JAMACO: 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.
JAMACO
Largest movements
- Tangible fixed assets +€222,421
up €222,421 (+38.3%), from €580,145 to €802,565
of which Land and buildings: +€207,686
- Cash +€18,345
up €18,345 (+45.9%), from €39,966 to €58,311
mainly Debts after one year (+€163,500) and Other debts (+€95,244)
- Deferred charges and accrued income +€11,688
new in 2024: €11,688
- Debts after one year +€163,500
up €163,500 (+43.3%), from €377,751 to €541,251
- Other debts +€95,244
up €95,244 (+75.4%), from €126,398 to €221,642
- Current portion of long-term debt +€15,434
up €15,434 (+39.0%), from €39,600 to €55,035
- Gross operating margin +€31,224
up €31,224 (+64.5%), from €48,435 to €79,659
- Staff costs +€26,710
new in 2024: €26,710
- Financial income -€20,000
no longer reported in 2024 (was €20,000)
of which Financial income: -€20,000
- Depreciation +€7,093
up €7,093 (+18.8%), from €37,648 to €44,741
- Financial charges +€3,732
up €3,732 (+38.0%), from €9,835 to €13,567
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €650,051 | €910,112 | +€260,061 | +40.0% |
| Fixed assets | 21/28 | €580,145 | €802,565 | +€222,421 | +38.3% |
| Tangible fixed assets | 22/27 | €580,145 | €802,565 | +€222,421 | +38.3% |
| Land and buildings | 22 | €481,976 | €689,662 | +€207,686 | +43.1% |
| Plant, machinery and equipment | 23 | €28,081 | €26,966 | -€1,115 | -4.0% |
| Furniture and vehicles | 24 | €70,088 | €85,938 | +€15,850 | +22.6% |
| Current assets | 29/58 | €69,906 | €107,546 | +€37,640 | +53.8% |
| Amounts receivable within one year | 40/41 | €29,941 | €37,547 | +€7,607 | +25.4% |
| Trade receivables | 40 | €29,941 | €37,547 | +€7,607 | +25.4% |
| Cash at bank and in hand | 54/58 | €39,966 | €58,311 | +€18,345 | +45.9% |
| Deferred charges and accrued income | 490/1 | - | €11,688 | +€11,688 | |
| Total equity and liabilities | 10/49 | €650,051 | €910,112 | +€260,061 | +40.0% |
| Equity | 10/15 | €86,674 | €78,640 | -€8,033 | -9.3% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Reserves | 13 | €40,115 | €40,115 | = | 0.0% |
| Tax-exempt reserves | 132 | €40,115 | €40,115 | = | 0.0% |
| Profit (loss) carried forward | 14 | €34,159 | €26,125 | -€8,033 | -23.5% |
| Amounts payable | 17/49 | €563,378 | €831,471 | +€268,094 | +47.6% |
| Amounts payable after more than one year | 17 | €377,751 | €541,251 | +€163,500 | +43.3% |
| Financial debts | 170/4 | €377,751 | €541,251 | +€163,500 | +43.3% |
| Amounts payable within one year | 42/48 | €185,627 | €290,221 | +€104,594 | +56.3% |
| Current portion of amounts payable after more than one year | 42 | €39,600 | €55,035 | +€15,434 | +39.0% |
| Trade debts | 44 | €11,046 | €9,483 | -€1,563 | -14.2% |
| Suppliers | 440/4 | €11,046 | €9,483 | -€1,563 | -14.2% |
| Taxes, remuneration and social security | 45 | €8,582 | €4,062 | -€4,521 | -52.7% |
| Taxes | 450/3 | €8,582 | €4,062 | -€4,521 | -52.7% |
| Other amounts payable | 47/48 | €126,398 | €221,642 | +€95,244 | +75.4% |
| Remuneration, social security and pensions | 62 | - | €26,710 | +€26,710 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,648 | €44,741 | +€7,093 | +18.8% |
| Other operating charges | 640/8 | €1,012 | €2,674 | +€1,661 | +164.1% |
| Gross operating margin | 9900 | €48,435 | €79,659 | +€31,224 | +64.5% |
| Operating profit (loss) | 9901 | €9,774 | €5,534 | -€4,240 | -43.4% |
| Financial income | 75/76B | €20,000 | - | -€20,000 | |
| Recurring financial income | 75 | €20,000 | - | -€20,000 | |
| Non-recurring financial income | 76B | €20,000 | - | -€20,000 | |
| Financial charges | 65/66B | €9,835 | €13,567 | +€3,732 | +38.0% |
| Recurring financial charges | 65 | €9,835 | €13,567 | +€3,732 | +38.0% |
| Profit (loss) for the period before taxes | 9903 | €19,940 | -€8,033 | -€27,973 | |
| Profit (loss) for the period | 9904 | €19,940 | -€8,033 | -€27,973 | |
| Profit (loss) for the period to be appropriated | 9905 | €19,940 | -€8,033 | -€27,973 |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.