JALGO: what changed
Two fiscal 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.
JALGO
Largest movements
- Tangible fixed assets +€167,479
up €167,479 (+15.6%), from €1.1m to €1.2m
of which Leasing and similar rights: +€228,562
- Cash +€154,609
up €154,609 (+123.9%), from €124,784 to €279,393
mainly Depreciation (+€259,776) and Net result for the year (+€201,171)
- Receivables within one year +€33,989
up €33,989 (+10.1%), from €334,961 to €368,950
of which Trade receivables: +€31,644
- Profit (loss) carried forward +€146,000
up €146,000 (+29.1%), from €501,181 to €647,181
- Debts after one year +€93,158
up €93,158 (+14.8%), from €630,079 to €723,238
- Reserves +€55,171
up €55,171 (+2966.2%), from €1,860 to €57,031
of which Tax-exempt reserves: +€55,171
- Tax, wage and social debts +€34,659
up €34,659 (+47.5%), from €72,978 to €107,637
of which Taxes: +€30,008
- Other debts +€23,044
up €23,044 (+93.7%), from €24,595 to €47,640
- Gross operating margin +€230,069
up €230,069 (+44.4%), from €518,468 to €748,538
- Staff costs +€70,126
up €70,126 (+49.9%), from €140,667 to €210,793
- Other operating charges +€22,868
up €22,868 (+216.1%), from €10,582 to €33,450
- Taxes +€17,551
up €17,551 (+87.0%), from €20,178 to €37,729
- Financial income +€14,562
up €14,562 (+49.5%), from €29,432 to €43,994
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 | €1,584,154 | €1,963,001 | +€378,847 | +23.9% |
| Fixed assets | 21/28 | €1,071,182 | €1,238,661 | +€167,479 | +15.6% |
| Tangible fixed assets | 22/27 | €1,070,887 | €1,238,366 | +€167,479 | +15.6% |
| Land and buildings | 22 | €362,040 | €339,551 | -€22,489 | -6.2% |
| Plant, machinery and equipment | 23 | €668,344 | €637,636 | -€30,708 | -4.6% |
| Furniture and vehicles | 24 | €24,980 | €17,095 | -€7,885 | -31.6% |
| Leasing and similar rights | 25 | €15,523 | €244,085 | +€228,562 | +1472.4% |
| Financial fixed assets | 28 | €295 | €295 | = | 0.0% |
| Current assets | 29/58 | €512,971 | €724,339 | +€211,368 | +41.2% |
| Stocks and contracts in progress | 3 | €38,437 | €45,142 | +€6,705 | +17.4% |
| Stocks | 30/36 | €38,437 | €45,142 | +€6,705 | +17.4% |
| Amounts receivable within one year | 40/41 | €334,961 | €368,950 | +€33,989 | +10.1% |
| Trade receivables | 40 | €301,957 | €333,602 | +€31,644 | +10.5% |
| Other amounts receivable | 41 | €33,003 | €35,348 | +€2,345 | +7.1% |
| Cash at bank and in hand | 54/58 | €124,784 | €279,393 | +€154,609 | +123.9% |
| Deferred charges and accrued income | 490/1 | €14,790 | €30,855 | +€16,065 | +108.6% |
| Total equity and liabilities | 10/49 | €1,584,154 | €1,963,001 | +€378,847 | +23.9% |
| Equity | 10/15 | €509,241 | €710,412 | +€201,171 | +39.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €1,860 | €57,031 | +€55,171 | +2966.2% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Tax-exempt reserves | 132 | - | €55,171 | +€55,171 | |
| Profit (loss) carried forward | 14 | €501,181 | €647,181 | +€146,000 | +29.1% |
| Provisions and deferred taxes | 16 | - | €18,390 | +€18,390 | |
| Deferred taxes | 168 | - | €18,390 | +€18,390 | |
| Amounts payable | 17/49 | €1,074,913 | €1,234,198 | +€159,286 | +14.8% |
| Amounts payable after more than one year | 17 | €630,079 | €723,238 | +€93,158 | +14.8% |
| Financial debts | 170/4 | €630,079 | €723,238 | +€93,158 | +14.8% |
| Amounts payable within one year | 42/48 | €444,833 | €510,960 | +€66,127 | +14.9% |
| Current portion of amounts payable after more than one year | 42 | €221,290 | €225,115 | +€3,825 | +1.7% |
| Trade debts | 44 | €125,971 | €130,569 | +€4,598 | +3.7% |
| Suppliers | 440/4 | €125,971 | €130,569 | +€4,598 | +3.7% |
| Taxes, remuneration and social security | 45 | €72,978 | €107,637 | +€34,659 | +47.5% |
| Taxes | 450/3 | €62,274 | €92,282 | +€30,008 | +48.2% |
| Remuneration and social security | 454/9 | €10,704 | €15,355 | +€4,651 | +43.4% |
| Other amounts payable | 47/48 | €24,595 | €47,640 | +€23,044 | +93.7% |
| Non-recurring operating income | 76A | - | €80,601 | +€80,601 | |
| Remuneration, social security and pensions | 62 | €140,667 | €210,793 | +€70,126 | +49.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €265,649 | €259,776 | -€5,873 | -2.2% |
| Other operating charges | 640/8 | €10,582 | €33,450 | +€22,868 | +216.1% |
| Gross operating margin | 9900 | €518,468 | €748,538 | +€230,069 | +44.4% |
| Operating profit (loss) | 9901 | €101,571 | €244,518 | +€142,948 | +140.7% |
| Financial income | 75/76B | €29,432 | €43,994 | +€14,562 | +49.5% |
| Recurring financial income | 75 | €29,432 | €43,994 | +€14,562 | +49.5% |
| Financial charges | 65/66B | €25,775 | €31,222 | +€5,448 | +21.1% |
| Recurring financial charges | 65 | €25,775 | €31,222 | +€5,448 | +21.1% |
| Profit (loss) for the period before taxes | 9903 | €105,228 | €257,290 | +€152,062 | +144.5% |
| Transfer from deferred taxes | 780 | - | €319 | +€319 | |
| Transfer to deferred taxes | 680 | - | €18,709 | +€18,709 | |
| Income taxes | 67/77 | €20,178 | €37,729 | +€17,551 | +87.0% |
| Profit (loss) for the period | 9904 | €85,051 | €201,171 | +€116,121 | +136.5% |
| Transfer from tax-exempt reserves | 789 | - | €956 | +€956 | |
| Transfer to tax-exempt reserves | 689 | - | €56,127 | +€56,127 | |
| Profit (loss) for the period to be appropriated | 9905 | €85,051 | €146,000 | +€60,950 | +71.7% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.