JEAKAR: 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.
What changed
JEAKAR
fiscal year 2024 against 2025filed annual accounts (NBB)
Net result for the year
€16,576
2024 · €5,595+€10,981
Equity
€1.7m
2024 · €1.7m+€16,576
Cash
€231,123
2024 · €188,705+€42,417
Balance sheet total
€5.0m
2024 · €5.2m-€151,940
Largest movements
Assets
- Tangible fixed assets -€199,987
down €199,987 (-5.4%), from €3.7m to €3.5m
of which Land and buildings: -€178,175
Equity and liabilities
- Debts after one year -€140,334
down €140,334 (-4.4%), from €3.2m to €3.1m
of which Financial debts: -€169,570
Income statement
- Gross operating margin +€8,381
up €8,381 (+2.1%), from €389,982 to €398,363
- Depreciation -€6,722
down €6,722 (-3.0%), from €223,667 to €216,945
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.
Result 2024
€5,595
Gross operating margin
+€8,381
Depreciation
+€6,722
Other operating charges
-€1,742
Financial income
+€1,394
Financial charges
-€343
Taxes
-€3,431
Result 2025
€16,576
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.
From operations
+€197,332
Investment
-€16,958
Financing
-€137,956
Cash 2024
€188,705
From operations (derived)
+€197,332
Net result for the year
+€16,576
Depreciation
+€216,945
Receivables within one year
-€5,577
Deferred charges and accrued income
-€52
Trade debts
+€2,954
Tax, wage and social debts
-€1,457
Advances received
+€10,473
Other debts
+€7,471
Accrued charges and deferred income
-€50,000
Investment (derived)
-€16,958
Investment in fixed assets (net)
-€16,958
Financing
-€137,956
Debts after one year
-€140,334
Current portion of long-term debt
+€2,378
Cash 2025
€231,123
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €5,172,209 | €5,020,269 | -€151,940 | -2.9% |
| Fixed assets | 21/28 | €3,715,039 | €3,515,052 | -€199,987 | -5.4% |
| Tangible fixed assets | 22/27 | €3,715,039 | €3,515,052 | -€199,987 | -5.4% |
| Land and buildings | 22 | €3,418,980 | €3,240,804 | -€178,175 | -5.2% |
| Plant, machinery and equipment | 23 | €117,488 | €98,515 | -€18,974 | -16.1% |
| Furniture and vehicles | 24 | €7,333 | €6,568 | -€765 | -10.4% |
| Other tangible fixed assets | 26 | €171,238 | €169,165 | -€2,073 | -1.2% |
| Current assets | 29/58 | €1,457,170 | €1,505,217 | +€48,046 | +3.3% |
| Amounts receivable within one year | 40/41 | €1,266,600 | €1,272,177 | +€5,577 | +0.4% |
| Trade receivables | 40 | €4,964 | - | -€4,964 | |
| Other amounts receivable | 41 | €1,261,636 | €1,272,177 | +€10,541 | +0.8% |
| Cash at bank and in hand | 54/58 | €188,705 | €231,123 | +€42,417 | +22.5% |
| Deferred charges and accrued income | 490/1 | €1,865 | €1,917 | +€52 | +2.8% |
| Total equity and liabilities | 10/49 | €5,172,209 | €5,020,269 | -€151,940 | -2.9% |
| Equity | 10/15 | €1,702,349 | €1,718,925 | +€16,576 | +1.0% |
| Contributions | 10/11 | €62,000 | €62,000 | = | 0.0% |
| Capital | 10 | €62,000 | €62,000 | = | 0.0% |
| Issued capital | 100 | €62,000 | €62,000 | = | 0.0% |
| Reserves | 13 | €1,640,349 | €1,656,925 | +€16,576 | +1.0% |
| Non-distributable reserves | 130/1 | €6,200 | €6,200 | = | 0.0% |
| Legal reserve | 130 | €6,200 | €6,200 | = | 0.0% |
| Distributable reserves | 133 | €1,634,149 | €1,650,725 | +€16,576 | +1.0% |
| Amounts payable | 17/49 | €3,469,860 | €3,301,344 | -€168,516 | -4.9% |
| Amounts payable after more than one year | 17 | €3,205,939 | €3,065,605 | -€140,334 | -4.4% |
| Financial debts | 170/4 | €1,898,348 | €1,728,778 | -€169,570 | -8.9% |
| Other amounts payable | 178/9 | €1,307,591 | €1,336,827 | +€29,236 | +2.2% |
| Amounts payable within one year | 42/48 | €213,921 | €235,739 | +€21,818 | +10.2% |
| Current portion of amounts payable after more than one year | 42 | €167,936 | €170,314 | +€2,378 | +1.4% |
| Trade debts | 44 | €1,396 | €4,349 | +€2,954 | +211.6% |
| Suppliers | 440/4 | €1,396 | €4,349 | +€2,954 | +211.6% |
| Advances received on contracts in progress | 46 | €19,755 | €30,228 | +€10,473 | +53.0% |
| Taxes, remuneration and social security | 45 | €24,834 | €23,377 | -€1,457 | -5.9% |
| Taxes | 450/3 | €24,834 | €23,377 | -€1,457 | -5.9% |
| Other amounts payable | 47/48 | - | €7,471 | +€7,471 | |
| Accrued charges and deferred income | 492/3 | €50,000 | - | -€50,000 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €223,667 | €216,945 | -€6,722 | -3.0% |
| Other operating charges | 640/8 | €51,611 | €53,353 | +€1,742 | +3.4% |
| Gross operating margin | 9900 | €389,982 | €398,363 | +€8,381 | +2.1% |
| Operating profit (loss) | 9901 | €114,704 | €128,065 | +€13,361 | +11.6% |
| Financial income | 75/76B | €302 | €1,695 | +€1,394 | +462.0% |
| Recurring financial income | 75 | €302 | €1,695 | +€1,394 | +462.0% |
| Financial charges | 65/66B | €107,316 | €107,659 | +€343 | +0.3% |
| Recurring financial charges | 65 | €107,316 | €107,659 | +€343 | +0.3% |
| Profit (loss) for the period before taxes | 9903 | €7,689 | €22,101 | +€14,412 | +187.4% |
| Income taxes | 67/77 | €2,094 | €5,525 | +€3,431 | +163.8% |
| Profit (loss) for the period | 9904 | €5,595 | €16,576 | +€10,981 | +196.3% |
| Profit (loss) for the period to be appropriated | 9905 | €5,595 | €16,576 | +€10,981 | +196.3% |
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.