JARCAU: 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.
JARCAU
Largest movements
- Tangible fixed assets +€984,153
up €984,153 (+68.3%), from €1.4m to €2.4m
of which Land and buildings: +€953,317
- Cash +€796,614
up €796,614 (+89.7%), from €887,754 to €1.7m
mainly Net result for the year (+€1.2m) and Contributions, distributions and other (+€355,333)
- Reserves +€1.2m
up €1.2m (+48.3%), from €2.5m to €3.7m
of which Distributable reserves: +€1.2m
- Profit (loss) carried forward +€362,554
up €362,554 (+537%), from €67,463 to €430,017
- Tax, wage and social debts +€222,510
up €222,510 (+2,608%), from €8,532 to €231,041
of which Taxes: +€226,874
- Debts after one year -€60,377
down €60,377 (-6.1%), from €982,242 to €921,865
of which Financial debts: -€78,087
- Purchases and services -€2.3m
no longer reported in 2025 (was €2.3m)
- Gross operating margin +€843,050
up €843,050 (+97.5%), from €864,936 to €1.7m
- Other operating charges -€60,987
down €60,987 (-83.8%), from €72,780 to €11,792
- Taxes +€41,198
up €41,198 (+16.5%), from €249,575 to €290,773
- Depreciation +€40,801
up €40,801 (+51.0%), from €79,975 to €120,776
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 | €3,622,993 | €5,364,071 | +€1.7m | +48.1% |
| Fixed assets | 21/28 | €1,442,207 | €2,426,360 | +€984,153 | +68.2% |
| Tangible fixed assets | 22/27 | €1,439,874 | €2,424,027 | +€984,153 | +68.3% |
| Land and buildings | 22 | €1,340,908 | €2,294,226 | +€953,317 | +71.1% |
| Plant, machinery and equipment | 23 | €12,839 | €18,390 | +€5,552 | +43.2% |
| Furniture and vehicles | 24 | €86,127 | €111,411 | +€25,284 | +29.4% |
| Financial fixed assets | 28 | €2,333 | €2,333 | = | 0.0% |
| Current assets | 29/58 | €2,180,786 | €2,937,711 | +€756,925 | +34.7% |
| Amounts receivable after more than one year | 29 | €185,267 | €150,508 | -€34,759 | -18.8% |
| Other amounts receivable | 291 | €185,267 | €150,508 | -€34,759 | -18.8% |
| Amounts receivable within one year | 40/41 | €1,100,496 | €1,102,127 | +€1,631 | +0.1% |
| Trade receivables | 40 | €867,928 | €1,082,649 | +€214,721 | +24.7% |
| Other amounts receivable | 41 | €232,568 | €19,478 | -€213,090 | -91.6% |
| Cash at bank and in hand | 54/58 | €887,754 | €1,684,367 | +€796,614 | +89.7% |
| Deferred charges and accrued income | 490/1 | €7,269 | €708 | -€6,561 | -90.3% |
| Total equity and liabilities | 10/49 | €3,622,993 | €5,364,071 | +€1.7m | +48.1% |
| Equity | 10/15 | €2,558,523 | €4,121,077 | +€1.6m | +61.1% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €2,484,860 | €3,684,860 | +€1.2m | +48.3% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €2,483,000 | €3,683,000 | +€1.2m | +48.3% |
| Profit (loss) carried forward | 14 | €67,463 | €430,017 | +€362,554 | +537% |
| Amounts payable | 17/49 | €1,064,470 | €1,242,994 | +€178,524 | +16.8% |
| Amounts payable after more than one year | 17 | €982,242 | €921,865 | -€60,377 | -6.1% |
| Financial debts | 170/4 | €982,242 | €904,155 | -€78,087 | -7.9% |
| Other amounts payable | 178/9 | - | €17,710 | +€17,710 | |
| Amounts payable within one year | 42/48 | €81,538 | €320,487 | +€238,949 | +293% |
| Financial debts | 43 | €41,811 | €81,072 | +€39,262 | +93.9% |
| Credit institutions | 430/8 | €41,811 | €81,072 | +€39,262 | +93.9% |
| Trade debts | 44 | €30,396 | €8,373 | -€22,023 | -72.5% |
| Suppliers | 440/4 | €30,396 | €8,373 | -€22,023 | -72.5% |
| Taxes, remuneration and social security | 45 | €8,532 | €231,041 | +€222,510 | +2,608% |
| Taxes | 450/3 | - | €226,874 | +€226,874 | |
| Remuneration and social security | 454/9 | €8,532 | €4,168 | -€4,364 | -51.1% |
| Other amounts payable | 47/48 | €800 | - | -€800 | |
| Accrued charges and deferred income | 492/3 | €689 | €642 | -€48 | -6.9% |
| Goods, raw materials, services and sundry goods | 60/61 | €2,293,717 | - | -€2.3m | |
| Remuneration, social security and pensions | 62 | €47,096 | €25,173 | -€21,924 | -46.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €79,975 | €120,776 | +€40,801 | +51.0% |
| Other operating charges | 640/8 | €72,780 | €11,792 | -€60,987 | -83.8% |
| Gross operating margin | 9900 | €864,936 | €1,707,986 | +€843,050 | +97.5% |
| Operating profit (loss) | 9901 | €665,085 | €1,550,244 | +€885,159 | +133% |
| Financial income | 75/76B | €58 | €9,450 | +€9,392 | +16,148% |
| Recurring financial income | 75 | €58 | €9,450 | +€9,392 | +16,148% |
| Financial charges | 65/66B | €33,187 | €61,701 | +€28,514 | +85.9% |
| Recurring financial charges | 65 | €33,187 | €61,701 | +€28,514 | +85.9% |
| Profit (loss) for the period before taxes | 9903 | €631,956 | €1,497,994 | +€866,037 | +137% |
| Income taxes | 67/77 | €249,575 | €290,773 | +€41,198 | +16.5% |
| Profit (loss) for the period | 9904 | €382,382 | €1,207,221 | +€824,839 | +216% |
| Profit (loss) for the period to be appropriated | 9905 | €382,382 | €1,207,221 | +€824,839 | +216% |
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 28 October 2026 via checked.be.