JATHAN: 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.
JATHAN
Largest movements
- Current investments +€1.7m
up €1.7m (+97.5%), from €1.7m to €3.4m
- Cash -€89,853
down €89,853 (-36.4%), from €247,045 to €157,192
mainly Current investments (-€1.7m) and Current portion of long-term debt (-€10,011)
- Other debts +€800,243
up €800,243 (+226.5%), from €353,358 to €1.2m
- Reserves +€740,333
up €740,333 (+46.7%), from €1.6m to €2.3m
of which Distributable reserves: +€740,333
- Tax, wage and social debts +€49,393
up €49,393 (+69.9%), from €70,674 to €120,068
- Taxes +€88,299
up €88,299 (+34.9%), from €253,040 to €341,338
- Gross operating margin +€52,715
up €52,715 (+5.0%), from €1.0m to €1.1m
- Financial income +€26,329
up €26,329 (+199.4%), from €13,203 to €39,532
- Financial charges +€24,636
up €24,636 (+204.1%), from €12,072 to €36,708
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 | €2,040,158 | €3,620,041 | +€1.6m | +77.4% |
| Fixed assets | 21/28 | €63,514 | €46,064 | -€17,450 | -27.5% |
| Tangible fixed assets | 22/27 | €63,514 | €46,064 | -€17,450 | -27.5% |
| Plant, machinery and equipment | 23 | €1,103 | €396 | -€707 | -64.1% |
| Furniture and vehicles | 24 | €17,912 | €16,298 | -€1,613 | -9.0% |
| Leasing and similar rights | 25 | €9,458 | €0 | -€9,458 | -100.0% |
| Other tangible fixed assets | 26 | €35,041 | €29,369 | -€5,672 | -16.2% |
| Current assets | 29/58 | €1,976,644 | €3,573,978 | +€1.6m | +80.8% |
| Amounts receivable within one year | 40/41 | €0 | - | = | |
| Other amounts receivable | 41 | €0 | - | = | |
| Current investments | 50/53 | €1,729,599 | €3,416,786 | +€1.7m | +97.5% |
| Cash at bank and in hand | 54/58 | €247,045 | €157,192 | -€89,853 | -36.4% |
| Total equity and liabilities | 10/49 | €2,040,158 | €3,620,041 | +€1.6m | +77.4% |
| Equity | 10/15 | €1,606,041 | €2,346,374 | +€740,333 | +46.1% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Reserves | 13 | €1,586,041 | €2,326,374 | +€740,333 | +46.7% |
| Non-distributable reserves | 130/1 | €0 | - | = | |
| Reserves not available under the articles | 1311 | €0 | - | = | |
| Distributable reserves | 133 | €1,586,041 | €2,326,374 | +€740,333 | +46.7% |
| Amounts payable | 17/49 | €434,118 | €1,273,668 | +€839,550 | +193.4% |
| Amounts payable after more than one year | 17 | €0 | - | = | |
| Financial debts | 170/4 | €0 | - | = | |
| Amounts payable within one year | 42/48 | €434,118 | €1,273,668 | +€839,550 | +193.4% |
| Current portion of amounts payable after more than one year | 42 | €10,011 | €0 | -€10,011 | -100.0% |
| Trade debts | 44 | €75 | €0 | -€75 | -100.0% |
| Suppliers | 440/4 | €75 | €0 | -€75 | -100.0% |
| Taxes, remuneration and social security | 45 | €70,674 | €120,068 | +€49,393 | +69.9% |
| Taxes | 450/3 | €70,674 | €120,068 | +€49,393 | +69.9% |
| Other amounts payable | 47/48 | €353,358 | €1,153,600 | +€800,243 | +226.5% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €18,392 | €17,450 | -€942 | -5.1% |
| Other operating charges | 640/8 | €1,657 | €1,627 | -€30 | -1.8% |
| Gross operating margin | 9900 | €1,045,210 | €1,097,925 | +€52,715 | +5.0% |
| Operating profit (loss) | 9901 | €1,025,160 | €1,078,847 | +€53,687 | +5.2% |
| Financial income | 75/76B | €13,203 | €39,532 | +€26,329 | +199.4% |
| Recurring financial income | 75 | €13,203 | €39,532 | +€26,329 | +199.4% |
| Financial charges | 65/66B | €12,072 | €36,708 | +€24,636 | +204.1% |
| Recurring financial charges | 65 | €12,072 | €36,708 | +€24,636 | +204.1% |
| Profit (loss) for the period before taxes | 9903 | €1,026,291 | €1,081,671 | +€55,380 | +5.4% |
| Income taxes | 67/77 | €253,040 | €341,338 | +€88,299 | +34.9% |
| Profit (loss) for the period | 9904 | €773,252 | €740,333 | -€32,919 | -4.3% |
| Profit (loss) for the period to be appropriated | 9905 | €773,252 | €740,333 | -€32,919 | -4.3% |
Source: filed annual accounts (NBB), financial years ended 30 September 2024 and 30 September 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.