JAZA: 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.
JAZA
Largest movements
- Receivables within one year -€24,941
no longer reported in 2025 (was €24,941)
of which Trade receivables: -€22,273
- Cash +€15,132
up €15,132 (+128%), from €11,798 to €26,931
mainly Receivables within one year (+€24,941) and Net result for the year (+€9,687)
- Stocks and contracts +€1,000
up €1,000 (+11.6%), from €8,635 to €9,635
- Tangible fixed assets -€760
no longer reported in 2025 (was €760)
- Trade debts -€19,714
down €19,714 (-89.7%), from €21,968 to €2,254
- Profit (loss) carried forward +€9,687
up €9,687 (+36.5%), from -€26,571 to -€16,884
- Tax, wage and social debts +€1,429
new in 2025: €1,429
- Other debts -€970
down €970 (-3.0%), from €32,102 to €31,132
- Depreciation +€760
new in 2025: €760
- Other operating charges +€456
new in 2025: €456
- Gross operating margin +€211
up €211 (+2.0%), from €10,739 to €10,950
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 | €46,134 | €36,566 | -€9,569 | -20.7% |
| Fixed assets | 21/28 | €760 | - | -€760 | |
| Tangible fixed assets | 22/27 | €760 | - | -€760 | |
| Other tangible fixed assets | 26 | €760 | - | -€760 | |
| Current assets | 29/58 | €45,374 | €36,566 | -€8,809 | -19.4% |
| Stocks and contracts in progress | 3 | €8,635 | €9,635 | +€1,000 | +11.6% |
| Stocks | 30/36 | €8,635 | €9,635 | +€1,000 | +11.6% |
| Amounts receivable within one year | 40/41 | €24,941 | - | -€24,941 | |
| Trade receivables | 40 | €22,273 | - | -€22,273 | |
| Other amounts receivable | 41 | €2,668 | - | -€2,668 | |
| Cash at bank and in hand | 54/58 | €11,798 | €26,931 | +€15,132 | +128% |
| Total equity and liabilities | 10/49 | €46,134 | €36,566 | -€9,569 | -20.7% |
| Equity | 10/15 | -€7,936 | €1,752 | +€9,687 | |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Contributions outside capital | 11 | €18,600 | €18,600 | = | 0.0% |
| Share premium | 1100/10 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €35 | €35 | = | 0.0% |
| Non-distributable reserves | 130/1 | €35 | €35 | = | 0.0% |
| Other | 1319 | €35 | €35 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€26,571 | -€16,884 | +€9,687 | +36.5% |
| Amounts payable | 17/49 | €54,070 | €34,814 | -€19,256 | -35.6% |
| Amounts payable within one year | 42/48 | €54,070 | €34,814 | -€19,256 | -35.6% |
| Trade debts | 44 | €21,968 | €2,254 | -€19,714 | -89.7% |
| Suppliers | 440/4 | €21,968 | €2,254 | -€19,714 | -89.7% |
| Taxes, remuneration and social security | 45 | - | €1,429 | +€1,429 | |
| Remuneration and social security | 454/9 | - | €1,429 | +€1,429 | |
| Other amounts payable | 47/48 | €32,102 | €31,132 | -€970 | -3.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | - | €760 | +€760 | |
| Other operating charges | 640/8 | - | €456 | +€456 | |
| Gross operating margin | 9900 | €10,739 | €10,950 | +€211 | +2.0% |
| Operating profit (loss) | 9901 | €10,739 | €9,735 | -€1,004 | -9.4% |
| Financial charges | 65/66B | €49 | €48 | -€1 | -2.2% |
| Recurring financial charges | 65 | €49 | €48 | -€1 | -2.2% |
| Profit (loss) for the period before taxes | 9903 | €10,691 | €9,687 | -€1,003 | -9.4% |
| Profit (loss) for the period | 9904 | €10,691 | €9,687 | -€1,003 | -9.4% |
| Profit (loss) for the period to be appropriated | 9905 | €10,691 | €9,687 | -€1,003 | -9.4% |
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 18 October 2026 via checked.be.