JAREJO: 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.
JAREJO
Largest movements
- Cash -€148,859
down €148,859 (-16.0%), from €932,338 to €783,479
mainly Contributions, distributions and other (-€162,000) and Trade debts (-€85,011)
- Receivables within one year +€45,536
up €45,536 (+172.0%), from €26,471 to €72,007
of which Other amounts receivable: +€31,267
- Stocks and contracts -€33,741
down €33,741 (-68.4%), from €49,343 to €15,602
- Tangible fixed assets +€23,497
up €23,497 (+12.1%), from €193,948 to €217,445
of which Land and buildings: +€41,563
- Reserves -€162,000
down €162,000 (-74.8%), from €216,511 to €54,511
of which Distributable reserves: -€162,000
- Other debts +€161,758
up €161,758 (+36.7%), from €440,839 to €602,597
- Trade debts -€85,011
down €85,011 (-29.7%), from €286,432 to €201,421
- Debts after one year -€39,439
down €39,439 (-74.5%), from €52,964 to €13,524
- Profit (loss) carried forward +€22,465
up €22,465 (+23.0%), from €97,690 to €120,154
- Gross operating margin -€87,445
down €87,445 (-16.3%), from €534,837 to €447,392
- Staff costs -€30,337
down €30,337 (-7.6%), from €398,583 to €368,246
- Depreciation -€24,651
down €24,651 (-35.6%), from €69,304 to €44,653
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 | €1,207,627 | €1,099,526 | -€108,102 | -9.0% |
| Fixed assets | 21/28 | €194,448 | €217,945 | +€23,497 | +12.1% |
| Tangible fixed assets | 22/27 | €193,948 | €217,445 | +€23,497 | +12.1% |
| Land and buildings | 22 | €146,311 | €187,874 | +€41,563 | +28.4% |
| Plant, machinery and equipment | 23 | €43,784 | €27,953 | -€15,831 | -36.2% |
| Furniture and vehicles | 24 | €3,853 | €1,618 | -€2,235 | -58.0% |
| Financial fixed assets | 28 | €500 | €500 | = | 0.0% |
| Current assets | 29/58 | €1,013,179 | €881,581 | -€131,598 | -13.0% |
| Stocks and contracts in progress | 3 | €49,343 | €15,602 | -€33,741 | -68.4% |
| Stocks | 30/36 | €49,343 | €15,602 | -€33,741 | -68.4% |
| Amounts receivable within one year | 40/41 | €26,471 | €72,007 | +€45,536 | +172.0% |
| Trade receivables | 40 | €21,091 | €35,360 | +€14,269 | +67.7% |
| Other amounts receivable | 41 | €5,380 | €36,647 | +€31,267 | +581.2% |
| Cash at bank and in hand | 54/58 | €932,338 | €783,479 | -€148,859 | -16.0% |
| Deferred charges and accrued income | 490/1 | €5,028 | €10,493 | +€5,465 | +108.7% |
| Total equity and liabilities | 10/49 | €1,207,627 | €1,099,526 | -€108,102 | -9.0% |
| Equity | 10/15 | €332,750 | €193,215 | -€139,535 | -41.9% |
| Contributions | 10/11 | €18,550 | €18,550 | = | 0.0% |
| Reserves | 13 | €216,511 | €54,511 | -€162,000 | -74.8% |
| Tax-exempt reserves | 132 | €52,656 | €52,656 | = | 0.0% |
| Distributable reserves | 133 | €163,855 | €1,855 | -€162,000 | -98.9% |
| Profit (loss) carried forward | 14 | €97,690 | €120,154 | +€22,465 | +23.0% |
| Amounts payable | 17/49 | €874,877 | €906,311 | +€31,434 | +3.6% |
| Amounts payable after more than one year | 17 | €52,964 | €13,524 | -€39,439 | -74.5% |
| Financial debts | 170/4 | €52,964 | €13,524 | -€39,439 | -74.5% |
| Amounts payable within one year | 42/48 | €818,286 | €892,786 | +€74,500 | +9.1% |
| Current portion of amounts payable after more than one year | 42 | €37,794 | €39,439 | +€1,645 | +4.4% |
| Trade debts | 44 | €286,432 | €201,421 | -€85,011 | -29.7% |
| Suppliers | 440/4 | €286,432 | €201,421 | -€85,011 | -29.7% |
| Taxes, remuneration and social security | 45 | €53,220 | €49,329 | -€3,892 | -7.3% |
| Taxes | 450/3 | €9,087 | €4,619 | -€4,467 | -49.2% |
| Remuneration and social security | 454/9 | €44,133 | €44,709 | +€576 | +1.3% |
| Other amounts payable | 47/48 | €440,839 | €602,597 | +€161,758 | +36.7% |
| Accrued charges and deferred income | 492/3 | €3,627 | €0 | -€3,627 | -100.0% |
| Remuneration, social security and pensions | 62 | €398,583 | €368,246 | -€30,337 | -7.6% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €69,304 | €44,653 | -€24,651 | -35.6% |
| Other operating charges | 640/8 | €21,411 | €23,760 | +€2,349 | +11.0% |
| Gross operating margin | 9900 | €534,837 | €447,392 | -€87,445 | -16.3% |
| Operating profit (loss) | 9901 | €45,539 | €10,732 | -€34,806 | -76.4% |
| Financial income | 75/76B | €23,750 | €22,789 | -€961 | -4.0% |
| Recurring financial income | 75 | €23,750 | €22,789 | -€961 | -4.0% |
| Financial charges | 65/66B | €13,239 | €11,057 | -€2,183 | -16.5% |
| Recurring financial charges | 65 | €13,239 | €11,057 | -€2,183 | -16.5% |
| Profit (loss) for the period before taxes | 9903 | €56,049 | €22,465 | -€33,584 | -59.9% |
| Profit (loss) for the period | 9904 | €56,049 | €22,465 | -€33,584 | -59.9% |
| Profit (loss) for the period to be appropriated | 9905 | €56,049 | €22,465 | -€33,584 | -59.9% |
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 10 October 2026 via checked.be.