JARDITECH: 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.
JARDITECH
Largest movements
- Receivables within one year +€311,689
up €311,689 (+52.5%), from €593,920 to €905,608
of which Trade receivables: +€312,788
- Tangible fixed assets +€199,161
up €199,161 (+53.2%), from €374,044 to €573,205
of which Plant, machinery and equipment: +€221,643
- Cash -€112,371
down €112,371 (-46.8%), from €240,263 to €127,893
mainly Investment in fixed assets (net) (-€391,516) and Receivables within one year (-€311,689)
- Stocks and contracts +€39,662
up €39,662 (+6.1%), from €652,169 to €691,832
- Debts after one year +€171,795
up €171,795 (+98.5%), from €174,372 to €346,167
- Trade debts +€149,284
up €149,284 (+56.4%), from €264,546 to €413,830
- Profit (loss) carried forward +€78,285
up €78,285 (+15.7%), from €499,082 to €577,367
- Current portion of long-term debt +€66,928
up €66,928 (+104.0%), from €64,370 to €131,298
- Short-term financial debts -€35,161
down €35,161 (-17.6%), from €200,000 to €164,839
- Gross operating margin +€55,449
up €55,449 (+9.7%), from €570,807 to €626,257
- Depreciation +€54,394
up €54,394 (+39.4%), from €137,961 to €192,355
- Write-downs -€23,924
down €23,924, from €20,336 to -€3,588
- Other operating charges -€10,904
down €10,904 (-67.1%), from €16,253 to €5,349
- Taxes +€10,132
up €10,132 (+43.4%), from €23,348 to €33,480
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.
Cash bridge derived
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 | €1,866,964 | €2,306,460 | +€439,496 | +23.5% |
| Fixed assets | 21/28 | €374,127 | €573,288 | +€199,161 | +53.2% |
| Intangible fixed assets | 21 | €0 | €0 | = | |
| Tangible fixed assets | 22/27 | €374,044 | €573,205 | +€199,161 | +53.2% |
| Plant, machinery and equipment | 23 | €311,429 | €533,072 | +€221,643 | +71.2% |
| Furniture and vehicles | 24 | €57,848 | €36,406 | -€21,443 | -37.1% |
| Other tangible fixed assets | 26 | €4,767 | €3,728 | -€1,039 | -21.8% |
| Financial fixed assets | 28 | €83 | €83 | = | 0.0% |
| Current assets | 29/58 | €1,492,837 | €1,733,172 | +€240,335 | +16.1% |
| Stocks and contracts in progress | 3 | €652,169 | €691,832 | +€39,662 | +6.1% |
| Stocks | 30/36 | €652,169 | €691,832 | +€39,662 | +6.1% |
| Amounts receivable within one year | 40/41 | €593,920 | €905,608 | +€311,689 | +52.5% |
| Trade receivables | 40 | €565,143 | €877,931 | +€312,788 | +55.3% |
| Other amounts receivable | 41 | €28,777 | €27,677 | -€1,099 | -3.8% |
| Cash at bank and in hand | 54/58 | €240,263 | €127,893 | -€112,371 | -46.8% |
| Deferred charges and accrued income | 490/1 | €6,485 | €7,839 | +€1,355 | +20.9% |
| Total equity and liabilities | 10/49 | €1,866,964 | €2,306,460 | +€439,496 | +23.5% |
| Equity | 10/15 | €935,517 | €1,041,336 | +€105,818 | +11.3% |
| Contributions | 10/11 | €311,373 | €311,373 | = | 0.0% |
| Capital | 10 | €311,373 | €311,373 | = | 0.0% |
| Issued capital | 100 | €311,373 | €311,373 | = | 0.0% |
| Reserves | 13 | €125,062 | €152,596 | +€27,534 | +22.0% |
| Non-distributable reserves | 130/1 | €12,518 | €12,518 | = | 0.0% |
| Legal reserve | 130 | €12,518 | €12,518 | = | 0.0% |
| Tax-exempt reserves | 132 | €12,544 | €15,078 | +€2,534 | +20.2% |
| Distributable reserves | 133 | €100,000 | €125,000 | +€25,000 | +25.0% |
| Profit (loss) carried forward | 14 | €499,082 | €577,367 | +€78,285 | +15.7% |
| Amounts payable | 17/49 | €931,447 | €1,265,124 | +€333,677 | +35.8% |
| Amounts payable after more than one year | 17 | €174,372 | €346,167 | +€171,795 | +98.5% |
| Financial debts | 170/4 | €174,372 | €346,167 | +€171,795 | +98.5% |
| Amounts payable within one year | 42/48 | €757,075 | €918,541 | +€161,466 | +21.3% |
| Current portion of amounts payable after more than one year | 42 | €64,370 | €131,298 | +€66,928 | +104.0% |
| Financial debts | 43 | €200,000 | €164,839 | -€35,161 | -17.6% |
| Credit institutions | 430/8 | €200,000 | €164,839 | -€35,161 | -17.6% |
| Trade debts | 44 | €264,546 | €413,830 | +€149,284 | +56.4% |
| Suppliers | 440/4 | €264,546 | €413,830 | +€149,284 | +56.4% |
| Taxes, remuneration and social security | 45 | €150,771 | €127,846 | -€22,924 | -15.2% |
| Taxes | 450/3 | €118,099 | €91,112 | -€26,987 | -22.9% |
| Remuneration and social security | 454/9 | €32,672 | €36,735 | +€4,063 | +12.4% |
| Other amounts payable | 47/48 | €77,389 | €80,728 | +€3,339 | +4.3% |
| Accrued charges and deferred income | 492/3 | €0 | €416 | +€416 | |
| Non-recurring operating income | 76A | - | €0 | = | |
| Remuneration, social security and pensions | 62 | €262,701 | €265,539 | +€2,839 | +1.1% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €137,961 | €192,355 | +€54,394 | +39.4% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €20,336 | -€3,588 | -€23,924 | |
| Other operating charges | 640/8 | €16,253 | €5,349 | -€10,904 | -67.1% |
| Gross operating margin | 9900 | €570,807 | €626,257 | +€55,449 | +9.7% |
| Operating profit (loss) | 9901 | €133,557 | €166,602 | +€33,045 | +24.7% |
| Financial income | 75/76B | €3,349 | €5,072 | +€1,723 | +51.5% |
| Recurring financial income | 75 | €3,349 | €5,072 | +€1,723 | +51.5% |
| Financial charges | 65/66B | €31,566 | €32,376 | +€810 | +2.6% |
| Recurring financial charges | 65 | €31,566 | €32,376 | +€810 | +2.6% |
| Profit (loss) for the period before taxes | 9903 | €105,341 | €139,299 | +€33,958 | +32.2% |
| Income taxes | 67/77 | €23,348 | €33,480 | +€10,132 | +43.4% |
| Profit (loss) for the period | 9904 | €81,992 | €105,818 | +€23,826 | +29.1% |
| Transfer to tax-exempt reserves | 689 | €4,814 | €2,534 | -€2,281 | -47.4% |
| Profit (loss) for the period to be appropriated | 9905 | €77,178 | €103,285 | +€26,107 | +33.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 September 2026 via checked.be.