JARON: 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.
JARON
Largest movements
- Tangible fixed assets +€25,672
up €25,672 (+121%), from €21,291 to €46,963
- Receivables within one year +€18,635
up €18,635 (+511%), from €3,643 to €22,278
of which Trade receivables: +€17,525
- Intangible fixed assets +€13,562
new in 2025: €13,562
- Cash +€7,070
up €7,070 (+49.6%), from €14,262 to €21,331
mainly Trade debts (+€48,906) and Tax, wage and social debts (+€21,484)
- Stocks and contracts +€5,038
up €5,038 (+51.6%), from €9,769 to €14,808
- Trade debts +€48,906
up €48,906 (+463%), from €10,569 to €59,475
- Tax, wage and social debts +€21,484
up €21,484 (+205%), from €10,463 to €31,947
of which Taxes: +€11,113
- Current portion of long-term debt +€10,500
new in 2025: €10,500
- Other debts -€5,942
down €5,942 (-94.4%), from €6,296 to €354
- Staff costs +€86,189
up €86,189 (+170%), from €50,682 to €136,871
- Gross operating margin +€71,912
up €71,912 (+82.9%), from €86,776 to €158,688
- Depreciation +€8,163
up €8,163 (+415%), from €1,967 to €10,130
- Financial charges +€2,115
up €2,115 (+83.7%), from €2,526 to €4,641
- Other operating charges +€1,596
up €1,596 (+40.3%), from €3,956 to €5,552
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 | €62,241 | €137,195 | +€74,954 | +120% |
| Fixed assets | 21/28 | €31,506 | €71,422 | +€39,916 | +127% |
| Intangible fixed assets | 21 | - | €13,562 | +€13,562 | |
| Tangible fixed assets | 22/27 | €21,291 | €46,963 | +€25,672 | +121% |
| Plant, machinery and equipment | 23 | €21,291 | €46,963 | +€25,672 | +121% |
| Financial fixed assets | 28 | €10,215 | €10,898 | +€682 | +6.7% |
| Current assets | 29/58 | €30,735 | €65,773 | +€35,038 | +114% |
| Stocks and contracts in progress | 3 | €9,769 | €14,808 | +€5,038 | +51.6% |
| Stocks | 30/36 | €9,769 | €14,808 | +€5,038 | +51.6% |
| Amounts receivable within one year | 40/41 | €3,643 | €22,278 | +€18,635 | +511% |
| Trade receivables | 40 | €3,159 | €20,684 | +€17,525 | +555% |
| Other amounts receivable | 41 | €484 | €1,594 | +€1,110 | +229% |
| Cash at bank and in hand | 54/58 | €14,262 | €21,331 | +€7,070 | +49.6% |
| Deferred charges and accrued income | 490/1 | €3,061 | €7,356 | +€4,295 | +140% |
| Total equity and liabilities | 10/49 | €62,241 | €137,195 | +€74,954 | +120% |
| Equity | 10/15 | €34,913 | €34,920 | +€7 | 0.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €16,300 | €16,300 | = | 0.0% |
| Distributable reserves | 133 | €16,300 | €16,300 | = | 0.0% |
| Profit (loss) carried forward | 14 | €13 | €20 | +€7 | +50.5% |
| Amounts payable | 17/49 | €27,328 | €102,276 | +€74,948 | +274% |
| Amounts payable within one year | 42/48 | €27,328 | €102,276 | +€74,948 | +274% |
| Current portion of amounts payable after more than one year | 42 | - | €10,500 | +€10,500 | |
| Trade debts | 44 | €10,569 | €59,475 | +€48,906 | +463% |
| Suppliers | 440/4 | €10,569 | €59,475 | +€48,906 | +463% |
| Taxes, remuneration and social security | 45 | €10,463 | €31,947 | +€21,484 | +205% |
| Taxes | 450/3 | €2,040 | €13,153 | +€11,113 | +545% |
| Remuneration and social security | 454/9 | €8,423 | €18,794 | +€10,371 | +123% |
| Other amounts payable | 47/48 | €6,296 | €354 | -€5,942 | -94.4% |
| Non-recurring operating income | 76A | - | €522 | +€522 | |
| Remuneration, social security and pensions | 62 | €50,682 | €136,871 | +€86,189 | +170% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,967 | €10,130 | +€8,163 | +415% |
| Other operating charges | 640/8 | €3,956 | €5,552 | +€1,596 | +40.3% |
| Gross operating margin | 9900 | €86,776 | €158,688 | +€71,912 | +82.9% |
| Operating profit (loss) | 9901 | €30,170 | €6,135 | -€24,035 | -79.7% |
| Financial income | 75/76B | €155 | €27 | -€128 | -82.5% |
| Recurring financial income | 75 | €155 | €27 | -€128 | -82.5% |
| Financial charges | 65/66B | €2,526 | €4,641 | +€2,115 | +83.7% |
| Recurring financial charges | 65 | €2,526 | €4,641 | +€2,115 | +83.7% |
| Profit (loss) for the period before taxes | 9903 | €27,799 | €1,522 | -€26,277 | -94.5% |
| Income taxes | 67/77 | €2,410 | €1,515 | -€895 | -37.1% |
| Profit (loss) for the period | 9904 | €25,389 | €7 | -€25,382 | -100.0% |
| Profit (loss) for the period to be appropriated | 9905 | €25,389 | €7 | -€25,382 | -100.0% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 15 October 2026 via checked.be.