JARL: 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.
JARL
Largest movements
- Tangible fixed assets +€1.2m
up €1.2m (+56.9%), from €2.1m to €3.2m
of which Land and buildings: +€1.2m
- Receivables within one year -€227,779
down €227,779 (-55.5%), from €410,763 to €182,985
of which Trade receivables: -€225,459
- Debts after one year +€867,356
up €867,356 (+57.5%), from €1.5m to €2.4m
- Other debts +€107,943
up €107,943 (+24.9%), from €433,079 to €541,021
- Trade debts -€93,598
down €93,598 (-90.3%), from €103,641 to €10,043
- Current portion of long-term debt +€38,636
up €38,636 (+51.5%), from €75,027 to €113,663
- Depreciation +€194,190
up €194,190 (+128%), from €151,927 to €346,117
- Gross operating margin +€153,273
up €153,273 (+52.9%), from €289,838 to €443,112
- Financial charges +€25,683
up €25,683 (+61.8%), from €41,553 to €67,236
- Other operating charges -€13,304
down €13,304 (-47.9%), from €27,789 to €14,485
- Taxes -€6,321
down €6,321 (-62.4%), from €10,131 to €3,809
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 | €2,545,739 | €3,497,457 | +€951,718 | +37.4% |
| Fixed assets | 21/28 | €2,060,964 | €3,231,677 | +€1.2m | +56.8% |
| Tangible fixed assets | 22/27 | €2,055,964 | €3,226,677 | +€1.2m | +56.9% |
| Land and buildings | 22 | €2,054,107 | €3,225,781 | +€1.2m | +57.0% |
| Furniture and vehicles | 24 | €1,857 | €896 | -€960 | -51.7% |
| Financial fixed assets | 28 | €5,000 | €5,000 | = | 0.0% |
| Current assets | 29/58 | €484,775 | €265,780 | -€218,995 | -45.2% |
| Amounts receivable after more than one year | 29 | €50,885 | €52,411 | +€1,527 | +3.0% |
| Trade receivables | 290 | €50,885 | €52,411 | +€1,527 | +3.0% |
| Amounts receivable within one year | 40/41 | €410,763 | €182,985 | -€227,779 | -55.5% |
| Trade receivables | 40 | €404,887 | €179,428 | -€225,459 | -55.7% |
| Other amounts receivable | 41 | €5,876 | €3,556 | -€2,320 | -39.5% |
| Cash at bank and in hand | 54/58 | €19,450 | €25,743 | +€6,293 | +32.4% |
| Deferred charges and accrued income | 490/1 | €3,677 | €4,640 | +€964 | +26.2% |
| Total equity and liabilities | 10/49 | €2,545,739 | €3,497,457 | +€951,718 | +37.4% |
| Equity | 10/15 | €410,777 | €423,767 | +€12,991 | +3.2% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €42,522 | €42,522 | = | 0.0% |
| Distributable reserves | 133 | €42,522 | €42,522 | = | 0.0% |
| Profit (loss) carried forward | 14 | €306,254 | €319,245 | +€12,991 | +4.2% |
| Amounts payable | 17/49 | €2,134,962 | €3,073,689 | +€938,727 | +44.0% |
| Amounts payable after more than one year | 17 | €1,509,610 | €2,376,966 | +€867,356 | +57.5% |
| Financial debts | 170/4 | €1,509,610 | €2,376,966 | +€867,356 | +57.5% |
| Amounts payable within one year | 42/48 | €625,352 | €696,723 | +€71,371 | +11.4% |
| Current portion of amounts payable after more than one year | 42 | €75,027 | €113,663 | +€38,636 | +51.5% |
| Trade debts | 44 | €103,641 | €10,043 | -€93,598 | -90.3% |
| Suppliers | 440/4 | €103,641 | €10,043 | -€93,598 | -90.3% |
| Advances received on contracts in progress | 46 | €1,276 | €1,430 | +€154 | +12.1% |
| Taxes, remuneration and social security | 45 | €12,330 | €30,566 | +€18,236 | +148% |
| Taxes | 450/3 | €12,330 | €30,566 | +€18,236 | +148% |
| Other amounts payable | 47/48 | €433,079 | €541,021 | +€107,943 | +24.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €151,927 | €346,117 | +€194,190 | +128% |
| Other operating charges | 640/8 | €27,789 | €14,485 | -€13,304 | -47.9% |
| Gross operating margin | 9900 | €289,838 | €443,112 | +€153,273 | +52.9% |
| Operating profit (loss) | 9901 | €110,122 | €82,509 | -€27,613 | -25.1% |
| Financial income | 75/76B | €1,060 | €1,527 | +€467 | +44.0% |
| Recurring financial income | 75 | €1,060 | €1,527 | +€467 | +44.0% |
| Financial charges | 65/66B | €41,553 | €67,236 | +€25,683 | +61.8% |
| Recurring financial charges | 65 | €41,553 | €67,236 | +€25,683 | +61.8% |
| Profit (loss) for the period before taxes | 9903 | €69,629 | €16,800 | -€52,829 | -75.9% |
| Income taxes | 67/77 | €10,131 | €3,809 | -€6,321 | -62.4% |
| Profit (loss) for the period | 9904 | €59,498 | €12,991 | -€46,508 | -78.2% |
| Profit (loss) for the period to be appropriated | 9905 | €59,498 | €12,991 | -€46,508 | -78.2% |
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 24 October 2026 via checked.be.