JA-RA-RO: 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-RA-RO
Largest movements
- Tangible fixed assets -€50,300
down €50,300 (-4.9%), from €1.0m to €971,433
of which Land and buildings: -€49,439
- Debts after one year -€53,399
down €53,399 (-32.9%), from €162,158 to €108,759
- Tax, wage and social debts -€22,535
down €22,535 (-82.8%), from €27,222 to €4,687
- Reserves +€12,513
up €12,513 (+2.6%), from €482,458 to €494,971
of which Distributable reserves: +€12,513
- Other debts +€11,590
up €11,590 (+4.5%), from €257,986 to €269,576
- Other operating charges +€27,165
up €27,165 (+358%), from €7,597 to €34,762
- Taxes -€9,191
down €9,191 (-66.2%), from €13,878 to €4,687
- Gross operating margin -€8,317
down €8,317 (-7.4%), from €113,151 to €104,834
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,095,097 | €1,044,066 | -€51,031 | -4.7% |
| Fixed assets | 21/28 | €1,021,733 | €971,433 | -€50,300 | -4.9% |
| Tangible fixed assets | 22/27 | €1,021,733 | €971,433 | -€50,300 | -4.9% |
| Land and buildings | 22 | €980,907 | €931,468 | -€49,439 | -5.0% |
| Plant, machinery and equipment | 23 | €3,147 | €2,285 | -€862 | -27.4% |
| Furniture and vehicles | 24 | €37,680 | €37,680 | = | 0.0% |
| Current assets | 29/58 | €73,364 | €72,633 | -€731 | -1.0% |
| Amounts receivable within one year | 40/41 | €3,000 | €3,000 | = | 0.0% |
| Trade receivables | 40 | €3,000 | €3,000 | = | 0.0% |
| Cash at bank and in hand | 54/58 | €70,364 | €69,633 | -€731 | -1.0% |
| Total equity and liabilities | 10/49 | €1,095,097 | €1,044,066 | -€51,031 | -4.7% |
| Equity | 10/15 | €527,178 | €539,691 | +€12,513 | +2.4% |
| Contributions | 10/11 | €44,720 | €44,720 | = | 0.0% |
| Reserves | 13 | €482,458 | €494,971 | +€12,513 | +2.6% |
| Non-distributable reserves | 130/1 | €4,472 | €4,472 | = | 0.0% |
| Reserves not available under the articles | 1311 | €4,472 | €4,472 | = | 0.0% |
| Distributable reserves | 133 | €477,986 | €490,499 | +€12,513 | +2.6% |
| Amounts payable | 17/49 | €567,919 | €504,374 | -€63,544 | -11.2% |
| Amounts payable after more than one year | 17 | €162,158 | €108,759 | -€53,399 | -32.9% |
| Financial debts | 170/4 | €162,158 | €108,759 | -€53,399 | -32.9% |
| Amounts payable within one year | 42/48 | €387,112 | €376,967 | -€10,145 | -2.6% |
| Current portion of amounts payable after more than one year | 42 | €52,757 | €53,399 | +€643 | +1.2% |
| Trade debts | 44 | €49,147 | €49,305 | +€157 | +0.3% |
| Suppliers | 440/4 | €49,147 | €49,305 | +€157 | +0.3% |
| Taxes, remuneration and social security | 45 | €27,222 | €4,687 | -€22,535 | -82.8% |
| Taxes | 450/3 | €27,222 | €4,687 | -€22,535 | -82.8% |
| Other amounts payable | 47/48 | €257,986 | €269,576 | +€11,590 | +4.5% |
| Accrued charges and deferred income | 492/3 | €18,649 | €18,649 | = | 0.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €50,300 | €50,300 | = | 0.0% |
| Other operating charges | 640/8 | €7,597 | €34,762 | +€27,165 | +358% |
| Gross operating margin | 9900 | €113,151 | €104,834 | -€8,317 | -7.4% |
| Operating profit (loss) | 9901 | €55,254 | €19,772 | -€35,482 | -64.2% |
| Financial charges | 65/66B | €3,252 | €2,572 | -€680 | -20.9% |
| Recurring financial charges | 65 | €3,252 | €2,572 | -€680 | -20.9% |
| Profit (loss) for the period before taxes | 9903 | €52,002 | €17,200 | -€34,801 | -66.9% |
| Income taxes | 67/77 | €13,878 | €4,687 | -€9,191 | -66.2% |
| Profit (loss) for the period | 9904 | €38,124 | €12,513 | -€25,610 | -67.2% |
| Profit (loss) for the period to be appropriated | 9905 | €38,124 | €12,513 | -€25,610 | -67.2% |
Source: filed annual accounts (NBB), financial years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 19 October 2026 via checked.be.