JAMAJE: 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.
JAMAJE
Largest movements
- Tangible fixed assets +€275,000
new in 2025: €275,000
- Receivables within one year -€72,391
down €72,391 (-100.0%), from €72,391 to €0
- Debts after one year +€229,686
up €229,686 (+244.5%), from €93,947 to €323,633
of which Financial debts: +€154,686
- Tax, wage and social debts -€44,574
down €44,574 (-91.7%), from €48,589 to €4,015
- Reserves -€42,748
down €42,748 (-46.4%), from €92,104 to €49,356
- Other debts +€34,998
up €34,998 (+30.4%), from €115,175 to €150,173
- Current portion of long-term debt +€20,225
up €20,225 (+77.5%), from €26,099 to €46,323
- Financial income -€99,982
down €99,982 (-100.0%), from €99,982 to €0
- Depreciation +€44,417
new in 2025: €44,417
- Taxes -€5,255
down €5,255 (-100.0%), from €5,255 to €0
- Financial charges +€5,020
up €5,020 (+121.0%), from €4,151 to €9,171
- Gross operating margin +€1,609
up €1,609 (+15.8%), from €10,181 to €11,789
From the 31-12-2024 result to the 31-12-2025 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 31-12-2024 and 31-12-2025 balance sheets and the 31-12-2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 31-12-2024 | 31-12-2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €377,157 | €575,000 | +€197,843 | +52.5% |
| Fixed assets | 21/28 | €300,000 | €575,000 | +€275,000 | +91.7% |
| Tangible fixed assets | 22/27 | - | €275,000 | +€275,000 | |
| Land and buildings | 22 | - | €275,000 | +€275,000 | |
| Financial fixed assets | 28 | €300,000 | €300,000 | = | 0.0% |
| Current assets | 29/58 | €77,157 | €0 | -€77,157 | -100.0% |
| Amounts receivable within one year | 40/41 | €72,391 | €0 | -€72,391 | -100.0% |
| Other amounts receivable | 41 | €72,391 | €0 | -€72,391 | -100.0% |
| Cash at bank and in hand | 54/58 | €4,766 | €0 | -€4,766 | -100.0% |
| Total equity and liabilities | 10/49 | €377,157 | €575,000 | +€197,843 | +52.5% |
| Equity | 10/15 | €93,104 | €50,356 | -€42,748 | -45.9% |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Reserves | 13 | €92,104 | €49,356 | -€42,748 | -46.4% |
| Distributable reserves | 133 | €92,104 | €49,356 | -€42,748 | -46.4% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €284,053 | €524,644 | +€240,591 | +84.7% |
| Amounts payable after more than one year | 17 | €93,947 | €323,633 | +€229,686 | +244.5% |
| Financial debts | 170/4 | €93,947 | €248,633 | +€154,686 | +164.7% |
| Other amounts payable | 178/9 | - | €75,000 | +€75,000 | |
| Amounts payable within one year | 42/48 | €190,106 | €201,011 | +€10,905 | +5.7% |
| Current portion of amounts payable after more than one year | 42 | €26,099 | €46,323 | +€20,225 | +77.5% |
| Trade debts | 44 | €243 | €500 | +€257 | +105.5% |
| Suppliers | 440/4 | €243 | €500 | +€257 | +105.5% |
| Taxes, remuneration and social security | 45 | €48,589 | €4,015 | -€44,574 | -91.7% |
| Taxes | 450/3 | €48,589 | €4,015 | -€44,574 | -91.7% |
| Other amounts payable | 47/48 | €115,175 | €150,173 | +€34,998 | +30.4% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €44,417 | +€44,417 | |
| Other operating charges | 640/8 | €550 | €949 | +€399 | +72.5% |
| Gross operating margin | 9900 | €10,181 | €11,789 | +€1,609 | +15.8% |
| Operating profit (loss) | 9901 | €9,631 | -€33,577 | -€43,208 | |
| Financial income | 75/76B | €99,982 | €0 | -€99,982 | -100.0% |
| Recurring financial income | 75 | €99,982 | €0 | -€99,982 | -100.0% |
| Financial charges | 65/66B | €4,151 | €9,171 | +€5,020 | +121.0% |
| Recurring financial charges | 65 | €4,151 | €9,171 | +€5,020 | +121.0% |
| Profit (loss) for the period before taxes | 9903 | €105,463 | -€42,748 | -€148,210 | |
| Income taxes | 67/77 | €5,255 | €0 | -€5,255 | -100.0% |
| Profit (loss) for the period | 9904 | €100,207 | -€42,748 | -€142,955 | |
| Profit (loss) for the period to be appropriated | 9905 | €100,207 | -€42,748 | -€142,955 |
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 7 October 2026 via checked.be.