JAMAPRO: what changed
JAMAPRO
Largest movements
- Cash +€112,998
up €112,998 (+45.8%), from €246,901 to €359,898
mainly Short-term financial debts (+€237,387) and Depreciation (+€227,870)
- Tangible fixed assets +€87,672
up €87,672 (+13.8%), from €635,466 to €723,138
of which Plant, machinery and equipment: +€65,816
- Receivables within one year -€75,962
down €75,962 (-7.4%), from €1.0m to €951,443
of which Trade receivables: -€145,939
- Short-term financial debts +€237,387
up €237,387 (+132%), from €179,433 to €416,820
- Trade debts -€228,064
down €228,064 (-24.1%), from €945,570 to €717,507
- Profit (loss) carried forward +€115,054
up €115,054 (+32.2%), from €357,786 to €472,840
- Current portion of long-term debt +€25,865
up €25,865 (+14.8%), from €174,185 to €200,050
- Tax, wage and social debts -€21,904
no longer reported in 2025 (was €21,904)
- Gross operating margin +€273,960
up €273,960 (+32.6%), from €839,832 to €1.1m
- Staff costs +€231,366
up €231,366 (+53.5%), from €432,678 to €664,044
- Depreciation +€61,507
up €61,507 (+37.0%), from €166,364 to €227,870
- Other operating charges +€21,190
up €21,190 (+131%), from €16,163 to €37,353
- Taxes +€12,038
up €12,038 (+40.7%), from €29,582 to €41,620
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,938,415 | €2,064,549 | +€126,134 | +6.5% |
| Fixed assets | 21/28 | €635,466 | €723,138 | +€87,672 | +13.8% |
| Tangible fixed assets | 22/27 | €635,466 | €723,138 | +€87,672 | +13.8% |
| Plant, machinery and equipment | 23 | €540,940 | €606,756 | +€65,816 | +12.2% |
| Furniture and vehicles | 24 | €94,526 | €116,382 | +€21,856 | +23.1% |
| Current assets | 29/58 | €1,302,948 | €1,341,411 | +€38,462 | +3.0% |
| Amounts receivable within one year | 40/41 | €1,027,405 | €951,443 | -€75,962 | -7.4% |
| Trade receivables | 40 | €895,576 | €749,636 | -€145,939 | -16.3% |
| Other amounts receivable | 41 | €131,829 | €201,807 | +€69,978 | +53.1% |
| Cash at bank and in hand | 54/58 | €246,901 | €359,898 | +€112,998 | +45.8% |
| Deferred charges and accrued income | 490/1 | €28,642 | €30,069 | +€1,426 | +5.0% |
| Total equity and liabilities | 10/49 | €1,938,415 | €2,064,549 | +€126,134 | +6.5% |
| Equity | 10/15 | €362,786 | €477,840 | +€115,054 | +31.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €357,786 | €472,840 | +€115,054 | +32.2% |
| Amounts payable | 17/49 | €1,575,628 | €1,586,709 | +€11,080 | +0.7% |
| Amounts payable after more than one year | 17 | €250,888 | €246,882 | -€4,007 | -1.6% |
| Financial debts | 170/4 | €250,888 | €246,882 | -€4,007 | -1.6% |
| Amounts payable within one year | 42/48 | €1,324,740 | €1,339,827 | +€15,087 | +1.1% |
| Current portion of amounts payable after more than one year | 42 | €174,185 | €200,050 | +€25,865 | +14.8% |
| Financial debts | 43 | €179,433 | €416,820 | +€237,387 | +132% |
| Credit institutions | 430/8 | €179,433 | €416,820 | +€237,387 | +132% |
| Trade debts | 44 | €945,570 | €717,507 | -€228,064 | -24.1% |
| Suppliers | 440/4 | €945,570 | €717,507 | -€228,064 | -24.1% |
| Taxes, remuneration and social security | 45 | €21,904 | - | -€21,904 | |
| Taxes | 450/3 | €21,904 | - | -€21,904 | |
| Other amounts payable | 47/48 | €3,648 | €5,450 | +€1,802 | +49.4% |
| Remuneration, social security and pensions | 62 | €432,678 | €664,044 | +€231,366 | +53.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €166,364 | €227,870 | +€61,507 | +37.0% |
| Other operating charges | 640/8 | €16,163 | €37,353 | +€21,190 | +131% |
| Non-recurring operating charges | 66A | €32,910 | - | -€32,910 | |
| Gross operating margin | 9900 | €839,832 | €1,113,792 | +€273,960 | +32.6% |
| Operating profit (loss) | 9901 | €191,718 | €184,525 | -€7,192 | -3.8% |
| Financial income | 75/76B | €2,437 | €12,168 | +€9,731 | +399% |
| Recurring financial income | 75 | €2,437 | €12,168 | +€9,731 | +399% |
| Financial charges | 65/66B | €33,760 | €40,020 | +€6,259 | +18.5% |
| Recurring financial charges | 65 | €33,760 | €40,020 | +€6,259 | +18.5% |
| Profit (loss) for the period before taxes | 9903 | €160,395 | €156,674 | -€3,721 | -2.3% |
| Income taxes | 67/77 | €29,582 | €41,620 | +€12,038 | +40.7% |
| Profit (loss) for the period | 9904 | €130,812 | €115,054 | -€15,759 | -12.0% |
| Profit (loss) for the period to be appropriated | 9905 | €130,812 | €115,054 | -€15,759 | -12.0% |
Next steps
Calculation and sources
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 1 November 2026 via checked.be.