JAX: 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.
JAX
Largest movements
- Cash +€34,422
up €34,422 (+141.7%), from €24,291 to €58,713
mainly Net result for the year (+€88,715) and Other debts (+€70,264)
- Receivables within one year +€22,359
up €22,359 (+223.6%), from €10,000 to €32,359
of which Trade receivables: +€22,359
- Other debts +€70,264
up €70,264 (+585.1%), from €12,009 to €82,273
- Reserves -€17,450
no longer reported in 2025 (was €17,450)
- Tax, wage and social debts +€8,904
up €8,904 (+227.5%), from €3,914 to €12,817
- Debts after one year -€2,376
no longer reported in 2025 (was €2,376)
- Trade debts -€2,040
down €2,040 (-76.3%), from €2,674 to €635
- Gross operating margin +€109,389
up €109,389 (+432.1%), from €25,313 to €134,702
- Taxes +€21,339
up €21,339 (+397.2%), from €5,372 to €26,711
- Financial charges +€13,776
up €13,776 (+3076.6%), from €448 to €14,224
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 | €43,191 | €100,676 | +€57,485 | +133.1% |
| Fixed assets | 21/28 | €8,900 | €9,604 | +€704 | +7.9% |
| Intangible fixed assets | 21 | €850 | €550 | -€300 | -35.3% |
| Tangible fixed assets | 22/27 | €8,050 | €9,054 | +€1,004 | +12.5% |
| Plant, machinery and equipment | 23 | €992 | €4,157 | +€3,165 | +319.2% |
| Furniture and vehicles | 24 | €6,492 | €4,531 | -€1,961 | -30.2% |
| Other tangible fixed assets | 26 | €567 | €367 | -€200 | -35.3% |
| Current assets | 29/58 | €34,291 | €91,072 | +€56,781 | +165.6% |
| Amounts receivable within one year | 40/41 | €10,000 | €32,359 | +€22,359 | +223.6% |
| Trade receivables | 40 | - | €22,359 | +€22,359 | |
| Other amounts receivable | 41 | €10,000 | €10,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €24,291 | €58,713 | +€34,422 | +141.7% |
| Total equity and liabilities | 10/49 | €43,191 | €100,676 | +€57,485 | +133.1% |
| Equity | 10/15 | €19,467 | €2,032 | -€17,435 | -89.6% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €17,450 | - | -€17,450 | |
| Distributable reserves | 133 | €17,450 | - | -€17,450 | |
| Profit (loss) carried forward | 14 | €17 | €32 | +€15 | +90.5% |
| Amounts payable | 17/49 | €23,724 | €98,643 | +€74,920 | +315.8% |
| Amounts payable after more than one year | 17 | €2,376 | - | -€2,376 | |
| Financial debts | 170/4 | €2,376 | - | -€2,376 | |
| Amounts payable within one year | 42/48 | €21,082 | €98,101 | +€77,018 | +365.3% |
| Current portion of amounts payable after more than one year | 42 | €2,485 | €2,376 | -€109 | -4.4% |
| Trade debts | 44 | €2,674 | €635 | -€2,040 | -76.3% |
| Suppliers | 440/4 | €2,674 | €635 | -€2,040 | -76.3% |
| Taxes, remuneration and social security | 45 | €3,914 | €12,817 | +€8,904 | +227.5% |
| Taxes | 450/3 | €3,914 | €12,817 | +€8,904 | +227.5% |
| Other amounts payable | 47/48 | €12,009 | €82,273 | +€70,264 | +585.1% |
| Accrued charges and deferred income | 492/3 | €265 | €543 | +€278 | +104.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €2,087 | €2,892 | +€805 | +38.5% |
| Other operating charges | 640/8 | €1,244 | €2,159 | +€915 | +73.6% |
| Gross operating margin | 9900 | €25,313 | €134,702 | +€109,389 | +432.1% |
| Operating profit (loss) | 9901 | €21,982 | €129,651 | +€107,669 | +489.8% |
| Financial charges | 65/66B | €448 | €14,224 | +€13,776 | +3076.6% |
| Recurring financial charges | 65 | €448 | €14,224 | +€13,776 | +3076.6% |
| Profit (loss) for the period before taxes | 9903 | €21,534 | €115,427 | +€93,893 | +436.0% |
| Income taxes | 67/77 | €5,372 | €26,711 | +€21,339 | +397.2% |
| Profit (loss) for the period | 9904 | €16,162 | €88,715 | +€72,553 | +448.9% |
| Profit (loss) for the period to be appropriated | 9905 | €16,162 | €88,715 | +€72,553 | +448.9% |
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.