JAXOTAN: 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.
JAXOTAN
Largest movements
- Cash +€65,420
up €65,420 (+17.9%), from €366,451 to €431,871
mainly Other debts (+€330,268) and Net result for the year (+€55,972)
- Receivables within one year -€36,300
down €36,300 (-55.4%), from €65,543 to €29,243
of which Trade receivables: -€31,274
- Profit (loss) carried forward -€403,852
down €403,852 (-100%), from €403,852 to €0
- Other debts +€330,268
new in 2025: €330,268
- Reserves +€101,324
up €101,324 (+5,448%), from €1,860 to €103,184
- Gross operating margin -€48,313
down €48,313 (-39.9%), from €121,007 to €72,694
- Other operating charges -€13,298
down €13,298 (-82.3%), from €16,164 to €2,866
- Taxes -€7,201
down €7,201 (-33.3%), from €21,612 to €14,410
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 | €434,109 | €462,605 | +€28,495 | +6.6% |
| Current assets | 29/58 | €434,109 | €462,605 | +€28,495 | +6.6% |
| Amounts receivable within one year | 40/41 | €65,543 | €29,243 | -€36,300 | -55.4% |
| Trade receivables | 40 | €59,774 | €28,500 | -€31,274 | -52.3% |
| Other amounts receivable | 41 | €5,769 | €743 | -€5,026 | -87.1% |
| Cash at bank and in hand | 54/58 | €366,451 | €431,871 | +€65,420 | +17.9% |
| Deferred charges and accrued income | 490/1 | €2,115 | €1,490 | -€625 | -29.6% |
| Total equity and liabilities | 10/49 | €434,109 | €462,605 | +€28,495 | +6.6% |
| Equity | 10/15 | €424,312 | €121,784 | -€302,528 | -71.3% |
| Contributions | 10/11 | €18,600 | €18,600 | = | 0.0% |
| Reserves | 13 | €1,860 | €103,184 | +€101,324 | +5,448% |
| Distributable reserves | 133 | €1,860 | €103,184 | +€101,324 | +5,448% |
| Profit (loss) carried forward | 14 | €403,852 | €0 | -€403,852 | -100% |
| Amounts payable | 17/49 | €9,797 | €340,821 | +€331,023 | +3,379% |
| Amounts payable within one year | 42/48 | €9,055 | €340,335 | +€331,281 | +3,659% |
| Trade debts | 44 | €650 | €987 | +€337 | +51.9% |
| Suppliers | 440/4 | €650 | €987 | +€337 | +51.9% |
| Taxes, remuneration and social security | 45 | €8,404 | €9,080 | +€675 | +8.0% |
| Taxes | 450/3 | €6,024 | €6,700 | +€675 | +11.2% |
| Remuneration and social security | 454/9 | €2,380 | €2,380 | = | 0.0% |
| Other amounts payable | 47/48 | - | €330,268 | +€330,268 | |
| Accrued charges and deferred income | 492/3 | €743 | €486 | -€257 | -34.6% |
| Other operating charges | 640/8 | €16,164 | €2,866 | -€13,298 | -82.3% |
| Gross operating margin | 9900 | €121,007 | €72,694 | -€48,313 | -39.9% |
| Operating profit (loss) | 9901 | €104,843 | €69,828 | -€35,015 | -33.4% |
| Financial income | 75/76B | €41 | €705 | +€664 | +1,620% |
| Recurring financial income | 75 | €41 | €705 | +€664 | +1,620% |
| Financial charges | 65/66B | €86 | €151 | +€64 | +74.2% |
| Recurring financial charges | 65 | €86 | €151 | +€64 | +74.2% |
| Profit (loss) for the period before taxes | 9903 | €104,797 | €70,382 | -€34,415 | -32.8% |
| Income taxes | 67/77 | €21,612 | €14,410 | -€7,201 | -33.3% |
| Profit (loss) for the period | 9904 | €83,186 | €55,972 | -€27,214 | -32.7% |
| Profit (loss) for the period to be appropriated | 9905 | €83,186 | €55,972 | -€27,214 | -32.7% |
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 19 October 2026 via checked.be.