JATRACO: 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.
JATRACO
Largest movements
- Cash +€63,378
up €63,378 (+52.2%), from €121,461 to €184,838
mainly Net result for the year (+€78,029) and Depreciation (+€62,908)
- Tangible fixed assets -€62,908
down €62,908 (-24.8%), from €254,075 to €191,167
- Reserves +€78,029
up €78,029 (+138%), from €56,391 to €134,420
- Trade debts -€49,241
down €49,241 (-76.6%), from €64,249 to €15,009
- Debts after one year -€37,000
down €37,000 (-16.5%), from €224,500 to €187,500
- Tax, wage and social debts +€8,504
up €8,504 (+31.8%), from €26,763 to €35,267
of which Taxes: +€8,470
- Gross operating margin +€37,883
up €37,883 (+25.4%), from €149,150 to €187,034
- Taxes +€9,695
up €9,695 (+97.7%), from €9,925 to €19,620
- Depreciation +€2,442
up €2,442 (+4.0%), from €60,466 to €62,908
- Other operating charges +€2,371
up €2,371 (+15.6%), from €15,215 to €17,586
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 | €419,427 | €417,036 | -€2,391 | -0.6% |
| Fixed assets | 21/28 | €256,475 | €193,567 | -€62,908 | -24.5% |
| Tangible fixed assets | 22/27 | €254,075 | €191,167 | -€62,908 | -24.8% |
| Furniture and vehicles | 24 | €254,075 | €191,167 | -€62,908 | -24.8% |
| Financial fixed assets | 28 | €2,400 | €2,400 | = | 0.0% |
| Current assets | 29/58 | €162,952 | €223,469 | +€60,517 | +37.1% |
| Amounts receivable within one year | 40/41 | €37,560 | €34,677 | -€2,883 | -7.7% |
| Trade receivables | 40 | €37,556 | €34,677 | -€2,879 | -7.7% |
| Other amounts receivable | 41 | €4 | €0 | -€4 | -100% |
| Cash at bank and in hand | 54/58 | €121,461 | €184,838 | +€63,378 | +52.2% |
| Deferred charges and accrued income | 490/1 | €3,931 | €3,954 | +€22 | +0.6% |
| Total equity and liabilities | 10/49 | €419,427 | €417,036 | -€2,391 | -0.6% |
| Equity | 10/15 | €61,391 | €139,420 | +€78,029 | +127% |
| Contributions | 10/11 | €5,000 | €5,000 | = | 0.0% |
| Reserves | 13 | €56,391 | €134,420 | +€78,029 | +138% |
| Distributable reserves | 133 | €56,391 | €134,420 | +€78,029 | +138% |
| Amounts payable | 17/49 | €358,036 | €277,616 | -€80,420 | -22.5% |
| Amounts payable after more than one year | 17 | €224,500 | €187,500 | -€37,000 | -16.5% |
| Financial debts | 170/4 | €224,500 | €187,500 | -€37,000 | -16.5% |
| Amounts payable within one year | 42/48 | €131,046 | €90,116 | -€40,931 | -31.2% |
| Current portion of amounts payable after more than one year | 42 | €37,000 | €37,000 | = | 0.0% |
| Trade debts | 44 | €64,249 | €15,009 | -€49,241 | -76.6% |
| Suppliers | 440/4 | €64,249 | €15,009 | -€49,241 | -76.6% |
| Taxes, remuneration and social security | 45 | €26,763 | €35,267 | +€8,504 | +31.8% |
| Taxes | 450/3 | €23,914 | €32,384 | +€8,470 | +35.4% |
| Remuneration and social security | 454/9 | €2,849 | €2,882 | +€34 | +1.2% |
| Other amounts payable | 47/48 | €3,035 | €2,841 | -€194 | -6.4% |
| Accrued charges and deferred income | 492/3 | €2,489 | €0 | -€2,489 | -100% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €60,466 | €62,908 | +€2,442 | +4.0% |
| Other operating charges | 640/8 | €15,215 | €17,586 | +€2,371 | +15.6% |
| Gross operating margin | 9900 | €149,150 | €187,034 | +€37,883 | +25.4% |
| Operating profit (loss) | 9901 | €73,469 | €106,540 | +€33,071 | +45.0% |
| Financial charges | 65/66B | €7,154 | €8,891 | +€1,738 | +24.3% |
| Recurring financial charges | 65 | €7,154 | €8,891 | +€1,738 | +24.3% |
| Profit (loss) for the period before taxes | 9903 | €66,316 | €97,648 | +€31,333 | +47.2% |
| Income taxes | 67/77 | €9,925 | €19,620 | +€9,695 | +97.7% |
| Profit (loss) for the period | 9904 | €56,391 | €78,029 | +€21,637 | +38.4% |
| Profit (loss) for the period to be appropriated | 9905 | €56,391 | €78,029 | +€21,637 | +38.4% |
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 15 October 2026 via checked.be.