JAM JAM: 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.
JAM JAM
Largest movements
- Tangible fixed assets +€249,246
up €249,246 (+168.1%), from €148,304 to €397,550
of which Land and buildings: +€249,431
- Cash -€7,094
down €7,094 (-19.2%), from €36,905 to €29,811
mainly Investment in fixed assets (net) (-€264,150) and Net result for the year (-€14,636)
- Debts after one year +€123,423
up €123,423 (+2006.9%), from €6,150 to €129,573
of which Financial debts: +€123,423
- Other debts +€118,233
up €118,233 (+305.0%), from €38,770 to €157,002
- Current portion of long-term debt +€17,626
new in 2025: €17,626
- Reserves -€14,636
down €14,636 (-13.5%), from €108,179 to €93,543
of which Distributable reserves: -€14,636
- Gross operating margin -€32,078
down €32,078 (-83.0%), from €38,651 to €6,573
- Depreciation +€3,844
up €3,844 (+34.8%), from €11,060 to €14,904
- Financial charges +€2,223
up €2,223 (+1273.7%), from €175 to €2,398
- Financial income +€421
new in 2025: €421
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 | €187,210 | €428,955 | +€241,745 | +129.1% |
| Fixed assets | 21/28 | €148,304 | €397,550 | +€249,246 | +168.1% |
| Tangible fixed assets | 22/27 | €148,304 | €397,550 | +€249,246 | +168.1% |
| Land and buildings | 22 | €147,760 | €397,191 | +€249,431 | +168.8% |
| Plant, machinery and equipment | 23 | €544 | €360 | -€185 | -34.0% |
| Current assets | 29/58 | €38,905 | €31,405 | -€7,501 | -19.3% |
| Amounts receivable within one year | 40/41 | €479 | - | -€479 | |
| Trade receivables | 40 | €479 | - | -€479 | |
| Cash at bank and in hand | 54/58 | €36,905 | €29,811 | -€7,094 | -19.2% |
| Deferred charges and accrued income | 490/1 | €1,522 | €1,594 | +€71 | +4.7% |
| Total equity and liabilities | 10/49 | €187,210 | €428,955 | +€241,745 | +129.1% |
| Equity | 10/15 | €132,968 | €118,332 | -€14,636 | -11.0% |
| Contributions | 10/11 | €24,789 | €24,789 | = | 0.0% |
| Reserves | 13 | €108,179 | €93,543 | -€14,636 | -13.5% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Distributable reserves | 133 | €105,700 | €91,064 | -€14,636 | -13.8% |
| Amounts payable | 17/49 | €54,241 | €310,623 | +€256,381 | +472.7% |
| Amounts payable after more than one year | 17 | €6,150 | €129,573 | +€123,423 | +2006.9% |
| Financial debts | 170/4 | - | €123,423 | +€123,423 | |
| Other amounts payable | 178/9 | €6,150 | €6,150 | = | 0.0% |
| Amounts payable within one year | 42/48 | €48,091 | €181,050 | +€132,959 | +276.5% |
| Current portion of amounts payable after more than one year | 42 | - | €17,626 | +€17,626 | |
| Trade debts | 44 | €9,322 | €6,422 | -€2,900 | -31.1% |
| Suppliers | 440/4 | €9,322 | €6,422 | -€2,900 | -31.1% |
| Other amounts payable | 47/48 | €38,770 | €157,002 | +€118,233 | +305.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,060 | €14,904 | +€3,844 | +34.8% |
| Other operating charges | 640/8 | €4,171 | €4,328 | +€157 | +3.8% |
| Gross operating margin | 9900 | €38,651 | €6,573 | -€32,078 | -83.0% |
| Operating profit (loss) | 9901 | €23,420 | -€12,659 | -€36,079 | |
| Financial income | 75/76B | - | €421 | +€421 | |
| Recurring financial income | 75 | - | €421 | +€421 | |
| Financial charges | 65/66B | €175 | €2,398 | +€2,223 | +1273.7% |
| Recurring financial charges | 65 | €175 | €2,398 | +€2,223 | +1273.7% |
| Profit (loss) for the period before taxes | 9903 | €23,246 | -€14,636 | -€37,882 | |
| Profit (loss) for the period | 9904 | €23,246 | -€14,636 | -€37,882 | |
| Profit (loss) for the period to be appropriated | 9905 | €23,246 | -€14,636 | -€37,882 |
Source: filed annual accounts (NBB), fiscal years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.