JaRu: 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.
JaRu
Largest movements
- Cash +€393,737
up €393,737 (+270%), from €145,741 to €539,478
mainly Net result for the year (+€521,257) and Trade debts (+€165,831)
- Receivables within one year +€292,902
up €292,902 (+167%), from €175,137 to €468,039
of which Trade receivables: +€249,317
- Tangible fixed assets +€74,650
up €74,650 (+87.5%), from €85,297 to €159,947
- Stocks and contracts +€25,000
up €25,000 (+50.0%), from €50,000 to €75,000
- Reserves +€521,257
up €521,257 (+228%), from €229,100 to €750,356
- Trade debts +€165,831
up €165,831 (+108%), from €153,815 to €319,646
- Tax, wage and social debts +€84,266
up €84,266 (+149%), from €56,451 to €140,717
- Debts after one year +€17,046
new in 2025: €17,046
- Gross operating margin +€541,118
up €541,118 (+252%), from €214,727 to €755,845
- Taxes +€140,877
up €140,877 (+362%), from €38,931 to €179,808
- Write-downs -€18,266
down €18,266, from €15,900 to -€2,366
- Depreciation +€14,830
up €14,830 (+44.5%), from €33,361 to €48,190
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 | €459,366 | €1,251,782 | +€792,416 | +173% |
| Fixed assets | 21/28 | €85,897 | €160,547 | +€74,650 | +86.9% |
| Tangible fixed assets | 22/27 | €85,297 | €159,947 | +€74,650 | +87.5% |
| Plant, machinery and equipment | 23 | €76,952 | €105,167 | +€28,215 | +36.7% |
| Furniture and vehicles | 24 | €5,360 | €12,229 | +€6,869 | +128% |
| Leasing and similar rights | 25 | - | €26,285 | +€26,285 | |
| Other tangible fixed assets | 26 | €2,985 | €16,266 | +€13,281 | +445% |
| Financial fixed assets | 28 | €600 | €600 | = | 0.0% |
| Current assets | 29/58 | €373,469 | €1,091,235 | +€717,766 | +192% |
| Stocks and contracts in progress | 3 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Contracts in progress | 37 | €50,000 | €75,000 | +€25,000 | +50.0% |
| Amounts receivable within one year | 40/41 | €175,137 | €468,039 | +€292,902 | +167% |
| Trade receivables | 40 | €144,304 | €393,621 | +€249,317 | +173% |
| Other amounts receivable | 41 | €30,833 | €74,418 | +€43,585 | +141% |
| Current investments | 50/53 | - | €5,000 | +€5,000 | |
| Cash at bank and in hand | 54/58 | €145,741 | €539,478 | +€393,737 | +270% |
| Deferred charges and accrued income | 490/1 | €2,591 | €3,718 | +€1,128 | +43.5% |
| Total equity and liabilities | 10/49 | €459,366 | €1,251,782 | +€792,416 | +173% |
| Equity | 10/15 | €249,100 | €770,356 | +€521,257 | +209% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €229,100 | €750,356 | +€521,257 | +228% |
| Distributable reserves | 133 | €229,100 | €750,356 | +€521,257 | +228% |
| Amounts payable | 17/49 | €210,266 | €481,426 | +€271,160 | +129% |
| Amounts payable after more than one year | 17 | - | €17,046 | +€17,046 | |
| Financial debts | 170/4 | - | €17,046 | +€17,046 | |
| Amounts payable within one year | 42/48 | €210,266 | €464,380 | +€254,113 | +121% |
| Current portion of amounts payable after more than one year | 42 | - | €4,016 | +€4,016 | |
| Trade debts | 44 | €153,815 | €319,646 | +€165,831 | +108% |
| Suppliers | 440/4 | €153,815 | €319,646 | +€165,831 | +108% |
| Taxes, remuneration and social security | 45 | €56,451 | €140,717 | +€84,266 | +149% |
| Taxes | 450/3 | €56,451 | €140,717 | +€84,266 | +149% |
| Non-recurring operating income | 76A | €11,715 | - | -€11,715 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €33,361 | €48,190 | +€14,830 | +44.5% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €15,900 | -€2,366 | -€18,266 | |
| Other operating charges | 640/8 | €5,691 | €3,927 | -€1,764 | -31.0% |
| Gross operating margin | 9900 | €214,727 | €755,845 | +€541,118 | +252% |
| Operating profit (loss) | 9901 | €159,774 | €706,093 | +€546,319 | +342% |
| Financial income | 75/76B | €88 | €1,801 | +€1,712 | +1,935% |
| Recurring financial income | 75 | €88 | €1,801 | +€1,712 | +1,935% |
| Financial charges | 65/66B | €4,700 | €6,829 | +€2,129 | +45.3% |
| Recurring financial charges | 65 | €4,700 | €6,829 | +€2,129 | +45.3% |
| Profit (loss) for the period before taxes | 9903 | €155,163 | €701,065 | +€545,902 | +352% |
| Income taxes | 67/77 | €38,931 | €179,808 | +€140,877 | +362% |
| Profit (loss) for the period | 9904 | €116,231 | €521,257 | +€405,025 | +348% |
| Profit (loss) for the period to be appropriated | 9905 | €116,231 | €521,257 | +€405,025 | +348% |
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 14 October 2026 via checked.be.