JAMARO: 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.
JAMARO
Largest movements
- Current investments +€4.9m
up €4.9m (+476.1%), from €1.0m to €5.9m
- Financial fixed assets -€1.8m
down €1.8m (-100.0%), from €1.8m to €1
- Cash +€74,101
up €74,101 (+181.3%), from €40,865 to €114,966
mainly Net result for the year (+€3.0m) and Investment in fixed assets (net) (+€1.8m)
- Reserves +€2.8m
up €2.8m (+93.1%), from €3.0m to €5.8m
of which Distributable reserves: +€2.8m
- Tax, wage and social debts +€259,129
up €259,129 (+6146.9%), from €4,216 to €263,345
- Other debts +€112,972
up €112,972 (+339.0%), from €33,329 to €146,302
- Financial income +€3.3m
up €3.3m (+19888.4%), from €16,353 to €3.3m
of which Non-recurring financial income: +€3.2m
- Taxes +€270,949
up €270,949 (+911.7%), from €29,719 to €300,668
- Gross operating margin -€80,359
down €80,359 (-78.4%), from €102,438 to €22,079
- Financial charges +€33,141
up €33,141, from -€27,516 to €5,624
- Write-downs -€12,329
new in 2025: -€12,329
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.
Cash bridge derived
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 | €3,176,333 | €6,308,472 | +€3.1m | +98.6% |
| Fixed assets | 21/28 | €2,078,725 | €235,404 | -€1.8m | -88.7% |
| Tangible fixed assets | 22/27 | €273,725 | €235,403 | -€38,322 | -14.0% |
| Land and buildings | 22 | €193,692 | €185,879 | -€7,813 | -4.0% |
| Plant, machinery and equipment | 23 | €2,108 | €1,524 | -€583 | -27.7% |
| Furniture and vehicles | 24 | €77,925 | €47,999 | -€29,926 | -38.4% |
| Financial fixed assets | 28 | €1,805,000 | €1 | -€1.8m | -100.0% |
| Current assets | 29/58 | €1,097,608 | €6,073,069 | +€5.0m | +453.3% |
| Amounts receivable within one year | 40/41 | €26,378 | €20,389 | -€5,989 | -22.7% |
| Trade receivables | 40 | €20,389 | €20,389 | = | 0.0% |
| Other amounts receivable | 41 | €5,989 | €0 | -€5,989 | -100.0% |
| Current investments | 50/53 | €1,030,319 | €5,935,569 | +€4.9m | +476.1% |
| Cash at bank and in hand | 54/58 | €40,865 | €114,966 | +€74,101 | +181.3% |
| Deferred charges and accrued income | 490/1 | €46 | €2,145 | +€2,099 | +4564.4% |
| Total equity and liabilities | 10/49 | €3,176,333 | €6,308,472 | +€3.1m | +98.6% |
| Equity | 10/15 | €3,009,883 | €5,788,131 | +€2.8m | +92.3% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €2,984,883 | €5,763,131 | +€2.8m | +93.1% |
| Non-distributable reserves | 130/1 | €2,500 | €2,500 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,500 | €2,500 | = | 0.0% |
| Distributable reserves | 133 | €2,982,383 | €5,760,631 | +€2.8m | +93.2% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €166,450 | €520,342 | +€353,892 | +212.6% |
| Amounts payable after more than one year | 17 | €105,827 | €89,341 | -€16,486 | -15.6% |
| Financial debts | 170/4 | €105,827 | €89,341 | -€16,486 | -15.6% |
| Amounts payable within one year | 42/48 | €60,622 | €429,791 | +€369,169 | +609.0% |
| Current portion of amounts payable after more than one year | 42 | €15,757 | €16,486 | +€729 | +4.6% |
| Trade debts | 44 | €7,321 | €3,658 | -€3,662 | -50.0% |
| Suppliers | 440/4 | €7,321 | €3,658 | -€3,662 | -50.0% |
| Taxes, remuneration and social security | 45 | €4,216 | €263,345 | +€259,129 | +6146.9% |
| Taxes | 450/3 | €4,216 | €263,345 | +€259,129 | +6146.9% |
| Other amounts payable | 47/48 | €33,329 | €146,302 | +€112,972 | +339.0% |
| Accrued charges and deferred income | 492/3 | - | €1,210 | +€1,210 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €37,576 | €38,322 | +€746 | +2.0% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€12,329 | -€12,329 | |
| Other operating charges | 640/8 | €3,542 | €429 | -€3,113 | -87.9% |
| Gross operating margin | 9900 | €102,438 | €22,079 | -€80,359 | -78.4% |
| Operating profit (loss) | 9901 | €61,321 | -€4,343 | -€65,663 | |
| Financial income | 75/76B | €16,353 | €3,268,708 | +€3.3m | +19888.4% |
| Recurring financial income | 75 | €16,353 | €30,889 | +€14,536 | +88.9% |
| Non-recurring financial income | 76B | - | €3,237,819 | +€3.2m | |
| Financial charges | 65/66B | -€27,516 | €5,624 | +€33,141 | |
| Recurring financial charges | 65 | -€27,516 | €5,624 | +€33,141 | |
| Profit (loss) for the period before taxes | 9903 | €105,190 | €3,258,741 | +€3.2m | +2998.0% |
| Income taxes | 67/77 | €29,719 | €300,668 | +€270,949 | +911.7% |
| Profit (loss) for the period | 9904 | €75,471 | €2,958,072 | +€2.9m | +3819.5% |
| Profit (loss) for the period to be appropriated | 9905 | €75,471 | €2,958,072 | +€2.9m | +3819.5% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.