JAMALO: 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
JAMALO
NACE 93.110, Operation of sports facilities
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€67,116
2024 · €1,062-€68,178
Equity
€2.1m
2024 · €2.2m-€67,116
Cash
€59,095
2024 · €107,377-€48,282
Balance sheet total
€3.6m
2024 · €3.8m-€207,965
Largest movements
Assets
- Tangible fixed assets -€148,548
down €148,548 (-4.3%), from €3.5m to €3.3m
of which Plant, machinery and equipment: -€92,234
- Cash -€48,282
down €48,282 (-45.0%), from €107,377 to €59,095
mainly Investment in fixed assets (net) (-€120,932) and Debts after one year (-€79,761)
Equity and liabilities
- Debts after one year -€79,761
down €79,761 (-6.4%), from €1.2m to €1.2m
- Profit (loss) carried forward -€67,116
down €67,116 (-18.2%), from -€368,636 to -€435,752
- Current portion of long-term debt -€52,455
down €52,455 (-23.2%), from €226,291 to €173,836
Income statement
- Gross operating margin -€67,221
down €67,221 (-9.2%), from €728,972 to €661,751
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.
Result 2024
€1,062
Gross operating margin
-€67,221
Staff costs
+€2,108
Depreciation
-€2,024
Other operating charges
-€2,216
Financial income
+€2,961
Financial charges
-€1,801
Taxes
+€15
Result 2025
-€67,116
raises the resultlowers the result
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.
From operations
+€204,866
Investment
-€120,932
Financing
-€132,216
Cash 2024
€107,377
From operations (derived)
+€204,866
Net result for the year
-€67,116
Depreciation
+€269,480
Stocks and contracts
-€12,471
Receivables within one year
+€24,055
Smaller working-capital items
-€697
Trade debts
-€13,336
Tax, wage and social debts
+€4,951
Investment (derived)
-€120,932
Investment in fixed assets (net)
-€120,932
Financing
-€132,216
Debts after one year
-€79,761
Current portion of long-term debt
-€52,455
Cash 2025
€59,095
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €3,815,948 | €3,607,982 | -€207,965 | -5.4% |
| Fixed assets | 21/28 | €3,488,778 | €3,340,231 | -€148,548 | -4.3% |
| Tangible fixed assets | 22/27 | €3,488,778 | €3,340,231 | -€148,548 | -4.3% |
| Land and buildings | 22 | €2,998,019 | €2,983,183 | -€14,836 | -0.5% |
| Plant, machinery and equipment | 23 | €302,497 | €210,263 | -€92,234 | -30.5% |
| Furniture and vehicles | 24 | €188,263 | €146,785 | -€41,478 | -22.0% |
| Current assets | 29/58 | €327,169 | €267,752 | -€59,417 | -18.2% |
| Stocks and contracts in progress | 3 | €24,605 | €37,076 | +€12,471 | +50.7% |
| Stocks | 30/36 | €24,605 | €37,076 | +€12,471 | +50.7% |
| Amounts receivable within one year | 40/41 | €189,376 | €165,321 | -€24,055 | -12.7% |
| Trade receivables | 40 | €39,033 | €18,836 | -€20,196 | -51.7% |
| Other amounts receivable | 41 | €150,343 | €146,485 | -€3,858 | -2.6% |
| Cash at bank and in hand | 54/58 | €107,377 | €59,095 | -€48,282 | -45.0% |
| Deferred charges and accrued income | 490/1 | €5,811 | €6,260 | +€448 | +7.7% |
| Total equity and liabilities | 10/49 | €3,815,948 | €3,607,982 | -€207,965 | -5.4% |
| Equity | 10/15 | €2,197,884 | €2,130,768 | -€67,116 | -3.1% |
| Contributions | 10/11 | €235,499 | €235,499 | = | 0.0% |
| Capital | 10 | €235,499 | €235,499 | = | 0.0% |
| Issued capital | 100 | €235,499 | €235,499 | = | 0.0% |
| Revaluation surpluses | 12 | €2,281,592 | €2,281,592 | = | 0.0% |
| Reserves | 13 | €49,428 | €49,428 | = | 0.0% |
| Non-distributable reserves | 130/1 | €23,550 | €23,550 | = | 0.0% |
| Legal reserve | 130 | €23,550 | €23,550 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,000 | €12,000 | = | 0.0% |
| Distributable reserves | 133 | €13,878 | €13,878 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€368,636 | -€435,752 | -€67,116 | -18.2% |
| Amounts payable | 17/49 | €1,618,064 | €1,477,215 | -€140,849 | -8.7% |
| Amounts payable after more than one year | 17 | €1,237,751 | €1,157,990 | -€79,761 | -6.4% |
| Financial debts | 170/4 | €1,237,751 | €1,157,990 | -€79,761 | -6.4% |
| Amounts payable within one year | 42/48 | €380,313 | €319,225 | -€61,088 | -16.1% |
| Current portion of amounts payable after more than one year | 42 | €226,291 | €173,836 | -€52,455 | -23.2% |
| Trade debts | 44 | €104,540 | €91,204 | -€13,336 | -12.8% |
| Suppliers | 440/4 | €104,540 | €91,204 | -€13,336 | -12.8% |
| Taxes, remuneration and social security | 45 | €49,233 | €54,185 | +€4,951 | +10.1% |
| Taxes | 450/3 | €37,725 | €42,035 | +€4,310 | +11.4% |
| Remuneration and social security | 454/9 | €11,508 | €12,149 | +€641 | +5.6% |
| Other amounts payable | 47/48 | €248 | €0 | -€248 | -100% |
| Non-recurring operating income | 76A | - | €1,071 | +€1,071 | |
| Remuneration, social security and pensions | 62 | €384,018 | €381,911 | -€2,108 | -0.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €267,456 | €269,480 | +€2,024 | +0.8% |
| Other operating charges | 640/8 | €27,049 | €29,264 | +€2,216 | +8.2% |
| Non-recurring operating charges | 66A | €0 | - | = | |
| Gross operating margin | 9900 | €728,972 | €661,751 | -€67,221 | -9.2% |
| Operating profit (loss) | 9901 | €50,449 | -€18,904 | -€69,353 | |
| Financial income | 75/76B | €0 | €2,961 | +€2,961 | |
| Recurring financial income | 75 | €0 | €2,961 | +€2,961 | |
| Financial charges | 65/66B | €49,215 | €51,015 | +€1,801 | +3.7% |
| Recurring financial charges | 65 | €49,215 | €51,015 | +€1,801 | +3.7% |
| Profit (loss) for the period before taxes | 9903 | €1,234 | -€66,958 | -€68,193 | |
| Income taxes | 67/77 | €172 | €158 | -€15 | -8.5% |
| Profit (loss) for the period | 9904 | €1,062 | -€67,116 | -€68,178 | |
| Profit (loss) for the period to be appropriated | 9905 | €1,062 | -€67,116 | -€68,178 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.