JAM&SAB: 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&SAB
Largest movements
- Receivables within one year +€6,752
up €6,752 (+60.1%), from €11,232 to €17,984
of which Trade receivables: +€5,485
- Cash -€6,007
down €6,007 (-28.6%), from €21,024 to €15,018
mainly Tax, wage and social debts (-€7,951) and Receivables within one year (-€6,752)
- Other debts +€8,720
new in 2025: €8,720
- Tax, wage and social debts -€7,951
down €7,951 (-67.8%), from €11,722 to €3,771
- Accrued charges and deferred income -€2,000
no longer reported in 2025 (was €2,000)
- Trade debts +€1,515
up €1,515 (+26.3%), from €5,769 to €7,284
- Gross operating margin -€31,212
down €31,212 (-94.5%), from €33,026 to €1,814
- Taxes -€3,210
down €3,210 (-88.3%), from €3,638 to €427
- Other operating charges -€1,418
down €1,418 (-63.9%), from €2,219 to €801
- Depreciation -€383
down €383 (-51.1%), from €750 to €367
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 | €62,038 | €62,416 | +€378 | +0.6% |
| Fixed assets | 21/28 | €367 | - | -€367 | |
| Tangible fixed assets | 22/27 | €367 | - | -€367 | |
| Furniture and vehicles | 24 | €367 | - | -€367 | |
| Current assets | 29/58 | €61,671 | €62,416 | +€745 | +1.2% |
| Amounts receivable after more than one year | 29 | €29,415 | €29,415 | = | 0.0% |
| Other amounts receivable | 291 | €29,415 | €29,415 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €11,232 | €17,984 | +€6,752 | +60.1% |
| Trade receivables | 40 | €10,370 | €15,855 | +€5,485 | +52.9% |
| Other amounts receivable | 41 | €863 | €2,130 | +€1,267 | +146.8% |
| Cash at bank and in hand | 54/58 | €21,024 | €15,018 | -€6,007 | -28.6% |
| Total equity and liabilities | 10/49 | €62,038 | €62,416 | +€378 | +0.6% |
| Equity | 10/15 | €42,547 | €42,641 | +€94 | +0.2% |
| Contributions | 10/11 | €4,000 | €4,000 | = | 0.0% |
| Capital | 10 | €4,000 | - | -€4,000 | |
| Issued capital | 100 | €4,000 | - | -€4,000 | |
| Profit (loss) carried forward | 14 | €38,547 | €38,641 | +€94 | +0.2% |
| Amounts payable | 17/49 | €19,492 | €19,776 | +€284 | +1.5% |
| Amounts payable within one year | 42/48 | €17,492 | €19,776 | +€2,284 | +13.1% |
| Trade debts | 44 | €5,769 | €7,284 | +€1,515 | +26.3% |
| Suppliers | 440/4 | €5,769 | €7,284 | +€1,515 | +26.3% |
| Taxes, remuneration and social security | 45 | €11,722 | €3,771 | -€7,951 | -67.8% |
| Taxes | 450/3 | €11,722 | €3,771 | -€7,951 | -67.8% |
| Other amounts payable | 47/48 | - | €8,720 | +€8,720 | |
| Accrued charges and deferred income | 492/3 | €2,000 | - | -€2,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €750 | €367 | -€383 | -51.1% |
| Other operating charges | 640/8 | €2,219 | €801 | -€1,418 | -63.9% |
| Non-recurring operating charges | 66A | €16,733 | - | -€16,733 | |
| Gross operating margin | 9900 | €33,026 | €1,814 | -€31,212 | -94.5% |
| Operating profit (loss) | 9901 | €13,325 | €646 | -€12,679 | -95.2% |
| Financial income | 75/76B | - | €31 | +€31 | |
| Recurring financial income | 75 | - | €31 | +€31 | |
| Financial charges | 65/66B | €372 | €156 | -€216 | -58.1% |
| Recurring financial charges | 65 | €372 | €156 | -€216 | -58.1% |
| Profit (loss) for the period before taxes | 9903 | €12,953 | €521 | -€12,432 | -96.0% |
| Income taxes | 67/77 | €3,638 | €427 | -€3,210 | -88.3% |
| Profit (loss) for the period | 9904 | €9,315 | €94 | -€9,221 | -99.0% |
| Profit (loss) for the period to be appropriated | 9905 | €9,315 | €94 | -€9,221 | -99.0% |
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 6 October 2026 via checked.be.