JARENO: 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.
JARENO
Largest movements
- Cash +€154,178
up €154,178 (+23.1%), from €666,198 to €820,376
mainly Net result for the year (+€206,387) and Trade debts (+€26,765)
- Reserves +€102,640
up €102,640 (+9.0%), from €1.1m to €1.2m
of which Distributable reserves: +€113,500
- Trade debts +€26,765
up €26,765 (+75.3%), from €35,525 to €62,290
- Tax, wage and social debts +€14,437
up €14,437 (+40.0%), from €36,123 to €50,561
of which Remuneration and social security: +€7,886
- Gross operating margin -€11,593
down €11,593 (-3.5%), from €329,361 to €317,768
- Financial charges +€6,650
up €6,650 (+502%), from €1,324 to €7,974
- Taxes -€3,691
down €3,691 (-3.8%), from €96,146 to €92,456
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 | €1,239,390 | €1,380,357 | +€140,967 | +11.4% |
| Fixed assets | 21/28 | €209,928 | €199,628 | -€10,300 | -4.9% |
| Tangible fixed assets | 22/27 | €209,928 | €199,628 | -€10,300 | -4.9% |
| Land and buildings | 22 | €202,477 | €195,726 | -€6,752 | -3.3% |
| Plant, machinery and equipment | 23 | €5,544 | €2,647 | -€2,897 | -52.3% |
| Furniture and vehicles | 24 | €1,907 | €1,256 | -€651 | -34.2% |
| Current assets | 29/58 | €1,029,462 | €1,180,728 | +€151,267 | +14.7% |
| Amounts receivable within one year | 40/41 | €252,465 | €255,464 | +€2,998 | +1.2% |
| Trade receivables | 40 | €229,977 | €244,109 | +€14,132 | +6.1% |
| Other amounts receivable | 41 | €22,489 | €11,355 | -€11,134 | -49.5% |
| Current investments | 50/53 | €98,767 | €93,904 | -€4,864 | -4.9% |
| Cash at bank and in hand | 54/58 | €666,198 | €820,376 | +€154,178 | +23.1% |
| Deferred charges and accrued income | 490/1 | €12,030 | €10,985 | -€1,045 | -8.7% |
| Total equity and liabilities | 10/49 | €1,239,390 | €1,380,357 | +€140,967 | +11.4% |
| Equity | 10/15 | €1,164,859 | €1,267,506 | +€102,647 | +8.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,146,162 | €1,248,802 | +€102,640 | +9.0% |
| Non-distributable reserves | 130/1 | €10,860 | €0 | -€10,860 | -100% |
| Reserves not available under the articles | 1311 | €10,860 | €0 | -€10,860 | -100% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €1,116,552 | €1,230,052 | +€113,500 | +10.2% |
| Profit (loss) carried forward | 14 | €97 | €104 | +€7 | +7.2% |
| Amounts payable | 17/49 | €74,531 | €112,851 | +€38,320 | +51.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €74,531 | €112,851 | +€38,320 | +51.4% |
| Current portion of amounts payable after more than one year | 42 | €1,890 | €0 | -€1,890 | -100% |
| Trade debts | 44 | €35,525 | €62,290 | +€26,765 | +75.3% |
| Suppliers | 440/4 | €35,525 | €62,290 | +€26,765 | +75.3% |
| Taxes, remuneration and social security | 45 | €36,123 | €50,561 | +€14,437 | +40.0% |
| Taxes | 450/3 | €26,642 | €33,193 | +€6,551 | +24.6% |
| Remuneration and social security | 454/9 | €9,481 | €17,368 | +€7,886 | +83.2% |
| Other amounts payable | 47/48 | €992 | €0 | -€992 | -100% |
| Remuneration, social security and pensions | 62 | €0 | €141 | +€141 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €12,385 | €11,562 | -€823 | -6.6% |
| Other operating charges | 640/8 | €4,355 | €5,743 | +€1,388 | +31.9% |
| Non-recurring operating charges | 66A | - | €26 | +€26 | |
| Gross operating margin | 9900 | €329,361 | €317,768 | -€11,593 | -3.5% |
| Operating profit (loss) | 9901 | €312,621 | €300,296 | -€12,325 | -3.9% |
| Financial income | 75/76B | €4,806 | €6,520 | +€1,714 | +35.7% |
| Recurring financial income | 75 | €4,806 | €6,520 | +€1,714 | +35.7% |
| Financial charges | 65/66B | €1,324 | €7,974 | +€6,650 | +502% |
| Recurring financial charges | 65 | €1,324 | €7,974 | +€6,650 | +502% |
| Profit (loss) for the period before taxes | 9903 | €316,103 | €298,843 | -€17,261 | -5.5% |
| Income taxes | 67/77 | €96,146 | €92,456 | -€3,691 | -3.8% |
| Profit (loss) for the period | 9904 | €219,957 | €206,387 | -€13,570 | -6.2% |
| Profit (loss) for the period to be appropriated | 9905 | €219,957 | €206,387 | -€13,570 | -6.2% |
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 14 October 2026 via checked.be.