JY PAGODE: 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.
JY PAGODE
Largest movements
- Stocks and contracts -€18,178
down €18,178 (-99.6%), from €18,255 to €76
- Tangible fixed assets +€3,336
up €3,336 (+25.1%), from €13,289 to €16,625
of which Other tangible fixed assets: +€10,885
- Cash +€1,463
up €1,463 (+2.8%), from €51,838 to €53,301
mainly Stocks and contracts (+€18,178) and Depreciation (+€10,665)
- Deferred charges and accrued income +€1,355
up €1,355 (+6526.0%), from €21 to €1,376
- Trade debts -€7,723
down €7,723 (-35.9%), from €21,497 to €13,774
- Tax, wage and social debts -€7,415
down €7,415 (-68.9%), from €10,758 to €3,343
of which Remuneration and social security: -€5,459
- Debts after one year +€4,053
up €4,053 (+78.6%), from €5,157 to €9,210
- Current portion of long-term debt -€3,643
no longer reported in 2025 (was €3,643)
- Reserves +€2,578
up €2,578 (+11.6%), from €22,247 to €24,825
- Gross operating margin -€11,873
down €11,873 (-34.0%), from €34,876 to €23,003
- Taxes -€2,341
down €2,341 (-55.5%), from €4,219 to €1,878
- Depreciation -€1,920
down €1,920 (-15.3%), from €12,584 to €10,665
- Financial charges -€722
down €722 (-34.0%), from €2,122 to €1,400
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 | €83,402 | €71,428 | -€11,974 | -14.4% |
| Fixed assets | 21/28 | €13,289 | €16,625 | +€3,336 | +25.1% |
| Tangible fixed assets | 22/27 | €13,289 | €16,625 | +€3,336 | +25.1% |
| Furniture and vehicles | 24 | €13,289 | €5,741 | -€7,549 | -56.8% |
| Other tangible fixed assets | 26 | - | €10,885 | +€10,885 | |
| Current assets | 29/58 | €70,113 | €54,803 | -€15,310 | -21.8% |
| Stocks and contracts in progress | 3 | €18,255 | €76 | -€18,178 | -99.6% |
| Stocks | 30/36 | €18,255 | €76 | -€18,178 | -99.6% |
| Amounts receivable within one year | 40/41 | - | €50 | +€50 | |
| Other amounts receivable | 41 | - | €50 | +€50 | |
| Cash at bank and in hand | 54/58 | €51,838 | €53,301 | +€1,463 | +2.8% |
| Deferred charges and accrued income | 490/1 | €21 | €1,376 | +€1,355 | +6526.0% |
| Total equity and liabilities | 10/49 | €83,402 | €71,428 | -€11,974 | -14.4% |
| Equity | 10/15 | €42,348 | €44,926 | +€2,578 | +6.1% |
| Contributions | 10/11 | €20,101 | €20,101 | = | 0.0% |
| Reserves | 13 | €22,247 | €24,825 | +€2,578 | +11.6% |
| Distributable reserves | 133 | €22,247 | €24,825 | +€2,578 | +11.6% |
| Amounts payable | 17/49 | €41,055 | €26,502 | -€14,552 | -35.4% |
| Amounts payable after more than one year | 17 | €5,157 | €9,210 | +€4,053 | +78.6% |
| Other amounts payable | 178/9 | €5,157 | €9,210 | +€4,053 | +78.6% |
| Amounts payable within one year | 42/48 | €35,897 | €17,292 | -€18,605 | -51.8% |
| Current portion of amounts payable after more than one year | 42 | €3,643 | - | -€3,643 | |
| Financial debts | 43 | - | €176 | +€176 | |
| Credit institutions | 430/8 | - | €176 | +€176 | |
| Trade debts | 44 | €21,497 | €13,774 | -€7,723 | -35.9% |
| Suppliers | 440/4 | €21,497 | €13,774 | -€7,723 | -35.9% |
| Taxes, remuneration and social security | 45 | €10,758 | €3,343 | -€7,415 | -68.9% |
| Taxes | 450/3 | €5,299 | €3,343 | -€1,956 | -36.9% |
| Remuneration and social security | 454/9 | €5,459 | - | -€5,459 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,584 | €10,665 | -€1,920 | -15.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,719 | €1,461 | -€257 | -15.0% |
| Other operating charges | 640/8 | €5,080 | €4,841 | -€239 | -4.7% |
| Non-recurring operating charges | 66A | €100 | €200 | +€100 | +100.0% |
| Gross operating margin | 9900 | €34,876 | €23,003 | -€11,873 | -34.0% |
| Operating profit (loss) | 9901 | €15,392 | €5,835 | -€9,557 | -62.1% |
| Financial income | 75/76B | - | €22 | +€22 | |
| Recurring financial income | 75 | - | €22 | +€22 | |
| Financial charges | 65/66B | €2,122 | €1,400 | -€722 | -34.0% |
| Recurring financial charges | 65 | €2,122 | €1,400 | -€722 | -34.0% |
| Profit (loss) for the period before taxes | 9903 | €13,270 | €4,456 | -€8,814 | -66.4% |
| Income taxes | 67/77 | €4,219 | €1,878 | -€2,341 | -55.5% |
| Profit (loss) for the period | 9904 | €9,051 | €2,578 | -€6,473 | -71.5% |
| Profit (loss) for the period to be appropriated | 9905 | €9,051 | €2,578 | -€6,473 | -71.5% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 11 October 2026 via checked.be.