JAT & Co: 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.
JAT & Co
Largest movements
- Current investments -€100,000
no longer reported in 2025 (was €100,000)
- Receivables within one year +€25,572
up €25,572 (+41.3%), from €61,905 to €87,477
of which Other amounts receivable: +€24,000
- Cash +€22,412
up €22,412 (+20.2%), from €110,940 to €133,352
mainly Other debts (+€116,107) and Current investments (+€100,000)
- Reserves -€137,000
down €137,000 (-21.7%), from €630,779 to €493,779
of which Distributable reserves: -€137,000
- Other debts +€116,107
up €116,107 (+168.8%), from €68,797 to €184,904
- Debts after one year -€43,869
down €43,869 (-70.5%), from €62,266 to €18,397
- Financial income -€2,356
down €2,356 (-43.9%), from €5,364 to €3,008
- Other operating charges +€2,052
up €2,052 (+21.0%), from €9,774 to €11,826
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 | €1,117,597 | €1,070,030 | -€47,567 | -4.3% |
| Fixed assets | 21/28 | €844,753 | €839,965 | -€4,788 | -0.6% |
| Intangible fixed assets | 21 | €1,502 | €2,755 | +€1,253 | +83.4% |
| Tangible fixed assets | 22/27 | €467,257 | €461,216 | -€6,041 | -1.3% |
| Land and buildings | 22 | €119,722 | €119,722 | = | 0.0% |
| Furniture and vehicles | 24 | €20,885 | €29,073 | +€8,188 | +39.2% |
| Other tangible fixed assets | 26 | €326,650 | €312,421 | -€14,228 | -4.4% |
| Financial fixed assets | 28 | €375,994 | €375,994 | = | 0.0% |
| Current assets | 29/58 | €272,844 | €230,065 | -€42,779 | -15.7% |
| Amounts receivable within one year | 40/41 | €61,905 | €87,477 | +€25,572 | +41.3% |
| Trade receivables | 40 | €19,905 | €21,477 | +€1,572 | +7.9% |
| Other amounts receivable | 41 | €42,000 | €66,000 | +€24,000 | +57.1% |
| Current investments | 50/53 | €100,000 | - | -€100,000 | |
| Cash at bank and in hand | 54/58 | €110,940 | €133,352 | +€22,412 | +20.2% |
| Deferred charges and accrued income | 490/1 | - | €9,237 | +€9,237 | |
| Total equity and liabilities | 10/49 | €1,117,597 | €1,070,030 | -€47,567 | -4.3% |
| Equity | 10/15 | €919,349 | €789,041 | -€130,308 | -14.2% |
| Contributions | 10/11 | €25,000 | €25,000 | = | 0.0% |
| Capital | 10 | €25,000 | €25,000 | = | 0.0% |
| Issued capital | 100 | €25,000 | €25,000 | = | 0.0% |
| Reserves | 13 | €630,779 | €493,779 | -€137,000 | -21.7% |
| Non-distributable reserves | 130/1 | €2,479 | €2,479 | = | 0.0% |
| Reserves not available under the articles | 1311 | €2,479 | €2,479 | = | 0.0% |
| Tax-exempt reserves | 132 | €132,300 | €132,300 | = | 0.0% |
| Distributable reserves | 133 | €496,000 | €359,000 | -€137,000 | -27.6% |
| Profit (loss) carried forward | 14 | €263,570 | €270,262 | +€6,692 | +2.5% |
| Amounts payable | 17/49 | €198,249 | €280,989 | +€82,740 | +41.7% |
| Amounts payable after more than one year | 17 | €62,266 | €18,397 | -€43,869 | -70.5% |
| Financial debts | 170/4 | €62,266 | €18,397 | -€43,869 | -70.5% |
| Amounts payable within one year | 42/48 | €135,983 | €262,592 | +€126,609 | +93.1% |
| Current portion of amounts payable after more than one year | 42 | €47,077 | €47,507 | +€430 | +0.9% |
| Financial debts | 43 | €298 | €274 | -€24 | -8.0% |
| Credit institutions | 430/8 | €298 | €274 | -€24 | -8.0% |
| Trade debts | 44 | €5,165 | €8,305 | +€3,140 | +60.8% |
| Suppliers | 440/4 | €5,165 | €8,305 | +€3,140 | +60.8% |
| Taxes, remuneration and social security | 45 | €14,646 | €21,602 | +€6,957 | +47.5% |
| Taxes | 450/3 | €9,679 | €16,614 | +€6,934 | +71.6% |
| Remuneration and social security | 454/9 | €4,966 | €4,989 | +€22 | +0.4% |
| Other amounts payable | 47/48 | €68,797 | €184,904 | +€116,107 | +168.8% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €42,087 | €40,827 | -€1,260 | -3.0% |
| Other operating charges | 640/8 | €9,774 | €11,826 | +€2,052 | +21.0% |
| Gross operating margin | 9900 | €133,864 | €135,149 | +€1,285 | +1.0% |
| Operating profit (loss) | 9901 | €82,003 | €82,496 | +€493 | +0.6% |
| Financial income | 75/76B | €5,364 | €3,008 | -€2,356 | -43.9% |
| Recurring financial income | 75 | €5,364 | €3,008 | -€2,356 | -43.9% |
| Financial charges | 65/66B | €1,433 | €1,379 | -€54 | -3.8% |
| Recurring financial charges | 65 | €1,433 | €1,379 | -€54 | -3.8% |
| Profit (loss) for the period before taxes | 9903 | €85,934 | €84,125 | -€1,809 | -2.1% |
| Income taxes | 67/77 | €24,095 | €22,833 | -€1,262 | -5.2% |
| Profit (loss) for the period | 9904 | €61,838 | €61,292 | -€546 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €61,838 | €61,292 | -€546 | -0.9% |
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 7 October 2026 via checked.be.