Jarco Caers: 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.
Jarco Caers
Largest movements
- Receivables within one year +€80,273
up €80,273 (+233%), from €34,403 to €114,676
of which Trade receivables: +€85,947
- Tangible fixed assets +€22,072
up €22,072 (+16.6%), from €132,867 to €154,939
of which Furniture and vehicles: +€32,286
- Cash +€19,049
up €19,049 (+37.7%), from €50,505 to €69,554
mainly Net result for the year (+€75,971) and Other debts (+€74,490)
- Other debts +€74,490
up €74,490 (+429%), from €17,375 to €91,866
- Trade debts +€23,206
up €23,206 (+248%), from €9,353 to €32,559
- Current portion of long-term debt +€10,687
up €10,687 (+42.6%), from €25,087 to €35,774
- Tax, wage and social debts +€7,612
up €7,612 (+47.7%), from €15,970 to €23,582
of which Taxes: +€7,612
- Gross operating margin +€70,777
up €70,777 (+83.2%), from €85,082 to €155,859
- Taxes +€14,719
up €14,719 (+122%), from €12,078 to €26,797
- Depreciation +€9,622
up €9,622 (+28.4%), from €33,917 to €43,539
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 | €226,822 | €346,846 | +€120,024 | +52.9% |
| Fixed assets | 21/28 | €138,522 | €159,667 | +€21,146 | +15.3% |
| Intangible fixed assets | 21 | €1,980 | €1,053 | -€927 | -46.8% |
| Tangible fixed assets | 22/27 | €132,867 | €154,939 | +€22,072 | +16.6% |
| Plant, machinery and equipment | 23 | €44,830 | €34,616 | -€10,214 | -22.8% |
| Furniture and vehicles | 24 | €88,037 | €120,323 | +€32,286 | +36.7% |
| Financial fixed assets | 28 | €3,675 | €3,675 | = | 0.0% |
| Current assets | 29/58 | €88,301 | €187,179 | +€98,878 | +112% |
| Stocks and contracts in progress | 3 | €1,233 | €0 | -€1,233 | -100% |
| Stocks | 30/36 | €1,233 | €0 | -€1,233 | -100% |
| Amounts receivable within one year | 40/41 | €34,403 | €114,676 | +€80,273 | +233% |
| Trade receivables | 40 | €28,729 | €114,676 | +€85,947 | +299% |
| Other amounts receivable | 41 | €5,674 | €0 | -€5,674 | -100% |
| Cash at bank and in hand | 54/58 | €50,505 | €69,554 | +€19,049 | +37.7% |
| Deferred charges and accrued income | 490/1 | €2,160 | €2,949 | +€789 | +36.5% |
| Total equity and liabilities | 10/49 | €226,822 | €346,846 | +€120,024 | +52.9% |
| Equity | 10/15 | €102,817 | €103,788 | +€971 | +0.9% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €97,817 | €98,788 | +€971 | +1.0% |
| Distributable reserves | 133 | €97,817 | €98,788 | +€971 | +1.0% |
| Profit (loss) carried forward | 14 | - | €0 | = | |
| Amounts payable | 17/49 | €124,005 | €243,058 | +€119,053 | +96.0% |
| Amounts payable after more than one year | 17 | €56,219 | €58,877 | +€2,658 | +4.7% |
| Financial debts | 170/4 | €56,219 | €58,877 | +€2,658 | +4.7% |
| Amounts payable within one year | 42/48 | €67,786 | €183,781 | +€115,995 | +171% |
| Current portion of amounts payable after more than one year | 42 | €25,087 | €35,774 | +€10,687 | +42.6% |
| Trade debts | 44 | €9,353 | €32,559 | +€23,206 | +248% |
| Suppliers | 440/4 | €9,353 | €32,559 | +€23,206 | +248% |
| Taxes, remuneration and social security | 45 | €15,970 | €23,582 | +€7,612 | +47.7% |
| Taxes | 450/3 | €12,370 | €19,982 | +€7,612 | +61.5% |
| Remuneration and social security | 454/9 | €3,600 | €3,600 | = | 0.0% |
| Other amounts payable | 47/48 | €17,375 | €91,866 | +€74,490 | +429% |
| Accrued charges and deferred income | 492/3 | - | €400 | +€400 | |
| Non-recurring operating income | 76A | €406 | €0 | -€406 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,917 | €43,539 | +€9,622 | +28.4% |
| Other operating charges | 640/8 | €3,748 | €3,626 | -€121 | -3.2% |
| Non-recurring operating charges | 66A | - | €3,141 | +€3,141 | |
| Gross operating margin | 9900 | €85,082 | €155,859 | +€70,777 | +83.2% |
| Operating profit (loss) | 9901 | €47,417 | €105,553 | +€58,136 | +123% |
| Financial income | 75/76B | €1,527 | €943 | -€584 | -38.3% |
| Recurring financial income | 75 | €1,527 | €943 | -€584 | -38.3% |
| Financial charges | 65/66B | €4,563 | €3,728 | -€835 | -18.3% |
| Recurring financial charges | 65 | €4,563 | €3,728 | -€835 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €44,381 | €102,767 | +€58,386 | +132% |
| Income taxes | 67/77 | €12,078 | €26,797 | +€14,719 | +122% |
| Profit (loss) for the period | 9904 | €32,303 | €75,971 | +€43,667 | +135% |
| Profit (loss) for the period to be appropriated | 9905 | €32,303 | €75,971 | +€43,667 | +135% |
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.