JAR: 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.
JAR
Largest movements
- Tangible fixed assets +€450,000
up €450,000 (+108%), from €415,400 to €865,400
- Debts after one year +€525,475
up €525,475 (+221%), from €237,997 to €763,472
- Profit (loss) carried forward -€40,850
down €40,850 (-54.1%), from €75,524 to €34,674
- Tax, wage and social debts -€35,229
no longer reported in 2025 (was €35,229)
- Depreciation -€21,315
down €21,315 (-48.3%), from €44,100 to €22,785
- Gross operating margin -€13,018
down €13,018 (-7,367%), from -€177 to -€13,195
- Financial charges +€2,478
up €2,478 (+159%), from €1,558 to €4,036
- Financial income -€377
no longer reported in 2025 (was €377)
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.
Derived cash bridge
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 | €416,950 | €866,902 | +€449,952 | +108% |
| Fixed assets | 21/28 | €415,400 | €865,400 | +€450,000 | +108% |
| Tangible fixed assets | 22/27 | €415,400 | €865,400 | +€450,000 | +108% |
| Land and buildings | 22 | €415,400 | €865,400 | +€450,000 | +108% |
| Current assets | 29/58 | €1,550 | €1,502 | -€48 | -3.1% |
| Cash at bank and in hand | 54/58 | €1,550 | €1,502 | -€48 | -3.1% |
| Total equity and liabilities | 10/49 | €416,950 | €866,902 | +€449,952 | +108% |
| Equity | 10/15 | €143,724 | €102,874 | -€40,850 | -28.4% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €6,200 | €6,200 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Profit (loss) carried forward | 14 | €75,524 | €34,674 | -€40,850 | -54.1% |
| Amounts payable | 17/49 | €273,227 | €764,029 | +€490,802 | +180% |
| Amounts payable after more than one year | 17 | €237,997 | €763,472 | +€525,475 | +221% |
| Other amounts payable | 178/9 | €237,997 | €763,472 | +€525,475 | +221% |
| Amounts payable within one year | 42/48 | €35,229 | €557 | -€34,673 | -98.4% |
| Trade debts | 44 | - | €557 | +€557 | |
| Suppliers | 440/4 | - | €557 | +€557 | |
| Taxes, remuneration and social security | 45 | €35,229 | - | -€35,229 | |
| Taxes | 450/3 | €35,229 | - | -€35,229 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €44,100 | €22,785 | -€21,315 | -48.3% |
| Other operating charges | 640/8 | €703 | €835 | +€131 | +18.6% |
| Gross operating margin | 9900 | -€177 | -€13,195 | -€13,018 | -7,367% |
| Operating profit (loss) | 9901 | -€44,980 | -€36,814 | +€8,166 | +18.2% |
| Financial income | 75/76B | €377 | - | -€377 | |
| Recurring financial income | 75 | €377 | - | -€377 | |
| Financial charges | 65/66B | €1,558 | €4,036 | +€2,478 | +159% |
| Recurring financial charges | 65 | €1,558 | €4,036 | +€2,478 | +159% |
| Profit (loss) for the period before taxes | 9903 | -€46,161 | -€40,850 | +€5,311 | +11.5% |
| Profit (loss) for the period | 9904 | -€46,161 | -€40,850 | +€5,311 | +11.5% |
| Profit (loss) for the period to be appropriated | 9905 | -€46,161 | -€40,850 | +€5,311 | +11.5% |
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 14 October 2026 via checked.be.