JAY'Z: 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.
JAY'Z
Largest movements
- Cash +€5,122
up €5,122 (+30.2%), from €16,956 to €22,078
mainly Depreciation (+€7,296) and Tax, wage and social debts (+€6,794)
- Tangible fixed assets -€4,943
down €4,943 (-21.0%), from €23,517 to €18,574
of which Other tangible fixed assets: -€2,908
- Stocks and contracts +€3,427
up €3,427 (+34.8%), from €9,855 to €13,282
- Tax, wage and social debts +€6,794
up €6,794 (+33.9%), from €20,027 to €26,821
of which Taxes: +€3,618
- Trade debts -€5,988
down €5,988 (-23.4%), from €25,617 to €19,629
- Profit (loss) carried forward +€2,485
up €2,485 (+27.2%), from -€9,147 to -€6,662
- Staff costs -€28,448
down €28,448 (-27.3%), from €104,198 to €75,750
- Gross operating margin -€20,070
down €20,070 (-18.1%), from €110,983 to €90,913
- Taxes +€2,165
up €2,165, from -€15 to €2,150
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 | €61,898 | €65,188 | +€3,290 | +5.3% |
| Fixed assets | 21/28 | €23,517 | €18,574 | -€4,943 | -21.0% |
| Tangible fixed assets | 22/27 | €23,517 | €18,574 | -€4,943 | -21.0% |
| Plant, machinery and equipment | 23 | €10,111 | €7,297 | -€2,815 | -27.8% |
| Furniture and vehicles | 24 | €284 | €1,064 | +€779 | +274% |
| Other tangible fixed assets | 26 | €13,121 | €10,213 | -€2,908 | -22.2% |
| Current assets | 29/58 | €38,381 | €46,615 | +€8,234 | +21.5% |
| Stocks and contracts in progress | 3 | €9,855 | €13,282 | +€3,427 | +34.8% |
| Stocks | 30/36 | €9,855 | €13,282 | +€3,427 | +34.8% |
| Amounts receivable within one year | 40/41 | €9,436 | €9,648 | +€212 | +2.2% |
| Trade receivables | 40 | €7,279 | €6,685 | -€594 | -8.2% |
| Other amounts receivable | 41 | €2,157 | €2,963 | +€806 | +37.3% |
| Cash at bank and in hand | 54/58 | €16,956 | €22,078 | +€5,122 | +30.2% |
| Deferred charges and accrued income | 490/1 | €2,135 | €1,608 | -€527 | -24.7% |
| Total equity and liabilities | 10/49 | €61,898 | €65,188 | +€3,290 | +5.3% |
| Equity | 10/15 | €3,253 | €5,738 | +€2,485 | +76.4% |
| Contributions | 10/11 | €12,400 | €12,400 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€9,147 | -€6,662 | +€2,485 | +27.2% |
| Amounts payable | 17/49 | €58,645 | €59,450 | +€806 | +1.4% |
| Amounts payable within one year | 42/48 | €58,645 | €59,450 | +€806 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €13,000 | €13,000 | = | 0.0% |
| Trade debts | 44 | €25,617 | €19,629 | -€5,988 | -23.4% |
| Suppliers | 440/4 | €25,617 | €19,629 | -€5,988 | -23.4% |
| Taxes, remuneration and social security | 45 | €20,027 | €26,821 | +€6,794 | +33.9% |
| Taxes | 450/3 | €8,964 | €12,582 | +€3,618 | +40.4% |
| Remuneration and social security | 454/9 | €11,063 | €14,239 | +€3,176 | +28.7% |
| Remuneration, social security and pensions | 62 | €104,198 | €75,750 | -€28,448 | -27.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,633 | €7,296 | +€663 | +10.0% |
| Other operating charges | 640/8 | €1,287 | €2,045 | +€758 | +58.9% |
| Gross operating margin | 9900 | €110,983 | €90,913 | -€20,070 | -18.1% |
| Operating profit (loss) | 9901 | -€1,135 | €5,822 | +€6,958 | |
| Financial income | 75/76B | €80 | €139 | +€59 | +73.7% |
| Recurring financial income | 75 | €80 | €139 | +€59 | +73.7% |
| Financial charges | 65/66B | €1,332 | €1,326 | -€6 | -0.4% |
| Recurring financial charges | 65 | €1,332 | €1,326 | -€6 | -0.4% |
| Profit (loss) for the period before taxes | 9903 | -€2,388 | €4,635 | +€7,022 | |
| Income taxes | 67/77 | -€15 | €2,150 | +€2,165 | |
| Profit (loss) for the period | 9904 | -€2,372 | €2,485 | +€4,857 | |
| Profit (loss) for the period to be appropriated | 9905 | -€2,372 | €2,485 | +€4,857 |
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 14 October 2026 via checked.be.