JASMAU: 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.
JASMAU
Largest movements
- Receivables within one year +€81,420
up €81,420 (+124.4%), from €65,453 to €146,872
of which Trade receivables: +€81,411
- Current investments +€64,130
up €64,130 (+25.5%), from €251,279 to €315,410
- Tangible fixed assets -€12,545
down €12,545 (-28.9%), from €43,447 to €30,902
of which Furniture and vehicles: -€12,185
- Cash +€6,305
up €6,305 (+39.3%), from €16,053 to €22,359
mainly Net result for the year (+€252,091) and Tax, wage and social debts (+€40,112)
- Profit (loss) carried forward +€96,726
up €96,726 (+62.3%), from €155,235 to €251,961
- Tax, wage and social debts +€40,112
up €40,112 (+81.0%), from €49,531 to €89,644
of which Taxes: +€40,069
- Gross operating margin +€125,223
up €125,223 (+55.5%), from €225,718 to €350,941
- Taxes +€34,504
up €34,504 (+68.3%), from €50,544 to €85,048
- Depreciation -€5,862
down €5,862 (-29.9%), from €19,579 to €13,717
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 | €379,165 | €518,031 | +€138,865 | +36.6% |
| Fixed assets | 21/28 | €43,447 | €30,902 | -€12,545 | -28.9% |
| Tangible fixed assets | 22/27 | €43,447 | €30,902 | -€12,545 | -28.9% |
| Plant, machinery and equipment | 23 | €360 | - | -€360 | |
| Furniture and vehicles | 24 | €43,087 | €30,902 | -€12,185 | -28.3% |
| Current assets | 29/58 | €335,719 | €487,129 | +€151,411 | +45.1% |
| Amounts receivable within one year | 40/41 | €65,453 | €146,872 | +€81,420 | +124.4% |
| Trade receivables | 40 | €65,361 | €146,772 | +€81,411 | +124.6% |
| Other amounts receivable | 41 | €92 | €100 | +€9 | +9.7% |
| Current investments | 50/53 | €251,279 | €315,410 | +€64,130 | +25.5% |
| Cash at bank and in hand | 54/58 | €16,053 | €22,359 | +€6,305 | +39.3% |
| Deferred charges and accrued income | 490/1 | €2,933 | €2,488 | -€445 | -15.2% |
| Total equity and liabilities | 10/49 | €379,165 | €518,031 | +€138,865 | +36.6% |
| Equity | 10/15 | €309,343 | €406,070 | +€96,726 | +31.3% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Capital | 10 | €5,000 | - | -€5,000 | |
| Issued capital | 100 | €5,000 | - | -€5,000 | |
| Reserves | 13 | €149,109 | €149,109 | = | 0.0% |
| Distributable reserves | 133 | €149,109 | €149,109 | = | 0.0% |
| Profit (loss) carried forward | 14 | €155,235 | €251,961 | +€96,726 | +62.3% |
| Amounts payable | 17/49 | €69,822 | €111,961 | +€42,139 | +60.4% |
| Amounts payable within one year | 42/48 | €69,822 | €111,961 | +€42,139 | +60.4% |
| Trade debts | 44 | €14,075 | €11,337 | -€2,738 | -19.5% |
| Suppliers | 440/4 | €14,075 | €11,337 | -€2,738 | -19.5% |
| Taxes, remuneration and social security | 45 | €49,531 | €89,644 | +€40,112 | +81.0% |
| Taxes | 450/3 | €44,531 | €84,600 | +€40,069 | +90.0% |
| Remuneration and social security | 454/9 | €5,000 | €5,043 | +€43 | +0.9% |
| Other amounts payable | 47/48 | €6,215 | €10,981 | +€4,765 | +76.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €19,579 | €13,717 | -€5,862 | -29.9% |
| Other operating charges | 640/8 | €896 | €956 | +€61 | +6.8% |
| Gross operating margin | 9900 | €225,718 | €350,941 | +€125,223 | +55.5% |
| Operating profit (loss) | 9901 | €205,243 | €336,268 | +€131,025 | +63.8% |
| Financial income | 75/76B | €688 | €1,134 | +€446 | +64.8% |
| Recurring financial income | 75 | €688 | €1,134 | +€446 | +64.8% |
| Financial charges | 65/66B | €153 | €264 | +€111 | +72.8% |
| Recurring financial charges | 65 | €153 | €264 | +€111 | +72.8% |
| Profit (loss) for the period before taxes | 9903 | €205,778 | €337,138 | +€131,360 | +63.8% |
| Income taxes | 67/77 | €50,544 | €85,048 | +€34,504 | +68.3% |
| Profit (loss) for the period | 9904 | €155,235 | €252,091 | +€96,856 | +62.4% |
| Profit (loss) for the period to be appropriated | 9905 | €155,235 | €252,091 | +€96,856 | +62.4% |
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 1 October 2026 via checked.be.