JAMAGO: what changed
Two fiscal 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.
JAMAGO
Largest movements
- Receivables within one year +€288,191
up €288,191 (+28017.3%), from €1,029 to €289,220
of which Trade receivables: +€285,617
- Tangible fixed assets +€57,407
up €57,407 (+50.3%), from €114,111 to €171,518
of which Furniture and vehicles: +€53,375
- Current investments -€50,000
down €50,000 (-100.0%), from €50,000 to €0
- Cash +€20,626
up €20,626 (+29.7%), from €69,438 to €90,063
mainly Other debts (+€233,671) and Net result for the year (+€77,011)
- Other debts +€233,671
up €233,671 (+732.6%), from €31,896 to €265,567
- Reserves +€77,011
up €77,011 (+56.1%), from €137,337 to €214,348
- Accrued charges and deferred income +€7,489
up €7,489 (+137.5%), from €5,446 to €12,935
- Gross operating margin +€40,293
up €40,293 (+44.6%), from €90,328 to €130,621
- Taxes +€8,442
up €8,442 (+36.3%), from €23,244 to €31,687
- Financial charges +€7,554
up €7,554 (+282.5%), from €2,675 to €10,229
- Depreciation +€4,758
up €4,758 (+128.4%), from €3,706 to €8,464
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.
Cash bridge derived
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 | €249,050 | €565,355 | +€316,305 | +127.0% |
| Fixed assets | 21/28 | €114,656 | €172,063 | +€57,407 | +50.1% |
| Tangible fixed assets | 22/27 | €114,111 | €171,518 | +€57,407 | +50.3% |
| Land and buildings | 22 | €114,111 | €118,143 | +€4,032 | +3.5% |
| Furniture and vehicles | 24 | - | €53,375 | +€53,375 | |
| Financial fixed assets | 28 | €545 | €545 | = | 0.0% |
| Current assets | 29/58 | €134,394 | €393,292 | +€258,898 | +192.6% |
| Stocks and contracts in progress | 3 | €11,800 | €11,800 | = | 0.0% |
| Stocks | 30/36 | €11,800 | €11,800 | = | 0.0% |
| Amounts receivable within one year | 40/41 | €1,029 | €289,220 | +€288,191 | +28017.3% |
| Trade receivables | 40 | - | €285,617 | +€285,617 | |
| Other amounts receivable | 41 | €1,029 | €3,603 | +€2,574 | +250.2% |
| Current investments | 50/53 | €50,000 | €0 | -€50,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €69,438 | €90,063 | +€20,626 | +29.7% |
| Deferred charges and accrued income | 490/1 | €2,128 | €2,208 | +€80 | +3.8% |
| Total equity and liabilities | 10/49 | €249,050 | €565,355 | +€316,305 | +127.0% |
| Equity | 10/15 | €204,921 | €281,933 | +€77,011 | +37.6% |
| Contributions | 10/11 | €67,584 | €67,584 | = | 0.0% |
| Reserves | 13 | €137,337 | €214,348 | +€77,011 | +56.1% |
| Distributable reserves | 133 | €137,337 | €214,348 | +€77,011 | +56.1% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €44,129 | €283,422 | +€239,293 | +542.3% |
| Amounts payable within one year | 42/48 | €38,683 | €270,487 | +€231,804 | +599.2% |
| Trade debts | 44 | €1,087 | €1,318 | +€231 | +21.2% |
| Suppliers | 440/4 | €1,087 | €1,318 | +€231 | +21.2% |
| Taxes, remuneration and social security | 45 | €5,700 | €3,603 | -€2,098 | -36.8% |
| Taxes | 450/3 | €5,700 | €3,603 | -€2,098 | -36.8% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Other amounts payable | 47/48 | €31,896 | €265,567 | +€233,671 | +732.6% |
| Accrued charges and deferred income | 492/3 | €5,446 | €12,935 | +€7,489 | +137.5% |
| Non-recurring operating income | 76A | - | €34,711 | +€34,711 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €3,706 | €8,464 | +€4,758 | +128.4% |
| Other operating charges | 640/8 | €4,472 | €4,195 | -€278 | -6.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €90,328 | €130,621 | +€40,293 | +44.6% |
| Operating profit (loss) | 9901 | €82,150 | €117,963 | +€35,813 | +43.6% |
| Financial income | 75/76B | €341 | €964 | +€623 | +182.7% |
| Recurring financial income | 75 | €341 | €964 | +€623 | +182.7% |
| Financial charges | 65/66B | €2,675 | €10,229 | +€7,554 | +282.5% |
| Recurring financial charges | 65 | €2,675 | €10,229 | +€7,554 | +282.5% |
| Profit (loss) for the period before taxes | 9903 | €79,816 | €108,698 | +€28,882 | +36.2% |
| Income taxes | 67/77 | €23,244 | €31,687 | +€8,442 | +36.3% |
| Profit (loss) for the period | 9904 | €56,572 | €77,011 | +€20,440 | +36.1% |
| Profit (loss) for the period to be appropriated | 9905 | €56,572 | €77,011 | +€20,440 | +36.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.