JAMICO: 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.
JAMICO
Largest movements
- Tangible fixed assets -€3,505
down €3,505 (-4.0%), from €88,454 to €84,949
- Cash +€2,713
up €2,713 (+11.2%), from €24,274 to €26,987
mainly Depreciation (+€4,043) and Trade debts (+€30)
- Reserves -€1,347
down €1,347 (-1.0%), from €134,635 to €133,288
of which Tax-exempt reserves: -€4,161
- Gross operating margin +€1,804
up €1,804 (+80.6%), from €2,239 to €4,043
- Other operating charges +€65
up €65 (+5.8%), from €1,129 to €1,194
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 | €125,633 | €124,303 | -€1,329 | -1.1% |
| Fixed assets | 21/28 | €101,359 | €97,316 | -€4,043 | -4.0% |
| Intangible fixed assets | 21 | €12,905 | €12,367 | -€538 | -4.2% |
| Tangible fixed assets | 22/27 | €88,454 | €84,949 | -€3,505 | -4.0% |
| Land and buildings | 22 | €88,454 | €84,949 | -€3,505 | -4.0% |
| Current assets | 29/58 | €24,274 | €26,987 | +€2,713 | +11.2% |
| Cash at bank and in hand | 54/58 | €24,274 | €26,987 | +€2,713 | +11.2% |
| Total equity and liabilities | 10/49 | €125,633 | €124,303 | -€1,329 | -1.1% |
| Equity | 10/15 | €125,620 | €124,273 | -€1,347 | -1.1% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Reserves | 13 | €134,635 | €133,288 | -€1,347 | -1.0% |
| Non-distributable reserves | 130/1 | €5,755 | €5,896 | +€141 | +2.4% |
| Legal reserve | 130 | €5,755 | €5,896 | +€141 | +2.4% |
| Tax-exempt reserves | 132 | €112,359 | €108,199 | -€4,161 | -3.7% |
| Distributable reserves | 133 | €16,520 | €19,194 | +€2,673 | +16.2% |
| Profit (loss) carried forward | 14 | -€70,515 | -€70,515 | = | 0.0% |
| Amounts payable | 17/49 | €13 | €30 | +€17 | +135.6% |
| Amounts payable within one year | 42/48 | - | €30 | +€30 | |
| Trade debts | 44 | - | €30 | +€30 | |
| Suppliers | 440/4 | - | €30 | +€30 | |
| Accrued charges and deferred income | 492/3 | €13 | - | -€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €4,043 | €4,043 | +€0 | 0.0% |
| Other operating charges | 640/8 | €1,129 | €1,194 | +€65 | +5.8% |
| Gross operating margin | 9900 | €2,239 | €4,043 | +€1,804 | +80.6% |
| Operating profit (loss) | 9901 | -€2,932 | -€1,193 | +€1,739 | +59.3% |
| Financial charges | 65/66B | €153 | €153 | +€0 | +0.1% |
| Recurring financial charges | 65 | €153 | €153 | +€0 | +0.1% |
| Profit (loss) for the period before taxes | 9903 | -€3,086 | -€1,347 | +€1,739 | +56.4% |
| Profit (loss) for the period | 9904 | -€3,086 | -€1,347 | +€1,739 | +56.4% |
| Transfer from tax-exempt reserves | 789 | €4,161 | €4,161 | = | 0.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,075 | €2,814 | +€1,739 | +161.7% |
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 2 October 2026 via checked.be.