JAZECO: 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.
JAZECO
Largest movements
- Receivables within one year -€21,585
down €21,585 (-21.8%), from €99,143 to €77,557
of which Trade receivables: -€20,261
- Cash -€7,257
down €7,257 (-88.8%), from €8,176 to €919
mainly Net result for the year (-€14,936) and Tax, wage and social debts (-€9,430)
- Financial fixed assets +€3,000
up €3,000 (+300%), from €1,000 to €4,000
- Profit (loss) carried forward -€14,936
new in 2025: -€14,936
- Tax, wage and social debts -€9,430
down €9,430 (-50.0%), from €18,861 to €9,431
- Trade debts -€3,798
down €3,798 (-32.2%), from €11,785 to €7,988
- Other debts +€1,808
up €1,808 (+3.9%), from €46,364 to €48,172
- Gross operating margin -€43,790
down €43,790, from €33,989 to -€9,800
- Taxes -€9,507
down €9,507 (-98.5%), from €9,647 to €141
- Other operating charges -€4,161
down €4,161 (-79.6%), from €5,230 to €1,069
- Financial charges +€2,611
up €2,611 (+391%), from €668 to €3,278
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 | €110,794 | €84,412 | -€26,382 | -23.8% |
| Fixed assets | 21/28 | €3,319 | €5,672 | +€2,353 | +70.9% |
| Tangible fixed assets | 22/27 | €2,319 | €1,672 | -€647 | -27.9% |
| Plant, machinery and equipment | 23 | €2,100 | €1,672 | -€428 | -20.4% |
| Furniture and vehicles | 24 | €219 | €0 | -€219 | -100% |
| Financial fixed assets | 28 | €1,000 | €4,000 | +€3,000 | +300% |
| Current assets | 29/58 | €107,475 | €78,740 | -€28,735 | -26.7% |
| Amounts receivable within one year | 40/41 | €99,143 | €77,557 | -€21,585 | -21.8% |
| Trade receivables | 40 | €97,350 | €77,089 | -€20,261 | -20.8% |
| Other amounts receivable | 41 | €1,793 | €468 | -€1,325 | -73.9% |
| Cash at bank and in hand | 54/58 | €8,176 | €919 | -€7,257 | -88.8% |
| Deferred charges and accrued income | 490/1 | €157 | €264 | +€108 | +68.8% |
| Total equity and liabilities | 10/49 | €110,794 | €84,412 | -€26,382 | -23.8% |
| Equity | 10/15 | €30,759 | €15,824 | -€14,936 | -48.6% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €24,559 | €24,559 | = | 0.0% |
| Distributable reserves | 133 | €24,559 | €24,559 | = | 0.0% |
| Profit (loss) carried forward | 14 | - | -€14,936 | -€14,936 | |
| Amounts payable | 17/49 | €80,035 | €68,589 | -€11,446 | -14.3% |
| Amounts payable within one year | 42/48 | €80,008 | €68,589 | -€11,420 | -14.3% |
| Financial debts | 43 | €2,998 | €2,998 | = | 0.0% |
| Credit institutions | 430/8 | €0 | - | = | |
| Other loans | 439 | €2,998 | €2,998 | = | 0.0% |
| Trade debts | 44 | €11,785 | €7,988 | -€3,798 | -32.2% |
| Suppliers | 440/4 | €11,785 | €7,988 | -€3,798 | -32.2% |
| Taxes, remuneration and social security | 45 | €18,861 | €9,431 | -€9,430 | -50.0% |
| Taxes | 450/3 | €18,861 | €9,431 | -€9,430 | -50.0% |
| Other amounts payable | 47/48 | €46,364 | €48,172 | +€1,808 | +3.9% |
| Accrued charges and deferred income | 492/3 | €27 | €0 | -€27 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €344 | €647 | +€303 | +88.1% |
| Other operating charges | 640/8 | €5,230 | €1,069 | -€4,161 | -79.6% |
| Gross operating margin | 9900 | €33,989 | -€9,800 | -€43,790 | |
| Operating profit (loss) | 9901 | €28,416 | -€11,516 | -€39,932 | |
| Financial income | 75/76B | €12 | €0 | -€12 | -100% |
| Recurring financial income | 75 | €12 | €0 | -€12 | -100% |
| Financial charges | 65/66B | €668 | €3,278 | +€2,611 | +391% |
| Recurring financial charges | 65 | €668 | €3,278 | +€2,611 | +391% |
| Profit (loss) for the period before taxes | 9903 | €27,760 | -€14,795 | -€42,555 | |
| Income taxes | 67/77 | €9,647 | €141 | -€9,507 | -98.5% |
| Profit (loss) for the period | 9904 | €18,112 | -€14,936 | -€33,048 | |
| Profit (loss) for the period to be appropriated | 9905 | €18,112 | -€14,936 | -€33,048 |
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 24 October 2026 via checked.be.