JARKO: what changed
Two fiscal 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.
JARKO
Largest movements
- Receivables within one year -€494,615
down €494,615 (-95.5%), from €517,725 to €23,110
of which Trade receivables: -€499,730
- Current investments -€144,725
down €144,725 (-87.3%), from €165,725 to €21,000
- Cash -€68,343
down €68,343 (-15.8%), from €432,700 to €364,357
mainly Other debts (-€342,414) and Advances received (-€313,134)
- Tangible fixed assets -€58,360
down €58,360 (-39.2%), from €148,892 to €90,532
- Other debts -€342,414
down €342,414 (-100.0%), from €342,414 to €0
- Advances received -€313,134
down €313,134 (-100.0%), from €313,134 to €0
- Trade debts -€185,868
down €185,868 (-92.5%), from €200,848 to €14,980
- Reserves +€55,502
up €55,502 (+8.5%), from €654,384 to €709,886
of which Distributable reserves: +€55,502
- Gross operating margin -€92,950
down €92,950 (-26.2%), from €354,424 to €261,474
- Taxes -€27,564
down €27,564 (-25.9%), from €106,599 to €79,035
- Financial income +€18,009
up €18,009 (+367.0%), from €4,907 to €22,917
- Financial charges +€12,969
up €12,969 (+767.4%), from €1,690 to €14,659
- Depreciation -€8,111
down €8,111 (-36.9%), from €21,977 to €13,865
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 | €1,530,466 | €757,164 | -€773,302 | -50.5% |
| Fixed assets | 21/28 | €148,892 | €90,532 | -€58,360 | -39.2% |
| Tangible fixed assets | 22/27 | €148,892 | €90,532 | -€58,360 | -39.2% |
| Plant, machinery and equipment | 23 | €148,892 | €90,532 | -€58,360 | -39.2% |
| Current assets | 29/58 | €1,381,575 | €666,633 | -€714,942 | -51.7% |
| Stocks and contracts in progress | 3 | €264,941 | €257,814 | -€7,127 | -2.7% |
| Stocks | 30/36 | €264,941 | €257,814 | -€7,127 | -2.7% |
| Amounts receivable within one year | 40/41 | €517,725 | €23,110 | -€494,615 | -95.5% |
| Trade receivables | 40 | €501,881 | €2,151 | -€499,730 | -99.6% |
| Other amounts receivable | 41 | €15,844 | €20,959 | +€5,115 | +32.3% |
| Current investments | 50/53 | €165,725 | €21,000 | -€144,725 | -87.3% |
| Cash at bank and in hand | 54/58 | €432,700 | €364,357 | -€68,343 | -15.8% |
| Deferred charges and accrued income | 490/1 | €484 | €352 | -€132 | -27.3% |
| Total equity and liabilities | 10/49 | €1,530,466 | €757,164 | -€773,302 | -50.5% |
| Equity | 10/15 | €672,984 | €728,486 | +€55,502 | +8.2% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €654,384 | €709,886 | +€55,502 | +8.5% |
| Tax-exempt reserves | 132 | €20,425 | €20,425 | = | 0.0% |
| Distributable reserves | 133 | €633,958 | €689,461 | +€55,502 | +8.8% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €857,483 | €28,678 | -€828,805 | -96.7% |
| Amounts payable within one year | 42/48 | €856,396 | €28,523 | -€827,873 | -96.7% |
| Trade debts | 44 | €200,848 | €14,980 | -€185,868 | -92.5% |
| Suppliers | 440/4 | €200,848 | €14,980 | -€185,868 | -92.5% |
| Advances received on contracts in progress | 46 | €313,134 | €0 | -€313,134 | -100.0% |
| Taxes, remuneration and social security | 45 | €0 | €13,543 | +€13,543 | |
| Taxes | 450/3 | €0 | €13,543 | +€13,543 | |
| Other amounts payable | 47/48 | €342,414 | €0 | -€342,414 | -100.0% |
| Accrued charges and deferred income | 492/3 | €1,087 | €155 | -€931 | -85.7% |
| Non-recurring operating income | 76A | - | €40,883 | +€40,883 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €21,977 | €13,865 | -€8,111 | -36.9% |
| Other operating charges | 640/8 | €769 | €568 | -€200 | -26.1% |
| Gross operating margin | 9900 | €354,424 | €261,474 | -€92,950 | -26.2% |
| Operating profit (loss) | 9901 | €331,678 | €247,040 | -€84,638 | -25.5% |
| Financial income | 75/76B | €4,907 | €22,917 | +€18,009 | +367.0% |
| Recurring financial income | 75 | €4,907 | €22,917 | +€18,009 | +367.0% |
| Financial charges | 65/66B | €1,690 | €14,659 | +€12,969 | +767.4% |
| Recurring financial charges | 65 | €1,690 | €14,659 | +€12,969 | +767.4% |
| Profit (loss) for the period before taxes | 9903 | €334,896 | €255,298 | -€79,598 | -23.8% |
| Income taxes | 67/77 | €106,599 | €79,035 | -€27,564 | -25.9% |
| Profit (loss) for the period | 9904 | €228,296 | €176,263 | -€52,034 | -22.8% |
| Profit (loss) for the period to be appropriated | 9905 | €228,296 | €176,263 | -€52,034 | -22.8% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 5 October 2026 via checked.be.