JACAR: what changed
Two fiscal 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.
JACAR
Largest movements
- Tangible fixed assets -€34,538
down €34,538 (-4.3%), from €803,467 to €768,929
- Other debts -€63,800
down €63,800 (-20.8%), from €306,342 to €242,542
- Reserves +€39,544
up €39,544 (+16.1%), from €244,964 to €284,508
- Debts after one year -€13,333
down €13,333 (-5.8%), from €230,944 to €217,611
- Other operating charges -€27,700
down €27,700 (-85.1%), from €32,554 to €4,854
- Gross operating margin +€20,042
up €20,042 (+23.1%), from €86,584 to €106,626
- Taxes +€12,747
up €12,747 (+223.4%), from €5,707 to €18,454
- Depreciation +€4,650
up €4,650 (+15.6%), from €29,888 to €34,538
- Financial charges +€3,029
up €3,029 (+48.8%), from €6,206 to €9,235
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
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 | €820,083 | €782,993 | -€37,089 | -4.5% |
| Fixed assets | 21/28 | €805,632 | €771,561 | -€34,071 | -4.2% |
| Tangible fixed assets | 22/27 | €803,467 | €768,929 | -€34,538 | -4.3% |
| Land and buildings | 22 | €803,467 | €768,929 | -€34,538 | -4.3% |
| Financial fixed assets | 28 | €2,164 | €2,632 | +€467 | +21.6% |
| Current assets | 29/58 | €14,451 | €11,433 | -€3,018 | -20.9% |
| Amounts receivable within one year | 40/41 | €8,293 | €3,546 | -€4,747 | -57.2% |
| Other amounts receivable | 41 | €8,293 | €3,546 | -€4,747 | -57.2% |
| Cash at bank and in hand | 54/58 | €6,158 | €7,887 | +€1,729 | +28.1% |
| Total equity and liabilities | 10/49 | €820,083 | €782,993 | -€37,089 | -4.5% |
| Equity | 10/15 | €269,964 | €309,508 | +€39,544 | +14.6% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €244,964 | €284,508 | +€39,544 | +16.1% |
| Distributable reserves | 133 | €244,964 | €284,508 | +€39,544 | +16.1% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €550,119 | €473,485 | -€76,634 | -13.9% |
| Amounts payable after more than one year | 17 | €230,944 | €217,611 | -€13,333 | -5.8% |
| Financial debts | 170/4 | €230,944 | €217,611 | -€13,333 | -5.8% |
| Amounts payable within one year | 42/48 | €319,175 | €255,875 | -€63,301 | -19.8% |
| Current portion of amounts payable after more than one year | 42 | €12,834 | €13,333 | +€499 | +3.9% |
| Other amounts payable | 47/48 | €306,342 | €242,542 | -€63,800 | -20.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €29,888 | €34,538 | +€4,650 | +15.6% |
| Other operating charges | 640/8 | €32,554 | €4,854 | -€27,700 | -85.1% |
| Gross operating margin | 9900 | €86,584 | €106,626 | +€20,042 | +23.1% |
| Operating profit (loss) | 9901 | €24,141 | €67,233 | +€43,092 | +178.5% |
| Financial charges | 65/66B | €6,206 | €9,235 | +€3,029 | +48.8% |
| Recurring financial charges | 65 | €6,206 | €9,235 | +€3,029 | +48.8% |
| Profit (loss) for the period before taxes | 9903 | €17,936 | €57,998 | +€40,063 | +223.4% |
| Income taxes | 67/77 | €5,707 | €18,454 | +€12,747 | +223.4% |
| Profit (loss) for the period | 9904 | €12,229 | €39,544 | +€27,316 | +223.4% |
| Profit (loss) for the period to be appropriated | 9905 | €12,229 | €39,544 | +€27,316 | +223.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 8 October 2026 via checked.be.