JAM PROPERTIES: 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 PROPERTIES
Largest movements
- Cash +€80,411
up €80,411 (+19.1%), from €421,196 to €501,606
mainly Depreciation (+€77,151) and Receivables after one year (+€62,233)
- Tangible fixed assets -€67,053
down €67,053 (-5.7%), from €1.2m to €1.1m
of which Land and buildings: -€58,101
- Receivables after one year -€62,233
no longer reported in 2025 (was €62,233)
- Receivables within one year -€57,036
down €57,036 (-42.6%), from €133,899 to €76,863
of which Trade receivables: -€51,208
- Debts after one year -€41,663
down €41,663 (-5.1%), from €824,908 to €783,244
- Reserves -€30,000
down €30,000 (-6.9%), from €431,860 to €401,860
of which Distributable reserves: -€30,000
- Trade debts -€29,408
down €29,408 (-60.5%), from €48,640 to €19,232
- Gross operating margin +€23,021
up €23,021 (+10.3%), from €222,573 to €245,595
- Other operating charges +€18,091
up €18,091 (+180.4%), from €10,027 to €28,119
- Staff costs -€9,920
down €9,920 (-14.5%), from €68,478 to €58,558
- Taxes +€5,828
up €5,828 (+37.5%), from €15,540 to €21,369
- Financial income -€4,418
down €4,418 (-48.5%), from €9,102 to €4,683
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 | €1,810,948 | €1,722,633 | -€88,315 | -4.9% |
| Fixed assets | 21/28 | €1,185,606 | €1,128,341 | -€57,265 | -4.8% |
| Intangible fixed assets | 21 | - | €9,787 | +€9,787 | |
| Tangible fixed assets | 22/27 | €1,179,656 | €1,112,604 | -€67,053 | -5.7% |
| Land and buildings | 22 | €1,153,873 | €1,095,772 | -€58,101 | -5.0% |
| Plant, machinery and equipment | 23 | €8,276 | €5,136 | -€3,140 | -37.9% |
| Furniture and vehicles | 24 | €17,507 | €11,695 | -€5,812 | -33.2% |
| Financial fixed assets | 28 | €5,950 | €5,950 | = | 0.0% |
| Current assets | 29/58 | €625,342 | €594,293 | -€31,050 | -5.0% |
| Amounts receivable after more than one year | 29 | €62,233 | - | -€62,233 | |
| Trade receivables | 290 | €62,233 | - | -€62,233 | |
| Amounts receivable within one year | 40/41 | €133,899 | €76,863 | -€57,036 | -42.6% |
| Trade receivables | 40 | €112,131 | €60,924 | -€51,208 | -45.7% |
| Other amounts receivable | 41 | €21,767 | €15,939 | -€5,828 | -26.8% |
| Cash at bank and in hand | 54/58 | €421,196 | €501,606 | +€80,411 | +19.1% |
| Deferred charges and accrued income | 490/1 | €8,015 | €15,823 | +€7,809 | +97.4% |
| Total equity and liabilities | 10/49 | €1,810,948 | €1,722,633 | -€88,315 | -4.9% |
| Equity | 10/15 | €788,563 | €761,025 | -€27,537 | -3.5% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Outside capital | 11 | €6,200 | €6,200 | = | 0.0% |
| Other | 1109/19 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €431,860 | €401,860 | -€30,000 | -6.9% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €430,000 | €400,000 | -€30,000 | -7.0% |
| Profit (loss) carried forward | 14 | €350,503 | €352,965 | +€2,463 | +0.7% |
| Amounts payable | 17/49 | €1,022,386 | €961,608 | -€60,778 | -5.9% |
| Amounts payable after more than one year | 17 | €824,908 | €783,244 | -€41,663 | -5.1% |
| Financial debts | 170/4 | €824,908 | €783,244 | -€41,663 | -5.1% |
| Amounts payable within one year | 42/48 | €194,813 | €176,969 | -€17,843 | -9.2% |
| Current portion of amounts payable after more than one year | 42 | €58,059 | €59,163 | +€1,104 | +1.9% |
| Trade debts | 44 | €48,640 | €19,232 | -€29,408 | -60.5% |
| Suppliers | 440/4 | €48,640 | €19,232 | -€29,408 | -60.5% |
| Taxes, remuneration and social security | 45 | €34,429 | €30,848 | -€3,581 | -10.4% |
| Taxes | 450/3 | €26,030 | €24,403 | -€1,627 | -6.2% |
| Remuneration and social security | 454/9 | €8,399 | €6,445 | -€1,954 | -23.3% |
| Other amounts payable | 47/48 | €53,685 | €67,726 | +€14,041 | +26.2% |
| Accrued charges and deferred income | 492/3 | €2,666 | €1,395 | -€1,271 | -47.7% |
| Non-recurring operating income | 76A | €457 | - | -€457 | |
| Remuneration, social security and pensions | 62 | €68,478 | €58,558 | -€9,920 | -14.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €74,385 | €77,151 | +€2,767 | +3.7% |
| Other operating charges | 640/8 | €10,027 | €28,119 | +€18,091 | +180.4% |
| Non-recurring operating charges | 66A | - | €1,480 | +€1,480 | |
| Gross operating margin | 9900 | €222,573 | €245,595 | +€23,021 | +10.3% |
| Operating profit (loss) | 9901 | €69,683 | €80,286 | +€10,603 | +15.2% |
| Financial income | 75/76B | €9,102 | €4,683 | -€4,418 | -48.5% |
| Recurring financial income | 75 | €9,102 | €4,683 | -€4,418 | -48.5% |
| Financial charges | 65/66B | €26,345 | €26,139 | -€206 | -0.8% |
| Recurring financial charges | 65 | €26,345 | €26,139 | -€206 | -0.8% |
| Profit (loss) for the period before taxes | 9903 | €52,440 | €58,831 | +€6,391 | +12.2% |
| Income taxes | 67/77 | €15,540 | €21,369 | +€5,828 | +37.5% |
| Profit (loss) for the period | 9904 | €36,900 | €37,463 | +€563 | +1.5% |
| Profit (loss) for the period to be appropriated | 9905 | €36,900 | €37,463 | +€563 | +1.5% |
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 8 October 2026 via checked.be.