JAU - GD: 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.
JAU - GD
Largest movements
- Receivables within one year +€6,822
up €6,822 (+247%), from €2,762 to €9,584
of which Other amounts receivable: +€5,822
- Cash +€1,811
up €1,811 (+68.9%), from €2,627 to €4,438
mainly Net result for the year (+€6,694) and Depreciation (+€3,028)
- Tangible fixed assets -€1,569
down €1,569 (-19.1%), from €8,196 to €6,627
of which Furniture and vehicles: -€1,260
- Deferred charges and accrued income -€238
down €238 (-23.9%), from €993 to €755
- Profit (loss) carried forward +€6,694
up €6,694 (+4.9%), from -€136,671 to -€129,977
- Trade debts +€892
up €892 (+49.8%), from €1,793 to €2,685
- Current portion of long-term debt -€878
down €878 (-0.7%), from €125,878 to €125,000
- Gross operating margin -€3,307
down €3,307 (-15.1%), from €21,958 to €18,651
- Financial charges -€2,052
down €2,052 (-23.3%), from €8,796 to €6,744
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 | €14,577 | €21,404 | +€6,826 | +46.8% |
| Fixed assets | 21/28 | €8,196 | €6,627 | -€1,569 | -19.1% |
| Tangible fixed assets | 22/27 | €8,196 | €6,627 | -€1,569 | -19.1% |
| Furniture and vehicles | 24 | €3,433 | €2,173 | -€1,260 | -36.7% |
| Other tangible fixed assets | 26 | €4,762 | €4,453 | -€309 | -6.5% |
| Current assets | 29/58 | €6,382 | €14,777 | +€8,395 | +132% |
| Amounts receivable within one year | 40/41 | €2,762 | €9,584 | +€6,822 | +247% |
| Trade receivables | 40 | €1,040 | €2,040 | +€1,000 | +96.2% |
| Other amounts receivable | 41 | €1,722 | €7,544 | +€5,822 | +338% |
| Cash at bank and in hand | 54/58 | €2,627 | €4,438 | +€1,811 | +68.9% |
| Deferred charges and accrued income | 490/1 | €993 | €755 | -€238 | -23.9% |
| Total equity and liabilities | 10/49 | €14,577 | €21,404 | +€6,826 | +46.8% |
| Equity | 10/15 | -€118,071 | -€111,377 | +€6,694 | +5.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€136,671 | -€129,977 | +€6,694 | +4.9% |
| Amounts payable | 17/49 | €132,648 | €132,780 | +€132 | +0.1% |
| Amounts payable within one year | 42/48 | €132,648 | €132,780 | +€132 | +0.1% |
| Current portion of amounts payable after more than one year | 42 | €125,878 | €125,000 | -€878 | -0.7% |
| Trade debts | 44 | €1,793 | €2,685 | +€892 | +49.8% |
| Suppliers | 440/4 | €1,793 | €2,685 | +€892 | +49.8% |
| Taxes, remuneration and social security | 45 | €2,947 | €3,065 | +€118 | +4.0% |
| Taxes | 450/3 | €2,947 | €3,065 | +€118 | +4.0% |
| Other amounts payable | 47/48 | €2,030 | €2,030 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,851 | €3,028 | +€177 | +6.2% |
| Other operating charges | 640/8 | €1,430 | €1,480 | +€49 | +3.5% |
| Gross operating margin | 9900 | €21,958 | €18,651 | -€3,307 | -15.1% |
| Operating profit (loss) | 9901 | €17,677 | €14,144 | -€3,534 | -20.0% |
| Financial income | 75/76B | €0 | - | -€0 | |
| Recurring financial income | 75 | €0 | - | -€0 | |
| Financial charges | 65/66B | €8,796 | €6,744 | -€2,052 | -23.3% |
| Recurring financial charges | 65 | €8,796 | €6,744 | -€2,052 | -23.3% |
| Profit (loss) for the period before taxes | 9903 | €8,881 | €7,400 | -€1,482 | -16.7% |
| Income taxes | 67/77 | €686 | €706 | +€20 | +2.9% |
| Profit (loss) for the period | 9904 | €8,195 | €6,694 | -€1,502 | -18.3% |
| Profit (loss) for the period to be appropriated | 9905 | €8,195 | €6,694 | -€1,502 | -18.3% |
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 20 October 2026 via checked.be.