JARD&A: 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.
JARD&A
Largest movements
- Tangible fixed assets +€50,918
up €50,918 (+242%), from €21,031 to €71,949
of which Furniture and vehicles: +€51,980
- Cash +€9,172
up €9,172 (+500%), from €1,833 to €11,005
mainly Debts after one year (+€42,769) and Current portion of long-term debt (+€15,748)
- Receivables within one year +€6,138
up €6,138 (+102%), from €6,037 to €12,175
of which Other amounts receivable: +€5,003
- Debts after one year +€42,769
up €42,769 (+453%), from €9,443 to €52,212
- Current portion of long-term debt +€15,748
new in 2025: €15,748
- Other debts +€6,420
up €6,420 (+51.3%), from €12,506 to €18,926
- Tax, wage and social debts -€2,912
down €2,912 (-84.8%), from €3,435 to €523
of which Remuneration and social security: -€3,252
- Profit (loss) carried forward +€2,812
up €2,812 (+238%), from €1,180 to €3,992
- Gross operating margin +€10,130
up €10,130 (+121%), from €8,364 to €18,494
- Depreciation +€5,261
up €5,261 (+95.3%), from €5,523 to €10,784
- Financial charges +€790
up €790 (+350%), from €226 to €1,016
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 | €29,015 | €96,025 | +€67,010 | +231% |
| Fixed assets | 21/28 | €21,031 | €71,949 | +€50,918 | +242% |
| Tangible fixed assets | 22/27 | €21,031 | €71,949 | +€50,918 | +242% |
| Plant, machinery and equipment | 23 | €2,478 | €1,416 | -€1,062 | -42.9% |
| Furniture and vehicles | 24 | €18,553 | €70,533 | +€51,980 | +280% |
| Current assets | 29/58 | €7,984 | €24,076 | +€16,092 | +202% |
| Amounts receivable within one year | 40/41 | €6,037 | €12,175 | +€6,138 | +102% |
| Trade receivables | 40 | €4,325 | €5,460 | +€1,135 | +26.2% |
| Other amounts receivable | 41 | €1,712 | €6,715 | +€5,003 | +292% |
| Cash at bank and in hand | 54/58 | €1,833 | €11,005 | +€9,172 | +500% |
| Deferred charges and accrued income | 490/1 | €114 | €896 | +€782 | +686% |
| Total equity and liabilities | 10/49 | €29,015 | €96,025 | +€67,010 | +231% |
| Equity | 10/15 | €3,180 | €5,992 | +€2,812 | +88.4% |
| Contributions | 10/11 | €2,000 | €2,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | €1,180 | €3,992 | +€2,812 | +238% |
| Amounts payable | 17/49 | €25,835 | €90,033 | +€64,198 | +248% |
| Amounts payable after more than one year | 17 | €9,443 | €52,212 | +€42,769 | +453% |
| Financial debts | 170/4 | €9,443 | €52,212 | +€42,769 | +453% |
| Amounts payable within one year | 42/48 | €16,392 | €37,821 | +€21,429 | +131% |
| Current portion of amounts payable after more than one year | 42 | - | €15,748 | +€15,748 | |
| Trade debts | 44 | €451 | €2,624 | +€2,173 | +482% |
| Suppliers | 440/4 | €451 | €2,624 | +€2,173 | +482% |
| Taxes, remuneration and social security | 45 | €3,435 | €523 | -€2,912 | -84.8% |
| Taxes | 450/3 | €183 | €523 | +€340 | +186% |
| Remuneration and social security | 454/9 | €3,252 | - | -€3,252 | |
| Other amounts payable | 47/48 | €12,506 | €18,926 | +€6,420 | +51.3% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €5,523 | €10,784 | +€5,261 | +95.3% |
| Other operating charges | 640/8 | €1,252 | €1,167 | -€85 | -6.8% |
| Non-recurring operating charges | 66A | - | €2,375 | +€2,375 | |
| Gross operating margin | 9900 | €8,364 | €18,494 | +€10,130 | +121% |
| Operating profit (loss) | 9901 | €1,589 | €4,168 | +€2,579 | +162% |
| Financial charges | 65/66B | €226 | €1,016 | +€790 | +350% |
| Recurring financial charges | 65 | €226 | €1,016 | +€790 | +350% |
| Profit (loss) for the period before taxes | 9903 | €1,363 | €3,152 | +€1,789 | +131% |
| Income taxes | 67/77 | €183 | €340 | +€157 | +85.8% |
| Profit (loss) for the period | 9904 | €1,180 | €2,812 | +€1,632 | +138% |
| Profit (loss) for the period to be appropriated | 9905 | €1,180 | €2,812 | +€1,632 | +138% |
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 13 October 2026 via checked.be.