JARTEC: 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.
JARTEC
Largest movements
- Current investments +€38,128
up €38,128 (+88.3%), from €43,194 to €81,322
- Cash +€17,185
up €17,185 (+1,870%), from €919 to €18,104
mainly Net result for the year (+€42,209) and Depreciation (+€18,949)
- Tangible fixed assets -€15,884
down €15,884 (-19.3%), from €82,323 to €66,439
- Reserves +€40,543
up €40,543 (+34.7%), from €116,700 to €157,243
- Trade debts -€10,761
down €10,761 (-91.0%), from €11,826 to €1,065
- Tax, wage and social debts +€8,176
up €8,176 (+73.0%), from €11,193 to €19,369
- Gross operating margin +€31,863
up €31,863 (+68.9%), from €46,228 to €78,091
- Depreciation +€12,803
up €12,803 (+208%), from €6,146 to €18,949
- Taxes +€6,668
up €6,668 (+66.2%), from €10,076 to €16,744
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 | €159,985 | €198,258 | +€38,273 | +23.9% |
| Fixed assets | 21/28 | €82,323 | €66,439 | -€15,884 | -19.3% |
| Tangible fixed assets | 22/27 | €82,323 | €66,439 | -€15,884 | -19.3% |
| Furniture and vehicles | 24 | €82,323 | €66,439 | -€15,884 | -19.3% |
| Current assets | 29/58 | €77,662 | €131,819 | +€54,157 | +69.7% |
| Amounts receivable within one year | 40/41 | €31,947 | €30,749 | -€1,198 | -3.7% |
| Trade receivables | 40 | €18,426 | €20,391 | +€1,965 | +10.7% |
| Other amounts receivable | 41 | €13,521 | €10,358 | -€3,163 | -23.4% |
| Current investments | 50/53 | €43,194 | €81,322 | +€38,128 | +88.3% |
| Cash at bank and in hand | 54/58 | €919 | €18,104 | +€17,185 | +1,870% |
| Deferred charges and accrued income | 490/1 | €1,602 | €1,644 | +€42 | +2.6% |
| Total equity and liabilities | 10/49 | €159,985 | €198,258 | +€38,273 | +23.9% |
| Equity | 10/15 | €135,300 | €175,843 | +€40,543 | +30.0% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €116,700 | €157,243 | +€40,543 | +34.7% |
| Distributable reserves | 133 | €116,700 | €157,243 | +€40,543 | +34.7% |
| Amounts payable | 17/49 | €24,685 | €22,415 | -€2,270 | -9.2% |
| Amounts payable within one year | 42/48 | €24,685 | €22,415 | -€2,270 | -9.2% |
| Trade debts | 44 | €11,826 | €1,065 | -€10,761 | -91.0% |
| Suppliers | 440/4 | €11,826 | €1,065 | -€10,761 | -91.0% |
| Taxes, remuneration and social security | 45 | €11,193 | €19,369 | +€8,176 | +73.0% |
| Taxes | 450/3 | €11,193 | €19,369 | +€8,176 | +73.0% |
| Other amounts payable | 47/48 | €1,666 | €1,981 | +€315 | +18.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €6,146 | €18,949 | +€12,803 | +208% |
| Other operating charges | 640/8 | €570 | €128 | -€442 | -77.5% |
| Non-recurring operating charges | 66A | €40 | - | -€40 | |
| Gross operating margin | 9900 | €46,228 | €78,091 | +€31,863 | +68.9% |
| Operating profit (loss) | 9901 | €39,472 | €59,014 | +€19,542 | +49.5% |
| Financial income | 75/76B | €847 | €184 | -€663 | -78.3% |
| Recurring financial income | 75 | €847 | €184 | -€663 | -78.3% |
| Financial charges | 65/66B | €241 | €245 | +€4 | +1.7% |
| Recurring financial charges | 65 | €241 | €245 | +€4 | +1.7% |
| Profit (loss) for the period before taxes | 9903 | €40,078 | €58,953 | +€18,875 | +47.1% |
| Income taxes | 67/77 | €10,076 | €16,744 | +€6,668 | +66.2% |
| Profit (loss) for the period | 9904 | €30,002 | €42,209 | +€12,207 | +40.7% |
| Profit (loss) for the period to be appropriated | 9905 | €30,002 | €42,209 | +€12,207 | +40.7% |
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.