JAMI: 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.
JAMI
Largest movements
- Tangible fixed assets -€49,895
down €49,895 (-4.5%), from €1.1m to €1.1m
of which Land and buildings: -€49,190
- Cash +€45,371
up €45,371 (+29.2%), from €155,251 to €200,622
mainly Depreciation (+€54,854) and Net result for the year (+€29,623)
- Other debts -€38,410
down €38,410 (-73.8%), from €52,079 to €13,670
- Reserves +€29,623
up €29,623 (+6.6%), from €448,873 to €478,496
of which Distributable reserves: +€29,623
- Gross operating margin +€34,736
up €34,736 (+44.4%), from €78,312 to €113,047
- Taxes +€9,857
up €9,857 (+4990.8%), from €198 to €10,055
- Depreciation -€4,053
down €4,053 (-6.9%), from €58,907 to €54,854
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 | €1,271,472 | €1,264,058 | -€7,415 | -0.6% |
| Fixed assets | 21/28 | €1,106,641 | €1,056,746 | -€49,895 | -4.5% |
| Tangible fixed assets | 22/27 | €1,105,617 | €1,055,721 | -€49,895 | -4.5% |
| Land and buildings | 22 | €1,104,060 | €1,054,871 | -€49,190 | -4.5% |
| Furniture and vehicles | 24 | €1,134 | €851 | -€283 | -25.0% |
| Other tangible fixed assets | 26 | €422 | €0 | -€422 | -100.0% |
| Financial fixed assets | 28 | €1,024 | €1,024 | = | 0.0% |
| Current assets | 29/58 | €164,831 | €207,312 | +€42,481 | +25.8% |
| Amounts receivable within one year | 40/41 | €2,302 | €0 | -€2,302 | -100.0% |
| Other amounts receivable | 41 | €2,302 | €0 | -€2,302 | -100.0% |
| Cash at bank and in hand | 54/58 | €155,251 | €200,622 | +€45,371 | +29.2% |
| Deferred charges and accrued income | 490/1 | €7,278 | €6,690 | -€588 | -8.1% |
| Total equity and liabilities | 10/49 | €1,271,472 | €1,264,058 | -€7,415 | -0.6% |
| Equity | 10/15 | €1,214,189 | €1,243,811 | +€29,623 | +2.4% |
| Contributions | 10/11 | €686,500 | €686,500 | = | 0.0% |
| Capital | 10 | €686,500 | €686,500 | = | 0.0% |
| Issued capital | 100 | €686,500 | €686,500 | = | 0.0% |
| Reserves | 13 | €448,873 | €478,496 | +€29,623 | +6.6% |
| Non-distributable reserves | 130/1 | €68,650 | €68,650 | = | 0.0% |
| Legal reserve | 130 | €68,650 | €68,650 | = | 0.0% |
| Tax-exempt reserves | 132 | €3,942 | €3,942 | = | 0.0% |
| Distributable reserves | 133 | €376,282 | €405,904 | +€29,623 | +7.9% |
| Profit (loss) carried forward | 14 | €78,816 | €78,816 | = | 0.0% |
| Amounts payable | 17/49 | €57,284 | €20,246 | -€37,037 | -64.7% |
| Amounts payable within one year | 42/48 | €57,284 | €20,246 | -€37,037 | -64.7% |
| Trade debts | 44 | €2,746 | €474 | -€2,273 | -82.8% |
| Suppliers | 440/4 | €2,746 | €474 | -€2,273 | -82.8% |
| Taxes, remuneration and social security | 45 | €2,458 | €6,103 | +€3,645 | +148.3% |
| Taxes | 450/3 | €758 | €6,103 | +€5,345 | +705.2% |
| Remuneration and social security | 454/9 | €1,700 | €0 | -€1,700 | -100.0% |
| Other amounts payable | 47/48 | €52,079 | €13,670 | -€38,410 | -73.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €58,907 | €54,854 | -€4,053 | -6.9% |
| Other operating charges | 640/8 | €15,737 | €16,566 | +€829 | +5.3% |
| Gross operating margin | 9900 | €78,312 | €113,047 | +€34,736 | +44.4% |
| Operating profit (loss) | 9901 | €3,668 | €41,628 | +€37,960 | +1034.9% |
| Financial charges | 65/66B | €2,662 | €1,950 | -€711 | -26.7% |
| Recurring financial charges | 65 | €2,662 | €1,950 | -€711 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €1,006 | €39,677 | +€38,671 | +3843.2% |
| Income taxes | 67/77 | €198 | €10,055 | +€9,857 | +4990.8% |
| Profit (loss) for the period | 9904 | €809 | €29,623 | +€28,814 | +3562.9% |
| Profit (loss) for the period to be appropriated | 9905 | €809 | €29,623 | +€28,814 | +3562.9% |
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.