JARO: 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.
JARO
Largest movements
- Cash +€154,460
up €154,460 (+493.6%), from €31,293 to €185,752
mainly Current investments (+€100,000) and Net result for the year (+€41,284)
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Tangible fixed assets -€29,051
down €29,051 (-2.6%), from €1.1m to €1.1m
of which Furniture and vehicles: -€45,084
- Reserves +€41,284
up €41,284 (+4.8%), from €853,084 to €894,368
of which Distributable reserves: +€41,284
- Contributions +€18,750
up €18,750 (+5.4%), from €345,000 to €363,750
- Other debts -€14,849
no longer reported in 2025 (was €14,849)
- Tax, wage and social debts -€13,020
down €13,020 (-43.6%), from €29,864 to €16,844
of which Taxes: -€12,770
- Other operating charges +€22,604
up €22,604 (+177.6%), from €12,727 to €35,331
- Taxes -€10,465
down €10,465 (-43.0%), from €24,334 to €13,869
- Depreciation -€6,252
down €6,252 (-67.6%), from €9,254 to €3,002
- Gross operating margin -€3,851
down €3,851 (-3.9%), from €97,935 to €94,084
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 | €1,245,357 | €1,274,961 | +€29,604 | +2.4% |
| Fixed assets | 21/28 | €1,111,504 | €1,081,681 | -€29,823 | -2.7% |
| Tangible fixed assets | 22/27 | €1,110,733 | €1,081,681 | -€29,051 | -2.6% |
| Land and buildings | 22 | €1,049,788 | €1,068,538 | +€18,750 | +1.8% |
| Plant, machinery and equipment | 23 | €12,108 | €9,390 | -€2,717 | -22.4% |
| Furniture and vehicles | 24 | €48,837 | €3,753 | -€45,084 | -92.3% |
| Financial fixed assets | 28 | €772 | - | -€772 | |
| Current assets | 29/58 | €133,852 | €193,280 | +€59,427 | +44.4% |
| Amounts receivable within one year | 40/41 | €339 | €6,395 | +€6,056 | +1787.5% |
| Trade receivables | 40 | €339 | - | -€339 | |
| Other amounts receivable | 41 | - | €6,395 | +€6,395 | |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €31,293 | €185,752 | +€154,460 | +493.6% |
| Deferred charges and accrued income | 490/1 | €2,221 | €1,133 | -€1,089 | -49.0% |
| Total equity and liabilities | 10/49 | €1,245,357 | €1,274,961 | +€29,604 | +2.4% |
| Equity | 10/15 | €1,198,084 | €1,258,118 | +€60,034 | +5.0% |
| Contributions | 10/11 | €345,000 | €363,750 | +€18,750 | +5.4% |
| Reserves | 13 | €853,084 | €894,368 | +€41,284 | +4.8% |
| Tax-exempt reserves | 132 | €18,750 | €18,750 | = | 0.0% |
| Distributable reserves | 133 | €834,334 | €875,618 | +€41,284 | +4.9% |
| Amounts payable | 17/49 | €47,273 | €16,844 | -€30,429 | -64.4% |
| Amounts payable within one year | 42/48 | €46,364 | €16,844 | -€29,520 | -63.7% |
| Trade debts | 44 | €1,651 | - | -€1,651 | |
| Suppliers | 440/4 | €1,651 | - | -€1,651 | |
| Taxes, remuneration and social security | 45 | €29,864 | €16,844 | -€13,020 | -43.6% |
| Taxes | 450/3 | €27,864 | €15,094 | -€12,770 | -45.8% |
| Remuneration and social security | 454/9 | €2,000 | €1,750 | -€250 | -12.5% |
| Other amounts payable | 47/48 | €14,849 | - | -€14,849 | |
| Accrued charges and deferred income | 492/3 | €909 | - | -€909 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €9,254 | €3,002 | -€6,252 | -67.6% |
| Other operating charges | 640/8 | €12,727 | €35,331 | +€22,604 | +177.6% |
| Gross operating margin | 9900 | €97,935 | €94,084 | -€3,851 | -3.9% |
| Operating profit (loss) | 9901 | €75,954 | €55,751 | -€20,203 | -26.6% |
| Financial income | 75/76B | €1,017 | €518 | -€499 | -49.1% |
| Recurring financial income | 75 | €1,017 | €518 | -€499 | -49.1% |
| Financial charges | 65/66B | €1,366 | €1,116 | -€250 | -18.3% |
| Recurring financial charges | 65 | €1,366 | €1,116 | -€250 | -18.3% |
| Profit (loss) for the period before taxes | 9903 | €75,604 | €55,153 | -€20,452 | -27.1% |
| Income taxes | 67/77 | €24,334 | €13,869 | -€10,465 | -43.0% |
| Profit (loss) for the period | 9904 | €51,271 | €41,284 | -€9,987 | -19.5% |
| Profit (loss) for the period to be appropriated | 9905 | €51,271 | €41,284 | -€9,987 | -19.5% |
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 8 October 2026 via checked.be.