JASMINA: 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.
JASMINA
Largest movements
- Receivables within one year +€15,790
up €15,790 (+27.0%), from €58,435 to €74,225
of which Other amounts receivable: +€8,672
- Deferred charges and accrued income +€12,923
up €12,923 (+25.4%), from €50,898 to €63,821
- Tangible fixed assets +€6,558
up €6,558 (+17.5%), from €37,407 to €43,965
of which Plant, machinery and equipment: +€10,317
- Cash +€5,182
up €5,182 (+2.0%), from €259,565 to €264,748
mainly Other debts (+€63,583) and Accrued charges and deferred income (+€26,339)
- Other debts +€63,583
up €63,583 (+52.4%), from €121,296 to €184,879
- Accrued charges and deferred income +€26,339
up €26,339 (+57.7%), from €45,659 to €71,999
- Tax, wage and social debts -€22,074
down €22,074 (-16.6%), from €133,002 to €110,928
of which Remuneration and social security: -€22,471
- Profit (loss) carried forward -€21,044
new in 2025: -€21,044
- Trade debts -€6,344
down €6,344 (-11.7%), from €54,342 to €47,998
- Gross operating margin -€297,948
down €297,948 (-30.6%), from €974,368 to €676,420
- Staff costs -€134,603
down €134,603 (-16.7%), from €807,907 to €673,304
- Taxes -€38,128
down €38,128 (-98.2%), from €38,841 to €713
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 | €421,957 | €462,410 | +€40,453 | +9.6% |
| Fixed assets | 21/28 | €39,863 | €46,421 | +€6,558 | +16.5% |
| Tangible fixed assets | 22/27 | €37,407 | €43,965 | +€6,558 | +17.5% |
| Plant, machinery and equipment | 23 | €29,122 | €39,439 | +€10,317 | +35.4% |
| Furniture and vehicles | 24 | €8,285 | €4,526 | -€3,759 | -45.4% |
| Financial fixed assets | 28 | €2,456 | €2,456 | = | 0.0% |
| Current assets | 29/58 | €382,094 | €415,989 | +€33,895 | +8.9% |
| Amounts receivable within one year | 40/41 | €58,435 | €74,225 | +€15,790 | +27.0% |
| Trade receivables | 40 | €52,157 | €59,275 | +€7,118 | +13.6% |
| Other amounts receivable | 41 | €6,278 | €14,950 | +€8,672 | +138.1% |
| Current investments | 50/53 | €13,196 | €13,196 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €259,565 | €264,748 | +€5,182 | +2.0% |
| Deferred charges and accrued income | 490/1 | €50,898 | €63,821 | +€12,923 | +25.4% |
| Total equity and liabilities | 10/49 | €421,957 | €462,410 | +€40,453 | +9.6% |
| Equity | 10/15 | €67,658 | €46,606 | -€21,052 | -31.1% |
| 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 | €6,158 | €6,150 | -€8 | -0.1% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Distributable reserves | 133 | €8 | - | -€8 | |
| Profit (loss) carried forward | 14 | - | -€21,044 | -€21,044 | |
| Amounts payable | 17/49 | €354,299 | €415,804 | +€61,505 | +17.4% |
| Amounts payable within one year | 42/48 | €308,640 | €343,806 | +€35,166 | +11.4% |
| Trade debts | 44 | €54,342 | €47,998 | -€6,344 | -11.7% |
| Suppliers | 440/4 | €54,342 | €47,998 | -€6,344 | -11.7% |
| Taxes, remuneration and social security | 45 | €133,002 | €110,928 | -€22,074 | -16.6% |
| Taxes | 450/3 | €14,000 | €14,397 | +€397 | +2.8% |
| Remuneration and social security | 454/9 | €119,002 | €96,531 | -€22,471 | -18.9% |
| Other amounts payable | 47/48 | €121,296 | €184,879 | +€63,583 | +52.4% |
| Accrued charges and deferred income | 492/3 | €45,659 | €71,999 | +€26,339 | +57.7% |
| Remuneration, social security and pensions | 62 | €807,907 | €673,304 | -€134,603 | -16.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €17,098 | €19,203 | +€2,106 | +12.3% |
| Other operating charges | 640/8 | €3,313 | €4,414 | +€1,101 | +33.2% |
| Gross operating margin | 9900 | €974,368 | €676,420 | -€297,948 | -30.6% |
| Operating profit (loss) | 9901 | €146,050 | -€20,501 | -€166,551 | |
| Financial income | 75/76B | €63 | €887 | +€824 | +1307.9% |
| Recurring financial income | 75 | €63 | €887 | +€824 | +1307.9% |
| Financial charges | 65/66B | €794 | €725 | -€68 | -8.6% |
| Recurring financial charges | 65 | €794 | €725 | -€68 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €145,320 | -€20,339 | -€165,659 | |
| Income taxes | 67/77 | €38,841 | €713 | -€38,128 | -98.2% |
| Profit (loss) for the period | 9904 | €106,479 | -€21,052 | -€127,531 | |
| Profit (loss) for the period to be appropriated | 9905 | €106,479 | -€21,052 | -€127,531 |
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.