JABLO: 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.
JABLO
Largest movements
- Tangible fixed assets -€190,767
down €190,767 (-17.5%), from €1.1m to €900,872
of which Furniture and vehicles: -€100,856
- Cash -€18,276
down €18,276 (-33.0%), from €55,427 to €37,151
mainly Net result for the year (-€106,842) and Debts after one year (-€78,513)
- Debts after one year -€78,513
down €78,513 (-18.0%), from €435,198 to €356,684
- Profit (loss) carried forward -€74,041
down €74,041 (-142%), from -€52,252 to -€126,293
- Current portion of long-term debt -€42,690
down €42,690 (-35.4%), from €120,589 to €77,899
- Other debts +€41,343
up €41,343 (+11.2%), from €367,965 to €409,308
- Reserves -€32,800
down €32,800 (-94.6%), from €34,660 to €1,859
of which Tax-exempt reserves: -€32,800
- Staff costs +€77,912
up €77,912 (+44.6%), from €174,823 to €252,735
- Depreciation +€77,681
up €77,681 (+57.8%), from €134,507 to €212,187
- Gross operating margin +€15,819
up €15,819 (+4.3%), from €368,844 to €384,663
- Financial charges +€4,051
up €4,051 (+15.0%), from €27,015 to €31,066
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,175,156 | €973,408 | -€201,747 | -17.2% |
| Fixed assets | 21/28 | €1,091,639 | €900,872 | -€190,767 | -17.5% |
| Tangible fixed assets | 22/27 | €1,091,639 | €900,872 | -€190,767 | -17.5% |
| Land and buildings | 22 | €568,159 | €486,438 | -€81,721 | -14.4% |
| Plant, machinery and equipment | 23 | €28,934 | €20,743 | -€8,190 | -28.3% |
| Furniture and vehicles | 24 | €494,546 | €393,690 | -€100,856 | -20.4% |
| Current assets | 29/58 | €83,516 | €72,536 | -€10,980 | -13.1% |
| Stocks and contracts in progress | 3 | - | €5,000 | +€5,000 | |
| Stocks | 30/36 | - | €5,000 | +€5,000 | |
| Amounts receivable within one year | 40/41 | €20,683 | €23,390 | +€2,707 | +13.1% |
| Trade receivables | 40 | €17,364 | €15,575 | -€1,790 | -10.3% |
| Other amounts receivable | 41 | €3,319 | €7,815 | +€4,496 | +135% |
| Cash at bank and in hand | 54/58 | €55,427 | €37,151 | -€18,276 | -33.0% |
| Deferred charges and accrued income | 490/1 | €7,406 | €6,995 | -€411 | -5.6% |
| Total equity and liabilities | 10/49 | €1,175,156 | €973,408 | -€201,747 | -17.2% |
| Equity | 10/15 | €1,000 | -€105,842 | -€106,842 | |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €34,660 | €1,859 | -€32,800 | -94.6% |
| Non-distributable reserves | 130/1 | €1,859 | €1,859 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,859 | €1,859 | = | 0.0% |
| Tax-exempt reserves | 132 | €32,800 | - | -€32,800 | |
| Profit (loss) carried forward | 14 | -€52,252 | -€126,293 | -€74,041 | -142% |
| Provisions and deferred taxes | 16 | €18,679 | - | -€18,679 | |
| Deferred taxes | 168 | €18,679 | - | -€18,679 | |
| Amounts payable | 17/49 | €1,155,477 | €1,079,250 | -€76,227 | -6.6% |
| Amounts payable after more than one year | 17 | €435,198 | €356,684 | -€78,513 | -18.0% |
| Financial debts | 170/4 | €435,198 | €356,684 | -€78,513 | -18.0% |
| Amounts payable within one year | 42/48 | €720,279 | €722,566 | +€2,287 | +0.3% |
| Current portion of amounts payable after more than one year | 42 | €120,589 | €77,899 | -€42,690 | -35.4% |
| Trade debts | 44 | €212,982 | €197,205 | -€15,777 | -7.4% |
| Suppliers | 440/4 | €212,982 | €197,205 | -€15,777 | -7.4% |
| Taxes, remuneration and social security | 45 | €18,742 | €38,153 | +€19,411 | +104% |
| Taxes | 450/3 | - | €3,356 | +€3,356 | |
| Remuneration and social security | 454/9 | €18,742 | €34,797 | +€16,055 | +85.7% |
| Other amounts payable | 47/48 | €367,965 | €409,308 | +€41,343 | +11.2% |
| Remuneration, social security and pensions | 62 | €174,823 | €252,735 | +€77,912 | +44.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €134,507 | €212,187 | +€77,681 | +57.8% |
| Other operating charges | 640/8 | €10,811 | €13,556 | +€2,745 | +25.4% |
| Non-recurring operating charges | 66A | - | €188 | +€188 | |
| Gross operating margin | 9900 | €368,844 | €384,663 | +€15,819 | +4.3% |
| Operating profit (loss) | 9901 | €48,703 | -€94,003 | -€142,707 | |
| Financial charges | 65/66B | €27,015 | €31,066 | +€4,051 | +15.0% |
| Recurring financial charges | 65 | €27,015 | €31,066 | +€4,051 | +15.0% |
| Profit (loss) for the period before taxes | 9903 | €21,688 | -€125,070 | -€146,758 | |
| Transfer from deferred taxes | 780 | - | €18,679 | +€18,679 | |
| Income taxes | 67/77 | €430 | €451 | +€21 | +4.8% |
| Profit (loss) for the period | 9904 | €21,258 | -€106,842 | -€128,100 | |
| Transfer from tax-exempt reserves | 789 | - | €32,800 | +€32,800 | |
| Profit (loss) for the period to be appropriated | 9905 | €21,258 | -€74,041 | -€95,299 |
Source: filed annual accounts (NBB), financial years ended 31 March 2025 and 31 March 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.