JAMABO: 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.
JAMABO
Largest movements
- Receivables within one year +€58,249
up €58,249 (+80.6%), from €72,230 to €130,479
of which Trade receivables: +€47,782
- Tangible fixed assets -€23,107
down €23,107 (-5.2%), from €445,393 to €422,286
of which Leasing and similar rights: -€23,750
- Trade debts +€69,398
up €69,398 (+91.4%), from €75,914 to €145,313
- Current portion of long-term debt -€22,009
down €22,009 (-68.8%), from €31,969 to €9,960
- Debts after one year -€19,774
down €19,774 (-70.2%), from €28,163 to €8,389
- Reserves -€11,956
down €11,956 (-3.5%), from €339,408 to €327,452
of which Tax-exempt reserves: -€11,956
- Short-term financial debts +€9,488
up €9,488 (+196%), from €4,841 to €14,329
- Gross operating margin -€35,880
down €35,880 (-15.1%), from €236,958 to €201,078
- Depreciation -€7,909
down €7,909 (-24.9%), from €31,733 to €23,825
- Taxes -€5,241
down €5,241 (-68.3%), from €7,675 to €2,434
- Other operating charges +€4,148
up €4,148 (+212%), from €1,960 to €6,108
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 | €610,552 | €641,224 | +€30,672 | +5.0% |
| Fixed assets | 21/28 | €445,393 | €422,286 | -€23,107 | -5.2% |
| Tangible fixed assets | 22/27 | €445,393 | €422,286 | -€23,107 | -5.2% |
| Land and buildings | 22 | €399,212 | €385,135 | -€14,076 | -3.5% |
| Plant, machinery and equipment | 23 | €4,311 | €8,214 | +€3,902 | +90.5% |
| Furniture and vehicles | 24 | €3,256 | €14,555 | +€11,299 | +347% |
| Leasing and similar rights | 25 | €30,445 | €6,695 | -€23,750 | -78.0% |
| Other tangible fixed assets | 26 | €8,170 | €7,688 | -€482 | -5.9% |
| Current assets | 29/58 | €165,158 | €218,938 | +€53,779 | +32.6% |
| Stocks and contracts in progress | 3 | €28,750 | €31,000 | +€2,250 | +7.8% |
| Stocks | 30/36 | €28,750 | €31,000 | +€2,250 | +7.8% |
| Amounts receivable within one year | 40/41 | €72,230 | €130,479 | +€58,249 | +80.6% |
| Trade receivables | 40 | €54,239 | €102,021 | +€47,782 | +88.1% |
| Other amounts receivable | 41 | €17,991 | €28,458 | +€10,467 | +58.2% |
| Cash at bank and in hand | 54/58 | €39,954 | €38,671 | -€1,284 | -3.2% |
| Deferred charges and accrued income | 490/1 | €24,224 | €18,788 | -€5,436 | -22.4% |
| Total equity and liabilities | 10/49 | €610,552 | €641,224 | +€30,672 | +5.0% |
| Equity | 10/15 | €435,396 | €427,972 | -€7,424 | -1.7% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €339,408 | €327,452 | -€11,956 | -3.5% |
| Tax-exempt reserves | 132 | €68,589 | €56,634 | -€11,956 | -17.4% |
| Distributable reserves | 133 | €270,818 | €270,818 | = | 0.0% |
| Profit (loss) carried forward | 14 | €77,396 | €81,928 | +€4,532 | +5.9% |
| Provisions and deferred taxes | 16 | €22,863 | €18,878 | -€3,985 | -17.4% |
| Deferred taxes | 168 | €22,863 | €18,878 | -€3,985 | -17.4% |
| Amounts payable | 17/49 | €152,292 | €194,373 | +€42,081 | +27.6% |
| Amounts payable after more than one year | 17 | €28,163 | €8,389 | -€19,774 | -70.2% |
| Financial debts | 170/4 | €28,163 | €8,389 | -€19,774 | -70.2% |
| Amounts payable within one year | 42/48 | €124,129 | €185,984 | +€61,855 | +49.8% |
| Current portion of amounts payable after more than one year | 42 | €31,969 | €9,960 | -€22,009 | -68.8% |
| Financial debts | 43 | €4,841 | €14,329 | +€9,488 | +196% |
| Other loans | 439 | €4,841 | €14,329 | +€9,488 | +196% |
| Trade debts | 44 | €75,914 | €145,313 | +€69,398 | +91.4% |
| Suppliers | 440/4 | €75,914 | €145,313 | +€69,398 | +91.4% |
| Taxes, remuneration and social security | 45 | €9,927 | €10,281 | +€355 | +3.6% |
| Remuneration and social security | 454/9 | €9,927 | €10,281 | +€355 | +3.6% |
| Other amounts payable | 47/48 | €1,478 | €6,101 | +€4,624 | +313% |
| Remuneration, social security and pensions | 62 | €179,476 | €177,396 | -€2,080 | -1.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €31,733 | €23,825 | -€7,909 | -24.9% |
| Other operating charges | 640/8 | €1,960 | €6,108 | +€4,148 | +212% |
| Non-recurring operating charges | 66A | €3,380 | - | -€3,380 | |
| Gross operating margin | 9900 | €236,958 | €201,078 | -€35,880 | -15.1% |
| Operating profit (loss) | 9901 | €20,407 | -€6,252 | -€26,659 | |
| Financial income | 75/76B | €759 | €1,153 | +€394 | +51.9% |
| Recurring financial income | 75 | €759 | €1,153 | +€394 | +51.9% |
| Financial charges | 65/66B | €3,991 | €3,877 | -€114 | -2.9% |
| Recurring financial charges | 65 | €3,991 | €3,877 | -€114 | -2.9% |
| Profit (loss) for the period before taxes | 9903 | €17,176 | -€8,975 | -€26,151 | |
| Transfer from deferred taxes | 780 | €3,163 | €3,985 | +€823 | +26.0% |
| Income taxes | 67/77 | €7,675 | €2,434 | -€5,241 | -68.3% |
| Profit (loss) for the period | 9904 | €12,664 | -€7,424 | -€20,088 | |
| Transfer from tax-exempt reserves | 789 | €9,488 | €11,956 | +€2,468 | +26.0% |
| Profit (loss) for the period to be appropriated | 9905 | €22,151 | €4,532 | -€17,619 | -79.5% |
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 13 October 2026 via checked.be.