Jazz Projects: what changed
What changed
Jazz Projects
NACE 56.111, Full-service restaurants
filed annual accounts (NBB)
Net result for the year
€27,325
2024 · €44,526-€17,201
Equity
€108,167
2024 · €80,842+€27,325
Cash
€34,251
2024 · €52,999-€18,748
Balance sheet total
€125,949
2024 · €129,476-€3,527
Largest movements
Assets
- Cash -€18,748
down €18,748 (-35.4%), from €52,999 to €34,251
mainly Investment in fixed assets (net) (-€33,535) and Tax, wage and social debts (-€17,341)
- Tangible fixed assets +€16,270
up €16,270 (+33.9%), from €47,952 to €64,221
of which Other tangible fixed assets: +€30,065
Equity and liabilities
- Reserves +€27,325
new in 2025: €27,325
- Tax, wage and social debts -€17,341
down €17,341 (-98.7%), from €17,561 to €220
- Debts after one year -€7,765
down €7,765 (-62.6%), from €12,400 to €4,635
- Current portion of long-term debt -€4,153
down €4,153 (-34.8%), from €11,918 to €7,765
Income statement
- Gross operating margin -€17,025
down €17,025 (-23.4%), from €72,820 to €55,795
- Depreciation +€4,915
up €4,915 (+36.7%), from €13,401 to €18,315
- Taxes -€2,581
down €2,581 (-21.0%), from €12,280 to €9,699
- Financial charges -€1,084
down €1,084 (-45.3%), from €2,394 to €1,310
- Financial income +€957
up €957 (+340%), from €282 to €1,239
Change in the result, 2024 to 2025
For each income-statement line you see the change as its effect on the result. Higher costs lower the result, higher income raises it.
Result 2024
€44,526
Gross operating margin
-€17,025
Depreciation
-€4,915
Other operating charges
+€116
Financial income
+€957
Financial charges
+€1,084
Taxes
+€2,581
Result 2025
€27,325
raises the resultlowers the result
Derived cash bridge
The bridge is derived from the 2024 and 2025 balance sheets and the 2025 result. There is no filed cash-flow statement. You see where the money came from and where it went.
From operations
+€26,705
Investment
-€33,535
Financing
-€11,918
Cash 2024
€52,999
From operations (derived)
+€26,705
Net result for the year
+€27,325
Depreciation
+€18,315
Receivables within one year
+€753
Deferred charges and accrued income
-€755
Trade debts
-€409
Tax, wage and social debts
-€17,341
Advances received
-€335
Accrued charges and deferred income
-€848
Investment (derived)
-€33,535
Investment in fixed assets (net)
-€33,535
Financing
-€11,918
Debts after one year
-€7,765
Current portion of long-term debt
-€4,153
Cash 2025
€34,251
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €129,476 | €125,949 | -€3,527 | -2.7% |
| Fixed assets | 21/28 | €49,047 | €64,267 | +€15,220 | +31.0% |
| Tangible fixed assets | 22/27 | €47,952 | €64,221 | +€16,270 | +33.9% |
| Land and buildings | 22 | €3,475 | €3,019 | -€456 | -13.1% |
| Plant, machinery and equipment | 23 | €30,078 | €21,385 | -€8,693 | -28.9% |
| Furniture and vehicles | 24 | €2,609 | €1,064 | -€1,546 | -59.2% |
| Leasing and similar rights | 25 | €9,464 | €6,363 | -€3,101 | -32.8% |
| Other tangible fixed assets | 26 | €2,325 | €32,390 | +€30,065 | +1,293% |
| Financial fixed assets | 28 | €1,096 | €46 | -€1,050 | -95.8% |
| Current assets | 29/58 | €80,428 | €61,682 | -€18,746 | -23.3% |
| Amounts receivable within one year | 40/41 | €25,848 | €25,095 | -€753 | -2.9% |
| Trade receivables | 40 | €4,806 | €2,489 | -€2,316 | -48.2% |
| Other amounts receivable | 41 | €21,043 | €22,606 | +€1,563 | +7.4% |
| Cash at bank and in hand | 54/58 | €52,999 | €34,251 | -€18,748 | -35.4% |
| Deferred charges and accrued income | 490/1 | €1,581 | €2,336 | +€755 | +47.7% |
| Total equity and liabilities | 10/49 | €129,476 | €125,949 | -€3,527 | -2.7% |
| Equity | 10/15 | €80,842 | €108,167 | +€27,325 | +33.8% |
| Contributions | 10/11 | €8,000 | €8,000 | = | 0.0% |
| Reserves | 13 | - | €27,325 | +€27,325 | |
| Distributable reserves | 133 | - | €27,325 | +€27,325 | |
| Profit (loss) carried forward | 14 | €72,842 | €72,842 | = | 0.0% |
| Amounts payable | 17/49 | €48,634 | €17,782 | -€30,852 | -63.4% |
| Amounts payable after more than one year | 17 | €12,400 | €4,635 | -€7,765 | -62.6% |
| Financial debts | 170/4 | €12,400 | €4,635 | -€7,765 | -62.6% |
| Amounts payable within one year | 42/48 | €35,033 | €12,795 | -€22,238 | -63.5% |
| Current portion of amounts payable after more than one year | 42 | €11,918 | €7,765 | -€4,153 | -34.8% |
| Trade debts | 44 | €5,218 | €4,809 | -€409 | -7.8% |
| Suppliers | 440/4 | €5,218 | €4,809 | -€409 | -7.8% |
| Advances received on contracts in progress | 46 | €335 | €0 | -€335 | -100% |
| Taxes, remuneration and social security | 45 | €17,561 | €220 | -€17,341 | -98.7% |
| Taxes | 450/3 | €17,561 | €220 | -€17,341 | -98.7% |
| Other amounts payable | 47/48 | €0 | - | = | |
| Accrued charges and deferred income | 492/3 | €1,201 | €353 | -€848 | -70.6% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €13,401 | €18,315 | +€4,915 | +36.7% |
| Other operating charges | 640/8 | €502 | €385 | -€116 | -23.1% |
| Gross operating margin | 9900 | €72,820 | €55,795 | -€17,025 | -23.4% |
| Operating profit (loss) | 9901 | €58,918 | €37,095 | -€21,823 | -37.0% |
| Financial income | 75/76B | €282 | €1,239 | +€957 | +340% |
| Recurring financial income | 75 | €282 | €1,239 | +€957 | +340% |
| Financial charges | 65/66B | €2,394 | €1,310 | -€1,084 | -45.3% |
| Recurring financial charges | 65 | €2,394 | €1,310 | -€1,084 | -45.3% |
| Profit (loss) for the period before taxes | 9903 | €56,806 | €37,024 | -€19,782 | -34.8% |
| Income taxes | 67/77 | €12,280 | €9,699 | -€2,581 | -21.0% |
| Profit (loss) for the period | 9904 | €44,526 | €27,325 | -€17,201 | -38.6% |
| Profit (loss) for the period to be appropriated | 9905 | €44,526 | €27,325 | -€17,201 | -38.6% |
Next steps
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Calculation and sources
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Green is a favourable move for that line, red an unfavourable one. Prepared on 4 November 2026 via checked.be.