JAMA MANAGEMENT: 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.
JAMA MANAGEMENT
Largest movements
- Cash -€34,408
down €34,408 (-82.9%), from €41,517 to €7,109
mainly Contributions, distributions and other (-€60,000) and Debts after one year (-€38,829)
- Receivables within one year +€10,916
up €10,916 (+18.1%), from €60,169 to €71,085
- Debts after one year -€38,829
down €38,829 (-10.3%), from €375,915 to €337,086
- Reserves +€24,765
up €24,765 (+20.0%), from €123,547 to €148,312
- Other debts -€19,781
down €19,781 (-14.8%), from €134,059 to €114,278
- Financial charges -€6,620
down €6,620 (-25.4%), from €26,090 to €19,469
- Gross operating margin +€4,737
up €4,737 (+3.9%), from €122,766 to €127,502
- Taxes +€2,711
up €2,711 (+14.0%), from €19,431 to €22,143
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 | €698,384 | €674,900 | -€23,483 | -3.4% |
| Fixed assets | 21/28 | €595,350 | €595,350 | = | 0.0% |
| Financial fixed assets | 28 | €595,350 | €595,350 | = | 0.0% |
| Current assets | 29/58 | €103,034 | €79,550 | -€23,483 | -22.8% |
| Amounts receivable within one year | 40/41 | €60,169 | €71,085 | +€10,916 | +18.1% |
| Other amounts receivable | 41 | €60,169 | €71,085 | +€10,916 | +18.1% |
| Cash at bank and in hand | 54/58 | €41,517 | €7,109 | -€34,408 | -82.9% |
| Deferred charges and accrued income | 490/1 | €1,348 | €1,357 | +€8 | +0.6% |
| Total equity and liabilities | 10/49 | €698,384 | €674,900 | -€23,483 | -3.4% |
| Equity | 10/15 | €128,547 | €153,312 | +€24,765 | +19.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €123,547 | €148,312 | +€24,765 | +20.0% |
| Distributable reserves | 133 | €123,547 | €148,312 | +€24,765 | +20.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €569,837 | €521,588 | -€48,249 | -8.5% |
| Amounts payable after more than one year | 17 | €375,915 | €337,086 | -€38,829 | -10.3% |
| Financial debts | 170/4 | €375,915 | €337,086 | -€38,829 | -10.3% |
| Amounts payable within one year | 42/48 | €187,924 | €179,107 | -€8,817 | -4.7% |
| Current portion of amounts payable after more than one year | 42 | €37,205 | €38,829 | +€1,624 | +4.4% |
| Financial debts | 43 | €5,086 | €10,586 | +€5,500 | +108% |
| Credit institutions | 430/8 | €5,086 | €10,586 | +€5,500 | +108% |
| Trade debts | 44 | €1,373 | €1,070 | -€303 | -22.1% |
| Suppliers | 440/4 | €1,373 | €1,070 | -€303 | -22.1% |
| Taxes, remuneration and social security | 45 | €10,200 | €14,343 | +€4,143 | +40.6% |
| Taxes | 450/3 | €10,200 | €14,343 | +€4,143 | +40.6% |
| Other amounts payable | 47/48 | €134,059 | €114,278 | -€19,781 | -14.8% |
| Accrued charges and deferred income | 492/3 | €5,997 | €5,396 | -€602 | -10.0% |
| Other operating charges | 640/8 | €1,311 | €1,627 | +€316 | +24.1% |
| Gross operating margin | 9900 | €122,766 | €127,502 | +€4,737 | +3.9% |
| Operating profit (loss) | 9901 | €121,454 | €125,875 | +€4,421 | +3.6% |
| Financial income | 75/76B | €285 | €502 | +€217 | +76.0% |
| Recurring financial income | 75 | €285 | €502 | +€217 | +76.0% |
| Financial charges | 65/66B | €26,090 | €19,469 | -€6,620 | -25.4% |
| Recurring financial charges | 65 | €26,090 | €19,469 | -€6,620 | -25.4% |
| Profit (loss) for the period before taxes | 9903 | €95,649 | €106,908 | +€11,258 | +11.8% |
| Income taxes | 67/77 | €19,431 | €22,143 | +€2,711 | +14.0% |
| Profit (loss) for the period | 9904 | €76,218 | €84,765 | +€8,547 | +11.2% |
| Profit (loss) for the period to be appropriated | 9905 | €76,218 | €84,765 | +€8,547 | +11.2% |
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 31 October 2026 via checked.be.