JALES: 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.
JALES
Largest movements
- Receivables within one year +€14,419
up €14,419 (+7.7%), from €187,055 to €201,475
of which Trade receivables: +€20,303
- Tangible fixed assets -€10,304
down €10,304 (-35.8%), from €28,817 to €18,513
of which Furniture and vehicles: -€6,648
- Cash +€8,015
up €8,015 (+117.7%), from €6,808 to €14,823
mainly Other debts (+€106,936) and Tax, wage and social debts (+€14,632)
- Reserves -€111,122
down €111,122 (-60.2%), from €184,445 to €73,323
- Other debts +€106,936
up €106,936 (+591.2%), from €18,087 to €125,023
- Tax, wage and social debts +€14,632
up €14,632 (+265.0%), from €5,521 to €20,153
of which Taxes: +€17,307
- Gross operating margin -€7,956
down €7,956 (-23.8%), from €33,369 to €25,414
- Depreciation +€1,107
up €1,107 (+12.0%), from €9,197 to €10,304
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 | €226,804 | €238,898 | +€12,094 | +5.3% |
| Fixed assets | 21/28 | €31,817 | €21,513 | -€10,304 | -32.4% |
| Tangible fixed assets | 22/27 | €28,817 | €18,513 | -€10,304 | -35.8% |
| Furniture and vehicles | 24 | €16,581 | €9,933 | -€6,648 | -40.1% |
| Other tangible fixed assets | 26 | €12,236 | €8,580 | -€3,656 | -29.9% |
| Financial fixed assets | 28 | €3,000 | €3,000 | = | 0.0% |
| Current assets | 29/58 | €194,987 | €217,385 | +€22,398 | +11.5% |
| Amounts receivable within one year | 40/41 | €187,055 | €201,475 | +€14,419 | +7.7% |
| Trade receivables | 40 | €84,147 | €104,449 | +€20,303 | +24.1% |
| Other amounts receivable | 41 | €102,909 | €97,026 | -€5,883 | -5.7% |
| Cash at bank and in hand | 54/58 | €6,808 | €14,823 | +€8,015 | +117.7% |
| Deferred charges and accrued income | 490/1 | €1,124 | €1,087 | -€36 | -3.2% |
| Total equity and liabilities | 10/49 | €226,804 | €238,898 | +€12,094 | +5.3% |
| Equity | 10/15 | €203,045 | €91,923 | -€111,122 | -54.7% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €184,445 | €73,323 | -€111,122 | -60.2% |
| Distributable reserves | 133 | €184,445 | €73,323 | -€111,122 | -60.2% |
| Amounts payable | 17/49 | €23,759 | €146,976 | +€123,217 | +518.6% |
| Amounts payable within one year | 42/48 | €23,759 | €146,976 | +€123,217 | +518.6% |
| Financial debts | 43 | - | €9 | +€9 | |
| Credit institutions | 430/8 | - | €9 | +€9 | |
| Trade debts | 44 | €151 | €1,790 | +€1,639 | +1082.6% |
| Suppliers | 440/4 | €151 | €1,790 | +€1,639 | +1082.6% |
| Taxes, remuneration and social security | 45 | €5,521 | €20,153 | +€14,632 | +265.0% |
| Taxes | 450/3 | €2,846 | €20,153 | +€17,307 | +608.2% |
| Remuneration and social security | 454/9 | €2,675 | - | -€2,675 | |
| Other amounts payable | 47/48 | €18,087 | €125,023 | +€106,936 | +591.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,197 | €10,304 | +€1,107 | +12.0% |
| Other operating charges | 640/8 | €253 | €189 | -€64 | -25.2% |
| Gross operating margin | 9900 | €33,369 | €25,414 | -€7,956 | -23.8% |
| Operating profit (loss) | 9901 | €23,920 | €14,921 | -€8,999 | -37.6% |
| Financial charges | 65/66B | €319 | €347 | +€29 | +9.0% |
| Recurring financial charges | 65 | €319 | €347 | +€29 | +9.0% |
| Profit (loss) for the period before taxes | 9903 | €23,601 | €14,574 | -€9,027 | -38.2% |
| Income taxes | 67/77 | €5,049 | €4,796 | -€252 | -5.0% |
| Profit (loss) for the period | 9904 | €18,553 | €9,778 | -€8,775 | -47.3% |
| Profit (loss) for the period to be appropriated | 9905 | €18,553 | €9,778 | -€8,775 | -47.3% |
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.