Jarhuko: 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.
Jarhuko
Largest movements
- Tangible fixed assets +€37,253
up €37,253 (+9.8%), from €381,578 to €418,830
of which Furniture and vehicles: +€65,290
- Cash -€20,334
down €20,334 (-76.3%), from €26,653 to €6,319
mainly Investment in fixed assets (net) (-€71,191) and Other debts (-€11,800)
- Debts after one year +€26,365
up €26,365 (+14.6%), from €180,234 to €206,599
- Other debts -€11,800
down €11,800 (-39.0%), from €30,248 to €18,448
- Accrued charges and deferred income -€10,928
down €10,928 (-94.8%), from €11,522 to €594
- Trade debts +€7,394
up €7,394 (+23.8%), from €31,117 to €38,510
- Reserves +€6,780
up €6,780 (+8.7%), from €77,612 to €84,392
of which Distributable reserves: +€6,780
- Gross operating margin -€12,455
down €12,455 (-7.8%), from €160,659 to €148,204
- Staff costs +€11,369
up €11,369 (+13.2%), from €85,843 to €97,212
- Taxes -€9,783
down €9,783 (-78.4%), from €12,482 to €2,699
- Depreciation +€6,324
up €6,324 (+22.9%), from €27,614 to €33,939
- Financial charges -€3,306
down €3,306 (-41.4%), from €7,984 to €4,677
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 | €433,765 | €447,257 | +€13,492 | +3.1% |
| Fixed assets | 21/28 | €381,578 | €418,830 | +€37,253 | +9.8% |
| Tangible fixed assets | 22/27 | €381,578 | €418,830 | +€37,253 | +9.8% |
| Land and buildings | 22 | €356,319 | €337,158 | -€19,161 | -5.4% |
| Plant, machinery and equipment | 23 | €25,259 | €16,382 | -€8,876 | -35.1% |
| Furniture and vehicles | 24 | - | €65,290 | +€65,290 | |
| Current assets | 29/58 | €52,188 | €28,427 | -€23,761 | -45.5% |
| Stocks and contracts in progress | 3 | €12,212 | €11,907 | -€305 | -2.5% |
| Stocks | 30/36 | €12,212 | €11,907 | -€305 | -2.5% |
| Amounts receivable within one year | 40/41 | €11,566 | €8,384 | -€3,182 | -27.5% |
| Trade receivables | 40 | €11,566 | - | -€11,566 | |
| Other amounts receivable | 41 | - | €8,384 | +€8,384 | |
| Cash at bank and in hand | 54/58 | €26,653 | €6,319 | -€20,334 | -76.3% |
| Deferred charges and accrued income | 490/1 | €1,756 | €1,816 | +€60 | +3.4% |
| Total equity and liabilities | 10/49 | €433,765 | €447,257 | +€13,492 | +3.1% |
| Equity | 10/15 | €128,774 | €135,554 | +€6,780 | +5.3% |
| Contributions | 10/11 | €6,200 | €6,200 | = | 0.0% |
| Reserves | 13 | €77,612 | €84,392 | +€6,780 | +8.7% |
| Non-distributable reserves | 130/1 | €1,860 | €1,860 | = | 0.0% |
| Reserves not available under the articles | 1311 | €1,860 | €1,860 | = | 0.0% |
| Distributable reserves | 133 | €75,752 | €82,532 | +€6,780 | +9.0% |
| Profit (loss) carried forward | 14 | €44,962 | €44,962 | = | 0.0% |
| Amounts payable | 17/49 | €304,992 | €311,703 | +€6,711 | +2.2% |
| Amounts payable after more than one year | 17 | €180,234 | €206,599 | +€26,365 | +14.6% |
| Financial debts | 170/4 | €180,234 | €206,599 | +€26,365 | +14.6% |
| Amounts payable within one year | 42/48 | €113,235 | €104,510 | -€8,725 | -7.7% |
| Current portion of amounts payable after more than one year | 42 | €34,234 | €36,016 | +€1,782 | +5.2% |
| Trade debts | 44 | €31,117 | €38,510 | +€7,394 | +23.8% |
| Suppliers | 440/4 | €31,117 | €38,510 | +€7,394 | +23.8% |
| Taxes, remuneration and social security | 45 | €17,637 | €11,536 | -€6,101 | -34.6% |
| Taxes | 450/3 | €17,637 | €11,536 | -€6,101 | -34.6% |
| Other amounts payable | 47/48 | €30,248 | €18,448 | -€11,800 | -39.0% |
| Accrued charges and deferred income | 492/3 | €11,522 | €594 | -€10,928 | -94.8% |
| Non-recurring operating income | 76A | - | €1,542 | +€1,542 | |
| Remuneration, social security and pensions | 62 | €85,843 | €97,212 | +€11,369 | +13.2% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €27,614 | €33,939 | +€6,324 | +22.9% |
| Other operating charges | 640/8 | €1,773 | €2,896 | +€1,124 | +63.4% |
| Gross operating margin | 9900 | €160,659 | €148,204 | -€12,455 | -7.8% |
| Operating profit (loss) | 9901 | €45,429 | €14,157 | -€31,272 | -68.8% |
| Financial charges | 65/66B | €7,984 | €4,677 | -€3,306 | -41.4% |
| Recurring financial charges | 65 | €7,984 | €4,677 | -€3,306 | -41.4% |
| Profit (loss) for the period before taxes | 9903 | €37,445 | €9,480 | -€27,965 | -74.7% |
| Income taxes | 67/77 | €12,482 | €2,699 | -€9,783 | -78.4% |
| Profit (loss) for the period | 9904 | €24,963 | €6,780 | -€18,182 | -72.8% |
| Profit (loss) for the period to be appropriated | 9905 | €24,963 | €6,780 | -€18,182 | -72.8% |
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 18 October 2026 via checked.be.