JAMAL: 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.
JAMAL
Largest movements
- Receivables within one year +€40,653
up €40,653 (+197%), from €20,647 to €61,300
of which Other amounts receivable: +€28,455
- Cash +€37,175
up €37,175 (+589%), from €6,311 to €43,486
mainly Trade debts (+€25,236) and Other debts (+€22,220)
- Stocks and contracts -€5,800
down €5,800 (-34.7%), from €16,697 to €10,897
- Tangible fixed assets -€3,597
down €3,597 (-22.4%), from €16,081 to €12,484
- Trade debts +€25,236
up €25,236 (+789%), from €3,198 to €28,433
- Other debts +€22,220
up €22,220 (+73.9%), from €30,087 to €52,307
- Tax, wage and social debts +€15,835
up €15,835 (+285%), from €5,563 to €21,398
of which Taxes: +€13,119
- Profit (loss) carried forward +€10,988
up €10,988, from -€5,445 to €5,542
- Advances received -€7,018
down €7,018 (-26.5%), from €26,505 to €19,487
- Gross operating margin +€22,000
up €22,000, from -€5,365 to €16,635
- Depreciation +€4,769
new in 2025: €4,769
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 | €60,907 | €128,167 | +€67,260 | +110% |
| Formation expenses | 20 | €1,171 | - | -€1,171 | |
| Fixed assets | 21/28 | €16,081 | €12,484 | -€3,597 | -22.4% |
| Tangible fixed assets | 22/27 | €16,081 | €12,484 | -€3,597 | -22.4% |
| Furniture and vehicles | 24 | €16,081 | €12,484 | -€3,597 | -22.4% |
| Current assets | 29/58 | €43,654 | €115,683 | +€72,029 | +165% |
| Stocks and contracts in progress | 3 | €16,697 | €10,897 | -€5,800 | -34.7% |
| Contracts in progress | 37 | €16,697 | €10,897 | -€5,800 | -34.7% |
| Amounts receivable within one year | 40/41 | €20,647 | €61,300 | +€40,653 | +197% |
| Trade receivables | 40 | €16,238 | €28,436 | +€12,198 | +75.1% |
| Other amounts receivable | 41 | €4,409 | €32,863 | +€28,455 | +645% |
| Cash at bank and in hand | 54/58 | €6,311 | €43,486 | +€37,175 | +589% |
| Total equity and liabilities | 10/49 | €60,907 | €128,167 | +€67,260 | +110% |
| Equity | 10/15 | -€4,445 | €6,542 | +€10,988 | |
| Contributions | 10/11 | €1,000 | €1,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€5,445 | €5,542 | +€10,988 | |
| Amounts payable | 17/49 | €65,352 | €121,624 | +€56,272 | +86.1% |
| Amounts payable within one year | 42/48 | €65,352 | €121,624 | +€56,272 | +86.1% |
| Trade debts | 44 | €3,198 | €28,433 | +€25,236 | +789% |
| Suppliers | 440/4 | €3,198 | €28,433 | +€25,236 | +789% |
| Advances received on contracts in progress | 46 | €26,505 | €19,487 | -€7,018 | -26.5% |
| Taxes, remuneration and social security | 45 | €5,563 | €21,398 | +€15,835 | +285% |
| Taxes | 450/3 | - | €13,119 | +€13,119 | |
| Remuneration and social security | 454/9 | €5,563 | €8,278 | +€2,715 | +48.8% |
| Other amounts payable | 47/48 | €30,087 | €52,307 | +€22,220 | +73.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €4,769 | +€4,769 | |
| Other operating charges | 640/8 | €58 | €106 | +€48 | +82.8% |
| Gross operating margin | 9900 | -€5,365 | €16,635 | +€22,000 | |
| Operating profit (loss) | 9901 | -€5,423 | €11,760 | +€17,183 | |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €22 | €56 | +€33 | +149% |
| Recurring financial charges | 65 | €22 | €56 | +€33 | +149% |
| Profit (loss) for the period before taxes | 9903 | -€5,445 | €11,704 | +€17,150 | |
| Profit (loss) for the period | 9904 | -€5,445 | €11,704 | +€17,150 | |
| Profit (loss) for the period to be appropriated | 9905 | -€5,445 | €11,704 | +€17,150 |
Source: filed annual accounts (NBB), financial years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 24 October 2026 via checked.be.