JAZZ UP: 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.
JAZZ UP
Largest movements
- Current assets +€62,681
up €62,681 (+21.9%), from €285,766 to €348,447
of which Receivables after one year: +€311,125
- Tangible fixed assets -€10,889
down €10,889 (-94.8%), from €11,491 to €602
- Equity +€44,798
up €44,798 (+19.6%), from €228,782 to €273,580
of which Reserves: +€38,636
- Debts within one year +€17,575
up €17,575 (+32.6%), from €53,866 to €71,441
of which Tax, wage and social debts: +€42,858
- Debts after one year -€11,138
down €11,138 (-76.2%), from €14,609 to €3,471
- Gross operating margin +€7,020
up €7,020 (+26.1%), from €26,873 to €33,893
- Depreciation -€5,316
down €5,316 (-65.6%), from €8,103 to €2,787
- Taxes +€3,470
up €3,470 (+69.0%), from €5,031 to €8,501
- Financial charges +€3,071
new in 2022: €3,071
- Other operating charges +€816
new in 2022: €816
From the 2020 result to the 2022 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
A cash bridge needs two consecutive fiscal years: one year's result and depreciation cannot explain a change over several years. Pick two years that follow each other.
Every line side by side
| Line | Code | 2020 | 2022 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €297,257 | €349,049 | +€51,792 | +17.4% |
| Fixed assets | 21/28 | €11,491 | €602 | -€10,889 | -94.8% |
| Tangible fixed assets | 22/27 | €11,491 | €602 | -€10,889 | -94.8% |
| Other tangible fixed assets | 26 | - | €602 | +€602 | |
| Current assets | 29/58 | €285,766 | €348,447 | +€62,681 | +21.9% |
| Amounts receivable after more than one year | 29 | - | €311,125 | +€311,125 | |
| Other amounts receivable | 291 | - | €311,125 | +€311,125 | |
| Amounts receivable within one year | 40/41 | €284,999 | €36,328 | -€248,671 | -87.3% |
| Trade receivables | 40 | - | €27,867 | +€27,867 | |
| Other amounts receivable | 41 | - | €8,461 | +€8,461 | |
| Cash at bank and in hand | 54/58 | €277 | €428 | +€151 | +54.5% |
| Deferred charges and accrued income | 490/1 | - | €566 | +€566 | |
| Total equity and liabilities | 10/49 | €297,257 | €349,049 | +€51,792 | +17.4% |
| Equity | 10/15 | €228,782 | €273,580 | +€44,798 | +19.6% |
| Contributions | 10/11 | - | €6,200 | +€6,200 | |
| Outside capital | 11 | - | €6,200 | +€6,200 | |
| Other | 1109/19 | - | €6,200 | +€6,200 | |
| Reserves | 13 | €56,260 | €94,896 | +€38,636 | +68.7% |
| Non-distributable reserves | 130/1 | - | €1,860 | +€1,860 | |
| Reserves not available under the articles | 1311 | - | €1,860 | +€1,860 | |
| Tax-exempt reserves | 132 | - | €10,000 | +€10,000 | |
| Distributable reserves | 133 | - | €83,036 | +€83,036 | |
| Profit (loss) carried forward | 14 | €166,322 | €172,484 | +€6,162 | +3.7% |
| Amounts payable | 17/49 | €68,475 | €75,469 | +€6,994 | +10.2% |
| Amounts payable after more than one year | 17 | €14,609 | €3,471 | -€11,138 | -76.2% |
| Financial debts | 170/4 | - | €3,471 | +€3,471 | |
| Amounts payable within one year | 42/48 | €53,866 | €71,441 | +€17,575 | +32.6% |
| Current portion of amounts payable after more than one year | 42 | - | €1,905 | +€1,905 | |
| Financial debts | 43 | - | €1,790 | +€1,790 | |
| Credit institutions | 430/8 | - | €1,790 | +€1,790 | |
| Trade debts | 44 | €23,662 | €24,888 | +€1,226 | +5.2% |
| Suppliers | 440/4 | - | €24,888 | +€24,888 | |
| Taxes, remuneration and social security | 45 | - | €42,858 | +€42,858 | |
| Taxes | 450/3 | - | €42,858 | +€42,858 | |
| Accrued charges and deferred income | 492/3 | - | €557 | +€557 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €8,103 | €2,787 | -€5,316 | -65.6% |
| Other operating charges | 640/8 | - | €816 | +€816 | |
| Gross operating margin | 9900 | €26,873 | €33,893 | +€7,020 | +26.1% |
| Operating profit (loss) | 9901 | €16,978 | €30,290 | +€13,312 | +78.4% |
| Financial charges | 65/66B | - | €3,071 | +€3,071 | |
| Recurring financial charges | 65 | €748 | €3,071 | +€2,323 | +310.6% |
| Profit (loss) for the period before taxes | 9903 | €16,230 | €27,219 | +€10,989 | +67.7% |
| Income taxes | 67/77 | €5,031 | €8,501 | +€3,470 | +69.0% |
| Profit (loss) for the period | 9904 | €11,199 | €18,718 | +€7,519 | +67.1% |
| Profit (loss) for the period to be appropriated | 9905 | €11,199 | €18,718 | +€7,519 | +67.1% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2020 and 31 December 2022. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 6 October 2026 via checked.be.