JARCS: 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.
JARCS
Largest movements
- Tangible fixed assets -€117,880
down €117,880 (-8.8%), from €1.3m to €1.2m
of which Plant, machinery and equipment: -€87,263
- Cash -€60,842
down €60,842 (-66.7%), from €91,180 to €30,338
mainly Trade debts (-€172,952) and Debts after one year (-€56,373)
- Current investments -€35,000
down €35,000 (-100.0%), from €35,000 to €0
- Receivables within one year -€19,732
down €19,732 (-30.6%), from €64,581 to €44,849
of which Other amounts receivable: -€44,407
- Trade debts -€172,952
down €172,952 (-61.6%), from €280,716 to €107,764
- Debts after one year -€56,373
down €56,373 (-14.8%), from €381,972 to €325,599
- Other debts +€26,208
up €26,208 (+47.9%), from €54,662 to €80,869
- Current portion of long-term debt -€17,615
down €17,615 (-23.8%), from €73,988 to €56,373
- Gross operating margin -€33,742
down €33,742 (-20.3%), from €166,105 to €132,363
- Financial charges -€4,846
down €4,846 (-26.7%), from €18,125 to €13,279
- Other operating charges -€1,759
down €1,759 (-11.1%), from €15,861 to €14,102
From the 2023 result to the 2024 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 2023 and 2024 balance sheets and the 2024 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2023 | 2024 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,534,848 | €1,301,394 | -€233,454 | -15.2% |
| Fixed assets | 21/28 | €1,344,087 | €1,226,207 | -€117,880 | -8.8% |
| Tangible fixed assets | 22/27 | €1,344,087 | €1,226,207 | -€117,880 | -8.8% |
| Land and buildings | 22 | €1,166,620 | €1,136,003 | -€30,617 | -2.6% |
| Plant, machinery and equipment | 23 | €177,467 | €90,204 | -€87,263 | -49.2% |
| Current assets | 29/58 | €190,761 | €75,187 | -€115,574 | -60.6% |
| Amounts receivable within one year | 40/41 | €64,581 | €44,849 | -€19,732 | -30.6% |
| Trade receivables | 40 | €19,144 | €43,819 | +€24,675 | +128.9% |
| Other amounts receivable | 41 | €45,437 | €1,031 | -€44,407 | -97.7% |
| Current investments | 50/53 | €35,000 | €0 | -€35,000 | -100.0% |
| Cash at bank and in hand | 54/58 | €91,180 | €30,338 | -€60,842 | -66.7% |
| Total equity and liabilities | 10/49 | €1,534,848 | €1,301,394 | -€233,454 | -15.2% |
| Equity | 10/15 | €743,511 | €730,789 | -€12,722 | -1.7% |
| Contributions | 10/11 | €61,500 | €61,500 | = | 0.0% |
| Capital | 10 | €61,500 | €61,500 | = | 0.0% |
| Issued capital | 100 | €61,500 | €61,500 | = | 0.0% |
| Revaluation surpluses | 12 | €760,000 | €760,000 | = | 0.0% |
| Reserves | 13 | €6,150 | €6,150 | = | 0.0% |
| Non-distributable reserves | 130/1 | €6,150 | €6,150 | = | 0.0% |
| Legal reserve | 130 | €6,150 | €6,150 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€84,139 | -€96,861 | -€12,722 | -15.1% |
| Amounts payable | 17/49 | €791,337 | €570,605 | -€220,732 | -27.9% |
| Amounts payable after more than one year | 17 | €381,972 | €325,599 | -€56,373 | -14.8% |
| Financial debts | 170/4 | €381,972 | €325,599 | -€56,373 | -14.8% |
| Amounts payable within one year | 42/48 | €409,366 | €245,006 | -€164,359 | -40.1% |
| Current portion of amounts payable after more than one year | 42 | €73,988 | €56,373 | -€17,615 | -23.8% |
| Trade debts | 44 | €280,716 | €107,764 | -€172,952 | -61.6% |
| Suppliers | 440/4 | €280,716 | €107,764 | -€172,952 | -61.6% |
| Other amounts payable | 47/48 | €54,662 | €80,869 | +€26,208 | +47.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €118,990 | €117,880 | -€1,110 | -0.9% |
| Other operating charges | 640/8 | €15,861 | €14,102 | -€1,759 | -11.1% |
| Gross operating margin | 9900 | €166,105 | €132,363 | -€33,742 | -20.3% |
| Operating profit (loss) | 9901 | €31,255 | €381 | -€30,874 | -98.8% |
| Financial income | 75/76B | €0 | €252 | +€252 | |
| Recurring financial income | 75 | €0 | €252 | +€252 | |
| Financial charges | 65/66B | €18,125 | €13,279 | -€4,846 | -26.7% |
| Recurring financial charges | 65 | €18,125 | €13,279 | -€4,846 | -26.7% |
| Profit (loss) for the period before taxes | 9903 | €13,129 | -€12,646 | -€25,776 | |
| Income taxes | 67/77 | - | €76 | +€76 | |
| Profit (loss) for the period | 9904 | €13,129 | -€12,722 | -€25,851 | |
| Profit (loss) for the period to be appropriated | 9905 | €13,129 | -€12,722 | -€25,851 |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2023 and 31 December 2024. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 2 October 2026 via checked.be.