JAMAAR: 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.
JAMAAR
Largest movements
- Cash +€126,846
up €126,846 (+112%), from €113,195 to €240,042
mainly Net result for the year (+€215,912) and Receivables after one year (+€81,862)
- Receivables after one year -€81,862
down €81,862 (-4.1%), from €2.0m to €1.9m
- Deferred charges and accrued income -€29,080
down €29,080 (-24.0%), from €121,061 to €91,981
- Reserves +€115,495
up €115,495 (+5.6%), from €2.0m to €2.2m
- Debts after one year -€72,797
down €72,797 (-43.9%), from €165,812 to €93,015
of which Other amounts payable: -€72,797
- Tax, wage and social debts -€27,590
down €27,590 (-47.4%), from €58,224 to €30,634
- Financial income -€32,067
down €32,067 (-26.1%), from €122,964 to €90,897
- Financial charges -€16,890
down €16,890 (-77.1%), from €21,902 to €5,012
- Gross operating margin +€10,778
up €10,778 (+4.5%), from €238,479 to €249,257
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 | €2,315,173 | €2,318,588 | +€3,415 | +0.1% |
| Fixed assets | 21/28 | €84,224 | €68,581 | -€15,643 | -18.6% |
| Tangible fixed assets | 22/27 | €68,597 | €52,954 | -€15,643 | -22.8% |
| Plant, machinery and equipment | 23 | €4,563 | €3,091 | -€1,472 | -32.3% |
| Furniture and vehicles | 24 | €63,449 | €49,532 | -€13,917 | -21.9% |
| Other tangible fixed assets | 26 | €585 | €332 | -€254 | -43.3% |
| Financial fixed assets | 28 | €15,627 | €15,627 | = | 0.0% |
| Current assets | 29/58 | €2,230,949 | €2,250,007 | +€19,057 | +0.9% |
| Amounts receivable after more than one year | 29 | €1,996,693 | €1,914,831 | -€81,862 | -4.1% |
| Other amounts receivable | 291 | €1,996,693 | €1,914,831 | -€81,862 | -4.1% |
| Amounts receivable within one year | 40/41 | - | €3,153 | +€3,153 | |
| Trade receivables | 40 | - | €2,348 | +€2,348 | |
| Other amounts receivable | 41 | - | €805 | +€805 | |
| Cash at bank and in hand | 54/58 | €113,195 | €240,042 | +€126,846 | +112% |
| Deferred charges and accrued income | 490/1 | €121,061 | €91,981 | -€29,080 | -24.0% |
| Total equity and liabilities | 10/49 | €2,315,173 | €2,318,588 | +€3,415 | +0.1% |
| Equity | 10/15 | €2,069,777 | €2,185,272 | +€115,495 | +5.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €2,049,777 | €2,165,272 | +€115,495 | +5.6% |
| Distributable reserves | 133 | €2,049,777 | €2,165,272 | +€115,495 | +5.6% |
| Amounts payable | 17/49 | €245,396 | €133,316 | -€112,081 | -45.7% |
| Amounts payable after more than one year | 17 | €165,812 | €93,015 | -€72,797 | -43.9% |
| Financial debts | 170/4 | €75,000 | €75,000 | = | 0.0% |
| Other amounts payable | 178/9 | €90,812 | €18,015 | -€72,797 | -80.2% |
| Amounts payable within one year | 42/48 | €61,511 | €33,221 | -€28,290 | -46.0% |
| Trade debts | 44 | €1,343 | €1,435 | +€92 | +6.8% |
| Suppliers | 440/4 | €1,343 | €1,435 | +€92 | +6.8% |
| Taxes, remuneration and social security | 45 | €58,224 | €30,634 | -€27,590 | -47.4% |
| Taxes | 450/3 | €58,224 | €30,634 | -€27,590 | -47.4% |
| Other amounts payable | 47/48 | €1,944 | €1,152 | -€792 | -40.7% |
| Accrued charges and deferred income | 492/3 | €18,074 | €7,080 | -€10,994 | -60.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,283 | €18,765 | +€482 | +2.6% |
| Other operating charges | 640/8 | €1,016 | €1,224 | +€208 | +20.5% |
| Gross operating margin | 9900 | €238,479 | €249,257 | +€10,778 | +4.5% |
| Operating profit (loss) | 9901 | €219,181 | €229,268 | +€10,087 | +4.6% |
| Financial income | 75/76B | €122,964 | €90,897 | -€32,067 | -26.1% |
| Recurring financial income | 75 | €122,964 | €90,897 | -€32,067 | -26.1% |
| Financial charges | 65/66B | €21,902 | €5,012 | -€16,890 | -77.1% |
| Recurring financial charges | 65 | €21,902 | €5,012 | -€16,890 | -77.1% |
| Profit (loss) for the period before taxes | 9903 | €320,242 | €315,153 | -€5,090 | -1.6% |
| Income taxes | 67/77 | €100,438 | €99,241 | -€1,197 | -1.2% |
| Profit (loss) for the period | 9904 | €219,804 | €215,912 | -€3,893 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €219,804 | €215,912 | -€3,893 | -1.8% |
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 15 October 2026 via checked.be.