JAM PROJECT: 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 PROJECT
Largest movements
- Intangible fixed assets +€23,279
up €23,279 (+50.4%), from €46,177 to €69,456
- Receivables within one year +€5,941
up €5,941 (+3375.6%), from €176 to €6,117
- Other debts +€24,172
new in 2024: €24,172
- Trade debts +€19,850
up €19,850 (+222.8%), from €8,908 to €28,758
- Debts after one year -€10,168
down €10,168 (-40.6%), from €25,058 to €14,890
- Tax, wage and social debts -€5,850
down €5,850 (-83.2%), from €7,033 to €1,183
of which Remuneration and social security: -€7,033
- Profit (loss) carried forward +€1,105
up €1,105 (+11.3%), from -€9,815 to -€8,710
- Gross operating margin +€17,668
up €17,668, from -€3,816 to €13,852
- Depreciation +€6,629
up €6,629 (+139.8%), from €4,742 to €11,371
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €46,524 | €75,990 | +€29,466 | +63.3% |
| Fixed assets | 21/28 | €46,177 | €69,456 | +€23,279 | +50.4% |
| Intangible fixed assets | 21 | €46,177 | €69,456 | +€23,279 | +50.4% |
| Current assets | 29/58 | €347 | €6,534 | +€6,187 | +1783.0% |
| Amounts receivable within one year | 40/41 | €176 | €6,117 | +€5,941 | +3375.6% |
| Other amounts receivable | 41 | €176 | €6,117 | +€5,941 | +3375.6% |
| Cash at bank and in hand | 54/58 | €171 | €417 | +€246 | +143.9% |
| Total equity and liabilities | 10/49 | €46,524 | €75,990 | +€29,466 | +63.3% |
| Equity | 10/15 | -€4,285 | -€3,180 | +€1,105 | +25.8% |
| Contributions | 10/11 | €5,530 | €5,530 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,815 | -€8,710 | +€1,105 | +11.3% |
| Amounts payable | 17/49 | €50,809 | €79,170 | +€28,361 | +55.8% |
| Amounts payable after more than one year | 17 | €25,058 | €14,890 | -€10,168 | -40.6% |
| Financial debts | 170/4 | €25,058 | €14,890 | -€10,168 | -40.6% |
| Amounts payable within one year | 42/48 | €25,751 | €64,280 | +€38,529 | +149.6% |
| Current portion of amounts payable after more than one year | 42 | €9,810 | €10,167 | +€357 | +3.6% |
| Trade debts | 44 | €8,908 | €28,758 | +€19,850 | +222.8% |
| Suppliers | 440/4 | €8,908 | €28,758 | +€19,850 | +222.8% |
| Taxes, remuneration and social security | 45 | €7,033 | €1,183 | -€5,850 | -83.2% |
| Taxes | 450/3 | - | €1,183 | +€1,183 | |
| Remuneration and social security | 454/9 | €7,033 | - | -€7,033 | |
| Other amounts payable | 47/48 | - | €24,172 | +€24,172 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,742 | €11,371 | +€6,629 | +139.8% |
| Gross operating margin | 9900 | -€3,816 | €13,852 | +€17,668 | |
| Operating profit (loss) | 9901 | -€8,558 | €2,481 | +€11,039 | |
| Financial charges | 65/66B | €1,257 | €1,377 | +€120 | +9.5% |
| Recurring financial charges | 65 | €1,257 | €1,377 | +€120 | +9.5% |
| Profit (loss) for the period before taxes | 9903 | -€9,815 | €1,104 | +€10,919 | |
| Profit (loss) for the period | 9904 | -€9,815 | €1,104 | +€10,919 | |
| Profit (loss) for the period to be appropriated | 9905 | -€9,815 | €1,104 | +€10,919 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 28 September 2026 via checked.be.