JAREG: 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.
JAREG
Largest movements
- Tangible fixed assets +€48,545
up €48,545 (+646.3%), from €7,511 to €56,055
of which Furniture and vehicles: +€49,966
- Receivables within one year -€13,563
down €13,563 (-42.3%), from €32,046 to €18,483
of which Other amounts receivable: -€11,050
- Stocks and contracts -€12,109
down €12,109 (-9.8%), from €123,006 to €110,896
of which Stocks: -€13,109
- Cash -€10,121
down €10,121 (-14.7%), from €69,015 to €58,894
mainly Investment in fixed assets (net) (-€59,324) and Tax, wage and social debts (-€6,255)
- Reserves +€17,214
up €17,214 (+15.2%), from €113,243 to €130,457
- Tax, wage and social debts -€6,255
down €6,255 (-78.4%), from €7,977 to €1,721
- Other debts +€4,015
up €4,015 (+15.6%), from €25,756 to €29,771
- Write-downs +€10,885
up €10,885 (+453.8%), from €2,399 to €13,284
- Gross operating margin +€4,281
up €4,281 (+10.0%), from €42,647 to €46,928
- Other operating charges -€2,285
down €2,285 (-69.0%), from €3,314 to €1,029
- Taxes -€1,947
down €1,947 (-24.6%), from €7,926 to €5,980
- Depreciation -€916
down €916 (-7.8%), from €11,695 to €10,780
From the 2025 result to the 2026 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 2025 and 2026 balance sheets and the 2026 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2025 | 2026 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €236,148 | €247,577 | +€11,428 | +4.8% |
| Fixed assets | 21/28 | €7,511 | €56,055 | +€48,545 | +646.3% |
| Tangible fixed assets | 22/27 | €7,511 | €56,055 | +€48,545 | +646.3% |
| Plant, machinery and equipment | 23 | €1,532 | €925 | -€608 | -39.7% |
| Furniture and vehicles | 24 | €5,165 | €55,131 | +€49,966 | +967.5% |
| Other tangible fixed assets | 26 | €814 | - | -€814 | |
| Current assets | 29/58 | €228,638 | €191,521 | -€37,116 | -16.2% |
| Stocks and contracts in progress | 3 | €123,006 | €110,896 | -€12,109 | -9.8% |
| Stocks | 30/36 | €120,006 | €106,896 | -€13,109 | -10.9% |
| Contracts in progress | 37 | €3,000 | €4,000 | +€1,000 | +33.3% |
| Amounts receivable within one year | 40/41 | €32,046 | €18,483 | -€13,563 | -42.3% |
| Trade receivables | 40 | €8,978 | €6,464 | -€2,514 | -28.0% |
| Other amounts receivable | 41 | €23,068 | €12,018 | -€11,050 | -47.9% |
| Cash at bank and in hand | 54/58 | €69,015 | €58,894 | -€10,121 | -14.7% |
| Deferred charges and accrued income | 490/1 | €4,571 | €3,249 | -€1,323 | -28.9% |
| Total equity and liabilities | 10/49 | €236,148 | €247,577 | +€11,428 | +4.8% |
| Equity | 10/15 | €193,443 | €210,657 | +€17,214 | +8.9% |
| Contributions | 10/11 | €80,200 | €80,200 | = | 0.0% |
| Reserves | 13 | €113,243 | €130,457 | +€17,214 | +15.2% |
| Distributable reserves | 133 | €113,243 | €130,457 | +€17,214 | +15.2% |
| Amounts payable | 17/49 | €42,705 | €36,919 | -€5,786 | -13.5% |
| Amounts payable within one year | 42/48 | €41,705 | €36,919 | -€4,786 | -11.5% |
| Current portion of amounts payable after more than one year | 42 | €1,460 | - | -€1,460 | |
| Trade debts | 44 | €6,512 | €5,427 | -€1,085 | -16.7% |
| Suppliers | 440/4 | €6,512 | €5,427 | -€1,085 | -16.7% |
| Taxes, remuneration and social security | 45 | €7,977 | €1,721 | -€6,255 | -78.4% |
| Taxes | 450/3 | €7,977 | €1,721 | -€6,255 | -78.4% |
| Other amounts payable | 47/48 | €25,756 | €29,771 | +€4,015 | +15.6% |
| Accrued charges and deferred income | 492/3 | €1,000 | - | -€1,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €11,695 | €10,780 | -€916 | -7.8% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €2,399 | €13,284 | +€10,885 | +453.8% |
| Other operating charges | 640/8 | €3,314 | €1,029 | -€2,285 | -69.0% |
| Gross operating margin | 9900 | €42,647 | €46,928 | +€4,281 | +10.0% |
| Operating profit (loss) | 9901 | €25,239 | €21,835 | -€3,404 | -13.5% |
| Financial income | 75/76B | €2,345 | €2,020 | -€324 | -13.8% |
| Recurring financial income | 75 | €2,345 | €2,020 | -€324 | -13.8% |
| Financial charges | 65/66B | €582 | €662 | +€79 | +13.6% |
| Recurring financial charges | 65 | €582 | €662 | +€79 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €27,002 | €23,194 | -€3,808 | -14.1% |
| Income taxes | 67/77 | €7,926 | €5,980 | -€1,947 | -24.6% |
| Profit (loss) for the period | 9904 | €19,076 | €17,214 | -€1,861 | -9.8% |
| Profit (loss) for the period to be appropriated | 9905 | €19,076 | €17,214 | -€1,861 | -9.8% |
Source: filed annual accounts (NBB), financial years ended 31 January 2025 and 31 January 2026. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 10 October 2026 via checked.be.