JA!: 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.
JA!
Largest movements
- Cash +€157,801
up €157,801 (+1,380%), from €11,431 to €169,232
mainly Current investments (+€130,000) and Other debts (+€49,518)
- Current investments -€130,000
down €130,000 (-100%), from €130,000 to €0
- Receivables within one year -€14,492
down €14,492 (-65.3%), from €22,186 to €7,694
of which Trade receivables: -€15,519
- Intangible fixed assets +€3,634
new in 2025: €3,634
- Other debts +€49,518
up €49,518 (+114%), from €43,429 to €92,947
- Reserves -€10,727
down €10,727 (-11.8%), from €91,264 to €80,537
- Tax, wage and social debts -€9,592
down €9,592 (-57.4%), from €16,713 to €7,121
- Accrued charges and deferred income -€8,998
down €8,998 (-100%), from €8,998 to €0
- Taxes -€441
down €441 (-3.9%), from €11,260 to €10,820
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 | €169,096 | €187,373 | +€18,278 | +10.8% |
| Fixed assets | 21/28 | €4,707 | €9,791 | +€5,084 | +108% |
| Intangible fixed assets | 21 | - | €3,634 | +€3,634 | |
| Tangible fixed assets | 22/27 | €4,707 | €6,157 | +€1,450 | +30.8% |
| Plant, machinery and equipment | 23 | €2,917 | €2,263 | -€654 | -22.4% |
| Furniture and vehicles | 24 | €1,790 | €3,894 | +€2,104 | +118% |
| Current assets | 29/58 | €164,388 | €177,582 | +€13,194 | +8.0% |
| Amounts receivable within one year | 40/41 | €22,186 | €7,694 | -€14,492 | -65.3% |
| Trade receivables | 40 | €20,283 | €4,764 | -€15,519 | -76.5% |
| Other amounts receivable | 41 | €1,903 | €2,930 | +€1,027 | +54.0% |
| Current investments | 50/53 | €130,000 | €0 | -€130,000 | -100% |
| Cash at bank and in hand | 54/58 | €11,431 | €169,232 | +€157,801 | +1,380% |
| Deferred charges and accrued income | 490/1 | €771 | €655 | -€115 | -15.0% |
| Total equity and liabilities | 10/49 | €169,096 | €187,373 | +€18,278 | +10.8% |
| Equity | 10/15 | €93,298 | €82,571 | -€10,727 | -11.5% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Reserves | 13 | €91,264 | €80,537 | -€10,727 | -11.8% |
| Distributable reserves | 133 | €91,264 | €80,537 | -€10,727 | -11.8% |
| Profit (loss) carried forward | 14 | €34 | €34 | = | 0.0% |
| Amounts payable | 17/49 | €75,798 | €104,802 | +€29,004 | +38.3% |
| Amounts payable within one year | 42/48 | €66,800 | €104,802 | +€38,002 | +56.9% |
| Financial debts | 43 | €323 | €39 | -€284 | -88.0% |
| Credit institutions | 430/8 | €323 | €0 | -€323 | -100% |
| Other loans | 439 | - | €39 | +€39 | |
| Trade debts | 44 | €6,335 | €4,696 | -€1,639 | -25.9% |
| Suppliers | 440/4 | €6,335 | €4,696 | -€1,639 | -25.9% |
| Taxes, remuneration and social security | 45 | €16,713 | €7,121 | -€9,592 | -57.4% |
| Taxes | 450/3 | €16,713 | €7,121 | -€9,592 | -57.4% |
| Other amounts payable | 47/48 | €43,429 | €92,947 | +€49,518 | +114% |
| Accrued charges and deferred income | 492/3 | €8,998 | €0 | -€8,998 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,798 | €2,024 | +€226 | +12.6% |
| Other operating charges | 640/8 | €577 | €590 | +€13 | +2.3% |
| Gross operating margin | 9900 | €43,975 | €43,610 | -€365 | -0.8% |
| Operating profit (loss) | 9901 | €41,600 | €40,996 | -€604 | -1.5% |
| Financial income | 75/76B | €13 | €18 | +€5 | +40.0% |
| Recurring financial income | 75 | €13 | €18 | +€5 | +40.0% |
| Financial charges | 65/66B | €3,322 | €3,652 | +€329 | +9.9% |
| Recurring financial charges | 65 | €3,322 | €3,652 | +€329 | +9.9% |
| Profit (loss) for the period before taxes | 9903 | €38,290 | €37,362 | -€928 | -2.4% |
| Income taxes | 67/77 | €11,260 | €10,820 | -€441 | -3.9% |
| Profit (loss) for the period | 9904 | €27,030 | €26,542 | -€488 | -1.8% |
| Profit (loss) for the period to be appropriated | 9905 | €27,030 | €26,542 | -€488 | -1.8% |
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 28 October 2026 via checked.be.