JaRe Management: 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.
JaRe Management
Largest movements
- Deferred charges and accrued income -€50,921
down €50,921 (-44.6%), from €114,158 to €63,237
- Receivables within one year +€44,491
up €44,491 (+5.4%), from €826,157 to €870,648
of which Trade receivables: +€34,122
- Cash -€39,016
down €39,016 (-22.5%), from €173,517 to €134,500
mainly Receivables within one year (-€44,491) and Tax, wage and social debts (-€38,125)
- Tangible fixed assets -€26,548
down €26,548 (-23.3%), from €113,737 to €87,189
of which Furniture and vehicles: -€24,441
- Tax, wage and social debts -€38,125
down €38,125 (-78.5%), from €48,597 to €10,473
- Debts after one year -€30,000
down €30,000 (-25.0%), from €120,000 to €90,000
- Gross operating margin -€672,265
down €672,265 (-97.6%), from €688,641 to €16,377
- Taxes -€55,483
down €55,483 (-92.2%), from €60,186 to €4,703
- Financial income +€41,465
new in 2025: €41,465
- Depreciation +€12,230
up €12,230 (+85.4%), from €14,318 to €26,548
- Financial charges +€9,491
up €9,491 (+148%), from €6,431 to €15,922
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 | €1,242,568 | €1,170,575 | -€71,994 | -5.8% |
| Fixed assets | 21/28 | €128,737 | €102,189 | -€26,548 | -20.6% |
| Tangible fixed assets | 22/27 | €113,737 | €87,189 | -€26,548 | -23.3% |
| Land and buildings | 22 | €5,622 | €3,515 | -€2,107 | -37.5% |
| Furniture and vehicles | 24 | €108,115 | €83,674 | -€24,441 | -22.6% |
| Financial fixed assets | 28 | €15,000 | €15,000 | = | 0.0% |
| Current assets | 29/58 | €1,113,831 | €1,068,386 | -€45,445 | -4.1% |
| Amounts receivable within one year | 40/41 | €826,157 | €870,648 | +€44,491 | +5.4% |
| Trade receivables | 40 | - | €34,122 | +€34,122 | |
| Other amounts receivable | 41 | €826,157 | €836,526 | +€10,369 | +1.3% |
| Cash at bank and in hand | 54/58 | €173,517 | €134,500 | -€39,016 | -22.5% |
| Deferred charges and accrued income | 490/1 | €114,158 | €63,237 | -€50,921 | -44.6% |
| Total equity and liabilities | 10/49 | €1,242,568 | €1,170,575 | -€71,994 | -5.8% |
| Equity | 10/15 | €901,947 | €896,109 | -€5,838 | -0.6% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €881,947 | €876,109 | -€5,838 | -0.7% |
| Distributable reserves | 133 | €881,947 | €876,109 | -€5,838 | -0.7% |
| Amounts payable | 17/49 | €340,621 | €274,466 | -€66,155 | -19.4% |
| Amounts payable after more than one year | 17 | €120,000 | €90,000 | -€30,000 | -25.0% |
| Financial debts | 170/4 | €120,000 | €90,000 | -€30,000 | -25.0% |
| Amounts payable within one year | 42/48 | €215,077 | €175,082 | -€39,995 | -18.6% |
| Current portion of amounts payable after more than one year | 42 | €30,000 | €30,000 | = | 0.0% |
| Trade debts | 44 | €8,019 | €4,656 | -€3,363 | -41.9% |
| Suppliers | 440/4 | €8,019 | €4,656 | -€3,363 | -41.9% |
| Taxes, remuneration and social security | 45 | €48,597 | €10,473 | -€38,125 | -78.5% |
| Taxes | 450/3 | €48,597 | €10,473 | -€38,125 | -78.5% |
| Other amounts payable | 47/48 | €128,461 | €129,953 | +€1,492 | +1.2% |
| Accrued charges and deferred income | 492/3 | €5,545 | €9,384 | +€3,840 | +69.2% |
| Non-recurring operating income | 76A | €476,056 | - | -€476,056 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €14,318 | €26,548 | +€12,230 | +85.4% |
| Other operating charges | 640/8 | €1,127 | €1,047 | -€80 | -7.1% |
| Non-recurring operating charges | 66A | €925 | - | -€925 | |
| Gross operating margin | 9900 | €688,641 | €16,377 | -€672,265 | -97.6% |
| Operating profit (loss) | 9901 | €672,272 | -€11,219 | -€683,490 | |
| Financial income | 75/76B | - | €41,465 | +€41,465 | |
| Recurring financial income | 75 | - | €41,465 | +€41,465 | |
| Financial charges | 65/66B | €6,431 | €15,922 | +€9,491 | +148% |
| Recurring financial charges | 65 | €6,431 | €15,922 | +€9,491 | +148% |
| Profit (loss) for the period before taxes | 9903 | €665,840 | €14,324 | -€651,516 | -97.8% |
| Income taxes | 67/77 | €60,186 | €4,703 | -€55,483 | -92.2% |
| Profit (loss) for the period | 9904 | €605,655 | €9,621 | -€596,033 | -98.4% |
| Profit (loss) for the period to be appropriated | 9905 | €605,655 | €9,621 | -€596,033 | -98.4% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 26 October 2026 via checked.be.