JAMAER - BEKES: 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.
What changed
JAMAER - BEKES
NACE 01.110, Growing of cereals (except rice), leguminous crops and oil seeds
financial year 2026 compared with 2025filed annual accounts (NBB)
Net result for the year
€39,477
2025 · -€61,299+€100,776
Equity
€752,774
2025 · €713,297+€39,477
Cash
€9,148
2025 · €7,410+€1,737
Balance sheet total
€1.6m
2025 · €1.3m+€269,660
Largest movements
Assets
- Tangible fixed assets +€259,861
up €259,861 (+20.6%), from €1.3m to €1.5m
of which Land and buildings: +€267,421
Equity and liabilities
- Debts after one year +€500,000
up €500,000 (+227%), from €220,000 to €720,000
- Current portion of long-term debt -€220,000
down €220,000 (-100%), from €220,000 to €0
- Other debts -€53,153
down €53,153 (-95.6%), from €55,619 to €2,466
- Profit (loss) carried forward +€45,660
up €45,660 (+5.4%), from -€852,106 to -€806,446
Income statement
- Gross operating margin +€159,450
up €159,450 (+1,119%), from €14,248 to €173,698
- Depreciation +€49,033
up €49,033 (+95.0%), from €51,592 to €100,625
- Taxes +€7,518
up €7,518 (+2,045%), from €368 to €7,886
- Other operating charges +€1,877
up €1,877 (+20.6%), from €9,092 to €10,969
From the 2025 result to the 2026 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.
Result 2025
-€61,299
Gross operating margin
+€159,450
Depreciation
-€49,033
Other operating charges
-€1,877
Financial income
+€602
Financial charges
-€848
Taxes
-€7,518
Result 2026
€39,477
raises the resultlowers the result
Derived cash bridge
Derived from the 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
+€82,595
Investment
-€361,115
Financing
+€280,257
Cash 2025
€7,410
From operations (derived)
+€82,595
Net result for the year
+€39,477
Depreciation
+€100,625
Receivables within one year
-€8,006
Smaller working-capital items
+€622
Provisions
-€3,185
Trade debts
+€6,214
Other debts
-€53,153
Investment (derived)
-€361,115
Investment in fixed assets (net)
-€360,486
Current investments
-€629
Financing
+€280,257
Debts after one year
+€500,000
Current portion of long-term debt
-€220,000
Short-term financial debts
+€257
Cash 2026
€9,148
brings cash intakes cash out
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,281,578 | €1,551,237 | +€269,660 | +21.0% |
| Fixed assets | 21/28 | €1,262,109 | €1,521,970 | +€259,861 | +20.6% |
| Tangible fixed assets | 22/27 | €1,262,109 | €1,521,970 | +€259,861 | +20.6% |
| Land and buildings | 22 | €1,240,581 | €1,508,003 | +€267,421 | +21.6% |
| Plant, machinery and equipment | 23 | €15,354 | €11,103 | -€4,251 | -27.7% |
| Furniture and vehicles | 24 | €3,574 | €264 | -€3,310 | -92.6% |
| Other tangible fixed assets | 26 | €2,600 | €2,600 | = | 0.0% |
| Current assets | 29/58 | €19,469 | €29,268 | +€9,799 | +50.3% |
| Amounts receivable within one year | 40/41 | €7,200 | €15,206 | +€8,006 | +111% |
| Trade receivables | 40 | €5,557 | €3,000 | -€2,557 | -46.0% |
| Other amounts receivable | 41 | €1,643 | €12,206 | +€10,563 | +643% |
| Current investments | 50/53 | €1,526 | €2,155 | +€629 | +41.2% |
| Cash at bank and in hand | 54/58 | €7,410 | €9,148 | +€1,737 | +23.4% |
| Deferred charges and accrued income | 490/1 | €3,333 | €2,759 | -€574 | -17.2% |
| Total equity and liabilities | 10/49 | €1,281,578 | €1,551,237 | +€269,660 | +21.0% |
| Equity | 10/15 | €713,297 | €752,774 | +€39,477 | +5.5% |
| Contributions | 10/11 | €1,208,903 | €1,208,903 | = | 0.0% |
| Reserves | 13 | €356,500 | €350,317 | -€6,182 | -1.7% |
| Tax-exempt reserves | 132 | €125,197 | €119,015 | -€6,182 | -4.9% |
| Distributable reserves | 133 | €231,303 | €231,303 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€852,106 | -€806,446 | +€45,660 | +5.4% |
| Provisions and deferred taxes | 16 | €64,495 | €61,311 | -€3,185 | -4.9% |
| Deferred taxes | 168 | €64,495 | €61,311 | -€3,185 | -4.9% |
| Amounts payable | 17/49 | €503,786 | €737,153 | +€233,367 | +46.3% |
| Amounts payable after more than one year | 17 | €220,000 | €720,000 | +€500,000 | +227% |
| Financial debts | 170/4 | €220,000 | €720,000 | +€500,000 | +227% |
| Amounts payable within one year | 42/48 | €281,318 | €14,673 | -€266,645 | -94.8% |
| Current portion of amounts payable after more than one year | 42 | €220,000 | €0 | -€220,000 | -100% |
| Financial debts | 43 | €287 | €544 | +€257 | +89.6% |
| Credit institutions | 430/8 | €287 | €544 | +€257 | +89.6% |
| Trade debts | 44 | €5,051 | €11,265 | +€6,214 | +123% |
| Suppliers | 440/4 | €5,051 | €11,265 | +€6,214 | +123% |
| Taxes, remuneration and social security | 45 | €362 | €398 | +€36 | +10.1% |
| Taxes | 450/3 | €362 | €398 | +€36 | +10.1% |
| Other amounts payable | 47/48 | €55,619 | €2,466 | -€53,153 | -95.6% |
| Accrued charges and deferred income | 492/3 | €2,468 | €2,480 | +€12 | +0.5% |
| Non-recurring operating income | 76A | €25,593 | €176,460 | +€150,868 | +589% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €51,592 | €100,625 | +€49,033 | +95.0% |
| Other operating charges | 640/8 | €9,092 | €10,969 | +€1,877 | +20.6% |
| Gross operating margin | 9900 | €14,248 | €173,698 | +€159,450 | +1,119% |
| Operating profit (loss) | 9901 | -€46,436 | €62,104 | +€108,540 | |
| Financial income | 75/76B | €19 | €621 | +€602 | +3,164% |
| Recurring financial income | 75 | €19 | €621 | +€602 | +3,164% |
| Financial charges | 65/66B | €17,699 | €18,547 | +€848 | +4.8% |
| Recurring financial charges | 65 | €17,699 | €18,547 | +€848 | +4.8% |
| Profit (loss) for the period before taxes | 9903 | -€64,116 | €44,179 | +€108,295 | |
| Transfer from deferred taxes | 780 | €3,185 | €3,185 | = | 0.0% |
| Income taxes | 67/77 | €368 | €7,886 | +€7,518 | +2,045% |
| Profit (loss) for the period | 9904 | -€61,299 | €39,477 | +€100,776 | |
| Transfer from tax-exempt reserves | 789 | €6,182 | €6,182 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | -€55,116 | €45,660 | +€100,776 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.