Jamgotchian: 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.
Jamgotchian
Largest movements
- Receivables within one year +€16,156
up €16,156 (+9.9%), from €163,831 to €179,987
of which Other amounts receivable: +€15,105
- Tangible fixed assets -€12,969
down €12,969 (-42.8%), from €30,292 to €17,323
of which Furniture and vehicles: -€10,331
- Cash +€9,384
up €9,384 (+87.1%), from €10,778 to €20,162
mainly Depreciation (+€18,986) and Other debts (+€12,151)
- Deferred charges and accrued income -€2,577
down €2,577 (-59.6%), from €4,321 to €1,744
- Profit (loss) carried forward -€12,964
down €12,964, from €7,469 to -€5,495
- Other debts +€12,151
up €12,151 (+88.5%), from €13,726 to €25,877
- Debts after one year +€7,169
up €7,169 (+46.0%), from €15,567 to €22,736
- Trade debts -€6,745
down €6,745 (-14.8%), from €45,539 to €38,794
- Tax, wage and social debts +€5,720
up €5,720 (+10.3%), from €55,577 to €61,297
of which Taxes: +€10,233
- Gross operating margin -€38,786
down €38,786 (-26.8%), from €144,588 to €105,802
- Staff costs -€22,713
down €22,713 (-22.3%), from €101,857 to €79,144
- Depreciation -€5,506
down €5,506 (-22.5%), from €24,492 to €18,986
- Taxes -€3,038
down €3,038 (-93.6%), from €3,247 to €209
- Financial charges +€2,083
up €2,083 (+30.0%), from €6,931 to €9,014
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 | €216,058 | €223,948 | +€7,890 | +3.7% |
| Fixed assets | 21/28 | €37,128 | €22,055 | -€15,073 | -40.6% |
| Intangible fixed assets | 21 | €6,836 | €4,732 | -€2,104 | -30.8% |
| Tangible fixed assets | 22/27 | €30,292 | €17,323 | -€12,969 | -42.8% |
| Land and buildings | 22 | €1,758 | €1,548 | -€210 | -12.0% |
| Plant, machinery and equipment | 23 | €1,282 | €737 | -€545 | -42.5% |
| Furniture and vehicles | 24 | €14,806 | €4,475 | -€10,331 | -69.8% |
| Leasing and similar rights | 25 | €12,446 | €10,563 | -€1,883 | -15.1% |
| Current assets | 29/58 | €178,930 | €201,893 | +€22,963 | +12.8% |
| Amounts receivable within one year | 40/41 | €163,831 | €179,987 | +€16,156 | +9.9% |
| Trade receivables | 40 | €130,205 | €131,256 | +€1,051 | +0.8% |
| Other amounts receivable | 41 | €33,626 | €48,731 | +€15,105 | +44.9% |
| Cash at bank and in hand | 54/58 | €10,778 | €20,162 | +€9,384 | +87.1% |
| Deferred charges and accrued income | 490/1 | €4,321 | €1,744 | -€2,577 | -59.6% |
| Total equity and liabilities | 10/49 | €216,058 | €223,948 | +€7,890 | +3.7% |
| Equity | 10/15 | €30,418 | €17,454 | -€12,964 | -42.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €16,749 | €16,749 | -€0 | 0.0% |
| Distributable reserves | 133 | €16,749 | €16,749 | -€0 | 0.0% |
| Profit (loss) carried forward | 14 | €7,469 | -€5,495 | -€12,964 | |
| Amounts payable | 17/49 | €185,640 | €206,494 | +€20,854 | +11.2% |
| Amounts payable after more than one year | 17 | €15,567 | €22,736 | +€7,169 | +46.0% |
| Financial debts | 170/4 | €15,567 | €22,736 | +€7,169 | +46.0% |
| Amounts payable within one year | 42/48 | €170,073 | €183,759 | +€13,686 | +8.0% |
| Current portion of amounts payable after more than one year | 42 | €15,231 | €17,790 | +€2,559 | +16.8% |
| Financial debts | 43 | €40,000 | €40,000 | = | 0.0% |
| Credit institutions | 430/8 | €40,000 | €40,000 | = | 0.0% |
| Trade debts | 44 | €45,539 | €38,794 | -€6,745 | -14.8% |
| Suppliers | 440/4 | €45,539 | €38,794 | -€6,745 | -14.8% |
| Taxes, remuneration and social security | 45 | €55,577 | €61,297 | +€5,720 | +10.3% |
| Taxes | 450/3 | €43,499 | €53,732 | +€10,233 | +23.5% |
| Remuneration and social security | 454/9 | €12,078 | €7,566 | -€4,513 | -37.4% |
| Other amounts payable | 47/48 | €13,726 | €25,877 | +€12,151 | +88.5% |
| Non-recurring operating income | 76A | - | €16,325 | +€16,325 | |
| Remuneration, social security and pensions | 62 | €101,857 | €79,144 | -€22,713 | -22.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,492 | €18,986 | -€5,506 | -22.5% |
| Other operating charges | 640/8 | €8,438 | €9,709 | +€1,271 | +15.1% |
| Non-recurring operating charges | 66A | - | €2,567 | +€2,567 | |
| Gross operating margin | 9900 | €144,588 | €105,802 | -€38,786 | -26.8% |
| Operating profit (loss) | 9901 | €9,801 | -€4,604 | -€14,405 | |
| Financial income | 75/76B | €604 | €862 | +€258 | +42.8% |
| Recurring financial income | 75 | €604 | €862 | +€258 | +42.8% |
| Financial charges | 65/66B | €6,931 | €9,014 | +€2,083 | +30.0% |
| Recurring financial charges | 65 | €6,931 | €9,014 | +€2,083 | +30.0% |
| Profit (loss) for the period before taxes | 9903 | €3,474 | -€12,755 | -€16,229 | |
| Income taxes | 67/77 | €3,247 | €209 | -€3,038 | -93.6% |
| Profit (loss) for the period | 9904 | €227 | -€12,964 | -€13,191 | |
| Profit (loss) for the period to be appropriated | 9905 | €227 | -€12,964 | -€13,191 |
Source: filed annual accounts (NBB), financial years ended 31 March 2024 and 31 March 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 17 October 2026 via checked.be.