Jarta: 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.
Jarta
Largest movements
- Cash +€191,770
up €191,770 (+268.7%), from €71,380 to €263,150
mainly Net result for the year (+€335,517) and Other debts (+€283,008)
- Receivables within one year -€175,154
down €175,154 (-49.9%), from €351,169 to €176,016
of which Trade receivables: -€152,788
- Current investments -€45,000
no longer reported in 2025 (was €45,000)
- Tangible fixed assets -€10,908
down €10,908 (-13.0%), from €83,688 to €72,780
of which Leasing and similar rights: -€22,474
- Reserves -€338,224
down €338,224 (-87.0%), from €388,965 to €50,741
- Other debts +€283,008
new in 2025: €283,008
- Tax, wage and social debts +€28,548
up €28,548 (+44.0%), from €64,836 to €93,385
- Debts after one year -€28,489
down €28,489 (-86.4%), from €32,983 to €4,495
- Current portion of long-term debt +€7,745
up €7,745 (+16.7%), from €46,484 to €54,229
- Gross operating margin -€41,406
down €41,406 (-7.8%), from €533,294 to €491,888
- Financial income -€16,210
down €16,210 (-92.3%), from €17,557 to €1,347
- Taxes -€16,118
down €16,118 (-12.9%), from €124,836 to €108,718
- Other operating charges +€8,059
up €8,059 (+92.1%), from €8,753 to €16,812
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 | €560,092 | €516,546 | -€43,546 | -7.8% |
| Fixed assets | 21/28 | €83,688 | €72,780 | -€10,908 | -13.0% |
| Tangible fixed assets | 22/27 | €83,688 | €72,780 | -€10,908 | -13.0% |
| Plant, machinery and equipment | 23 | €4,131 | €15,672 | +€11,541 | +279.4% |
| Furniture and vehicles | 24 | €3,728 | €3,754 | +€26 | +0.7% |
| Leasing and similar rights | 25 | €65,179 | €42,704 | -€22,474 | -34.5% |
| Other tangible fixed assets | 26 | €10,650 | €10,650 | = | 0.0% |
| Current assets | 29/58 | €476,404 | €443,766 | -€32,638 | -6.9% |
| Amounts receivable within one year | 40/41 | €351,169 | €176,016 | -€175,154 | -49.9% |
| Trade receivables | 40 | €328,803 | €176,016 | -€152,788 | -46.5% |
| Other amounts receivable | 41 | €22,366 | - | -€22,366 | |
| Current investments | 50/53 | €45,000 | - | -€45,000 | |
| Cash at bank and in hand | 54/58 | €71,380 | €263,150 | +€191,770 | +268.7% |
| Deferred charges and accrued income | 490/1 | €8,854 | €4,601 | -€4,254 | -48.0% |
| Total equity and liabilities | 10/49 | €560,092 | €516,546 | -€43,546 | -7.8% |
| Equity | 10/15 | €407,565 | €69,341 | -€338,224 | -83.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €388,965 | €50,741 | -€338,224 | -87.0% |
| Distributable reserves | 133 | €388,965 | €50,741 | -€338,224 | -87.0% |
| Amounts payable | 17/49 | €152,527 | €447,205 | +€294,678 | +193.2% |
| Amounts payable after more than one year | 17 | €32,983 | €4,495 | -€28,489 | -86.4% |
| Financial debts | 170/4 | €32,983 | €4,495 | -€28,489 | -86.4% |
| Amounts payable within one year | 42/48 | €119,543 | €442,710 | +€323,167 | +270.3% |
| Current portion of amounts payable after more than one year | 42 | €46,484 | €54,229 | +€7,745 | +16.7% |
| Trade debts | 44 | €8,223 | €12,089 | +€3,866 | +47.0% |
| Suppliers | 440/4 | €8,223 | €12,089 | +€3,866 | +47.0% |
| Taxes, remuneration and social security | 45 | €64,836 | €93,385 | +€28,548 | +44.0% |
| Taxes | 450/3 | €64,836 | €93,385 | +€28,548 | +44.0% |
| Other amounts payable | 47/48 | - | €283,008 | +€283,008 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €24,864 | €27,069 | +€2,205 | +8.9% |
| Other operating charges | 640/8 | €8,753 | €16,812 | +€8,059 | +92.1% |
| Non-recurring operating charges | 66A | €69 | - | -€69 | |
| Gross operating margin | 9900 | €533,294 | €491,888 | -€41,406 | -7.8% |
| Operating profit (loss) | 9901 | €499,607 | €448,007 | -€51,600 | -10.3% |
| Financial income | 75/76B | €17,557 | €1,347 | -€16,210 | -92.3% |
| Recurring financial income | 75 | €17,557 | €1,347 | -€16,210 | -92.3% |
| Financial charges | 65/66B | €3,587 | €5,120 | +€1,533 | +42.7% |
| Recurring financial charges | 65 | €3,587 | €5,120 | +€1,533 | +42.7% |
| Profit (loss) for the period before taxes | 9903 | €513,577 | €444,234 | -€69,342 | -13.5% |
| Income taxes | 67/77 | €124,836 | €108,718 | -€16,118 | -12.9% |
| Profit (loss) for the period | 9904 | €388,741 | €335,517 | -€53,224 | -13.7% |
| Profit (loss) for the period to be appropriated | 9905 | €388,741 | €335,517 | -€53,224 | -13.7% |
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 3 October 2026 via checked.be.