JAM PRODUCTS: 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.
JAM PRODUCTS
Largest movements
- Cash -€268,961
down €268,961 (-67.6%), from €398,011 to €129,050
mainly Tax, wage and social debts (-€187,231) and Receivables after one year (-€165,000)
- Receivables after one year +€165,000
new in 2025: €165,000
- Current investments -€84,141
down €84,141 (-62.3%), from €135,047 to €50,906
- Tangible fixed assets -€23,100
down €23,100 (-2.8%), from €838,270 to €815,171
of which Land and buildings: -€20,789
- Tax, wage and social debts -€187,231
no longer reported in 2025 (was €187,231)
- Reserves -€16,966
down €16,966 (-2.4%), from €699,147 to €682,181
of which Distributable reserves: -€16,966
- Gross operating margin +€28,775
up €28,775, from -€19,002 to €9,773
- Financial income -€27,723
down €27,723 (-65.1%), from €42,595 to €14,872
- Taxes +€3,798
up €3,798 (+1,198%), from €317 to €4,116
- Other operating charges +€3,144
up €3,144 (+232%), from €1,355 to €4,499
- Financial charges +€2,200
up €2,200 (+46.1%), from €4,774 to €6,974
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 | €1,384,351 | €1,166,579 | -€217,771 | -15.7% |
| Fixed assets | 21/28 | €838,270 | €815,171 | -€23,100 | -2.8% |
| Tangible fixed assets | 22/27 | €838,270 | €815,171 | -€23,100 | -2.8% |
| Land and buildings | 22 | €811,903 | €791,114 | -€20,789 | -2.6% |
| Plant, machinery and equipment | 23 | €24,437 | €22,423 | -€2,014 | -8.2% |
| Furniture and vehicles | 24 | €1,931 | €1,634 | -€297 | -15.4% |
| Current assets | 29/58 | €546,080 | €351,409 | -€194,671 | -35.6% |
| Amounts receivable after more than one year | 29 | - | €165,000 | +€165,000 | |
| Other amounts receivable | 291 | - | €165,000 | +€165,000 | |
| Amounts receivable within one year | 40/41 | €13,022 | €6,453 | -€6,569 | -50.4% |
| Other amounts receivable | 41 | €13,022 | €6,453 | -€6,569 | -50.4% |
| Current investments | 50/53 | €135,047 | €50,906 | -€84,141 | -62.3% |
| Cash at bank and in hand | 54/58 | €398,011 | €129,050 | -€268,961 | -67.6% |
| Total equity and liabilities | 10/49 | €1,384,351 | €1,166,579 | -€217,771 | -15.7% |
| Equity | 10/15 | €994,614 | €977,648 | -€16,966 | -1.7% |
| Contributions | 10/11 | €295,467 | €295,467 | = | 0.0% |
| Capital | 10 | €295,467 | €295,467 | = | 0.0% |
| Issued capital | 100 | €295,467 | €295,467 | = | 0.0% |
| Reserves | 13 | €699,147 | €682,181 | -€16,966 | -2.4% |
| Non-distributable reserves | 130/1 | €63,367 | €63,367 | = | 0.0% |
| Legal reserve | 130 | €63,367 | €63,367 | = | 0.0% |
| Tax-exempt reserves | 132 | €4,340 | €4,340 | = | 0.0% |
| Distributable reserves | 133 | €631,440 | €614,474 | -€16,966 | -2.7% |
| Amounts payable | 17/49 | €389,737 | €188,932 | -€200,805 | -51.5% |
| Amounts payable after more than one year | 17 | €187,614 | €176,625 | -€10,989 | -5.9% |
| Financial debts | 170/4 | €187,614 | €176,625 | -€10,989 | -5.9% |
| Amounts payable within one year | 42/48 | €202,123 | €12,307 | -€189,816 | -93.9% |
| Current portion of amounts payable after more than one year | 42 | €10,647 | €10,989 | +€342 | +3.2% |
| Trade debts | 44 | €4,245 | €1,318 | -€2,927 | -69.0% |
| Suppliers | 440/4 | €4,245 | €1,318 | -€2,927 | -69.0% |
| Taxes, remuneration and social security | 45 | €187,231 | - | -€187,231 | |
| Taxes | 450/3 | €187,231 | - | -€187,231 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €28,151 | €26,023 | -€2,129 | -7.6% |
| Other operating charges | 640/8 | €1,355 | €4,499 | +€3,144 | +232% |
| Gross operating margin | 9900 | -€19,002 | €9,773 | +€28,775 | |
| Operating profit (loss) | 9901 | -€48,508 | -€20,748 | +€27,760 | +57.2% |
| Financial income | 75/76B | €42,595 | €14,872 | -€27,723 | -65.1% |
| Recurring financial income | 75 | €42,595 | €14,872 | -€27,723 | -65.1% |
| Financial charges | 65/66B | €4,774 | €6,974 | +€2,200 | +46.1% |
| Recurring financial charges | 65 | €4,774 | €6,974 | +€2,200 | +46.1% |
| Profit (loss) for the period before taxes | 9903 | -€10,687 | -€12,850 | -€2,163 | -20.2% |
| Income taxes | 67/77 | €317 | €4,116 | +€3,798 | +1,198% |
| Profit (loss) for the period | 9904 | -€11,004 | -€16,966 | -€5,961 | -54.2% |
| Profit (loss) for the period to be appropriated | 9905 | -€11,004 | -€16,966 | -€5,961 | -54.2% |
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 17 October 2026 via checked.be.