JASO: 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.
JASO
Largest movements
- Receivables after one year +€114,269
up €114,269 (+41.7%), from €274,125 to €388,394
of which Other amounts receivable: +€114,269
- Tangible fixed assets -€37,253
down €37,253 (-49.5%), from €75,274 to €38,021
of which Leasing and similar rights: -€22,086
- Reserves +€72,564
up €72,564 (+22.8%), from €318,435 to €390,999
- Tax, wage and social debts +€30,608
up €30,608 (+424%), from €7,220 to €37,828
of which Taxes: +€30,608
- Debts after one year -€19,634
down €19,634 (-85.0%), from €23,103 to €3,469
- Current portion of long-term debt -€6,814
down €6,814 (-67.2%), from €10,146 to €3,332
- Gross operating margin +€88,083
up €88,083 (+198%), from €44,505 to €132,588
- Taxes +€29,747
up €29,747 (+482%), from €6,169 to €35,916
- Depreciation -€5,645
down €5,645 (-24.6%), from €22,983 to €17,337
- Other operating charges +€2,876
up €2,876 (+140%), from €2,062 to €4,938
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 | €379,943 | €460,246 | +€80,303 | +21.1% |
| Fixed assets | 21/28 | €77,115 | €39,521 | -€37,594 | -48.8% |
| Tangible fixed assets | 22/27 | €75,274 | €38,021 | -€37,253 | -49.5% |
| Land and buildings | 22 | €22,153 | €16,799 | -€5,354 | -24.2% |
| Plant, machinery and equipment | 23 | €11,414 | €5,772 | -€5,642 | -49.4% |
| Furniture and vehicles | 24 | €19,622 | €15,450 | -€4,172 | -21.3% |
| Leasing and similar rights | 25 | €22,086 | €0 | -€22,086 | -100% |
| Financial fixed assets | 28 | €1,841 | €1,500 | -€341 | -18.5% |
| Current assets | 29/58 | €302,828 | €420,725 | +€117,897 | +38.9% |
| Amounts receivable after more than one year | 29 | €274,125 | €388,394 | +€114,269 | +41.7% |
| Trade receivables | 290 | €0 | - | = | |
| Other amounts receivable | 291 | €274,125 | €388,394 | +€114,269 | +41.7% |
| Amounts receivable within one year | 40/41 | €23,253 | €22,460 | -€793 | -3.4% |
| Trade receivables | 40 | €2,920 | €4,976 | +€2,056 | +70.4% |
| Other amounts receivable | 41 | €20,333 | €17,484 | -€2,849 | -14.0% |
| Cash at bank and in hand | 54/58 | €5,209 | €9,432 | +€4,223 | +81.1% |
| Deferred charges and accrued income | 490/1 | €240 | €439 | +€198 | +82.6% |
| Total equity and liabilities | 10/49 | €379,943 | €460,246 | +€80,303 | +21.1% |
| Equity | 10/15 | €337,027 | €409,591 | +€72,564 | +21.5% |
| Contributions | 10/11 | €18,592 | €18,592 | = | 0.0% |
| Reserves | 13 | €318,435 | €390,999 | +€72,564 | +22.8% |
| Distributable reserves | 133 | €318,435 | €390,999 | +€72,564 | +22.8% |
| Amounts payable | 17/49 | €42,916 | €50,655 | +€7,739 | +18.0% |
| Amounts payable after more than one year | 17 | €23,103 | €3,469 | -€19,634 | -85.0% |
| Financial debts | 170/4 | €23,103 | €3,469 | -€19,634 | -85.0% |
| Amounts payable within one year | 42/48 | €19,814 | €47,186 | +€27,373 | +138% |
| Current portion of amounts payable after more than one year | 42 | €10,146 | €3,332 | -€6,814 | -67.2% |
| Trade debts | 44 | €2,449 | €6,027 | +€3,578 | +146% |
| Suppliers | 440/4 | €2,449 | €6,027 | +€3,578 | +146% |
| Taxes, remuneration and social security | 45 | €7,220 | €37,828 | +€30,608 | +424% |
| Taxes | 450/3 | €7,220 | €37,828 | +€30,608 | +424% |
| Remuneration and social security | 454/9 | €0 | - | = | |
| Non-recurring operating income | 76A | - | €99,000 | +€99,000 | |
| Remuneration, social security and pensions | 62 | €0 | - | = | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €22,983 | €17,337 | -€5,645 | -24.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | -€1,099 | €0 | +€1,099 | |
| Other operating charges | 640/8 | €2,062 | €4,938 | +€2,876 | +140% |
| Gross operating margin | 9900 | €44,505 | €132,588 | +€88,083 | +198% |
| Operating profit (loss) | 9901 | €20,560 | €110,312 | +€89,752 | +437% |
| Financial income | 75/76B | €41 | €4 | -€37 | -91.1% |
| Recurring financial income | 75 | €41 | €4 | -€37 | -91.1% |
| Financial charges | 65/66B | €1,616 | €1,836 | +€220 | +13.6% |
| Recurring financial charges | 65 | €1,616 | €1,836 | +€220 | +13.6% |
| Profit (loss) for the period before taxes | 9903 | €18,985 | €108,480 | +€89,495 | +471% |
| Income taxes | 67/77 | €6,169 | €35,916 | +€29,747 | +482% |
| Profit (loss) for the period | 9904 | €12,815 | €72,564 | +€59,749 | +466% |
| Profit (loss) for the period to be appropriated | 9905 | €12,815 | €72,564 | +€59,749 | +466% |
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.