Jamco Solar: what changed
Jamco Solar
Largest movements
- Cash +€30,904
up €30,904 (+36.8%), from €83,884 to €114,788
mainly Receivables within one year (+€26,740) and Depreciation (+€7,944)
- Receivables within one year -€26,740
down €26,740 (-58.9%), from €45,398 to €18,658
of which Trade receivables: -€19,062
- Tangible fixed assets -€5,842
down €5,842 (-27.5%), from €21,259 to €15,417
of which Leasing and similar rights: -€6,141
- Tax, wage and social debts -€7,049
down €7,049 (-72.0%), from €9,793 to €2,744
of which Taxes: -€3,929
- Reserves +€5,739
up €5,739 (+5.0%), from €115,931 to €121,669
- Trade debts +€5,153
up €5,153 (+46.3%), from €11,137 to €16,290
- Debts after one year -€4,389
down €4,389 (-100%), from €4,389 to €0
- Gross operating margin -€31,488
down €31,488 (-38.3%), from €82,137 to €50,649
- Staff costs -€12,578
down €12,578 (-27.2%), from €46,301 to €33,723
- Depreciation -€2,802
down €2,802 (-26.1%), from €10,746 to €7,944
- Taxes -€2,790
down €2,790 (-50.4%), from €5,534 to €2,744
- Financial charges -€1,607
down €1,607 (-67.3%), from €2,390 to €782
of which Financial charges: -€1,075
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 | €151,771 | €150,093 | -€1,678 | -1.1% |
| Fixed assets | 21/28 | €21,259 | €15,417 | -€5,842 | -27.5% |
| Tangible fixed assets | 22/27 | €21,259 | €15,417 | -€5,842 | -27.5% |
| Plant, machinery and equipment | 23 | €3,971 | €3,852 | -€118 | -3.0% |
| Furniture and vehicles | 24 | €3,806 | €4,431 | +€625 | +16.4% |
| Leasing and similar rights | 25 | €8,109 | €1,968 | -€6,141 | -75.7% |
| Other tangible fixed assets | 26 | €5,373 | €5,166 | -€208 | -3.9% |
| Current assets | 29/58 | €130,512 | €134,676 | +€4,164 | +3.2% |
| Stocks and contracts in progress | 3 | €1,230 | €1,230 | = | 0.0% |
| Stocks | 30/36 | - | €1,230 | +€1,230 | |
| Contracts in progress | 37 | €1,230 | - | -€1,230 | |
| Amounts receivable within one year | 40/41 | €45,398 | €18,658 | -€26,740 | -58.9% |
| Trade receivables | 40 | €23,434 | €4,373 | -€19,062 | -81.3% |
| Other amounts receivable | 41 | €21,964 | €14,285 | -€7,679 | -35.0% |
| Cash at bank and in hand | 54/58 | €83,884 | €114,788 | +€30,904 | +36.8% |
| Total equity and liabilities | 10/49 | €151,771 | €150,093 | -€1,678 | -1.1% |
| Equity | 10/15 | €120,931 | €126,669 | +€5,739 | +4.7% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €115,931 | €121,669 | +€5,739 | +5.0% |
| Distributable reserves | 133 | €115,931 | €121,669 | +€5,739 | +5.0% |
| Amounts payable | 17/49 | €30,840 | €23,423 | -€7,417 | -24.0% |
| Amounts payable after more than one year | 17 | €4,389 | €0 | -€4,389 | -100% |
| Financial debts | 170/4 | €4,389 | €0 | -€4,389 | -100% |
| Amounts payable within one year | 42/48 | €26,451 | €23,423 | -€3,028 | -11.4% |
| Current portion of amounts payable after more than one year | 42 | €5,521 | €4,389 | -€1,132 | -20.5% |
| Trade debts | 44 | €11,137 | €16,290 | +€5,153 | +46.3% |
| Suppliers | 440/4 | €11,137 | €16,290 | +€5,153 | +46.3% |
| Taxes, remuneration and social security | 45 | €9,793 | €2,744 | -€7,049 | -72.0% |
| Taxes | 450/3 | €6,673 | €2,744 | -€3,929 | -58.9% |
| Remuneration and social security | 454/9 | €3,120 | €0 | -€3,120 | -100% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €46,301 | €33,723 | -€12,578 | -27.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €10,746 | €7,944 | -€2,802 | -26.1% |
| Other operating charges | 640/8 | €2,018 | €923 | -€1,096 | -54.3% |
| Gross operating margin | 9900 | €82,137 | €50,649 | -€31,488 | -38.3% |
| Operating profit (loss) | 9901 | €23,072 | €8,059 | -€15,013 | -65.1% |
| Financial income | 75/76B | €473 | €1,206 | +€733 | +155% |
| Recurring financial income | 75 | €473 | €1,206 | +€733 | +155% |
| Financial charges | 65/66B | €2,390 | €782 | -€1,607 | -67.3% |
| Recurring financial charges | 65 | €1,075 | €0 | -€1,075 | -100% |
| Non-recurring financial charges | 66B | €1,315 | €782 | -€532 | -40.5% |
| Profit (loss) for the period before taxes | 9903 | €21,155 | €8,483 | -€12,672 | -59.9% |
| Income taxes | 67/77 | €5,534 | €2,744 | -€2,790 | -50.4% |
| Profit (loss) for the period | 9904 | €15,621 | €5,739 | -€9,882 | -63.3% |
| Profit (loss) for the period to be appropriated | 9905 | €15,621 | €5,739 | -€9,882 | -63.3% |
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 5 November 2026 via checked.be.