JALA: 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.
JALA
Largest movements
- Tangible fixed assets +€49,782
up €49,782 (+12.2%), from €409,137 to €458,919
of which Plant, machinery and equipment: +€63,055
- Cash -€20,753
down €20,753 (-15.6%), from €132,965 to €112,212
mainly Investment in fixed assets (net) (-€132,151) and Debts after one year (-€63,043)
- Receivables within one year +€16,327
up €16,327 (+60.4%), from €27,044 to €43,370
of which Other amounts receivable: +€20,045
- Reserves +€82,516
up €82,516 (+20.8%), from €396,019 to €478,535
of which Distributable reserves: +€82,516
- Debts after one year -€63,043
down €63,043 (-32.8%), from €191,953 to €128,910
- Current portion of long-term debt +€29,628
up €29,628 (+47.0%), from €63,074 to €92,702
- Other debts +€16,873
up €16,873 (+54.1%), from €31,186 to €48,059
- Short-term financial debts -€15,125
down €15,125 (-100.0%), from €15,125 to €0
- Gross operating margin +€75,395
up €75,395 (+9.2%), from €818,463 to €893,858
- Staff costs +€28,342
up €28,342 (+4.8%), from €593,636 to €621,978
- Depreciation +€11,579
up €11,579 (+16.4%), from €70,790 to €82,369
- Taxes +€9,180
up €9,180 (+20.3%), from €45,263 to €54,443
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 | €967,738 | €1,005,249 | +€37,510 | +3.9% |
| Fixed assets | 21/28 | €409,137 | €458,919 | +€49,782 | +12.2% |
| Tangible fixed assets | 22/27 | €409,137 | €458,919 | +€49,782 | +12.2% |
| Land and buildings | 22 | €15,792 | €14,292 | -€1,500 | -9.5% |
| Plant, machinery and equipment | 23 | €359,193 | €422,248 | +€63,055 | +17.6% |
| Furniture and vehicles | 24 | €16,503 | €7,882 | -€8,621 | -52.2% |
| Leasing and similar rights | 25 | €17,649 | €14,498 | -€3,151 | -17.9% |
| Current assets | 29/58 | €558,601 | €546,329 | -€12,272 | -2.2% |
| Stocks and contracts in progress | 3 | €391,066 | €383,092 | -€7,974 | -2.0% |
| Stocks | 30/36 | €391,066 | €383,092 | -€7,974 | -2.0% |
| Amounts receivable within one year | 40/41 | €27,044 | €43,370 | +€16,327 | +60.4% |
| Trade receivables | 40 | €22,089 | €18,370 | -€3,719 | -16.8% |
| Other amounts receivable | 41 | €4,955 | €25,000 | +€20,045 | +404.6% |
| Cash at bank and in hand | 54/58 | €132,965 | €112,212 | -€20,753 | -15.6% |
| Deferred charges and accrued income | 490/1 | €7,526 | €7,655 | +€129 | +1.7% |
| Total equity and liabilities | 10/49 | €967,738 | €1,005,249 | +€37,510 | +3.9% |
| Equity | 10/15 | €426,019 | €508,535 | +€82,516 | +19.4% |
| Contributions | 10/11 | €30,000 | €30,000 | = | 0.0% |
| Reserves | 13 | €396,019 | €478,535 | +€82,516 | +20.8% |
| Non-distributable reserves | 130/1 | €3,000 | €3,000 | = | 0.0% |
| Reserves not available under the articles | 1311 | €3,000 | €3,000 | = | 0.0% |
| Distributable reserves | 133 | €393,019 | €475,535 | +€82,516 | +21.0% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €541,719 | €496,713 | -€45,006 | -8.3% |
| Amounts payable after more than one year | 17 | €191,953 | €128,910 | -€63,043 | -32.8% |
| Financial debts | 170/4 | €191,953 | €128,910 | -€63,043 | -32.8% |
| Amounts payable within one year | 42/48 | €343,379 | €358,804 | +€15,424 | +4.5% |
| Current portion of amounts payable after more than one year | 42 | €63,074 | €92,702 | +€29,628 | +47.0% |
| Financial debts | 43 | €15,125 | €0 | -€15,125 | -100.0% |
| Credit institutions | 430/8 | €15,125 | €0 | -€15,125 | -100.0% |
| Trade debts | 44 | €77,449 | €74,111 | -€3,337 | -4.3% |
| Suppliers | 440/4 | €77,449 | €74,111 | -€3,337 | -4.3% |
| Advances received on contracts in progress | 46 | €0 | - | = | |
| Taxes, remuneration and social security | 45 | €156,546 | €143,931 | -€12,615 | -8.1% |
| Taxes | 450/3 | €69,526 | €48,106 | -€21,419 | -30.8% |
| Remuneration and social security | 454/9 | €87,021 | €95,825 | +€8,804 | +10.1% |
| Other amounts payable | 47/48 | €31,186 | €48,059 | +€16,873 | +54.1% |
| Accrued charges and deferred income | 492/3 | €6,387 | €9,000 | +€2,613 | +40.9% |
| Non-recurring operating income | 76A | €0 | - | = | |
| Remuneration, social security and pensions | 62 | €593,636 | €621,978 | +€28,342 | +4.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €70,790 | €82,369 | +€11,579 | +16.4% |
| Other operating charges | 640/8 | €3,324 | €3,157 | -€168 | -5.0% |
| Gross operating margin | 9900 | €818,463 | €893,858 | +€75,395 | +9.2% |
| Operating profit (loss) | 9901 | €150,712 | €186,355 | +€35,643 | +23.6% |
| Financial income | 75/76B | €27,509 | €26,737 | -€771 | -2.8% |
| Recurring financial income | 75 | €2,509 | €1,737 | -€771 | -30.7% |
| Non-recurring financial income | 76B | €25,000 | €25,000 | = | 0.0% |
| Financial charges | 65/66B | €22,308 | €25,990 | +€3,682 | +16.5% |
| Recurring financial charges | 65 | €22,308 | €25,990 | +€3,682 | +16.5% |
| Profit (loss) for the period before taxes | 9903 | €155,913 | €187,102 | +€31,189 | +20.0% |
| Income taxes | 67/77 | €45,263 | €54,443 | +€9,180 | +20.3% |
| Profit (loss) for the period | 9904 | €110,650 | €132,660 | +€22,009 | +19.9% |
| Profit (loss) for the period to be appropriated | 9905 | €110,650 | €132,660 | +€22,009 | +19.9% |
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 4 October 2026 via checked.be.