JAMATIEL: 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.
JAMATIEL
Largest movements
- Current investments -€191,365
down €191,365 (-27.6%), from €692,540 to €501,175
- Cash -€35,844
down €35,844 (-68.0%), from €52,677 to €16,833
mainly Contributions, distributions and other (-€275,545) and Accrued charges and deferred income (-€3,071)
- Tangible fixed assets -€8,317
down €8,317 (-37.1%), from €22,392 to €14,075
of which Furniture and vehicles: -€7,094
- Reserves -€245,195
down €245,195 (-37.5%), from €653,956 to €408,761
- Tax, wage and social debts +€11,667
up €11,667 (+1046.6%), from €1,115 to €12,782
- Gross operating margin +€12,544
up €12,544, from -€7,510 to €5,034
- Taxes +€9,654
up €9,654 (+118.3%), from €8,161 to €17,815
- Financial income +€7,749
up €7,749 (+14.9%), from €52,017 to €59,766
of which Financial income: +€7,749
- Other operating charges +€1,090
up €1,090 (+32.4%), from €3,370 to €4,460
- Financial charges -€453
down €453 (-10.5%), from €4,312 to €3,858
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 | €784,748 | €547,677 | -€237,071 | -30.2% |
| Fixed assets | 21/28 | €22,392 | €14,075 | -€8,317 | -37.1% |
| Tangible fixed assets | 22/27 | €22,392 | €14,075 | -€8,317 | -37.1% |
| Furniture and vehicles | 24 | €19,828 | €12,735 | -€7,094 | -35.8% |
| Other tangible fixed assets | 26 | €2,564 | €1,341 | -€1,223 | -47.7% |
| Current assets | 29/58 | €762,356 | €533,601 | -€228,754 | -30.0% |
| Amounts receivable within one year | 40/41 | €14,355 | €13,793 | -€562 | -3.9% |
| Trade receivables | 40 | €12,602 | €13,342 | +€740 | +5.9% |
| Other amounts receivable | 41 | €1,753 | €452 | -€1,302 | -74.2% |
| Current investments | 50/53 | €692,540 | €501,175 | -€191,365 | -27.6% |
| Cash at bank and in hand | 54/58 | €52,677 | €16,833 | -€35,844 | -68.0% |
| Deferred charges and accrued income | 490/1 | €2,784 | €1,800 | -€984 | -35.3% |
| Total equity and liabilities | 10/49 | €784,748 | €547,677 | -€237,071 | -30.2% |
| Equity | 10/15 | €773,956 | €528,761 | -€245,195 | -31.7% |
| Contributions | 10/11 | €120,000 | €120,000 | = | 0.0% |
| Reserves | 13 | €653,956 | €408,761 | -€245,195 | -37.5% |
| Distributable reserves | 133 | €653,956 | €408,761 | -€245,195 | -37.5% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €10,792 | €18,916 | +€8,124 | +75.3% |
| Amounts payable within one year | 42/48 | €2,899 | €14,093 | +€11,194 | +386.1% |
| Trade debts | 44 | €1,784 | €1,311 | -€473 | -26.5% |
| Suppliers | 440/4 | €1,784 | €1,311 | -€473 | -26.5% |
| Taxes, remuneration and social security | 45 | €1,115 | €12,782 | +€11,667 | +1046.6% |
| Taxes | 450/3 | €1,115 | €12,782 | +€11,667 | +1046.6% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €7,893 | €4,823 | -€3,071 | -38.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €7,926 | €8,317 | +€391 | +4.9% |
| Other operating charges | 640/8 | €3,370 | €4,460 | +€1,090 | +32.4% |
| Gross operating margin | 9900 | -€7,510 | €5,034 | +€12,544 | |
| Operating profit (loss) | 9901 | -€18,806 | -€7,743 | +€11,063 | +58.8% |
| Financial income | 75/76B | €52,017 | €59,766 | +€7,749 | +14.9% |
| Recurring financial income | 75 | €52,017 | €59,766 | +€7,749 | +14.9% |
| Non-recurring financial income | 76B | €0 | - | = | |
| Financial charges | 65/66B | €4,312 | €3,858 | -€453 | -10.5% |
| Recurring financial charges | 65 | €4,312 | €3,858 | -€453 | -10.5% |
| Profit (loss) for the period before taxes | 9903 | €28,899 | €48,165 | +€19,265 | +66.7% |
| Income taxes | 67/77 | €8,161 | €17,815 | +€9,654 | +118.3% |
| Profit (loss) for the period | 9904 | €20,738 | €30,350 | +€9,612 | +46.3% |
| Profit (loss) for the period to be appropriated | 9905 | €20,738 | €30,350 | +€9,612 | +46.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.