -€4,771 | +€2,581 | +35.1% |
| Amounts payable | 17/49 | €11,705 | €18,843 | +€7,138 | +61.0% |
| Amounts payable after more than one year | 17 | €1,987 | - | -€1,987 | |
| Financial debts | 170/4 | €1,987 | - | -€1,987 | |
| Amounts payable within one year | 42/48 | €9,719 | €18,843 | +€9,124 | +93.9% |
| Current portion of amounts payable after more than one year | 42 | €3,098 | €1,615 | -€1,483 | -47.9% |
| Trade debts | 44 | €6,167 | €7,262 | +€1,096 | +17.8% |
| Suppliers | 440/4 | €6,167 | €7,262 | +€1,096 | +17.8% |
| Taxes, remuneration and social security | 45 | €15 | €3,520 | +€3,505 | +23,828% |
| Taxes | 450/3 | €15 | €3,520 | +€3,505 | +23,828% |
| Other amounts payable | 47/48 | €440 | €6,446 | +€6,007 | +1,367% |
| Remuneration, social security and pensions | 62 | €1,502 | €44,610 | +€43,108 | +2,870% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,887 | €1,755 | -€132 | -7.0% |
| Other operating charges | 640/8 | €88 | €149 | +€61 | +69.0% |
| Gross operating margin | 9900 | €6,451 | €49,810 | +€43,359 | +672% |
| Operating profit (loss) | 9901 | €2,974 | €3,296 | +€323 | +10.8% |
| Financial charges | 65/66B | €71 | €716 | +€644 | +901% |
| Recurring financial charges | 65 | €71 | €716 | +€644 | +901% |
| Profit (loss) for the period before taxes | 9903 | €2,902 | €2,581 | -€322 | -11.1% |
| Profit (loss) for the period | 9904 | €2,902 | €2,581 | -€322 | -11.1% |
| Profit (loss) for the period to be appropriated | 9905 | €2,902 | €2,581 | -€322 | -11.1% |
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.