JarTho: 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.
JarTho
Largest movements
- Tangible fixed assets +€182,843
up €182,843 (+27.0%), from €676,652 to €859,495
of which Land and buildings: +€196,735
- Current investments -€123,619
no longer reported in 2025 (was €123,619)
- Cash +€60,100
up €60,100 (+1037.6%), from €5,792 to €65,892
mainly Current investments (+€123,619) and Debts after one year (+€118,812)
- Debts after one year +€118,812
new in 2025: €118,812
- Accrued charges and deferred income -€14,274
down €14,274 (-91.8%), from €15,546 to €1,272
- Reserves -€13,830
down €13,830 (-1.9%), from €735,749 to €721,919
- Current portion of long-term debt +€13,659
up €13,659 (+216.2%), from €6,318 to €19,977
- Depreciation +€46,909
up €46,909 (+76.6%), from €61,234 to €108,144
- Financial income +€35,699
up €35,699 (+2011.5%), from €1,775 to €37,474
- Gross operating margin +€16,618
up €16,618 (+13.6%), from €121,895 to €138,512
- Taxes -€5,168
down €5,168 (-29.6%), from €17,479 to €12,311
- Write-downs -€2,969
new in 2025: -€2,969
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 | €821,993 | €927,215 | +€105,221 | +12.8% |
| Fixed assets | 21/28 | €676,682 | €859,525 | +€182,843 | +27.0% |
| Tangible fixed assets | 22/27 | €676,652 | €859,495 | +€182,843 | +27.0% |
| Land and buildings | 22 | €618,717 | €815,452 | +€196,735 | +31.8% |
| Furniture and vehicles | 24 | €57,935 | €44,043 | -€13,892 | -24.0% |
| Financial fixed assets | 28 | €30 | €30 | = | 0.0% |
| Current assets | 29/58 | €145,312 | €67,690 | -€77,622 | -53.4% |
| Amounts receivable within one year | 40/41 | €9,359 | €1,799 | -€7,561 | -80.8% |
| Trade receivables | 40 | €9,123 | €1,799 | -€7,325 | -80.3% |
| Other amounts receivable | 41 | €236 | - | -€236 | |
| Current investments | 50/53 | €123,619 | - | -€123,619 | |
| Cash at bank and in hand | 54/58 | €5,792 | €65,892 | +€60,100 | +1037.6% |
| Deferred charges and accrued income | 490/1 | €6,542 | - | -€6,542 | |
| Total equity and liabilities | 10/49 | €821,993 | €927,215 | +€105,221 | +12.8% |
| Equity | 10/15 | €754,349 | €740,519 | -€13,830 | -1.8% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €735,749 | €721,919 | -€13,830 | -1.9% |
| Distributable reserves | 133 | €735,749 | €721,919 | -€13,830 | -1.9% |
| Amounts payable | 17/49 | €67,644 | €186,696 | +€119,051 | +176.0% |
| Amounts payable after more than one year | 17 | - | €118,812 | +€118,812 | |
| Financial debts | 170/4 | - | €118,812 | +€118,812 | |
| Amounts payable within one year | 42/48 | €52,098 | €66,612 | +€14,514 | +27.9% |
| Current portion of amounts payable after more than one year | 42 | €6,318 | €19,977 | +€13,659 | +216.2% |
| Trade debts | 44 | €6,513 | €960 | -€5,553 | -85.3% |
| Suppliers | 440/4 | €6,513 | €960 | -€5,553 | -85.3% |
| Advances received on contracts in progress | 46 | - | €3,630 | +€3,630 | |
| Taxes, remuneration and social security | 45 | €11,981 | €9,890 | -€2,091 | -17.5% |
| Taxes | 450/3 | €11,981 | €9,890 | -€2,091 | -17.5% |
| Other amounts payable | 47/48 | €27,286 | €32,155 | +€4,869 | +17.8% |
| Accrued charges and deferred income | 492/3 | €15,546 | €1,272 | -€14,274 | -91.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €61,234 | €108,144 | +€46,909 | +76.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | - | -€2,969 | -€2,969 | |
| Other operating charges | 640/8 | €6,631 | €7,477 | +€846 | +12.8% |
| Gross operating margin | 9900 | €121,895 | €138,512 | +€16,618 | +13.6% |
| Operating profit (loss) | 9901 | €54,030 | €25,861 | -€28,169 | -52.1% |
| Financial income | 75/76B | €1,775 | €37,474 | +€35,699 | +2011.5% |
| Recurring financial income | 75 | €1,775 | €37,474 | +€35,699 | +2011.5% |
| Financial charges | 65/66B | €4,134 | €4,854 | +€720 | +17.4% |
| Recurring financial charges | 65 | €4,134 | €4,854 | +€720 | +17.4% |
| Profit (loss) for the period before taxes | 9903 | €51,671 | €58,481 | +€6,810 | +13.2% |
| Income taxes | 67/77 | €17,479 | €12,311 | -€5,168 | -29.6% |
| Profit (loss) for the period | 9904 | €34,192 | €46,170 | +€11,978 | +35.0% |
| Profit (loss) for the period to be appropriated | 9905 | €34,192 | €46,170 | +€11,978 | +35.0% |
Source: filed annual accounts (NBB), fiscal years ended 30 June 2024 and 30 June 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 4 October 2026 via checked.be.