JA - RI SYSTEMS: 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.
What changed
JA - RI SYSTEMS
NACE 25.940, Manufacture of fabricated metal products, except machinery and equipment
financial year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€1.5m
2024 · €1.3m+€202,781
Equity
€13.3m
2024 · €12.5m+€852,343
Cash
€605,693
2024 · €1.1m-€517,419
Balance sheet total
€19.4m
2024 · €17.7m+€1.7m
Largest movements
Assets
- Stocks and contracts +€2.4m
up €2.4m (+19.0%), from €12.7m to €15.1m
- Cash -€517,419
down €517,419 (-46.1%), from €1.1m to €605,693
mainly Stocks and contracts (-€2.4m) and Contributions, distributions and other (-€650,000)
Equity and liabilities
- Reserves +€852,343
up €852,343 (+7.2%), from €11.8m to €12.7m
of which Distributable reserves: +€1.3m
- Debts after one year +€521,371
up €521,371 (+46.9%), from €1.1m to €1.6m
- Other debts +€469,562
up €469,562 (+20.1%), from €2.3m to €2.8m
Income statement
- Gross operating margin +€107,480
up €107,480 (+4.2%), from €2.6m to €2.7m
- Staff costs -€64,929
down €64,929 (-10.8%), from €599,863 to €534,933
- Depreciation -€49,283
down €49,283 (-20.8%), from €236,938 to €187,654
- Taxes +€36,048
up €36,048 (+14.3%), from €252,107 to €288,155
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.
Result 2024
€1.3m
Gross operating margin
+€107,480
Staff costs
+€64,929
Depreciation
+€49,283
Write-downs
-€547
Other operating charges
-€6,147
Financial income
+€1,450
Financial charges
+€22,884
Taxes
-€36,048
Deferred taxes and other
-€504
Result 2025
€1.5m
Cash bridge derived
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.
From operations
-€276,382
Investment
-€32,974
Financing
-€208,063
Cash 2024
€1.1m
From operations (derived)
-€276,382
Net result for the year
+€1.5m
Depreciation
+€187,654
Stocks and contracts
-€2.4m
Receivables within one year
-€11,334
Deferred charges and accrued income
+€7,432
Smaller working-capital items
-€5,020
Trade debts
-€6,170
Other debts
+€469,562
Accrued charges and deferred income
-€10,669
Investment (derived)
-€32,974
Investment in fixed assets (net)
-€32,974
Financing
-€208,063
Debts after one year
+€521,371
Current portion of long-term debt
-€62,648
Short-term financial debts
-€16,786
Contributions, distributions and other
-€650,000
Cash 2025
€605,693
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €17,693,271 | €19,435,254 | +€1.7m | +9.8% |
| Fixed assets | 21/28 | €2,720,846 | €2,566,166 | -€154,680 | -5.7% |
| Intangible fixed assets | 21 | €23,441 | €39,137 | +€15,696 | +67.0% |
| Tangible fixed assets | 22/27 | €468,725 | €298,349 | -€170,376 | -36.3% |
| Plant, machinery and equipment | 23 | €133,085 | €34,609 | -€98,476 | -74.0% |
| Furniture and vehicles | 24 | €91,714 | €64,846 | -€26,868 | -29.3% |
| Other tangible fixed assets | 26 | €243,926 | €198,893 | -€45,033 | -18.5% |
| Financial fixed assets | 28 | €2,228,680 | €2,228,680 | = | 0.0% |
| Current assets | 29/58 | €14,972,425 | €16,869,088 | +€1.9m | +12.7% |
| Stocks and contracts in progress | 3 | €12,679,615 | €15,089,795 | +€2.4m | +19.0% |
| Stocks | 30/36 | €12,679,615 | €15,089,795 | +€2.4m | +19.0% |
| Amounts receivable within one year | 40/41 | €1,134,818 | €1,146,153 | +€11,334 | +1.0% |
| Trade receivables | 40 | €1,133,673 | €1,096,450 | -€37,222 | -3.3% |
| Other amounts receivable | 41 | €1,146 | €49,702 | +€48,557 | +4238.9% |
| Cash at bank and in hand | 54/58 | €1,123,112 | €605,693 | -€517,419 | -46.1% |
| Deferred charges and accrued income | 490/1 | €34,879 | €27,448 | -€7,432 | -21.3% |
| Total equity and liabilities | 10/49 | €17,693,271 | €19,435,254 | +€1.7m | +9.8% |
| Equity | 10/15 | €12,482,884 | €13,335,227 | +€852,343 | +6.8% |
| Contributions | 10/11 | €644,524 | €644,524 | = | 0.0% |
| Capital | 10 | €644,524 | €644,524 | = | 0.0% |
| Issued capital | 100 | €644,524 | €644,524 | = | 0.0% |
| Reserves | 13 | €11,838,361 | €12,690,704 | +€852,343 | +7.2% |
| Non-distributable reserves | 130/1 | €64,452 | €64,452 | = | 0.0% |
| Legal reserve | 130 | €64,452 | €64,452 | = | 0.0% |
| Tax-exempt reserves | 132 | €2,174,660 | €1,692,045 | -€482,615 | -22.2% |
| Distributable reserves | 133 | €9,599,248 | €10,934,207 | +€1.3m | +13.9% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Provisions and deferred taxes | 16 | €6,453 | €3,948 | -€2,504 | -38.8% |
| Deferred taxes | 168 | €6,453 | €3,948 | -€2,504 | -38.8% |
| Amounts payable | 17/49 | €5,203,934 | €6,096,079 | +€892,145 | +17.1% |
| Amounts payable after more than one year | 17 | €1,111,779 | €1,633,150 | +€521,371 | +46.9% |
| Financial debts | 170/4 | €1,111,779 | €1,633,150 | +€521,371 | +46.9% |
| Amounts payable within one year | 42/48 | €4,047,904 | €4,429,348 | +€381,443 | +9.4% |
| Current portion of amounts payable after more than one year | 42 | €131,277 | €68,629 | -€62,648 | -47.7% |
| Financial debts | 43 | €45,953 | €29,167 | -€16,786 | -36.5% |
| Credit institutions | 430/8 | €45,953 | €29,167 | -€16,786 | -36.5% |
| Trade debts | 44 | €1,385,023 | €1,378,853 | -€6,170 | -0.4% |
| Suppliers | 440/4 | €1,385,023 | €1,378,853 | -€6,170 | -0.4% |
| Taxes, remuneration and social security | 45 | €148,793 | €146,278 | -€2,515 | -1.7% |
| Taxes | 450/3 | €97,078 | €97,647 | +€569 | +0.6% |
| Remuneration and social security | 454/9 | €51,714 | €48,630 | -€3,084 | -6.0% |
| Other amounts payable | 47/48 | €2,336,860 | €2,806,421 | +€469,562 | +20.1% |
| Accrued charges and deferred income | 492/3 | €44,251 | €33,582 | -€10,669 | -24.1% |
| Non-recurring operating income | 76A | €1,901 | €2,178 | +€277 | +14.6% |
| Remuneration, social security and pensions | 62 | €599,863 | €534,933 | -€64,929 | -10.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €236,938 | €187,654 | -€49,283 | -20.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,088 | €1,636 | +€547 | +50.3% |
| Other operating charges | 640/8 | €6,155 | €12,301 | +€6,147 | +99.9% |
| Gross operating margin | 9900 | €2,559,151 | €2,666,631 | +€107,480 | +4.2% |
| Operating profit (loss) | 9901 | €1,715,108 | €1,930,106 | +€214,999 | +12.5% |
| Financial income | 75/76B | €30,030 | €31,481 | +€1,450 | +4.8% |
| Recurring financial income | 75 | €30,030 | €16,051 | -€13,980 | -46.6% |
| Non-recurring financial income | 76B | - | €15,430 | +€15,430 | |
| Financial charges | 65/66B | €196,478 | €173,594 | -€22,884 | -11.6% |
| Recurring financial charges | 65 | €194,801 | €173,594 | -€21,207 | -10.9% |
| Non-recurring financial charges | 66B | €1,677 | €0 | -€1,677 | -100.0% |
| Profit (loss) for the period before taxes | 9903 | €1,548,660 | €1,787,994 | +€239,333 | +15.5% |
| Transfer from deferred taxes | 780 | €3,009 | €2,504 | -€504 | -16.8% |
| Income taxes | 67/77 | €252,107 | €288,155 | +€36,048 | +14.3% |
| Profit (loss) for the period | 9904 | €1,299,562 | €1,502,343 | +€202,781 | +15.6% |
| Transfer from tax-exempt reserves | 789 | €43,623 | €903,615 | +€859,992 | +1971.4% |
| Transfer to tax-exempt reserves | 689 | €168,400 | €421,000 | +€252,600 | +150.0% |
| Profit (loss) for the period to be appropriated | 9905 | €1,174,785 | €1,984,958 | +€810,174 | +69.0% |
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 9 October 2026 via checked.be.