JAROL: 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.
JAROL
Largest movements
- Tangible fixed assets +€2.5m
up €2.5m (+23.3%), from €10.8m to €13.3m
- Cash -€805,280
down €805,280 (-51.8%), from €1.6m to €748,881
mainly Investment in fixed assets (net) (-€3.4m) and Receivables within one year (-€212,715)
- Receivables within one year +€212,715
up €212,715 (+406.6%), from €52,316 to €265,031
of which Trade receivables: +€212,683
- Reserves +€1.6m
up €1.6m (+13.7%), from €12.0m to €13.6m
of which Distributable reserves: +€1.6m
- Accrued charges and deferred income +€232,984
up €232,984 (+4596.7%), from €5,068 to €238,053
- Gross operating margin -€334,272
down €334,272 (-9.2%), from €3.6m to €3.3m
- Depreciation +€181,773
up €181,773 (+25.5%), from €711,884 to €893,657
- Taxes -€156,520
down €156,520 (-22.2%), from €704,352 to €547,832
- Financial income -€103,840
down €103,840 (-91.1%), from €114,046 to €10,207
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 | €12,435,437 | €14,337,988 | +€1.9m | +15.3% |
| Fixed assets | 21/28 | €10,789,674 | €13,303,699 | +€2.5m | +23.3% |
| Tangible fixed assets | 22/27 | €10,789,674 | €13,303,699 | +€2.5m | +23.3% |
| Land and buildings | 22 | €10,789,674 | €13,303,699 | +€2.5m | +23.3% |
| Current assets | 29/58 | €1,645,763 | €1,034,289 | -€611,474 | -37.2% |
| Stocks and contracts in progress | 3 | €32,665 | €20,377 | -€12,289 | -37.6% |
| Stocks | 30/36 | €32,665 | €20,377 | -€12,289 | -37.6% |
| Amounts receivable within one year | 40/41 | €52,316 | €265,031 | +€212,715 | +406.6% |
| Trade receivables | 40 | €17,330 | €230,013 | +€212,683 | +1227.3% |
| Other amounts receivable | 41 | €34,987 | €35,019 | +€32 | +0.1% |
| Cash at bank and in hand | 54/58 | €1,554,161 | €748,881 | -€805,280 | -51.8% |
| Deferred charges and accrued income | 490/1 | €6,620 | - | -€6,620 | |
| Total equity and liabilities | 10/49 | €12,435,437 | €14,337,988 | +€1.9m | +15.3% |
| Equity | 10/15 | €12,061,110 | €13,704,605 | +€1.6m | +13.6% |
| Contributions | 10/11 | €63,000 | €63,000 | = | 0.0% |
| Capital | 10 | €63,000 | €63,000 | = | 0.0% |
| Issued capital | 100 | €63,000 | €63,000 | = | 0.0% |
| Reserves | 13 | €11,998,110 | €13,641,605 | +€1.6m | +13.7% |
| Non-distributable reserves | 130/1 | €6,300 | €6,300 | = | 0.0% |
| Legal reserve | 130 | €6,300 | €6,300 | = | 0.0% |
| Distributable reserves | 133 | €11,991,810 | €13,635,305 | +€1.6m | +13.7% |
| Amounts payable | 17/49 | €374,327 | €633,383 | +€259,056 | +69.2% |
| Amounts payable within one year | 42/48 | €369,259 | €395,331 | +€26,072 | +7.1% |
| Trade debts | 44 | €356,932 | €369,457 | +€12,525 | +3.5% |
| Suppliers | 440/4 | €356,932 | €369,457 | +€12,525 | +3.5% |
| Taxes, remuneration and social security | 45 | €5,472 | €16,319 | +€10,847 | +198.2% |
| Taxes | 450/3 | €5,472 | €16,319 | +€10,847 | +198.2% |
| Other amounts payable | 47/48 | €6,855 | €9,555 | +€2,700 | +39.4% |
| Accrued charges and deferred income | 492/3 | €5,068 | €238,053 | +€232,984 | +4596.7% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €711,884 | €893,657 | +€181,773 | +25.5% |
| Other operating charges | 640/8 | €213,206 | €208,185 | -€5,022 | -2.4% |
| Gross operating margin | 9900 | €3,628,504 | €3,294,232 | -€334,272 | -9.2% |
| Operating profit (loss) | 9901 | €2,703,414 | €2,192,390 | -€511,024 | -18.9% |
| Financial income | 75/76B | €114,046 | €10,207 | -€103,840 | -91.1% |
| Recurring financial income | 75 | €114,046 | €10,207 | -€103,840 | -91.1% |
| Financial charges | 65/66B | €53 | €11,271 | +€11,217 | +21101.1% |
| Recurring financial charges | 65 | €53 | €11,271 | +€11,217 | +21101.1% |
| Profit (loss) for the period before taxes | 9903 | €2,817,407 | €2,191,326 | -€626,081 | -22.2% |
| Income taxes | 67/77 | €704,352 | €547,832 | -€156,520 | -22.2% |
| Profit (loss) for the period | 9904 | €2,113,055 | €1,643,495 | -€469,560 | -22.2% |
| Profit (loss) for the period to be appropriated | 9905 | €2,113,055 | €1,643,495 | -€469,560 | -22.2% |
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.