JAMILU: 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.
JAMILU
Largest movements
- Receivables within one year -€131,512
down €131,512 (-47.2%), from €278,445 to €146,934
of which Trade receivables: -€110,091
- Tangible fixed assets -€18,280
down €18,280 (-3.6%), from €504,934 to €486,654
of which Land and buildings: -€16,370
- Deferred charges and accrued income +€12,235
up €12,235 (+354%), from €3,461 to €15,696
- Financial fixed assets +€9,594
up €9,594 (+154%), from €6,231 to €15,825
- Debts after one year -€70,880
down €70,880 (-18.5%), from €383,035 to €312,155
- Trade debts -€68,077
down €68,077 (-51.8%), from €131,444 to €63,367
- Profit (loss) carried forward -€34,579
down €34,579, from €6,447 to -€28,132
- Other debts +€19,912
up €19,912 (+18.5%), from €107,517 to €127,429
- Tax, wage and social debts +€12,757
up €12,757 (+43.3%), from €29,428 to €42,185
of which Remuneration and social security: +€11,630
- Gross operating margin -€79,590
down €79,590 (-48.7%), from €163,414 to €83,824
- Staff costs +€17,810
up €17,810 (+114%), from €15,665 to €33,475
- Financial charges +€4,568
up €4,568 (+37.2%), from €12,286 to €16,854
- Depreciation -€2,590
down €2,590 (-3.7%), from €69,337 to €66,748
- Taxes -€2,500
no longer reported in 2025 (was €2,500)
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 | €811,067 | €682,546 | -€128,521 | -15.8% |
| Fixed assets | 21/28 | €511,165 | €502,479 | -€8,686 | -1.7% |
| Tangible fixed assets | 22/27 | €504,934 | €486,654 | -€18,280 | -3.6% |
| Land and buildings | 22 | €312,786 | €296,415 | -€16,370 | -5.2% |
| Plant, machinery and equipment | 23 | €171,489 | €156,525 | -€14,964 | -8.7% |
| Furniture and vehicles | 24 | €20,659 | €33,714 | +€13,054 | +63.2% |
| Financial fixed assets | 28 | €6,231 | €15,825 | +€9,594 | +154% |
| Current assets | 29/58 | €299,901 | €180,066 | -€119,835 | -40.0% |
| Stocks and contracts in progress | 3 | €1,240 | €3,911 | +€2,671 | +215% |
| Stocks | 30/36 | €1,240 | €3,911 | +€2,671 | +215% |
| Amounts receivable within one year | 40/41 | €278,445 | €146,934 | -€131,512 | -47.2% |
| Trade receivables | 40 | €256,935 | €146,843 | -€110,091 | -42.8% |
| Other amounts receivable | 41 | €21,511 | €90 | -€21,420 | -99.6% |
| Cash at bank and in hand | 54/58 | €16,756 | €13,526 | -€3,230 | -19.3% |
| Deferred charges and accrued income | 490/1 | €3,461 | €15,696 | +€12,235 | +354% |
| Total equity and liabilities | 10/49 | €811,067 | €682,546 | -€128,521 | -15.8% |
| Equity | 10/15 | €107,952 | €72,700 | -€35,251 | -32.7% |
| Contributions | 10/11 | €62,200 | €62,200 | = | 0.0% |
| Reserves | 13 | €38,220 | €38,220 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,220 | €6,220 | = | 0.0% |
| Reserves not available under the articles | 1311 | €6,220 | €6,220 | = | 0.0% |
| Distributable reserves | 133 | €32,000 | €32,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €6,447 | -€28,132 | -€34,579 | |
| Investment grants | 15 | €1,085 | €413 | -€673 | -62.0% |
| Amounts payable | 17/49 | €703,115 | €609,845 | -€93,269 | -13.3% |
| Amounts payable after more than one year | 17 | €383,035 | €312,155 | -€70,880 | -18.5% |
| Financial debts | 170/4 | €383,035 | €312,155 | -€70,880 | -18.5% |
| Amounts payable within one year | 42/48 | €319,162 | €293,778 | -€25,384 | -8.0% |
| Current portion of amounts payable after more than one year | 42 | €50,772 | €60,797 | +€10,025 | +19.7% |
| Trade debts | 44 | €131,444 | €63,367 | -€68,077 | -51.8% |
| Suppliers | 440/4 | €131,444 | €63,367 | -€68,077 | -51.8% |
| Taxes, remuneration and social security | 45 | €29,428 | €42,185 | +€12,757 | +43.3% |
| Taxes | 450/3 | €6,613 | €7,739 | +€1,126 | +17.0% |
| Remuneration and social security | 454/9 | €22,815 | €34,446 | +€11,630 | +51.0% |
| Other amounts payable | 47/48 | €107,517 | €127,429 | +€19,912 | +18.5% |
| Accrued charges and deferred income | 492/3 | €918 | €3,913 | +€2,995 | +326% |
| Remuneration, social security and pensions | 62 | €15,665 | €33,475 | +€17,810 | +114% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,337 | €66,748 | -€2,590 | -3.7% |
| Other operating charges | 640/8 | €1,342 | €1,526 | +€184 | +13.7% |
| Gross operating margin | 9900 | €163,414 | €83,824 | -€79,590 | -48.7% |
| Operating profit (loss) | 9901 | €77,069 | -€17,925 | -€94,995 | |
| Financial income | 75/76B | €361 | €201 | -€160 | -44.4% |
| Recurring financial income | 75 | €361 | €201 | -€160 | -44.4% |
| Financial charges | 65/66B | €12,286 | €16,854 | +€4,568 | +37.2% |
| Recurring financial charges | 65 | €12,286 | €16,854 | +€4,568 | +37.2% |
| Profit (loss) for the period before taxes | 9903 | €65,144 | -€34,579 | -€99,723 | |
| Income taxes | 67/77 | €2,500 | - | -€2,500 | |
| Profit (loss) for the period | 9904 | €62,644 | -€34,579 | -€97,223 | |
| Profit (loss) for the period to be appropriated | 9905 | €62,644 | -€34,579 | -€97,223 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 16 October 2026 via checked.be.