JATHAS: 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.
JATHAS
Largest movements
- Current investments +€2.3m
new in 2025: €2.3m
- Cash -€2.1m
down €2.1m (-70.3%), from €3.0m to €903,197
mainly Current investments (-€2.3m) and Tax, wage and social debts (-€137,202)
- Receivables within one year -€137,044
down €137,044 (-98.2%), from €139,542 to €2,498
- Tax, wage and social debts -€137,202
down €137,202 (-87.7%), from €156,399 to €19,197
of which Remuneration and social security: -€133,358
- Other debts +€58,304
up €58,304 (+20.4%), from €286,450 to €344,754
- Reserves +€51,704
up €51,704 (+1.9%), from €2.7m to €2.8m
of which Distributable reserves: +€136,704
- Gross operating margin +€50,250
up €50,250, from -€1,185 to €49,065
- Financial income -€38,242
down €38,242 (-42.5%), from €89,997 to €51,755
- Taxes +€6,147
up €6,147 (+38.1%), from €16,149 to €22,297
- Financial charges +€5,937
up €5,937 (+32.9%), from €18,055 to €23,992
- Other operating charges +€1,337
up €1,337 (+149.9%), from €892 to €2,228
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 | €3,186,611 | €3,181,081 | -€5,529 | -0.2% |
| Fixed assets | 21/28 | €2,060 | €15,211 | +€13,151 | +638.2% |
| Tangible fixed assets | 22/27 | €2,060 | €15,211 | +€13,151 | +638.2% |
| Furniture and vehicles | 24 | €2,060 | €15,211 | +€13,151 | +638.2% |
| Current assets | 29/58 | €3,184,550 | €3,165,870 | -€18,680 | -0.6% |
| Amounts receivable within one year | 40/41 | €139,542 | €2,498 | -€137,044 | -98.2% |
| Other amounts receivable | 41 | €139,542 | €2,498 | -€137,044 | -98.2% |
| Current investments | 50/53 | - | €2,260,176 | +€2.3m | |
| Cash at bank and in hand | 54/58 | €3,045,008 | €903,197 | -€2.1m | -70.3% |
| Total equity and liabilities | 10/49 | €3,186,611 | €3,181,081 | -€5,529 | -0.2% |
| Equity | 10/15 | €2,741,467 | €2,793,171 | +€51,704 | +1.9% |
| Contributions | 10/11 | €20,000 | €20,000 | = | 0.0% |
| Capital | 10 | €20,000 | - | -€20,000 | |
| Issued capital | 100 | €20,000 | - | -€20,000 | |
| Reserves | 13 | €2,721,467 | €2,773,171 | +€51,704 | +1.9% |
| Non-distributable reserves | 130/1 | €85,000 | - | -€85,000 | |
| Legal reserve | 130 | €85,000 | - | -€85,000 | |
| Tax-exempt reserves | 132 | €72,363 | €72,363 | = | 0.0% |
| Distributable reserves | 133 | €2,564,104 | €2,700,807 | +€136,704 | +5.3% |
| Provisions and deferred taxes | 16 | €654 | €654 | = | 0.0% |
| Provisions for liabilities and charges | 160/5 | €654 | €654 | = | 0.0% |
| Pensions and similar obligations | 160 | €654 | €654 | = | 0.0% |
| Amounts payable | 17/49 | €444,489 | €387,257 | -€57,233 | -12.9% |
| Amounts payable within one year | 42/48 | €444,489 | €366,976 | -€77,514 | -17.4% |
| Trade debts | 44 | €1,640 | €3,025 | +€1,385 | +84.5% |
| Suppliers | 440/4 | €1,640 | €3,025 | +€1,385 | +84.5% |
| Taxes, remuneration and social security | 45 | €156,399 | €19,197 | -€137,202 | -87.7% |
| Taxes | 450/3 | €23,041 | €19,197 | -€3,845 | -16.7% |
| Remuneration and social security | 454/9 | €133,358 | - | -€133,358 | |
| Other amounts payable | 47/48 | €286,450 | €344,754 | +€58,304 | +20.4% |
| Accrued charges and deferred income | 492/3 | - | €20,281 | +€20,281 | |
| Remuneration, social security and pensions | 62 | €968 | - | -€968 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €592 | €599 | +€8 | +1.3% |
| Other operating charges | 640/8 | €892 | €2,228 | +€1,337 | +149.9% |
| Gross operating margin | 9900 | -€1,185 | €49,065 | +€50,250 | |
| Operating profit (loss) | 9901 | -€3,636 | €46,237 | +€49,873 | |
| Financial income | 75/76B | €89,997 | €51,755 | -€38,242 | -42.5% |
| Recurring financial income | 75 | €89,997 | €51,755 | -€38,242 | -42.5% |
| Financial charges | 65/66B | €18,055 | €23,992 | +€5,937 | +32.9% |
| Recurring financial charges | 65 | €18,055 | €23,992 | +€5,937 | +32.9% |
| Profit (loss) for the period before taxes | 9903 | €68,306 | €74,000 | +€5,694 | +8.3% |
| Income taxes | 67/77 | €16,149 | €22,297 | +€6,147 | +38.1% |
| Profit (loss) for the period | 9904 | €52,157 | €51,704 | -€453 | -0.9% |
| Profit (loss) for the period to be appropriated | 9905 | €52,157 | €51,704 | -€453 | -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.