JAMAR: 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.
JAMAR
Largest movements
- Stocks and contracts -€85,657
no longer reported in 2025 (was €85,657)
- Tangible fixed assets -€37,689
down €37,689 (-6.1%), from €617,905 to €580,216
- Other debts -€93,909
down €93,909 (-36.7%), from €255,621 to €161,713
- Revaluation surpluses -€35,000
down €35,000 (-8.3%), from €420,000 to €385,000
- Reserves +€35,000
up €35,000 (+11.7%), from €298,027 to €333,027
of which Distributable reserves: +€35,000
- Profit (loss) carried forward -€33,544
down €33,544 (-8.0%), from -€418,796 to -€452,340
- Depreciation -€2,715
down €2,715 (-6.7%), from €40,403 to €37,689
- Other operating charges -€586
down €586 (-15.8%), from €3,700 to €3,114
- Gross operating margin +€577
up €577 (+8.0%), from €7,221 to €7,798
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 | €713,597 | €584,807 | -€128,790 | -18.0% |
| Fixed assets | 21/28 | €617,905 | €580,216 | -€37,689 | -6.1% |
| Tangible fixed assets | 22/27 | €617,905 | €580,216 | -€37,689 | -6.1% |
| Land and buildings | 22 | €617,905 | €580,216 | -€37,689 | -6.1% |
| Current assets | 29/58 | €95,692 | €4,590 | -€91,101 | -95.2% |
| Stocks and contracts in progress | 3 | €85,657 | - | -€85,657 | |
| Stocks | 30/36 | €85,657 | - | -€85,657 | |
| Cash at bank and in hand | 54/58 | €7,713 | €3,212 | -€4,501 | -58.4% |
| Deferred charges and accrued income | 490/1 | €2,322 | €1,379 | -€943 | -40.6% |
| Total equity and liabilities | 10/49 | €713,597 | €584,807 | -€128,790 | -18.0% |
| Equity | 10/15 | €361,204 | €327,660 | -€33,544 | -9.3% |
| Contributions | 10/11 | €61,973 | €61,973 | = | 0.0% |
| Capital | 10 | €61,973 | €61,973 | = | 0.0% |
| Issued capital | 100 | €61,973 | €61,973 | = | 0.0% |
| Revaluation surpluses | 12 | €420,000 | €385,000 | -€35,000 | -8.3% |
| Reserves | 13 | €298,027 | €333,027 | +€35,000 | +11.7% |
| Non-distributable reserves | 130/1 | €6,197 | €6,197 | = | 0.0% |
| Legal reserve | 130 | €6,197 | €6,197 | = | 0.0% |
| Distributable reserves | 133 | €291,829 | €326,829 | +€35,000 | +12.0% |
| Profit (loss) carried forward | 14 | -€418,796 | -€452,340 | -€33,544 | -8.0% |
| Amounts payable | 17/49 | €352,392 | €257,147 | -€95,246 | -27.0% |
| Amounts payable after more than one year | 17 | €95,000 | €95,000 | = | 0.0% |
| Financial debts | 170/4 | €95,000 | €95,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €255,621 | €161,713 | -€93,909 | -36.7% |
| Other amounts payable | 47/48 | €255,621 | €161,713 | -€93,909 | -36.7% |
| Accrued charges and deferred income | 492/3 | €1,771 | €434 | -€1,337 | -75.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €40,403 | €37,689 | -€2,715 | -6.7% |
| Other operating charges | 640/8 | €3,700 | €3,114 | -€586 | -15.8% |
| Gross operating margin | 9900 | €7,221 | €7,798 | +€577 | +8.0% |
| Operating profit (loss) | 9901 | -€36,882 | -€33,004 | +€3,878 | +10.5% |
| Financial charges | 65/66B | €558 | €540 | -€18 | -3.3% |
| Recurring financial charges | 65 | €558 | €540 | -€18 | -3.3% |
| Profit (loss) for the period before taxes | 9903 | -€37,441 | -€33,544 | +€3,896 | +10.4% |
| Profit (loss) for the period | 9904 | -€37,441 | -€33,544 | +€3,896 | +10.4% |
| Profit (loss) for the period to be appropriated | 9905 | -€37,441 | -€33,544 | +€3,896 | +10.4% |
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 13 October 2026 via checked.be.