DJAR: 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.
DJAR
Largest movements
- Intangible fixed assets -€17,964
down €17,964 (-30.7%), from €58,447 to €40,484
- Tangible fixed assets +€8,595
up €8,595 (+27.6%), from €31,189 to €39,784
of which Plant, machinery and equipment: +€14,411
- Cash -€8,401
down €8,401 (-14.9%), from €56,305 to €47,904
mainly Investment in fixed assets (net) (-€20,648) and Debts after one year (-€14,750)
- Receivables within one year -€5,424
down €5,424 (-9.6%), from €56,644 to €51,220
of which Other amounts receivable: -€7,552
- Stocks and contracts +€2,257
up €2,257 (+15.0%), from €15,069 to €17,326
- Debts after one year -€14,750
down €14,750 (-53.2%), from €27,716 to €12,966
- Reserves -€10,000
down €10,000 (-64.1%), from €15,601 to €5,601
- Current portion of long-term debt +€9,181
up €9,181 (+45.8%), from €20,032 to €29,212
- Other debts +€8,488
up €8,488 (+244%), from €3,485 to €11,973
- Trade debts -€7,264
down €7,264 (-29.0%), from €25,031 to €17,768
- Gross operating margin +€21,992
up €21,992 (+30.2%), from €72,869 to €94,861
- Staff costs +€4,119
up €4,119 (+8.6%), from €47,639 to €51,758
- Depreciation +€3,638
up €3,638 (+13.8%), from €26,379 to €30,017
- Financial charges +€3,508
up €3,508 (+90.7%), from €3,866 to €7,374
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 | €222,456 | €202,280 | -€20,176 | -9.1% |
| Fixed assets | 21/28 | €89,636 | €80,268 | -€9,368 | -10.5% |
| Intangible fixed assets | 21 | €58,447 | €40,484 | -€17,964 | -30.7% |
| Tangible fixed assets | 22/27 | €31,189 | €39,784 | +€8,595 | +27.6% |
| Plant, machinery and equipment | 23 | €11,689 | €26,100 | +€14,411 | +123% |
| Furniture and vehicles | 24 | €13,805 | €8,628 | -€5,177 | -37.5% |
| Other tangible fixed assets | 26 | €5,694 | €5,055 | -€639 | -11.2% |
| Current assets | 29/58 | €132,820 | €122,013 | -€10,808 | -8.1% |
| Stocks and contracts in progress | 3 | €15,069 | €17,326 | +€2,257 | +15.0% |
| Stocks | 30/36 | €15,069 | €17,326 | +€2,257 | +15.0% |
| Amounts receivable within one year | 40/41 | €56,644 | €51,220 | -€5,424 | -9.6% |
| Trade receivables | 40 | €42,563 | €44,691 | +€2,128 | +5.0% |
| Other amounts receivable | 41 | €14,081 | €6,529 | -€7,552 | -53.6% |
| Cash at bank and in hand | 54/58 | €56,305 | €47,904 | -€8,401 | -14.9% |
| Deferred charges and accrued income | 490/1 | €4,802 | €5,562 | +€760 | +15.8% |
| Total equity and liabilities | 10/49 | €222,456 | €202,280 | -€20,176 | -9.1% |
| Equity | 10/15 | €103,124 | €96,420 | -€6,704 | -6.5% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €15,601 | €5,601 | -€10,000 | -64.1% |
| Distributable reserves | 133 | €15,601 | €5,601 | -€10,000 | -64.1% |
| Profit (loss) carried forward | 14 | €68,923 | €72,219 | +€3,296 | +4.8% |
| Amounts payable | 17/49 | €119,332 | €105,860 | -€13,472 | -11.3% |
| Amounts payable after more than one year | 17 | €27,716 | €12,966 | -€14,750 | -53.2% |
| Financial debts | 170/4 | €27,716 | €12,966 | -€14,750 | -53.2% |
| Amounts payable within one year | 42/48 | €91,617 | €92,895 | +€1,278 | +1.4% |
| Current portion of amounts payable after more than one year | 42 | €20,032 | €29,212 | +€9,181 | +45.8% |
| Financial debts | 43 | €27,500 | €25,000 | -€2,500 | -9.1% |
| Other loans | 439 | €27,500 | €25,000 | -€2,500 | -9.1% |
| Trade debts | 44 | €25,031 | €17,768 | -€7,264 | -29.0% |
| Suppliers | 440/4 | €25,031 | €17,768 | -€7,264 | -29.0% |
| Taxes, remuneration and social security | 45 | €15,569 | €8,942 | -€6,627 | -42.6% |
| Taxes | 450/3 | €5,707 | €0 | -€5,707 | -100% |
| Remuneration and social security | 454/9 | €9,861 | €8,942 | -€919 | -9.3% |
| Other amounts payable | 47/48 | €3,485 | €11,973 | +€8,488 | +244% |
| Non-recurring operating income | 76A | €9,565 | €0 | -€9,565 | -100% |
| Remuneration, social security and pensions | 62 | €47,639 | €51,758 | +€4,119 | +8.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €26,379 | €30,017 | +€3,638 | +13.8% |
| Other operating charges | 640/8 | €1,271 | €1,787 | +€515 | +40.5% |
| Gross operating margin | 9900 | €72,869 | €94,861 | +€21,992 | +30.2% |
| Operating profit (loss) | 9901 | -€2,420 | €11,300 | +€13,720 | |
| Financial income | 75/76B | €16 | €27 | +€11 | +67.5% |
| Recurring financial income | 75 | €16 | €27 | +€11 | +67.5% |
| Financial charges | 65/66B | €3,866 | €7,374 | +€3,508 | +90.7% |
| Recurring financial charges | 65 | €3,866 | €7,374 | +€3,508 | +90.7% |
| Profit (loss) for the period before taxes | 9903 | -€6,271 | €3,952 | +€10,223 | |
| Income taxes | 67/77 | €294 | €656 | +€362 | +123% |
| Profit (loss) for the period | 9904 | -€6,565 | €3,296 | +€9,861 | |
| Profit (loss) for the period to be appropriated | 9905 | -€6,565 | €3,296 | +€9,861 |
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 15 October 2026 via checked.be.