JAQ Engineering: 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.
JAQ Engineering
Largest movements
- Financial fixed assets +€188,000
up €188,000 (+382.4%), from €49,167 to €237,167
- Cash +€37,335
up €37,335 (+78.7%), from €47,411 to €84,747
mainly Debts after one year (+€174,736) and Current portion of long-term debt (+€25,264)
- Debts after one year +€174,736
new in 2025: €174,736
- Current portion of long-term debt +€25,264
new in 2025: €25,264
- Reserves +€20,560
up €20,560 (+53.7%), from €38,300 to €58,860
- Tax, wage and social debts +€13,705
up €13,705 (+146.0%), from €9,388 to €23,093
- Other debts -€4,245
down €4,245 (-7.3%), from €58,185 to €53,940
- Financial charges +€4,317
up €4,317 (+113.8%), from €3,792 to €8,109
- Gross operating margin -€2,682
down €2,682 (-6.2%), from €43,206 to €40,524
- Taxes -€2,543
down €2,543 (-18.8%), from €13,559 to €11,016
- Depreciation +€658
up €658 (+164.6%), from €400 to €1,058
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 | €111,734 | €340,393 | +€228,659 | +204.6% |
| Fixed assets | 21/28 | €52,578 | €241,319 | +€188,741 | +359.0% |
| Tangible fixed assets | 22/27 | €3,411 | €4,152 | +€741 | +21.7% |
| Plant, machinery and equipment | 23 | €2,240 | €3,316 | +€1,076 | +48.0% |
| Furniture and vehicles | 24 | €1,172 | €836 | -€335 | -28.6% |
| Financial fixed assets | 28 | €49,167 | €237,167 | +€188,000 | +382.4% |
| Current assets | 29/58 | €59,157 | €99,075 | +€39,918 | +67.5% |
| Amounts receivable within one year | 40/41 | €10,614 | €13,261 | +€2,647 | +24.9% |
| Trade receivables | 40 | €10,614 | €13,261 | +€2,647 | +24.9% |
| Cash at bank and in hand | 54/58 | €47,411 | €84,747 | +€37,335 | +78.7% |
| Deferred charges and accrued income | 490/1 | €1,131 | €1,066 | -€65 | -5.7% |
| Total equity and liabilities | 10/49 | €111,734 | €340,393 | +€228,659 | +204.6% |
| Equity | 10/15 | €40,342 | €60,904 | +€20,562 | +51.0% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Outside capital | 11 | €2,000 | €2,000 | = | 0.0% |
| Other | 1109/19 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €38,300 | €58,860 | +€20,560 | +53.7% |
| Distributable reserves | 133 | €38,300 | €58,860 | +€20,560 | +53.7% |
| Profit (loss) carried forward | 14 | €42 | €44 | +€2 | +3.9% |
| Amounts payable | 17/49 | €71,392 | €279,489 | +€208,097 | +291.5% |
| Amounts payable after more than one year | 17 | - | €174,736 | +€174,736 | |
| Financial debts | 170/4 | - | €174,736 | +€174,736 | |
| Amounts payable within one year | 42/48 | €71,392 | €104,753 | +€33,361 | +46.7% |
| Current portion of amounts payable after more than one year | 42 | - | €25,264 | +€25,264 | |
| Trade debts | 44 | €3,819 | €2,456 | -€1,363 | -35.7% |
| Suppliers | 440/4 | €3,819 | €2,456 | -€1,363 | -35.7% |
| Taxes, remuneration and social security | 45 | €9,388 | €23,093 | +€13,705 | +146.0% |
| Taxes | 450/3 | €9,388 | €23,093 | +€13,705 | +146.0% |
| Other amounts payable | 47/48 | €58,185 | €53,940 | -€4,245 | -7.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €400 | €1,058 | +€658 | +164.6% |
| Other operating charges | 640/8 | €64 | €174 | +€110 | +172.6% |
| Gross operating margin | 9900 | €43,206 | €40,524 | -€2,682 | -6.2% |
| Operating profit (loss) | 9901 | €42,742 | €39,292 | -€3,450 | -8.1% |
| Financial income | 75/76B | €129 | €395 | +€266 | +206.0% |
| Recurring financial income | 75 | €129 | €395 | +€266 | +206.0% |
| Financial charges | 65/66B | €3,792 | €8,109 | +€4,317 | +113.8% |
| Recurring financial charges | 65 | €3,792 | €8,109 | +€4,317 | +113.8% |
| Profit (loss) for the period before taxes | 9903 | €39,079 | €31,577 | -€7,501 | -19.2% |
| Income taxes | 67/77 | €13,559 | €11,016 | -€2,543 | -18.8% |
| Profit (loss) for the period | 9904 | €25,520 | €20,562 | -€4,958 | -19.4% |
| Profit (loss) for the period to be appropriated | 9905 | €25,520 | €20,562 | -€4,958 | -19.4% |
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 5 October 2026 via checked.be.