THE JAM GATE: 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.
THE JAM GATE
Largest movements
- Cash -€12,727
down €12,727 (-37.0%), from €34,408 to €21,681
mainly Current portion of long-term debt (-€28,746) and Net result for the year (-€8,602)
- Tangible fixed assets -€11,105
down €11,105 (-3.2%), from €343,745 to €332,640
of which Land and buildings: -€13,715
- Current portion of long-term debt -€28,746
no longer reported in 2025 (was €28,746)
- Advances received +€9,194
up €9,194 (+911%), from €1,009 to €10,203
- Profit (loss) carried forward -€8,602
down €8,602, from €5,826 to -€2,776
- Gross operating margin -€11,849
down €11,849 (-53.5%), from €22,155 to €10,306
- Taxes -€754
no longer reported in 2025 (was €754)
- Financial charges -€433
down €433 (-8.6%), from €5,063 to €4,629
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 | €387,106 | €362,050 | -€25,056 | -6.5% |
| Fixed assets | 21/28 | €343,745 | €332,640 | -€11,105 | -3.2% |
| Tangible fixed assets | 22/27 | €343,745 | €332,640 | -€11,105 | -3.2% |
| Land and buildings | 22 | €343,745 | €330,030 | -€13,715 | -4.0% |
| Furniture and vehicles | 24 | - | €2,610 | +€2,610 | |
| Current assets | 29/58 | €43,361 | €29,410 | -€13,951 | -32.2% |
| Amounts receivable within one year | 40/41 | €6,676 | €7,457 | +€781 | +11.7% |
| Trade receivables | 40 | €2,560 | - | -€2,560 | |
| Other amounts receivable | 41 | €4,117 | €7,457 | +€3,341 | +81.2% |
| Cash at bank and in hand | 54/58 | €34,408 | €21,681 | -€12,727 | -37.0% |
| Deferred charges and accrued income | 490/1 | €2,278 | €272 | -€2,006 | -88.1% |
| Total equity and liabilities | 10/49 | €387,106 | €362,050 | -€25,056 | -6.5% |
| Equity | 10/15 | €24,426 | €15,824 | -€8,602 | -35.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Profit (loss) carried forward | 14 | €5,826 | -€2,776 | -€8,602 | |
| Amounts payable | 17/49 | €362,680 | €346,226 | -€16,454 | -4.5% |
| Amounts payable after more than one year | 17 | €264,709 | €264,709 | = | 0.0% |
| Financial debts | 170/4 | €264,709 | €264,709 | = | 0.0% |
| Amounts payable within one year | 42/48 | €97,971 | €81,251 | -€16,719 | -17.1% |
| Current portion of amounts payable after more than one year | 42 | €28,746 | - | -€28,746 | |
| Trade debts | 44 | €55,221 | €58,054 | +€2,833 | +5.1% |
| Suppliers | 440/4 | €55,221 | €58,054 | +€2,833 | +5.1% |
| Advances received on contracts in progress | 46 | €1,009 | €10,203 | +€9,194 | +911% |
| Taxes, remuneration and social security | 45 | €754 | €754 | = | 0.0% |
| Taxes | 450/3 | €754 | €754 | = | 0.0% |
| Other amounts payable | 47/48 | €12,241 | €12,241 | = | 0.0% |
| Accrued charges and deferred income | 492/3 | - | €266 | +€266 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,715 | €13,879 | +€164 | +1.2% |
| Other operating charges | 640/8 | €612 | €400 | -€213 | -34.7% |
| Gross operating margin | 9900 | €22,155 | €10,306 | -€11,849 | -53.5% |
| Operating profit (loss) | 9901 | €7,828 | -€3,973 | -€11,801 | |
| Financial charges | 65/66B | €5,063 | €4,629 | -€433 | -8.6% |
| Recurring financial charges | 65 | €5,063 | €4,629 | -€433 | -8.6% |
| Profit (loss) for the period before taxes | 9903 | €2,766 | -€8,602 | -€11,368 | |
| Income taxes | 67/77 | €754 | - | -€754 | |
| Profit (loss) for the period | 9904 | €2,012 | -€8,602 | -€10,614 | |
| Profit (loss) for the period to be appropriated | 9905 | €2,012 | -€8,602 | -€10,614 |
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.