JABELMAT: 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.
JABELMAT
Largest movements
- Receivables within one year +€240,299
up €240,299 (+83.1%), from €289,288 to €529,587
of which Trade receivables: +€123,444
- Stocks and contracts -€163,090
down €163,090 (-41.6%), from €391,903 to €228,813
- Profit (loss) carried forward +€58,195
up €58,195 (+19.2%), from €302,890 to €361,085
- Write-downs +€55,620
new in 2025: €55,620
- Turnover +€39,595
up €39,595 (+4.9%), from €808,032 to €847,627
- Purchases and services +€20,310
up €20,310 (+2.9%), from €711,528 to €731,838
- Taxes -€15,583
down €15,583 (-43.7%), from €35,627 to €20,044
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.
Cash bridge derived
Cash or the result is not a separate line in both sets of accounts; the cash flow cannot be derived from them.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,549,959 | €5,626,133 | +€76,174 | +1.4% |
| Fixed assets | 21/28 | €4,867,805 | €4,866,001 | -€1,805 | 0.0% |
| Tangible fixed assets | 22/27 | €4,867,805 | €4,866,001 | -€1,805 | 0.0% |
| Land and buildings | 22 | €4,867,805 | €4,866,001 | -€1,805 | 0.0% |
| Current assets | 29/58 | €682,154 | €760,132 | +€77,978 | +11.4% |
| Stocks and contracts in progress | 3 | €391,903 | €228,813 | -€163,090 | -41.6% |
| Stocks | 30/36 | €391,903 | €228,813 | -€163,090 | -41.6% |
| Amounts receivable within one year | 40/41 | €289,288 | €529,587 | +€240,299 | +83.1% |
| Trade receivables | 40 | €168,002 | €291,447 | +€123,444 | +73.5% |
| Other amounts receivable | 41 | €121,286 | €238,141 | +€116,855 | +96.3% |
| Deferred charges and accrued income | 490/1 | €963 | €1,732 | +€769 | +79.9% |
| Total equity and liabilities | 10/49 | €5,549,959 | €5,626,133 | +€76,174 | +1.4% |
| Equity | 10/15 | €5,397,236 | €5,458,494 | +€61,258 | +1.1% |
| Contributions | 10/11 | €4,431,546 | €4,431,546 | = | 0.0% |
| Capital | 10 | €4,431,533 | €4,431,533 | = | 0.0% |
| Issued capital | 100 | €4,431,533 | €4,431,533 | = | 0.0% |
| Contributions outside capital | 11 | €13 | €13 | = | 0.0% |
| Share premium | 1100/10 | €13 | €13 | = | 0.0% |
| Reserves | 13 | €662,801 | €665,863 | +€3,063 | +0.5% |
| Non-distributable reserves | 130/1 | €49,053 | €52,116 | +€3,063 | +6.2% |
| Legal reserve | 130 | €49,053 | €52,116 | +€3,063 | +6.2% |
| Distributable reserves | 133 | €613,748 | €613,748 | = | 0.0% |
| Profit (loss) carried forward | 14 | €302,890 | €361,085 | +€58,195 | +19.2% |
| Amounts payable | 17/49 | €152,723 | €167,639 | +€14,916 | +9.8% |
| Amounts payable within one year | 42/48 | €150,070 | €165,769 | +€15,699 | +10.5% |
| Trade debts | 44 | €140,437 | €156,480 | +€16,042 | +11.4% |
| Suppliers | 440/4 | €140,437 | €156,480 | +€16,042 | +11.4% |
| Taxes, remuneration and social security | 45 | €9,632 | €9,289 | -€343 | -3.6% |
| Taxes | 450/3 | €9,632 | €9,289 | -€343 | -3.6% |
| Accrued charges and deferred income | 492/3 | €2,653 | €1,870 | -€784 | -29.5% |
| Turnover | 70 | €808,032 | €847,627 | +€39,595 | +4.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €711,528 | €731,838 | +€20,310 | +2.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,353 | €1,805 | +€451 | +33.3% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | €55,620 | +€55,620 | |
| Other operating charges | 640/8 | €21,884 | €23,950 | +€2,066 | +9.4% |
| Gross operating margin | 9900 | €158,966 | €159,104 | +€138 | +0.1% |
| Operating profit (loss) | 9901 | €135,729 | €77,729 | -€57,999 | -42.7% |
| Financial income | 75/76B | €1,153 | €4,080 | +€2,927 | +253.7% |
| Recurring financial income | 75 | €1,153 | €4,080 | +€2,927 | +253.7% |
| Financial charges | 65/66B | €203 | €507 | +€304 | +150.3% |
| Recurring financial charges | 65 | €203 | €507 | +€304 | +150.3% |
| Profit (loss) for the period before taxes | 9903 | €136,679 | €81,302 | -€55,377 | -40.5% |
| Income taxes | 67/77 | €35,627 | €20,044 | -€15,583 | -43.7% |
| Profit (loss) for the period | 9904 | €101,053 | €61,258 | -€39,795 | -39.4% |
| Profit (loss) for the period to be appropriated | 9905 | €101,053 | €61,258 | -€39,795 | -39.4% |
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.